Articles for tag: 1bn, brine, EMP, lithium, Metals, NPV, PEA, posttax, shares, Viewfield

January 9, 2024

Ron Finklestien

mining

EMP Metals Revolutionizes Lithium Extraction with Groundbreaking PEA Results EMP Metals Revolutionizes Lithium Extraction with Groundbreaking PEA Results

The recent release of EMP Metal’s Viewfield lithium brine project’s Preliminary Economic Assessment (PEA) has reverberated across the mining industry, sending seismic waves through the market. The PEA revealed a post-tax Net Present Value (NPV) of a staggering $1 billion, while also disclosing a pre-tax internal rate of return (IRR) of 55% and a pre-tax NPV of $1.49 billion at an 8% discount rate. The capital cost of the project stands at $571 million, with an additional $52 million contingency, and a promise of repaying the investment over 2.1 years. CEO Rob Gamley expressed his elation, declaring the company’s deep

January 8, 2024

Ron Finklestien

mining

Lithium Junior Kali Metals Rises on ASX Debut Lithium Junior Kali Metals Rises on ASX Debut

Kali Metals’ entrance on the ASX has generated tremendous interest, notably from heavyweights in the local mining sector. The managing director of Mineral Resources, Chris Ellison, showed significant interest through his private company, Wabelo. The success story of Kali Metals, a spin-off of Kalamazoo Resources (ASX: KZR) and Karora Resources (TSX: KRR) lithium assets, stands in stark contrast to the challenges faced by other Australian juniors. For instance, Core Lithium (ASX: CXO) recently had to cease operations at its Finniss complex due to what it described as “tough” market conditions. Moreover, other small players have found themselves embroiled in a

January 3, 2024

Ron Finklestien

mining

Chilean Government’s Lithium Partnership Chilean Government Forges New Path with Lithium Partnership

President Gabriel Boric’s bold plan mandates that any company seeking to mine lithium in Chile must form a partnership with the government, with the state possessing a controlling stake. The innovative strategy seeks to not only expand lithium extraction but also utilize cutting-edge eco-friendly technology and incorporate the perspectives of local Indigenous communities. Executives from China’s Tianqi, a significant shareholder in SQM, expressed their investment intentions during a meeting in December. Similarly, LG Energy and France’s Eramet indicated their interest in forming alliances, with the latter looking to explore a partnership in its 120,000-hectare lithium concession in the Atacama region.