The world's second-largest mining company bet big on lithium last year, in contrast to other major miners.
Atlantic Lithium Ltd (AIM:ALL, ASX:A11, OTCID:ALLIF), the company aiming to build Ghana's first lithium mine, has boosted its finances, announcing it has secured fresh backing from Long State Investments. The London-listed explorer this morning confirmed it has banked £1 million from a previously agreed share sale and is now launching a second fundraising round worth a further £2 million.
Lithium Americas fallen back below $5 despite the company now backed by a major DOE loan for Thacker Pass construction. The lithium miner secured the $2.23 billion U.S. government loan, granting the government a 10% stake and accelerating Thacker Pass mine development. Global lithium demand is surging, driven by EVs and energy storage systems, positioning LAC for significant future growth despite current market underperformance.
LAC secures a $435 million DOE loan drawdown, boosting certainty for Thacker Pass and pushing construction momentum forward.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has provided an update on its Angel Island lithium project in Nevada, highlighting developments in permitting, plant relocation, and feasibility study work. The project is one of the largest known sediment-hosted lithium resources in the United States and is being developed as part of efforts to support domestic critical-mineral supply chains, according to Century Lithium.
Piedmont Lithium Inc. (PLLTL) Shareholder/Analyst Call Transcript
Demand for lithium is expected to rise sharply in coming years, driven by its essential role in modern technology, including autonomous vehicles, energy storage systems, and drones.
Sigma Lithium is rated a buy due to its strong focus on cost control and cash flow management amid capacity expansion. SGML benefits from improved lithium prices and operational efficiencies, supporting an updated year-end 2026 price target of $11. If lithium concentrate prices remain at $1,000/ton, SGML may attain 45% EBITDA margins and significant free cash flow generation from 2027 onward.
Wedbush analysts on Thursday weighed in on Lithium Americas Corp (TSX:LAC, NYSE:LAC)'s third-quarter results, urging caution even as the company makes progress on the buildout of its Thacker Pass facility in Nevada. “While the company makes steady progress quarter after quarter, we remain on the sidelines as the Thacker Pass facility continues steady progress on the construction front with plenty of liquidity options to tap into to fund future operations with the US Administration laying a more favorable path for Lithium America to operate in," the analysts wrote in a note to clients.
Standard Lithium is getting a boost from Washington as it vies with Exxon Mobil to become the first company to produce lithium in Arkansas, a U.S. state containing one of North America's largest supplies of the battery metal.
Atlantic Lithium Ltd (AIM:ALL, ASX:A11, OTCID:ALLIF) said its mining lease for the Ewoyaa Lithium Project in Ghana has been formally submitted to Parliament for ratification, the final step before development of what is set to become the country's first lithium mine. The Africa-focused developer confirmed that the lease, which grants it exclusive mining and production rights for an initial 15-year period, has been referred to Ghana's Parliamentary Select Committee on Lands, Forestry and Mines.
With this year's AI-fueled mega cap rally showing signs of potential frothiness, investors might be wondering how to recharge their growth allocation. One thematic fund to consider is the Amplify Lithium & Battery Technology ETF (BATT).