Latest Battery Minerals Sector News

Summit Minerals has closed its entitlement offer with just over a third of shares taken up, leaving a significant shortfall to be allocated by the underwriter. The funds raised will support exploration in Brazil and corporate activities.

Charger Metals NL has reported a maiden inferred lithium resource of 8.2 million tonnes at its Lake Johnston project, backed by Rio Tinto's $1.1 million exploration funding. A new drilling program is underway, aiming to expand lithium and gold prospects in Western Australia.

Liontown Resources has secured a one-year deferral on debt repayments to Ford and halved its spodumene concentrate commitments, unlocking new sales opportunities amid evolving lithium markets.

Summit Minerals reports promising initial soil sampling results from its Equador Project in Brazil, confirming a significant 4km+ geochemical anomaly and discovering a new niobium-tantalum bearing pegmatite outcrop. Further assays and metallurgical testing are underway to refine exploration targets.

Mineral Commodities Ltd faces ongoing delays in the sale of its Skaland Graphite asset amid partial payments and defaults, while advancing negotiations to fully acquire the Munglinup Graphite Project. Operational challenges and financial pressures underscore a pivotal phase for the company’s battery minerals strategy.

Pantera Lithium Limited has agreed to sell its Smackover lithium brine project in Arkansas to Energy Exploration Technologies for A$40 million, combining cash and stock consideration while retaining equity exposure to the lithium sector.

Zenith Minerals has opened a fully underwritten $3.5 million entitlement offer, inviting shareholders to subscribe for new shares with free attaching options, aiming to bolster its gold and lithium exploration projects.

Lodestar Minerals has updated its investor presentation highlighting encouraging early drilling results from its Chilean IOCG and porphyry copper projects, alongside a clear roadmap for upcoming exploration activities.

Lithium Energy Limited has secured unconditional shareholder approval for the amended sale of its Solaroz Lithium Brine Project, with completion now staged over two tranches through January 2026. Meanwhile, the company prepares for the Axon Graphite spin-out IPO, navigating an ongoing ASX trading suspension due to operational thresholds.

Strike Resources reports steady progress on its high-grade Apurimac Iron Ore Project in Peru, alongside key developments in its Lithium Energy investment and sale agreement.