The delay underscores the challenges that companies face as Canada's diamond mines come to the end of their productive lives.

The ability to produce lithium directly from oil field brines, especially in regions like Alberta, where lithium is pervasive in major formations, could help meet the growing demand for lithium.

The talks included topics such as the potential for state-run Jiangxi Copper to gain influence on First Quantum's board decisions.

In an update on Thursday, the nickel developer said the total funding required is in the region of $567-$592 million.

Production at Valentine is planned to start in the first quarter of 2025.

Olympias produced 67,133 gold ounces in 2023 and Efemcukuru produced 86,088 oz.

The project transitioned into commercial production in June 2023.