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Eye on Lithium: Hertz, BP team up to build EV charging network in North America
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- Hertz and BP partner to build out a network of EV charging stations in the US
- Global Lithium Resources executes MoU with Korean battery maker SK On
- Anson discovers new lithium-rich horizons at Paradox Project
All your lithium news, Thursday September 29.
American car rental company, Hertz, has collaborated with British oil giant BP for the development of a national network of electric vehicle (EV) charging stations powered by bp pulse – BP’s global electrification and charging solution brand.
BP Pulse is expanding its global network of high-speed charging for cars, light commercial vehicles, and trucks with a global target of more than 100,000 charges by 2030.
Roughly 90% of those will be rapid or ultra-fast chargers.
.@Hertz CEO Stephen Scherr on $HTZ and $BP teaming for an EV charging network: “Our ambition here is… to create a nationwide network in the [U.S.] where our customers will have seamless ability, without any anxiety, to get a charge on their car when and where they need it.” pic.twitter.com/9VPHXLLLEr
— Yahoo Finance (@YahooFinance) September 27, 2022
This deal is hot on the heels of an agreement made between Hertz and General Motors last week, whereby Hertz plans to order up to 175,000 EV’s from GM over the next five years.
It will encompass EV deliveries through 2027 as Hertz increases the EV component of its fleet and GM accelerates production of EVs broadly.
This plan is believed to be the largest expansion of EVs among fleet customers, the broadest, because it spans a wide range of vehicle categories and price points — from compact and midsize SUVs to pickups and luxury vehicles.
Here’s how ASX lithium stocks are tracking:
| CODE | COMPANY | PRICE | % TODAY | % WEEK | % MONTH | % YEAR | MARKET CAP |
|---|---|---|---|---|---|---|---|
| RMX | Red Mount Min Ltd | 0.0065 | 18% | -13% | 0% | -42% | $18,678,347 |
| TKL | Traka Resources | 0.007 | 17% | -17% | 27% | 197% | $664,081,094 |
| AOA | Ausmon Resorces | 0.009 | 13% | -10% | -14% | -66% | $121,078,562 |
| IMI | Infinitymining | 0.235 | 12% | -10% | -10% | -51% | $29,522,631 |
| G88 | Golden Mile Res Ltd | 0.029 | 12% | -13% | 22% | 261% | $334,632,114 |
| ASN | Anson Resources Ltd | 0.3175 | 11% | 0% | 0% | 126% | $2,752,409,203 |
| AM7 | Arcadia Minerals | 0.3 | 11% | -21% | -20% | 182% | $1,910,914,892 |
| THR | Thor Mining PLC | 0.01 | 11% | -18% | 1% | -48% | $89,205,163 |
| EFE | Eastern Resources | 0.031 | 11% | -4% | 3% | 168% | $109,134,866 |
| LRD | Lordresourceslimited | 0.3 | 9% | -8% | -11% | -27% | $103,617,699 |
| KZR | Kalamazoo Resources | 0.2 | 8% | -9% | -3% | 28% | $354,823,911 |
| AZI | Altamin Limited | 0.081 | 8% | -5% | 13% | 44% | $74,882,352 |
| SYA | Sayona Mining Ltd | 0.2425 | 8% | -7% | -5% | -2% | $1,248,389,775 |
| MRR | Minrex Resources Ltd | 0.044 | 7% | -11% | -15% | 1% | $126,807,515 |
| KGD | Kula Gold Limited | 0.03 | 7% | -3% | -31% | -53% | $67,080,377 |
| GL1 | Globallith | 2.3 | 7% | -10% | -19% | 62% | $1,278,775,812 |
| AOU | Auroch Minerals Ltd | 0.065 | 7% | -12% | -18% | 0% | $149,665,398 |
| PSC | Prospect Res Ltd | 0.1 | 6% | -8% | -11% | 95% | $207,336,597 |
| CHR | Charger Metals | 0.5 | 6% | -8% | -12% | 8% | $3,217,777,788 |
| XTC | Xantippe Res Ltd | 0.0085 | 6% | -6% | 1% | 44% | $12,030,613,978 |
| CAI | Calidus Resources | 0.525 | 6% | -8% | -23% | -12% | $25,495,520 |
| NWM | Norwest Minerals | 0.035 | 6% | -9% | 3% | 63% | $8,876,200,557 |
| STM | Sunstone Metals Ltd | 0.036 | 6% | -3% | -1% | 29% | $461,624,450 |
| LNR | Lanthanein Resources | 0.037 | 6% | -5% | 32% | 127% | $13,580,544,828 |
| INR | Ioneer Ltd | 0.625 | 5% | -13% | -10% | -51% | $204,322,707 |
| TON | Triton Min Ltd | 0.021 | 5% | 16% | 0% | 393% | $43,452,389 |
| ALY | Alchemy Resource Ltd | 0.021 | 5% | -7% | -7% | -52% | $7,803,977 |
| MLS | Metals Australia | 0.044 | 5% | -3% | -13% | 39% | $1,869,559,978 |
| ARN | Aldoro Resources | 0.225 | 5% | -13% | 0% | -42% | $4,132,647 |
| BYH | Bryah Resources Ltd | 0.024 | 4% | -5% | -22% | -40% | $27,655,684 |
| GLN | Galan Lithium Ltd | 1.215 | 4% | -5% | -7% | -42% | $1,077,881,464 |
| DAL | Dalaroometalsltd | 0.125 | 4% | -9% | 33% | 490% | $341,201,250 |
| MIN | Mineral Resources. | 66.06 | 4% | -3% | 74% | -53% | $13,427,500 |
| EUR | European Lithium Ltd | 0.077 | 4% | -25% | -26% | 17% | $44,210,250 |
| MNS | Magnis Energy Tech | 0.385 | 4% | 2% | -8% | -47% | $21,411,273 |
| EVR | Ev Resources Ltd | 0.026 | 4% | -7% | -23% | 31% | $599,295,961 |
| OCN | Oceanalithiumlimited | 0.53 | 4% | -5% | 8% | 59% | $10,329,132,969 |
| QPM | Queensland Pacific | 0.135 | 4% | -10% | 0% | 3% | $20,494,836 |
| LKE | Lake Resources | 0.955 | 4% | -12% | -22% | -43% | $8,946,806 |
| LIT | Lithium Australia | 0.057 | 4% | -15% | -24% | -21% | $26,980,888 |
| LTR | Liontown Resources | 1.515 | 3% | -15% | -10% | -10% | $9,736,520 |
| ESS | Essential Metals Ltd | 0.455 | 3% | -3% | 7% | 71% | $12,608,431 |
| WR1 | Winsome Resources | 0.31 | 3% | -13% | -20% | 40% | $13,520,781 |
| WC8 | Wildcat Resources | 0.031 | 3% | -14% | -11% | -57% | $6,422,830 |
| KAI | Kairos Minerals Ltd | 0.032 | 3% | -18% | -15% | -30% | $11,455,952 |
| TKM | Trek Metals Ltd | 0.065 | 3% | -3% | 0% | 0% | $5,605,156 |
| TEM | Tempest Minerals | 0.033 | 3% | -8% | 5% | -27% | $7,046,716 |
| LIS | Lisenergylimited | 0.52 | 3% | -8% | 0% | 0% | $7,920,091 |
| PLL | Piedmont Lithium Inc | 0.9 | 3% | -13% | -37% | -68% | $5,499,668 |
| RAS | Ragusa Minerals Ltd | 0.36 | 3% | 4% | 21% | 0% | $12,075,000 |
| LPI | Lithium Pwr Int Ltd | 0.545 | 3% | -9% | -19% | 0% | $8,306,500 |
| NMT | Neometals Ltd | 1.115 | 3% | -6% | 31% | 0% | $4,604,467 |
| IGO | IGO Limited | 14.01 | 3% | 3% | -11% | 3% | $15,167,396 |
| PLS | Pilbara Min Ltd | 4.67 | 3% | 11% | 11% | 0% | $12,384,869 |
| WES | Wesfarmers Limited | 44.26 | 3% | -3% | -3% | -26% | $6,384,853 |
| AZL | Arizona Lithium Ltd | 0.08 | 3% | -8% | -15% | 43% | $16,152,518 |
| AKE | Allkem Limited | 14.26 | 2% | 0% | -5% | -43% | $5,321,628 |
| 1MC | Morella Corporation | 0.0215 | 2% | 0% | 11% | 75% | $15,699,671 |
| EPM | Eclipse Metals | 0.0215 | 2% | -6% | 0% | -24% | $10,302,496 |
| TYX | Tyranna Res Ltd | 0.044 | 2% | -6% | -9% | 90% | $187,974,194 |
| LRS | Latin Resources Ltd | 0.096 | 2% | -22% | 40% | 169% | $99,697,021 |
| CY5 | Cygnus Gold Limited | 0.255 | 2% | -3% | 36% | -38% | $7,531,147 |
| ZNC | Zenith Minerals Ltd | 0.285 | 2% | -13% | -17% | 123% | $184,945,793 |
| MQR | Marquee Resource Ltd | 0.058 | 2% | -12% | -9% | 8% | $33,913,806 |
| RIO | Rio Tinto Limited | 91.26 | 1% | -3% | 17% | 0% | $40,534,198 |
| LEL | Lithenergy | 0.745 | 1% | -15% | -11% | -40% | $27,531,584 |
| GT1 | Greentechnology | 0.745 | 1% | -14% | -17% | -29% | $4,688,754 |
| TUL | Tulla Resources | 0.435 | 1% | 44% | 58% | 308% | $45,546,203 |
| CXO | Core Lithium | 1.1125 | 1% | -13% | -21% | 17% | $23,228,183 |
| PNN | Power Minerals Ltd | 0.475 | 1% | -1% | -9% | -1% | $29,378,756 |
| AGY | Argosy Minerals Ltd | 0.49 | 1% | -21% | 0% | -15% | $7,182,788 |
| JRL | Jindalee Resources | 2.23 | 1% | -16% | 10% | 8% | $60,886,898 |
| PGD | Peregrine Gold | 0.6 | 1% | -8% | -18% | 64% | $88,279,178 |
| ADV | Ardiden Ltd | 0.007 | 0% | 0% | -21% | 46% | $23,039,326 |
| AML | Aeon Metals Ltd. | 0.027 | 0% | 0% | 0% | -33% | $8,475,160 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | -13% | -26% | -43% | $121,216,442 |
| INF | Infinity Lithium | 0.18 | 0% | -4% | 2% | 0% | $140,192,719 |
| LPD | Lepidico Ltd | 0.023 | 0% | -8% | -17% | 85% | $35,110,932 |
| RLC | Reedy Lagoon Corp. | 0.014 | 0% | 8% | -7% | -35% | $9,033,001 |
| PAM | Pan Asia Metals | 0.365 | 0% | -4% | -17% | -6% | $216,701,944 |
| DTM | Dart Mining NL | 0.074 | 0% | -12% | -21% | 159% | $44,401,604 |
| FG1 | Flynngold | 0.11 | 0% | 4% | 4% | 1% | $204,051,465 |
| FRS | Forrestaniaresources | 0.185 | 0% | -2% | -2% | -32% | $11,939,443 |
| MMC | Mitremining | 0.17 | 0% | 7% | 0% | -28% | $28,256,575 |
| RAG | Ragnar Metals Ltd | 0.04 | 0% | -11% | -27% | -13% | $17,990,202 |
| SHH | Shree Minerals Ltd | 0.01 | 0% | 0% | -7% | -58% | $13,512,767 |
| TMB | Tambourahmetals | 0.155 | 0% | -14% | -14% | -33% | $10,430,624 |
| TSC | Twenty Seven Co. Ltd | 0.002 | 0% | -19% | -43% | -56% | $7,329,544 |
| WCN | White Cliff Min Ltd | 0.021 | 0% | 13% | 13% | 20% | $6,858,315 |
| WML | Woomera Mining Ltd | 0.015 | 0% | -22% | -13% | -53% | $7,176,809 |
| SCN | Scorpion Minerals | 0.07 | 0% | 0% | -13% | -52% | $17,369,594 |
| ENT | Enterprise Metals | 0.011 | 0% | 6% | 16% | -17% | $10,251,240 |
| AVW | Avira Resources Ltd | 0.004 | 0% | -9% | -9% | -17% | $24,812,196 |
| BNR | Bulletin Res Ltd | 0.12 | 0% | -10% | -8% | 32% | $27,906,838 |
| A8G | Australasian Metals | 0.29 | 0% | -5% | -7% | 39% | $96,533,438 |
| SRZ | Stellar Resources | 0.014 | 0% | 13% | 20% | 287% | $45,025,424 |
| LSR | Lodestar Minerals | 0.006 | 0% | -9% | -17% | -38% | $5,319,334 |
| VKA | Viking Mines Ltd | 0.007 | 0% | -2% | -7% | -65% | $42,509,394 |
| IPT | Impact Minerals | 0.007 | 0% | -7% | -16% | -21% | $23,149,602 |
| SRI | Sipa Resources Ltd | 0.05 | 0% | -14% | 15% | 24% | $19,358,182 |
| RGL | Riversgold | 0.036 | 0% | -11% | -18% | 20% | $359,022,649 |
| CZL | Cons Zinc Ltd | 0.021 | 0% | 0% | -8% | -6% | $33,409,459,260 |
| MXR | Maximus Resources | 0.045 | 0% | 0% | 0% | -38% | $9,892,470 |
| DRE | Dreadnought Resources Ltd | 0.1 | 0% | -5% | -9% | -25% | $8,134,514 |
| MM1 | Midasmineralsltd | 0.19 | 0% | -10% | -2% | -50% | $14,350,760 |
| M2R | Miramar | 0.091 | 0% | -13% | -9% | 170% | $304,253,355 |
| MMG | Monger Gold Ltd | 0.395 | 0% | -3% | -19% | 0% | $10,855,035 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | -13% | -33% | -56% | $5,840,986 |
| AUN | Aurumin | 0.098 | 0% | -12% | -4% | -62% | $22,637,820 |
| ZEO | Zeotech Limited | 0.042 | 0% | -6% | -15% | 325% | $65,161,839 |
| KTA | Krakatoa Resources | 0.063 | 0% | -13% | 0% | 68% | $15,815,800 |
| FTL | Firetail Resources | 0.2 | 0% | 3% | 58% | 0% | $9,153,271 |
| LLL | Leolithiumlimited | 0.5825 | 0% | 0% | 0% | -75% | $74,238,031 |
| EMH | European Metals Hldg | 0.74 | -1% | -2% | -15% | -44% | $12,280,100 |
| AAJ | Aruma Resources Ltd | 0.0565 | -1% | -13% | -24% | -54% | $65,600,450 |
| VUL | Vulcan Energy | 7.45 | -1% | 0% | 0% | 53% | $19,061,519 |
| NVA | Nova Minerals Ltd | 0.65 | -2% | -9% | -9% | -78% | $83,786,664 |
| AS2 | Askarimetalslimited | 0.295 | -2% | 37% | 47% | 26% | $51,351,413 |
| LRV | Larvottoresources | 0.195 | -3% | -2% | 0% | -9% | $21,716,725 |
| AX8 | Accelerate Resources | 0.035 | -3% | -21% | 38% | 529% | $101,302,009 |
| VMC | Venus Metals Cor Ltd | 0.15 | -3% | -23% | -30% | 38% | $14,799,490 |
| EMS | Eastern Metals | 0.14 | -3% | -20% | -29% | 0% | $12,356,500 |
| CRR | Critical Resources | 0.0645 | -4% | -8% | 64% | 695% | $110,826,300 |
| MTM | Mtmongerresources | 0.12 | -4% | -24% | -23% | 95% | $33,698,895 |
| GW1 | Greenwing Resources | 0.39 | -5% | -4% | 25% | -58% | $3,585,000 |
| RDT | Red Dirt Metals Ltd | 0.635 | -5% | -3% | -25% | -52% | $19,568,439 |
| IR1 | Irismetals | 1.71 | -6% | 2% | -14% | 89% | $36,796,329 |
| DAF | Discovery Alaska Ltd | 0.062 | -6% | -6% | -18% | -3% | $68,893,255 |
| QXR | Qx Resources Limited | 0.049 | -8% | -2% | -8% | -19% | $48,925,206,442 |
| GSM | Golden State Mining | 0.04 | -15% | -19% | 6% | 0% | $577,194,294 |
| BMM | Balkanminingandmin | 0.34 | -17% | -8% | -24% | 0% | $17,097,750 |
73 lithium stocks finished in the green, 40 fell flat and 18 ended in the red zone.
Who’s got news out today?
GLOBAL LITHIUM (ASX:GL1)
Growing Western Australia-based lithium company, Global Lithium Resources, has signed a non-binding MoU with Korea’s leading battery manufacturer SK On CO to explore future business opportunities including the development of downstream lithium assets.
SKO is one of the fastest-growing battery manufacturers in the industry, with battery production facilities operating in countries such as the US, China, and Hungary with a strong order backlog of 1,600GWh as of 2021.
The MoU will consider SK On Co for support for future capital raising’s, investment and off-take opportunities as well as opportunities for collaboration in EV and battery material supply chains.
ANSON RESOURCES (ASX:ASN)
Anson Resources has discovered new lithium-rich horizons at the Cane Creek 32-1 well at its Paradox Lithium-Brine Project in Utah, USA, which have potential to increase the Project’s recently upgraded JORC resource.
The new lithium-rich super saturated brines were found in Clastic Zones 43, 45, 47 and 49 during Resource-definition drilling into the deeper 121m thick Mississippian Units at the Cane Creek 32-1 well.
Notably, assay results from Clastic Zones 43, 45, 47 and 49 average 100ppm lithium which is ~17% higher than average grade of Clastic Zones 17, 19, 29 and 33 included in the recent Resource upgrade.
Drilling is now complete at Cane Creek and assays from the new Clastic Zones plus pending assays from the Mississippian units lead ASN to believe they have the potential to add tonnes to the Indicated and Inferred Resources.
PROSPECT RESOURCES (ASX:PSC)
PSC recently sold its 72.7Mt Arcadia lithium project in Zimbabwe to a subsidiary of lithium-ion battery material producer, Zhejiang Huayou Cobalt Co, for ~$466m net.
With the Arcadia transaction now complete, finding new projects became PSC’s top priority.
Today, it announced the expansion of its sub-Sarahan presence with an agreement to earn up to 51% interest in Omaruru, a lithium project in Namibia.
Under the agreement, Prospect will pay US$1m for 40% and US$560,000 for a further 11%, totalling an earn-in of 51%.
Further development funds will then be contributed on a pro-rata basis.
LORD RESOURCES (ASX:LRD)
Field work has begun at the Horse Rocks Lithium project, about 8km west of Mineral Resources (ASX:MIN) Mt Marion Lithium Mine on flank of same source granite with ‘Mt Marion-Style’ lithium potential.
Sampling is expected to take two weeks to complete and will be the first exploration for lithium in the Horse Rocks project area.
Concurrently, the Lord Resources technical team will carry out geological mapping and rock sampling to verify the historically mapped pegmatites, and expand known occurrences.
ARCADIA MINERALS (ASX:AM7)
AM7 says it has secured the supply of essential utilities and entered into an agreement with respect to the use of land over the mining licence area at the Swanson Tantalum-Lithium Project in Namibia.
These licences have been procured in anticipation of a definitive feasibility study, the company says.
AM7’s subsidiary, Orange River Pegmatite (ORP) concluded a water supply agreement with Namibia Water Corporation, a corporation established in terms of section 2(1) of the Namibia Water Corporation Act, 1997 (NamWater).
NamWater is to supply 210 cubic meters of water per day from NamWater boreholes at Warmbad (roughly 21km north of the Swanson Tantalum/Lithium Project) utilising the proposed Swanson Mine Water Supply Scheme.
The Supply Scheme will be constructed by ORP to provision the supply of water to the Mining License.
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