The executives behind Brazilian lithium play Latin Resources have rattled the tin to fund exploration across Core Energy Minerals' new uranium prospects.
Gold Mountain has recorded promising lithium results from a batch of stream sediment samples at its Salinas II project in Brazil's emerging Lithium Valley. All but one of the 55 samples returned significant lithium anomalism, with the concentrations being found at the company's Bananal Valley tenements along strike from Latin Resources' 70 million-tonne Colina deposit.
Si6 Metals says it has mapped and sampled clay-rich saprolite outcrops prospective for ionic-adsorption clay rare earths up to 12m thick at its Caldera JV project it shares with Foxfire Metals in Brazil. Assays are now pending after the JV sent 16 soil, channel and auger samples to the SGS Geosol laboratory in the Brazilian State of Minas Gerais.
Si6 Metals and Foxfire Metals are poised to launch their joint venture search for rare earths and lithium at their Caldera project in Brazil that sits near Meteoric Resources' colossus Caldeira play boasting 409 million tonnes at 2626ppm TREO. Geophysical studies are underway and surface sampling will begin this week, while lithium exploration will begin in this year's second quarter in the “Lithium Valley”.
Si6 Metals and Foxfire Metals are poised to launch their joint venture search for rare earths and lithium at their Caldera project in Brazil that sits near Meteoric Resources' colossus Caldeira play boasting 409 million tonnes at 2626ppm TREO. Geophysical studies are underway and surface sampling will begin this week, while lithium exploration will begin in this year's second quarter in the “Lithium Valley”.
Si6 Metals has confirmed it is now the co-owner of 10 prime Brazilian exploration licenses covering a massive 17,000 hectares prospective for lithium, rare earths, gold, base metals and platinum group elements. And its new joint venture with Foxfire Metals plans to start exploring ground this month in the Caldera rare earths project area, which sits within the State of Minas Gerais.
Western Australia's resources middle tier could be at the heart of $170 billion in GDP growth by 2040, but only if the nation acts on its critical minerals opportunities, according to PwC.
Lithium hopeful Latin Resources has received firm commitments to raise $35 million through an institutional placement to bolster its exploration efforts in Brazil.
Perth-based explorer Si6 Metals has promoted its executive director Jim Malone to managing director as the company matures rare earths and lithium projects in Brazil, in addition to other operations in Botswana and Australia. It comes after it moved to acquire about 178 square kilometres of tier-one Brazilian rare earths and lithium ground in the Jequitinhonha Valley – which is fast becoming known as “Lithium Valley”.
From the sometimes dark and dingy bedroom corners that play home to online gaming, to the searingly bright lights of one of the world's hottest commodities, Lithium Universe has orchestrated a remarkable ASX transformation. Lithium Universe confirmed last Friday it had raised its maximum subscription of $4.5 million at a share price of 2 cents each, announcing itself a new lithium industry player.
Lithium chaser Gold Mountain plans to use a fresh cash injection of $2.25 million from the company's latest capital raise to turbocharge its exploration efforts in the mineral's burgeoning Brazilian hotspot. Management says its exploration to date has identified 250 pegmatites, with multiple soil and rock-chip sample results pending as it eyes a maiden drilling program by years end.
Having recently pivoted into an emerging lithium hotspot in Brazil, Gold Mountain is promptly exploring its significant package of tenements as it eyes its first drilling program by the year's end. The company's exploration to date has identified 250 pegmatites, with multiple soil and rock-chip sample results pending. Gold Mountain is just starting its lithium climb.
Perth-based explorer Si6 Metals has moved to acquire about 178 square kilometres of tier-one Brazilian rare earths and lithium ground in that country's renowned “Lithium Valley”. The company has completed its due diligence on the deal and will proceed with the acquisition of a portfolio of 10 tenements in partnership with the ground's owner, Foxfire Metals, subject to shareholder approval and independent expert review.
ASX-listed explorer Gold Mountain's stock doubled from 0.0035 cents to 0.007c after it unveiled a massive land acquisition in prime lithium real estate in Brazil. Management says its 3921sq-km package gives the company the biggest footprint of any Australian explorer in the region as it looks to transform from gold explorer to lithium player.
Minerals explorer Si6 Metals will dive into some due diligence after entering into a joint venture and agreeing to acquire a 50 per cent interest in a portfolio of Brazilian lithium and rare earths projects. Management says the deal with Foxfire Metals is subject to a 30-day due diligence period and covers five tenements and five applications across four different project areas in Brazil.
Our weekly appointments wrap includes Casey Mihovilovich, Mark Newman, Mitchell Thomas, Liz Westcott, Victoria Stamper, Joseph Lloyd, Don Fry, Lorelle Fry, Tammy O'Connor and Christopher Hicks.
Internationally recognised lithium expert Joe Lowry expects the price of battery quality lithium carbonate to continue its upward trajectory into 2027 before hitting highs of US$97,000 per tonne as the supply and demand curve starts to invert. Speaking at this year's Lithium Update by the Experts at Perth's Hyatt Hotel, Lowry dubbed lithium the “irreplaceable element” in the new energy transition and says the balance of power in the industry has switched from China to Australia and South America.
Latin Resources continues to build its portfolio of projects in Australia, having landed a new lease in NSW's prolific Lachlan Fold Belt. The new Burdett project lies immediately to the south of the company's recently acquired Manildra tenure, delivering Latin a strategic position over the historic Burdett goldfield.
Eon NRG is pleased to announce that the Company's rights issue, as detailed in the Prospectus dated 6 February 2019, has been well supported by Eon's shareholders and new investors and is now close
Overland Resources Limited is pleased to advise that it has executed a Sale and Purchase Agreement with Peter Gianni to acquire a 100% interest in Exploration Licence Application 53/1971 for a tota
Okapi Resources Limited (ASX:“OKR”) (“Okapi” & “Company”) is pleased to announce that, further to its announcement of 24 January 2018, it has completed the issue of 2,142,857 fully paid ordinar
Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.
Latin Resources has entered into a $3.12 million funding agreement with US-based Lind Partners Australia to fund the development of its copper projects and its Guadalupito Andaulsite heavy mineral sands project in Peru.
Latin Resources' Guadalupito project has moved a step forward with the appointment of bespoke natural resource financial advisory Northcott capital as funding consultant for the project
Two months after acquiring fraccing technology developer Ecopropp, energy company Coretrack has completed a successful raising of $2 million to advance the new business.
Perth-based mining exploration companies Latin Resources, Talga Resources and Sovereign Metals have announced plans to raise capital to fund their respective offshore projects, collectively worth $8.45 million.
Is $1,500 per day plus all reasonable expenses a good rate of pay for the top executive at a junior mining company in the midst of a cost-cutting drive? Read Business News' latest quarterly salary survey to learn more.
Latin Resources shares have rocketed after the company announced China-backed Junefield Holdings had taken a 16.8 per cent stake in the company after executing two agreements worth a combined $52 m
Western Australia-based resources firms Crescent Gold, Latin Resources, and Hot Chili have each announced strong interest and oversubscriptions to capital raisings collectively worth around $16 million.
Shares in Perth-based mineral sands hopeful Latin Resources have jumped after it announced a major expansion of its Guadalupito iron and mineral sands project in Peru.
