• Mineral Resources to buy shuttered Bald Hill lithium mine
  • Albermarle ups the ante with $6.6 billion bid for Liontown Resources
  • ASX juniors hard at work in Canada

All your lithium news, Monday September 4.

 

US lithium giant Albemarle is back knocking on the Liontown Resources (ASX:LTR) door with an improved bid for the company and its Kathleen Valley hard rock lithium project – and the once penny stock from 2019 reckons this time it’s on.

Liontown has already rejected three previous offers at $2.20, $2.35 and $2.50, however, the Tim Goyder-led board looks ready to accept the new offer, granting limited exclusive due diligence to Albemarle.

A $3 price tag for Liontown shares represents an eye-whopping 14,900% increase for shareholders who bought the developer at 2c back in 2019.

The Kathleen Valley project is pegged as an $895m, 500,000tpa operation in WA’s Northern Goldfields region.

“Should Albemarle make a binding proposal at $3 per share, subject to agreement of a mutually acceptable binding scheme implementation agreement, the intention of the Liontown board is to unanimously recommend shareholders vote in favour of the proposal in the absence of a superior proposal and subject to an independent expert concluding (and continuing to conclude) that the proposed transaction is in the best interests of shareholders,” the company announced this morning.

“Liontown notes that there is no certainty that the Revised Indicative Proposal will progress to a binding offer for consideration by shareholders.”

Albemarle has been desperate to increase its footprint in WA after completing the US$1.5 billion construction of two trains at its Kemerton lithium hydroxide plant last year near Bunbury, WA. Two more trains are on their way so Kemerton can process 100,000tpa.

Elsewhere in WA, Stockhead understands Chris Ellison’s Mineral Resources (ASX:MIN) is snapping up Singapore-listed Alita Resources’ Bald Hill lithium project in the Eastern Goldfields.

A project once being developed by WA’s own ‘Mr Lithium’ Mark Calderwood and his Tawana Resources in a JV with Alliance Mineral Assets, it was shuttered when lithium prices bottomed out and Chinese creditors came and called in the debt.

It was understood that mining giant Glencore was fishing for the project with a $1.8 billion bid, however, it seems that MinRes has won out. Alita – which used to be listed on the ASX – is currently in a trading halt on the SGX, with news likely to come out in the coming days.

 

Here’s how ASX lithium stocks are tracking:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.

Stocks missing from this list? Email [email protected]

 

Code Company Price % Today YTD% Market Cap
AVW Avira Resources Ltd 0.0015 50% -50% $2,133,790
VKA Viking Mines Ltd 0.011 22% 10% $9,227,326
BMM Balkanminingandmin 0.2 18% -39% $11,697,220
IEC Intra Energy Corp 0.008 14% 0% $11,345,471
AML Aeon Metals Ltd. 0.018 13% -33% $17,542,410
WCN White Cliff Min Ltd 0.009 13% -36% $10,056,148
RMX Red Mount Min Ltd 0.0045 13% -10% $10,097,404
WC8 Wildcat Resources 0.445 11% 1754% $266,243,186
LM1 Leeuwin Metals Ltd 0.31 11% 0% $12,539,800
ASN Anson Resources Ltd 0.15 9% -19% $174,718,251
FIN FIN Resources Ltd 0.012 9% -37% $6,831,389
LTR Liontown Resources 2.85 9% 116% $5,769,909,635
WML Woomera Mining Ltd 0.013 8% -32% $11,474,335
KAI Kairos Minerals Ltd 0.027 8% 29% $65,522,805
EPM Eclipse Metals 0.014 8% -13% $26,364,777
PNN Power Minerals Ltd 0.3 7% -43% $20,500,530
LSR Lodestar Minerals 0.0075 7% 50% $13,008,781
PMT Patriotbatterymetals 1.45 6% 93% $475,511,659
FG1 Flynngold 0.069 6% -31% $8,864,868
SBR Sabre Resources 0.052 6% 37% $14,282,823
WR1 Winsome Resources 1.585 5% 29% $245,099,058
AM7 Arcadia Minerals 0.105 5% -49% $10,473,760
GSM Golden State Mining 0.044 5% 2% $8,025,708
SGQ St George Min Ltd 0.045 5% -34% $36,402,724
QPM Queensland Pacific 0.068 5% -38% $128,369,758
CMD Cassius Mining Ltd 0.0355 4% 78% $16,888,759
FBM Future Battery 0.12 4% 126% $52,365,315
MLS Metals Australia 0.0365 4% -18% $21,841,267
IPT Impact Minerals 0.0125 4% 79% $34,376,447
ZNC Zenith Minerals Ltd 0.125 4% -53% $42,285,706
VMC Venus Metals Cor Ltd 0.13 4% 66% $23,716,085
CY5 Cygnus Metals Ltd 0.2175 4% -43% $53,768,010
DTM Dart Mining NL 0.03 3% -45% $4,996,330
IGO IGO Limited 14.285 3% 6% $10,480,586,532
NWM Norwest Minerals 0.035 3% -35% $9,777,363
AKE Allkem Limited 14.395 3% 28% $8,920,836,623
EUR European Lithium Ltd 0.072 3% -3% $97,596,742
RIO Rio Tinto Limited 117.305 3% 1% $42,404,028,125
AZS Azure Minerals 2.74 3% 1118% $1,153,775,712
TMB Tambourahmetals 0.2 3% 90% $16,173,369
TMB Tambourahmetals 0.2 3% 90% $16,173,369
NMT Neometals Ltd 0.5175 2% -35% $279,284,606
MIN Mineral Resources. 73.9 2% -4% $14,029,833,658
CHR Charger Metals 0.21 2% -53% $12,733,445
SCN Scorpion Minerals 0.059 2% -16% $20,050,959
PLS Pilbara Min Ltd 4.78 2% 27% $14,116,724,137
CXO Core Lithium 0.405 1% -60% $843,406,718
VUL Vulcan Energy 3.45 1% -45% $574,023,376
JRL Jindalee Resources 1.72 1% -9% $97,831,137
PLL Piedmont Lithium Inc 0.7 1% 9% $266,082,488
LLI Loyal Lithium Ltd 0.715 1% 142% $51,797,660
ADV Ardiden Ltd 0.006 0% -14% $16,130,012
1MC Morella Corporation 0.0065 0% -46% $39,640,773
AVZ AVZ Minerals Ltd 0.78 0% 0% $2,752,409,203
LPD Lepidico Ltd 0.01 0% -38% $76,383,079
RLC Reedy Lagoon Corp. 0.006 0% -38% $3,700,102
SYA Sayona Mining Ltd 0.115 0% -39% $1,183,729,042
TKL Traka Resources 0.006 0% -25% $5,227,976
ARN Aldoro Resources 0.125 0% -22% $16,827,968
AX8 Accelerate Resources 0.021 0% -9% $7,992,637
IMI Infinitymining 0.145 0% -47% $11,259,451
LRV Larvottoresources 0.14 0% -13% $9,415,661
MMC Mitremining 0.25 0% -11% $9,558,775
RAG Ragnar Metals Ltd 0.025 0% 118% $11,849,524
CTN Catalina Resources 0.004 0% -60% $4,953,948
AZL Arizona Lithium Ltd 0.018 0% -71% $57,504,414
CRR Critical Resources 0.038 0% -12% $67,539,311
KZR Kalamazoo Resources 0.1 0% -52% $16,805,314
MTM MTM Critical Metals 0.048 0% -39% $4,667,843
ENT Enterprise Metals 0.004 0% -60% $3,197,884
PGD Peregrine Gold 0.31 0% -20% $17,391,809
NVA Nova Minerals Ltd 0.275 0% -60% $57,994,739
CAI Calidus Resources 0.17 0% -37% $103,339,576
EFE Eastern Resources 0.009 0% -69% $11,177,518
MQR Marquee Resource Ltd 0.033 0% -11% $10,913,348
SRZ Stellar Resources 0.011 0% -15% $11,065,607
SRI Sipa Resources Ltd 0.022 0% -31% $5,019,479
RAS Ragusa Minerals Ltd 0.049 0% -57% $6,987,341
EVR Ev Resources Ltd 0.015 0% 7% $14,039,761
YAR Yari Minerals Ltd 0.019 0% 12% $9,164,798
MM1 Midasmineralsltd 0.25 0% 25% $19,252,059
M2R Miramar 0.043 0% -43% $6,401,390
WMC Wiluna Mining Corp 0.205 0% 0% $74,238,031
ZEO Zeotech Limited 0.042 0% -11% $71,648,769
GW1 Greenwing Resources 0.16 0% -42% $27,643,337
DAF Discovery Alaska Ltd 0.025 0% -22% $5,855,867
LNR Lanthanein Resources 0.014 0% -33% $15,702,058
TUL Tulla Resources 0 0% -100% $118,262,971
BUR Burleyminerals 0.125 0% -43% $12,662,095
ENT Enterprise Metals 0.004 0% -60% $3,197,884
EG1 Evergreenlithium 0.275 0% 0% $15,463,250
MAN Mandrake Res Ltd 0.039 0% -3% $23,351,637
XTC Xantippe Res Ltd 0.001 0% -67% $17,528,005
KOB Kobaresourceslimited 0.098 0% -30% $10,330,833
REC Rechargemetals 0.21 0% 56% $22,172,740
DYM Dynamicmetalslimited 0.23 0% 0% $8,050,000
TOR Torque Met 0.125 0% -31% $12,042,130
ICL Iceni Gold 0.086 0% 8% $17,937,143
TMX Terrain Minerals 0.006 0% 0% $6,499,196
MHC Manhattan Corp Ltd 0.009 0% 64% $26,432,818
MHK Metalhawk. 0.11 0% -33% $8,664,811
NKL Nickelxltd 0.07 0% -13% $6,050,470
WES Wesfarmers Limited 53.59 0% 17% $61,065,492,302
GLN Galan Lithium Ltd 0.735 -1% -31% $257,276,912
AGY Argosy Minerals Ltd 0.2525 -1% -56% $358,123,912
INR Ioneer Ltd 0.2375 -1% -38% $506,259,070
LRD Lordresourceslimited 0.079 -1% -53% $2,970,570
A11 Atlantic Lithium 0.395 -1% -36% $244,896,664
LRD Lordresourceslimited 0.079 -1% -53% $2,970,570
SLM Solismineralsltd 0.355 -1% 373% $27,570,328
BM8 Battery Age Minerals 0.32 -2% -36% $28,888,239
L1M Lightning Minerals 0.1475 -2% -11% $5,897,730
BNR Bulletin Res Ltd 0.057 -2% -39% $17,028,284
DRE Dreadnought Resources Ltd 0.056 -2% -47% $190,652,359
DLI Delta Lithium 0.785 -2% 65% $426,008,866
PAM Pan Asia Metals 0.26 -2% -37% $42,087,680
LPI Lithium Pwr Int Ltd 0.24 -2% -45% $154,163,202
OCN Oceanalithiumlimited 0.235 -2% -32% $12,738,360
LPM Lithium Plus 0.235 -2% -36% $15,837,168
DAL Dalaroometalsltd 0.046 -2% -54% $2,438,125
MNS Magnis Energy Tech 0.088 -2% -76% $106,154,834
GL1 Globallith 1.45 -2% -21% $385,893,138
PAT Patriot Lithium 0.19 -3% -28% $12,292,313
LIT Lithium Australia 0.037 -3% -18% $46,443,284
LRS Latin Resources Ltd 0.37 -3% 278% $999,128,039
LEL Lithenergy 0.545 -3% -29% $57,685,600
AZI Altamin Limited 0.069 -3% -14% $27,811,889
GT1 Greentechnology 0.49 -3% -41% $107,553,649
G88 Golden Mile Res Ltd 0.031 -3% 52% $10,540,464
INF Infinity Lithium 0.091 -3% -24% $43,483,657
PL3 Patagonia Lithium 0.15 -3% 0% $7,595,543
EMH European Metals Hldg 0.74 -3% 16% $105,012,748
QXR Qx Resources Limited 0.028 -3% -33% $26,009,007
MRR Minrex Resources Ltd 0.014 -3% -56% $15,730,579
MXR Maximus Resources 0.028 -3% -30% $9,287,417
ESS Essential Metals Ltd 0.41 -4% 26% $114,265,486
EMC Everest Metals Corp 0.13 -4% 65% $17,993,220
LLO Lion One Metals Ltd 1.04 -4% -11% $14,914,092
EMC Everest Metals Corp 0.13 -4% 65% $17,993,220
ANX Anax Metals Ltd 0.051 -4% -4% $22,784,908
IR1 Irismetals 1.845 -4% 59% $159,928,320
LIS Lisenergylimited 0.24 -4% -25% $41,478,547
FTL Firetail Resources 0.12 -4% -25% $12,031,250
ALY Alchemy Resource Ltd 0.011 -4% -52% $13,547,877
STM Sunstone Metals Ltd 0.021 -5% -43% $67,803,667
VSR Voltaic Strategic 0.0305 -5% 30% $14,441,607
AAJ Aruma Resources Ltd 0.039 -5% -26% $8,044,276
TYX Tyranna Res Ltd 0.019 -5% -21% $65,728,507
PSC Prospect Res Ltd 0.091 -5% -24% $44,376,908
EMS Eastern Metals 0.036 -5% -51% $2,528,513
KTA Krakatoa Resources 0.026 -5% -41% $11,725,356
NIS Nickelsearch 0.034 -6% -79% $3,442,694
FRS Forrestaniaresources 0.056 -7% -60% $5,624,982
AUN Aurumin 0.0205 -7% -66% $6,490,871
LKE Lake Resources 0.2 -7% -75% $305,825,612
TEM Tempest Minerals 0.013 -7% -43% $7,159,369
TON Triton Min Ltd 0.025 -7% -31% $42,156,601
RGL Riversgold 0.012 -8% -60% $12,366,399
A8G Australasian Metals 0.145 -9% -24% $8,339,279
BYH Bryah Resources Ltd 0.018 -10% -30% $6,990,106
TKM Trek Metals Ltd 0.062 -10% -18% $34,025,286
AS2 Askarimetalslimited 0.235 -11% -46% $19,957,270
KGD Kula Gold Limited 0.015 -12% -40% $6,344,603
AOA Ausmon Resorces 0.003 -14% -57% $3,392,513
THRDD Thor Energy PLC 0.028 -22% -53% $5,253,434
LLL Leolithiumlimited 0.5625 -51% 16% $1,125,447,873
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WHO’S GOT NEWS OUT?

Here’s more news out of lithium plays today.

RIVERSGOLD (ASX:RGL)

RGL is increasing its lithium portfolio with the purchase of seven spodumene-bearing landholdings in the James Bay lithium district in Quebec, Canada – collectively called the Abigail lithium project.

The package is sprawled between TSXV-listed, C$330m capped Critical Element’s Rose and Nemaska’s Whabouchi deposits, which have reserves of 26.3Mt @ 0.87% Li2O and 36.6Mt @ 1.3% Li2O respectively.

It’s comprised of 602 staked claims in seven blocks for a total area of 312 km2 and includes the West, T22, T4, East, Star, South and Southeast projects.

The explorer will pay C$75,000 cash, spend C$200,000 on exploration activities and issue 16.4 million Riversgold (ASX:RGL) shares at 1.4c per share to acquire 100% of vendor Abigail Lake.

 

LITHIUM UNIVERSE (ASX:LU7)

One of the ASX’s newest entrants, LU7 has got stuck straight into exploration work at its Apollo lithium project in James Bay after a $4.5m IPO.

Led by lithium veterans Iggy Tan from Galaxy Resources and Patrick Scallan (ex Greenbushes), the explorer is using groundbreaking AI to streamline fieldwork data and expenditure with data-driven insights.

Fieldwork and soil sampling is underway on the back of a 2 week line-Km Hi-Resolution Airborne Magnetic (AMAG) survey and has its eye on targets that follow topographic trends with a “whaleback” pattern as a focus for a future drilling program.

 

COSMOS EXPLORATION (ASX:C1X)

Lithium hunter Cosmos has found a spodumene-bearing pegmatite outcrop at the new Polaris prospect in the Corvette Far East lithium project in Quebec, Canada.

That’s in, yep, you guessed it, the region’s lithium hot spot James Bay, and zooming in, the C1X’s latest find covers an outcropping area of 40m by 20m in the south-southwest of the prospect, where the outcrop extends under low-lying cover.

Notably, the Polaris pegmatite “intrudes amphibolite host rocks within greenstone situated 20km along strike” from where a booming stock in this sector, Patriot Battery Metals, hosts the renowned CV5 lithium discovery – one of the biggest pegmatite mineral resource sites in America and the world.

 

 

At Stockhead, we tell it like it is. While Riversgold and Lithium Universe are Stockhead advertisers, they did not sponsor this article.

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