
November 12, 2024
Nevada Lithium Resources Inc. (CSE: NVLH; OTCQB: NVLHF; FSE: 87K) (“Nevada Lithium” or the “Company”) is pleased to provide an updated mineral resource estimate (“Mineral Resource Estimate”) at its 100% owned Bonnie Claire Lithium Project (the “Project” or “Bonnie Claire”), located in Nye County, Nevada. The Mineral Resource Estimate was prepared by Global Resource Engineering (“GRE”) in accordance with Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) definitions, as required under National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) and has an effective date of September 24, 2024. Most notably, the Lower Zone (as defined below) gives an indicated resource of 275.85 million tonnes (“Mt”) at 3,519 parts per million (“ppm”) lithium (“Li”) (5.167 Mt lithium carbonate equivalent (“LCE”)) and 275.85 Mt at 8,404 ppm boron (“B”) (2.318 Mt B), together with an inferred resource of 1,561.06 Mt at 3,085ppm lithium (25.634 Mt LCE).
Nevada Lithium’s CEO, Stephen Rentschler, comments:
“We are excited to announce the impact of the new drilling in the Lower Zone of mineralized lithium and boron at Bonnie Claire. With the significantly increased tonnage and higher grades, Bonnie Claire is potentially unrivaled by other sediment hosted lithium projects in Nevada and is now amongst the largest lithium resources in the world and amongst the highest-grade in Nevada.
Compared to Bonnie Claire’s previous resource report, the new drilling in the Lower Zone has led to a 68% increase in LCE tonnage, at an average grade that has tripled from 1,000 ppm to over 3,000 ppm. It includes intervals where grades exceed 6,000ppm. These increases have occurred using a cut-off grade that has more than doubled to 1,800 ppm. For the first time, we are also able to report a significant high-grade boron resource that we believe further enhances the Project’s value.
The Lower Zone remains open to the NW, NE and SE, for future resource expansion. Furthermore, the new infill drilling has resulted in an indicated resource classification. We are confident that the continuity of the mineralization will allow us to easily upgrade additional resources from the inferred classification into indicated resources and add new inferred resources.
The results from this report will feed directly into ongoing work on an updated Preliminary Economic Assessment (“PEA”) that we are targeting for completion at the end of Q1 2025. This PEA will reflect the increased tonnages and grades reported today. The PEA will also include the metallurgical processes currently being developed by Fluor Enterprises Inc., as reported in our news release dated October 23, 2024.
I would like to offer my congratulations and thanks to Nevada Lithium’s technical team for this tremendous success. Their dedication and vision has led to results that are of global significance and, in my opinion, will lead to future increases in shareholder value.”
Highlights:
- Resources for the deposit have been separated into two zones; a Lower Zone (i.e., mineralization hosted by Lower Claystone and Lower Sandstone units) (the “Lower Zone”) and an Upper Zone (i.e., mineralization hosted by an Upper Claystone unit) (the “Upper Zone”).
- The updated Mineral Resource Estimate includes assays from eleven (11) additional exploration and infill drill holes completed since the 2021 maiden resource estimate. 2023 & 2024 drilling intersected the lower claystone which hosts the high grade (up to 7,160ppm) lithium, and which remains open in three directions. It is reasonably expected that the bulk of inferred resources can be upgraded to indicated through additional infill drilling.
- The Lower Zone gives an indicated resource of 275.85 Mt at 3,519 ppm lithium (5.167 Mt LCE) and 275.85 Mt at 8,404 ppm Boron (2.318 Mt B), together with an inferred resource of 1,561.06 Mt at 3,085ppm lithium (25.634 Mt LCE). This base-case resource is based on a 1,800ppm lithium cutoff, constrained by hydraulic borehole mining (“HBHM”) parameters, and an assumed 60% recovery of the host strata.
- The Upper Zone gives an indicated resource of 188.08 Mt at 1,074 ppm lithium (1.075 Mt LCE) and 152.11 Mt at 1,519 ppm boron (0.231 Mt B), together with an inferred resource of 451.10 Mt at 1,106 ppm lithium (2.655 Mt LCE) and 270.53 Mt at 1,505 ppm boron (0.407 Mt B). This resource is calculated at a 900 ppm lithium cut-off, within a constraining pit shell, and would be mined by conventional open-pit methods
- The 60% HBHM recovery is based purely on a cylindrical cavity and does not account for any improved recoveries from the expected plastic deformation of the deep zone material.
- The updated Mineral Resource Estimate will be included into ongoing work on an updated PEA expected for completion at the end of Q1 2025.
Join Stephen Rentschler, CEO of Nevada Lithium for a LIVE virtual event
to learn more about the Company’s findings and ask questions during the interactive Q&A.
Date and time: Tuesday, November 19th at 1 pm ET / 10 am PT
to learn more about the Company’s findings and ask questions during the interactive Q&A.
Date and time: Tuesday, November 19th at 1 pm ET / 10 am PT
Results and Interpretation
Bonnie Claire consists of a sedimentary package of volcaniclastic origin, laid down in a NW-SE basin striking basin. Lithium and boron mineralization are located within an Upper Zone, hosted within an upper claystone unit encountered by drilling from surface to about 425 ft (130m), and a Lower Zone, hosted within lower claystone and lower sandstone units intersected from 1,500-2,850ft (457-853m). Lithium mineralization appears to be hosted within non-swelling clay phases such as illite, or as lithium carbonate or salt within the sedimentary matrix. Boron mineralization appears to be associated with searlesite, a sodium borosilicate mineral.
While the Upper Zone and Lower Zones exhibit lithium and boron mineralization, they are separated spatially, and exhibit differences in metallurgical behaviour, leading the Company to treat them as two distinct deposits with different mining methods.
Lower Zone
While early exploration concentrated on mineralization in the Upper Zone, the Company has shifted its focus to mineralization in the Lower Zone, hosted in the lower claystone and sandstone units and containing the bulk of lithium and boron. This Lower Zone remains open to the NW, NE and SE. The current plan is to use an underground HBHM method, with a higher 1,800ppm cut-off. The Mineral Resource Estimate for the Lower Zone is presented in Table 1-1 and the sensitivity of the Lower Zone to cutoff grade is presented in Table 1-2.
Table 1-1: Bonnie Claire Lower Zone Mineral Resource Estimate With 60% Hydraulic Borehole Mining Recovery
- The effective date of the Mineral Resource Estimate is September 24, 2024.
- The Qualified Person (as such term is defined in NI 43-101) for the estimate is Terre Lane of GRE.
- Mineral resources are not mineral reserves and do not have demonstrated economic viability.
- Mineral resources are reported at an 1,800 ppm Li cutoff, an assumed lithium carbonate (Li2CO3) price of $20,000/tonne, 5.323 tonnes of Li2CO3 per tonne Li.
- Numbers in the table have been rounded to reflect the accuracy of the estimate and may not sum due to rounding.
Table 1-2: Bonnie Claire Lower Zone Resource Estimate Sensitivity to Cutoff Grade With 60% Hydraulic Borehole Mining Recovery
Upper Zone
The Upper Zone extends from surface to about 425ft (130m) depth and would be mined by conventional open-pit methods, reflected in a lower 900 ppm cutoff. The Mineral Resource Estimate for the Upper Zone is presented in Table 1-3, and the Upper Zone sensitivity to cutoff grade is presented in Table 1.4
Table 1-3: Bonnie Claire Upper Zone Mineral Resource Estimate Within a Constraining Pit Shell
- The effective date of the Mineral Resource Estimate is September 24, 2024.
- The Qualified Person for the estimate is Terre Lane of GRE.
- Mineral resources are not mineral reserves and do not have demonstrated economic viability.
- Mineral Resources are reported at a 900 ppm Li cutoff, an assumed lithium carbonate (Li2CO3) price of $20,000/tonne, 5.323 tonnes of Li2CO3 per tonne Li, 75% recovery, a slope angle of 18 degrees, no royalty, processing and general and administrative cost of $26.52/tonne, mining cost of $3.52/tonne, and selling costs of $100/tonne Li2CO3.
- Numbers in the table have been rounded to reflect the accuracy of the estimate and may not sum due to rounding.
Table 1.4: Bonnie Claire Upper Zone Resource Estimate Sensitivity to Cutoff Grade Within a Constraining Pit Shell
Cautionary Statements Regarding Mineral Resource Estimates:
Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. Inferred mineral resources are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration.
Resource Estimation Parameters
The updated Mineral Resource Estimate for Bonnie Claire was performed using Leapfrog® Geo and Leapfrog® Edge software. Leapfrog® Geo was used to update the geologic model, and Leapfrog® Edge was used for geostatistical analysis and grade modeling in the block model. An oblique view of the block model at Bonnie Claire is illustrated by Figure 1.1
Figure 1.1: Oblique view from southwest of block model for Bonnie Claire generated by Leapfrog® Edge software. Lithium ppm legend to right.
The drill hole database used for the estimation included:
- 21 exploration drill holes, including 8 reverse circulation holes and 11 vertical diamond core holes
- 9,159.54 meters of drilling in exploration drill holes
- 1,898 assay intervals in exploration drill holes
- Minimum grade of 18 ppm Li in exploration drill holes
- Maximum grade of 7,160 ppm Li in exploration drill holes
Cumulative probability plots of lithium and boron assay values did not exhibit grade breaks that would indicate the presence of outlier data, so the data were not capped or clipped. A specific gravity of 1.7 grams per cubic centimeter (g/cm3) for all lithological units, comparable to other similar lithium deposits. Drill hole assay values were composited to intervals of equal length to ensure that the samples used in statistical analysis and estimations were equally weighted. The majority of samples were collected at 6.096-meter (20-foot) intervals, with some samples collected at other intervals up to a maximum of 12.192 meters (40 feet). Down-the-hole composites were created from the Li and B assays within upper claystone, lower claystone, and lower sandstone mineralized domains, with the following specifications: 6.096-meter (20-foot) intervals, with anything less than 3.048 meters (10 feet) added to the previous interval. This resulted in 1,313 Li composite intervals with Li grades from 40.37 ppm to 5,764.48 ppm and 857 B composite intervals with B grades from 10 ppm to 14,658.8 ppm.
Qualified Person Terre Lane estimated Li and B grades into the block model using inverse distance to the second power (“ID2”) and for each method, a single pass was conducted at the ellipsoid ranges (1,600 meters x 900 meters x 150 meters). All blocks with modeled grade were coded as inferred resources. The search was restricted to a minimum of four samples and a maximum of 12 samples per block and a maximum of three samples per drill hole, thereby requiring data from a minimum of two drill holes to populate a block. For statistical comparison, nearest neighbor (“NN”) and ordinary kriging (“OK”) models were run to serve as comparisons with the estimated results from the ID2 method. The estimate means for the global population as well as the means for the estimation domains are similar, suggesting the ID2 estimate is not biased or overestimating the grades. The reduction in mean, coefficient of variation, and maximum from composites to the ID2 estimate shows an appropriate amount of smoothing. Swath plots and visual comparison of composites versus block model values by section and plan show good correlation.
Mining Methods
Hydraulic Borehole Mining of Lower Zone
As disclosed in their April 16, 2024, news release, Nevada Lithium contracted Kinley Exploration LLC (“Kinley”) to provide a preliminary evaluation of HBHM for Bonnie Claire.
Kinley was asked to establish a reasonable and economic mining strategy utilizing HBHM within the Bonnie Claire Lithium resource deposit to extract lithium in a continuous, efficient, cost effective and safe manner in the targeted higher grade zone from 1,500-2,800ft (457-853m) deep.
Kinley’s analysis took into consideration that the mineralization is highly plastic and with the assistance of jetting and pumping would likely flow. With this information, coupled with the significant cost of backfilling and then the consideration of subsidence, Kinley evaluated HBHM without backfilling and using directional drilling from a stable position.
The Kinley model assumed the highly mobile mineralization within the target section would behave plastically and flow in a fluid state or caving condition to the mining system intake. This relies on flow of the mobilized mineralization, accelerated by high pressure jetting to a centralized well, then pumped back to surface. GRE assumes a more conservative recovery of 60% because of potential mass flow issues that need to be evaluated during test mining.
Open Pit Mining of Upper Zone
Open pit mining of the Upper Zone at Bonnie Claire would likely use conventional mining equipment of hydraulic shovels and mining haul trucks but could possibly use scrapers. The soil is extremely soft and typically saturated. As a result, pit wall slopes would need to be relatively shallow; for the Lerchs-Grossman pit exercise in Section 14, the GRE Qualified Person used 18° side wall slopes. Additional geotechnical testing would need to be completed to determine stable side wall slope angles, bench heights, and catch bench widths. Dewatering portions of the pit, freezing, or other forms of stabilizing pit slopes and bottom may be required.
Mineral Processing and Metallurgical Testing
The mineral assemblage changes with depth. The Upper Zone generally shows lower grade lithium and boron and higher calcite content, while the Lower Zone tends to be significantly higher-grade lithium and boron and lower calcite content. The final mine design has not been completed, and the project may have several options: mine the upper portion, mine the lower portion, or mine the entire deposit. As a result, two distinct treatment options have been evaluated.
For the Upper Zone, a thermal treatment was developed that involved a sulfate calcination followed by a hot water leach. This process had the advantage of not solubilizing as many impurities, particularly iron. High lithium extractions (up to 80%) were achieved.
New drill samples from the Lower Zone were tested, and the calcination process was not effective due to the low melting point of the boron minerals (searlesite). Subsequently, sulfuric acid leaching was evaluated to treat the deeper deposit material. The acid treatment demonstrated that the lithium host is readily soluble in a strong sulfuric acid solution, achieving extractions of approximately 85%. The conventional downstream purification of the acid liquor had challenges for the upper sections of the deposit due to high iron solubilization.
Boron concentrations in the Lower Zone warrant a separate boron recovery circuit. Boron is recovered from the leach liquor after primary impurity removal via ion exchange to produce a boric acid product.
Quality Assurance / Quality Control
A quality assurance / quality control protocol following industry best practice was incorporated into the drill program by Nevada Lithium. Drilling was conducted by Major Drilling Group International Inc. (“Major Drilling”). Core was transported by Major Drilling from the collar location and received by Nevada Lithium staff at the Company storage facility in Beatty, Nevada. The facility is only accessible to Nevada Lithium staff and remains otherwise locked. Received core was logged and cut at the facility by Nevada Lithium staff. Logging and sampling included the systematic insertion of blanks, duplicates and certified reference material (“CRM”) MEG Li.10.12 and OREAS 750 into sample batches at an insertion rate of approximately 10%. All core samples collected were transported by Company staff to ALS USA Inc.’s laboratory in Reno, Nevada. for sample preparation. Sample preparation comprises initial weighing (Code WEI-21), crushing quality control test (CRU-QC), pulverizing quality control test (PUL-QC), fine crushing at 70% <2mm (CRU-31), sample split using Boyd rotary splitter ((SPL-22Y), pulverizing up to 250g 85% <75 µm (PUL-31), crush entire sample (CRU-21), pulp login (LOG-24) and a crusher wash (final crusher wash between samples (WSH-21). Samples were shipped to ALS USA Inc.’s Vancouver laboratory in Burnaby British Columbia, where the samples were analyzed using 48-element four-acid inductively coupled plasma mass spectrometry (ME-MS61) and B/Li N₂O₂ fusion inductively coupled plasma atomic emission spectroscopy high-grade (ME-ICP82b) procedures.
Data verification by GRE staff included: an on-site inspection of the Project site and core, reverse circulation and chip tray storage facilities, check sampling, geologic maps and reports, and manual auditing of the Project drill hole database. GRE’s Qualified Persons have been involved with the project since 2018. They visited the site in 2018 after drilling, during drilling in 2020 and 2022. The results from the site inspection, visual sample inspection and check sampling for each drilling campaign are given below. Based on the results of GRE’s Qualified Persons check of the sampling practices, verification of drill hole collars in the field, results of the check assay analysis, visual examination of selected core intervals, and the results of both manual and mechanical database audit efforts, GRE considers the collar, lithology, and assay data contained in the project database to be reasonably accurate and suitable for use in estimating mineral resources.
The data verification of the drilling campaigns shows that data from the rotary mud drilling was suspect and not used in the resource estimate. Open pit mining and processing methods, costs and infrastructure needs were verified by Ms. Lane in comparison to other similar sized open pit mines operating in the western USA. Borehole mining costs were developed by Kinley with coordination with GRE. Other cost data used in the report was sourced from the most recent infomine cost data report. All costs used to determine reasonable prospects for economic extraction were verified and reviewed by GRE and were assessed to be current and appropriate for use.
Metallurgical testing was completed for Bonnie Claire by a well-known commercial metallurgical laboratory. GRE reviewed all available metallurgical reports. GRE confirmed that the mineralization found at the Project is similar to another project where GRE has performed other consulting work and finds that the test work for Bonnie Claire shows that the material behaves in a similar manner, specifically in lithium extraction and recovery and reagent consumption. Given the similarities of the Bonnie Claire material to other similar projects, this provides a good basis for benchmarking the metallurgical test. The work appears to be professionally completed and is well documented and is suitable for estimation of lithium extraction and recovery calculations in the Mineral Resource Estimate.
About Nevada Lithium Resources Inc.
Nevada Lithium Resources Inc. is a mineral exploration and development company focused on shareholder value creation through its core asset, the Bonnie Claire Lithium Project, located in Nye County, Nevada, where it holds a 100% interest.
For further information on Nevada Lithium and to subscribe for updates about Nevada Lithium, please visit its website at: https://nevadalithium.com/
Qualified Person Disclosure
The technical information in the above disclosure has been reviewed and approved by the designated Qualified Person under NI 43-101, Dr. Jeff Wilson, PhD, P.Geo, Vice President of Exploration for Nevada Lithium. Dr. Wilson is not independent of Nevada Lithium, as he is Vice President of Exploration for Nevada Lithium.
The technical information in the above disclosure has also been reviewed and approved by Terre Lane, a ‘Qualified Person’ as defined under NI 43-101. Ms. Lane is Principal Mining Engineer with GRE and considered to be “independent” of the Company under Section 1.5 of NI 43-101.
On behalf of the Board of Directors of Nevada Lithium Resources Inc.
“Stephen Rentschler”
Stephen Rentschler, CEO
For further information, please contact:
Nevada Lithium Resources Inc.
Stephen Rentschler
CEO and Director
Phone: (647) 254-9795
E-mail: sr@nevadalithium.com
Media Inquiries
E-mail: info@nevadalithium.com
Find Nevada Lithium on Twitter and LinkedIn
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release. The Canadian Securities Exchange has not approved or disapproved of the contents of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. These statements relate to matters that identify future events or future performance. Often, but not always, forward looking information can be identified by words such as “could”, “pro forma”, “plans”, “expects”, “may”, “will”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved.
The forward-looking statements contained herein include, but are not limited to, statements regarding: the performance of the Project; results of the 2023 Exploration and Development Plan (including, without limitation, its mineral resources, current claims and its ability to utilize global lithium needs); any plans following the Mineral Resource Estimate; the preparation of an updated PEA in 2025; and the performance of lithium as a commodity, including the sustained lithium demand and prices.
In making the forward looking statements in this news release, Nevada Lithium has applied several material assumptions, including without limitation: market fundamentals that result in sustained lithium demand and prices; the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of Bonnie Claire in a timely manner; the availability of financing on suitable terms for the development; construction and continued operation of Bonnie Claire; the Project containing mineral resources; and Nevada Lithium’s ability to comply with all applicable regulations and laws, including environmental, health and safety laws.
Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Nevada Lithium’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of managements considered reasonable at the date the statements are made. Although Nevada Lithium believes that the expectations reflected in such forward- looking statements are reasonable, such information involves risks and uncertainties, and under reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements expressed or implied by Nevada Lithium. Among the key risk factors that could cause actual results to differ materially from those projected in the forward- looking statements are the following: operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Project; estimation or realization of mineral reserves and mineral resources, requirements for additional capital; future prices of precious metals and lithium; changes in general economic, business and political conditions, including changes in the financial markets and in the demand and market price for commodities; possible variations in ore grade or recovery rates; possible failures of plants, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays or the inability of Nevada Lithium to obtain any necessary approvals, permits, consents or authorizations, financing or other planned activities; changes in laws, regulations and policies affecting mining operations; currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities; risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on Nevada Lithium’s business; as well as those factors discussed under the heading “Risk Factors” in Nevada Lithium’s latest Management Discussion and Analysis and other filings of Nevada Lithium filed with the Canadian securities authorities, copies of which can be found under Nevada Lithium’s profile on the SEDAR+ at www.sedarplus.ca.
Should one or more of these risks or uncertainties materialized, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Nevada Lithium has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Nevada Lithium does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
NVLH:CC
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01 April
4 Best-performing ASX Lithium Stocks of 2025
Global demand for lithium presents a significant opportunity for Australia, which is home to many ASX lithium mining stocks as the world's top lithium producer.
Australia’s abundant lithium reserves and strong mining sector, position the country as a key player in the battery value chain into the 2030s. However, rapid electric vehicle (EV) market growth projections drove increased lithium mining rates, leading to a global surplus.
Against that backdrop, Australia’s lithium sector faced headwinds in Q1 2025 due to falling global lithium prices and continued market oversupply.
As profit margins across the sector tightened, mining companies implemented production cuts, shuttered projects and cancelled expansion plans. Additionally, some refining operations were put on hold amid the unfavourable economic conditions.
The challenges that have plagued the lithium market over the past year have prompted speculation that the market has bottomed and prices will begin to recover by year’s end.
Despite the current downturn the lithium market long term outlook remains bright. The closing of Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO)AU$6.7 billion acquisition of Arcadium Lithium underscores the long-term potential that major miners see in the lithium sector. Rio also made headlines in late March with reports that it was engaged in preliminary talks with the Democratic Republic of Congo about developing the massive Roche Dure lithium deposit.
Below the Investing News Network looks at the top four ASX-listed lithium companies by year-to-date gains.
The list below was generated using TradingView’s stock screener on March 27, 2025, and Australian lithium companies with market caps above AU$10 million at that time were considered for inclusion.
1. Tyranna Resources (ASX:TYX)
Year-to-date gain: 40 percent
Market cap: AU$23.02 million
Share price: AU$0.007
Africa-focused explorer Tyranna Resources is currently focused on its flagship Muvero lithium project in Angola.
In a January 30 update, Tyranna reported it completed a drill program totalling 11 diamond drill holes spanning 817 meters. Initial results from drilling at the Muvero and Loop prospects confirmed visible spodumene-bearing pegmatite. Additionally, core from the Muvero prospect will be used for metallurgical testing and structural data.
The company is also pursuing and evaluating additional projects that align with its strategy of focusing on in-demand metals, and had applied for one licence at that time.
Shares of Tyranna reached a quarterly high of AU$0.007 several times over the three month period.
2. Liontown Resources (ASX:LTR)
Year-to-date gain: 24.53 percent
Market cap: AU$1.58 billion
Share price: AU$0.66
Liontown Resources has two assets in Western Australia, including the producing Kathleen Valley mine, which entered production during the second half of 2024 and transitioned to commercial production in January 2025.
The company's Buldania project in the Eastern Goldfields Province of Western Australia has an initial mineral resource of 15 million tonnes at 1.0 percent lithium oxide.
In its fiscal H1 2025 financial update, Liontown reported that over 100,000 wet metric tons of spodumene concentrate had been shipped from Kathleen Valley between July and the end of December.
Liontown’s shares rose to a Q1 high of AU$0.735 on March 19, 2025, shortly after the release of the half year results.
3. Delta Lithium (ASX:DLI)
Year-to-date gain: 9.09 percent
Market cap: AU$125.39 million
Share price: AU$0.18
Delta Lithium is a diversified exploration and development company focused on discovering high quality, lithium bearing pegmatite deposits in Western Australia.
Currently, Delta is developing the Mount Ida gold and lithium project, which reportedly has a JORC-compliant resource of 14.6 million tonnes grading 1.2 percent. Additionally, the company is exploring its Yinnetharra lithium project, including the Malinda deposit, in the Upper Gascoyne Region.
Company shares registered a Q1 high of AU$0.20 on January 14.
On January 21, Delta released an exploration update for Yinnetharra that highlighted drilling and metallurgical results from the M1 pegmatite at the Malinda deposit.
“The program has realised highly positive metallurgical results, with pilot plant spodumene recoveries exceeding our Internal financial modelling and proving the whole-of-ore flotation flowsheet as suitable for the M1 mineralogy,” Managing Director James Croser said.
In a subsequent financial statement, Delta noted the submission of the mining lease application for the Malinda mining area and the commencement of Native Title negotiations. The company is also advancing its environmental permitting process at Malinda.
4. Future Battery Minerals (ASX:FBM)
Year-to-date gain: 5.56 percent
Market cap: AU$12.64 million
Share price: AU$0.019
Explorer and developer Future Battery Minerals (FBM) is advancing its flagship Coolgardie lithium project in Western Australia’s Eastern Goldfields region.
The project includes FBM's wholly owned Kangaroo Hills lithium project and the 85 percent-owned Miriam lithium project.
Shares of FBM marked a Q1 high of AU$0.028 on January 9, 2025.
On January 22, FBM announced the expansion of the Coolgardie project footprint through the application for new tenements near the asset.
In its report for the quarter ended in December 2024, released in late January, FBM outlined near-term plans for the Coolgardie project, including completing its ground gravity survey. The company also reported that initial drilling of high-priority lithium targets at the Miriam project remains on track for H1 2025, while the mining lease application for Kangaroo Hills is advancing.
FAQs for investing in lithium
What is lithium?
Lithium is the lightest metal on the periodic table, and it is used in a wide variety of applications, including lithium-ion batteries, pharmaceuticals and industrial applications like glass and steel.
How do lithium-ion batteries work?
Rechargeable lithium-ion batteries work by using the flow of lithium ions in the battery's cell to power a device.
A lithium-ion battery has one or more cells, depending on the amount of energy storage it is capable of, and each cell has a positive electrode and negative electrode with an electrolyte separating them. When the battery is in use, lithium ions flow from the negative electrode to the positive electrode, running out of power once all have transferred. When the battery is charging, ions flow the opposite way.
Where is lithium mined?
Lithium is mined from two types of deposits, hard rock and evaporated brines. Most of the world's lithium production comes out of Australia, which hosts the Greenbushes hard-rock lithium mine. The next-largest producing country is Chile, which like Argentina and Bolivia is located in South America's Lithium Triangle.
Lithium in this famed area comes from evaporated brines, including the Salar de Atacama. Lithium can also be found in sedimentary deposits, but currently none are producing.
Where is lithium found in Australia?
Australia is the world’s top producer of lithium, and its lithium mines are all located in Western Australia except for one, which is Core Lithium’s (ASX:CXO,OTC Pink:CXOXF) Finniss mine in the Northern Territory. Western Australia accounts for around half of global lithium production, and the state is looking to become a hub for critical elements.
Who owns lithium mines in Australia?
Several companies own lithium mines in Australia, including some of the biggest ASX lithium stocks. In addition to the entities discussed above, others include: Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) with its Pilgangoora operations; Jiangxi Ganfeng Lithium (HKEX:0358), which owns the Mount Marion mine alongside Mineral Resources (ASX:MIN,OTC Pink:MALRF); and Tianqi Lithium (SZSE:002466), which is a partial owner of Greenbushes via its stake in operator Talison Lithium.
Who is Australia’s largest lithium producer?
Australia’s largest lithium producer is Albemarle (NYSE:ALB), which has interests in both the Greenbushes and Wodgina hard-rock lithium mines. Greenbushes is the world’s largest lithium mine, and Albemarle holds 49 percent ownership of operator Talison Lithium’s parent company.
Albermarle also has 60 percent ownership of Mineral Resources’ Wodgina mine, and owns the Kemerton lithium production facility as part of a 60/40 joint venture with Mineral Resources.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Georgia Williams, currently hold no direct investment interest in any company mentioned in this article.
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28 March
California Touts US$540 Billion Salton Sea Lithium Discovery
Scientists have discovered an estimated US$540 billion worth of lithium beneath California’s Salton Sea, a finding that could reshape the global energy market and reduce US reliance on foreign lithium supply.
The Salton Sea, located in Southern California’s Imperial County, has long been considered an environmental concern due to its receding shoreline and rising air pollution.
Now, researchers funded by the US Department of Energy have confirmed the area holds approximately 18 million metric tons of lithium — far more than previous estimates of 4 million metric tons.
“This is one of the largest lithium brine deposits in the world. This could make the United States completely self-sufficient in lithium and stop importing it through China,” the Daily Galaxy quotes Michael McKibben, a geochemistry professor at the University of California, Riverside, as saying in a Monday (March 24) article.
With global demand for lithium surging due to the rise of electric vehicles and renewable energy storage, California officials are viewing the discovery as a potential economic windfall.
Governor Gavin Newsom has dubbed the Salton Sea region the “Saudi Arabia of lithium,” underscoring its potential to dominate the supply chain for battery production. Local officials have also branded the area as “Lithium Valley,” hoping to generate new revenue streams and job opportunities for Imperial County, one of California’s poorest regions.
Currently, talk is circulating about plans to allocate 80 percent of the revenue from lithium extraction to local development, which could significantly improve infrastructure and public services.
Despite the economic promise, extracting lithium from the Salton Sea’s geothermal brine presents challenges.
The process involves pumping lithium-rich brine from deep underground, separating the lithium and re-injecting the liquid back into the earth. While this technique is considered more environmentally friendly than traditional open-pit mining, it still raises concerns over water consumption, air quality and potential harm to Indigenous lands.
The Colorado River, a critical water source for California, is already facing shortages, and large-scale lithium extraction could further strain the region’s limited water resources.
Additionally, the Salton Sea’s receding lakebed has led to increased levels of toxic dust in the air, which has been linked to rising asthma rates among local residents. Mining operations could exacerbate these public health risks, making environmental safeguards a critical component of any development plans.
Adding to the complexity of lithium extraction is an evolving geopolitical landscape. China, the world’s largest lithium producer, has recently taken steps to tighten control over its battery technology exports.
Jiangsu Jiuwu Hi-Tech (SZSE:30063), a Chinese firm, announced in February that it would halt exports of a key lithium-processing component known as a sorbent. Sorbents are crucial in lithium extraction from brine, and export restrictions could disrupt supply chains for US and European companies looking to develop alternative lithium sources.
The US, the European Union and allied countries have accelerated initiatives such as the Minerals Security Partnership, launched in 2022, to secure alternative sources of lithium and other essential materials.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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26 March
Top 5 Canadian Lithium Stocks of 2025
The lithium market continued to battle headwinds during the first quarter of 2025 as residual oversupply weighed on prices, pushing them to a four year low.
Weaker-than-expected demand to start the year also added pressure to the oversupplied market, resulting in the lithium carbonate CIF North Asia price to fall below US$9,550 per metric ton, its lowest point since 2021.
Analysts have suggested the persistent downturn is the signaling of a market bottom. This theory is further supported by a projected production reduction that will help absorb market oversupply.
“Lithium market conditions — particularly during the latter part of 2024 – led to growing producer restraint, both in China and elsewhere,” wrote Fastmarkets’ head of battery raw material analytics Paul Lusty. “Australian production cuts started in January 2024 but built momentum during the year, with several miners announcing production cuts, plans to place plants on care and maintenance and the suspension of planned expansions owing to market conditions.”
The global commodities firm is forecasting a shift in market dynamics, with analysts projecting a much tighter balance ahead. Initial estimates peg 2025’s surplus at 10,000 metric tons before the market moves into a deficit position in 2026.
How are Canadian lithium stocks performing against this backdrop?
The Investing News Network has created an overview of the top-performing Canadian lithium stocks. While companies on the TSX, TSXV and CSE were considered, only stocks on the TSXV made the list this time.
This list was created on March 25, 2025, using TradingView's stock screener, and all data was current at that time. Only companies with market caps above C$10 million for the TSX and TSXV and above C$5 million for the CSE are included.
1. Power Metals (TSXV:PWM)
Year-to-date gain: 163.04 percent
Market cap: C$196.57 million
Share price: C$1.21
Exploration company Power Metals holds a portfolio of diversified assets in Ontario and Québec, Canada. The company’s flagship Case Lake project in Ontario hosts spodumene-bearing lithium-cesium-tantalum pegmatites.
In November 2024, Power Metals identified a new pegmatite zone at Case Lake through soil sampling. The samples from the zone, located north-northwest of its West Joe prospect, revealed elevated levels of cesium, tantalum, lithium and rubidium, which the company said "affirmed prospective drill targets" for its winter program.
On February 10, Power Metals announced the beginning of work associated with the maiden mineral resource estimate and preliminary economic assessment for Case Lake, which it plans to release in Q1 and Q2 of 2025 respectively. Days later on February 14, the company followed that announcement by releasing the final assays from its Phase 3 drilling at Case Lake, including “exceptional cesium oxide and tantalum intercepts” from the West Joe prospect.
The company's share price rose in the weeks following the pair of announcements to reach a Q1 high of C$1.46 on February 25.
2. NOA Lithium Brines (TSXV:NOAL)
Year-to-date gain: 41.18 percent
Market cap: C$46.99 million
Share price: C$0.36
NOA is a lithium exploration and development company with three projects in Argentina’s Lithium Triangle region. The company’s flagship Rio Grande project and prospective Arizaro and Salinas Grandes land packages total more than 140,000 hectares.
In late January, NOA reported its completion of 28 vertical electrical sounding geophysics tests at the Rio Grande project as part of its 2025 exploration program.
The recent testing expands on past studies and will aid NOA's water exploration program, refining one of three identified potential water sources.
In a subsequent corporate update on February 7, NOA outlined its plans for Q1 2025, which largely focused on the advancement of the Rio Grande project through geophysical evaluation and water exploration drilling. The company also plans to review engineering proposals for preliminary economic assessment work.
The company's share price began climbing in early February and reached a Q1 high of C$0.37 on March 13.
The high came days after a Simply Wall Street report highlighted insider buying at the company, a signal of strong internal confidence. According to the report, NOA insiders invested C$862,600 over the prior six months, with C$358,000 of that coming in a single transaction by CEO and Director Gabriel Rubacha. Additionally, they had not sold any shares in the prior 12 months.
3. Frontier Lithium (TSXV:FL)
Year-to-date gain: 35.56 percent
Market cap: C$141.38 million
Share price: C$0.61
Pre-production mining company Frontier Lithium aims to be a strategic and integrated supplier of premium spodumene concentrates as well as battery-grade lithium salts in North America.
The Company's flagship PAK lithium project, which is a joint venture with Mitsubishi (TSE:8058), holds the “largest land position and resource” in a premium lithium mineral district located in the Great Lakes region of Ontario, Canada. Frontier also owns the Spark deposit, located northwest of the PAK project.
Shares of Frontier Lithium reached a Q1 high of C$0.79 on March 4. After already trending upwards through February, its share price peaked alongside news that the Government of Canada and the Ontario Government supported the company's plans to build a critical minerals refinery in Northern Ontario.
Once complete the proposed lithium conversion facility will process lithium from PAK into around 20,000 metric tons of lithium salts per year. “This expected capacity would support the production of batteries for approximately 500,000 electric vehicles per year,” Frontier's statement reads.
4. Q2 Metals (TSXV:QTWO)
Year-to-date gain: 30.77 percent
Market cap: C$144.59 million
Share price: C$1.02
Exploration firm Q2 Metals is exploring three lithium properties — Cisco, Mia and Stellar — in the Eeyou Istchee James Bay region of Québec, Canada. Its Mia project hosts the Mia trend, which spans over 10 kilometers, and its Stellar lithium property comprises 77 claims 6 kilometers north of the Mia property.
In 2024, Q2 Metals acquired the Cisco lithium property and spent much of the year exploring the area. In December, Q2 acquired a 100 percent interest in 545 additional mineral claims, tripling its land position at the Cisco lithium property. A February 12 update reported that metallurgical testing on 2024 drill core showed that the primary lithium-bearing mineral in Cisco pegmatite is spodumene.
On February 26, Q2 announced that investors exercised 12.8 million share purchase warrants at C$0.60 each, generating C$7.68 million in proceeds for the company. The warrants were issued through a private placement in February 2023.
Shares of Q2 jumped to a Q1 high price of C$1.08 on March 18. The following day, later the company released some early results from its ongoing winter drill program, which is targeting 6,000 to 8,000 meters of drilling using two diamond drill rigs. The first four holes intersected “multiple wide intercepts of spodumene pegmatite, expanding previously identified mineralization.” The longest continuous interval of spodumene mineralization is 179.6 meters.
5. Wealth Minerals (TSXV:WML)
Year-to-date gain: 20 percent
Market cap: C$18.47 million
Share price: C$0.06
Lithium exploration company Wealth Minerals owns three exploration-stage projects — Kuska, Pabellón and Yapuckuta— all located in Chile.
On February 3, Wealth Minerals released its first news of the year, announcing it penned a joint venture development deal with the Quechua Indigenous Community of Ollagüe for the development of the Kuska project.
Under the deal the Quechua community will hold a 5 percent free-carried interest and a board seat in the JV, ensuring community participation. The partnership may also explore additional projects in the region.
On February 6, Wealth Minerals acquired the Pabellón lithium project, consisting of a portfolio of 26 mineral exploration licenses with an area of 7,600 hectares located in Northern Chile near the Chile-Bolivia border. The project may serve as an additional source of material to Kuska.
The surface of Pabellón hosts South America's only geothermal power plant, Cerro Pabellón, which is majority owned by electricity company ENEL (MIL:ENEL). Wealth Minerals stated it is considering installing a direct lithium extraction unit next to the plant.
The company's share price spiked in mid-January, and touched a Q1 high of C$0.095 on January 31, February 7 and February 10.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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25 March
Results of General Meeting, Admission of Retail Offer Shares and Total Voting Rights
CleanTech Lithium PLC (AIM: CTL), an exploration and development lithium company in Chile, is pleased to announce that at the General Meeting ("GM") held earlier today all the resolutions were duly passed.
Retail Offer
On 10 March 2025 the Company announced the Retail Offer had conditionally raised £143,980, in addition to the £2.4 million raised from a Placing announced on 11 February 2025. 899,873 new ordinary shares ("Retail Offer Shares") will be issued to existing retail shareholders who subscribed via the BookBuild platform at a price of 16 pence per Retail Offer Share pursuant to the Retail Offer.
It is expected that Admission will become effective, and trading of the Retail Offer Shares will commence on AIM, at 8.00 a.m. on 25 March 2025.
Total Voting Rights
Following the issue of the Retail Offer Shares, the Company will have a total of 100,346,774 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury and accordingly the total number of voting rights in the Company is 100,346,774.
With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
Words and expressions defined in the Company's announcement of 10 March 2025 shall have the same meaning in this announcement.
For further information please visit https://ctlithium.com/
For further information contact: | |
Steve Kesler/Gordon Stein/Nick Baxter | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 |
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 20 7628 3396 |
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies | +44 (0) 20 3884 8450 |
Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 20 7523 4680 |
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Notes
CleanTech Lithium (AIM:CTL) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com
Click here for the full release
This article includes content from Cleantech Lithium PLC, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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24 March
Funding the Energy Transition: The Role of Public and Private Finance in Building Supply Chains
The energy transition demands substantial funding as participants look to build out infrastructure and supply chains, but experts say new solutions are emerging to help navigate this landscape.
During the "Financing the Energy Transition" panel at the Benchmark Summit, participants discussed the role of government and public sector investment, as well as the outlook for Canada's electric vehicle (EV) supply chain.
Moderated by Adam Webb, head of battery raw materials at Benchmark Mineral Intelligence, the discussion at the Toronto-based event opened with a snapshot of Canada’s EV battery supply chain buildout.
Daanish Hussein, senior manager of grants and direct funding at BDO Canada, highlighted the downstream, midstream and upstream development happening in Ontario and Québec.
“If you look at the last four years, just looking at Ontario, we've secured over C$45 billion in this industry,” he said, adding that Ontario's strategy has initially been focused on downstream growth.
“Whereas in Québec, I think what you've seen is a bigger focus on the midstream and upstream,” added Hussein.
Moving forward, he expects both provinces to prioritize midstream and upstream expansion.
“We want to make sure that Canada has the breadth and depth to get supply chain security, but also it's an economic development imperative to develop the north, and there's a lot of private and public sector support for this,” he noted.
Federal support for Canada's mining industry
During the Prospectors & Developers Association of Canada (PDAC) convention, which coincided with the Benchmark Summit, Jonathan Wilkinson, Canada’s minister of energy and natural resources, made several announcements aimed at supporting the country’s exploration, mining and development sectors.
The first was an extension to the Mineral Exploration Tax Credit (METC) until March 31, 2027.
The 15 percent METC aims to support junior exploration, mining and mineral processing companies, providing an estimated C$110 million to drive exploration investment.
Wilkinson also announced a second round of funding under Canada's Critical Minerals Infrastructure Fund. It will offer up to C$500 million for energy and transportation projects to boost the mining sector.
Last year’s round approved over 31 projects with C$300 million pending final review.
Hussein noted that these types of funding initiatives are imperative to encourage northern development.
Will US tariffs derail Canadian growth?
Despite focusing largely on Canada, the panel could not escape talks of US tariffs.
While acknowledging the uncertainty that the tariff threat presents, Hussein explained that the EV supply chain project pipeline in Québec and Ontario is robust and financially strong.
He pointed to Linamar’s (TSX:LNR,OTC Pink:LINAF) C$1 billion investment in six Ontario automotive technology sites, announced in January, as an example. The Ontario-based global auto parts manufacturer is also receiving support from the provincial (C$100 million) and federal (C$169.4 million) governments.
“So yes, there is reason for trepidation, but I think there's a lot of compelling reasons to be optimistic,” said Hussein.
Battery metals investors must rejig expectations
Webb next asked where investors are currently finding value.
Arun Viswanathan, senior equity analyst for chemicals and packaging at RBC (TSX:RY,NYSE:RY), told the audience that investors are currently grappling with three issues.
“First off, they're a little bit anchored to the recent peak as a potential possibility as to how high they think prices can go, and there isn't really support for investors to get to that level,” he said.
In addition to unrealistic expectations about metals prices returning to peaks seen in late 2021 and early 2022, Viswanathan pointed to apprehension in EV sales growth in the EU and North America.
“Investors are also struggling with the idea that (in) North America and Europe, EV demand is very weak, and that demand has coincided with this downturn in pricing,” Viswanathan said.
“Even though 80 percent of the supply chain in lithium is in China, 99 percent of LFP capacity production is there, people actually do think that the North American and European markets do matter to drive pricing.”
A lack of transparency was the final factor impacting investor sentiment Viswanathan underscored.
“The third thing I would mention is opacity in the market,” he said. “And when you think about what is actually observable in China and elsewhere, I think investors struggle with data.”
He suggests that investors often “hone in” on inventory numbers, which do not always paint a complete picture.
Viswanathan went on to say that the lithium industry was once seen as a high-growth sector, but major producers are now scaling back their forecasts. For example, Albemarle (NYSE:ALB), has reduced its compound annual growth rate (CAGR) from double digits to low single digits for 2025 and possibly 2026.
With a significant surplus in the market, there’s little immediate catalyst for change. Many investors remain focused on the short term, limiting interest in long-term opportunities despite potential value over the next decade.
“I think in general, investors are optimistic on the long-term story. But even though prices have come down significantly, I don't know if we're at value stages yet,” he said.
Does ESG matter for financing?
From there, the discussion shifted to the importance of ESG credentials in financing projects.
Weighing in on the topic, Shelley Gilberg, markets leader of managed accounts at PwC, noted that it “depends on whose money you are taking" and said alternative forms of financing are emerging.
“You're starting to see the emergence of much more purpose capital that understands what they're investing in. They're prepared to potentially take a slightly lower rate of return in exchange for the thematic investing that they're doing.”
Gilberg highlighted the Canada Growth Fund’s recent equity stake in the Nouveau Monde Graphite (TSXV:NOU,NYSE:NGM) as part of the shift in financing strategies. Announced in December, the C$57 million investment aligns with the Canada Growth Fund’s goal of supporting national critical minerals development.
Gilberg went on to suggest that companies seeking financing have to pay attention to a multitude of factors, including boardroom dynamics, shareholder activism and industry partnerships.
In today’s geopolitical climate, some market expectations conflict — some US buyers reject ESG commitments, while European buyers demand them, leaving Canadian firms navigating a middle ground.
“I think the most difficult thing for every company right now — this isn't unique to mining — is how do you line up customer sentiment around this stuff with investor sentiment?” she said. “And I can tell you, it's difficult.”
Ultimately, Gilberg explained that these are strategic business decisions, not just ESG concerns.
Although the landscape is rough, companies that are able to mesh customer needs with investor concerns are likely to benefit from what Gilberg described as a “reset” of the sustainability and ESG lens.
"I think the greatest risk and the greatest opportunity right now for mining companies comes from aligning the customers you're going to serve with the investors whose money you're using,” she said. “That has to be the magic.”
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Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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20 March
International Lithium Plans PEA on Rubidium Resource at Raleigh Lake Project, CEO Says
John Wisbey, CEO of International Lithium (TSXV:ILC), discusses the company's strategic sale of its Irish lithium property, progress on the Raleigh Lake lithium-rubidium project in Canada and expansion efforts in Zimbabwe.
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