The Egyptian mine's reserves reached 5.8 million oz. this year, a 10% increase from the 5.3 million oz. estimate in the life of mine plan.

CRU says markets, policy, new technologies, sustainability and the energy transition will become ever more interlinked and complex.  

The Canadian miner said Panama also declared the concessions were in a reserve area, cancelling them altogether.

Close to 2,500 workers joined Minera Panamá’s special voluntary retirement scheme following the order received by parent company First Quantum Minerals to end mining operations at the Cobre Panamá copper mine.

Mining licence comes at a time when prices for the radioactive material have rallied to hit almost 16-year highs.

The start-up is deploying AI-based technology to search for lithium in South Korea, Canada, the US, Australia and Africa.