• Government of Canada signs MoU’s with German automakers Mercedes-Benz and Volkswagen
  • Riversgold acquires ground immediately to the east of Covalent Lithium’s Mt Holland lithium mine in WA
  • Cygnus Gold kicks off exploration at the Pontax Lithium Project in Quebec

All your lithium news Friday, August 26. 

 

German carmakers Mercedes-Benz Group and Volkwagen have signed landmark agreements with the Government of Canada to collaborate across all stages of the automotive chain from technical development and the extraction of raw materials to production, service life, and recycling.

Both companies have signed MoU’s promising to investigate different opportunities – Volkwagen and Canada will work together to promote e-mobility while Mercedez-Benz will explore opportunities for the sustainable source of raw materials.

As part of Mercedes-Benz’s ‘Ambition2039’, the focus is on the reduction of CO2 emissions as well as the responsible use of resources.

The automaker is preparing to go all-electric by the end of the decade, wherever market conditions allow and in close cooperation with its suppliers, the Stuttgart-based luxury carmaker is working on significantly reducing the amount of rare earth metals per electric drive.

A strategic partnership with Rock Tech Lithium Inc is being considered, which could allow it to supply Mercedez with lithium hydroxide to meet global demand for battery electric vehicles.

From 2026 onwards, as part of this envisaged partnership, Rock Tech intends to supply the auto-carmaker and its battery partners with up to 10,000 tonnes of lithium hydroxide annually, starting with a qualification period.

Volkswagen is hoping to to explore opportunities across Canada’s automotive and battery supply chain with its plan being to quickly build up highly standardised cell production capacities totalling 240 gigawatt hours per year in Europe alone.

In addition, there are plans to establish a dedicated gigafactory in North America and possible production sites are currently being examined.

PowerCo, the newly founded battery company of the Group, will drive forward the planned cooperation in the fields of battery value creation, raw materials supply chains and cathode material production in the North American region.

 

Here’s how lithium stocks are tracking:

CODE COMPANY PRICE % MONTH % WEEK % TODAY MARKET CAP
RGL Riversgold 0.047 68% 31% 34% $26,989,756
CY5 Cygnus Gold Limited 0.305 97% 33% 17% $38,268,182
RLC Reedy Lagoon Corp. 0.016 -11% -6% 14% $7,803,977
LSR Lodestar Minerals 0.008 33% 14% 14% $12,169,061
IR1 Irismetals 1.005 235% 41% 12% $54,783,000
WCN White Cliff Min Ltd 0.022 76% 76% 10% $13,072,067
ENT Enterprise Metals 0.011 10% 10% 10% $6,529,807
LNR Lanthanein Resources 0.046 171% 39% 10% $40,438,674
M2R Miramar 0.13 18% 18% 8% $7,702,400
RDT Red Dirt Metals Ltd 0.58 68% 18% 7% $164,459,390
INF Infinity Lithium 0.15 11% 0% 7% $58,101,829
WML Woomera Mining Ltd 0.016 10% 0% 7% $10,302,496
TMB Tambourahmetals 0.165 10% 0% 6% $6,384,853
DTM Dart Mining NL 0.083 34% 9% 6% $10,550,292
FRS Forrestaniaresources 0.17 6% 13% 6% $5,337,809
IPT Impact Minerals 0.0085 6% -6% 6% $19,850,964
DRE Dreadnought Resources Ltd 0.105 75% 12% 5% $304,103,355
ARN Aldoro Resources 0.25 56% -7% 4% $23,900,956
PLS Pilbara Min Ltd 3.55 40% 16% 4% $10,156,162,823
KAI Kairos Minerals Ltd 0.029 7% 0% 4% $54,994,618
EFE Eastern Resources 0.032 14% 3% 3% $31,208,652
TYX Tyranna Res Ltd 0.033 74% -15% 3% $74,795,541
G88 Golden Mile Res Ltd 0.034 21% 6% 3% $6,723,176
AKE Allkem Limited 14.1 38% 16% 3% $8,767,798,683
NVA Nova Minerals Ltd 0.85 15% 4% 2% $149,567,897
AZI Altamin Limited 0.089 -7% 7% 2% $34,079,357
WES Wesfarmers Limited 48.68 4% 0% 2% $54,016,149,129
GT1 Greentechnology 0.735 10% 3% 2% $132,674,143
LRV Larvottoresources 0.25 22% 6% 2% $10,175,463
MMC Mitremining 0.13 8% 13% 2% $3,453,350
ASN Anson Resources Ltd 0.27 108% 86% 2% $272,396,769
BYH Bryah Resources Ltd 0.028 -7% 0% 2% $7,679,471
BNR Bulletin Res Ltd 0.1425 19% -5% 2% $40,962,754
TKM Trek Metals Ltd 0.086 32% 21% 2% $26,246,558
IGO IGO Limited 12.91 29% 7% 2% $9,624,873,903
AOU Auroch Minerals Ltd 0.071 11% -3% 1% $25,977,826
LLL Leolithiumlimited 0.5375 31% -1% 1% $522,928,163
MQR Marquee Resource Ltd 0.08 13% 4% 1% $24,933,789
RIO Rio Tinto Limited 98.4 1% 1% 1% $36,104,488,974
MIN Mineral Resources. 64.565 36% 8% 1% $12,115,979,475
JRL Jindalee Resources 2.71 2% 0% 1% $154,349,419
ADV Ardiden Ltd 0.008 14% 0% 0% $21,346,683
AGY Argosy Minerals Ltd 0.39 10% 3% 0% $532,416,140
1MC Morella Corporation 0.026 53% 0% 0% $147,948,164
AML Aeon Metals Ltd. 0.03 3% 0% 0% $32,802,923
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203
INR Ioneer Ltd 0.66 28% -4% 0% $1,384,768,490
LPD Lepidico Ltd 0.029 -3% 0% 0% $188,708,546
PLL Piedmont Lithium Inc 0.915 73% 1% 0% $482,727,282
QPM Queensland Pacific 0.155 19% 3% 0% $242,360,035
PSC Prospect Res Ltd 0.105 113% 0% 0% $48,537,244
TKL Traka Resources 0.007 17% 0% 0% $4,821,422
TON Triton Min Ltd 0.027 8% -4% 0% $33,987,173
BMM Balkanminingandmin 0.21 5% 2% 0% $6,877,500
LEL Lithenergy 1.03 24% -2% 0% $46,504,500
NMT Neometals Ltd 1.46 42% 10% 0% $806,425,902
CHR Charger Metals 0.525 11% -2% 0% $17,105,043
PAM Pan Asia Metals 0.465 22% 0% 0% $34,372,913
AM7 Arcadia Minerals 0.33 106% 83% 0% $15,410,304
EMS Eastern Metals 0.145 7% -3% 0% $5,605,156
FG1 Flynngold 0.105 5% 7% 0% $6,726,410
GSM Golden State Mining 0.063 29% 13% 0% $7,371,895
IMI Infinitymining 0.2 48% 25% 0% $11,500,000
RAG Ragnar Metals Ltd 0.044 22% 2% 0% $16,684,135
SHH Shree Minerals Ltd 0.009 13% 0% 0% $11,146,382
TEM Tempest Minerals 0.04 -5% -2% 0% $20,190,647
TSC Twenty Seven Co. Ltd 0.003 0% -14% 0% $7,982,442
PNN Power Minerals Ltd 0.51 11% -4% 0% $31,397,217
WR1 Winsome Resources 0.27 46% 13% 0% $36,480,778
KZR Kalamazoo Resources 0.22 2% -8% 0% $31,942,762
SCN Scorpion Minerals 0.085 33% 8% 0% $28,205,651
STM Sunstone Metals Ltd 0.043 -14% -7% 0% $111,647,196
AVW Avira Resources Ltd 0.005 43% 0% 0% $10,593,950
RMX Red Mount Min Ltd 0.007 17% 0% 0% $11,496,547
MRR Minrex Resources Ltd 0.057 58% 10% 0% $61,124,788
A8G Australasian Metals 0.295 28% 7% 0% $12,145,296
SRZ Stellar Resources 0.015 0% -12% 0% $12,589,539
NWM Norwest Minerals 0.066 94% 43% 0% $11,920,088
VKA Viking Mines Ltd 0.008 14% 0% 0% $8,202,067
SRI Sipa Resources Ltd 0.043 8% -2% 0% $8,816,067
VMC Venus Metals Cor Ltd 0.175 3% 6% 0% $28,013,770
ZNC Zenith Minerals Ltd 0.325 0% 8% 0% $112,047,741
EPM Eclipse Metals 0.023 15% 15% 0% $44,185,907
EVR Ev Resources Ltd 0.029 -3% -12% 0% $26,853,538
WC8 Wildcat Resources 0.027 13% -7% 0% $17,422,364
THR Thor Mining PLC 0.0105 -5% 17% 0% $11,293,426
CZL Cons Zinc Ltd 0.023 15% 0% 0% $8,909,230
MXR Maximus Resources 0.047 2% -13% 0% $14,988,571
MM1 Midasmineralsltd 0.25 35% -4% 0% $14,282,941
XTC Xantippe Res Ltd 0.009 13% -10% 0% $73,131,612
MMG Monger Gold Ltd 0.43 87% 9% 0% $17,217,200
WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031
AUN Aurumin 0.12 -23% -17% 0% $15,036,857
LIS Lisenergylimited 0.58 -22% -7% 0% $96,230,228
GW1 Greenwing Resources 0.24 14% -9% 0% $29,579,364
KTA Krakatoa Resources 0.064 19% 2% 0% $22,061,435
DAF Discovery Alaska Ltd 0.083 73% 20% 0% $18,611,480
DAL Dalaroometalsltd 0.1 -17% 1% 0% $2,987,500
CXO Core Lithium 1.39 33% 0% 0% $2,423,387,522
LPI Lithium Pwr Int Ltd 0.6225 40% 4% 0% $218,215,530
LKE Lake Resources 1.2 74% 1% 0% $1,674,761,063
LTR Liontown Resources 1.71 45% 0% -1% $3,788,624,221
MNS Magnis Energy Tech 0.465 50% 9% -1% $456,055,797
ESS Essential Metals Ltd 0.44 11% -5% -1% $109,836,266
AZL Arizona Lithium Ltd 0.088 13% -1% -1% $214,216,375
EUR European Lithium Ltd 0.087 18% 4% -1% $123,221,047
CAI Calidus Resources 0.6525 4% 3% -1% $288,935,925
VUL Vulcan Energy 8.1 14% 1% -1% $1,175,349,468
GL1 Globallith 1.705 48% -9% -1% $274,547,983
AAJ Aruma Resources Ltd 0.067 9% -3% -1% $10,673,382
MLS Metals Australia 0.058 12% -3% -2% $35,815,135
ZEO Zeotech Limited 0.055 -4% -10% -2% $85,395,266
TUL Tulla Resources 0.51 -8% -2% -2% $83,312,773
ALY Alchemy Resource Ltd 0.0225 41% 18% -2% $21,920,703
LIT Lithium Australia 0.083 24% 8% -2% $88,009,793
SYA Sayona Mining Ltd 0.2875 51% 15% -3% $2,448,141,042
LRD Lordresourceslimited 0.19 -10% -12% -3% $6,198,001
GLN Galan Lithium Ltd 1.24 11% -3% -3% $388,273,252
QXR Qx Resources Limited 0.031 7% 0% -3% $27,499,594
FTL Firetail Resources 0.28 10% 8% -3% $17,916,925
OCN Oceanalithiumlimited 0.7 59% 26% -4% $24,473,250
CRR Critical Resources 0.046 10% -15% -4% $71,424,731
KGD Kula Gold Limited 0.023 -25% -8% -4% $5,164,215
LRS Latin Resources Ltd 0.115 51% 0% -4% $233,838,630
PGD Peregrine Gold 0.735 65% -12% -5% $30,009,206
EMH European Metals Hldg 0.725 -3% -14% -5% $91,572,134
AS2 Askarimetalslimited 0.36 50% 1% -6% $17,351,669
AX8 Accelerate Resources 0.039 22% 0% -7% $11,359,274
MTM Mtmongerresources 0.145 32% 16% -9% $6,001,605
RAS Ragusa Minerals Ltd 0.3 305% 67% -10% $42,657,147
AOA Ausmon Resorces 0.008 33% 14% -11% $7,715,604
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41 lithium companies finished the day in the green, 59 fell flat and 30 ended in red territory.

 

Who’s got news out?

RIVERSGOLD (ASX:RGL)

RGL has acquired a modestly sized 9.2sqkm of ground immediately to the east of Covalent Lithium’s globally significant Mt Holland lithium mine in WA.

Covalent is a joint venture between $55bn market cap Wesfarmers (ASX:WES) and major global lithium producer SQM.

Being right next door to one of the biggest lithium deposits in the world is exciting stuff, RGL CEO Julian Ford says.

“The new ground directly abuts Covalent Lithium’s Mt Holland Project, where they are actively developing their Earl Grey deposit which contains a resource of 189Mt at 1.5% lithium oxide (Li2O),” he says.

“We believe there is great potential for the Earl Grey and Bounty systems to continue into the E77/2784 tenement.”

 

CYGNUS GOLD (ASX:CY5)

Exploration is underway at the Pontax Lithium Project in Quebec with detailed airborne magnetics recently acquired and LiDAR about to kick off in what will be the first time the project has been explored since 2019 and the first time the area outside of Pontax Central has been explored for more than 10 years.

This will be followed by field mapping, in preparation for 10,000m drilling program in the coming quarter.

Pontax is within a world class lithium province which hosts major lithium projects including James Bay (40Mt at 1.4% Li2O), Whabouchi (56Mt at 1.4% Li2O ii) and Rose (34Mt at 0.9% Li2O).

All holes drilled to date have hit spodumene bearing lithium-caesium-tantalum (LCT) pegmatites with high-grade, shallow intersections including 9m at 1.7% Li2O from 46.9m, 15.6m at 1.6% Li2O from 83.9m, and 4.8m at 2.6% Li2O from 19.4m.