Atlas Lithium raises $20 million from investors led by former Allkem chairman
Earlier this year, Atlas also raised $20 million by selling a 3% gross overriding revenue royalty on the Das Neves project.
Earlier this year, Atlas also raised $20 million by selling a 3% gross overriding revenue royalty on the Das Neves project.
Antonio Costa has resigned amid an investigation into possible crimes of corruption in government involving lithium and hydrogen projects.
The US lithium giant controls about 13% of the global market this year, while Chinese producers have grown their share to 63%.
Investment bank Barclays and financial consultancy Barrenjoey hired to identify best partners for Savannah's Barroso lithium project in Portugal.
Heavyweights who have long dominated the iron ore sector in Australia are muscling into SQM's takeover of Azure.
Key moves in the mining sector.
Azure, which is developing the Andover lithium and nickel-copper-cobalt project in Western Australia, continues to attract investment.
A basket of prices for lithium tracked by Benchmark Mineral Intelligence has dropped more than 60% this year.
Worries have been mounting that global EV demand is softening.
Africa’s top lithium producer, Zimbabwe hopes demand for the mineral will help revive its ailing economy.