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Lithium

WA’s need for EVs comes at a cost for mining towns – by Isabella Breda (Seattle Times – March 24, 2025)

https://www.seattletimes.com/

THACKER PASS, Nev. — Cody Davis is part of a global energy transition. He mined coal in North Dakota before taking a job at what’s slated to be one of the most productive lithium mines in the world. Davis says miners can help the world dig up resources it needs to expand energy production, including for renewables.

“Mining is what we do,” said Davis, the mine’s operations and safety manager. “Just take that skill set and it’s just a different mineral.” American coal mines are shutting down as coal-fired power plants are yanked offline, making way for cleaner sources of power. Washington state’s last remaining coal power plant in Centralia is set to shutter this year.

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Gates-Backed Explorer Makes Play for Congo Lithium Deposit – by Michael J. Kavanagh and William Clowes (Financial Post/Bloomberg – March 21, 2025)

https://financialpost.com/

KoBold Metals Co., backed by billionaires Bill Gates and Jeff Bezos, has told the government of the Democratic Republic of Congo it wants to develop one of the world’s biggest hard rock lithium deposits.

(Bloomberg) — KoBold Metals Co., backed by billionaires Bill Gates and Jeff Bezos, has told the government of the Democratic Republic of Congo it wants to develop one of the world’s biggest hard rock lithium deposits.

It’s the first major offer by a large US mining company to invest in the central African nation amid early-stage conversations about a potential minerals and security partnership between the two countries.

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Thunder Bay lithium refinery would create ‘hundreds’ of jobs: Fedeli (CBC News Thunder Bay – March 13, 2025)

https://www.cbc.ca/news/canada/thunder-bay/

Frontier Lithium plans to build facility on Mission Island

A proposed lithium refinery in Thunder Bay, Ont., has taken a big step forward, getting support from both the provincial and federal governments.

Frontier Lithium intends to build the facility on Mission Island. It would convert lithium from the company’s PAK mine, located north of Red Lake, into about 20,000 tonnes of lithium salts annually.

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Bolivia’s lithium deals with China, Russia in limbo – by Cecilia Jamasmie (Mining.com – March 13, 2025)

https://www.mining.com/

Bolivia is facing mounting public backlash over contracts signed with Chinese and Russian companies late last year to exploit its vast lithium reserves, with community groups arguing the agreements offer no real benefits to locals.

The controversy led the Bolivian Chamber of Deputies to suspend parliamentary discussions on the deals in February, pending “a thorough information-sharing process with civil society is completed.”

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A $250M investment will help this lithium mine get up and running. That’s bad news for these tribes. – by Anita Hofschneider (Grist.org – March 13, 2025)

https://grist.org/

Tribes have tried and failed to stop the project in court. A new report says it violates Indigenous rights.

A Canadian mining company behind a massive new lithium mine in northern Nevada has received a $250 million investment to complete construction of the new mine — a project that aims to accelerate America’s shift from fossil fuel-powered cars but that has come under fierce criticism from neighboring tribal nations and watchdog groups for its proximity to a burial site.

Lithium Americas is developing the mine in an area known as Thacker Pass where it plans to unearth lithium carbonate that can be used to make batteries for electric vehicles. The area, known as Peehee Mu’huh in the Numu language of the Northern Paiute, is home to what could be the largest supply of lithium in the United States and is also a site that tribal citizens visit every year to honor dozens of Native men, women, and children who fled American soldiers in an 1865 unprovoked attack at dawn.

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Update on top critical mining projects in Ontario – by Diane L.M. Cook (Canadian Mining Journal – March 5, 2025)

https://www.canadianminingjournal.com/

The surging demand for electric vehicles (EVs) is breathing new life into Ontario’s mining industry. Several critical strategic mineral mines will produce the minerals required to manufacture EV batteries and renewable energy storage for the North American market. The following are the top critical strategic minerals’ (CSM) mining projects in the development phase:

Canada Nickel: Crawford nickel sulphide project

Canada Nickel is a Toronto-based company that is advancing the next generation of net-zero carbon nickel-cobalt projects with plans to supply the critical mineral to Canada’s EV battery industry. The company’s Crawford nickel sulphide project is the second largest nickel resource and reserve globally, with 3.8 million tonnes of proven and probable nickel contained.

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Mining the Northwest: Governments’ moves to fast-track critical minerals projects please lithium company – by Ian Ross (Northern Ontario Business – March 7, 2025)

https://www.northernontariobusiness.com/

Ottawa, Queen’s Park prepared to throw their support behind Frontier Lithium’s refinery plans for Thunder Bay

The federal and provincial governments are prepared to financially backstop Frontier Lithium’s proposed refinery in Thunder Bay. The Sudbury company said March 4 that it’s pocketed letters of intent (LOI) from the two orders of government to help fund construction at the former site of the Thunder Bay generating station.

The refinery is part of Frontier’s integrated plan to mine and ship lithium from its PAK Project, located in a remote area north of Red Lake, to Thunder Bay for processing. Frontier stresses these LOIs are non-binding and represent only an “initial step in ongoing discussions with the respective government agencies.” The parties are working toward completing a final term sheet.

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Rio Tinto creates lithium unit after completing $6.7B Arcadium deal – by Cecilia Jamasmie (Mining.com – March 6, 2025)

https://www.mining.com/

Rio Tinto has officially completed its $6.7 billion acquisition of Arcadium Lithium, which will become Rio Tinto Lithium. The newly formed unit will take control of Rio’s $2.5 billion Rincon project in Argentina but will not include the mining giant’s Jadar lithium project in Serbia.

The acquisition of Arcadium, announced in October, marks Rio’s largest deal in more than a decade. It positions it among the world’s largest lithium miners, trailing only US-based Albemarle (NYSE: ALB) and Chile’s SQM.

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Sibanye walks away from Rhyolite Ridge lithium project on weak prices – by Cecilia Jamasmie (Mining.com – February 26, 2025)

https://www.mining.com/

South African precious metals miner Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) has scrapped its planned investment in the Rhyolite Ridge lithium-boron project in the US state of Nevada, due in part to weak prices for the battery metal.

In 2021, Sibanye reached an agreement with Australia’s ioneer Ltd (ASX: INR) to form a joint venture for the project. The Johannesburg-based company was set to invest $490 million for a 50% stake, contingent on various conditions, including a final investment decision by its board.

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How one community in Chile is blessed and cursed with lithium – by John Bartlett (NPR.org – February 23, 2025)

https://www.npr.org/

ATACAMA DESERT, Chile — At the top of a craggy path in Socaire, a hilltop village deep in Chile’s Atacama Desert, a black flag whips in the wind above Jeanette Cruz’s house. The desert sun has bleached it to a dark gray blur, but the defiance it represents remains strong.

Above each house in the village, shimmering in the evening sun, these black flags represent the Indigenous Lickanantay people’s resistance to the lithium mining that many say is tearing their communities apart. The lithium in the brine beneath the brilliant white Atacama salt flat, which stretches out across the valley floor, has become a global resource.

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After Chinese company divested from Calgary lithium firm, mystery firm stepped in – by Darryl Greer (Canadian Press/CBC News Calgary – February 20, 2025)

https://www.cbc.ca/news/canada/calgary/

Application filed for order directing Gator Capital Ltd. to dispose of shares in Lithium Chile

The federal government is going to court to force a Toronto company to sell a $34-million stake in a Calgary-based lithium firm that it bought off a Chinese company.

The government had already deemed the previous Chinese owner’s investment in Lithium Chile Inc. to be harmful to national security, and it says in a Federal Court application that the new buyer has failed to co-operate with efforts to prove it isn’t owned or influenced by China’s government either.

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Rio Tinto clears final hurdles for $6.7B Arcadium Lithium buy – by Cecilia Jamasmie (Mining.com – February 14, 2025)

https://www.mining.com/

Rio Tinto has secured all regulatory approvals to proceed with its $6.7 billion acquisition of Arcadium Lithium, with the transaction set to close in early March.

The US-based lithium producer confirmed on Friday that Australia, Canada, China, Japan, South Korea, the UK, and the United States have approved the deal under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

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Exclusive: China’s BYD holds mining rights in Brazil’s Lithium Valley, documents show – by Fabio Teixeira (Reuters – February 14, 2025)

https://www.reuters.com/

RIO DE JANEIRO-Chinese electric carmaker BYD acquired mineral rights for two plots of land in a lithium-rich part of Brazil in 2023, entering the mining business in its biggest market outside of China, according to public records reviewed by Reuters.

The EV producer’s acquisition of mineral rights in Brazil is its most concrete step so far toward mining strategic minerals in the Western Hemisphere. The previously unreported acquisition of the mineral rights in late 2023 was made by BYD subsidiary Exploracao Mineral do Brasil, which was created in May of that year, documents showed.

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B.C.’s $50M lithium refinery aims to break China’s grip – by Nelson Bennett (Business In Vancouver – February 13, 2025)

https://www.biv.com/

Construction on Mangrove Lithium facility in Delta to begin soon

In 2023, global demand for lithium-ion batteries was forecasted to grow sixfold—from 0.7 terawatt hours to 4.7 terawatt hours—by 2030, driven largely by demand from electric vehicles.

For North America, Japan and Europe, one of the challenges in EV and battery manufacturing will be producing enough battery grade lithium to meet the demand in EV growth, especially now that China has made moves to restrict the export of lithium refining technology.

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Quebec junior miners pocket more than $43 million in federal critical minerals funding – by Ian Ross (Northern Ontario Business – February 7, 2025)

https://www.northernontariobusiness.com/

James Bay explorers cash in to carry out studies on road, power and innovation projects

Ottawa wants Canada to be the lead dog when it comes to developing and expanding its critical minerals value chain. That’s why the federal government is ponying up $43.5 million to advance road, power and research projects in Quebec.

Mining proponents on the eastern side of the James Bay region and northern Quebec were the recipients this week of a stream of program funding through the federal government’s critical minerals strategy. Federal Energy and Natural Resources Minister Jonathan Wilkinson delivered the news on Feb.6.

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