Rio Tinto pulls offer for stake in world’s largest lithium miner
Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.
Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.
The Falkenhain deposit, in the German state of Saxony, is located about 5 km from another Bacanora asset in Germany — the 50%-owned Zinnwald lithium project.
The bulk of new capacity would come online in 2019.
There is a powerful economic tail-wind in play right now. Battery technology and prices are continuing to get cheaper, Solar, wind, and batteries are all getting more affordable and as technology improves the energy metals look increasingly promising.
New acquisition would increase the Canadian company's holdings in Salta to 8,664 hectares.
The penny stock surged 250 percent in October when both the price of lithium and a benchmark of producers posted single-digit returns.
Gold miners closed $163M, about two-thirds of total money raised in October.
Chinese investment firm NextView has agreed to acquire all of the issued and outstanding common shares and warrants of Canadian Lithium X.
“We’ve been intensively focusing on how to manage future cobalt supply for a year now. Before, it wasn’t clear just how quickly demand will accelerate.”
Drill results from a Nevada lithium project caught the attention of The Critical Investor.
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