Sigma Lithium in final stage of strategic review
Sigma had received multiple proposals for its lithium business earlier this year.
Sigma had received multiple proposals for its lithium business earlier this year.
The planned investment, a tenfold increase on the $271 million pledged in the same period last year, dwarfs that of its closest rival, the United Arab Emirates,
Half of the output from Ghana’s Ewoyaa mine is earmarked for a refinery that Piedmont Lithium plans to construct in Tennessee.
The iron ore-lithium miner has raised its stake in Wildcat Resources to 19.85%.
The new MRE contains 5.53 million tonnes of lithium carbonate equivalent in the measured and indicated category.
It has secured rights over an additional 536sq.km in one of the largest and highest-grade lithium areas in North America.
Last week, Zijin Mining said joint venture Manono Lithium SAS was granted rights over the northeast tenement of the Manono mine.
The $250 million project is a response to the Nigerian government’s efforts to diversify the economy away from oil.
The agreement calls for Metso to provide testing and engineering equipment procurement and related services to develop and commercialize Avalon's lithium processing facility.
Saudi Arabia is developing an automotive industry which will require electric vehicle battery materials.