LITHIUM STOCKS AND CHARTS

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https://www.linkedin.com/feed/update/urn:li:activity:7141220658738302976/

In connection with its investment in ILiAD Technologies, Livent will have the right to license ILiAD technology for anticipated deployment at its lithium brine resource in Argentina (Salar del Hombre Muerto), and is evaluating opportunities for future production use across its portfolio. The ILiAD solution is complementary to Livent’s proprietary process technologies and readily fits into the company’s existing plant designs and flowsheet. Additionally, ILiAD offers the potential for significant improvements in Livent’s energy usage and carbon footprint as well as continued improvements in water use. Commercial utilization of ILiAD at Livent could begin as early as 2025.

https://www.iliadtech.com/livent-invest

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NEWS / WITH $145M IN FRESH CAPITAL, WE’RE BUILDING THE FOUNDATION OF A U.S. LITHIUM SUPPLY CHAIN / 02/12/2024

Tl;dr: If the U.S. wants a meaningful domestic supply chain for lithium, we need extraction technology that can scale without wrecking iconic American landscapes or draining water resources. Our technology unlocks faster and cheaper lithium production with an approach that local communities can get excited about. Now we’ve raised $145m in fresh Series C capital to build at scale, which brings our total capital raised to $315m. First stop: The Great Salt Lake. You can read more about it here.

https://lilacsolutions.com/2024/02/with-145m-in-fresh-capital-were-building-the-foundation-of-a-u-s-lithium-supply-chain/

[NanoEE]

Interesting, processing facilities?

The IP is a bit vague, but the facilities functions are straightforward.

[NanoEE]

When things get to this point in the markets there are usually buyouts and mergers with in the sector.

https://www.mining.com/piedmont-lithium-cuts-27-of-workforce-as-prices-plunge/

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Johnson Matthey to sell battery materials business to EV Metals

Johnson Matthey Plc (LON:JMAT), or JM, has agreed to sell a portion of its Battery Materials business to chemicals and cathode active materials producer EV Metals Group Plc (EVM) for GBP 50 million (USD 63m/EUR 59m) in cash plus a minority equity stake in the buyer.

The British speciality chemicals and sustainable technologies company is selling to EVM the assets at the Battery Technology Centre in Oxford & Battery Technology Centre and pilot plant in Billingham, a research centre in Moosburg, Germany and the partly constructed site in Konin, Poland. The sale to EVM also includes JM’s eLNO technology.

https://renewablesnow.com/news/johnson-matthey-to-sell-battery-materials-business-to-ev-metals-785988/
Jacob A Warnock ????

[NanoEE]

Better yet, 2035. The same as the Benner Cycle timing. Here is your sign.

Thanks for that chart again.

[TradingCharts]

Peak 2035???
We have two years of growth.
https://wealthmanagementcanada.com/blog/benner-cycle/

[NanoEE]

Goldman Sachs statement.

“We care enormously what the price of these commodities is in 2035, and we don’t care what it is in 2024.”

What is that stock graph you showed, where the market is in its highs and lows through the years. If I am not mistaken it peaks around ~2036, right.

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We believe the market is underestimating the cost structure of lithium, and hence underestimating the fall in supply if lithium prices remain at current levels. Lithium companies all guide for substantially lower costs in the near term, but in our long experience as mining analysts, the best guess for future mid-cap producer costs are often close recent reported actuals (ie we are sceptical the industry can substantially reduce AISC). So the AISC for lithium producers are far higher than the studies, implying the spodumene price needs to be high for mines to be profitable and investors justify the investment (and risk). In the medium term, if costs are going to be higher than ivory tower forecasts, and supply is going to be less than ivory tower forecasts (actual industry recoveries are typically 50-65%, not +70%), those top down models calling for spot spodumene price ( The question is obviously around timing the bounce.

We believe the market is underestimating the cost structure of lithium, and hence underestimating the fall in supply if lithium prices remain at current levels. Lithium companies all guide for substantially lower costs in the near term, but in our long experience as mining… pic.twitter.com/0gzL77j8E2

— Euroz Hartleys (@EurozHartleys) February 1, 2024

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Eramet and Électricité de Strasbourg inaugurate a pilot for the direct extraction of geothermal lithium in Rittershoffen, Eastern France
5 December 2023

Less than a year after signing their partnership in January 2023, Eramet and Électricité de Strasbourg (ÉS) are continuing the development of their low-carbon geothermal lithium production project in Alsace with the establishment of a pilot unit for direct lithium extraction at the Rittershoffen power plant. The objective of this pilot is to demonstrate the effectiveness of the direct lithium extraction process developed by Eramet in the real operating conditions of the geothermal power plant operated by ÉS and to confirm the sustainability of its performance over the long term.

https://www.eramet.com/en/group/eramet-and-electricite-de-strasbourg-inaugurate-a-pilot-for-the-direct-extraction-of-geothermal-lithium-in-rittershoffen-eastern-france-2/

[TradingCharts]

Lithium Extraction from Geothermal Brine
437 views Dec 18, 2023

Lithium is a key component of rechargeable lithium-ion batteries and is considered critical for the clean energy transition. Join us for this CCST Expert Briefing, a follow up to our recent briefing on the Lithium Supply Chain, where the panel will discuss the technology required to filter lithium out of geothermal brines, the expected environmental impacts of this new technology, the importance of lithium to a clean economy, and the work being done to ensure communities near the Salton Sea benefit from this industry.

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Our expertise in lithium mining and production

An essential component of electric batteries, lithium is a metal of the future, in which Eramet is investing with one ambition: to become a leading global producer of metals for the energy transition.

In Argentina, our subsidiary Eramine is building an exemplary, responsible project based on an exclusive extraction process developed by our R&D teams.

In France, we are pursuing our Ageli project in partnership with Electricité de Strasbourg to extract lithium from Alsace’s geothermal brines.

https://www.eramet.com/en/activities/lithium/

A mine and a plant

The mine: Our mining is carried out through a non-conventional lithium extraction process, through the drilling of 450 meters below the surface. They are located strategically. Through the pumping process, the brine is extracted from a 20 cm diameter pipe, and finally transferred to the production plant with a piping system. This entire process meets high safety standards and is designed to minimize environmental impact.

The plant: uses a direct extraction process developed by Eramet Ideas. This process is currently carried out in the pilot plant and achieves a yield of over 90%, with a processing period of about 24 hours, while

https://eramine.eramet.com/en/eramine-sudamerica-s-a/our-project/mine-plant/

Eramet Ideas, our research and development center

Developing our activities in the metals used in the energy transition, decarbonizing production, producing faster and better, proposing innovative sustainable solutions and preparing Eramet's future... From mining to metals, our research and innovation experts invent value-creating solutions in response to the challenges facing our industry.

A world-renowned center of excellence

Based in Trappes, France, Eramet Ideas is staffed by experts who work closely with site-based operational teams. Eramet Ideas has expertise in mining, extractive metallurgy and recycling, and helps to improve the Group’s short-term operating performance, while developing long-term projects in support of the strategic roadmap.

https://www.eramet.com/en/innovation/eramet-ideas-research-development/

[TradingCharts]

Correct, it is why new lithium companies in Argentina, are building ponds. Lithium South, even Litium Chile are doing ponds. Or are saying that to get a better deal with DLE companies.

the big take away is they do not have reinjection figured out from what I am reading.

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Arizona Lithium (ASX:AZL) - Investor Webinar - 2 February 2024
41 views 48 minutes ago
tononclegeorges, what do you think of the beginning of this video?
Chile, is complicated.

[NanoEE]

Disregard.

It’s like they are hiding information, but the big take away is they do not have reinjection figured out from what I am reading. There 60% recovery rate is water that is, purified for the process and then sent back through the system again, the 40% they do not recover goes back to the facility for further refinement of the lithium.

“Each of the actions are carried out in accordance with the highest industry standards, the organization is committed to operate in a responsible way.”

https://www.eramet.com/en/activities/lithium/our-lithium-extraction-process/

That statement above is surrounded by the fact, that they are not using evaporation ponds.

[NanoEE]

Ghana is building a refinery for lithium, why is the important you ask, because it is also Africa who wants to become part of the decarbonization.

They had made a mention of only building to the amount of lithium they are able to produce based on the drill samples. Interesting approach is it because they will know there equipment extracting it.

Stay tuned, Africa wants China out.

[NanoEE]

“For the U.S. government, a first priority is to leverage the upcoming AGOA reauthorization to rethink the program as a basis of a trade deal­—such as Japan’s Critical Minerals Agreement—for the United States to source transition minerals from African countries in order to achieve U.S. supply chain objectives and to develop value chains for African countries.”

https://carnegieendowment.org/2023/10/02/how-can-african-countries-participate-in-u.s.-clean-energy-supply-chains-pub-90673

[NanoEE]

https://www.eramet.com/en/activities/lithium/

“In Argentina, our subsidiary Eramine is building an exemplary, responsible project based on an exclusive extraction process developed by our R&D teams.

In France, we are pursuing our Ageli project in partnership with Electricité de Strasbourg to extract lithium from Alsace’s geothermal brines.”

At one time I “assumed” Eramet was pondering IBAT for their tech.

So here is the golden question is Eramet selling their tech as the one to go with in Chile? It’s in Argentina and pumping out quite well.

[tononclegeorges]

.............Trader..............
............Any early skinny Exponor Chile 2024/Burba/IBAT ?

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French group Eramet continues to grow in Chile in the lithium business
Agustín de Vicente / January 31, 2024🤔

Eramet and RJR announce the execution of an agreement for the acquisition of exploration rights in Chile, signed this week on January 29, 2024.
RJR SALAR SpA announced that it has entered into a binding agreement for the acquisition of exploration rights with Eramet Chile, a subsidiary of the French mining company Eramet S.A.

A binding term sheet has been executed through which Eramet can access 19,500 Ha of the company's mining concessions located in the Antofagasta region to conduct mineral exploration activities.

https://www.miningreporters.com/noticia/news/2024/01/eramet-continues-grow-chile-lithium-business

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Pll has a contract with Tesla, selling their part of Sayona to Tesla...

I have read many times that it is best to use the same feed stock to keep everything running smooth at a refinery.. Also if Tesla wants the tax incentives need to source lithium from certain Countries.

Sayona, spent a lot of money on drill programs that got delayed with fires last summer. Results started to trickle in.

New report out last night. They are storing a third of prodution because price to low.

Last week they cut a Director who is selling his shares before the financials came out. How convenient.

30/01/2024 5:39 pm Quarterly Activities/Appendix 5B Cash Flow Report
https://www.asx.com.au/markets/company/sya

[NanoEE]

Any opinion on what happens to SYA when Teslas lithium refinery plant is up and running?

[NanoEE]

Yes, use an American company so that you can apply for those US DOE grants. Looks good to your investors and softens the up front cost even more.

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Will Green River be home to a new lithium mine to help U.S. go ‘green’?
Company executive said Emery County area is a vast and rich resource for lithium
By Amy Joi O’Donoghue
Nov 18, 2023,

Bruce Richardson, chairman and chief executive officer of Anson Resources, recently briefed lawmakers on the project’s progress, which is still in the permitting process.

During its first phase, the project will require a workforce of 500 employees involved in construction of the plant, which aims to produce 10,000 tons of the material a year at the outset.

“Utah has a very big resource,” he said.

RELATED

Lawmaker says Great Salt Lake mining operation is like ‘wild wild West’
Why this Nevada lithium mine project faces lawsuit even as U.S. tries to go green
This project, however, is entirely on private land or state-owned land, which Richardson said streamlines the permitting process.

Landon Newell, staff attorney with SUWA, stressed that the state of Utah and others involved in the permitting process for this project should exercise caution given the arid nation of the region and the lack of clarity from the company.

Newell asserted that Anson Resources operates under several different names of multiple companies involved in the extraction business.

“The Bureau of Land Management is trying to figure this out as well,” he said “There’s no connecting the dots as to how they all interact. So that’s a concern. There’s a general lack of information. There’s a lack of data. There’s a lack of clarity.”

https://www.deseret.com/utah/2023/11/18/23965846/green-river-lithium-mining-anson-resources-electric-vehicles

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Sunresin’s technology is king of DLE. The problem is it is a China, company. Maybe they want a US DLE?

Paradox Lithium Project

Commercially proven Direct Lithium Extraction (DLE) technology: Sunresin’s technology is producing 32,000 ton per year of lithium carbonate at 7 projects.
Low carbon and waste: Hydro and solar energy power the project and brine is reinjected underground post lithium extraction.

https://americanpotash.com/site/assets/files/1/paradox_basin_lithium_and_brine_project_sept_2022.pdf
https://investorshub.advfn.com/uimage/uploads/2024/1/29/koyqnaaaaa.png

https://www.a1lithium.com/projects/

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Codelco pays heavy price for ramping up debt burden to fund over-budget projects
Bloomberg News | January 29, 2024

Codelco needs the money after embarking on a $40 billion spending program following decades of underinvestment. Making matters harder still, it gives 10% of its sales and 70% of its profit to the state, making it dependent on debt markets to finance expansion.

https://www.mining.com/web/codelco-pays-a-heavy-price-for-ramping-up-debt-burden-to-fund-over-budget-projects/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=codelco-pays-heavy-price-for-ramping-up-debt-burden-to-fund-overbudget-projects

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The Lithium Roundtable begins its trade mission to Europe on Thursday
NEWS - NATIONALS 29/01/2024 BY SUSTAINABLE MINING
The governors of Salta, Catamarca, San Juan and Jujuy will be part of the mission to Europe in search of investments. They will be accompanied by the Secretary of Mining of the Nation, Flavia Royón.
https://mineriasustentable.com.ar/contenido/10149/la-mesa-de-litio-inicia-el-jueves-su-mision-comercial-a-europa

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Column: The lithium revolution has arrived at California’s Salton Sea
JAN. 25, 2024
https://www.latimes.com/environment/newsletter/2024-01-25/column-the-lithium-revolution-has-arrived-at-californias-salton-sea-boiling-point?sfmc_id=6532a16925b3640666b655bc&skey_id=be2930a373bb21a71356ed4e80eb0509823890a5e343258558a842bd6cf90f0e&utm_id=34118522&utm_source=Sailthru&utm_medium=email&utm_campaign=NLTR-Email-List-Boiling%20Point&utm_term=Newsletter%20-%20Boiling%20Point

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Friday, May 19, 2023
I am going to sticky post this post to come back later and check.
Fisher Assets Management 16,129
Castleview partners 2990

I would not say these sites are accurate. But I no longer see EVL with shares, Could be the seller. But the new private placement Encompass Capital Advisors LLC is there.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171952245

9-months later.
Fisher Assets Management 16,129 sold
Castleview partners 2990 sold

Ensorcia Metals Corp.
33,722,129 16.57 % 18 M $
Jacob Warnock
26,235,275 12.89 % 14 M $
Evl Holdings LLC
25,133,175 12.35 % 14 M $
New big investor.
Jacob Warnock 26,235,275 12.89 % 14 M $ bought
https://www.marketscreener.com/quote/stock/INTERNATIONAL-BATTERY-MET-37581231/company/

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CTR is very pleased to announce the appointment of veteran oil, gas, and mining finance executive Bill Cassidy as Co-President of the company. Bill will lead CTR's financing efforts and public readiness campaign as we move forward into our most aggressive capital-raising program to date.

Bill's decision to join CTR at this pivotal moment in the company's growth trajectory is perfectly timed, and we are incredibly excited to tap into his decades of expertise in the natural resources sector.

Before founding Cassidy Energy Advisors, Bill served as CFO of Artex Energy Group, EVP and CFO at Bonanza Creek Energy, and was a member of the Board of Directors of Oasis Petroleum from 2010-2020. Bill started his investment banking in energy finance and advisory at JPMorgan Chase, followed by roles with increased responsibility at Banc of America Securities and Barclays Capital.

Bill started his career in the upstream oil and gas sector as a Geophysicist with Conoco. He has since leveraged his technical and financial expertise across the energy industry. He has successfully transitioned from capital raising and advisory into operational roles at high-growth industry pioneers. He holds a B.Sc. Geology and Math from the National University of Ireland, Cork, an M.Sc. in Petroleum Geophysics from The Royal School of Mines, Imperial College, London, and an MBA from the Wharton School of the University of Pennsylvania.

"I am excited to join the CTR team and to work with all stakeholders to move the company's Hell's Kitchen Project to full development," Bill said. "With one of the world's most prolific geothermal and critical mineral resources, CTR has the unique opportunity to provide U.S. manufacturers with a reliable source of domestic critical minerals and battery chemicals produced with a near-zero carbon footprint."

Bill will work in lockstep with CTR's current President, Jim Turner, to ensure operations, construction, and capital-raising efforts are aligned. He will manage these activities between CTR's Imperial Valley head office and the company's growing hub in Houston, Texas.

CTR is delighted to welcome Bill to the Executive Leadership Team, and we look forward to this incredibly exciting next chapter in CTR's development!

hashtag#cleanenergy hashtag#cleanlithium hashtag#cleanjobs hashtag#cleanfuture hashtag#ctrlithiumvalley hashtag#gettingitdone

https://www.linkedin.com/feed/update/urn:li:activity:7156057969091080192/

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David Thomas
Partner, Consultant, Director and Strategist. GAICD.

I do feel a bit sorry for Antonino (Tony) Ottaviano of Liontown Resources Limited.

A conservative Wood Mackenzie price forecast for the processed hashtag#lithium concentrate called hashtag#spodumene has spooked the credit teams on his ground breaking syndicated Aussie bank project finance deal led by our big four Commonwealth Bank, Westpac, NAB and ANZ.

Getting each of the Big Four Aussie banks onto one term sheet was a huge achievement and rightly celebrated in October when it was announced.

But as Peter Ker reports in The Australian Financial Review, Wood Mac's pessimism on the outlook for lithium prices has resulted in the banks pulling the deal.

There'll be some unhappy bankers right now. As well as the primary deal teams, the whole deal fee ecosystem in each bank must be screaming. Syndications, secondary markets, FX and hedging, cross sell. No fees flowing from the primary deal. And the banking lawyers will be unhappy too.

I've seen this happen time and time again. Credit teams in large banks will never bet against the top tier credit and market reporting agencies.

And sometimes credit teams go sour very quickly if they read an adverse headline over their morning coffee. I've seen that happen too more than once.

So what to do about it? We are seeing a resurgence of private capital channels, private credit and alternative lending flow into the hashtag#criticalminerals and hashtag#batterymetals space. And also private non bank hashtag#structuredtradefinance and hashtag#prepayments if you are already in production.

So don't put all your eggs in the big bank basket. Develop Plan B and C.

Happy to have a conversation.

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Crisis talks as critical minerals bust deepens

Miners will push Resources Minister Madeleine King to drive reform of the way Australian critical minerals are priced at crisis talks this week, after lenders withdrew a $760 million loan to fund Western Australia’s next big lithium mine.

Shares in Liontown Resources crashed almost 22 per cent on Monday after a prediction for a five-year depression in lithium prices spooked the nation’s biggest lenders to

https://www.afr.com/companies/mining/liontown-loan-yanked-amid-lithium-price-slump-20240122-p5ez33

[futrcash]

Had to read it 2x...but managed to get the gist of it...

Blows my mind how slow the process is to make progress especially in light of how poor the Bolivian people are.

futr

[TradingCharts]

Rate this translation
CATL signs an agreement with Bolivia in a Copernican twist. hashtag#chile, hashtag#argentina, hashtag#bolvia, hashtag#oscarvargasvillazon, January 19, 2024. The Chinese company Contemporary Amperex Technology (CATL), which leads the Chinese consortium CBC, and YLB of Bolivia, signed this Wednesday, January 17, an agreement that is not a contract since it is only a pilot testing phase of the use of EDL (Direct Lithium Extraction) technologies, which contemplates an investment of US$90 million.

The Chinese association CATL, BRUNP & CMOC (CBC) is made up of three companies, the most important being CATL, which is the world's largest producer of batteries, having 40% of the global battery market segment.

This is the second agreement signed by YLB with partners who were chosen since the April 2021 call, an international call focused on Direct Lithium Extraction (EDL) was held.

The objective of this call was to "establish criteria to evaluate companies that have experience and technology, suitable to adapt to the brines of the Uyuni, Coipasa and Pastos Grandes salt flats.

Following the issuance of the call, YLB received 20 proposals for Direct Lithium Extraction. Of these, 8 companies passed the qualification filter to carry out pilot extraction tests, including ENERGYX, LILAC SOLUTIONS, CATL BRUNP &CMOC, CITIC GUOAN/CRIG, FUSION ENERTECH, TBEA GROUP, URANIUM ONE GROUP, TECPETROL.

Two years after the call, framework agreements were signed with three companies: CBC, CITIC (both Chinese) and Uranium One (Russian).

The non-contract agreement signed with CATL makes possible the construction of a Pilot Plant in Uyuni.

EDL technology is made up of different processes, in which most use them in a complementary way in several phases: a pilot phase, then a demo and if it is successful it moves on to the commercial phase

The initial capacity will be 2,500 tonnes per year of lithium carbonate with the projection to a second industry of up to 25,000 tonnes per year.

The document is valid for two years, during which time CBC will install the plant to carry out its pilot tests and will design an industrial plant in the Salar de Uyuni with an investment of $us 90 million.

Yacimientos de Litio Bolivianos (YLB) explained that these are projects in the pilot phase that do not involve direct expenditure by the State, when contracts are signed in the industrialization phase, these will be made known to the Plurinational Legislative Assembly, for approval, as it is a pilot phase of studies it does not directly involve an issue of spending by the State.
https://www.linkedin.com/feed/update/urn:li:activity:7154186252055904256/

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LiTHOS TECHNOLOGY LLC SIGNS TERM SHEET WITH SAND SPIRIT LLC TO SCOPE AND CONSTRUCT 'CRIMSON TIDE' LITHIUM HYDROXIDE PILOT PRODUCTION FACILITY IN ALABAMA
https://www.prnewswire.com/news-releases/lithos-technology-llc-signs-term-sheet-with-sand-spirit-llc-to-scope-and-construct-crimson-tide-lithium-hydroxide-pilot-production-facility-in-alabama-301918701.html

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EXXON MOBIL Article Jan. 18, 2024

Our first lithium well – but “not our first rodeo”

Key takeaways:

Work's underway in Arkansas on our plan to produce lithium for electric vehicles
Our lithium wells are leveraging technologies ExxonMobil’s proven over decades

A successful start
This advantage is on display in Arkansas, where work was safely completed on our first lithium well, with more already underway.

These “appraisal wells” are gathering information about underground reservoirs, and sampling the brine from which lithium can be extracted. Commercial production is targeted for 2027. By 2030, we aim to produce enough lithium to support the manufacture of about 1 million EVs.

https://corporate.exxonmobil.com/what-we-do/delivering-industrial-solutions/lithium/arkansas-lithium-wells-dylan-vint

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Vallée Drilling Intersects 1.04% Li2O over 6.46 m
Consolidated Lithium Metals Inc. - GlobeNewswire - Thu Jan 11, 9:24AM CST
https://www.theglobeandmail.com/investing/markets/stocks/CLM-X/pressreleases/23277401/vallee-drilling-intersects-104-li2o-over-646-m/

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https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173611110

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2023 Sayona AGM

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Simon Moores had a busy last day at Benchmark Mineral Intelligence week!
https://open.spotify.com/episode/6KKPnC8ENnJNdJOOEy3qXE?si=ySdSy6ArRsiuDSvsLsrhbw&nd=1&dlsi=381dbbdedc5b4a7a

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Lithium supply disappearing - Rodney Hooper on why $1,200 per tonne is a key level of support

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Chinese Spodumene Buyers Push For Lower Price, Overseas Mines Would Rather Sit On Stockpiles Than Sell At Big Discounts
Dec 29, 2023
https://news.metal.com/newscontent/102560989/smm-announcementlithium-spodumene-concentrate-index-price-adjustment-on-january-2-2024

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Lithium Hydroxide the Essential Ingredient
27 DECEMBER 2023
https://electrios.com/blog_post/lithium-hydroxide-the-essential-ingredient/

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Lithium assets in Catamarca to be bought by India
https://www.elinversorenergetico.com/activos-de-litio-en-catamarca-seran-comprados-por-la-india/

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Power Minerals Limited (ASX:PNN)
2,164 followers
5h • Edited •

We've executed the Binding Term Sheet with Canadian direct lithium extraction (DLE) technology provider Summit Nanotech Corporation for the funding and development of the Incahuasi salar at our Salta Lithium Project in the lithium triangle of Argentina. The execution of the Binding Term Sheet is a key step in our mutual goal to unlock the value of the Incahuasi salar and deliver commercial-scale production of high-quality lithium.

We now plan to enter into an Option and Joint Venture Agreement, in two stages, with Summit securing a 30% interest through a strategic investment and pilot testing of Incahuasi brines. Summit has the option to increase its stake to 45% by contributing to an on-site demonstration plant and Feasibility Study. The agreement is contingent on regulatory approvals and shareholder approval for share issuance.

Managing Director Mena Habib said, “We are delighted with the progress of our partnership with Summit, and the execution of the Binding Term Sheet is another key step in our mutual goal to unlock the value of the Incahuasi salar for the benefit of our shareholders. Summit has already completed first phase testing of Incahuasi lithium-bearing brines and successfully completed its due diligence pursuant to the BTS. In addition, we have received the first tranche - $3.125 million AUD - of Summit’s strategic investment under the BTS, and Summit has engaged a global engineering consultancy firm to undertake pre-feasibility stage design and engineering at Incahuasi.

We look forward to continuing our collaborative partnership with Summit and to progressing to executing the binding joint venture to secure the development of the Incahuasi salar.”

Read the full ASX Announcement here: bit.ly/3GTGpwt
https://www.linkedin.com/feed/update/urn:li:activity:7145577394546913280/

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LFP prices to extend declines as battery cell makers continue destocking
Dec 24, 2023

For the week ending December 21, LFP price continued to decline, with the market primarily dominated by long-term contracts. Falling lithium and iron phosphate price lowered LFP cost. Although energy consumption and prices rose in winter, the impact on costs was minimal

Read the rest here.
https://news.metal.com/newscontent/102543574/lfp-prices-to-extend-declines-as-battery-cell-makers-continue-destocking

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Latest Update in the SMM Lithium Market and News
https://www.metal.com/Lithium
The stages of mining: 5 lifecycle processes explained
https://www.cruxinvestor.com/articles/the-stages-of-mining

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Lithium markets & Index and News
https://www.metal.com/Lithium

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Eramet confirms USD 800 million investment in Salta's lithium
Posted on 21-12-2023
https://mineriaydesarrollo.com/2023/12/21/eramet-confirma-inversion-de-usd-800-millones-en-el-litio-de-salta/

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Direct Lithium Extraction (current state)
Nice overview from Extantia
https://www.linkedin.com/feed/update/urn:li:activity:7143264809336156160/