Core Viewpoint - Standard Lithium has successfully developed a new low-temperature method for producing battery-quality lithium sulfide in collaboration with Telescope Innovations, which is essential for next-generation solid-state batteries [1][2][3]. Group 1: Company Developments - The new conversion process transforms lithium hydroxide from Standard Lithium's Arkansas Demonstration Plant into lithium sulfide, with samples sent to solid-state battery companies for testing [2]. - The partnership with Telescope Innovations is aimed at technological evolution, which is crucial for maintaining a competitive edge in the lithium industry [3]. - Standard Lithium is focused on building its first Direct Lithium Extraction (DLE) project in North America while also pursuing innovative technologies [3]. Group 2: Product Significance - Lithium sulfide is a critical raw material for many next-generation solid-state battery chemistries, yet it is produced in limited quantities and at high costs [3]. - The patented low-temperature process offers several advantages, including feedstock flexibility, impurity tolerance, lower processing temperatures, and enhanced safety in manufacturing [7]. Group 3: Company Overview - Standard Lithium is a near-commercial lithium development company with a focus on sustainable development of high-grade lithium-brine properties in the U.S., particularly in Arkansas and Texas [4]. - The company aims for commercial-scale lithium production through a scalable and integrated DLE and purification process [4].

Core Viewpoint - Sienna Resources Inc. is conducting a non-brokered private placement to raise up to $500,000 at a price of $0.105 per unit, with each unit consisting of one common share and one transferable share purchase warrant priced at $0.14 for a period of 60 months from the closing date [1][2]. Group 1 - The offering is expected to close around June 18, 2025, and is subject to necessary approvals from the TSX Venture Exchange and other regulatory bodies [2]. - Proceeds from the placement will be allocated to general working capital and evaluation of existing projects [2]. - The company aims to commence operations on at least one project this summer, focusing on the "Stonesthrow Gold Project," which spans approximately 31,718 contiguous acres [3]. Group 2 - The company is also assessing its Case Lake Project and Nevada lithium projects, indicating a diversified approach to resource exploration [3]. - The offering will be available to Canadian residents, excluding Quebec, under the Listed Issuer Financing Exemption, allowing for immediate trading of the securities without a hold period [3]. - The securities issued in the offering have not been registered under the United States Securities Act of 1933 and cannot be sold in the U.S. without proper registration or exemption [4].

Core Insights - The Arkansas Oil and Gas Commission has approved a 2.5% royalty rate for lithium extraction from brine, marking a significant milestone for lithium development in Arkansas [1][2][3] Company Overview - Standard Lithium is a leading near-commercial lithium development company focused on sustainable lithium-brine properties in the U.S., particularly in Arkansas and Texas [4] - The company aims for commercial-scale lithium production using a Direct Lithium Extraction process [4] - Standard Lithium is partnered with Equinor to advance the South West Arkansas project, which is a greenfield initiative [4][6] Project Details - The Reynolds Unit of the South West Arkansas Project is expected to have a production capacity of 22,500 tonnes per year of battery-quality lithium carbonate, with full commercial production anticipated by 2028 [3] - The total proposed royalty compensation for brine owners, including the brine fee, is approximately 3% based on current lithium prices [2] Industry Context - The approval of the royalty rate establishes a precedent for other lithium development companies operating in Arkansas, potentially encouraging further investment in the sector [1][3]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The oversupply pattern in the lithium carbonate market is expected to continue in Q2, with no significant growth in demand-side production scheduling. The supply side shows no obvious improvement, and both lithium ore and lithium salt inventories face great pressure, with a slow de-stocking process. The main market contradiction is that the pressure of lithium salt production capacity clearance is gradually spreading to the upstream ore end, and the loosening of ore prices will further drive down lithium salt prices. There is a risk of a spiral decline in ore and lithium salt prices [3]. - The fundamentals remain weak, but as the lithium carbonate price continues to decline, the probability of supply-side disturbances will increase. Be vigilant against sharp fluctuations caused by short covering. The short-term strong resistance level is 63,000 - 65,000 [4]. 3. Summary by Relevant Catalogs 3.1 Futures Price and Volatility - The pressure level of the lithium carbonate main contract is 65,000, the current volatility (20 - day rolling) is 25.3%, and the current volatility historical percentile (3 - year) is 30.1% [2]. 3.2 Risk Management Strategies - **Inventory Management**: For companies with high product inventories and inventory impairment risks, strategies include shorting lithium carbonate futures (using LC2508, selling, 60% hedging ratio, strategy level 2), selling call options (using over - the - counter/on - exchange options, selling, 60% hedging ratio, strategy level 3), and buying out - of - the - money put options (using on - exchange/over - the - counter options, buying, strategy level 2) [2]. - **Procurement Management**: For companies with future production plans and the risk of rising raw material prices, strategies include selling put options (using on - exchange/over - the - counter options, selling, hedging ratio based on procurement plan, strategy level 1 - 3), buying long - term lithium carbonate contracts (using far - month lithium carbonate contracts, buying, hedging ratio based on procurement plan), and buying out - of - the - money call options (using on - exchange/over - the - counter options, buying, hedging ratio based on procurement plan, strategy level 1) [2]. 3.3 Market News - It is rumored that several lithium salt plants plan to conduct maintenance in June, which is expected to affect the monthly lithium salt output by about 3,000 tons. Combined with last Thursday's shutdown, it is expected to affect the future monthly output by 4,500 tons, but it has little impact on the current lithium carbonate market [4]. 3.4利多 and利空 Factors - **利多 Factors**: Positive macro - policies may stimulate power demand growth; the probability of upstream ore and lithium salt plant shutdowns and maintenance increases as prices fall; there is an expectation of "90 - day" export rush due to the easing of Sino - US game, leading to passive de - stocking; high open interest may cause a rebound in the market due to short profit - taking [5][6]. - **利空 Factors**: There are still many future lithium ore production expectations, and high inventories suppress ore prices, which may drag down lithium carbonate costs; both lithium ore and lithium salt inventories are high and still in the process of inventory accumulation; industrial technology upgrades delay the clearance of high - cost production capacity [6]. 3.5 Price and Spread Data - **Futures Price Changes**: The closing price of the lithium carbonate futures main contract is 60,920, with a daily increase of 820 (1.36%), and a year - on - year decrease of 42.64%. The trading volume of the main contract is 392,469, with a daily increase of 130,487 (49.81%), and a year - on - year increase of 309.68%. The open interest of the futures main contract is 293,695, with a daily decrease of 32,777 (-10.04%), and a year - on - year increase of 71.11% [8]. - **Spot Price Changes**: The SMM average price of battery - grade lithium carbonate is 62,500, down 550 (-0.87%); the SMM average price of industrial - grade lithium carbonate is 60,900, down 550 (-0.9%); the SMM average price of battery - grade lithium hydroxide is 64,420, down 300 (-0.46%); the SMM average price of industrial - grade lithium hydroxide is 58,400, down 260 (-0.44%); the SMM average price of battery - grade lithium hydroxide CIF in China, Japan, and South Korea is 8.4 dollars/kg, down 0.05 (-0.59%); the fastmarkets average price of battery - grade lithium hydroxide CIF in China, Japan, and South Korea is 8.4 dollars/kg, with no change [10]. - **Lithium Carbonate Brand Basis**: The basis quotes of various lithium carbonate brands remain unchanged compared to the previous day [10][11]. - **Lithium Carbonate Month - to - Month Spread**: The spreads of LC07 - 08, LC08 - 11, LC11 - 12, and LC12 - 03 have different degrees of change compared to the previous period, with significant year - on - year changes [13]. - **Lithium Industry Chain Spread**: The difference between electric and industrial carbonates is 1,600 (no change); the difference between battery - grade carbonate and hydroxide is 1,920, up 250 (14.97%); the difference between battery - grade lithium hydroxide CIF in China, Japan, and South Korea and the domestic price is -4,080.28, down 131.83 (3.34%) [18]. - **Lithium Ore and Shipping Cost**: The average price of lithium mica (2% - 2.5%) is 1,260, down 20 (-1.56%); the average price of lithium spodumene concentrate (6%, CIF China) is 688 dollars/ton, down 2 (-0.29%); the fastmarkets price of lithium spodumene (6%) is 645 dollars/ton (no change); the price of lithium spodumene concentrate (6%, Zimbabwe) is 635 dollars/ton, down 15 (-2%) [20]. 3.6 Warehouse Receipt Data - The total number of lithium carbonate warehouse receipts is 34,154, a daily decrease of 825. Different warehouses have different changes in warehouse receipt quantities [23][24].

| | | | 碳 锌 8 详20250522:国内碳酸锂5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) | 2025-05-21 | 2025-05-20 | 2025-05-15 | 较昨日变化 | 近两周走势 | | | 近月合约 | 收盘价 | 61180.00 | 60960.00 | 64200.00 | 220.00 | | | | 连一合约 | 收盘价 | 61100.00 | 60860.00 | 64140.00 | 240.00 | | | | 连二合约 | 收盘价 | 62360.00 | 62100.00 | 64120.00 | 260.00 | | | | 连三合约 | 收盘价 | 62360.00 | 62100.00 | 65220.00 | 260.00 | | | | | 收盘价 | 61100.00 | 60860.00 | 64120.00 | 240.00 | | | 砖酸但期货 | 活跃合约 | 成交堂(手) | 27 ...

VANCOUVER, British Columbia, May 21, 2025 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) announces with deep sorrow the passing of Carsten Korch, esteemed Independent Director and valued member of the Audit Committee. Mr. Korch joined the Board of Directors on October 3, 2022, bringing over 30 years of entrepreneurial experience across various sectors. Based in Peru, he helped to guide the Company's strategic initiatives, particular ...

Investment Rating - The report maintains a "Buy" rating for Rio Tinto Ltd. with a 12-month price target of A$140.80, indicating an upside potential of 18.1% from the current price of A$119.22 [17]. Core Insights - Rio Tinto has entered a joint venture with Codelco to develop the Maricunga lithium project in Chile, which aligns with its growth and value creation strategy [1][4]. - The Maricunga project is expected to enhance Rio Tinto's lithium production significantly, potentially increasing its equity share to over 250ktpa by 2035 [10]. - The company is leveraging its Direct Lithium Extraction (DLE) technology, which offers higher lithium recoveries and lower capital expenditures compared to conventional methods [8][9]. Summary by Sections Joint Venture and Project Development - Rio Tinto will acquire a 49.99% interest in the Maricunga project for a total of US$900 million, with initial funding for studies and construction costs [2]. - The project aims for first production by the end of the decade, with potential additional payments contingent on production milestones [2]. Financial Projections and Valuation - The report forecasts that lithium will contribute approximately 6% of Rio Tinto's EBITDA by 2030, driven by the Rincon lithium project and the Maricunga joint venture [10]. - The company is expected to achieve a free cash flow yield of around 6% in 2025 and 7% in 2026, supported by bullish projections for copper and aluminum prices [16]. Production and Growth Outlook - Rio Tinto's copper equivalent production is projected to grow by approximately 20% and EBITDA by over 30% by 2030, primarily due to the ramp-up of the Oyu Tolgoi copper mine and improved productivity in the Pilbara region [16]. - The Pilbara region is anticipated to contribute significantly to the company's free cash flow improvements from 2025 to 2027 [16]. Market Position and Competitive Advantage - The report highlights Rio Tinto's strong market position, trading at approximately 0.7x NAV, which is competitive compared to peers [16]. - The company is recognized for its high-margin, low-emission aluminum production, which is powered by hydroelectric energy [16].

VANCOUVER, BC, May 15, 2025 (GLOBE NEWSWIRE) -- AMERICAN SALARS LITHIUM INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: ASALF, FWB: Z3P, WKN: A3E2NY) announces the addition of Dr. Mark King PhD, PGeo, FGC, a world-renowned lithium brine expert, as a Technical Advisor and Qualified Person. Dr. King is a hydrogeologist with 30+ years of international experience in groundwater modeling and geochemistry. For the past 15 years, he has specialized in exploration and evaluation of lithium brine projec ...

Core Insights - Sigma Lithium Corporation reported its first net income of $4.7 million for Q1 2025, marking a significant milestone in its operational performance [5][17] - The company achieved production volumes of 68,308 tonnes, a 26% increase year-over-year, and sales volumes of 61,584 tonnes, a 17% increase year-over-year [6][9] - The company is strategically positioned to enhance cash generation while advancing the construction of Plant 2, which is expected to significantly increase production capacity [5][22] Financial Performance - Revenues for Q1 2025 reached $47.7 million, a 28% increase compared to Q1 2024, despite a slight decline in sales volumes from the previous quarter [9][11] - The cost of sales was reported at $34.2 million, reflecting a 19% increase year-over-year, with a cost of sales per tonne averaging $556 [11][12] - Cash gross margin for Q1 2025 was 35%, down from 42% in Q4 2024, primarily due to higher costs of sales [15] Operational Metrics - The company maintained a cash operating cost of $458 per tonne, which is 9% below the 2025 target of $500 per tonne [12][13] - All-in sustaining cash costs (AISC) averaged $622 per tonne, remaining below the full-year target of $660 per tonne [13] - The average revenue per tonne increased by 10% year-over-year to $774 [8] Production and Expansion Plans - Sigma Lithium expects to reach a total production of 270,000 tonnes for FY25, with ongoing construction of Plant 2 aimed at doubling production capacity to 520,000 tonnes [10][29] - The company is actively pursuing long-term prepayment and offtake agreements to secure financing and support the construction of Plant 2 [19][5] - Civil works at the Plant 2 site are ongoing, with initial equipment deliveries expected in Q3 2025 [22] Balance Sheet and Liquidity - As of March 31, 2025, cash and cash equivalents totaled $31.1 million, a 32% decrease from the previous quarter [18] - The total amount of short and long-term debts was reported at $165.3 million, with net interest paid in Q1 2025 totaling $1.1 million [18]

ZUG, Switzerland, May 14, 2025 (GLOBE NEWSWIRE) -- Lithium Argentina AG (“Lithium Argentina” or the “Company”) (TSX: LAR) (NYSE: LAR) today announced its first quarter 2025 results. Unless otherwise stated, results are presented in United States dollar. Sam Pigott, Lithium Argentina’s President and CEO, commented: First-quarter performance highlights our focus on cost discipline at Cauchari-Olaroz. The operation performed as expected, with planned maintenance and optimization activities – aimed at enhancing ...