Australian lithium miners Orocobre and Galaxy to merge in $3bn deal
Business combination creates world’s fifth-biggest producer of lithium chemicals, used to make EV batteries.
Business combination creates world’s fifth-biggest producer of lithium chemicals, used to make EV batteries.
Mineral Resources Ltd, Orocobre Ltd and Galaxy Resources filed reports that pointed to a rebound in lithium demand.
The Vancouver-based miner says quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within the Sarcobatus Valley, where Bonnie Claire is located.
The bank, until now cautious in its predictions for the battery metal, has followed lithium enthusiasts with an optimistic set of forecasts.
Multiple high-grade lithium pegmatite drill intersections struck at new targets adjacent to the Ewoyaa lithium project.
Lithium prices received by the company were up nearly 90% over the last six months.
Chile’s top lithium regulator is preparing to slash the red tape that investors have long said stymies output and new projects in the world’s No. 2 producer.
The Aussie junior has reported a 40% increase in its lithium resource at the North Carolina-based project.
The Canadian company identified two large, anomalous sub-basins within the project’s Aparejos Salar.
The miner has proved the process of roasting and leaching waste rock to recover high grades of the metal at its Boron plant in California.
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