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Company News
NickelSearch brings Allkem on board to follow up lithium potential at Carlingup
Last April NickelSearch (ASX: NIS) reported that soil sampling at its flagship nickel project in Western Australia had detected lithium, opening up the possibility of a lithium-caesium-tantalum resource being found. Now the company is joining forces with mining neighbour Allkem (ASX: AKE) to undertake a technical collaboration to push forward the lithium prospects at Carlingup. […]
Allkem’s James Bay project now one of largest spodumene lithium assets in world
Allkem (ASX: AKE) has unveiled a 173% increase in an updated mineral resource estimate (MRE) for its promising James Bay lithium project in Québec, Canada. Managing director and chief executive officer, Martin Perez de Solay, said the resource update has lifted the James Bay project to a significant position in a “red hot” lithium exploration […]
Lithium boom: is this time different?
“Stronger for longer” was a snappy slogan in past mining booms that never lived up to its promise because the boom always ended sooner than expected, and while that might be the case with the latest surge in lithium, there is a chance that this phase could be the real thing. One reason for believing […]
Canadian lithium projects attract growing interest from Australian explorers
Australian explorers look like they’re leaving no lithium stone unturned as they continue to peg ground in Ontario and Quebec provinces in Canada, chasing the battery metal’s hot future in the electrification revolution. Continuing forecasts of severe lithium shortages by 2030 — just seven years hence — are fuelling market enthusiasm for new exploration stories. […]
Allkem and Livent merge to create $15.7b global lithium chemicals company
Major lithium chemicals players Allkem (ASX: AKE) and Livent (NYSE: LTHM) have announced they will join forces in an all-stock merger of equals to create a $15.7 billion global production house. The companies will combine their complementary range of assets, growth projects and operating skills across lithium extraction and processing under a vertically-integrated business model […]
Turquoise Hill rebuffs Rio Tinto’s US$2.7b takeover bid, Qantas expands freight fleet and Allkem acquires strategic lithium tenement
Canada’s Turquoise Hill Resources (TSX: TRQ) has rebuffed mining giant Rio Tinto’s (ASX: RIO) US$2.7 billion (A$3.8 billion) takeover offer – saying the bid didn’t reflect its “full and fair value”. The decision was made by the Turquoise Hill Special Committee, which has effectively halted Rio’s efforts to gain greater control of the Oyu Tolgoi […]