IRIS Metals (ASX: IR1) announced an investment of $1,500,000 from the Electrification and Decarbonization AIE LP Fund, managed by Waratah Capital Advisors. The placement saw 1,500,000 shares issued at $1 per share with a bonus 750,000 options with an exercise price of $1.50 two years from the date of issue. In addition to the $1,500,000
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As Biden Administration policy changes commence being rolled out, lithium developer Anson Resources (ASX: ASN) has declared plans to capitalise on their resources in Utah by accelerating test work, seeking to confirm their lithium meets the requirements for electric vehicle batteries while manufacturers are scrambling to secure American supply. The test work, which is expected
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Shares in Piedmont Lithium (ASX, NASDAQ: PLL) have rocketed following confirmation the smallcap lithium explorer has secured Tesla Inc (NASDAQ: TSLA) as a flagship customer under a binding 5-year supply agreement. The agreement will see Piedmont supply spodumene concentrate (SP6) to Tesla from their North Carolina project and represents one-third of their planned 160,000 tonnes
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This week’s unfounded rumours of a Tesla takeover of listed battery group Novonix aside, the market for the so-called battery metals of graphite, lithium and cobalt needs a decent jump start. “Everyone’s in the toilet at the moment,” says industry veteran Mark Thompson, the CEO of graphite hopeful Talga Resources (TLG). Take lithium, which has
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The shift towards sustainable energy solutions continues to gain momentum following regulatory approval from the Clean Energy Council for domestic power bank systems produced by Soluna, a joint venture between Lithium Australia (ASX: LIT) and DLG Energy (Shanghai) Co, to be sold in Australia. In order to gain approval from the Clean Energy Council (CEC),
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Lithium explorer Galan Lithium (ASX: GLN) has continued its good run of form in Argentina, intercepting highly conductive heavy brines from their maiden drill hole at Pata Pila, their second Lithium prospect. The drilling at Pata Pila which forms part of Galan’s Western Basin projects located within South America’s lucrative Lithium Triangle, follows up Galan’s
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