Albemarle Corporation (Free Report) announced that it will set up its lithium mega-flex facility in Chester County, SC. The new hydroxide facility will include an initial investment of $1.3 billion or more, enabling the company to meet the increasing demand for electric vehicles and lithium-ion batteries. Albemarle’s Mega-Flex plant will process various lithium feedstock, that includes recycled batteries, to manufacture...
Lithium de France has successfully completed its latest funding round, raising EUR 44 million after equity was allotted to institutional buyers including Arverne Group, Equinor Ventures and Hydro. It is worth nothing that Arverne Group, the main investor in Lithium de France, implements geothermal projects in France, Equinor Ventures is a subsidiary of Norwegian oil and gas corporation Equinor, which...
Recharge Metals is pivoting towards lithium exploration with its acquisition of intriguing Express project in the heart of Quebec’s James Bay region – an emerging lithium district. The large-scale project, which covers 73.5km2, has reported outcropping pegmatites and is interpreted to be within a spodumene-bearing pegmatite trend that hosts the high-grade James Bay Deposit and Pontax Lithium Project. However, the...
Lithium de France, a pioneer in geothermal heat and lithium headquartered in Bischwiller in Northern Alsace, France, has successfully finalized its Series B for an amount of 44 million. This follows a previously reported Series A funding round that will finance the company’s work on extracting lithium from geothermal brine. The capital increase will be subscribed by its main shareholders,...
Elektros (OTC PINK:ELEK), an emerging leader in the electric mobility industry, announced it has begun talks with Lithium mining project in Sierra Leon, Africa. Elektros announced it has begun discussions regarding potential stake or development agreement for virgin Lithium mining project located in Sierra Leon, Africa. The Company has begun a mining feasibility study on the project and will explore...
In February, the Iranian Industry, Mining, and Trade Ministry announced that they had discovered one of the largest lithium reserves in the world. The discovery was made in western Hamedan Province and is estimated to hold up to 8.5 million tons of the element. Iran’s industry officials suggest that the country could hold up to 10 percent of the world’s...
China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade, according to UBS AG. The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022. That would lift China’s share of the mineral critical...
China Natural Resources has agreed to acquire Williams Minerals, the operator of a lithium mine in Zimbabwe, from Feishang Group and Top Pacific (China). The deal comes amid surging global demand for lithium, which is used in batteries for electric vehicles (EVs). Feishang Group owns a 70% stake in Williams Minerals while Top Pacific (China) holds a 30% interest. Feishang...
CATL (300750.SZ), the world’s largest battery maker, has sold its nearly 5% stake in Australian lithium producer Pilbara Minerals Ltd (PLS.AX) for A$601 million ($405.31 million), according to a term sheet reviewed by Reuters on Thursday. CATL bought its 4.9% holding for A$0.30 cents a share in the depths of the 2019 lithium downturn. It sold the stake, representing 146...
Ebrahim Ali Molabeigi, the Iranian industry ministry’s official said, “The discovery of the first lithium reserve in Hamedan province is promising news which signals the possibility of other reserves in the western Iranian province.” The industry official said the lithium reserve is about 8.6 million tonnes, adding, “In today’s world, this strategic and valuable metal is of great importance in...
