Peruvian President Martin Vizcarra says his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine.
MGX plans to drill and test for lithium deposits from CLS' three sites, Francisco Basin, Laguna Brava and Laguna Escondida, with the goal of bringing its rapid extraction system to the heart of the lithium triangle.
Exactly six months after hinting at the possibility of opening shop in Chile, MGX Minerals is acquiring 50 per cent of the issued shares of Chilean Lithium Salars.
The value of exports of the metal from Chile, one of the world's top producers of lithium, jumped 51 percent in the first seven months of the year.
Short selling of shares in lithium miners SQM, Albemarle, Galaxy and Orocobre has ballooned this year, reflecting a sign of growing scepticism.
The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.
The bond had an annual interest rate of 4.5 per cent and a duration of 15 years, Calichera said in a note to the market regulator.
Chilean lithium miner SQM on Wednesday night announced the resignation of its chief executive Patricio de Solminihac.
Unexpected leadership changes within a day at the world’s two largest lithium producers underscore concerns over a lack of executive experience in the industry amid a nascent boom for the battery metal.
