Sigma Lithium, a leading producer of sustainable lithium, is preparing for future growth amid fluctuating global interest rates and currency values. The company will participate in the upcoming Benzinga Small-Cap Conference, showcasing its strategies to maintain leadership in the EV battery supply chain while prioritizing sustainability.
Power Metals Corp. is pleased to provide an update on its ongoing Phase II 2024 drill program at its 100% owned Case Lake property in Ontario, Canada. The program is progressing well with the successful completion of eleven diamond drill holes at both the West Joe and Case Lake zones, exceeding the initial target depth. The company is confident in its ability to complete the program ahead of schedule, with assay results anticipated in late October. Furthermore, Power Metals has initiated metallurgical test work to evaluate the cesium mineralization at West Joe, demonstrating their commitment to advancing the project towards commercialization.
Atlas Lithium Corp. (ATLX) is a finalist in a Brazilian sustainability competition for its innovative, modular lithium processing plant. The plant boasts water-efficient design and a significantly reduced environmental footprint. This recognition underscores Atlas’ commitment to environmentally responsible lithium extraction, a crucial metal for the growing electric vehicle market.
Sigma Lithium, a Brazilian lithium producer committed to sustainable practices, has received a $90 million loan from BNDES to construct a second green lithium production plant. This expansion will double Sigma’s production capacity and solidify its position as a leading supplier of environmentally friendly lithium for the electric vehicle market.
Volt Lithium has made a significant step towards commercial lithium production by deploying its first Field Unit in the Permian Basin, Texas. This unit can process over 200,000 liters of oilfield brine daily, doubling the company’s previous processing capacity. Volt aims to scale up its processing capacity to 100,000 barrels per day, capitalizing on the potential of low-grade brine and achieving cost-effective lithium extraction.
Sigma Lithium Corp. announced strong second-quarter earnings, driven by increased lithium sales volume, cost-cutting measures, and a diversified customer base. The company’s focus on operational excellence and premium product quality has resulted in impressive margins and a strong financial position.
Technical analyst Clive Maund provides compelling reasons for a strong buy recommendation on Lithos Group Ltd. (LITSF), highlighting positive divergence in its Accumulation line despite recent price declines. The company’s recent announcement of successful lithium brine tests using its AcQua technology, particularly with SQM, adds significant weight to the bullish outlook. This innovative technology offers a more sustainable and efficient way to produce lithium, attracting interest from major players in the industry.
A federal judge has issued a temporary restraining order against a lithium drilling project in Arizona, halting the project due to its potential impact on sacred lands belonging to the Hualapai Tribe. The tribe, along with environmental groups, argues that the drilling could harm culturally significant springs, while the mining company and the Justice Department claim the tribe exaggerates the potential harm.
Patriot Battery Metals Inc. has released a Preliminary Economic Assessment (PEA) for its Shaakichiuwaanaan lithium project in Quebec, Canada, highlighting its potential to become a major lithium producer globally. The PEA outlines a staged development approach, targeting an initial production capacity of 400,000 tonnes per annum (ktpa) of spodumene concentrate, which could be expanded to 800 ktpa in a later stage. The project boasts high-grade lithium resources, potentially low operating costs, and access to renewable energy, making it a strategically significant asset in the emerging North American and European battery materials supply chains.
BMO Capital Markets analyst Greg Jones has maintained an Outperform rating and a CA$2.00 target price on Lithium Ionic Corp. (LTHCF) following Pilbara Minerals’ announcement of its intention to acquire Latin Resources (LRSRF). Jones believes that Pilbara’s entry into the Brazilian lithium market could be beneficial for Lithium Ionic, potentially leading to a re-rating of LTHCF shares.
