Cadence Minerals plc’s investee company has identified “significant and widespread lithium” from auger and geochemical programme at the Kenny project within the Dundas mineral field of Western Australia. PRIORITY ZONES Evergreen’s results indicated “the potential for lithium, caesium and tantalum pegmatites” at the site. Five priority lithium target zones had Li2O assay results showing maximum […]
Tag: lithium
Clontarf completes lithium JV for Bolivia brines
Clontarf Energy plc has completed its joint venture (JV) for direct lithium extraction from brine in Bolivia as it plans to expand its portfolio. TERMS Following all conditions precedent being satisfied for the deal signed in February 2023, the company has now paid partner NEXT-ChemX Corporation US$500,000. It will also issue to the US-based company […]
FCM to advance exploration before sale or JV for Ontario licences
First Class Metals plc said it planned to advance it exploration strategy before selling or entering a joint venture (JV) for its metals’ licences in Ontario, Canada. STRATEGY In the company’s final results for the year ended 31 December 2022, chief executive Marc Sale added that most of the six out of nine properties explored […]
Cadence becomes largest shareholder in Evergreen
Cadence Minerals plc has filed its notice of being the largest shareholder in Evergreen Lithium Ltd after the investee company listed on the Australian Stock Exchange. SHARES The company holds 15,830,138 million shares, equivalent to 8.74% of the issued share capital of Evergreen, which listed on 11 April 2023. Cadence received the shares in July […]
Corcel exercises option to acquire Canegrass lithium
Corcel plc has exercised its option to acquire the Canegrass lithium project in Western Australia. LOW COST The company signed a 30-day option period in February and, as agreed, will now issue vendor Huntsman Exploration Inc with 50,000,000 new ordinary shares at £0.004, equating to a total £200,000. “Building upon our recent acquisition and farm-out […]
Red Rock nears trial lithium mining at Tin Hill
Red Rock Resources plc could start trial mining in the coming months at its Tin Hill lithium project in southeast Zimbabwe. SCHEDULE The company’s environmental management plan (EMP) and site of works plan for Tin Hill was approved by the Environmental Management Agency in January 2023. In February, Red Rock’s plans were delayed for two […]