• Cygnus acquires the Auclair lithium project from Osisko Development in Quebec, Canada
  • Patriot Lithium’s new managing director and CEO, Nicholas Vickery, commences appointment
  • Loyal Lithium enters binding agreements with two independent parties to secure controlling interest of Hidden Lake 

All your lithium news, Wednesday April 12.

 

Hyundai Motor Group has committed to spend US$18bn into the EV sector as it works towards its goal to become one of the top three EV manufacturers in the world by 2030.

Hyundai’s auto group, which also includes Kia and Genesis, revealed plans to significantly expand annual EV production in Korea to 1.51mn units in conjunction with a global volume target of 3.64mn units by 2030 at a ceremony for Kia’s first designated EV plant on Tuesday.

To enhance the domestic EV production capacity, Kia is building a new plant dedicated to produce EVs, while also expanding the existing EV lines at plants in order to expand the production capacity of EVs.

 

The Group’s large-scale investment aims to upgrade Korea’s EV ecosystem and strengthen its role as a hub for driving innovation in the global automotive industry.

In addition, the automaker will invest heavily in R&D, such as developing a platform for next-generation EVs, expanding product lineups, developing core parts and advanced technologies, and establishing research facilities.

Hyundai said that by 2030, it expects to have 31 EV models across its suite of brands.

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE TODAY RETURN % MARKET CAP
AVW Avira Resources Ltd 0.0035 17% $6,401,370
CAI Calidus Resources 0.285 16% $107,689,956
BUR Burleyminerals 0.29 16% $15,353,589
RMX Red Mount Min Ltd 0.004 14% $7,951,479
THR Thor Energy PLC 0.0045 13% $5,904,451
AOA Ausmon Resorces 0.005 11% $4,361,802
EG1 Evergreenlithium 0.33 10% $16,869,000
AAJ Aruma Resources Ltd 0.079 10% $11,301,228
GSM Golden State Mining 0.036 9% $3,861,469
KZR Kalamazoo Resources 0.18 9% $24,929,943
IPT Impact Minerals 0.012 9% $27,295,076
TKL Traka Resources 0.007 8% $5,317,084
EMH European Metals Hldg 0.62 7% $73,012,697
CY5 Cygnus Metals Ltd 0.26 6% $45,049,182
AZI Altamin Limited 0.072 6% $26,636,739
FIN FIN Resources Ltd 0.018 6% $9,587,657
CHR Charger Metals 0.295 5% $12,240,023
LLO Lion One Metals Ltd 1.18 5% $13,503,799
CHR Charger Metals 0.295 5% $12,240,023
FBM Future Battery 0.08 5% $32,516,230
KAI Kairos Minerals Ltd 0.021 5% $39,281,870
OCN Oceanalithiumlimited 0.345 5% $12,400,245
LTR Liontown Resources 2.73 4% $5,759,951,138
LM1 Leeuwin Metals Ltd 0.26 4% $10,072,499
INF Infinity Lithium 0.135 4% $60,136,972
PNN Power Minerals Ltd 0.445 3% $31,065,712
LIS Lisenergylimited 0.34 3% $54,751,682
TUL Tulla Resources 0.34 3% $106,195,321
LNR Lanthanein Resources 0.0175 3% $19,066,785
MLS Metals Australia 0.041 3% $24,281,448
MTM Mtmongerresources 0.1025 3% $7,076,025
RIO Rio Tinto Limited 121.46 2% $44,003,970,008
CXO Core Lithium 0.9075 2% $1,650,964,947
ZEO Zeotech Limited 0.052 2% $83,675,989
PLL Piedmont Lithium Inc 0.7875 2% $335,403,725
LPI Lithium Pwr Int Ltd 0.33 2% $204,456,707
DTM Dart Mining NL 0.075 1% $11,515,921
JRL Jindalee Resources 2.35 1% $133,119,201
NMT Neometals Ltd 0.635 1% $348,226,941
IGO IGO Limited 12.64 1% $9,503,711,053
VUL Vulcan Energy 5.81 1% $827,621,687
WES Wesfarmers Limited 52.11 0% $58,831,527,217
AKE Allkem Limited 11.155 0% $7,090,757,916
ADV Ardiden Ltd 0.008 0% $21,506,683
AML Aeon Metals Ltd. 0.023 0% $25,217,214
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
EUR European Lithium Ltd 0.073 0% $108,714,460
INR Ioneer Ltd 0.305 0% $639,993,171
PSC Prospect Res Ltd 0.155 0% $71,650,217
RLC Reedy Lagoon Corp. 0.007 0% $3,967,037
SYA Sayona Mining Ltd 0.195 0% $1,739,857,315
TON Triton Min Ltd 0.034 0% $47,014,662
BMM Balkanminingandmin 0.235 0% $10,521,423
ARN Aldoro Resources 0.18 0% $20,324,217
AX8 Accelerate Resources 0.026 0% $9,817,646
BYH Bryah Resources Ltd 0.023 0% $6,468,830
EMS Eastern Metals 0.062 0% $2,421,994
FRS Forrestaniaresources 0.085 0% $5,175,761
MMC Mitremining 0.29 0% $11,088,179
CTN Catalina Resources 0.005 0% $6,192,434
TMB Tambourahmetals 0.085 0% $3,501,371
WML Woomera Mining Ltd 0.01 0% $9,561,612
AZL Arizona Lithium Ltd 0.048 0% $129,166,354
LRS Latin Resources Ltd 0.11 0% $242,182,041
ENT Enterprise Metals 0.009 0% $6,345,726
STM Sunstone Metals Ltd 0.031 0% $81,233,839
PGD Peregrine Gold 0.385 0% $18,513,598
MRR Minrex Resources Ltd 0.016 0% $17,357,880
A8G Australasian Metals 0.175 0% $7,204,836
EFE Eastern Resources 0.011 0% $13,661,411
MQR Marquee Resource Ltd 0.019 0% $6,216,943
LSR Lodestar Minerals 0.0055 0% $9,561,405
VKA Viking Mines Ltd 0.011 0% $11,277,843
ZNC Zenith Minerals Ltd 0.15 0% $52,755,907
EPM Eclipse Metals 0.017 0% $34,477,016
EVR Ev Resources Ltd 0.015 0% $14,039,761
MXR Maximus Resources 0.042 0% $13,400,342
MM1 Midasmineralsltd 0.18 0% $10,283,718
M2R Miramar 0.044 0% $3,437,357
XTC Xantippe Res Ltd 0.004 0% $42,320,399
LLI Loyal Lithium Ltd 0.32 0% $19,036,800
WMC Wiluna Mining Corp 0.205 0% $74,238,031
AUN Aurumin 0.03 0% $5,932,746
ALY Alchemy Resource Ltd 0.014 0% $16,493,068
DAF Discovery Alaska Ltd 0.03 0% $6,727,041
IR1 Irismetals 1.16 0% $74,506,800
DAL Dalaroometalsltd 0.059 0% $1,762,625
LLL Leolithiumlimited 0.485 0% $478,528,602
CMD Cassius Mining Ltd 0.021 0% $8,578,351
ENT Enterprise Metals 0.009 0% $6,345,726
ESS Essential Metals Ltd 0.4975 -1% $133,783,347
AS2 Askarimetalslimited 0.395 -1% $25,129,233
ASN Anson Resources Ltd 0.1725 -1% $213,741,098
EMC Everest Metals Corp 0.069 -1% $7,450,318
LKE Lake Resources 0.4525 -2% $654,324,565
SGQ St George Min Ltd 0.053 -2% $45,387,570
RAS Ragusa Minerals Ltd 0.098 -2% $14,259,879
WR1 Winsome Resources 1.46 -2% $241,428,450
FG1 Flynngold 0.094 -2% $9,875,860
MNS Magnis Energy Tech 0.235 -2% $242,479,556
MIN Mineral Resources. 77.105 -2% $15,214,971,017
NWM Norwest Minerals 0.042 -2% $10,636,962
PL3 Patagonia Lithium 0.2 -2% $10,045,718
LEL Lithenergy 0.59 -2% $36,390,750
CRR Critical Resources 0.039 -3% $63,790,195
RDT Red Dirt Metals Ltd 0.39 -3% $178,042,996
GW1 Greenwing Resources 0.19 -3% $29,004,691
TEM Tempest Minerals 0.0185 -3% $9,629,611
A11 Atlantic Lithium 0.54 -3% $338,129,121
QXR Qx Resources Limited 0.035 -3% $32,287,044
DRE Dreadnought Resources Ltd 0.067 -3% $228,578,247
TKM Trek Metals Ltd 0.066 -3% $24,748,266
FTL Firetail Resources 0.097 -3% $7,700,000
PAM Pan Asia Metals 0.32 -3% $51,184,845
GT1 Greentechnology 0.64 -3% $125,887,339
LIT Lithium Australia 0.031 -3% $39,078,134
GLN Galan Lithium Ltd 1.02 -3% $323,795,752
WC8 Wildcat Resources 0.029 -3% $19,860,682
KTA Krakatoa Resources 0.028 -3% $9,996,588
PAT Patriot Lithium 0.265 -4% $16,744,063
GL1 Globallith 1.395 -4% $309,101,221
PLS Pilbara Min Ltd 3.55 -4% $11,062,669,885
QPM Queensland Pacific 0.125 -4% $227,025,230
NIS Nickelsearch 0.095 -4% $5,990,037
LRD Lordresourceslimited 0.225 -4% $8,514,548
SCN Scorpion Minerals 0.065 -4% $23,508,021
LPD Lepidico Ltd 0.0105 -5% $84,015,489
SRZ Stellar Resources 0.0105 -5% $11,050,940
AGY Argosy Minerals Ltd 0.395 -5% $582,829,112
VSR Voltaic Strategic 0.019 -5% $6,146,004
YAR Yari Minerals Ltd 0.018 -5% $9,164,798
TYX Tyranna Res Ltd 0.018 -5% $45,722,081
AM7 Arcadia Minerals 0.175 -5% $8,639,110
BNR Bulletin Res Ltd 0.085 -6% $26,423,199
RAG Ragnar Metals Ltd 0.016 -6% $6,446,143
RGL Riversgold 0.016 -6% $16,072,951
IMI Infinitymining 0.155 -6% $12,618,923
WCN White Cliff Min Ltd 0.0065 -7% $5,488,381
G88 Golden Mile Res Ltd 0.026 -7% $7,376,103
VMC Venus Metals Cor Ltd 0.185 -8% $35,615,737
NVA Nova Minerals Ltd 0.3 -8% $68,539,177
SRI Sipa Resources Ltd 0.023 -8% $5,703,953
1MC Morella Corporation 0.009 -10% $60,985,804
LRV Larvottoresources 0.13 -10% $9,751,935
KGD Kula Gold Limited 0.015 -12% $6,344,603
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A total of 43 companies finished in the green, 49 fell flat, and 56 tumbled into the red.

 

Who’s got news out?

CYGNUS GOLD (ASX:CY5)

Cygnus has acquired the Auclair lithium project from Osisko Development in the James Bay region of Quebec, Canada.

Under the revised terms of the transaction, Osisko will take Cygnus shares upfront in lieu of cash, demonstrating its strong support for Cygnus’ lithium strategy.

The ground holding for the Auclair project now sits at 337km2 in a greenstone belt with known pegmatite occurrences and access to excellent access to infrastructure, including all year road access.

 

PATRIOT LITHIUM (ASX:PAT)

Patriot’s new managing director and CEO, Nicholas Vickery, has commenced his appointment as the company looks to hit the ground running at its ten highly prospective lithium projects in the US and Canada.

“We have made great progress over the past month with significant growth in our highly prospective lithium landholdings, building the exploration team and now look forward to executing exploration activities on the ground,” PAT chairman Phil Thick says.

 

LOYAL LITHIUM (ASX:LLI)

Loyal Lithium has entered into binding agreements with two independent parties to secure the controlling interest of the Hidden Lake lithium project in Canada.

The binding agreements have been executed with Youssa – to acquire a 60% interest in five claims of the project – and with DG Resource Management – to acquire a 100% interest in one claim.

Patriot Battery Metals (ASX:PMT) will retain 40% of five claims with a joint venture arrangement to be formed with Loyal Lithium.

If completed, the acquisition will result in a formal change of nature for the company, from a gold exploration company to a lithium exploration and development company.

“The acquisition of the Hidden Lake Lithium Project is a game-changer for Loyal Lithium – we are delighted to collaborate with our new joint venture partner, Patriot Battery Metals, and bring a fresh approach to this remarkable spodumene project,” LLI managing director Adam Ritchie says.

 

LATIN RESOURCES (ASX:LRS)

Latin Resources has flagged yet more high-grade results from resource definition drilling at its Salinas Lithium project in Brazil – providing a nice boost to the company’s confidence in a ‘significant’ resource upgrade in June.

Mineralisation has now been defined over an area of one kilometre by one kilometre to a depth of 400m below surface and the pegmatite swarm remains open in all directions and at depth.

LRS says it is on track to close off its drilling database in mid-May to enable the JORC resource estimation process to begin in June.

 

At Stockhead we tell it like it is. While Patriot Lithium is a Stockhead advertiser, it did not sponsor this article. 

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