Lithium Information: 7 Lithium Tales You Missed


Lithium, lithium, lithium — as a lot as we cowl the lithium market, there’s way more to cowl. The lithium market is leaping. Beneath are 7 notable lithium tales we haven’t written about earlier than at present.

Lithium Americas has began development on its Thacker Cross lithium undertaking positioned in Nevada. The Bureau of Land Administration (BLM) supplied the permission to begin development and it’s now underway. The corporate provides: “Thacker Cross is focusing on 80,000 tonnes every year (‘tpa’) of battery-quality lithium carbonate (‘Li2CO3‘) manufacturing capability in two phases of 40,000 tpa, respectively (‘Part 1’ and ‘Part 2’). Part 1 manufacturing is predicted to start within the second half of 2026. The Challenge is predicted to create 1,000 jobs throughout development and 500 jobs throughout operations. Additional data could be discovered within the technical report titled ‘Feasibility Examine, Nationwide Instrument 43-101 Technical Report for the Thacker Cross Challenge Humboldt County, Nevada, USA’ with an efficient date of November 2, 2022 (the ‘Technical Report’), filed on SEDAR below the Firm’s profile on January 31, 2023.” Some have mentioned this undertaking will make Nevada into one thing just like the Silicon Valley of lithium manufacturing. Lithium Americas additionally supplied a extra detailed development replace.

Learn extra right here.

A lithium reserve has been present in Iran for the primary time. In keeping with Iran’s Ministry of Trade, Mining and Commerce, the western province of Hamadan is the place the nation has discovered a lithium reserve for the primary time. They estimate the dimensions of the reserve to be at 8.6 million tons. That’s so much, and it might put Iran 4th on the earth when it comes to identified lithium reserves, solely trailing Bolivia, Argentina, and Chile. Moreover, Ebrahim Ali Molabeigi from the Iranian Ministry of Trade, Mining and Commerce famous, “The invention of the primary lithium reserve in Hamedan province is promising information which alerts the potential for different reserves within the western Iranian province.”

Learn extra right here.

India has additionally gone from virtually no identified lithium provide to a big lithium reserve discovery. The Geological Survey of India (GSI) introduced the invention final month. “The 5.9 million tonnes of Lithium inferred sources have been established within the Reasi district of the northern union territory of Jammu and Kashmir, the GSI mentioned in a press release.” Taking the Iran information above into consideration, this discovery would put India seventh on the earth in identified lithium reserves. Indian has already introduced plans to public sale off blocks of this huge lithium reserve.

Learn extra right here.

The lithium undertaking Lithium One has been transferred 100% to the corporate Joshua Gold Assets Inc. (JSHG / OTC Pink Sheets). “The acquisition offers JSHG full management of 40 contiguous mining claims, of which it beforehand owned 50%.” That is within the province of Ontario, Canada.

“JSHG’s Lithium One property, exhibiting three distinguished areas.”

“The 40 staked claims comprising Lithium One cowl a bunch of three distinguished areas, with an approximate land space of 1600 acres. The staked claims share an analogous sort of terrain the place pegmatite outcrops containing spodumene have been recognized on different potential lithium properties within the Gogama, Ontario space — which has been a hotbed of mineral exploration exercise and residential to a latest staking rush.”

Learn extra right here.

One other lithium undertaking in Ontario, Canada, has moved to the following stage (in a way) by Inexperienced Know-how Metals of Australia gaining the proper to buy the vast majority of the undertaking. Listed below are the essential particulars:

“Inexperienced Know-how Metals Restricted (ASX: GT1) (GT1 or the Firm), a Canadian-focused multi-asset lithium enterprise, is happy to announce that it has signed a binding possibility settlement (Choice Settlement) for an possibility (Choice) to buy an 80% curiosity (80% Choice Curiosity) within the Junior Lake Challenge (Junior Lake or the Challenge) from Landore Assets Canada Inc. (Landore) which comprise 591 staked mineral claims on 10,856 Hectares (109 km²) of tenure positioned adjoining to the Flagship Seymour Challenge (Seymour) in Ontario, Canada.”

For a lot, way more, learn the 30-page report right here.

One of many largest lithium deposits in america has been “recognized” by American Battery Know-how Firm (ABTC). An evaluation by a third celebration has decided that 15.8 million tons of lithium carbonate equal are positioned there. ABTC is a “important battery supplies firm that’s commercializing each its main minerals manufacturing and secondary minerals lithium-ion battery recycling applied sciences” primarily based within the USA. The Inferred Useful resource Report that the corporate commissioned analyzed its lithium deposit at its Tonopah Flats Lithium Challenge in Massive Smoky Valley, Nevada. What they discovered was one of many largest lithium deposits identified to exist within the nation.

The corporate summarizes, “The ABTC Tonopah Flats Lithium Challenge encompasses 517 unpatented lode claims protecting roughly 10,340 acres, and ABTC controls 100% of the mining lode claims comprising the Tonopah Flats property and the rights to all locatable subsurface minerals with none royalties. ABTC started floor sampling of those claims within the Summer season of 2021, and subsequently carried out a number of subsurface drilling applications totaling 12,000 toes of exploration protecting roughly 65% of its property.”

Learn extra right here.

Getting again to Lithium Americas to wrap this lithium roundup up, the corporate lately wrote about its Letter of Substantial Completion from the U.S. Division of Power (DOE) Mortgage Packages Workplace. This issues the Thacker Cross undertaking famous on the prime, however significantly some financing issues. Lithium Americas is making use of for funding from the DOE’s Superior Know-how Automobiles Manufacturing Mortgage Program (ATVM Mortgage Program). The goal is to stand up to 75% of the capital prices for development from the ATVM Mortgage Program’s piggy financial institution.

“We applaud the Biden Administration for his or her efforts up to now and help to safe a home provide chain of important minerals to strengthen our nationwide safety, our economic system and our dedication to sustainability,” mentioned Jonathan Evans, President and CEO. “We’re happy to have the help of each GM and the DOE to speed up the power transition whereas spurring job creation and financial development in America. Over the previous months, we’ve achieved main milestones that enable us to start development and start ordering long-lead gear at Thacker Cross, placing into movement a strong basis for a home lithium provide chain for electrical autos.”

Learn extra right here.

Featured picture courtesy of Lithium Americas


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