All your lithium news, Friday, August 11.

Chile’s leftist President Gabriel Boric is once again pushing back against conservative opposition in the country who want to let foreign investment into its lithium industry.

Earlier this year, Boric decided on reforms that ensure the future development of its huge lithium industry remains government controlled.

Under the plan, future lithium contracts would only be allowed to be issued as public-private partnerships – which observers see as deterring foreign investment.

“As long as I’m president, lithium will belong to all Chileans,” Boric said in Santiago. “That’s why we’re against this initiative.”

 

James Bay erupts

Meanwhile in Ontario, the Allkem (ASX:AKE) James Bay lithium project is now officially one of the world’s largest lithium spodumene assets in the world – and it’s going to get bigger.

A whopping 173% increase in the James Bay mineral resource now weighs in at 110.2Mt @ 1.30% Li2O. This includes 54.3Mt @ 1/30% Li2O in the indicated category and 55.9Mt @ 1.29% Li2O in the inferred category.

“James Bay is now one of the largest spodumene lithium assets and clearly has the potential to grow even further as the boundaries of mineralisation are tested through an additional drilling program commencing later in the year,” AKE MD Martin Perez de Solay says.

“The size and grade of this resource is amongst the best in the world and will underpin Allkem’s plans for future production and processing of lithium in Québec.”

Swimming around this resource is a slew of ASX juniors looking to turn James Bay into a mega-precinct – check this bonkers list out:

Kuniko Limited (ASX:KNI), Recharge Metals (ASX:REC), Fin Resources (ASX:FIN), Oceana Lithium (ASX:OCN), Megado Gold (ASX:MEG), Sayona Mining (ASX:SYA), Rubix Resources (ASX:RB6), Cosmos Exploration (ASX:C1X), Resource Base (ASX:RBX), Summit Minerals (ASX:SUM), Winsome Resources (ASX:WR1), Lightning Minerals (ASX:L1M) and incoming IPO newcomer Lithium Universe (ASX:LU7).

Patriot Battery Metals (ASX:PMT) also has its own huge resource in James Bay – the Corvette lithium project – with a resource of 109.2Mt @ 1.42% Li2O.

A huge day on the ASX for these juniors – some up 28% – on the back of Allkem’s massive resource upgrade.

 

 

Just some of the James Bay projects. Source: Lightning Minerals.

 

Here’s how ASX lithium stocks are tracking:

 

CODE COMPANY PRICE % TODAY YTD % MARKET CAP
M2R Miramar 0.06 14.58 -42.08 $5,324,487
LNR Lanthanein Resources 0.02 12.50 -37.93 $17,945,209
RMX Red Mount Min Ltd 0.00 12.50 -30.77 $10,097,404
REC Rechargemetals 0.23 12.20 12.20 $21,644,817
VSR Voltaic Strategic 0.04 12.12 85.00 $14,892,907
WCN White Cliff Min Ltd 0.01 11.11 -23.08 $11,313,167
KZR Kalamazoo Resources 0.16 10.71 -43.64 $23,527,440
KGD Kula Gold Limited 0.02 10.53 -22.22 $7,091,026
LPD Lepidico Ltd 0.01 9.09 -58.42 $84,021,363
WC8 Wildcat Resources 0.24 9.09 727.59 $146,425,752
EG1 Evergreenlithium 0.32 8.47 $16,587,850
BUR Burleyminerals 0.14 7.69 47.37 $13,168,578
L1M Lightning Minerals 0.18 7.58 $6,471,003
A11 Atlantic Lithium 0.41 6.58 $231,511,831
EPM Eclipse Metals 0.02 6.25 -22.73 $32,448,957
PL3 Patagonia Lithium 0.18 5.88 $8,330,595
LLO Lion One Metals Ltd 1.11 5.71 -26.00 $14,499,811
NMT Neometals Ltd 0.57 5.61 -58.30 $295,716,529
YAR Yari Minerals Ltd 0.02 5.26 -9.09 $9,164,798
PAT Patriot Lithium 0.21 5.00 $12,277,500
STM Sunstone Metals Ltd 0.02 4.35 -45.45 $70,885,652
MHK Metalhawk. 0.12 4.35 -29.41 $9,058,666
LRS Latin Resources Ltd 0.38 4.17 307.61 $944,352,947
CHR Charger Metals 0.28 3.77 -50.00 $16,460,308
AGY Argosy Minerals Ltd 0.29 3.64 -32.14 $386,212,062
MQR Marquee Resource Ltd 0.04 2.86 -56.63 $11,574,763
AAJ Aruma Resources Ltd 0.04 2.63 -50.63 $7,455,670
G88 Golden Mile Res Ltd 0.04 2.63 29.93 $12,516,801
GW1 Greenwing Resources 0.20 2.56 -28.57 $33,690,317
VUL Vulcan Energy 3.85 2.39 -56.69 $629,180,732
ZEO Zeotech Limited 0.04 2.38 -25.86 $71,648,769
TYX Tyranna Res Ltd 0.02 2.38 -43.42 $69,014,932
MAN Mandrake Res Ltd 0.04 2.33 -2.22 $25,746,677
PSC Prospect Res Ltd 0.11 2.27 -13.46 $50,848,541
GL1 Globallith 1.62 2.21 -11.72 $411,772,220
LIT Lithium Australia 0.05 2.13 -41.46 $57,396,009
ANX Anax Metals Ltd 0.06 1.79 -25.00 $24,074,619
MTM MTM Critical Metals 0.06 1.69 -50.00 $5,725,757
MLS Metals Australia 0.03 1.61 -48.36 $19,345,122
PGD Peregrine Gold 0.32 1.61 -58.08 $17,391,809
ASN Anson Resources Ltd 0.16 1.56 8.33 $203,308,510
NVA Nova Minerals Ltd 0.33 1.54 -59.26 $68,539,237
LEL Lithenergy 0.70 1.45 -33.65 $71,076,900
LM1 Leeuwin Metals Ltd 0.38 1.35 $16,570,450
FRS Forrestaniaresources 0.08 1.27 -54.29 $7,356,670
EUR European Lithium Ltd 0.08 1.22 -7.78 $114,327,612
AZI Altamin Limited 0.08 1.22 -5.68 $32,120,774
TKM Trek Metals Ltd 0.09 1.16 33.85 $42,408,327
ESS Essential Metals Ltd 0.46 1.10 -8.91 $122,331,285
IR1 Irismetals 2.05 0.99 298.06 $161,851,900
GT1 Greentechnology 0.57 0.89 -18.71 $119,267,413
WES Wesfarmers Limited 50.80 0.61 7.99 $57,255,277,740
PMT Patriotbatterymetals 1.42 0.35 $492,929,669
AKE Allkem Limited 14.51 0.07 19.92 $9,246,042,247
ADV Ardiden Ltd 0.01 0.00 -33.33 $16,130,012
1MC Morella Corporation 0.01 0.00 -65.00 $42,690,063
AML Aeon Metals Ltd. 0.02 0.00 -44.83 $17,542,410
AVZ AVZ Minerals Ltd 0.78 0.00 0.00 $2,752,409,203
EMH European Metals Hldg 0.84 0.00 7.69 $104,963,337
INR Ioneer Ltd 0.27 0.00 -60.58 $569,541,453
JRL Jindalee Resources 1.82 0.00 -30.80 $104,429,718
LPI Lithium Pwr Int Ltd 0.28 0.00 -53.33 $176,186,517
RLC Reedy Lagoon Corp. 0.01 0.00 -48.39 $4,533,757
TKL Traka Resources 0.01 0.00 0.00 $6,099,305
TON Triton Min Ltd 0.03 0.00 0.00 $42,156,601
BMM Balkanminingandmin 0.22 0.00 10.00 $13,435,843
ARN Aldoro Resources 0.17 0.00 -40.00 $22,212,918
AM7 Arcadia Minerals 0.11 0.00 -25.00 $9,875,261
BYH Bryah Resources Ltd 0.02 0.00 -31.28 $6,640,600
EMS Eastern Metals 0.06 0.00 -60.20 $3,659,691
FG1 Flynngold 0.07 0.00 -16.84 $9,546,781
GSM Golden State Mining 0.05 0.00 -6.93 $8,981,149
IMI Infinitymining 0.13 0.00 -3.70 $10,036,180
LRV Larvottoresources 0.15 0.00 -37.50 $10,088,208
MMC Mitremining 0.30 0.00 160.87 $11,470,530
RAG Ragnar Metals Ltd 0.02 0.00 -49.86 $10,427,581
CTN Catalina Resources 0.01 0.00 -37.50 $6,192,434
WML Woomera Mining Ltd 0.01 0.00 -34.51 $10,518,140
AZL Arizona Lithium Ltd 0.02 0.00 -78.89 $60,096,750
CRR Critical Resources 0.04 0.00 -22.22 $74,648,712
PNN Power Minerals Ltd 0.33 0.00 -39.45 $24,161,339
QXR Qx Resources Limited 0.03 0.00 -13.51 $28,699,594
ENT Enterprise Metals 0.00 0.00 -66.67 $3,197,884
KAI Kairos Minerals Ltd 0.03 0.00 -10.00 $70,764,629
AVW Avira Resources Ltd 0.00 0.00 -33.33 $4,267,580
BNR Bulletin Res Ltd 0.05 0.00 -58.46 $15,853,919
A8G Australasian Metals 0.17 0.00 -42.11 $8,599,882
EFE Eastern Resources 0.01 0.00 -69.70 $12,419,465
SRZ Stellar Resources 0.01 0.00 -25.00 $12,071,571
LSR Lodestar Minerals 0.01 0.00 -12.50 $12,903,781
AOA Ausmon Resorces 0.00 0.00 -27.27 $3,877,157
IPT Impact Minerals 0.02 0.00 100.00 $45,515,262
SRI Sipa Resources Ltd 0.02 0.00 -52.27 $4,791,321
VMC Venus Metals Cor Ltd 0.14 0.00 32.68 $25,613,372
RGL Riversgold 0.01 0.00 -62.86 $12,366,399
ZNC Zenith Minerals Ltd 0.07 0.00 -74.92 $26,076,185
RAS Ragusa Minerals Ltd 0.06 0.00 -45.00 $7,842,933
EVR Ev Resources Ltd 0.02 0.00 -53.13 $14,039,761
MXR Maximus Resources 0.04 0.00 -37.93 $11,529,208
LRD Lordresourceslimited 0.09 0.00 -65.77 $3,304,759
WMC Wiluna Mining Corp 0.21 0.00 0.00 $74,238,031
AUN Aurumin 0.02 0.00 -84.57 $6,785,911
ALY Alchemy Resource Ltd 0.01 0.00 -6.67 $16,493,068
KTA Krakatoa Resources 0.03 0.00 -48.15 $11,938,544
DAF Discovery Alaska Ltd 0.03 0.00 -45.83 $6,090,102
DAL Dalaroometalsltd 0.06 0.00 -44.44 $2,853,125
TUL Tulla Resources 0.00 0.00 -100.00 $118,262,971
LLL Leolithiumlimited 1.14 0.00 130.30 $1,125,447,873
CMD Cassius Mining Ltd 0.04 0.00 100.00 $18,875,672
SGQ St George Min Ltd 0.04 0.00 37.93 $33,862,999
ENT Enterprise Metals 0.00 0.00 -66.67 $3,197,884
FIN FIN Resources Ltd 0.01 0.00 -13.33 $8,073,460
DTM Dart Mining NL 0.03 0.00 -49.23 $5,685,478
NIS Nickelsearch 0.07 0.00 -49.13 $6,981,018
XTC Xantippe Res Ltd 0.00 0.00 -84.85 $11,480,100
KOB Kobaresourceslimited 0.11 0.00 -35.29 $11,595,833
LRD Lordresourceslimited 0.09 0.00 -65.77 $3,304,759
IEC Intra Energy Corp 0.01 0.00 -54.55 $8,103,908
SLM Solismineralsltd 0.39 0.00 413.33 $25,783,607
DYM Dynamicmetalslimited 0.21 0.00 $7,350,000
TMX Terrain Minerals 0.01 0.00 -25.00 $6,499,196
MHC Manhattan Corp Ltd 0.01 0.00 -27.27 $23,495,838
NKL Nickelxltd 0.07 0.00 -41.67 $6,050,470
GLN Galan Lithium Ltd 0.80 -1.24 -39.77 $279,070,560
IGO IGO Limited 13.12 -1.39 11.14 $10,071,661,913
RIO Rio Tinto Limited 108.08 -1.44 8.97 $40,703,857,865
LTR Liontown Resources 2.70 -1.46 56.98 $6,034,180,306
SCN Scorpion Minerals 0.06 -1.64 -4.76 $21,088,078
LIS Lisenergylimited 0.30 -1.67 -58.45 $49,774,256
CXO Core Lithium 0.57 -1.72 -60.55 $1,077,939,741
LPM Lithium Plus 0.28 -1.79 -54.55 $18,476,696
PLS Pilbara Min Ltd 5.27 -1.96 76.68 $16,100,837,459
AS2 Askarimetalslimited 0.25 -1.96 -36.71 $17,434,465
QPM Queensland Pacific 0.10 -2.02 -33.10 $172,888,444
DLI Delta Lithium 0.67 -2.19 59.52 $357,963,661
NWM Norwest Minerals 0.04 -2.22 12.82 $12,940,628
WR1 Winsome Resources 1.73 -2.26 540.74 $287,588,745
MIN Mineral Resources. 67.79 -2.32 15.43 $13,496,956,694
TMB Tambourahmetals 0.21 -2.38 28.13 $11,110,576
FBM Future Battery 0.10 -2.38 50.74 $44,923,739
TMB Tambourahmetals 0.21 -2.38 28.13 $11,110,576
BM8 Battery Age Minerals 0.37 -2.63 -26.00 $28,202,902
CAI Calidus Resources 0.17 -2.86 -77.78 $106,378,976
MM1 Midasmineralsltd 0.33 -2.99 44.44 $25,797,759
DRE Dreadnought Resources Ltd 0.05 -3.00 -42.94 $167,113,911
CY5 Cygnus Metals Ltd 0.29 -3.39 46.15 $65,864,808
MRR Minrex Resources Ltd 0.01 -3.45 -75.00 $15,730,579
SYA Sayona Mining Ltd 0.14 -3.57 -49.06 $1,441,061,442
FTL Firetail Resources 0.14 -3.57 -43.75 $13,475,000
TOR Torque Met 0.14 -3.57 -32.50 $13,487,185
PLL Piedmont Lithium Inc 0.70 -4.14 -2.80 $277,568,063
ICL Iceni Gold 0.11 -4.55 10.53 $22,942,857
LKE Lake Resources 0.20 -4.76 -84.85 $298,713,388
MNS Magnis Energy Tech 0.10 -4.76 -71.01 $123,847,306
PAM Pan Asia Metals 0.26 -5.56 -42.05 $42,055,587
OCN Oceanalithiumlimited 0.24 -5.88 -51.52 $13,534,508
LLI Loyal Lithium Ltd 0.51 -6.42 78.95 $37,327,051
EMC Everest Metals Corp 0.14 -6.67 33.33 $19,414,966
EMC Everest Metals Corp 0.14 -6.67 33.33 $19,414,966
AZS Azure Minerals 2.39 -7.36 895.83 $1,006,809,066
INF Infinity Lithium 0.11 -8.33 -26.67 $55,511,051
SBR Sabre Resources 0.04 -9.76 -26.00 $11,950,934
VKA Viking Mines Ltd 0.01 -10.00 28.57 $10,252,584
AX8 Accelerate Resources 0.02 -11.11 -36.84 $10,249,247
THR Thor Energy PLC 0.00 -11.11 -57.89 $6,566,812
TEM Tempest Minerals 0.01 -12.50 -68.89 $8,109,146
Wordpress Table Plugin

 

WHO’S GOT NEWS OUT?

Here’s more news out of lithium plays today.

 

LIGHTNING MINERALS (ASX:L1M)

L1M is entering James Bay, too, after signing an LOI for two lithium projects in the region.

The company is purchasing the 47km2 Dalmas and 32km2 Hiver lithium projects, which both have historical reports of outcropping pegmatites mapped by the Quebec government.

L1M plans to commence ground reconnaissance once the deal is done at 13 geological sites that all have reported pegmatite outcrops.

“This acquisition will be a significant step forward for the company in its exposure to lithium. L1M CEO Alex Biggs said.

“Having ground positions in two of the most prospective lithium regions globally, Western Australia and Quebec, is an excellent opportunity.”

 

BATTERY AGE MINERALS (ASX:BM8)

BM8 has announced that CEO Gerard O’Donovan is transitioning into the MD role at the critical mineral explorer.

O’Donovan’s got an extensive background in the lithium industry, having worked in the sector for more than 15 years with demonstrated success in managing large-scale construction and mining development projects.

Former roles include project manager at Pilbara Minerals (ASX:PLS) , where he was responsible for leading the development, commissioning, and ramp-up of the Pilganagoora lithium-tantalum Stage 1 mine and processing facility.

After that, he headed up the integration and restart of the Altura Lithium operations asset within the broader PLS business.

He’s also previously worked with Atlas Iron, FMG, Australian Premium Iron JV and Rio Tinto.

BAM continues to explore at its Falcon Lake lithium project in Ontario, exposure to germanium in Austria and the Tidili copper project in Morocco.

 

COSMOS EXPLORATION (ASX:C1X)

Rising from the ashes of the Canadian wildfire restrictions, C1X is about to commence a helicopter-assisted rock sampling program at its highly-prospective Corvette Far East and Lasalle lithium projects.

Located in the James Bay lithium precinct, it’s near PMT’s world-class CV5 discovery.

“We are pleased to announce the commencement of our summer exploration program with helicopter-supported sampling about to begin across the high-priority targets we have generated over our two key James Bay projects,” C1X exec chair Jeremy Robisnon said.

 

At Stockhead we tell it like it is. While Battery Age Minerals is a Stockhead advertiser, they did not sponsor this article.

Read MoreLithiumSmall Caps

Featured Companies

You might be interested in