CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) said its appeal to enter the streamlined process for a Special Lithium Operating Contract for its Laguna Verde project was rejected by Chile's Ministry of Mines. It stated that the Ministry of Mines determined that CleanTech Lithium's application did not meet the specific technical thresholds to enter the streamlined process.
Electric vehicle (EV) battery producer QuantumScape Corp (NYSE:QS) is surging, up 43.5% to trade at $6.15, after revealing a successful integration of Cobra, an advanced separator for its baseline cell process.
China lithium carbonate spot prices and spodumene spot prices were lower the past month. Lithium market news - China's lithium-ion battery output up 68 pct YoY in Jan-April, 2025. Junior lithium miner company news - Galan Lithium A$20M placement to strategic partner at a 21% premium. Vulcan Energy Resources commences first new Phase One Lionheart geothermal energy-lithium well.
Global oversupply crushed lithium prices, yet SGML still has positive cash margins, thanks to the proprietary DMS technology and the lowest-quartile AISC. SGML's Phase 1 output hit 270 kt pa, and Q1 25 production met guidance. Also, Phase 2 seems largely funded by their BNDES loan. SGML can also stockpile concentrate, stagger Plant 2 spending, and lock in floor-price offtakes. So it has flexibility until prices recover, potentially by 2026.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) has laid out its priorities for the year ahead, centred on completing a key feasibility study, scaling up production from its pilot plant and securing government approval for its flagship lithium project in Chile. The company is also preparing to resume its plans for a dual listing in Australia, once the regulatory path is clarified.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has earned a repeat ‘Outperform' rating from analysts at Noble Capital following its announcement of a Listed Issuer Financing Exemption (LIFE) offering that aims to raise up to C$5 million. The company plans to issue up to 16.6 million units at C$0.30 each, raising a minimum of C$2 million.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has announced leadership changes and cost reductions as part of a streamlining initiative. Neil Herbert will become non-executive chairman from 1 July, with Keith Muller, CEO, assuming full responsibility for the company's operations and strategy.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has announced a non-brokered financing under the Listed Issuer Financing Exemption (LIFE), with plans to raise between $2 million and $5 million. The net proceeds from the financing will be used to advance the company's wholly owned Angel Island lithium project in Nevada, including an updated Feasibility Study, completion of the Plan of Operations, and progress toward National Environmental Policy Act (NEPA) compliance.
The Arkansas Oil and Gas Commission made a critical royalty ruling in favor of Standard Lithium. This ruling paves the way for lithium development in Arkansas and opens Standard up to potential additional Federal funding. Equinor (who owns 45% of the project) potentially has to pay Standard Lithium $40 million upon certain milestones associated with the Southwest lithium project.
LAC plans to use any net proceeds from the ATM Program, if generated, for general corporate purposes.
Lithium America's price-to-book ratio is 0.36x, indicating deep undervaluation. The sell-off may have been partly justified due to the lithium ups and downs, but not entirely. The company has the potential to increase production from 40,000 to 200,000 tonnes of lithium per year. 2025's production is expected to grow by 18% to 37% YoY. The company recently moved its headquarters from Canada to Switzerland in January, signaling better international positioning.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) told investors it has discovered spodumene pegmatite at its wholly-owned Agboville and Rubino licences in Côte d'Ivoire. Rock-chip sampling, following visual observations, across both licences returned lithium grades up to 1.25% Li₂O.