Power Metal Resources plc’s subsidiary plans mapping and surface sampling of prospective lithium targets at its Selta uranium-rare earth project in the Northern Territory, Australia. BUSINESS STRUCTURE First Development Resources Ltd (FDR), 82.78% owned by Power Metal, conducted a specific review on lithium following a recent in-depth data review covering the licence area. Selta is held within URE […]
Tag: lithium
Power Metal subsidiary in Australia raises £1.1m
Power Metal Resources plc said its subsidiary First Development Resources Ltd (FDR) had raised £1,125,000 ahead of planned listing in Q3 2022 on the London capital markets. FDR FDR is focused on gold-copper, uranium-rare earth element and potential lithium targets in Western Australia’s Paterson Province and the Northern Territory. Money raised will allow FDR to self-finance its operations including IPO listing advisory […]
Power Metal fails to find economic nickel at Haneti
Power Metal Resources plc has failed to find economically significant intersections of nickel from drilling results at the Haneti project in central Tanzania. LITHIUM The company said it was planning advanced targeting and re-engagement with potential partners. The joint venture, between Power Metal (35%) and operator Kotoro Gold (65%), includes the new Babayu lithium prospect, 40km southwest […]
Red Rock attracts $100,000 investment for Zimbabwe lithium project
Red Rock Resources plc said that a group of high net worth investors had acquired a 10% early stage interest for US$100,000 in the company’s lithium project in Zimbabwe. APPLICATIONS The funds will develop the company’s 75% subsidiary African Lithium Resources Pvt Ltd (ALR) which it established in March. Red Rock recently submitted an application […]
British Lithium ‘predicted to lead’ in GHG reduction
British Lithium Ltd claimed that “independent analysis predicted it would lead the world in greenhouse gas emission reduction (GHG)” with the company’s extraction technology and proposed mine in Cornwall. BENCHMARKING The company added in a statement that environmental, social and governance (ESG) risks were also likely to be significantly lower than those of existing lithium […]
Cornish Lithium commissions £4m DLE pilot plant
Cornish Lithium Ltd said it had successfully commissioned the pioneering £4 million direct lithium extraction (DLE) pilot plant at United Downs, Cornwall. DLE The company added that it was the first time that a DLE system has become operational in the UK. DLE technology selectively removes the lithium compounds from the geothermal waters. Cornish Lithium […]