Sibanye-Stillwater grabs 50% of Nevada lithium project for $490 million
The deal is one of the largest ever in the US lithium market and it t marks Sibanye’s third battery metal investment this year.
The deal is one of the largest ever in the US lithium market and it t marks Sibanye’s third battery metal investment this year.
A bidding war is heating up for Canadian miner Millennial Lithium Corp. as Chinese firms compete to secure key elements needed for electric-vehicle batteries.
Already the fourth top producer of lithium worldwide, Argentina's national and local governments are now looking to speed up development.
Lithium prices have jumped to their highest in more than three years.
Key moves in the mining industry.
The new offer values Millennial almost 7% higher at C$377 million.
Latest testing has retained as much as 88% of the lithium in 60% of the original mass.
A new lithium metal battery offers extremely high energy density of 560 watt-hours per kilogram.
Landmark 39% increase follows the integration of the Ngungaju lithium resource and successful development drilling programs.
Pilbara shares are up around 160% so far this year, adding to a more than 200% rise in 2020.