Latest Lithium News

Lithium Plus Minerals has opened a Share Purchase Plan seeking up to A$1 million from eligible Australian and New Zealand shareholders at A$0.10 a share. The funds are earmarked for the Lei Project’s pre-feasibility study, exploration and offtake discussions.

Fulcrum Lithium has launched a non-underwritten share purchase plan seeking up to A$1.5 million at A$0.051 a share, a discount of about 20% to its recent five-day VWAP. The funds are earmarked for drilling and resource work at its Nevada lithium projects.

Pursuit Minerals has executed a non-binding MOU with South Korea’s EcoPro Innovation covering a proposed US$40 million project-level investment and advance funding package for its Rio Grande Sur lithium project. The agreement also contemplates offtake for all initial production, but major financing, technical and approval hurdles remain.

Atlantic Lithium’s Scheme Booklet has been registered with ASIC, putting Huayou’s proposed US$210 million acquisition on the final stretch towards a shareholder vote. BDO backs the deal in the absence of a superior offer, but several regulatory and transaction conditions remain outstanding.

Atlantic Lithium has secured court approval to put Huayou’s proposed acquisition to shareholders, setting a 14 December vote on the scheme. The transaction remains conditional, but the process has now moved from regulatory clearance to shareholder decision.

European Lithium has completed its takeover by Critical Metals Corp, transferring all EUR shares to the US-listed company and issuing eligible holders CRML securities. EUR is now preparing to disappear from the ASX, with the new shares expected to begin trading on Nasdaq on 6 November.

Jindalee Lithium has cleared a key procedural step in its proposed US Elemental transaction, with the SEC declaring the Form S-4 registration statement effective. The McDermitt project still needs shareholder, financing and Nasdaq approvals before the targeted Q4 2026 listing can proceed.

Sigma Lithium has launched a US$100 million convertible bond to replace expensive secured debt and push its main repayment risk into 2029 and 2031. The financing arrives as operations recover from a Brazilian suspension that cut third-quarter production but left the company reporting a 32% gross margin.

Lithium Plus Minerals has secured A$1.6575 million at A$0.10 a share, with cornerstone backing from Suzhou CATH Energy Technologies and a further A$1 million SPP planned. The funding is aimed at moving the Lei direct shipping ore project into pre-feasibility while supporting resource growth and offtake discussions.

European Metals says a single tunnel kiln could cut Cinovec’s capital cost by about US$112 million and operating costs by US$10 million a year, but the savings remain preliminary. The company also has until 13 November to secure EUR6.448 million if it wants to restore its 49% stake in the project vehicle.

Lithium Plus Minerals has outlined a preliminary A$325 million post-tax NPV for its Lei lithium project, alongside a six-year production target and a 34% resource increase. But the ASX explorer ended September with A$1.054 million cash, estimated funding of just 0.78 quarters and plans for an additional equity raising.

Galan Lithium says first lithium chloride concentrate sales from Hombre Muerto West remain on track for Q4 2026, with plant data supporting the planned product quality. Earthworks have also started to lift Phase 1 capacity to 5.2ktpa, although development spending leaves the company with a measured funding runway under its Appendix 5B calculation.