Lithium Americas nets $250M from Orion for Thacker
Lithium Americas (TSX: LAC; NYSE: LAC) says Orion Resource Partners is investing $250 million (C$357 million) to help develop and build the Thacker Pass lithium project’s first stage in Nevada….
Lithium Americas
Spotlight: Global battery metals
Battery metals are crucial in the world economy today and their importance will only grow over time as the climate warms and greener energy comes to the fore. Here are…
Financing: US Energy Dept. hands out billions
In mid-December, the U.S Department of Energy announced a conditional loan of US$755 million to battery materials and technology company Novonix to build a plant in Tennessee for manufacturing synthetic…
Lithium Americas raises Thacker Pass reserve
Lithium Americas (TSX, NYSE: LAC) said Tuesday it increased a reserve estimate for the Thacker Pass lithium project in Nevada, the continent’s largest measured and indicated lithium resource, and appointed…
Germany to backstop Savannah’s spodumene lithium project in Portugal
Germany’s export credit agency Euler Hermes has signed a non-binding letter of interest for a project finance loan guarantee of up to US$270 million for Savannah Resources (LSE: SAV) to…
Lithium Americas revamps Thacker Pass deal with GM in new US$625M JV
Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced a new, US$625-million joint venture agreement with General Motors for its Thacker Pass project…
Lithium rout derails projects around the world, though some persist
Low lithium prices are forcing a raft of companies to delay spending on projects from Quebec to Nevada, from South America to Australia. General Motors (NYSE: GM) has postponed a…
Editorial: Mining-powered rockets vs dockets
As we look in the waning days of summer to the United States’ Southwest in this edition, it strikes us that there’s been a staggering number of days that only…
Ganfeng Lithium cuts spending as consumers ease off the pedal for EVs
China’s Ganfeng Lithium, one of the world’s largest producers of the battery metal, says it will delay spending on projects that don’t generate “significant near-term returns” after reporting a first-half loss…
Agnico, Barrick dominate top Canadian miners
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), which tops our list of Canadian miners by market value at $51.4 billion in late July, runs the country’s biggest gold mines by output:…
US lithium clay projects secure backing despite extraction hurdles
The United States’ great hope for domestic lithium supply could lie in the massive-scale, long-life sediment-hosted deposits in its southwestern region. And even with tricky metallurgy to overcome and higher…
Democrats seek probe into foreign mining on public land
Democrats in the United States House of Representatives want to know how much the government knows about about foreign investment in mining on federally managed lands. Raúl Grijalva (D-Ariz.), the…