Company says an updated resource estimate at its Basin project in Arizona has increased its grade by 30% and earned it a $2.5 million royalty payment.

The Biden administration and Lithium Americas Corp. are negotiating the terms of an agreement that would fund more than half of the cost of the Thacker Pass mine.

The collaboration will aim to increase Fortune's cobalt and bismuth refining operations to process co-product streams of the minerals recovered from the Kennecott smelter.

Soaring production from Indonesia is also adding to surpluses.

The net profit was underpinned by its sale of first lithium products in the second half of the year.

A Brazilian court injunction is halting the sale or mining of two plots of land where Sigma Lithium is planning open pits.

The Falchani project would bring an $880 million investment to one of Peru’s poorest regions.