Latest Lithium Sector News

First Lithium Limited is on the cusp of securing critical mining license renewals in Mali and anticipates releasing its maiden Mineral Resource Estimate this quarter, while managing funding and exploration cost pressures.

Corazon Mining has completed the sale of its remaining interest in the Miriam Project, appointed Simon Coyle to its board, and continues to push exploration in Canada and Australia amid a strategic review.

Global Lithium Resources has made significant progress on its Manna Lithium Project, advancing its Definitive Feasibility Study and securing a key variation to its offtake agreement with Canmax. The company also reported a substantial reduction in its cash burn rate, maintaining a strong cash position.

Piedmont Lithium has outlined the detailed timetable for its merger with Sayona Mining, marking a significant restructuring in the North American lithium supply chain. The merger will culminate in Piedmont’s delisting from Nasdaq and ASX, with Sayona shares taking center stage.

Mandrake Resources reports progress on its Utah Lithium Project, highlighting a 3.3Mt inferred lithium resource and new brine flow modelling to target high-grade zones. The company maintains a strong cash position while exploring strategic growth opportunities.

Chariot Corporation Ltd is set to acquire a 66.7% interest in a substantial Nigerian lithium portfolio, marking a strategic entry into Africa’s burgeoning lithium sector with a US$10 million funding commitment.

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.

Argosy Minerals has successfully raised $2 million through an oversubscribed placement, signaling strong investor confidence as it advances development at its Rincon Lithium Project and explores strategic opportunities at Tonopah in the USA.

Argosy Minerals has addressed a sharp rise in its share price and trading volume, attributing the surge to a recent lithium carbonate sales contract and growing strategic partner interest.

Argosy Minerals has executed a spot sales contract for 60 tonnes of battery-grade lithium carbonate from its Rincon project, locking in a price tied to the SMM benchmark. This deal underscores the company’s emerging role in the resurging lithium market.

Neometals’ joint venture Reed Advanced Materials has signed a non-binding MoU with Rio Tinto to collaborate on advancing the ELi Process, a lithium hydroxide production technology promising significant cost and environmental benefits.

Wildcat Resources has announced a A$5 million on-market share buy-back, leveraging its strong cash position to enhance shareholder value and capital structure amid optimism for its Tabba Tabba Lithium Project.