Exclusive: Brazil mineral rights dispute casts shadow on Sigma Lithium expansion -by Fabio Teixeira (Reuters – September 28, 2023)

https://www.reuters.com/

RIO DE JANEIRO, Sept 28 (Reuters) – A Brazilian court injunction is halting the sale or mining of two plots of land where takeover target Sigma Lithium (SGML.V) is planning open pits, according to court documents seen by Reuters.

Vancouver-based Sigma Lithium is one of the hottest names in Brazil’s budding lithium sector – a pioneer in sustainable mining practices and, according to the firm, a potential acquisition target for some of the world’s top carmakers.

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Questions linger a year after Canada placed curbs on foreign companies to protect critical minerals – by Naimul Karim (Financial Post – September 24, 2023)

https://financialpost.com/

Industry uncertainty remains with Ottawa’s divestment orders dominating discussions in the mining world over the past year

Canada shocked its mining sector a year ago with a policy that changed the way the industry viewed investment opportunities from foreign businesses. The policy, released in October, made it more difficult for foreign businesses, either owned or influenced by “non-like-minded” nations, to own or take a stake in Canada’s critical minerals sector, saying that such a situation could be considered “injurious to national security” under the Investment Canada Act (ICA) and, therefore, trigger an extended government review.

Canada considers 31 minerals, including lithium and copper, as critical due to the key roles they are expected to play in the gradual transition away from energy produced from fossil fuels.

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$67 Billion of Rare Minerals Is Buried Under One of the World’s Biggest Carbon Sinks – by Vipal Monga (Wall Street Journal – September 28, 2023)

https://www.wsj.com/

A fight is brewing in Canada about how, or whether, to dig out materials essential for EV batteries that lie deep beneath vast peat bogs

The pace of the global transition to electric power depends on the future of a remote region in Canada known as the Ring of Fire.

Located underneath a distant, swampy expanse of spruce forests and meandering rivers in Northern Ontario that is cut off from major roads, the Ring of Fire is seen by industry and government officials as one of the world’s most important untapped sources of nickel, copper and cobalt—metals essential for making the batteries that power electric vehicles.

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Tracking Quebec’s next lithium mines – by Blair McBride (Northern Miner – September 26, 2023)

https://www.northernminer.com/

As Canada’s emerging hotspot for lithium development, Quebec hosts almost half the country’s 409 active lithium projects and its most advanced projects. That includes Canada’s second producing lithium mine (outside Sinomine’s Tanco operation in Manitoba): Sayona Mining (ASX: SYA; US-OTC: SYAXF) and Piedmont Lithium‘s (NASDAQ: PLL; ASX: PLL) North American Lithium project, which started production in March.

The Northern Miner built an infographic comparing the progress of five top lithium projects in La Belle Province, tracking progress across key milestones from 2018. Quebec’s next producing mine looks to be a tie between Sayona and Piedmont’s nearby Authier project, and Livent (NYSE: LTHM) and Nemaska Lithium‘s (TSX: NMX; US-OTC: NMKEF) Whabouchi operation.

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Ontario Teachers’ Bid for Lithium Stake on Hold After Lawsuit – by Jacob Lorinc and Paula Sambo (Bloomberg News – September 27, 2023)

https://www.bnnbloomberg.ca/

(Bloomberg) — A dispute between two mining firms has cast uncertainty on a Canadian pension fund’s bid to invest in one of the world’s largest lithium projects.

Ontario Teachers’ Pension Plan was nearing a deal to buy a bundle of battery metals royalties from New York-based Orion Resource Partners that includes a royalty on future revenues from the Thacker Pass lithium project in Nevada, according to people familiar with the matter.

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NEWS RELEASE: Ring of Fire Metals, Wyloo Metals, Mincor Resources combine to become major nickel player, “Wyloo” (Wyloo – September 27, 2023)

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Ring of Fire Metals, Wyloo Metals and Mincor Resources and will unify under the brand name Wyloo after becoming the largest pure-play nickel company outside of Russia. Wyloo Metals’ acquisition of Mincor Resources, completed last month, makes Wyloo a producer of high-grade nickel sulphide from its newly acquired Cassini and Northern Operations mines in Kambalda, Western Australia.

The new name also applies to Wyloo’s Canadian subsidiary, formerly Ring of Fire Metals, which owns the high-grade Eagle’s Nest project and the only material chromite resource in North America, in the Ring of Fire region in northern Ontario, Canada.

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Climate targets threatened by lack of mining investment: McKinsey – by Cecilia Jamasmie (Mining.com – September 27, 2023)

https://www.mining.com/

Soaring demand for metals and minerals needed to achieve a reduction in global emissions, paired with low commodity prices driving investors and mining firms to cut spending are set to cause major shortages of key elements for the world’s energy transition, a new report shows.

According to consultancy McKinsey & Company, looming supply gaps for rare earths, lithium, nickel, graphite, cobalt, boron and copper could lead to higher prices and market volatility, hindering emissions goals.

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A recent report on DRC’s Kolwezi shows the cobalt capital’s dark side – by Chinedu Okafor (Business Insider Africa – September 26, 2023)

https://africa.businessinsider.com/

The Democratic Republic of the Congo’s Kolwezi town earned the moniker “cobalt capital of the world” due to its abundance of the material. One of the reasons the DRC contains over half of the world’s cobalt deposits and is responsible for 70% of worldwide production is the town in the country’s southern Lualaba Province.

In terms of copper deposits, the DRC ranks seventh in the world. According to the IEA, cobalt is a crucial mineral in most lithium-ion batteries, a key component in the energy transitions the world is moving toward, while copper is the mineral most frequently utilized in “clean energy” technologies.

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Sweden’s Northvolt picks Quebec for new multibillion-dollar EV battery factory – by Nicolas Van Praet and Jeffrey Jones (Globe and Mail – September 27, 2023)

https://www.theglobeandmail.com/

Northvolt AB, a supplier of electric-vehicle batteries to Volkswagen and BMW, has picked Quebec to host a new multibillion-dollar factory as the Swedish manufacturer pushes into North America.

Executives with the Stockholm-based company will join political leaders from the Quebec and federal governments for a formal announcement Thursday in Montreal to detail their plans, according to two sources briefed on the event. The Globe and Mail is not naming the people because they were not authorized to discuss the information.

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Ring of Fire Metals CEO responds to environmental concerns – by Nicole Stoffman (Timmins Daily Press – September 27, 2023)

https://www.timminspress.com/

Says mining on high ground means minimal impact on peatlands

Kristan Straub provided an update on the development of the Eagle’s Nest Project within the Ring of Fire at a State of Mining luncheon at the Dante Club on Tuesday. Eagle’s Nest is an undeveloped high-grade nickel sulphide project and chromite deposit 400 kilometres northeast of Thunder Bay, and is set to be the first critical minerals deposit to be mined in the Ring of Fire region.

The Ring of Fire comprises 5,000 square kilometres, and is rich in critical minerals such as: high-grade nickel, copper, cobalt, platinum group elements and chromite. Critical minerals are so called because they have specific applications in industry and technology and have few substitutes. They are subject to geopolitical and environmental risk because they are geographically concentrated. The world’s biggest supplier of Nickel is Indonesia.

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Canada sees China as less ‘dependable’ partner on critical minerals, minister says (Reuters – September 26, 2023)

https://www.reuters.com/

LONDON, Sept 26 (Reuters) – Canada wants to reach deals with countries that are more “dependable” trading partners than China for the supply and processing of the critical materials needed to power the energy transition, a Canadian minister said on Tuesday.

“Much of the critical mineral resources around the world is controlled by China … We are in a geopolitical universe where China is a trading partner that is probably not as dependable as the countries with whom we share values,” Canada’s Energy and Natural Resources Minister Jonathan Wilkinson said at a Canada-UK critical minerals investment forum in London.

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Lithium Americas and Ioneer Carrying the Weight of all Lithium Clay Deposits on their Shoulders – by Ryan D. Long (Linkedin.com – September 21, 2023)

https://www.linkedin.com/

Introduction

Sedimentary (clay) lithium deposits are formed from volcanic eruptions that deposit lithium bearing volcanic glass and ash (tuffs), which is gradually eroded and leached over time to create a lithium-bearing clay, called smectite. The smectite clays can then be subject to hydrothermal alteration, which increase the lithium content and alters the smectite to illite clay.

Surprisingly over 90% of sedimentary lithium exploration/development projects are located in the US, with an incredible 75% found in Nevada. In general, sedimentary lithium deposits are lower-grade than igneous (hard rock) lithium deposits but higher grade than lithium brine deposits, and in terms of scale (contained LCE) they tend to be larger than igneous lithium deposits but smaller than lithium brine deposits.

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Canada a ‘decade or two’ ahead of West in battle for climate change, says Rio Tinto CEO – by Naimul Karim (Financial Post – September 20, 2023)

https://financialpost.com/

Jakob Stausholm says he hopes to further invest in Canada’s critical minerals sector

Canada is a “decade or two” ahead of other western countries when it comes to addressing climate change, Rio Tinto Ltd.’s chief executive Jakob Stausholm said. The head of one of the world’s largest mining companies said he hopes to further invest in Canada’s critical minerals sector as the company tries to meet its goal of reducing its carbon emissions by 50 per cent by 2030.

“We have to admit we have a significant carbon footprint, and we need to address that,” Stausholm said. “I just think Canada is an amazing opportunity. You have got, historically, a significant amount of renewable energy. You have a very high content of green energy in your electricity. That’s interesting for us.”

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Canadian lithium miners in ‘prime position’ as EV battery race accelerates – Jeff Lagerquist (Yahoo Finance – September 20, 2023)

https://ca.finance.yahoo.com/

Two Canadian lithium producers are top prospects as mining and automotive giants hunt for deals to supply the silvery-white metal for electric vehicle (EV) batteries, according to a CIBC Capital Markets analyst.

Earlier this month, Mohamed Sidib initiated coverage on TSX Venture-listed Rock Tech Lithium (RCK.V) and Frontier Lithium (FL.V) issuing “outperformer” ratings. Sidib also published a lengthy primer on the alkali metal, calling for rising prices due to tight supply as more consumers buy EVs.

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Top Philippine Nickel Miners May Spend $2 Billion in New Plants – by Cliff Venzon (Bloomberg News – September 21, 2023)

https://www.bnnbloomberg.ca/

(Bloomberg) — The Philippines’ two biggest nickel producers are planning to invest about $1 billion each to build processing plants, the companies’ top executives said, boosting the government’s push to develop the Southeast Asian nation’s downstream mineral industry.

Nickel Asia Corp. is eyeing a third high-pressure acid leaching plant near a mining project in Pujada peninsula in southern Davao Oriental province where it is in “final negotiations” to acquire the rights to operate it, President and Chief Executive Officer Martin Antonio Zamora said in an interview on Wednesday on the sidelines of a mining conference in Manila.

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