The project will receive just over €900 million in handouts and guarantees from Germany, which helped prevent the project being lured to the US.

The lithium developer announced a new spodumene-pegmatite occurrence.

A new PEA gave the project a post-tax net present value of $257 million and an internal rate of return of 22.3%.

Among Goldman’s year-end forecasts, copper was seen at $10,000 a ton, aluminum at $2,600 a ton, and gold at $2,300 an ounce.

Washington's drive to make the United States a major global lithium producer is being held back by a confusing mix of state regulations.

The feasibility study for the plant is expected to be completed in the March quarter of 2025.

The investment is led by Harry Lundin and Rick Rule.