Latest Lithium News

TG Metals has reported high-grade lithium intercepts at its Burmeister deposit, including 12.35 metres at 1.53% Li2O and individual intervals above 2%. Six composite samples also exceeded the company’s nominal direct shipping ore specification, although the project remains at an inferred-resource and pre-feasibility stage.

Zhejiang Huayou Cobalt has completed its acquisition of Elevra Lithium’s rights in Atlantic Lithium’s Ghana portfolio, securing a 22.5% interest and assuming key project obligations. Huayou will sole-fund a further US$66 million of development costs to earn an additional 27.5% interest in Ewoyaa.

Elevra Lithium has completed the sale of its Ghanaian Ewoyaa project interest to Zhejiang Huayou Cobalt for US$71 million in cash before fees and taxes. The deal removes its development funding obligations and transfers its spodumene offtake rights, leaving the company more focused on its North American portfolio.

Argosy Minerals has completed FEL-3 preliminary engineering for the evaporation and crystallisation circuit at its 12,000tpa Rincon Lithium Project in Argentina. The work gives the company a more mature design basis for the project’s definitive feasibility study, but updated economics and financing remain outstanding.

European Metals has given in-principle approval to replace Cinovec’s two gas-fired rotary kilns with a single kiln that can run on gas or electricity. Testwork indicates comparable or improved lithium recovery at lower temperatures, with expected reductions in processing-plant capital and operating costs.

European Lithium has completed the shareholder and optionholder meetings on Critical Metals Corp.’s proposed acquisition, but the verified poll results were not included in the announcement. Proxy votes showed overwhelming support for both schemes, leaving Court approval and final conditions as the next hurdles.

European Lithium has set the exchange ratio for its proposed merger with Critical Metals Corp. at 0.045 CRML shares for each EUR share, after CRML’s reference price fell at or below the deal’s US$8 floor. Securityholders vote on the schemes tomorrow, with court approval and other conditions still outstanding.

Lithium Plus Minerals has outlined a six-year underground direct shipping ore operation at Lei with a post-tax NPV of A$325 million and initial project capital of A$87.7 million. The attractive economics remain dependent on approvals, funding, resource conversion and a lithium price assumption that is not secured by a binding contract.

Core Lithium has reported its longest mineralised intersection yet at the Blackbeard prospect, with diamond hole NMRD104 returning 92m at 1.25% Li2O. The result strengthens evidence of continuity near the Finniss processing plant, although assays remain pending and Blackbeard has no Mineral Resource.

European Lithium has secured a date for the Supreme Court of Western Australia to consider approval of its proposed acquisition by NASDAQ-listed Critical Metals Corp. Several transaction conditions have been satisfied, waived or appear on track, but securityholder votes and court approval remain outstanding.

PLS has approved the A$1.9 billion P2000 expansion, targeting roughly 2 million tonnes a year of spodumene concentrate from Pilgangoora by 2029. The investment comes alongside a 31% increase in contained lithium reserves and a separate underground growth option.

Core Lithium has moved Finniss into the next phase of its restart, producing first spodumene concentrate and targeting an initial shipment in the December quarter. The company ended September with A$199.7 million in cash, while BP33 development and high-grade exploration continued in parallel.