Canada’s export agency expresses interest in Lake Resources’ Kachi lithium project
The inclusion of the Canadian agency would not increase the level of potential project financing for the project in Argentina.
The inclusion of the Canadian agency would not increase the level of potential project financing for the project in Argentina.
Piedmont has already spent $58 million on the project, which would produce about 30,000 tonnes of lithium annually.
The Chinese battery maker will acquire Millennial at a price of C$3.85 per share, a premium of 6.9% over the offer by Ganfeng.
Suzhou CATH has agreed to invest more than $400 million to become a partner in the Australian explorer’s Manono project in southern DRC.
The partners will build a plant to make lithium chemicals in Indonesia Morowali Industrial Park on the island of Sulawesi.
The Kachi lithium brine project is expected to produce 25,500 tonnes a year from 2024 with possible expansion to 50,000 tonnes.
Calculations show that a single week’s worth of water from hydraulic fracturing in Texas’ Eagle Ford Shale has the potential to produce enough lithium for 300 EV batteries, or 1.7 million smartphones
Millennial’s assets have also attracted interest from China Molybdenum, which could consider joining CATL in a bid.
Mariana is considered one of the biggest lithium deposits in the world.
Technical and battery-grade lithium carbonate prices increased by over 20% in the first half of September.