Latest Lithium Extraction News

Vulcan Energy Resources has reached financial close on its €2.2 billion Lionheart Project financing, unlocking funds and accelerating construction across its integrated lithium and renewable energy facilities in Germany.

Prairie Lithium has advanced its Saskatchewan lithium project with the delivery of North America’s largest commercial Direct Lithium Extraction unit and a binding offtake agreement securing 100% of Phase 1 production.

Deterra Royalties reported a record A$61.8 million iron ore royalty revenue from Mining Area C in the June 2026 quarter, alongside significant progress at the Thacker Pass lithium project with US$1.21 billion drawn from a US Department of Energy loan.

Lake Resources has raised A$3.8 million through an at-the-market placement priced above recent trading levels, earmarked for environmental and power optimisation work at its Kachi lithium project.

Anson Resources has applied to acquire 1,175 acres of lithium-rich brine mineral rights in Utah, aiming to boost its Green River Lithium Project and support a JORC resource upgrade in Q3 2026.

Vulcan Energy has kicked off civil construction at its Lionheart geothermal power plant in Landau, marking a key milestone in its integrated lithium and renewable energy project targeting 24,000 tonnes of lithium hydroxide annually.

Anson Resources has secured the initial tranche of a AUD 7.2 million facilitation fee from POSCO, advancing the Green River Lithium Project’s Direct Lithium Extraction demonstration plant in Utah.

Mandrake Resources has secured key agreements to produce lithium brine from its Utah project and plans a significant drilling campaign in Australia, supported by strong cash reserves.

Argosy Minerals has successfully concentrated lithium brine from its Rincon project by up to six times in pilot-scale evaporation tests, bolstering confidence in its Definitive Feasibility Study and production targets.

Pursuit Minerals has reported promising early results from its DDH-3 drillhole at the Mito tenement, recovering highly saline brines consistent with its geological model and supporting the potential for significant lithium resources.

Vulcan Energy has received the first tranche of equity funding from its €2.2 billion financing package for the Lionheart lithium and geothermal project, confirming progress aligned with its construction schedule.

Prairie Lithium has taken a major step toward commercial lithium production with the arrival of North America’s largest Direct Lithium Extraction unit at its Saskatchewan project, underpinning its Phase 1 launch and revenue path.