Latest Lithium Development News

Prairie Lithium has retracted its previous production target citing compliance issues, while announcing a binding offtake agreement with South Korea’s Hydro Lithium for its Phase 1 lithium output. This move signals a strategic shift towards selling intermediate lithium products to reduce costs and accelerate market entry.

Prairie Lithium has begun installing grid power infrastructure at its Pad #1 site in Saskatchewan, marking a crucial step toward commercial lithium production with reliable, low-cost electricity.

Venari Minerals has announced a maiden inferred Mineral Resource Estimate of 3.03 million tonnes of Lithium Carbonate Equivalent at its Red Mountain Lithium Project in Nevada, positioning it as a major new lithium contender in North America.

Chariot Resources reports promising high-grade lithium assays in Nigeria and advances US exploration with 32 new drilling targets, while securing strategic MOUs for financing and offtake.

5E Advanced Materials has successfully priced an upsized and oversubscribed US$36 million public offering, aiming to accelerate its boron and lithium development projects. The capital raise underscores investor confidence as the company advances its clean energy materials strategy.

Winsome Resources has agreed to be acquired by Li-FT Power Limited in a deal offering a substantial premium to shareholders, backed by strong lithium exploration results and strategic partnerships.

Fulcrum Lithium has secured permits for an extensive Phase 3 drilling program at its Alkali Flats project in Nevada, aiming to expand and refine its lithium resource amid a robust market rally.

Power Minerals has terminated its joint venture with Navigate Energy on the Rincon Lithium Project, opting to retain full ownership and seek new partners amid a buoyant lithium market.

Wildcat Resources has significantly extended lithium mineralisation at its Bolt Cutter Central discovery, reinforcing its vision for a major lithium hub in Western Australia's Pilbara region.

Li-FT Power has signed a definitive agreement to acquire Azimut Exploration's 50% interest in the Galinée lithium property, a crucial step enabling its planned takeover of Winsome Resources. This deal strengthens Li-FT's position in Quebec's lithium sector alongside Winsome's flagship Adina project.

Lake Resources has secured a crucial environmental management plan approval for its Kachi Lithium Project, marking a significant step toward final environmental impact assessment clearance and sustainable lithium production.

Lake Resources has disclosed an inadvertent breach of ASX Listing Rule 7.1 related to the timing of share issuance under an agreement with Acuity Capital. The company is taking steps to strengthen governance and prevent future errors.