Patriot says resource for Quebec lithium project confirms giant size
Long-awaited maiden resource for the CV5 pegmatite at the Corvette lithium project places the asset as No. 1 of its kind in the Americas.
Long-awaited maiden resource for the CV5 pegmatite at the Corvette lithium project places the asset as No. 1 of its kind in the Americas.
The bill has to be approved by parliament’s upper house and India’s president before it becomes a law.
The company achieved operational net zero for its first shipment of battery grade lithium.
The lithium industry in Africa's top producer has rapidly expanded, buoyed by about $1 billion of investments during the past two years by Chinese companies.
Key results include 1.3% lithium oxide over 35 metres, including 1.58% over 27 metres.
Eramet said last month that Glencore was among parties to have expressed interest in helping finance its lithium production in Argentina.
Phase one of the project in Saskatchewan includes an after-tax IRR of 48.5% and an after-tax NPV of $1.0 billion.
“There is opportunity for consolidation” in the sector, which is dominated by small and mid-sized producers, its managing director said.
The production of lithium and nickel can produce vastly different emissions profiles.
Earlier in July, Exxon Mobil Corp. CEO said the company is also exploring opportunities to produce lithium.