Thacker Pass Lithium Mine

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector.  A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.  The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points: 
  • A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
  • The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
  • The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
  • Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector.  A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.  The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points: 
  • A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
  • The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
  • The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
  • Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Lithium Americas Publishes 2022-23 ESG-Safety Reports for North America and Argentina

Retrieved on: 
Monday, August 28, 2023

VANCOUVER, British Columbia, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the release of two environmental, social, governance and safety (“ESG-S”) reports for its North America and Argentina regions.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the release of two environmental, social, governance and safety (“ESG-S”) reports for its North America and Argentina regions.
  • “Over the last 18 months, our business has gained significant momentum as we advanced late-stage lithium projects in Argentina and the U.S. toward full production in a sustainable and responsible way,” said Jonathan Evans, Lithium Americas’ President and CEO.
  • “We are uniquely positioned to bridge the global gap in demand, while maximizing sustainable value for our diverse set of stakeholders.
  • Estimated operational carbon intensity per tonne of lithium carbonate produced at Thacker Pass and Caucharí-Olaroz.

Lithium Americas Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023

VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported financial and operating results for the quarter ended June 30, 2023 (“Q2 2023”).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported financial and operating results for the quarter ended June 30, 2023 (“Q2 2023”).
  • Caucharí-Olaroz is expected to produce approximately 5,000 tonnes of lithium carbonate in 2023.
  • As of June 30, 2023, $895 million of the $979 million total expected capex has been spent (on a 100% basis).
  • On July 31, 2023, at the annual, general and special meeting of Lithium Americas shareholders, 98.85% of the votes cast by shareholders present in person or by proxy at the meeting voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. (“Lithium Argentina”) and a new Lithium Americas Corp. (“Lithium Americas (NewCo)”), pursuant to a statutory plan of arrangement (the “Separation”).

Lithium Americas Shareholders Approve Plan to Separate into Two Leading Lithium Companies

Retrieved on: 
Monday, July 31, 2023

VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce that shareholders have voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. (“Lithium Argentina”) and a new Lithium Americas Corp. (“Lithium Americas (NewCo)”) pursuant to a statutory plan of arrangement (the “Separation”) at the Company’s annual general and special meeting of shareholders held today (the “Meeting”).

Key Points: 
  • VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce that shareholders have voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. (“Lithium Argentina”) and a new Lithium Americas Corp. (“Lithium Americas (NewCo)”) pursuant to a statutory plan of arrangement (the “Separation”) at the Company’s annual general and special meeting of shareholders held today (the “Meeting”).
  • “We are delighted to see our shareholders’ overwhelming support for the Separation,” said Jonathan Evans, Lithium Americas’ President and CEO.
  • “Following the Separation, the Lithium Americas (NewCo) team is committed to advancing the Thacker Pass project toward production to support the critical North American lithium supply chain.
  • In connection with the approval of the Separation, the Company’s shareholders also passed the resolution approving a new equity incentive plan for Lithium Americas (NewCo) with 90.17% of the votes cast at the Meeting in favor of the resolution.

Lithium Americas Reports First Quarter 2023 Results

Retrieved on: 
Monday, May 15, 2023

VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported financial and operating results for the first quarter ended March 31, 2023 (“Q1 2023”).

Key Points: 
  • VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported financial and operating results for the first quarter ended March 31, 2023 (“Q1 2023”).
  • Additional purification processing equipment necessary to achieve battery-quality lithium carbonate is expected to be completed in H2 2023, following the start of pre-commercial production.
  • Ramp up to 40,000 tonnes per annum (“tpa”) of battery-quality lithium carbonate is targeted to be complete in Q1 2024.
  • On February 16, 2023, the initial tranche of $320 million closed with GM’s purchase of 15 million Lithium Americas’ common shares at $21.34 per share.

CDSG DELINEATES OVER 17 SQUARE MILES Of 4,319 PPM LITHIUM IN TITAN 1 SOUTH BLOCK

Retrieved on: 
Tuesday, May 2, 2023

Las Vegas, NV, May 02, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce strong Lithium geochemical sampling results from additional surface sampling program at the company’s Titan 1 lithium property in Tanzania.

Key Points: 
  • (i.e., the TLC project of American Lithium Corp. and the Thacker Pass of Lithium Americas Corp.).
  • Geochemical coverage of the South Block encountered positive Lithium values in 85% of samples collected with the best two lines, occurring the in northeast and southwest of the Block, averaging a continuous 2.5 miles (4kms) of 1.88% LiO2 (8,700 ppm Li) and 4.3 miles (7kms) of 1.08% Li2O (5,000 ppm Li) respectively.
  • The South Block anomaly, which has absorbed the earlier reported T1 ‘mid zone’ (see March 13, 2023 news release) currently measures 10,900 acres (44 square kms) in size.
  • The average grade of all lithium values in the South Block anomaly is 4,318 ppm Li or 0.93% Li2O
    Craig Alford, MSc.

Live Energy Minerals Corp. Reports Initial Samples Returning up to 1907 ppm Lithium at McDermitt Lithium East Project

Retrieved on: 
Wednesday, April 26, 2023

Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) ("Live Energy" or the "Company") is pleased to announce preliminary sampling results with lithium (Li) concentrations up to 1907 ppm Li at its McDermitt Lithium East Project (the "McDermitt Project").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) ("Live Energy" or the "Company") is pleased to announce preliminary sampling results with lithium (Li) concentrations up to 1907 ppm Li at its McDermitt Lithium East Project (the "McDermitt Project").
  • Live Energy's preliminary sampling program involved near surface claystone (rock) and soil samples from surface and historical shallow trenches in the project area.
  • The McDermitt Project is located within the McDermitt Caldera and shares similar geology with the neighboring Thacker Pass deposit.
  • In close proximity to the Thacker Pass deposit, Live Energy's McDermitt Project spans across a remarkable 6508 acres.

CDSG SAMPLES UP TO 2.28% LI2O AT TITAN 2 PROJECT, TANZANIA

Retrieved on: 
Monday, April 24, 2023

Las Vegas, NV., April 24, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce new positive soil geochemical sample results from further sampling of the company’s expansive Titan 2 lithium property in Tanzania.

Key Points: 
  • Las Vegas, NV., April 24, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce new positive soil geochemical sample results from further sampling of the company’s expansive Titan 2 lithium property in Tanzania.
  • The lowest positive value returned 200 ppm Li and the highest value returned 2.28% Li2O (10,600 ppm Li).
  • The soil samples were recovered from the B-soil horizon and placed in cloth sample bags.
  • The samples were thoroughly dried at 60oC during preparation and analyzed at the independent ISO 9001 certified African Minerals and Geosciences Centre (AMGC) in Dar es Salaam.

Rover Metals Receives Exploration Drill Permit for Nevada Lithium Project

Retrieved on: 
Wednesday, April 19, 2023

In H2-2022, the Company, through the vendor of the LGL project, and through ALS Laboratories, verified high-grade lithium surface samples at the project.

Key Points: 
  • In H2-2022, the Company, through the vendor of the LGL project, and through ALS Laboratories, verified high-grade lithium surface samples at the project.
  • Later-stage company comparable claystone lithium projects in southwest Nevada include Century Lithium Corp.’s Clayton Valley project; American Lithium’s TLC project; Spearmint Resources’ McGee project; Noram Lithium’s Zeus project, and Nevada Lithium’s Bonnie Claire project.
  • Judson Culter, CEO at Rover Metals, states, “It’s been a great start to the year for Nevada claystone lithium projects.
  • Management at Rover Metals believes that the LGL project is a well-timed, low cost exploration development project in the right area code.