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European Lithium sells CRML shares for ~A$45m boost, adds to robust cash position
Yahoo Finance· 2026-02-05 01:48
Core Viewpoint - European Lithium Ltd has significantly strengthened its cash position by adding A$45 million through the sale of shares in Critical Metals Corp, raising its cash reserves to approximately A$356 million while retaining a substantial stake in CRML [1][2]. Financial Position - The company sold 2.5 million ordinary shares of CRML, which is expected to increase its cash reserves to around A$356 million [2]. - Following the sale, European Lithium holds 45,536,338 ordinary shares in CRML, valued at an estimated US$689.4 million (approximately A$985 million) based on CRML's closing price of US$15.14 [3]. Strategic Actions - The partial sell-down of CRML shares is seen as a strategic move to bolster the company's financial position, with the executive chairman stating it reinforces the already robust balance sheet [4]. - The company does not plan to sell any additional CRML shares in the next four months, maintaining its strategic influence in potential corporate transactions [4]. Previous Transactions - This transaction follows a previous sale of 5 million CRML shares for about A$124 million, which has materially boosted the company's liquidity [4]. Broader Portfolio and Outlook - Beyond CRML, European Lithium is advancing a diversified portfolio of critical minerals assets, focusing on lithium and titanium exploration in Europe, including projects in Austria, Ukraine, and Ireland [5]. - The company also holds interests in Australian base metal projects and a 7.5% stake in the Tanbreez rare earth project in Greenland [5]. - In January, European Lithium announced a proposed all-scrip acquisition of US-based titanium producer Velta, aimed at broadening its exposure to strategic industrial minerals beyond lithium [6]. Growth Strategy - With a strengthened cash position and retained strategic holding in CRML, the company aims to balance liquidity with long-term upside from its CRML-linked rare earth and lithium exposure while progressing growth through diversified critical minerals opportunities [7].
SPOD Lithium Terminates Lithium Grande 4 and MegaLi Properties Option Agreements and Announces Results of AGSM
TMX Newsfile· 2026-02-04 23:48
Core Viewpoint - SPOD Lithium Corp. has received notices of default from Noranda Royalties Inc. and Visible Gold Mines Inc. regarding option payments and share issuances related to its LG4 and MegaLi properties, leading to the decision to terminate both option agreements [1][2]. Group 1: Notices of Default - The company received notices of default for failing to make a $150,000 option payment and issue 1,375,000 common shares to each of Noranda and VGM by December 31, 2025 [1]. - Following the notices, SPOD decided not to cure the defaults and terminated both the LG4 and MegaLi option agreements [2]. Group 2: Annual General and Special Meeting (AGSM) Results - The AGSM held on January 29, 2026, saw 24,806,100 shares voted, representing 26.39% of the total eligible shares [3]. - Key resolutions included the election of directors, with Veronique Laberge, Richard Goldstein, and Hani Zabaneh receiving 99.19% approval, while Martin Dallaire received 87.13% [3]. - The appointment of auditors and approval of the stock option plan received 99.956% and 98.605% approval, respectively [3]. Group 3: Company Overview - SPOD Lithium Corp. is focused on the exploration and development of lithium resources, emphasizing sustainable practices and innovation [4]. - The company was founded in 2020 and operates in Quebec, Canada, a region known for its rich lithium deposits [4].
Lithium South AGSM Update
Accessnewswire· 2026-02-04 17:00
Core Viewpoint - Lithium South Development Corporation is preparing for its annual and special meeting of securityholders scheduled for February 19, 2026, where a key resolution regarding the sale of a subsidiary will be voted on [1] Group 1: Meeting Details - The notice of meeting, management information circular, and related documents have been mailed to securityholders on January 29, 2026 [1] - The meeting materials can be accessed on the Company's SEDAR+ profile at www.sedarplus.ca [1] Group 2: Key Agenda Item - Shareholders will consider and vote on a special resolution approving the arm's length sale of all issued and outstanding shares of NRG Metals Argentina S.A. [1]
X @Bloomberg
Bloomberg· 2026-02-04 11:05
Correction: Tianqi Lithium changed the pricing of its 2.6 billion yuan convertible bond after the previous one didn’t comply with Hong Kong stock exchange rules https://t.co/4ydXfDQUdk ...
Sigma Lithium Highlights the Issuance of an Official Technical Statement Declaring the Safety of Its Waste Piles by Brazil's National Mining Agency
TMX Newsfile· 2026-02-04 11:00
Core Viewpoint - Sigma Lithium Corporation has received an official technical statement from Brazil's mining regulator confirming the safety of its waste piles, which counters misinformation and supports the company's operational integrity [2][3][4]. Regulatory Confirmation - The Agencia Nacional de Mineracao (ANM) confirmed the absence of serious technical risks associated with Sigma Lithium's waste piles and stated that there were no legal grounds for precautionary closure measures [3][6]. - Inspections conducted on January 20 revealed no geotechnical anomalies that would indicate imminent risk, reinforcing the company's compliance with safety standards [3][6]. Response to Misinformation - The statement from the ANM addresses false information circulated in a negative media campaign against Sigma Lithium, which included the use of fake government communications [4][10]. - The company has been proactive in maintaining dialogue with regulatory authorities and providing necessary documentation to demonstrate compliance with regulations [7]. Operational Impact - Sigma Lithium's management believes that an ongoing administrative inquiry regarding its waste piles does not materially affect its mining operations, as confirmed by a safety inspection that noted over two years without labor accidents [5][6]. - The company is ramping up its mining activities and has a nameplate capacity to produce 270,000 tonnes of lithium oxide concentrate annually, with plans to double this capacity with a second plant [12][13]. Environmental and Safety Standards - Sigma Lithium emphasizes its commitment to environmental sustainability, producing "Quintuple Zero Green Lithium" with no coal power, tailings dams, potable water usage, hazardous chemicals, or labor accidents [12]. - The company utilizes advanced technology for dry stacking lithium fines, which has generated substantial demand and sales, contributing to its operational reinvestment [9].
X @Bloomberg
Bloomberg· 2026-02-04 10:14
Tianqi Lithium changed the pricing of its 2.6 billion yuan convertible bond after the previous one didn’t comply with Hong Kong stock exchange rules https://t.co/1XTfqO8HY1 ...
Elektros Launches AI-Powered Investor Relations Agent to Enhance Shareholder Communications
Accessnewswire· 2026-02-03 18:15
Core Viewpoint - Elektros Inc. has launched its first-generation virtual Investor Relations (IR) Agent to enhance shareholder communications and provide 24/7 access to company information and investor resources [1] Group 1: Company Overview - Elektros Inc. is a hard-rock lithium mining developer with operations in Sierra Leone [1] Group 2: Product Launch - The virtual IR Agent is powered by Ludlow Research and aims to streamline shareholder communications [1] - The IR Agent will offer investors convenient, round-the-clock access to publicly available company information [1]
Peloton Stakes 200 Additional Claims at the North Elko Lithium Project Bringing the Total Ground Position to 53 Square Kilometers or 20 Square Miles
Thenewswire· 2026-02-03 13:00
Core Insights - Peloton Minerals Corporation has staked an additional 200 mineral claims at its North Elko Lithium Project, increasing the total to 642 claims covering 53 square kilometers [1][9] Exploration and Drilling Results - The new claims cover Bell Canyon and Bell Canyon Road, with recent drilling showing increasing lithium values at depth, averaging 618 ppm over the bottom 155 feet, and a peak of 1150 ppm lithium [2][5] - The Bell Canyon drill location was strategically chosen due to its proximity to a lithium zone discovered by Surge Battery Metals Inc. and historical data from a 1965 water well that indicated similar clay layers [3][5] Future Plans - The company plans to conduct a series of studies using various datasets to refine drill targets for a follow-on program scheduled for summer, including metallurgical work to assess the recoverability of cesium and rubidium, which showed consistent assay results across all drill holes [5][6] - A detailed outline of the upcoming work and studies will be issued once finalized [6] Company Overview - Peloton Minerals Corporation is a reporting issuer in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [8] - The company's exploration portfolio includes the North Elko Lithium Project, as well as gold projects and a non-controlling interest in a copper porphyry project [9]
Q2 Metals Appoints Keith Phillips as Executive Chair of the Board of Directors
Globenewswire· 2026-02-03 12:00
VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce the appointment of Director Keith Phillips to the role of Executive Chair of the Board of Directors of the Company, effective immediately. Mr. Phillips joined the board of Q2 Metals in October 2025 after serving as Chief Executive Officer of Piedmont Lithium (“Piedmont”) from its inception in 2017 to its merger with Sayona Mining in 2025. Under ...
American Lithium Announces CEO Appointment
Globenewswire· 2026-02-03 12:00
VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to announce that Mr. Alex Tsakumis has been appointed Chief Executive Officer (“CEO”) effective January 29, 2026. Mr. Tsakumis was the Interim CEO of the Company since September 1, 2024, and a member of the board of directors (the “Board”) since 2021. Mr. Tsakumis is a public markets specialist with over 30 years of experience in the ...