Power Metals Corp. reports outstanding results from Phase II drilling at its Case Lake Project in Ontario, confirming high-grade cesium, lithium, and tantalum mineralization. Exceptional Cs2O concentrations (up to 20.67%) and significant tantalum grades highlight the project’s world-class potential. Phase III drilling is underway, further enhancing the project’s resource potential.
Albemarle, the world’s leading lithium producer, reported a net loss of $1.1 billion in the third quarter due to a slump in lithium prices. Despite a 16% increase in lithium sales volume, the company announced cost-cutting measures, including workforce reductions, to adapt to the market downturn. While facing challenges, Albemarle remains optimistic about the long-term prospects of lithium demand, driven by the growing EV market and potential support from the new US administration.
Patriot Battery Metals Inc. has been awarded the prestigious ‘Entrepreneur of the Year’ title by the Quebec Mineral Exploration Association (QMEA). The award recognizes the company’s significant progress at its flagship Shaakichiuwaanaan lithium project, demonstrating its commitment to becoming a leading player in the North American lithium market.
Power Metals Corp. reports significant progress in its Phase II drill program at the Case Lake Project (CLP) in Ontario. The program has yielded high-grade mineralization of cesium, lithium, and tantalum, confirming the project’s substantial exploration potential. This article delves into the impressive results, highlights key intercepts, and explores the strategic significance of these discoveries for Power Metals and the global market for critical minerals.
Patriot Battery Metals Inc. announced significant progress on its 100%-owned Shaakichiuwaanaan Property in Quebec, Canada. The company completed an extensive drill campaign, advancing the feasibility study for the CV5 Spodumene Pegmatite, which is expected to be completed in the third quarter of 2025. The drilling program supported the conversion of inferred resources to indicated resources, enhancing the project’s economic viability. Alongside drilling, Patriot Battery Metals conducted geotechnical, hydrogeological, and geomechanical studies, along with surface exploration, all aimed at strengthening the foundation for the feasibility study.
A massive lithium reserve, potentially capable of meeting the U.S.’s EV demands, has been discovered beneath southwestern Arkansas. This discovery could revolutionize the nation’s green tech transition by drastically reducing reliance on foreign lithium imports and bolstering domestic production. The potential for lithium extraction from brine, a by-product of oil exploration, presents a cost-effective and environmentally friendly alternative to traditional mining methods. This development has triggered significant interest from major players like ExxonMobil, prompting a potential surge in lithium production within the U.S.
Lithium Americas Corp. (LAC) shares surged over 19% after the company announced a major investment deal with General Motors (GM) to establish a joint venture for developing the Thacker Pass lithium project in Nevada. This strategic partnership marks a significant step toward securing a domestic supply chain for critical minerals in the U.S., with GM providing $625 million in cash and letters of credit, in addition to a $2.3 billion loan commitment from the Department of Energy.
Rio Tinto, a global mining giant, fell short of analysts’ expectations for third-quarter production across its key commodities. However, the company’s $6.7 billion acquisition of Arcadium Lithium, a move that will position Rio Tinto as a leading global lithium producer, is expected to be a positive long-term play, despite the recent dip in lithium prices.
Lithium Ionic Corp. (LTHCF) has caught the attention of BMO Capital Markets, who have issued an ‘Outperform’ rating and a CA$1.25 per share target price, implying a potential 40% return. The bullish outlook stems from recent drilling results at the company’s Bandeira project in Brazil, which revealed the thickest lithium oxide intercept to date.
Frontier Lithium Inc. has been awarded $6.1 million in funding from the Government of Canada for critical infrastructure projects at its PAK Lithium Project in Northwestern Ontario. The funding, secured through the Critical Minerals Infrastructure Fund (CMIF), will support the development of an all-season mine access road and a power transmission line, crucial for bringing the project to life.
