• Galan Lithium inks offtake funding deal with big mining player Glencore
  • Livent and Allkem bosses are looking over shoulders for deep-pocketed deal roilers

Lithium news roundup, Thursday November 16.

 

The M&A scene in Australia’s lithium land of plenty keeps frothing, with global mining and trading house Glencore committing to an offtake funding deal with Galan Lithium. 

Meanwhile, Allkem and Livent’s bosses have indicated they’re wary of deep-pocketed deal-busters Gina Rinehart and Mineral Resources’ Chris Ellison.

 

First, though, Galan…

We’ve written an in-depth special report on this news today, so for full details definitely head there. But, in brief:

The renowned global mining and trading house Glencore has agreed to purchase up to 100% of the proposed lithium chloride concentrate production from Phase 1 operations at Galan Lithium’s Hombre Muerto West project, which is in Argentina.

It has also agreed to provide the emerging lithium developer with US$70-100 million of prepayment finance.

This, reads our report, is arguably the biggest milestone in Galan Lithium’s (ASX:GLN) quest to become Argentina’s next lithium producer during the first half of 2025.

Spodumene enthusiast “@_gobbler” seems to dig the news, reposting the company’s ASX announcement from this morning…

 

 

Livent’s lament

Bloomberg reports that amid the lithium-junior deal-roiling shares buy-ups by Hancock Prospecting’s Gina Rinehart and Mineral Resources’ Chris Ellison over in WA, main players in another potential deal – between Allkem and US company Livent – have had something to say about it.

With her near-20% stake, iron ore billionaire Rinehart essentially forced US giant Albemarle to walk away from its bid for Liontown Resources in October.

Meanwhile it seems Rinehart and MinRes boss Ellison are also, between them, building up a big enough pot to potentially disrupt the agreed $1.6bn cash bid for Azure Minerals from Chilean gun SQM.

“For us, if there’s any meaningful risk of somebody coming in and trying to interfere with our freedom to operate a resource, then we don’t want that resource,” said Livent CEO Paul Graves this week, per Bloomberg.

“It’s another voice in the room that may have a different view as to what to do.”

Allkem and Livent are planning to combine in a venture called Arcadium, in what they expect to become the world’s third largest lithium producer by 2027.

Allkem shareholders are meeting on Dec 19 to vote on the merger.

“It’s becoming difficult for newcomers to be able to bring the production onstream,” said Allkem CEO Martín Pérez de Solay.

“Incumbents like us are clearly favour the current dynamics in the industry because we continue to be able to deliver,” he added.

 

Here’s something else

The Visual Capitalist makes some damn attractive infographics and charts and whatnot. Not to mention bringing the data-tastic goodness.

This one – titled “Breaking Down the $400B Battery Value Chain” – caught our eyes this morning. Partly for the colourful wheel, partly for the stats in its broader piece, put together with US tech company EnergyX.

 

Source: visualcapitalist.com

 

Statistcal eye openers include:

• The lithium battery industry is projected to grow fivefold by 2030.

• This is projected to create over US$400b in annual revenue opportunities across the globe.

 

Source: visualcapitalist.com

 

Meanwhile, Australia makes the top 50 most innovative countries in the world…

… out of 132.

 

ASX lithium form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 3pm.) 

Stocks missing from this list?

Email [email protected] and/or [email protected]

CODE COMPANY PRICE DAILY RTN % 1 WEEK % 1 MTH % YTD % MARKET CAP
ADV Ardiden Ltd 0.005 0% 0% -17% 0% $13,441,677
AGY Argosy Minerals Ltd 0.155 0% -9% -18% -42% $217,683,162
1MC Morella Corporation 0.007 17% 17% 27% -1% $36,981,556
AML Aeon Metals Ltd. 0.008 0% -20% -47% -2% $8,771,205
ASN Anson Resources Ltd 0.165 0% 0% 14% -2% $212,146,963
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203
CXO Core Lithium 0.365 -4% -5% -3% -66% $812,035,507
EMH European Metals Hldg 0.615 -1% -1% -2% -3% $78,661,706
ESS Essential Metals Ltd 0.5 0% 0% 4% 18% $135,278,382
EUR European Lithium Ltd 0.079 -1% -1% 13% 1% $111,539,134
GLN Galan Lithium Ltd 0.75 8% 27% 9% -32% $245,489,485
INF Infinity Lithium 0.115 5% 40% 28% -1% $50,885,130
INR Ioneer Ltd 0.16 3% -3% -18% -22% $327,268,883
JRL Jindalee Resources 1.08 0% -4% -37% -81% $65,140,326
LIT Lithium Australia 0.032 -3% -3% 0% -1% $40,332,325
LKE Lake Resources 0.165 -6% -6% -15% -64% $248,927,824
LPD Lepidico Ltd 0.009 0% -10% -22% -1% $68,744,772
LPI Lithium Pwr Int Ltd 0.53 -1% 1% 22% 9% $340,272,554
LTR Liontown Resources 1.47 -4% -7% -47% 15% $3,669,773,435
MIN Mineral Resources. 62.6 0% 6% 0% -1460% $12,257,707,678
MLS Metals Australia 0.036 -3% 0% 9% -1% $23,089,339
AKE Allkem Limited 9.05 -1% -3% -23% -219% $5,830,610,192
PLL Piedmont Lithium Inc 0.45 2% 2% -19% -20% $161,760,192
PLS Pilbara Min Ltd 3.57 -3% -3% -14% -18% $11,044,727,962
QPM Queensland Pacific 0.056 0% -5% -14% -5% $112,702,257
PSC Prospect Res Ltd 0.099 2% 10% 32% -2% $44,839,168
RLC Reedy Lagoon Corp. 0.005 0% 0% -17% 0% $3,083,418
SYA Sayona Mining Ltd 0.079 -2% -9% -14% -11% $833,756,977
TKL Traka Resources 0.0045 0% -10% -25% 0% $3,938,982
TON Triton Min Ltd 0.0245 11% -2% 17% -1% $34,349,911
VUL Vulcan Energy 2.71 5% 9% -1% -362% $434,305,077
GL1 Globallith 1.26 -6% 2% -7% -59% $347,017,496
BMM Balkanminingandmin 0.15 -6% 25% -12% -18% $11,009,148
LEL Lithenergy 0.59 0% -9% 5% -18% $60,775,900
ARN Aldoro Resources 0.085 2% -1% -11% -8% $11,173,771
NMT Neometals Ltd 0.26 0% 4% -24% -54% $143,860,064
IGO IGO Limited 8.85 -4% -5% -24% -461% $7,004,727,270
AAJ Aruma Resources Ltd 0.036 0% 3% 6% -2% $7,088,094
PAM Pan Asia Metals 0.15 -3% -3% -25% -26% $25,888,322
AX8 Accelerate Resources 0.055 6% 38% 83% 3% $24,544,114
AM7 Arcadia Minerals 0.089 0% 11% -15% -12% $9,705,459
AS2 Askarimetalslimited 0.195 3% 26% 3% -24% $14,639,540
BYH Bryah Resources Ltd 0.02 5% 67% 48% -1% $6,813,500
EMS Eastern Metals 0.033 0% 10% 6% -4% $2,720,066
FG1 Flynngold 0.065 -12% -4% 8% -4% $10,092,311
FRS Forrestaniaresources 0.032 10% 7% -9% -11% $2,966,747
GSM Golden State Mining 0.022 -4% -12% -41% -2% $4,395,030
IMI Infinitymining 0.15 25% 36% 11% -13% $9,343,166
LRV Larvottoresources 0.12 0% -8% -4% -4% $8,070,567
MMC Mitremining 0.24 0% 14% 0% -4% $10,884,024
RAG Ragnar Metals Ltd 0.024 0% -4% 0% 1% $11,375,543
CTN Catalina Resources 0.004 0% 14% 0% -1% $4,953,948
TMB Tambourahmetals 0.125 -7% -19% 0% 2% $11,196,948
TEM Tempest Minerals 0.009 0% 13% 6% -1% $4,602,451
EMC Everest Metals Corp 0.095 0% 8% -24% 2% $15,511,895
WCN White Cliff Min Ltd 0.012 0% 0% -8% 0% $15,084,223
WML Woomera Mining Ltd 0.026 8% 53% 160% 1% $28,648,669
AZL Arizona Lithium Ltd 0.037 -10% 16% 147% -3% $136,070,227
CRR Critical Resources 0.028 -7% -3% -24% -2% $53,335,508
KGD Kula Gold Limited 0.032 52% 167% 146% 1% $7,837,450
LRS Latin Resources Ltd 0.21 -9% -21% -29% 11% $637,676,426
PNN Power Minerals Ltd 0.27 4% 8% 8% -26% $22,403,206
WR1 Winsome Resources 1.23 -3% -10% 0% 0% $225,545,706
KZR Kalamazoo Resources 0.12 9% 20% 24% -9% $18,850,642
MTM MTM Critical Metals 0.024 -4% 4% -27% -6% $2,483,427
QXR Qx Resources Limited 0.028 -13% -18% 4% -1% $35,383,291
SCN Scorpion Minerals 0.053 -4% 4% -4% -2% $19,068,841
AZI Altamin Limited 0.059 2% -2% -5% -2% $22,720,708
ENT Enterprise Metals 0.004 0% 33% 0% -1% $3,197,884
KAI Kairos Minerals Ltd 0.016 0% -6% -20% 0% $41,934,595
STM Sunstone Metals Ltd 0.017 0% -6% 6% -2% $52,393,743
PGD Peregrine Gold 0.28 -2% -10% 12% -11% $16,090,131
AVW Avira Resources Ltd 0.002 0% 0% 0% 0% $4,267,580
NVA Nova Minerals Ltd 0.255 2% -2% 0% -43% $52,722,490
GT1 Greentechnology 0.425 -6% 9% -11% -40% $124,265,607
BNR Bulletin Res Ltd 0.165 -6% -6% 38% 7% $51,378,443
CAI Calidus Resources 0.17 -3% -8% 13% -10% $106,791,476
MRR Minrex Resources Ltd 0.016 10% 7% -6% -2% $15,730,579
A8G Australasian Metals 0.17 -6% -15% -17% -2% $9,381,689
EFE Eastern Resources 0.01 -17% 11% 0% -2% $14,903,358
MQR Marquee Resource Ltd 0.033 10% 27% 22% 0% $12,401,531
SRZ Stellar Resources 0.009 0% 0% -18% 0% $9,883,678
LSR Lodestar Minerals 0.004 0% 0% -20% 0% $8,093,589
NWM Norwest Minerals 0.03 -12% -6% 3% -2% $9,777,363
AOA Ausmon Resorces 0.003 0% 0% 0% 0% $3,020,998
VKA Viking Mines Ltd 0.012 9% 20% 20% 0% $11,277,843
IPT Impact Minerals 0.0115 -4% 5% 15% 0% $34,376,447
SRI Sipa Resources Ltd 0.021 0% 0% 11% -1% $4,791,321
VMC Venus Metals Cor Ltd 0.1 0% -5% -13% 2% $18,972,868
RGL Riversgold 0.011 0% 22% -15% -2% $10,463,876
ZNC Zenith Minerals Ltd 0.17 -3% 31% 70% -10% $61,666,655
RAS Ragusa Minerals Ltd 0.058 7% 35% 57% -6% $7,700,334
G88 Golden Mile Res Ltd 0.025 0% 4% 25% 0% $8,234,738
EPM Eclipse Metals 0.009 0% 0% -25% -1% $18,394,238
EVR Ev Resources Ltd 0.011 -8% 0% -21% 0% $11,337,358
WC8 Wildcat Resources 0.8 1% -6% 86% 78% $822,271,109
MNS Magnis Energy Tech 0.061 -2% -25% -18% -31% $74,368,885
RIO Rio Tinto Limited 125.17 0% 5% 9% 876% $46,628,468,641
THR Thor Energy PLC 0.028 4% 12% 4% -3% $5,035,292
YAR Yari Minerals Ltd 0.016 0% 7% 23% 0% $7,717,725
MXR Maximus Resources 0.045 0% 13% 61% 1% $14,427,260
DRE Dreadnought Resources Ltd 0.034 3% 3% -24% -7% $114,079,195
MM1 Midasmineralsltd 0.15 0% -3% -17% -5% $13,012,087
M2R Miramar 0.024 0% 9% -45% -5% $3,572,869
LLI Loyal Lithium Ltd 0.435 4% 1% -19% 14% $34,196,870
LRD Lordresourceslimited 0.078 -4% 13% 16% -9% $3,007,702
WMC Wiluna Mining Corp 0.205 0% 0% 0% 0% $74,238,031
AUN Aurumin 0.021 5% -16% -19% -4% $6,368,862
ZEO Zeotech Limited 0.042 0% -19% -18% -1% $72,593,769
ALY Alchemy Resource Ltd 0.01 -9% -9% 0% -1% $12,958,839
LIS Lisenergylimited 0.205 -9% 0% -20% -12% $144,045,052
GW1 Greenwing Resources 0.15 0% 15% 3% -13% $26,137,722
KTA Krakatoa Resources 0.039 -9% 50% 105% -1% $18,700,610
TYX Tyranna Res Ltd 0.017 6% 6% 6% -1% $52,582,805
DAF Discovery Alaska Ltd 0.016 -6% 7% -20% -2% $3,981,990
FTL Firetail Resources 0.105 0% 5% 8% -6% $15,635,083
IR1 Irismetals 1.455 5% -3% -12% 30% $168,794,625
LNR Lanthanein Resources 0.007 0% -13% -13% -1% $7,851,029
DAL Dalaroometalsltd 0.031 -11% 0% -40% -7% $2,856,000
TKM Trek Metals Ltd 0.052 4% 2% 58% -2% $24,882,004
CY5 Cygnus Metals Ltd 0.155 0% -7% -3% -23% $44,956,609
TUL Tulla Resources 0 0% -100% -100% -33% $118,262,971
WES Wesfarmers Limited 53.99 0% 2% 2% 808% $61,451,049,728
LLL Leolithiumlimited 0.505 0% 0% 0% 2% $498,553,663
OCN Oceanalithiumlimited 0.18 44% 44% 6% -17% $6,634,563
A11 Atlantic Lithium 0.51 -10% 28% -2% -11% $345,916,538
CMD Cassius Mining Ltd 0.035 -3% 0% -10% 2% $17,882,215
VSR Voltaic Strategic 0.021 5% -16% -13% 0% $9,662,078
SGQ St George Min Ltd 0.036 -3% -20% -10% -3% $34,922,011
LLO Lion One Metals Ltd 1 0% 1% -5% -17% $14,688,840
PAT Patriot Lithium 0.19 -12% -10% 12% -8% $14,731,183
PL3 Patagonia Lithium 0.14 0% 8% -7% 0% $6,860,490
BUR Burleyminerals 0.18 3% -16% 13% -4% $17,726,932
CHR Charger Metals 0.33 0% 10% 136% -12% $20,497,741
RMX Red Mount Min Ltd 0.004 0% 0% 0% 0% $10,694,304
DLI Delta Lithium 0.515 5% -6% -25% 5% $261,544,665
LM1 Leeuwin Metals Ltd 0.23 0% -13% -29% 0% $10,300,550
ENT Enterprise Metals 0.004 0% 33% 0% -1% $3,197,884
FIN FIN Resources Ltd 0.031 0% -3% 35% 1% $20,124,230
DTM Dart Mining NL 0.019 0% 6% -12% -4% $3,683,066
NIS Nickelsearch 0.11 5% -8% 96% -5% $18,789,266
EG1 Evergreenlithium 0.195 5% 8% -25% 0% $10,402,550
MAN Mandrake Res Ltd 0.037 3% 3% 3% 0% $21,555,357
FBM Future Battery 0.075 -17% -12% -38% 2% $45,891,539
XTC Xantippe Res Ltd 0.001 0% 0% 0% 0% $17,528,005
LPM Lithium Plus 0.52 5% 1% 11% 15% $42,564,159
KOB Kobaresourceslimited 0.077 -8% -8% 1% -6% $8,855,000
EMC Everest Metals Corp 0.095 0% 8% -24% 2% $15,511,895
LRD Lordresourceslimited 0.078 -4% 13% 16% -9% $3,007,702
IEC Intra Energy Corp 0.004 33% 0% -20% 0% $4,982,345
REC Rechargemetals 0.135 0% 13% -18% 0% $15,032,516
SLM Solismineralsltd 0.2 -9% -15% -27% 13% $17,126,715
AZS Azure Minerals 4.02 1% 3% 68% 380% $1,830,131,504
DYM Dynamicmetalslimited 0.18 0% -12% -3% 0% $6,300,000
TOR Torque Met 0.16 0% -18% -53% -2% $20,947,853
SBR Sabre Resources 0.044 7% 16% 22% 1% $14,644,739
ICL Iceni Gold 0.059 0% 2% -18% -2% $14,151,571
TMX Terrain Minerals 0.004 0% -20% 0% 0% $5,413,711
MHC Manhattan Corp Ltd 0.004 0% -11% 0% 0% $11,747,919
MHK Metalhawk. 0.235 31% 0% 180% 7% $14,260,600
NKL Nickelxltd 0.058 -11% -9% -5% -2% $5,707,986
TMB Tambourahmetals 0.125 -7% -19% 0% 2% $11,196,948
ANX Anax Metals Ltd 0.029 -9% -9% -17% -2% $15,389,364
PMT Patriotbatterymetals 1.03 -5% -6% -15% 28% $426,400,986
BM8 Battery Age Minerals 0.195 -3% -3% -15% -31% $17,827,378
L1M Lightning Minerals 0.15 7% 15% 11% -2% $5,701,509
ADG Adelong Gold Limited 0.006 -14% 0% -14% 0% $4,174,256
TOR Torque Met 0.16 0% -18% -53% -2% $20,947,853
AL8 Alderan Resource Ltd 0.008 14% -38% -43% 0% $7,748,029
OZM Ozaurum Resources 0.2 54% 29% 102% 13% $20,637,500
FL1 First Lithium Ltd 0.535 -6% 41% 106% 36% $39,929,450
PLN Pioneer Lithium 0.295 4% -5% -18% 0% $8,101,125
WYX Western Yilgarn NL 0.125 14% 9% 30% -1% $5,462,325
RDN Raiden Resources Ltd 0.076 21% 95% 230% 7% $156,372,126
PFE Panteraminerals 0.062 0% 7% 5% -5% $6,638,498
GRE Greentechmetals 0.74 -4% -13% 164% 60% $49,875,466
OLY Olympio Metals Ltd 0.15 0% 11% -6% 1% $9,539,925
SUM Summitminerals 0.11 0% 10% 0% -4% $5,242,284
JBY James Bay Minerals 0.395 3% 23% 11% 0% $12,491,325
SCN Scorpion Minerals 0.053 -4% 4% -4% -2% $19,068,841
JNO Juno 0.08 0% 3% 1% -2% $12,912,240
CC9 Chariot Corporation 0.425 16% 27% 0% 0% $26,766,022
OBM Ora Banda Mining Ltd 0.18 -3% 13% 80% 10% $315,507,301
RON Roninresourcesltd 0.19 6% 52% 36% 3% $6,155,657
ASR Asra Minerals Ltd 0.014 0% 56% 75% -1% $20,386,879
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Note: Galan Lithium is a Stockhead advertiser at the time of writing, but it did not sponsor this article. 

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