Pilbara Minerals signs Ganfeng for additional 3-year offtake Pilbara Minerals has executed an amendment to Ganfeng’s offtake agreement for spodumene concentrate out of the Pilgangoora mine in Western Australia. The original offtake agreement signed in 2017 was for 160 ktpa of spodumene concentrate. The amendment adds an additional 150 ktpa in 2024, and 100-150 ktpa…
Core Lithium halts production at Finniss Core Lithium announced last week that its Grant’s open pit mine in Northern Territory, Australia, will be put into care and maintenance as spodumene prices continue to edge lower. The pause includes early works on the BP33 underground mine. For context, Core’s produced 20,692 tonnes of 5.0% Li2O spodumene concentrate…
Atlas Lithium secures US$50M funding for Minas Gerais project Atlas Lithium has received commitment of funding from China’s Chengxin and Yahua for US$50M, it announced this week. Funds will be used to construct Phase 1 of the Minas Gerais project in Brazil. US$10M will be placed as new equity at a 10% premium to recent VWAP,…
Power Minerals releases PEA for its Rincon DLE project Power Minerals released the PEA results for its Rincon project in Salta province, Argentina. The project employs SunResin DLE technology to extract ~7,000 tpa Li2CO3 over 14 years from its 292 kt LCE resource. The estimated CAPEX came in at US$216.55M with an operating cost of…
