• 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.

 

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
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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.