Articles for tag: agreement, Avalon, enters, facility, funding, lithium, million, processing

March 18, 2024

Ron Finklestien

mining

Avalon Embarks on $11 Million Investment for Groundbreaking Lithium Processing Venture

Revolutionizing Lithium Processing Exciting news emerged in July 2023 when Avalon unveiled its collaboration with the Finnish mining tech powerhouse, Metso. Joining forces, the two entities aim to establish a cutting-edge lithium processing plant – poised to be the province’s forerunner in battery-grade lithium production. Through this strategic partnership, Avalon gains access to Metso’s advanced technologies, enabling the production of lithium hydroxide cathode materials tailored for the thriving global electric vehicle (EV) market. A Strategic Property Acquisition Prior to this groundbreaking partnership, Avalon sealed the deal on the acquisition of a sprawling 383-acre industrial site. Situated uniquely with direct access

February 29, 2024

Ron Finklestien

mining

Untapped Lithium Reserves Unveiled in Northeast British Columbia

Revolutionizing the Landscape of Energy Extraction Geoscience BC unveils a promising discovery, hinting at the potential to extract lithium from brines in tandem with natural gas endeavors in northeast British Columbia. This groundbreaking revelation ushers in a new era where traditional resource extraction converges with the exploration of critical minerals. An Alliance of Progress The collaborative effort between Geoscience BC, Lithium Bank, Natural Resources Canada, and Northern Development has birthed a comprehensive dataset and mapping resource. This invaluable tool equips industry players, Indigenous communities, government bodies, and local residents with the insights needed to make informed decisions in the realm

February 26, 2024

Ron Finklestien

mining

The Fast Track to Lithium: Patriot Battery Metals’ Corvette Project Revs Up Production

Patriot Battery Metals’ Corvette project is a testament to vision and perseverance in the red-hot world of lithium mining. CEO Ken Brinsden, a seasoned hand in the industry, sees the project not just as a mineral deposit, but as a crucial link in the chain powering the global energy transition. With the backing of key investors and a treasure trove of lithium resources waiting to be tapped, the stage is set for Patriot to make a significant impact. COO Blair Way at the Corvette site performing winter prospecting. Credit: Patriot Battery Metals From the shift in leadership to the significant

February 7, 2024

Ron Finklestien

mining

Li-Metal Revolution: A Game-Changer for Green Lithium Production Li-Metal Revolution: A Game-Changer for Green Lithium Production

In a groundbreaking move, Li-Metal has completed a concept study for the world’s first carbonate-to-metal lithium plant, set to revolutionize green lithium production for future electric vehicles. Environmental Sustainability at its Core The concept study yielded promising results, affirming the feasibility of the vision and highlighting the potential to significantly reduce harmful chlorine gas by-product, while anticipating minimal greenhouse gas (GHG) emissions on a commercial scale. Li-Metal CEO Srini Godavarthy expressed enthusiasm, emphasizing the positive impact on environmental sustainability. He stated, “The results of the study corroborated the viability of our vision and, importantly, further demonstrated that, in addition to

February 2, 2024

Ron Finklestien

mining

C-Level Appointments and Board Changes in Mining Industry C-Level Appointments and Board Changes in Mining

Lithium Ionic has named Mike Westendorf as its new VP Technical Services. The company’s move mirrors a strategic shift that implies a possible sparkle in its future endeavors. Radio Fuels has appointed Philip O’Neill as CEO and a director, signifying the possibility of a new fuel for the company’s growth in the industry. Vizsla Silver has welcomed Simon Cmrlec as the new Chief Operating Officer, marking a fresh chapter in the company’s operations like the unearthing of a rare and precious mineral. Western Uranium and Vanadium has promoted Michael Rutter to the position of COO and welcomed Bruce Norquist as

January 31, 2024

Ron Finklestien

mining

Sigma Lithium project in Brazil just got 27% bigger

Sigma Lithium Expands Project in Brazil Market Dynamics and Strategic Review With lithium prices plummeting by over 80% from their early 2023 peak and the market reeling from fluctuating expectations, both global giant and local niche producers are being blindsided. Amidst these turbulent times, Sigma Lithium initiated a comprehensive review of its business last year. Eye-catching Interest and Strategic Expansion In a move that shakes up the industry, Sigma Lithium disclosed that it had been approached with compelling expressions of interest for the acquisition of the company, its subsidiary Sigma Brazil, and the Grota do Cirilo project at the tail

January 29, 2024

Ron Finklestien

mining

Albemarle Faces Layoffs Amid Weak Lithium Prices Albemarle Faces Layoffs Amid Weak Lithium Prices

Amid a surplus of 200,000 tonnes of lithium carbonate equivalent, comprising a staggering 17% of global demand, Goldman Sachs dauntlessly anticipates that this dismal scenario will prompt producers, predominantly those from Australia, to substantially curtail output to restore equilibrium in the market. The US-based lithium juggernaut recently divulged its contemplation on how to sustain growth, slash expenses, and streamline cash flow amidst the prevailing market adversities. This announcement was coupled with a projection of layoffs, and a decision to defer expenditure on various projects, including a colossal refinery endeavor in South Carolina. As reported on Monday, Albemarle’s workforce reduction has

January 24, 2024

Ron Finklestien

mining

Ghana secures 5% stake in Atlantic Lithium

Ghana’s Significant Investment in Atlantic Lithium Ghana’s Strategic Move Recently, Ghana Investment Funds for Electronic, Electrical and Automotive Industries (MIIF) has taken a substantial 5% stake in Atlantic Lithium. Not stopping there, the move also grants MIIF a remarkable 6% in Ewoyaa, a mining project with auspicious prospects. Ewoyaa is anticipated to churn out an annual average of 3.6 million tonnes of spodumene concentrate or 350,000 tonnes, over its 12-year mine life. This propels it to a position among the world’s 10th-biggest projects according to Atlantic Lithium. Captaining this strategic ship, Edward Nana Yaw Koranteng, the CEO of MIIF, declared,

January 23, 2024

Ron Finklestien

mining

Nevada Sunrise’s Gemini: A Game-Changer in US Lithium Resources

The Discovery Unveiled Striking gold in the mining world, Nevada Sunrise, with no small degree of pride, revealed the results of their drilling in the Gemini property. A treasure trove in the Lida Valley, the drilling brought to light clays mineralized with lithium, showcasing stellar geological continuity. The inference? An impressive resource estimation for lithium carbonate dwelling within the clays. Staggering Figures The numbers are almost fantastical. The drilling unearthed approximately 1.3 million tonnes of lithium, which translates to a whopping 7.1 million tonnes of lithium carbonate equivalent. All this, neatly ensconced within 1.2 billion tonnes of mineralized clay, boasting

January 23, 2024

Ron Finklestien

mining

Codelco’s Strategic Move into Lithium Market Codelco’s Strategic Move into Lithium Market

The Maricunga project, located within the so-called lithium triangle in northern Chile, is estimated to contain about 1.9 million tonnes of lithium carbonate equivalent (LCE). The transaction, which now only needs the Federal Court of Australia’s backing, is expected to conclude on Feb. 23, Codelco said. Chairman Máximo Pacheco expressed enthusiasm about the purchase, stating, “With this purchase, Codelco moves forward with its mandate of becoming leaders in the production of critical minerals for the energy transition.” Chile gave the copper giant a key role in the new public-private model for the sector, announced in April last year, which calls