Lithium – Page 3 – Republic of Mining

New emergency bid to appeal, block huge Nevada lithium mine – by Scott Sonner (Associated Press/ABC News – February 21, 2023)

February 23, 2023

https://abcnews.go.com/

RENO, Nev. – Conservationists are seeking an emergency court order to block construction of a Nevada lithium mine after a U.S. judge directed a federal agency to revisit part of its approval of the plans but allowed construction to go forward in the meantime.

Four environmental groups want U.S. District Judge Miranda Du in Reno to temporarily halt any work at a subsidiary of Lithium Americas’ mine near the Oregon border until they can appeal her ruling earlier this month to the 9th U.S. Circuit Court of Appeals.

Iron ore remains the Pilbara’s sturdy trunk, but greener roots are starting to emerge – by Mark Foreman (Australian Broadcasting Corp. – February 18, 2023)

February 20, 2023

https://www.abc.net.au/

Iron ore looks set to continue its surge in 2023 but the rise of green energy is creating massive opportunities for the Pilbara. Rare earth minerals, lithium, wind and solar are just some of the emerging commodities setting the pace in one of WA’s most productive regions.

Pilbara Development Commission chief executive Terry Hill said the changing landscape was exciting for the region. “One of the really significant changes in the region of the last few years is the diversification in the range of exploration and mineral projects,” Mr Hill said. “One of the ones that is going to come through really strongly this year, and will be at the forefront of growth for the next few years is green energy.”

Nevada’s vast lithium deposits offer economic opportunity, difficult decisions – by Daniel Rothberg (The Nevada Independent – February 19, 2023)

February 20, 2023

https://thenevadaindependent.com/

Nevada, as with other arid parts of the globe such as Chile and Argentina, is awash with lithium. The soft, silvery white mineral is in high demand as a key component of batteries used to power electric vehicles in the transition away from fossil fuel-based economies.

For years, state officials have positioned Nevada as the central node in the domestic lithium supply chain, a place to extract, recycle and market the metal. But the new increasing demand — how it plays out and where mining is permitted — could have major consequences for local communities, the environment, public land and the management of a critical resource: water.

Alberta miner replaces Chinese investor that Ottawa barred from owning Canadian assets – by Naimul Karim (Financial Post – February 16, 2023)

February 20, 2023

https://financialpost.com/

Lithium Chile regrets losing ‘an incredible shareholder,’ COO says

Lithium Chile Inc., one of three Canadian miners affected by Ottawa’s snap decision to block Chinese investment in critical minerals, said the order has been satisfied, although it regrets losing an “incredible shareholder” that supplied valuable expertise.

Chengze Lithium International Ltd. had purchased a 19.4 per cent stake in Lithium Chile, making it one of the Calgary-based company’s largest shareholders. Chengze sold its shares to Gator Capital Ltd., a Toronto-based firm that focuses on investment consulting and asset management. The transaction was completed for about $34.5 million, or 91 cents per share.

Lithium reserve found in Jammu & Kashmir’s Reasi of best quality: Official (Business Standard – February 11, 2023)

February 16, 2023

https://www.business-standard.com/

The country’s first lithium reserve, found in Jammu and Kashmir, is of the best quality, a senior government official said here on Saturday, as upbeat villagers expressed hope the discovery will bring them a bright future.

The 5.9-million ton reserve of lithium, a crucial mineral for the manufacturing of electric vehicles and solar panels, had been discovered in Reasi district by the Geological Survey of India (GSI).

Another ASX-listed lithium explorer is poised to roll the dice in Canada’s battery ecosystem – by Josh Chiat (Stockhead.com – January 27, 2023)

February 16, 2023

https://stockhead.com.au/

The new CEO of ASX lithium hopeful Battery Age Minerals (ASX:BM8) Gerard O’Donovan has seen it all since he first stepped into lithium in 2015, eventually becoming the project manager on the concentrator at Pilbara Minerals’ (ASX:PLS) Pilgangoora mine.

From there he saw the downturn as the new supply brought on by WA miners like Pilbara flooded the market, before leaving to work on Rio’s Winu’s copper-gold discovery, and returned to oversee the rebuild of the Ngangaju plant at Pilgangoora, acquired from PLS’ collapsed neighbour Altura, as the lithium market rose like a phoenix to new heights.

Northwestern Ontario sees the green lithium rush – by Ian Ross (Northern Ontario Business – February 14, 2023)

February 14, 2023

https://www.northernontariobusiness.com/

Lithium exploration activity starts to surge in Nipigon, Red Lake

Northwestern Ontario is becoming a popular place find new sources of lithium as the electric vehicle revolution starts to accelerate. This region hosts a handful of established junior mining players ready to take the next step into mine production with some new players on the scene with more grassroots projects.

Hard-charging Green Technology Metals is running two simultaneous drilling programs at two properties . Since last fall, the Western Australian company has been releasing a steady flow of high-grade lithium results at its Seymour and Root Projects.

Lithium reserve found in Jammu & Kashmir’s Reasi of best quality: Official (Business Standard – February 14, 2023)

February 14, 2023

https://www.business-standard.com/

India’a first lithium reserve, found in Jammu and Kashmir, is of the best quality, a senior govt official said here, as upbeat villagers expressed hope the discovery will bring them a bright future

The 5.9-million ton reserve of lithium, a crucial mineral for the manufacturing of electric vehicles and solar panels, had been discovered in Reasi district by the Geological Survey of India (GSI).

Lithium stock bubble pops for retail investors – by Tom Richardson (Australian Financial Review – February 14, 2023)

February 14, 2023

https://www.afr.com/

Benchmark lithium carbonate prices fell for an eleventh straight day in China on Monday to an 11-month low, as short sellers raised their bets on Australian lithium stocks falling in 2023.

The latest ASIC data shows that five of the 16 most shorted stocks on the ASX are lithium hopefuls, after a younger demographic of retail investors hooked on mobile share trading apps made the same businesses the most popular stocks to own in 2022.

In Bolivia, China Signs Deal For World’s Largest Lithium Reserves – by Joseph Bouchard (The Diplomat – February 10, 2023)

February 14, 2023

https://thediplomat.com/

Members of the Bolivian opposition have questioned whether the deal, which was signed last month between the state firm YLB and three Chinese companies, will benefit the country.

In late January, Bolivia’s Luis Arce government signed a $1 billion agreement with the Chinese firms CATL, BRUNP, and CMOC (CBC) and the Bolivian state company Yacimientos de Litio Bolivianos (YLB) to explore lithium deposits in the South American nation.

The CBC are Chinese firms with past involvement in lithium extraction, battery recycling, and metal mining, respectively.

Caution urged as mining companies eye critical minerals below Quebec boreal forest – by Stéphane Blais (Toronto Star/Canadian Press – February 8, 2023)

February 10, 2023

https://www.thestar.com/

MONTREAL – About one million square kilometres of Quebec is covered by boreal forest, roughly 70 per cent of the entire province. In the north, where ecosystems are less likely to have been altered by human activity, those forests have been accumulating and sequestering immense quantities of carbon for centuries.

“In the boreal environment, the forest decomposes very slowly, even more slowly than in the tropics,“ said Xavier Cavard, who holds a research chair in forest carbon management at the Université du Québec en Abitibi-Témiscamingue.

Volvo in Advanced Talks on Possible Lithium Mining – by William Boston (Wall Street Journal – February 9, 2023)

February 10, 2023

https://www.wsj.com/

BERLIN—Volvo Car AB is in advanced talks with some of the biggest mining companies, including over potential stakes in lithium mining or processing operations, Chief Executive Jim Rowan said, joining the auto-industry-wide race to secure the minerals and metals needed to power electric vehicles.

“Right now, we already have advanced conversations with some of the big miners, as well as the processing factories that process lithium,” Mr. Rowan said, adding that Volvo would decide in the coming months whether to engage in “long-term deals and long-term price negotiations for supply, or whether you want to make an equity investment.”

Frontier Lithium stock jumps as new drill results confirm extended size of Spark deposit – by Staff (Mining.com – February 9, 2023)

February 10, 2023

https://www.mining.com/

Frontier Lithium (TSXV: FL) saw a significant jump in share price on Thursday following the release of additional drill results from the Spark pegmatite, part of the company’s 100% owned PAK lithium project in Ontario.

The new results consist of the remaining seven drill holes from Phase XII drill program that began in May and ended in October. A total of 15,984 metres of drilling in 50 holes were completed during 2022.

Tesla Deal for Lithium From Quebec Could Intensify Housing Shortage in Northern Mining Towns – by Kristian Gravenor (CoStar News – February 6, 2023)

February 10, 2023

https://www.costar.com/

Though surrounded by endless expanses of land, northern mining towns in Quebec are running out of permissible space to build much-needed housing and other property types required for growing cities.

It’s a problem expected to intensify as the region faces an influx of anticipated workers from a major new contract with U.S. manufacturer Tesla and an increase in mining for materials used to make batteries for electric vehicles. Tesla announced a deal last month to buy spodumene concentrate, a source of lithium and important raw material needed for electric vehicle batteries, from the Sayona Mine 560 kilometres northwest of Montreal.

Cree mother wonders how mining development in northern Quebec will affect food supply – by Stephane Blais (CBC Montreal/Canadian Press – February 7, 2023)

February 10, 2023

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

Project would deprive the Cree of certain hunting grounds

Heather House studies full-time through McGill University’s distance education program, and when she is not immersed in books, she is raising her eight children with her husband in Chisasibi, the northernmost community in Quebec accessible by road.

Feeding a family of eight children, two parents, and two elders in such a remote community where grocery prices are among the highest in the country would be a major challenge if it were not for access to the land for hunting, fishing, trapping and berry picking.