- Livent Corporation (NYSE: LTHM) today announced it will release its third quarter 2022 earnings on Tuesday, November 1, 2022, after stock market close via PR Newswire and the company's website at: http:www.livent.com .
The company will subsequently host a webcast conference call on Tuesday, November 1, 2022 , at 4:30 p.m. ET that is open to the public via Internet broadcast and conference call.
Internet broadcast: http://www.livent.com .
Dial-in telephone numbers: U.S. / Canada : (888) 330-2454 International: (240) 789-2714 Conference ID # 4348515
A replay of the call will be available via the Internet and telephone from November 1, 2022 until November 15, 2022 .
Internet replay: http://www.livent.com U.S. / Canada : (800) 770-2030 International: (647) 362-9199 Conference ID # 4348515
About Livent For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent has a combined workforce of approximately 1,100 full-time, part-time, temporary, and contract employees and operates manufacturing sites in the United States , England , India , China and Argentina . For more information, visit livent.com .
Media contact: Juan Carlos Cruz +1.215.299.6170 juan.carlos.cruz@livent.com
Investor contact: Daniel Rosen +1.215.299.6208 daniel.rosen@livent.com
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E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading lithium extraction technology innovator, today announced it has strengthened its technical team with the addition of Dr. Munish Sharma as Senior Engineer, Lithium Process.
Dr. Sharma is a chemical engineer with significant R&D and product commercialization experience. He obtained his MS and PhD in chemical engineering from State University of New York at Buffalo in 2013. He brings solid experience in material development at bench and pilot scale, including mixed metal oxides for use in adsorbent and catalyst development for oil and gas refining and lithium battery development as well as operating pilot and field demonstrations. He has driven projects from concept to commercialization at UOP Honeywell where he worked as a Senior R&D Engineer.
Dr. Sharma also brings three years of research experience in the development of novel bimetallic cathodes for lithium batteries where he led projects on battery engineering and testing, lithium battery degradation mechanisms and electrochemical mechanism elucidation. His master's thesis research title was "Electrochemistry of silver vanadium oxyphosphate (SVOP) cathodes for Li-ion batteries". To his credit, Munish has two U.S. patents and 11 research articles published in the leading journals.
121 Mining Investment Online Americas E3 Metals will participate in the upcoming 121 Mining Investment Online Americas conference to be held October 28-30, 2020 . Chris Doornbos , the President and Chief Executive Officer of E3 Metals Corp, will be attending the conference virtually, which connects mining executives with institutional funds, family offices and sector analysts for one on one meetings.
For more information on the 121 Mining Investment Online Americas conference visit https://www.weare121.com/121mininginvestment-new-york/ .
E3 Metals is a lithium development company with 6.7 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources 1 in Alberta . E3 Metals is currently advancing its proprietary direct lithium extraction (DLE) process in partnership with Livent Corporation (NYSE: LTHM), a global leader in lithium production, under a joint development agreement. Through the successful scale up its DLE process towards commercialization, E3 Metals' goal is to produce high purity, battery grade, lithium products. With a significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions in the world. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada. For more information about E3 Metals, visit www.e3metalscorp.com .
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos , President & CEO
Chris Doornbos (P.Geo), CEO and Director of E3 METALS CORP., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.
1. E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017 , and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017 , identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed on June 15, 2018 , effective June 4, 2018 . All reports are available on SEDAR ( www.sedar.com ).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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E3 Metals Corp. (TSXV:ETMC, FSE: OU7A, OTC:EEMMF) (The “Company” or “E3 Metals”) is pleased to provide an update on its proprietary Direct Lithium Extraction Process (“DLE Process”) that is being advanced in collaboration with Livent Corporation (NYSE: LTHM) (“Livent”).
Figure 1: Lithium Recovery (%) Vs Reaction Time (min)
Through the continued development of E3 Metals’ proprietary Ion Exchange DLE Process, the Company is excited to outline the rapid reaction kinetics on the recovery of lithium from Alberta brine. Using brine collected from E3’s Leduc Reservoir in Alberta this past November, 2019 (see News Release Here), the technical team has successfully achieved reaction times from lab-based test work that demonstrated over 90% recover in less than 10 minutes, as opposed to hours. This is a critical achievement as the Company moves towards piloting. Faster reaction times while achieving high recoveries results in reduced retention time of brine in the processing equipment.
Lab testing has demonstrated that lithium recovery of 92% is achieved in under 10 minutes from Alberta brines (Figure 1), drastically reducing the time required to complete each cycle of lithium extraction. With the achievement of these fast reaction kinetics, the Company anticipates increased efficiencies due to accelerated lab testing. In 2020, E3 Metals will continue its joint development with Livent to optimize its proprietary Ion Exchange DLE Process for lithium extraction from Alberta brine.
“These results demonstrate the efficiency that can be obtained from the optimization of E3’s proprietary Ion Exchange Direct Lithium Extraction Process in collaboration with Livent,” Chris Doornbos, E3 Metals’ CEO commented, “This is really just the beginning of the work we are conducting together, and we anticipate further improvements as we progress towards our goal of piloting our technology in Alberta.”
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta. E3 Metals is currently advancing its proprietary Ion Exchange Direct Lithium Extraction Process (DLE Process) in partnership with Livent Corporation under a Joint Development Agreement. Livent is the world’s largest pure-play lithium producer, well-known for being one of the lowest cost producers of lithium carbonate. With facilities across the globe, Livent holds technical expertise in the extraction and production of various lithium products. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.
Through the successful scale up its DLE Process towards commercialization, E3 Metals plans to quickly move towards the production of high purity, battery grade, lithium products. With a significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions in the world. The development of this lithium resource through brine production is a well-understood venture in Alberta, where this brine is currently being produced to surface through an extensive existing oil and gas infrastructure and development. For more information about E3 Metals, visit www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
Chris Doornbos (P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.
1: E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017, and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017, identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed on June 15, 2018, effective June 4, 2018. All reports are available on SEDAR (www.sedar.com)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain forward-looking statements concerning the potential of the Company’s projects and technology, as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with E3 Metals Corp. (TSXV:ETMC, FWB:OU7A, OTC:EEMMF) for an Investor Presentation.
E3 Metals Corp. (TSXV:ETMC, FSE:OU7A, OTC:EEMMF) (the “Company” or “E3 Metals”) is pleased to provide an update on its 2020 plans and ongoing activities to advance E3 Metals’ proprietary Ion-Exchange Direct Lithium Extraction (DLE) process.
Figure 1: E3’s Large volume brine samples. Testing will use natural brine from the Leduc Formation in Alberta, Canada, collected in November 2019.
Following the announcement of the Joint Development Agreement between E3 Metals Corp and Livent Corporation (NYSE: LTHM) — see news release dated September 18, 2019 — the combined technical team is actively working on the Ion Exchange (IX) Project (the “Project”). The Project aims to test the commercial readiness of the DLE ion exchange sorbent to produce a high purity lithium concentrate from the Company’s Alberta brine. The Project test work involves a comprehensive program focused on optimizing the performance of E3’s DLE process through the refinement of all process steps, operating conditions and materials. Once the objectives and milestones of the planned testing are met, our focus will shift towards the Pilot Plant Project to test the IX Process and evaluate the production of concentrate at a larger scale. All brine tested for this program is sourced directly from the Leduc Reservoir (Figure 1).
In 2020, E3 Metals is also planning to conduct well testing, which will include brine sampling reservoir pressure testing. Our testing activities will focus on improving the reservoir model, collecting information about lithium concentrations outside of oil and gas accumulations and updating the brine delivery plan in E3’s resource area.
“I’m very pleased with the progression of E3’s work to finalize the material development portion of the project in collaboration with Livent this year,” commented E3’s CEO, Chris Doornbos. “The development work on E3’s proprietary DLE process is being advanced on multiple fronts, by both Livent and our team, including GreenCentre Canada. We are very encouraged by the pace with which the project is moving.”
To provide more details on the Company’s plans for 2020, the Company is pleased to announce a live Corporate Overview Webinar with Chris Doornbos, President & CEO on Tuesday, January 21 at 2 p.m. ET. Chris Doornbos will be going through the Company’s updated investor presentation, providing an in-depth overview of the Company’s current activities and upcoming milestones. Management will be available to answer questions following the presentation on the webinar platform via live Q&A.
Webinar Details Date: Tuesday, January 21st Time: 2:00pm ET (11:00am PT) Register: https://attendee.gotowebinar.com/register/8008133915045001483
Management will be available to answer questions following the presentation. To ask a question, please login to the GoToWebinar platform or email your question(s) beforehand to investor@e3metalscorp.com.
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta. E3 Metals is currently advancing its proprietary Ion Exchange Direct Lithium Extraction (DLE) process in partnership with Livent Corporation under a Joint Development Agreement. Livent is the world’s largest pure-play lithium producer, well-known for being one of the lowest cost producers of lithium carbonate. With facilities across the globe, Livent holds technical expertise in the extraction and production of various lithium products. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.
Through the successful scale up its DLE process towards commercialization, E3 Metals plans to quickly move towards the production of high purity, battery grade, lithium products. With a significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions in the world. The development of this lithium resource through brine production is a well-understood venture in Alberta, where this brine is currently being produced to surface through an extensive existing oil and gas infrastructure and development. For more information about E3 Metals, visit www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
Chris Doornbos (P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.
1: E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017, and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017, identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed on June 15, 2018, effective June 4, 2018. All reports are available on SEDAR (www.sedar.com)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain forward-looking statements concerning the potential of the Company’s projects and technology, as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with E3 Metals Corp. (TSXV:ETMC, FWB:OU7A, OTC:EEMMF) for an Investor Presentation.
Piedmont Lithium Limited (ASX:PLL,NASDAQ:PLL) has launched its campaign on the Investing News Network’s resource channel.
Piedmont Lithium is a resource exploration and development company focused on developing domestic sources of lithium for the emerging US electric vehicle market. The company’s flagship lithium project is located in North Carolina, proving easy access to America’s “auto alley”. The Carolina Tin-Spodumene Belt (TSB) is home to the Kings Mountain district which is regarded as one of the three largest lithium-bearing pegmatite deposits in the world, attracting major mining companies including Livent Corporation (NYSE:LTHM) and Albemarle Corporation (NYSE:ALB).
North Carolina has a wealth of mining infrastructure including access to power, research and development centers and downstream lithium processing facilities that are expected to enable efficient operations moving forward. Piedmont Lithium’s 2019 scoping study for its North Carolina project included a mine and concentrator capable of producing 160,000 tonnes of spodumene concentrate per year and a steady-state 22,700 tonne per day lithium hydroxide chemical plant. Piedmont is on track to deliver a pre-feasibility study in Q2 2020.
Piedmont Lithium’s company highlights include the following:
Click here to connect with Piedmont Lithium Limited (ASX:PLL,NASDAQ:PLL) and to request an Investor Presentation.
E3 Metals Corp. (TSXV:ETMC, FSE:OU7A, OTC:EEMMF) (the “Company” or “E3” or “E3 Metals”) is pleased to announce that Livent Corporation (NYSE: LTHM) has contributed the initial US $1.5 million dollars in relation to the Joint Development Agreement (the “Agreement”). This initial contribution marks the commencement of the Joint Development Project with Livent for the technical advancement of E3 Metals’ proprietary on exchange Direct Lithium Extraction (DLE) Process. The ultimate goal of the Agreement is to develop a process to produce battery quality lithium products from the lithium enriched brines located in the Leduc Formation in Alberta.
Livent will contribute up to US $5.5 million to the Joint Development Project. On satisfaction of the full US $5.5 millionin funding and completion of the Joint Development Project, for a period of 90 days, Livent will have the option to convert its US $5.5 million investment into 6,229,368 common shares in the capital of E3, representing 19.9% equity ownership of E3 based on the current share structure (the “Conversion”). Should Livent elect to proceed with the Conversion, Livent can appoint one member to E3’s Board of Directors, provided Livent maintains not less than a 5% equity interest in the Company. Under the Agreement, should Livent not provide the entire US $5.5 million, then: i), Livent is not entitled to the Conversion; ii) E3 has no obligation to return any funds contributed by Livent; iii) all E3 IP and jointly developed new IP (other than improvements to Livent IP) will revert to E3. Livent has also been granted additional limited anti-dilution rights.
“We are thrilled to be working with Livent to advance our proprietary process and the Alberta Lithium Project,” said Chris Doornbos, President and CEO of E3 Metals. “We believe this collaboration will accelerate the advancement of the innovative technology we have developed to date. The Joint Development Project demonstrates E3’s commitment to the commercialization of lithium in Alberta.”
In conjunction with the initial funding by Livent of the jointly owned and newly incorporated joint development company, and in accordance with the terms of its Financial Advisory Agreement with Hampson Equities Inc. (“HEL”), E3 has agreed to pay HEL a cash fee of CAD$119,610 (being 6% of the US$1.5 million contribution) and issue HEL 109,935 warrants (the “Warrants”), each Warrant being exercisable into a common share of E3 at a price of CA $1.17 per share for a period of 2 years from the date of issuance. The $1.17 conversion price for the Warrants is based on an implied share price valuation that assumes an investment of US $5.5 million using the current USD/CAD exchange rate and the issuance of 6,229,368 shares. Notwithstanding the foregoing, E3 Metals makes no representations as to the current trading price of its shares in the public market or whether the entire US $5.5 million investment will be made.
For more than six decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 800 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina. For more information, visit Livent.com.
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta. Through the scale up of its proprietary ion exchange direct lithium extraction process, E3 plans to quickly move towards the production of high purity, battery grade, lithium products.
E3 Metals combines a significant resource and innovative technology solutions that have the potential to deliver lithium to market in one of the best jurisdictions in the world. The development of this lithium resource through brine production is a well-understood venture in Alberta, where this brine is currently being produced to surface through extensive oil and gas development. For more information about E3 Metals, visit www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO E3 METALS CORP.
Chris Doornbos (P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.
1: E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017, and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017, identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed on June 15th 2018, effective June 4th 2018. All reports are available on SEDAR (www.sedar.com)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain forward-looking statements concerning the potential of the Company’s projects and technology, as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with E3 Metals Corp. (TSXV:ETMC, FWB:OU7A, OTC:EEMMF) for an Investor Presentation.
Winsome Resources Limited (ASX: WR1; “Winsome” or “the Company”) is pleased to provide an update on the latest drilling campaigns which have commenced at the Company’s Cancet and Adina Lithium projects in Quebec, Canada.
Following delivery of an RC rig by helicopter and assembly on site, drilling has commenced at Cancet. The exploration team continues to prepare target holes across multiple new pegmatite outcrops which were identified during on-ground exploration through the summer months.
The estimated six-week program will also drill targets where gravity anomalies have been identified, as well as confirm mineralisation extensions to the main dyke following recent stripping and channel sampling.
The drill rig will be moved by helicopter between the targets at Cancet to ensure the program runs quickly and efficiently.
At the same time, a heli-portable diamond core rig has commenced drilling multiple targets at the Company’s Adina project. The campaign will complete an estimated 5,000m of drilling, including infill holes across previously identified mineralisation, as well as testing new mineralisation announced following recent rock chip sample assay results (see Exceptional high grade Lithium assays fromAdinaASX release, 30 September 2022).
Drilling will also investigate gravity anomalies at Adina, which have the potential to reveal under cover extensions to the known pegmatites.
Following completion of the core drilling campaign at Adina, which is expected to last six to eight weeks, the rig will be redeployed to Cancet to immediately follow up on the RC drilling campaign and conduct additional infill drilling as the Company progresses towards announcing a maiden resource in 2023.
While assays from the SGS laboratory in neighbouring Ontario province are expected to take six to seven weeks or longer as the case may be due to an ongoing backlog of work, Winsome intends to dispatch samples on a weekly basis to facilitate the fastest possible turnaround.
Winsome Resources Managing Director Chris Evans said:
“The Winsome team is excited to see these latest drilling campaigns underway.
“The ongoing good news from recent visual observations, rock chip sampling and gravity surveys, coupled with previous drilling at both Cancet and Adina, have helped us to build our understanding of the mineralisation and these drilling campaigns should give us even greater clarity as we move towards announcing a maiden resources.
“We look forward to providing regular updates over the coming months as drilling and assay work progresses.”
Click here for the full ASX Release
This article includes content from Winsome Resources Limited, 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.
Power Metals Corp. (" Power Metals " or the " Company ") (TSXV: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to announce ongoing drill results from the West Joe Dyke at its 100% owned Case Lake Property in Cochrane, Ontario .
Drilling on the West Joe Dyke has intersected multiple pollucite intervals with up to 24.07 % Cs 2 O at a shallow depth of 15.00 m in drill hole PWM-22-143. Pollucite is the only ore mineral of Cs. The West Joe pollucite zone is characterized by secondary lepidolite (Li) and muscovite along fractures in massive white pollucite. The pollucite zone is enclosed within the inner intermediate zone consisting of coarse-grained pale green spodumene (Li), coarse-grained white K-feldspar enriched in Rubidium (Rb), and Ta-oxide minerals.
SGS Burnaby, British Columbia analytical lab was so surprised by the exceptionally high cesium assays that they assayed the samples multiple times and further sent the samples to SGS Lakefield, Ontario which confirmed the numbers and signed off on the assay certificate. Dr. Julie Selway , VP of Exploration, reassured SGS that the cesium results were to be expected because pollucite was visible in the drill core.
Dr. Selway states, "The drill core with 24.07 % Cs 2 O over 1.0 m is the highest and most impressive cesium assay in properties that I have worked on in my career. One of Power Metals' goals for the summer 2022 drill program was to follow up on the 14.70 % Cs 2 O over 1.0 m in drill hole PWM-18-126 from 2018. The 2022 drilling cesium results have surpassed the 2018 results and has further confirmed the economic value of the West Joe Dyke."
Chairman & CEO, Johnathan More , stated "These cesium high-grade zones have far exceeded our expectations this early in the game. World leader, Sinomine Resource Group, invested in Power Metals earlier this year and both parties are excited with these results. Cesium is extremely rare to find and is currently not being mined anywhere in the world. Historically, it is found in small quantities and the current mineralization seen at Case Lake is being found near surface. These results along with reported and ongoing lithium mineralization is creating massive value for this property."
The West Joe pollucite zone has Cs grades similar to that of Sinclair cesium mine, Australia held by Essential Metals Limited (ASX: ESS). Pollucite was mined by open pit from the Sinclair mine in 2018 (Pioneer Resources Limited, press release dated Dec. 12, 2018 ). There are only two other commercial cesium mines globally: Tanco mine, Manitoba and Bikita mine, Zimbabwe . In addition to the Cs grade, West Joe has the advantages that the pollucite has shallow depths of less than 50 m below surface and road access to make it easy for future extraction. Another advantage of West Joe is that it has three economic commodities in the same zone: lithium, cesium and tantalum. Canadian, Ontario and United States governments have labelled all three commodities as critical metals.
Table 1 Assay highlights for West Joe Dyke, drill holes PWM-22-141 to 147.
Drill holes are oriented perpendicular to the strike length of the pegmatite, so mineralization is close to true width.
The pollucite zone at West Joe differs from the other three global cesium mines in that at West Joe spodumene is the dominant lithium mineral whereas at the other cesium mines petalite and lepidolite are the dominant lithium minerals.
The primary use of the cesium mined at Tanco, Manitoba is for cesium formate brines used for high pressure, high temperature well drilling for oil and gas. Cesium bromide is used in infrared detectors, optics, photoelectric cells, scintillation counters and spectrometers (USGS Mineral Commodity Summaries 2022). Cesium isotopes are used in atomic resonance frequency in standard atomic clocks which play a vital role in aircraft guidance systems, global positioning satellites and internet and cellular telephone transmissions (USGS Mineral Commodity Summaries 2022).
West Joe Dyke was discovered for its spodumene (Li) mineralization in August 2018 . Drilling on the Dyke lead to the discovery of cesium mineralization in the fall of 2018 with six drill holes intersecting pollucite in drill core (i.e., PWM-18-111, 112, 116, 123, 124 and 126). The best assay was 6.74 % Cs 2 O over 5.00 m , 11.00 to 16.00 m interval including 14.70 % Cs 2 O over 1.00 m , 13.00 to 14.00 m interval from drill hole PWM-18-126 (PWM press release dated Nov. 13 , 2018). Summer 2022 drilling has intersected pollucite in five drill holes (i.e., PWM-22-128, 143, 144, 145 and 147). Cesium assays of 6.53 % Cs 2 O, 1.28 % Li 2 O and 324.0 ppm Ta over 1.0 m were previously disclosed in a press release dated Aug. 19, 2022 .
Power Metals 2022 summer drill program is for 5000 m and over 2700 m has been completed to date. This press release reports assays received to date from drill holes PWM-22-141 to 147 on the West Joe Dyke. The purpose of each drill hole was to infill on known mineralization to aid in a future resource estimate.
Drill hole collar coordinates are given in Table 2.
Table 2 West Joe, Case Lake drill hole collar coordinates. NAD 83, Zone 17. Trimble R2 GPS survey with 2 cm accuracy in the horizontal.
The drill core was sampled so that 1 m of the Case Batholith tonalite host rock was sampled followed by 1 m long samples of the pegmatite dyke and 1 m of the Case Batholith. The sampling followed lithology boundaries so that only one lithology unit is within a sample, except for the Cochrane by Power Metals' geologists. The core was prepared at SGS Garson and analyzed at SGS Burnaby, British Columbia which has ISO 17025 certification. Every 20 samples included one external quartz blank, one external lithium standard and one core duplicate. The ore grade Li 2 O% was prepared by sodium peroxide fusion with analysis by ICP-OES with a detection limit of 0.002 % Li 2 O. A Quality Control review of the standards, blanks and core duplicates indicated that they all passed. The ore grade Cs 2 O% for > 10000 ppm Cs was prepared by alkaline metal digestion with analysis by FAAS with a detection limit of 0.002 % Cs. Ore grade cesium was analyzed by SGS Lakefield, Ontario which also has ISO 17025 certification.
Case Lake Property is located 80 km east of Cochrane , northeastern Ontario close to the Ontario - Quebec border. Case Lake Property consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships, Larder Lake Mining Division. The Property is 10 km x 9.5 km in size with 14 identified tonalite domes. The Case Lake pegmatite swarm consists of six spodumene dykes: North, Main, South, East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome. The Case Lake Property is owned 100% by Power Metals Corp. A National Instrument 43-101 Technical Report has been prepared on Case Lake Property and filed on July 18, 2017 .
Julie Selway , Ph.D., P.Geo. supervised the preparation of the scientific and technical disclosure in this news release. Dr. Selway is the VP of Exploration for Power Metals and the Qualified Person ("QP") as defined by National Instrument 43-101. Dr. Selway is supervising the exploration program at Case Lake. Dr. Selway completed a Ph.D. on granitic pegmatites in 1999 and worked for 3 years as a pegmatite geoscientist for the Ontario Geological Survey. Dr. Selway also has twenty-three scientific journal articles on pegmatites.
Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high quality mining projects. We are committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. We see an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries. Learn more at www.powermetalscorp.com
ON BEHALF OF THE BOARD,
Johnathan More , Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States , or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Power Metals assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com .
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/13/c7896.html
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Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to report the completion of the trial mining test-pit to advance mine pit design and discussions with offtake partners at its 100% owned Cloud Nine Halloysite-Kaolin Deposit (“Cloud Nine”) in Western Australia.
Latin Resources Managing Director, Chris Gale commented:
“The completion of the test-pit and collection of bulk samples is an important stepping-stone in the development of the Cloud Nine Project as a world class kaolin deposit. The bulk samples have now been sent to the potential customers for final analysis. We are also working on our scope of works, along with mine permitting for a DSO style product to sell to our potential customers. If the numbers stack up, Cloud Nine could develop into a great project for Latin Resources."
A test pit has been successfully excavated at the Cloud Nine Halloysite-Kaolin Deposit. The objective of the test pit is to:
The test pit was excavated in accordance with the Program of Works, which was approved by DMIRS early in 2022, and successfully extracted the planned volume of kaolin.
Kaolin extracted from the test-pit will be used in bulk scale metallurgical testing, and importantly, will be used to prepare bulk product samples which will be sent to two separate groups currently in discussion with the Company in respect to potential offtake agreements, this will enable them to undertake their own product qualification testing.
The Company has previously provided multiple small-scale samples from Cloud Nine to these two parties. Discussions with both groups are ongoing and have included options to supply short term Direct Shipping Ore (“DSO”) products, as well as supplying value-added processed kaolin and halloysite products in the longer term.
Excavation of the test pit has also provided the Company with valuable information to further refine preliminary assumptions, including mining and stockpile designs, mining method and equipment selection and preliminary geotechnical assumptions. Material samples will also assist with further testing and analysis to continue improving the understanding of the deposit including the overlying material.
Click here for the full ASX Release
This article includes content from Latin Resources Limited, 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.
The buildout of lithium-ion battery supply chains has become a geopolitical matter, with western economies trying to play catch up with Asia at the same time as they try to reduce carbon emissions to reach their green goals.
In Europe, the European Commission has been moving ahead with proposals to ban internal combustion engine cars, and it is now looking to address the need for battery metals in its soon-to-be announced Critical Raw Materials Act.
Back in 2020, lithium was added to Europe’s critical raw materials list for the first time, joining other key battery metals such as cobalt and natural graphite. But the region is currently lacking any meaningful production of these key raw materials, despite the ever increasing push to build out regional supply chains to avoid being overly dependent on foreign countries.
“We see Europe requiring close to 800,000 tonnes of battery grade lithium chemicals by 2030,” Infinity Lithium’s CEO Ryan Parkin said during a panel at Fastmarkets’ European Battery Raw Materials conference. “Today, there's close to 700,000 tonnes globally. So there's going to be some fair challenges as we move forward within Europe to secure key raw materials and downstream conversion capacity.”
Also speaking at the event held in Barcelona in September, Sascha Keen of Savannah Resources said that securing lithium supply in Europe is certainly a challenging task.
“The currently known resources within Europe are not sufficient,” Keen said. “I think there’s an opportunity to grow those resources … if you added up all the European projects on an exploration basis, this could be a much more substantial supply, but either way we're going to need all these projects to come on stream.”
Similarly, Austin Devany of Piedmont Lithium (NASDAQ:PLL,ASX:PLL) said he doesn’t believe Europe can secure enough lithium to meet its demand.
“If you look at all the demand and supply forecasts, all of them are short — everyone sees a shortage for lithium materials,” Devany said. “It requires development of projects to build some level of self sufficiency so you can be not as reliant on other foreign countries, particularly adversaries who might use it as a weapon.”
For the chief commercial officer, Europe needs to focus not only on its mines, but also on building processing plants.
Another key EV battery material is cobalt, which Fastmarkets expects will continue to be an essential element in batteries and in EVs going forward.
“A lot of discussions looking at lithium-iron-phosphate cathodes are a headwind for cobalt, but there are still a lot of offtake agreements in place now, there are still automakers which are looking at including cobalt in their chemistries going forward, with nickel-cobalt-manganese being one of the favored chemistries in the western world,” Fastmarkets Battery Raw Materials Analyst Robert Searle said.
Today, about 70 percent of cobalt comes from the Democratic Republic of Congo, where mining has often been linked to human right abuses and child labour, and in coming years that supply number is expected to only strengthen.
“So it's not necessarily a case where we can say, we can look to quickly diversify or we can move away. Similarly, this extended investment that's going on in Indonesia, we are expecting more cobalt supply to come from there,” he said. “But again, there are still issues regarding environmental-social-governance in that country.”
In terms of securing graphite, which is essential to the anode side of EV batteries, the upcoming gigafactories in Europe will need anything from around 1 to 2 million tonnes of anode material in the next 10 years, according to George Frangeskides of GreenRoc Mining (LSE:GROC).
“So if you think about those four or five or six projects that are likely to come on stream, they are going to provide probably around 300,000 tonnes, so (there will be) a shortfall of anything from 700,000 to 1.7 million tonnes,” he said. “Clearly there is still going to be a need for Europe to get its graphite from somewhere else.”
Currently, about 95 percent of synthetic graphite comes from China; for natural graphite anode material, 100 percent of the refining capacity today happens in the Asian country.
Also speaking at the event in Barcelona, Joe Williams of Syrah Resources (ASX:SYR) said "there’s no way" Europe will be able to "get away" from China.
“China will remain key in the processing market, and it's very competitive there. So that's not going to change,” he said. “But we still should, of course, build that processing capacity through Europe locally.”
For miners, permitting continues to be a crucial challenge, as projects have been stopped for months before given the green light, if they are given it at all. In Europe’s battery metals sector, a prime example is Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) US$2.4 billion Jadar lithium project in Serbia — which the government blocked after massive environmental protests.
“Europe is very under-explored. So there are plenty of opportunities for raw materials to be found in Europe and elsewhere,” Massimo Gasparon of the European Raw Materials Alliance said. “So the supply itself is not the problem, the problem is the permitting, and that needs to be addressed and hopefully will be addressed in the (Critical Raw Materials) Act.”
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Piedmont Lithium is a client of the Investing News Network. This article is not paid-for content.
Western Australia could play a key role in developing the critical minerals needed to help the world transition from fossil fuels to greener sources of energy.
The state accounts for around half of global lithium production and is a major exporter of nickel, cobalt, manganese and rare earths — all key raw materials used in the production of electric vehicles.
Speaking at this year’s Critical Minerals and Energy Investment conference, Western Australia’s Mines and Petroleum Minister Bill Johnston said there’s no question that the decarbonisation of the transport industry is critical.
Australia has committed to reaching net zero by 2050, as well as cutting emissions by 43 per cent compared to 2005 by the end of this decade.
“It's one of the easy wins in the pathway to net zero because we already have technologies that can replace the internal combustion engine,” he said during a panel discussion. “Electric vehicles use a lot more metal than traditional vehicles. So therefore, there's going to be that huge additional demand, depending on who you talk to, six times, or eight times, or 10 times more demand than presently.”
Lithium is currently the third highest mineral by sales value in Western Australia, with high spodumene prices driving concentrate sales to a record AU$6.8 billion — more than two-and-a-half times its previous record.
But the state government doesn’t want to stop at the upstream stage, with Minister Johnston saying Western Australia wants to go down further in the value chain for a whole range of reasons.
“Some of those are simply because we want the jobs, others are these geopolitical questions,” he said. “When we pitch to global investors about why we want them to invest in a processing project here, we talk about the domestic risks, and we point out the benefits of doing their processing here.”
In the lithium sector, Tianqi Lithium (SZSE:002466), Albemarle (NYSE:ALB) and Covalent Lithium, a joint venture between SQM (NYSE:SQM) and Wesfarmers (ASX:WES), have all invested in developing processing capacity in Western Australia.
The amount of lithium that is going to be needed will increase by four times in the next eight years, according to Resource Capital Funds chief commodities strategist Robert Gray.
“We need to add 2 million tonnes to a capacity, not a production amount, but a capacity that currently sits around 500,000 to 600,000 tonnes per annum. Most of that is going to come from hardrock deposits, and Western Australia leads the way in that respect,” he told the audience in Perth. “It’s up to the finance sector to be essentially bringing that investment capital to the development opportunities here in the state and elsewhere around the world.”
The opportunities in the critical mineral sector are clear, but in order to develop the supply chains of these metals, Ron Mitchell of Global Lithium (ASX:GL1) believes that what is needed is more of a partnership approach.
“The supply chain historically has been very segmented,” he said. “You've got the upstream, downstream; there's been very little collaboration between those segments and there needs to be greater collaboration.”
The build out of domestic or regional supply chains around the world has picked up pace in recent years, with western countries trying to reduce their dependence on Asia. Moves from the US, which launched its Inflation Reduction Act, and Europe, soon to announce a detailed Critical Raw Materials Act, point to how geopolitical the discussion has become.
Peter Nicholson of Appian Capital Advisory, who was also part of the panel discussion around how to support investments in critical minerals, said there’s a disconnect between the intent of politicians, and probably CEOs and the environmental-social-governance components of businesses, and the purchasing department.
“Because there is not a financial imperative for the purchasing guy to buy more expensive rare earths products or any other critical mineral for that matter from a more expensive supplier,” Nicholson said. “So you are seeing the Chinese supply chain remain in place, even though the rhetoric we're hearing elsewhere is around diversifying.”
For Nicholson, self sufficiency is a great concept that is easy for everyone to buy into.
“But how do we drive that? Because that's a financial game, and at the end of the day, as an investor, you are invested because you want to make money and that's the reality. And bridging that gap is incredibly difficult,” he said. “I can honestly say that the ATO has made it 30 percent harder to invest in Australia than anywhere else, because they are taxes on investors that you do not get in any other part of the world.”
For the fund manager, Australia has got the skills, the people, the materials, but has this massive barrier for finances.
“And there's just this disconnect between what governments are looking for, and the financial incentives for people that are actually going to be able to bring it to bear,” he said.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
As lithium demand continues to rise, it is useful for investors to gain an understanding of the different lithium deposit types at play.
Lithium is mined from three different deposit types: lithium brine deposits, pegmatite lithium deposits and sedimentary lithium deposits. Each comes with different project requirements, extraction methods and processing times.
Brine deposits, for example, are the most common, accounting for more than half of the world’s lithium resources, but may require longer processing periods. The majority of global lithium production comes from continental lithium brine deposits.
The best example of a continental lithium brine deposit is the 3,000 square kilometer Salar de Atacama in Chile, home to one of the world’s richest deposits of high-grade lithium. You can read more about this deposit type by clicking here.
Pegmatite lithium deposits and sedimentary lithium deposits are also important to know about, and the article below outlines their key characteristics. Scroll on to learn more about their importance today.
Pegmatite is a coarse-grained intrusive igneous rock formed from crystallized magma below the Earth’s crust. Pegmatite lithium deposits, also known as hard-rock lithium deposits, can contain extractable amounts of a number of elements, including lithium, tin, tantalum and niobium.
Lithium in pegmatites is most commonly found in the mineral spodumene, but also may be present in other minerals such as petalite, lepidolite, amblygonite and eucryptite.
Australia, the US, Canada, Ireland, Finland and the Democratic Republic of Congo are known to host pegmatite lithium deposits. The top-producing spodumene pegmatite operation, known as the Greenbushes mine, is located in Australia, and it is owned by Talison Lithium. Talison is controlled 51 percent by China’s Tianqi Lithium (SZSE:002466) and 49 percent by Albemarle (NYSE:ALB).
Also in Australia is the Mount Cattlin spodumene mine, an open-pit mine that rests on a flat-lying pegmatite ore body. Mount Cattlin was originally developed by Galaxy Resources, which merged with Argentina-based miner Orocobre in August 2021 to form a multinational mining corporation rebranded as Alkem (NSE:ALKEM) and considered to be one of the five largest lithium producers.
In addition, Alkem holds the James Bay lithium pegmatite project in Quebec, with indicated lithium resources of 40.3 million metric tons (MT) grading 1.4 percent lithium oxide, according to a resource estimate.
Hard-rock ore containing lithium is extracted at open-pit or underground mines using conventional mining techniques. The ore is then processed and concentrated using a variety of methods prior to direct use or further processing into lithium compounds.
Extracting pegmatite lithium from hard-rock ore is expensive, meaning that such deposits are arguably at a disadvantage compared to brine deposits. However, pegmatite lithium deposits have considerably higher lithium concentrations than brines, so deposits with extremely high lithium values may still be economically viable. The production of other metals, such as tin and tantalum, can also help offset costs.
It is worth noting that hard-rock deposits are not subject to the sometimes 12 month long processing times currently seen at some brine deposits.
Sedimentary rock deposits account for about 8 percent of known global lithium resources, and are found in clay deposits and lacustrine evaporites.
Clay deposits — In clay deposits, lithium is found in the mineral smectite. The most common type of smectite is hectorite, which is rich in both magnesium and lithium. It gets its name from a deposit containing 0.7 percent lithium found in Hector, California.
Many companies are in the research and development phases for their clay deposits, but no companies currently produce lithium from them.
Lacustrine evaporites — The most commonly known form of lithium-containing lacustrine deposit is found in the Jadar Valley in Serbia, for which the lithium- and boron-bearing mineral jadarite is named.
The Jadar deposit, owned by Rio Tinto (NYSE:RIO,LSE:RIO,ASX:RIO), reportedly contains more than 200 million MT of lithium. The company claims it is one of the largest lithium deposits worldwide. The project is currently in the prefeasibility stage and could be in commercial production by 2027. Rio Tinto has committed to US$2.4 billion to developing the project.
This is an updated version of an article originally published by the Investing News Network in 2012.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company or commodity mentioned in this article.
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