Articles for tag: JordProxa, lithium, plant, process, project, Rincon, Rio, selects, Tinto

March 14, 2025

Ron Finklestien

mining

Rio Tinto Chooses JordProxa for Lithium Processing Plant at Rincon Project

Rio Tinto Partners with JordProxa for Rincon Lithium Project Rio Tinto (ASX, LON: RIO) has secured a contract with JordProxa to supply an integrated process plant for its Rincon lithium project in Salta province, Argentina. JordProxa, based in Australia, is recognized globally for its expertise in designing custom-engineered solutions and modular processing plants aimed at producing battery chemicals. Contract Details and Technology Integration This contract includes the modular design for key processing technologies. These entail lithium chloride (LiCl) evaporation, lithium carbonate crystallization, and various refining processes like impurity removal, sodium carbonate dissolution, bi-carbonation, de-carbonation, effluent neutralization, and CO₂ recovery. According

May 30, 2024

Ron Finklestien

mining

Arizona Lithium starts production drilling at Prairie project in Saskatchewan

The drilling program, covering a total of three pads, will extend over the next few months. Production and disposal testing of the wells on the first pad is scheduled to start in June, the Australia-based lithium developer said. According to the company, the start of drilling operations would mark the launch of Canada’s first commercial lithium production plant. The initial phase will involve drilling vertical wells to explore the Souris River and Duperow formations for commercial viability. It will then move onto the Dawson Bay formation and specific disposal targets. “These are very deep holes being drilled by a heavy duty oil

April 26, 2024

Ron Finklestien

mining

Alpha drill results expand gold zones at Kerkasha project in Eritrea

Alpha has completed its first stage of more than 6,000 metres in a 20,000-metre drilling program at the site 135 km from Asmara, the capital of the northeast African country. The drilling was designed to test mineralization down plunge of the current mineralized lenses at Aburna, the company said in a release. “Drill hole ABD113 in the Northeast area has further confirmed the plunging high grade mineralized orientation at Aburna, extending the principal shoot down plunge,” president and CEO Michael Hopley said in Friday’s release. “The company is now well funded to accelerate exploration on the Aburna gold prospect as

April 24, 2024

Ron Finklestien

mining

Power Nickel earns 80% of Nisk project in Quebec, adds polymetallic zone

Shares in Power Nickel have soared nearly 60% since it reported the first Lion drill results on April 15. They were up 4% on Wednesday to C41¢ apiece, valuing the company at C$65.6 million ($47.8m). “We have a real sentiment of having found a large prolific area hosting different styles of multi-elements mineralization, each being a smaller part of a much larger system,” Lynch said. “We look forward to ramping up our efforts throughout ’24 and ’25 as we seek to bring these targets to a production decision.” Drill hole PN-24-047 cut 14.4 metres grading of 0.59 gram gold per tonne,

April 24, 2024

Ron Finklestien

mining

American Battery updates assessment of Tonopah Flats lithium project, Nevada

Rather the figures comply with the U.S. S-K 1300, which the company says is “similar to a preliminary economic assessment”. The Tonopah Flats claystone is one of the largest lithium resources in the United States. The measured and indicated resource is 3.16 million tonnes averaging 596 ppm lithium and containing 11.4 million tonnes of lithium hydroxide monohydrate (LHM). The inferred resource is 2.93 billion tonnes averaging 550 ppm lithium, containing 21.2 million tonnes LHM. American Battery believes that over the 50-year mining period, about 540,000 tonnes of claystone will be treated annually. The company plans to use its own dilute

April 24, 2024

Ron Finklestien

mining

Atlantic Lithium touts progress at Ghana’s project

“Key to achieving this milestone is the success of the ongoing permitting process, which is advancing as anticipated,” said executive chairman Neil Herbert in the quarterly update. He noted the current license has yet to be approved by Ghana’s parliament. The company also needs to obtain final permits. Atlantic Lithium highlighted its achievements in the past three months, including receiving strong local community support, completing crucial studies, and engaging with engineering firms for a construction and engineering contract.  One of the most important in the period was securing a $5 million investment from Ghana’s state-owned investment fund, the Australian miner

April 22, 2024

Ron Finklestien

mining

Mayur Resources fully funded for Central Lime project in Papua New Guinea

Under the terms, Appian is providing a $63 million senior facility and a US$7 million royalty on the CLP, along with a $22.2 million over-run facility and $22.2 million for future expansion beyond base case capacity. With near-term production targeted within 18 months of financial close, the CLP is located within Mayur’s Single Factory Special Economic Zone, close to both domestic and overseas markets in Australia and Asia. The project has government support in PNG, creating local jobs and with the potential to meet 100% of domestic quicklime requirements, Appian said in a news release. “CLP is well-positioned to be

April 22, 2024

Ron Finklestien

mining

G Mining buys Reunion’s Oko West gold project in Guyana for $638 million

G Mining plans to use $480 million in near-term free cash flowfrom the permitted and construction-ready Tocantinzinho gold project in Para state, Brazil, to advance Oko West through technical studies to a construction decision. Tocantinzinho is to start annual commercial production of about 200,000 oz. in this year’s second half, the company said. It also announced $50 million in equity financing for the new G Mining. “We are well-positioned to accelerate value creation at Oko West leveraging our unique expertise in building and operating mines on schedule and on budget in the Guiana Shield,” G Mining president and CEO Louis-Pierre Gignac

April 22, 2024

Ron Finklestien

mining

New Found grows portfolio with Labrador’s project buy

The transaction, which includes related mine assets, will be funded by New Found issuing LabGold a number of common shares in the company for C$20 million ($15m) divided by the closing price of the shares on the TSX Venture Exchange on the last trading day before the deal’s closing date. “Kingsway today is reminiscent of Queensway when New Found acquired the project back in 2016 with numerous early discoveries and large swaths of under explored structures that later evolved into significant mineralized zones,” New Found chief operating officer, Greg Matheson, said in the statement. The combined projects have a strike

April 21, 2024

Ron Finklestien

mining

GoviEx plunges as Niger uranium project faces junta deadline

The government, which came to power in a coup last July, rules the continent’s biggest uranium producer after Namibia and has a 20% stake in Madaouela. There’s a risk the junta could revoke GoviEx’s mining permit, the company said on Friday. “The company is committed to developing the project and is working with the Niger government towards a mutually beneficial solution that complies with applicable law and protects the company’s rights,” it said in a release. “While there is no guarantee of the outcome of these discussions, GoviEx is committed to exploring all viable options.” The Vancouver-based company is trying