Tesla is set to enter the mining business with a lithium claim on 10,000 acres in Nevada, CEO Elon Musk announced at its Battery Day event yesterday. The electric vehicle maker is planning to be a sustainable miner with a low impact on the local environment,...
ASX-listed lithium junior Lake Resources has seen its share price surge by another 50% today in the run up to Tesla’s ‘Battery Day’ on Tuesday, an event which will reportedly reveal ground-breaking developments in battery technology. Last week, the company announced that its partner Hazen Research...
Exploration firm Cornish Lithium yesterday announced it had discovered ‘globally significant’ lithium reserves in hot springs within a historic mining region in the far Southwest of the UK. The UK government-backed company conducted tests in geothermal waters in Cornwall which have revealed some of the world’s...
Lithium Americas plans to resume construction activities at its Caucharí-Olaroz lithium project in Argentina following an enforced shutdown in March due to measures against the COVID-19 pandemic. The large-scale project, a joint venture with China’s Gangfeng Lithium, was suspended again in early July after two workers...
Peru and Bolivia have both authorised mining operators to resume activities as of May 2, in a relaxation of national lockdown measures implemented to prevent the spread of COVID-19. Both Latin American countries shut down their mining operations in mid-March along with other key industrial sectors,...
ASX-listed Prospect Resources has signed a memorandum of understanding (MoU) with Belgian industrial minerals giant Sibelco for the offtake of its lithium product from the Arcadia project in Zimbabwe. The MoU will afford the two companies approximately a month and a half to negotiate the terms...
Australia’s Altura Mining has secured a new financing package valued at US$202 million, in a deal that should prop up the company in a deteriorating lithium market. Under the vital financing package, the company’s current lenders have extended an existing loan facility of $161 million for...
China’s Ganfeng Lithium Co has announced it will take control of an Argentinian lithium project it has been developing in tandem with Lithium Americas Corp. Gangfeng will pay US$16 million to Lithium Americas, thereby increasing its stake in the Cauchari-Olaroz project by one percentage point to...
London-listed exploration and development firm Kodal Minerals has submitted a mining licence application for its Bougouni lithium project in Mali. As part of its mining licence application, Kodal completed a feasibility study for the project and submitted its contents to the Mali Government. The study envisages an...
ASX-listed Prospect Resources has published an updated definitive feasibility study (DFS) for its Arcadia Lithium Project in Zimbabwe, increasing the estimated life of mine (LoM) revenues for the project. The new DFS states that the LoM revenues will be US$3.42 billion over a 15.5-year mine life,...