Arcadia Minerals

Off-Take And Funding Letter Of Intent Swanson Tantalum/Lithium Project

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium (Clays, Brines & Hard Rock), Nickel, Copper and Gold in Namibia, is pleased to announce that it has received a letter of intent (LOI) from HeBei Xinjian Construction CC (HeBei) to negotiate and possibly enter into an agreement with Arcadia in terms of which: a) an ever-green off-take of Tantalum Pentoxide concentrate min. 25% metal content and Li2O with min. 1% Li2O metal content will be granted to HeBei, and b) in terms of which HeBei is to provide funding to construct and commission a Tantalum Multi-Gravity-Separation concentrate plant and a Lithium concentrate plant (through Dense Media Separation or Flotation) in return for sharing in the profit of the operations.

HIGHLIGHTS

 
  • Letter of Intent (LOI) received from Chinese Multinational Group HeBei Xinjian Construction CC
  • LOI is aimed at off-take for Tantalum and Lithium products and to provide construction funding of Tantalum and Lithium Plants at Swanson
  • Arcadia intends to immediately enter into negotiations with HeBei Xinjian Construction CC and to possibly finalise a transaction during Q1 in 2023
  • HeBei recently concluded a similar transaction with neighbouring licence holder Kazera Global PLC (KZG.L)
  • Swanson DFS postponed to early Q1/2023 in order to provide for beneficiation of Lithium ore in view of rising Spodumene prices
  • Ongoing and incomplete discussions remain on foot with several parties

Jurie Wessels, the Executive Chairman of Arcadia stated: “The receipt of the letter of intent from a company of a calibre such as the HeBei Xinjian Construction CC validates our confidence in the Swanson Project becoming a potential early cash generator. We are particularly emboldened by the expression of intent to conduct a profit-sharing arrangement aimed at both the Tantalum and Lithium credits of the Swanson project and to purchase both product streams. Our next steps are to engage with HeBei and other suitors through negotiation to possibly conclude a transaction as early as is reasonably possible. HeBei recently concluded a deal with our neighbour Kazera Global PLC (KZG.L) under similar arrangements, demonstrating the interest for our products.

Interest from various parties has also extended to the Bitterwasser Lithium Clay & Brines project, further validating the potential of the Company’s assets, however at this stage these discussions remain ongoing and incomplete.”

 

TERMS OF LETTER OF INTENT

 

The proposed transaction relates only to ore mined from the Swanson Tantalum/Lithium Project located in, on and under Mining License ML 223 (ML223) in the Karas Region of the Republic of Namibia.

The aim is to commence with exploiting the existing JORC Mineral Resource at Swanson, which consists of an Indicated Mineral Resource of 1,439Mt at an average grade of 498 ppm Ta2O5, 72 ppm Nb2O5 and 0.14 % Li2O and an Inferred Mineral Resource of 1,145Mt at an average grade of 472 ppm Ta2O5, 75 ppm Nb2O5 and 0.17 % Li2O1. The D1 pegmatite is expected to be the focus for the purposes of Lithium production as it contains the highest Lithium grade with a total Mineral Resource of 573 Mt at an average grade of 349 ppm Ta2O5, 95 ppm Nb2O5 and 0.38 % Li2O.

The letter of intent envisages the conclusion of:

 

a) an ever-green off-take agreement of Tantalum Pentoxide (Ta2O5) concentrate min. 25% metal content (Ta-Product), and Lithium Oxide (Li2O) with min. 1% Li2O metal content (Li-Product), in favour of Hebei with respect to Ta-Product and Li-Product mined from ML223 at terms specified below, and;
b) a funding agreement to construct and commission a Tantalum concentrate plant (MGS Plant) and a Lithium concentrate plant through DMS or Flotation (Lithium- Plant) in return for a profit-sharing scheme (Transaction).

 

Feedstock for the MGS Plant is to consist of Run of Mine Ore from the E-F and D Pegmatites, and any other potential JORC reserves declared from pegmatites over ML223. Feedstock for the Lithium-Plant is to consist of Lithium-containing waste derived from the MGS plant.

 

This article includes content from Arcadia Minerals, 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.

AM7:AU
The Conversation (0)
Arcadia Minerals

Drilling Completed At Karibib Copper-Gold Project

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that its drilling contractor Hammerstein Mining and Drilling completed a 551m RC drilling program for 10 drill holes at the Karibib Copper- Gold Project in Namibia.
Keep reading...Show less
Arcadia Minerals

Drilling Commenced At Karibib Copper-Gold Project

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that it instructed Hammerstein Mining and Drilling to execute a 526m RC drilling program for 9 drill holes at the Karibib Copper-Gold Project in Namibia.
Keep reading...Show less
Arcadia Minerals

Quarterly Activities Report – June Quarter 2022

Arcadia Minerals Limited (ASX:AM7, FRA:8OH) (Arcadia, AM7 or the Company), the diversified exploration company targeting a suite of battery metal projects aimed at Lithium, Tantalum, Nickel, Copper and Gold in Namibia, is pleased to provide its quarterly activities report for the period ending June 2022.

Keep reading...Show less
Kum-Kum Nickel Project Mineral Systems Approach Results

Kum-Kum Nickel Project Mineral Systems Approach Results

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that the Department of Earth Sciences at the University of Stellenbosch concluded a Minerals Systems Approach investigation over the Kum-Kum Ni-Cu-PGE Project Licenses and delivered a report to the Company styled “Geological overview and sulphide mineralization potential of the Tantalite Valley Complex” by Drs. Martin Klausen and Bjorn von der Heyden & Mr Daniel Ferreira, Department of Earth Sciences, Stellenbosch University, May 2022, and this report will be made available on the Company’s website at www.arcardiaminerals.global.

Keep reading...Show less
Lithium periodic symbol and Canadian flag.

Top 5 Canadian Lithium Stocks of 2025

As the global push toward electrification accelerates, lithium remains a critical piece of the energy transition.

Continued oversupply remained a persistent headwind for lithium prices through the first half of 2025. Demand for the battery metal jumped 29 percent year-over-year in 2024, fueled by surging electric vehicle sales and rising power needs from sectors like data centers and heavy industry.

Fastmarket’s analysts expect lithium demand to grow 12 percent annually through 2030, supported by structural trends such as renewable energy integration and battery energy storage.

Keep reading...Show less
Glowing blue neon batteries with lightning symbols on a dark gradient background.

Top 3 US Lithium Stocks of 2025

As the global economy shifts toward electrification and clean energy, lithium has emerged as a cornerstone of the energy transition, and the US is racing to secure its place in the supply chain.

Lithium-ion batteries are no longer just critical to electric vehicles (EVs); they're becoming vital across sectors to stabilize power systems, particularly amid growing reliance on intermittent renewables.

According to Fastmarkets, demand for battery energy storage systems (BESS) is accelerating, driven by data centers, which have seen electricity consumption grow 12 percent annually since 2017.

Keep reading...Show less
Digital globe and battery with lightning icon on dark background.

Lithium Market Update: Q2 2025 in Review

The second quarter of 2025 brought more downward pressure for lithium prices, as values for lithium carbonate continued to contract, slipping to their lowest level since January 2021.

After starting the year at US$10,484.37 per metric ton, battery-grade lithium carbonate rose to a year-to-date high of US$10,853.85 on January 27. Prices sank through Q1 and most of Q2, bottoming at US$8,329.08 on June 24.

Keep reading...Show less
Digital hexagons overlay construction site with an excavator and cloudy sky in the background.

Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

For Ekin Ober, bringing generative artificial intelligence (AI) to the critical metals sector through her work at Aethos Labs wasn’t just about technological innovation — it reshaped how she thinks about strategy and sustainability in mining.

Now a principal at Kinterra Capital, Ober applies that broad, cross-disciplinary lens to investment decisions, emphasizing the importance of digital fluency, stakeholder alignment and long-term viability.

Her experience helps her identify operational bottlenecks and social license challenges early — essential in guiding assets like nickel and copper projects from concept to production.

Keep reading...Show less

Latest Press Releases

Related News

×