Latest Lithium Brine News

Neometals faces uncertainty over $7.5 million owed from its Tranche 2 placement but gains financial flexibility through a new $2 million standby debt facility with a former chairman's company.

Lake Resources has completed a A$1.1 million at-the-market equity raise at a 7.6% discount, directing funds towards advancing environmental and power optimisation efforts at its Kachi lithium project.

Mandrake Resources has started extracting bulk lithium brine from the Evelyn Chambers #1 well, advancing its Utah Lithium Project and providing critical data for future development.

Patagonia Lithium’s Well 8 at the Cilon project hit basement at 485m, delivering promising lithium assays and robust brine flow rates. Plans for porosity testing and a 72-hour pump test are underway to refine resource estimates.

Anson Resources has secured a conditional US$357.7 million incentive package proposal from Utah authorities, potentially easing capital and tax burdens for its Green River Lithium Project and enhancing its financial outlook.

Galan Lithium is set to become a significant lithium brine producer with its Hombre Muerto West project in Argentina, targeting first sales in the second half of 2026. The company boasts a world-class resource, strong fiscal incentives, and a valuation discount to ASX peers.

Mandrake Resources has strategically refined its Utah Lithium Project tenure by securing three key SITLA leases in the project’s central zone and relinquishing marginal blocks, positioning itself for upcoming bulk lithium brine production and technical evaluation.

Patagonia Lithium has received an interim technical report confirming promising porosity and lithium assay results from seven wells, setting the stage for a final resource estimate after well eight completion.

Lake Resources has commenced the last regulatory hurdle for its Kachi Lithium Brine Project in Argentina, with a month-long public consultation underway ahead of an expected environmental approval in September.

Anson Resources has secured 1,175 acres of mineral rights from Utah’s FFSL, boosting its Green River Lithium Project and setting the stage for a resource upgrade and feasibility study.

LE Minerals (ASX:LEL) reported a strong $60.4 million cash reserve as it progresses a $20 million sale and spin-out of its Queensland graphite assets to M Battery Materials. Meanwhile, exploration at its Capricorn Gold-Copper Belt and White Plains Lithium projects continues with mixed early results.

Strike Resources is progressing the sale of a 28.52% indirect stake in its high-grade Apurímac Iron Ore Project for A$5.5 million, while advancing exploration programs and preparing for potential small-scale mining under Peru’s artisanal regime. The company also holds a 27.7% interest in LE Minerals, which is spinning out its Graphite Projects via an IPO.