Alkane gets Australian financial support to build rare earths mine

The assays result ranged from 347ppm to 1000ppm Li, the highest values received to date from the project.

While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.

The company's stock has fared better than many competitors in the last two years, boosted by the resilience of the lithium price, which has tripled since 2000 regardless of the commodity cycle.

Lithium companies continue to lead the stock market. While the TSX Composite gained about 13% year-to-date and S&P 500 scored a mere 6.4%, lithium companies grew by a stunning 24%.

Regardless of where a person stands on Tesla and Elon, the story remains downright fascinating for many reasons.

The world’s biggest coal producer expects to reach targets for cutting unneeded capacity by the end of 2016, which is earlier than planned.

The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.

Texas-based Ocean Minerals says the area is also rich in scandium, a key ingredient for making an extremely light, strong, corrosion resistant, heat tolerant and weldable alloy.

The government will conduct a year-long airborne survey to map mineral deposits.