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Sienna Resources Inc. Closes Private Placement
Newsfile· 2025-06-17 21:00
Core Points - Sienna Resources Inc. has successfully closed a non-brokered private placement under the Listed Issuer Financing Exemption, raising gross proceeds of $499,957.50 by selling 4,761,500 units at a price of $0.105 per unit [1] - Each unit consists of one common share and one transferable share purchase warrant, which can be exercised at a price of $0.14 for a period of 60 months [1] - The net proceeds will be allocated for general working capital and to fund exploration and development activities on existing projects [2] Financial Details - The company paid a cash finder's fee of $10,080.53 and issued 96,005 non-transferable finder's warrants, each exercisable at $0.14 for 24 months [2] - The financing is expected to provide the company with the necessary resources to initiate fieldwork and exploration activities during the summer [4] Project Focus - Sienna's immediate priority is the Stonesthrow Gold Project in Saskatchewan, covering approximately 31,718 contiguous acres [3] - The company is also evaluating its Case Lake lithium project in Ontario and its lithium assets in Nevada [3] Management Commentary - Jason Gigliotti, President of Sienna, emphasized the potential of the Stonesthrow Gold Project due to its strategic location and scale, indicating a phase of growth focused on active exploration and value creation [4]
Ultra Lithium – Laguna Verde Update
Globenewswire· 2025-06-17 20:15
VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV: ULT, OTC: ULTXF and Frankfurt: QFB) (“Ultra Lithium” or the “Company”) today announced that Mr. Juan Orozco, General Manager of Argentinian subsidiary Ultra Argentina S.R.L. has signed an agreement purportedly between Ultra Argentina S.R.L. and Alto Grande Cobre S.A. to sell the Laguna Verde project to Alto Grande Cobre S.A. (the “Purported Agreement”). This unauthorized action was taken without notice to the Company an ...
AMERICAN SALARS COMPLETES SAMPLING AT BRAZILIAN LCT PEGMATITE PROJECT
Globenewswire· 2025-06-17 12:30
Core Viewpoint - American Salars Lithium Inc. has completed a second sampling program at its Jaguaribe Project in Brazil, which covers 18,083 hectares and includes lithium, rare earth elements, and critical minerals [1][2]. Group 1: Project Overview - The Jaguaribe Project is located in the Ceará state of Brazil and features extensive lithium and rare earth element-bearing pegmatite dykes [2]. - Initial Phase 1 sampling returned lithium oxide (Li2O) grades of up to 3.72%, along with cesium (554.5 ppm), tantalum (135 ppm), and niobium (177 ppm) [2]. - The project area has historical artisanal mining sites previously mined for lithium, tantalum, and tin, indicating a favorable geological setting for exploration [4]. Group 2: Sampling and Analysis - Fourteen pegmatites were identified and sampled during the latest program, with samples sent for advanced multi-element analysis covering 56 elements [3][11]. - The samples are being analyzed using the ICP OES/ICP-MS method, with over-limit values to be further analyzed by the ICP OES ICP 90A method [3]. Group 3: Geological Characteristics - The pegmatites vary in width from 0.5 m to 15 m and exhibit consistent directional trends, suggesting potential for significant mineralization [5]. - The topography and land use at the Jaguaribe Property are conducive to exploration activities, characterized by arid farmland and no rain forest [4]. Group 4: Future Plans - Phase 2 sampling will target additional LCT pegmatite locations to further assess the project's potential [4]. - The company is optimistic about the results from the advanced analysis and the overall potential of the Jaguaribe region [3].
碳酸锂:成本下移趋势延续,锂价或仍偏弱
Guo Tai Jun An Qi Huo· 2025-06-17 01:46
Report Summary 1. Report Industry Investment Rating - The report does not provide an industry investment rating. 2. Core View of the Report - The cost of lithium carbonate continues to decline, and lithium prices may remain weak [1]. 3. Summary by Relevant Catalogs Fundamentals Tracking - **Futures Market Data**: For the 2507 contract, the closing price was 60,240, with a change of -460 compared to T - 5; the trading volume was 84,735, a decrease of 84,736 from T - 1; the open interest was 126,023, down 21,409 from T - 1. For the 2509 contract, the closing price was 59,780, a change of -1,180 compared to T - 5; the trading volume was 218,180, an increase of 41,022 from T - 1; the open interest was 300,422, up 33,491 from T - 1. The warehouse receipt volume was 32,043, a decrease of 75 from T - 1 [1]. - **Base - related Data**: The spot - 2507 was 260, a change of -450 compared to T - 1; the spot - 2509 was 720, a change of -130 compared to T - 1; the 2507 - 2509 basis was 460, a change of 320 compared to T - 1; the electric carbon - industrial carbon was 1,600, with no change from T - 1; the spot - CIF was 2,699, an increase of 218 from T - 1 [1]. - **Raw Material Data**: The price of lithium spodumene concentrate (6%, CIF China) was 624, a decrease of 5 from T - 1; the price of lithium mica (2.0% - 2.5%) was 1,225, with no change from T - 1 [1]. - **Lithium Salt Data**: The price of battery - grade lithium carbonate was 60,500, a decrease of 150 from T - 1; the price of industrial - grade lithium carbonate was 58,900, a decrease of 150 from T - 1; the price of battery - grade lithium hydroxide (micropowder) was 65,100, a decrease of 350 from T - 1 [1]. - **Industry Chain Related Data**: The price of lithium iron phosphate (power type) was 30,405, a decrease of 70 from T - 1; the price of lithium iron phosphate (mid - high - end energy storage type) was 28,900, a decrease of 90 from T - 1; the price of lithium iron phosphate (low - end energy storage type) was 26,650, a decrease of 30 from T - 1 [1]. Macro and Industry News - **Price Information**: The SMM battery - grade lithium carbonate index price was 60,424 yuan/ton, a decrease of 276 yuan/ton compared to the previous working day; the average price of battery - grade lithium carbonate was 60,500 yuan/ton, a decrease of 150 yuan/ton compared to the previous working day; the average price of industrial - grade lithium carbonate was 58,900 yuan/ton, a decrease of 150 yuan/ton compared to the previous working day [2]. - **Company News**: Dazhong Mining's wholly - owned subsidiary, Dazhong New Energy, received a reply from the Ministry of Natural Resources, confirming that the mineral resource reserves review and filing of the "Lithium Ore Exploration Report for the 0 - 80 Lines of the Jiada Mining Area in Barkam City, Sichuan Province" passed. As of February 28, 2025, the proven resource of the first - mining area of the Sichuan Jiada lithium mine was 230,000 tons of metal oxides, with an ore volume of 15.34 million tons and an average grade of 1.51%; the controlled resource was 180,000 tons of metal oxides, with an ore volume of 13.82 million tons and an average grade of 1.34%. The resource ore volume of the first - mining area was 43.44 million tons, the LiO2 mineral volume was 600,000 tons, the average grade was 1.38%, and the equivalent lithium carbonate was approximately 1.48 million tons, exceeding the company's expectations [4]. - **Policy News**: The Ministry of Ecology and Environment issued an announcement stating that starting from August 1, 2025, qualified recycled black powder raw materials for lithium - ion batteries are not considered solid waste and can be freely imported. Recycled black powder raw materials cannot be mixed with other types of recycled raw materials, and different types of recycled raw materials cannot be declared under the same customs declaration form. Imported recycled black powder raw materials are not allowed to be in bulk, and different categories of recycled black powder raw materials should be placed separately [4]. Trend Intensity - The trend intensity of lithium carbonate was 0, indicating a neutral trend. The trend intensity ranges from -2 to 2, with -2 being the most bearish and 2 being the most bullish [4].
碳酸锂日评:国内碳酸锂6月供给预期偏松,国内碳酸锂社会库存量环比增加-20250612
Hong Yuan Qi Huo· 2025-06-12 05:27
| 元原期货 | | | 碳 酸 ª 译 20250612: 国内碳酸锂6月供给预期偏松, 国内碳酸锂社会库存量环比增加 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 交易日期(日) | 2025-06-11 | 2025-06-10 | 2025-06-05 | 较昨日变化 | 近两周走势 | | | 近月合约 | 收盘价 | 61700.00 | 61000.00 | 60140.00 | 700.00 | | | | 连一合约 | 收盘价 | 61680.00 | 60760.00 | 60100.00 | 920.00 | | | | 连二合约 | 收盘价 | 61740.00 | 60980.00 | 60480.00 | 760.00 | | | | 连三合约 | 收盘价 | 61740.00 | 60980.00 | 60540.00 | 760.00 | | | | | 收盘价 | 61680.00 | 60760.00 | 60100.00 | 920.00 | | | 砖酸锂期货 | | 成交堂(手) | ...
More Lithium Bearing Intersections on Globex’s Lac Escale Royalty Claims
Globenewswire· 2025-06-11 15:08
ROUYN-NORANDA, Quebec, June 11, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide a brief update to shareholders as regards ongoing work by Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB) on Globex’s Lac Escale royalty claims, a part of Brunswick’s Mirage project ...
Q2 Metals Announces Final Assays from Winter Drill Program and Initiates on Exploration Target at Cisco Lithium Project
Globenewswire· 2025-06-10 11:05
Core Insights - Q2 Metals Corp. has reported strong assay results from the remaining 10 drill holes of the 2025 Winter Program at the Cisco Lithium Project, indicating significant mineralization potential [3][4][6] Summary by Sections Assay Results - A total of 6,980 meters were drilled over 14 holes during the 2025 Winter Program, with 4,409 meters of results reported from the last 10 holes [4] - Notable intervals include: - CS25-029: 26.5 meters at 1.25% Li2O - CS25-031: 33.9 meters at 1.19% Li2O - CS25-033: 27.3 meters at 1.39% Li2O - CS25-028: 49.4 meters at 1.33% Li2O - CS25-030: 52.7 meters at 0.83% Li2O - CS25-036: 64.3 meters at 1.34% Li2O [5][6] Exploration Target - BBA Engineering Ltd. has been engaged to create an Exploration Target for the Cisco Project, which will provide early guidance on the potential scale and grade of the mineralized zone [6][19] - The Exploration Target aims to conceptualize the potential quantity and grade of the mineral deposit based on geological evidence [19] Ongoing Exploration - A detailed mapping and sampling campaign covering 41,253 hectares of the Cisco Project began in May 2025, with 348 rock samples collected so far [20] - The exploration program will continue through the summer, focusing on areas with anomalous trace-element geochemistry [20] Upcoming Events - Q2 Metals will attend the Fastmarkets 17 Lithium Supply and Battery Raw Materials Conference in Las Vegas from June 23-26, 2025 [22] Company Overview - Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project, which consists of 801 claims totaling 41,253 hectares [27] - The project is strategically located near key infrastructure, including the Billy Diamond Highway and the Town of Matagami [27]
Lithium Ionic Files NI 43-101 Technical Report for the Bandeira Mineral Resource Estimate, Minas Gerais, Brazil
Globenewswire· 2025-06-09 16:33
Core Viewpoint - Lithium Ionic Corp. has filed an independent NI 43-101 compliant technical report for its 100%-owned Bandeira Lithium Project in Brazil, which includes an updated Mineral Resource Estimate (MRE) announced on May 6, 2025 [1][3]. Group 1: Technical Report and Mineral Resource Estimate - The technical report, titled "Bandeira Lithium Project NI 43-101 Technical Report Mineral Resource Update," was prepared by GE21 Consultoria Mineral Ltda., AtkinsRéalis, L&M Advisory, and Planminas, with an effective date of November 20, 2024 [2]. - The updated MRE includes Measured and Indicated resources of 27.27 million tonnes (Mt) grading 1.34% Li₂O, equating to 901,059 tonnes of lithium carbonate equivalent (LCE), and an additional 18.55 Mt in the Inferred category also grading 1.34% Li₂O, which corresponds to 615,432 tonnes LCE [3]. - The updated MRE increases the Company's consolidated global mineral resources to 36.76 Mt grading 1.31% Li₂O in the Measured and Indicated category, alongside 31.87 Mt grading 1.19% Li₂O in the Inferred category [4]. Group 2: Project Overview and Location - The Bandeira Project covers 158 hectares, representing less than 1% of Lithium Ionic's total 17,000-hectare land position, and is considered one of the most promising lithium development-stage assets in Brazil [5]. - The project is strategically located adjacent to Sigma Lithium's Grota do Cirilo and Barreiro projects, as well as Companhia Brasileira de Lítio's long-standing underground lithium operation [5][8]. Group 3: Future Developments - An updated Feasibility Study to integrate the expanded MRE is currently underway and is expected to be completed in the second half of 2025 [3].
Wealth Minerals' Participation in Successful Consortium License Permitting Bid
Newsfile· 2025-06-05 16:44
Core Viewpoint - Wealth Minerals Ltd. is part of a consortium that has successfully submitted a CEOL application for lithium extraction from the Quillagua Este Salar in Chile, indicating a positive regulatory environment for lithium projects in the country [1][3]. Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on acquiring and developing lithium projects in South America, with interests in both Canada and Chile [4]. - The company holds a 3% stake in the consortium formed to extract lithium from the Quillagua Este Salar and will provide strategic advice based on its operational experience in Chile [2]. Industry Context - The lithium market is experiencing significant dynamics, with increasing metal prices driven by structural issues in meeting future demand. The company aims to capitalize on this supply-demand mismatch [5]. - The CEOL application process is part of a fast-track initiative by the Chilean government to support the development of lithium projects, reflecting a favorable regulatory stance towards privately owned projects [1][3].
Spark Energy Minerals to Attend Lithium & Critical Mineral Summit in Brazil
Newsfile· 2025-06-03 21:30
Company Participation - Spark Energy Minerals Inc. is participating as an Executive Dinner Sponsor and speaker at the 2nd Annual Lithium and Critical Mineral Summit in Belo Horizonte, Brazil from June 3rd to 5th, 2025 [1][2]. Industry Event Overview - The Brazil Lithium & Critical Minerals Summit is a significant event focused on Brazil's Lithium Valley, endorsed by Invest Minas, and aims to connect key industry players and international companies interested in lithium and critical mineral reserves [2][3]. - The inaugural summit attracted over 350 industry leaders from more than 25 countries, featuring over 50 speakers and facilitating over 180 private business meetings [3]. Notable Attendees - Key attendees of the summit include Sigma Lithium, Pilbara Minerals, Lithium Ionic, European Investment Bank, and Vale [4]. Company Project Focus - Spark Energy Minerals' CEO and Vice President of Exploration will engage with industry participants to discuss the Arapaima Lithium and Rare Earth Elements (REE) Project, which covers a land package of 919 km² and shows promising lithium and REE potential [5][6]. - The Arapaima project has identified 123 pegmatite occurrences across 13 trends with a combined strike length of 31 km, and has reported anomalous lithium values in rock chip samples up to 1,397 ppm Li [7]. Project Highlights - The project has promising REE mineralization with soil samples returning over 3,000 ppm Total Rare Earth Oxides (TREO) and stream sediments exceeding 6,000 ppm TREO [7]. - The project is well-positioned with excellent access via sealed roads and proximity to established infrastructure, including the Sigma Lithium mine located just 15 km away [7]. Corporate Development - Spark Energy Minerals has appointed Bonn Smith as Vice President of Corporate Development, bringing over 15 years of capital markets expertise [11][12].