Tag: Lithium

Lithium Ionic (TSX: LTH) announced on Wednesday that it has secured preliminary approval for a $266 million loan guarantee from the Export-Import Bank of the United States (EXIM) to support its flagship Bandeira lithium project in Minas Gerais, Brazil.

Global Lithium will push back its annual shareholder meeting to February to allow time for the Australian government to review a potential breach by a shareholder of foreign acquisition laws.

Bolivia state-owned Yacimientos de Litio Boliviano (YLB) has inked a deal with Russia’s Uranium One Group to build a $976 million direct lithium extraction (DLE) facility in the country’s vast Salar de Uyuni.

The head of Chile’s Corfo development agency said on Thursday he will launch a call for bids for projects making lithium products while accessing a preferential price “as soon as possible,” following a previous delay.

This year is shaping up to be another tough one for the world’s lithium producers, but the Australian sector is taking new price lows in its stride.

Savannah Resources (AIM: SAV), the British company behind the Barroso lithium project in Portugal, has secured a £16 million (US$20.2 million) investment from Dutch miner AMG, which has become the company’s largest shareholder with a 15.77% stake.

Noram Lithium (TSXV: NRM: US-OTC: NRVTF) gained 27% Thursday after a new resource estimate defined a high-grade core zone at the Zeus project in Nevada’s Clayton Valley.

An update to Winsome Resources‘ (ASX: WR1) Adina lithium project in the Eeyou Istchee James Bay region of Quebec raises the resource estimate by 33% over the previous estimate in 2023.

Brazil-focused Sigma Lithium (TSXV: SGML; NASDAQ: SGML) announced on Wednesday that it has bumped up proven and probable reserves at its flagship Grota do Cirilo hard rock lithium mine by 40.5%. Shares rose slightly.

Savannah Resources (AIM: SAV) has announced a significant resource upgrade for the Barroso lithium project in Portugal, with 93% of resources now in the indicated category.

Li-FT Power (TSXV: LIFT; US-OTC: LIFFF) reported on Tuesday one of its strongest assays yet of 1.34% lithium oxide (Li2O) over 35 metres at its Big East target near Yellowknife, as it eyes an initial resource for Q3.

Pan American Energy (CSE: PNRG; US-OTC: PAANF) reported on Friday assays as high as 2.75% lithium oxide (Li2O) over 1 metre from its Big Mack project in northwestern Ontario, comparable with Avalon Advanced Materials’ (TSX: AVL; US-OTC: AVLNF) Big Whopper deposit.