• GM invests US$650m in Lithium Americas Corp
  • Shares in Xantippe Resources soar as drilling begins at Southern Cross Project
  • St George enters into an option to acquire the Woolgangie Project

All your lithium news, Thursday February 2.

 

Detroit automaker General Motors (GM) has made the largest ever investment by an automaker in battery raw materials production after pouring US$650m into NYSE-listed Lithium Americas Corp to help it develop the Thacker Pass lithium project in Nevada.

The deal, announced on Tuesday, provides Lithium Americas with a major partner as it develops Thacker Pass – the largest known source of lithium in the United States and the third largest in the world.

 

Production at Thacker Pass is set to begin in the second half of 2026 with the project estimated to hold enough lithium to produce up to 1 million EVs per year.

GM has announced a total of four US cell plants with annual capacity of 160GW hours, including the Ultium Cells joint venture plant with LG Energy Solution in Warren, Ohio, currently in production, as well as JV sites in Spring Hill, Tennessee and Lansing, Michigan that are scheduled to open in 2023 and 2024, respectively.

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
ALY Alchemy Resource Ltd 0.019 19% $18,849,220
VKA Viking Mines Ltd 0.014 17% $12,303,101
TYX Tyranna Res Ltd 0.023 15% $48,108,507
NWM Norwest Minerals 0.066 14% $12,882,228
CHR Charger Metals 0.43 13% $16,611,460
CMD Cassius Mining Ltd 0.035 13% $12,663,280
TON Triton Min Ltd 0.04 11% $49,780,230
CRR Critical Resources 0.062 11% $89,058,627
BMM Balkanminingandmin 0.42 11% $17,013,365
PAT Patriot Lithium 0.445 10% $23,474,813
RAS Ragusa Minerals Ltd 0.1125 10% $14,616,376
BYH Bryah Resources Ltd 0.026 8% $6,750,083
ZEO Zeotech Limited 0.041 8% $62,346,815
AML Aeon Metals Ltd. 0.03 7% $30,699,217
RAG Ragnar Metals Ltd 0.015 7% $5,308,588
DRE Dreadnought Resources Ltd 0.1125 7% $324,421,463
ADV Ardiden Ltd 0.008 7% $20,162,515
GSM Golden State Mining 0.051 6% $5,616,682
LLI Loyal Lithium Ltd 0.53 6% $26,245,000
CZL Cons Zinc Ltd 0.019 6% $8,682,441
MMC Mitremining 0.295 5% $7,583,828
LNR Lanthanein Resources 0.02 5% $18,649,936
CTN Catalina Resources 0.0105 5% $12,384,869
MTM Mtmongerresources 0.084 5% $4,561,938
GW1 Greenwing Resources 0.32 5% $45,157,954
SYA Sayona Mining Ltd 0.2675 5% $2,215,117,448
AUN Aurumin 0.065 5% $11,021,299
AGY Argosy Minerals Ltd 0.695 5% $933,930,986
A11 Atlantic Lithium 0.74 4% $430,076,579
MLS Metals Australia 0.055 4% $32,172,918
INF Infinity Lithium 0.14 4% $62,449,933
DAF Discovery Alaska Ltd 0.03 3% $6,502,806
MQR Marquee Resource Ltd 0.036 3% $11,452,263
OCN Oceanalithiumlimited 0.37 3% $13,109,040
MRR Minrex Resources Ltd 0.038 3% $40,140,098
AS2 Askarimetalslimited 0.61 3% $29,384,390
MXR Maximus Resources 0.042 2% $13,081,286
KTA Krakatoa Resources 0.044 2% $14,822,526
IMI Infinitymining 0.235 2% $17,590,013
LRS Latin Resources Ltd 0.1175 2% $253,190,316
LIS Lisenergylimited 0.3725 2% $60,558,678
PNN Power Minerals Ltd 0.505 2% $35,761,187
CAI Calidus Resources 0.275 2% $118,625,992
MNS Magnis Energy Tech 0.4225 2% $402,687,565
LTR Liontown Resources 1.5625 2% $3,371,528,262
TUL Tulla Resources 0.365 1% $76,625,442
AZL Arizona Lithium Ltd 0.074 1% $178,302,839
GLN Galan Lithium Ltd 1.185 1% $357,441,324
EUR European Lithium Ltd 0.08 1% $114,489,895
VUL Vulcan Energy 7.21 1% $1,021,259,343
LKE Lake Resources 0.805 1% $1,127,048,084
AAJ Aruma Resources Ltd 0.085 1% $13,184,766
INR Ioneer Ltd 0.435 1% $902,285,455
LIT Lithium Australia 0.0465 1% $56,174,817
WES Wesfarmers Limited 50.165 1% $56,302,724,100
RDT Red Dirt Metals Ltd 0.505 1% $222,453,745
CY5 Cygnus Gold Limited 0.51 1% $92,856,477
ASN Anson Resources Ltd 0.2775 1% $324,020,104
LLL Leolithiumlimited 0.605 1% $591,994,147
EMH European Metals Hldg 0.7 1% $87,456,377
CXO Core Lithium 1.1375 1% $2,089,780,719
GT1 Greentechnology 0.895 1% $169,757,170
PLS Pilbara Min Ltd 4.78 0% $14,300,314,467
1MC Morella Corporation 0.015 0% $91,478,707
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
LPI Lithium Pwr Int Ltd 0.44 0% $276,802,926
QPM Queensland Pacific 0.11 0% $192,098,271
RLC Reedy Lagoon Corp. 0.01 0% $5,667,196
TKL Traka Resources 0.008 0% $5,782,196
LEL Lithenergy 0.83 0% $49,924,500
ARN Aldoro Resources 0.24 0% $27,098,956
AX8 Accelerate Resources 0.03 0% $11,328,053
EMS Eastern Metals 0.085 0% $3,320,475
FRS Forrestaniaresources 0.17 0% $10,351,522
EMC Everest Metals Corp 0.1 0% $10,643,311
WML Woomera Mining Ltd 0.016 0% $15,298,579
KGD Kula Gold Limited 0.027 0% $9,752,722
WR1 Winsome Resources 2.33 0% $327,812,409
KZR Kalamazoo Resources 0.21 0% $31,252,069
SCN Scorpion Minerals 0.084 0% $29,039,320
AZI Altamin Limited 0.079 0% $30,945,623
ENT Enterprise Metals 0.01 0% $7,050,807
STM Sunstone Metals Ltd 0.036 0% $94,336,071
AVW Avira Resources Ltd 0.003 0% $6,401,370
BNR Bulletin Res Ltd 0.105 0% $30,827,066
RMX Red Mount Min Ltd 0.006 0% $11,930,093
A8G Australasian Metals 0.19 0% $7,822,394
EFE Eastern Resources 0.018 0% $21,155,870
SRZ Stellar Resources 0.013 0% $13,060,202
LSR Lodestar Minerals 0.0045 0% $7,822,968
AOA Ausmon Resorces 0.006 0% $5,143,736
IPT Impact Minerals 0.01 0% $24,813,706
SRI Sipa Resources Ltd 0.032 0% $7,301,060
VMC Venus Metals Cor Ltd 0.145 0% $25,821,409
ZNC Zenith Minerals Ltd 0.24 0% $84,409,451
EPM Eclipse Metals 0.021 0% $42,589,256
EVR Ev Resources Ltd 0.015 0% $13,934,761
THR Thor Energy PLC 0.006 0% $8,731,877
MM1 Midasmineralsltd 0.15 0% $8,569,765
AOU Auroch Minerals Ltd 0.064 0% $27,382,089
XTC Xantippe Res Ltd 0.0055 0% $56,606,191
WMC Wiluna Mining Corp 0.205 0% $74,238,031
IR1 Irismetals 1.16 0% $74,506,800
DAL Dalaroometalsltd 0.092 0% $2,748,500
VSR Voltaic Strategic 0.024 0% $7,354,336
SGQ St George Min Ltd 0.075 0% $62,601,760
LLO Lion One Metals Ltd 1.08 0% $12,550,530
AKE Allkem Limited 12.995 -1% $8,366,074,088
TKM Trek Metals Ltd 0.072 -1% $26,567,991
NVA Nova Minerals Ltd 0.68 -1% $144,937,350
PGD Peregrine Gold 0.4925 -2% $19,375,945
IGO IGO Limited 14.46 -2% $11,139,409,529
JRL Jindalee Resources 2.23 -2% $130,250,253
M2R Miramar 0.0825 -2% $5,937,266
ESS Essential Metals Ltd 0.53 -2% $144,486,015
DTM Dart Mining NL 0.053 -2% $8,403,510
MIN Mineral Resources. 88.56 -2% $17,127,672,075
QXR Qx Resources Limited 0.048 -2% $43,946,254
G88 Golden Mile Res Ltd 0.0225 -2% $4,705,564
NMT Neometals Ltd 0.84 -2% $475,357,411
RIO Rio Tinto Limited 125.1 -3% $47,675,298,364
PLL Piedmont Lithium Inc 0.935 -3% $406,521,600
LPD Lepidico Ltd 0.0155 -3% $122,204,348
RGL Riversgold 0.028 -3% $27,418,564
GL1 Globallith 2.16 -4% $477,508,093
FTL Firetail Resources 0.135 -4% $9,100,000
TMB Tambourahmetals 0.115 -4% $4,943,112
AM7 Arcadia Minerals 0.22 -4% $10,740,515
KAI Kairos Minerals Ltd 0.021 -5% $43,210,057
LRD Lordresourceslimited 0.185 -5% $6,491,964
LRV Larvottoresources 0.18 -5% $12,778,397
TEM Tempest Minerals 0.0255 -6% $13,628,687
PSC Prospect Res Ltd 0.1125 -6% $55,471,135
WC8 Wildcat Resources 0.027 -7% $19,198,659
PAM Pan Asia Metals 0.365 -8% $58,007,958
WCN White Cliff Min Ltd 0.012 -8% $10,192,707
FG1 Flynngold 0.095 -10% $8,223,971
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A total of 62 lithium stocks finished in the green, 45 fell flat and another 30 stocks tumbled into the red.

 

Who’s got news out?

XANTIPPE RESOURCES (ASX:XTC)

Shares in XTC are on a tear after the company announced the commencement of drilling this week on lithium pegmatite targets within Exploration Lease E77/2609 in the southern part of the Southern Cross project.

Xantippe has an approved Program of Works (PoW) for the drilling and is now preparing to drill and complete the program in February.

The PoW comprises four RC holes for a total of 1,080m.

 

ST GEORGE (ASX:SGQ)

St George entered into an option to acquire the Woolgangie project, a package of nine exploration licences (granted or in application) with a total area of 1,200km2.

The project has received only superficial previous exploration for lithium bearing pegmatites and limited exploration for other types of mineralisation.

St George believes that systematic exploration for lithium and other critical metals offers an excellent opportunity for a new discovery.

 

ARCADIA MINERALS (ASX:AM7)

Assay results for all 23 drill holes at the Madube Pan area within the Bitterwasser project in Namibia have been received, indicating similar grades to the Eden Pan where a lithium JORC resource has been defined.

Importantly, AM7 says the central portion of the Madube Pan indicates elevated lithium results and when applying a cut-off of 500ppm, eight holes intersected clays of more than 500 ppm lithium content.

Both the Eden and Madube pans have only been drilled to a depth of up to 18m from surface, so the potential for further mineralised zones at depth exists over both prospects.

The plans to put out an independent JORC compliant mineral resource statement for the Madube pan by April.

 

PAN ASIA METALS (ASX:PAN)

The results of an 18 hole step out drilling program at Reung Kiet in southern Thailand have demonstrated “extensions at depth and along strike” of the existing resource, with more drilling planned to take place at the Bang I Tum lithium prospect, 8km to the north of Reung Kiet.

Pan Asia managing director Paul Lock says the results remain very positive with hits at the southern end of Reung Kiet the clear stand outs.

“Final assays required for the updated Mineral Resource will be received shortly and then CSA Global will start the required modelling and estimation work,” he says.