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Mining
All your ASX lithium news for Wednesday, April 20.
Mexican President Andres Manuel Lopez Obrador (AMLO) introduced fast-track legislation this week aimed nationalising the country’s lithium reserves after his controversial power reforms – which also included a proposal to nationalise lithium – failed to secure the two-thirds majority needed for constitutional changes.
Essentially, the new modified law states that lithium exploration, exploitation and use will be reserved for a new state-owned entity, and halts concessions or permits for lithium projects.
It was passed by the lower house on Monday before being approved by the Senate yesterday – with AMLO stating shortly afterwards that all contracts to mine lithium in the country will need to be reviewed.
Mexico’s association of mining engineers (AIMMGM) says that changing the mining law isn’t the way forward, and that constitutional change is what’s needed – and that the move will scare away investors.
Ley Minera es totalmente innecesaria y genera incertidumbre en los inversionistas: Jaime Gutiérrez.https://t.co/lex67kaIUC
— AIMMGM Nacional (@AIMMGM_Nacional) April 19, 2022
It remains to be seen what this means for Ganfeng’s US$420m Sonora lithium project, which is expected to start production in 2H24.
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| Code | Company | Price | % Month | % Week | % Today | Market Cap |
|---|---|---|---|---|---|---|
| CRR | Critical Resources | 0.1 | 30% | 23% | 18% | $126,336,013.74 |
| TSC | Twenty Seven Co. Ltd | 0.0045 | 29% | 13% | 13% | $10,643,255.62 |
| PGD | Peregrine Gold | 0.52 | 9% | 8% | 8% | $18,377,601.12 |
| AOU | Auroch Minerals Ltd | 0.14 | 22% | 4% | 8% | $46,969,233.87 |
| ADV | Ardiden Ltd | 0.015 | 15% | 15% | 7% | $37,248,992.98 |
| WR1 | Winsome Resources | 0.535 | 26% | 16% | 7% | $67,339,997.00 |
| SHH | Shree Minerals Ltd | 0.016 | -20% | 14% | 7% | $18,333,553.38 |
| IPT | Impact Minerals | 0.016 | 33% | 23% | 7% | $32,856,923.79 |
| GT1 | Greentechnology | 1.15 | 49% | 24% | 6% | $114,480,000.00 |
| MLS | Metals Australia | 0.175 | 136% | 17% | 6% | $63,274,741.53 |
| TON | Triton Min Ltd | 0.035 | 25% | 13% | 6% | $41,011,877.84 |
| MMC | Mitremining | 0.2 | 11% | -7% | 5% | $5,146,169.00 |
| VMC | Venus Metals Cor Ltd | 0.2 | 14% | 3% | 5% | $28,704,949.77 |
| DTM | Dart Mining NL | 0.082 | 3% | 3% | 5% | $9,710,292.54 |
| ENT | Enterprise Metals | 0.021 | 50% | 0% | 5% | $12,892,937.10 |
| EUR | European Lithium Ltd | 0.11 | 0% | 0% | 5% | $145,205,931.78 |
| LRV | Larvottoresources | 0.36 | 85% | 41% | 4% | $14,216,587.50 |
| LRD | Lordresourceslimited | 0.2075 | 0% | 6% | 4% | $6,156,924.20 |
| SRZ | Stellar Resources | 0.029 | 0% | 4% | 4% | $23,444,473.53 |
| CZL | Cons Zinc Ltd | 0.03 | 7% | 3% | 3% | $10,189,376.58 |
| MM1 | Midasmineralsltd | 0.36 | 125% | 29% | 3% | $19,053,343.75 |
| RDT | Red Dirt Metals Ltd | 0.59 | 4% | 12% | 3% | $172,363,610.58 |
| EMH | European Metals Hldg | 1.29 | 17% | 1% | 2% | $177,378,975.90 |
| TEM | Tempest Minerals | 0.1125 | 411% | 13% | 2% | $43,911,909.25 |
| EFE | Eastern Resources | 0.05 | 2% | 2% | 2% | $48,727,394.92 |
| WML | Woomera Mining Ltd | 0.0255 | 50% | 2% | 2% | $17,170,826.65 |
| PSC | Prospect Res Ltd | 0.92 | 3% | 0% | 2% | $390,320,777.69 |
| 1MC | Morella Corporation | 0.0335 | 16% | 2% | 2% | $170,815,061.54 |
| INF | Infinity Lithium | 0.1675 | 8% | 12% | 2% | $68,446,857.77 |
| QXR | Qx Resources Limited | 0.077 | 45% | 7% | 1% | $63,145,536.40 |
| LPD | Lepidico Ltd | 0.0405 | 23% | 4% | 1% | $253,313,997.48 |
| DRE | Dreadnought Resources Ltd | 0.0435 | 9% | -1% | 1% | $122,063,392.69 |
| PLL | Piedmont Lithium Inc | 0.995 | 5% | 13% | 1% | $519,657,238.00 |
| VUL | Vulcan Energy | 9.17 | -9% | 3% | 1% | $1,199,286,769.90 |
| IGO | IGO Limited | 14.18 | 18% | 5% | 1% | $10,677,476,163.30 |
| AML | Aeon Metals Ltd. | 0.069 | 47% | 8% | 0% | $59,740,813.27 |
| GXY | Galaxy Resources | 0 | -100% | -100% | 0% | $2,715,139,305.12 |
| JRL | Jindalee Resources | 4.8 | 55% | 1% | 0% | $275,419,036.80 |
| TKL | Traka Resources | 0.01 | -9% | -9% | 0% | $6,887,745.61 |
| BMM | Balkanminingandmin | 0.365 | 33% | 0% | 0% | $11,953,750.00 |
| AAJ | Aruma Resources Ltd | 0.185 | 118% | 32% | 0% | $29,037,878.06 |
| FRS | Forrestaniaresources | 0.35 | 13% | 0% | 0% | $9,834,581.40 |
| IMI | Infinitymining | 0.18 | 3% | -5% | 0% | $10,350,000.00 |
| WCN | White Cliff Min Ltd | 0.031 | 15% | 3% | 0% | $20,261,704.22 |
| KGD | Kula Gold Limited | 0.052 | 21% | 4% | 0% | $11,189,132.86 |
| MTM | Mtmongerresources | 0.195 | 34% | -5% | 0% | $6,758,706.44 |
| AZI | Altamin Limited | 0.092 | 42% | 6% | 0% | $35,776,219.58 |
| AVW | Avira Resources Ltd | 0.006 | 9% | 0% | 0% | $12,712,740.00 |
| RMX | Red Mount Min Ltd | 0.009 | 6% | -5% | 0% | $14,781,274.72 |
| MRR | Minrex Resources Ltd | 0.074 | 30% | 6% | 0% | $66,648,173.48 |
| LSR | Lodestar Minerals | 0.016 | 45% | 14% | 0% | $27,814,997.57 |
| AOA | Ausmon Resorces | 0.011 | 38% | 10% | 0% | $9,430,182.77 |
| SRI | Sipa Resources Ltd | 0.049 | -4% | -8% | 0% | $10,046,215.35 |
| RAS | Ragusa Minerals Ltd | 0.09 | 27% | -3% | 0% | $11,309,204.70 |
| THR | Thor Mining PLC | 0.016 | 14% | 0% | 0% | $16,222,261.30 |
| M2R | Miramar | 0.18 | 3% | 3% | 0% | $8,966,703.60 |
| AVZ | AVZ Minerals Ltd | 1.19 | 30% | 16% | 0% | $4,216,832,048.86 |
| MIN | Mineral Resources. | 61.4 | 33% | 4% | 0% | $11,666,150,123.22 |
| WMC | Wiluna Mining Corp | 0.915 | -3% | 3% | -1% | $194,409,749.40 |
| LTR | Liontown Resources | 1.6725 | 1% | 5% | -1% | $3,704,860,584.62 |
| KZR | Kalamazoo Resources | 0.45 | 50% | 22% | -1% | $66,063,440.17 |
| LPI | Lithium Pwr Int Ltd | 0.86 | 25% | 10% | -1% | $303,756,017.76 |
| SCN | Scorpion Minerals | 0.083 | 22% | 24% | -1% | $22,638,520.13 |
| LEL | Lithenergy | 1.015 | 12% | 6% | -1% | $46,350,000.00 |
| G88 | Golden Mile Res Ltd | 0.063 | 0% | 0% | -2% | $12,846,887.30 |
| KAI | Kairos Minerals Ltd | 0.0295 | 13% | 2% | -2% | $58,862,804.73 |
| PAM | Pan Asia Metals | 0.58 | 12% | 12% | -2% | $43,458,599.96 |
| AKE | Allkem Limited | 13.27 | 34% | 4% | -2% | $8,608,384,161.00 |
| INR | Ioneer Ltd | 0.7125 | 36% | 5% | -2% | $1,515,647,589.28 |
| BYH | Bryah Resources Ltd | 0.057 | 14% | 6% | -2% | $13,120,016.15 |
| NWM | Norwest Minerals | 0.056 | -10% | -7% | -2% | $10,294,621.06 |
| CXO | Core Lithium | 1.47 | 31% | 21% | -2% | $2,575,172,890.50 |
| PLS | Pilbara Min Ltd | 2.845 | 2% | -2% | -2% | $8,662,587,501.63 |
| RIO | Rio Tinto Limited | 118.85 | 8% | 1% | -2% | $45,162,164,595.24 |
| EMS | Eastern Metals | 0.195 | 3% | 3% | -3% | $7,120,000.00 |
| EPM | Eclipse Metals | 0.037 | 37% | 3% | -3% | $73,002,803.69 |
| GL1 | Globallith | 2.21 | 10% | -5% | -3% | $358,244,076.98 |
| WC8 | Wildcat Resources | 0.035 | 25% | 0% | -3% | $23,229,818.17 |
| RLC | Reedy Lagoon Corp. | 0.034 | 26% | 6% | -3% | $19,192,503.05 |
| A8G | Australasian Metals | 0.495 | 2% | 2% | -3% | $20,486,951.94 |
| LKE | Lake Resources | 2.22 | 43% | 21% | -3% | $2,937,272,812.07 |
| MNS | Magnis Energy Tech | 0.475 | 0% | 6% | -3% | $473,234,811.21 |
| ARN | Aldoro Resources | 0.3 | -12% | 11% | -3% | $27,904,212.59 |
| CHR | Charger Metals | 0.735 | 5% | 1% | -3% | $24,748,919.68 |
| ZNC | Zenith Minerals Ltd | 0.435 | 32% | 6% | -3% | $154,756,869.75 |
| AGY | Argosy Minerals Ltd | 0.4925 | 26% | 7% | -3% | $690,549,248.34 |
| ASN | Anson Resources Ltd | 0.14 | 22% | -3% | -3% | $148,110,475.48 |
| GLN | Galan Lithium Ltd | 1.96 | 31% | 0% | -3% | $617,906,344.86 |
| NMT | Neometals Ltd | 1.8 | 7% | 7% | -3% | $1,022,721,978.54 |
| ESS | Essential Metals Ltd | 0.685 | 57% | 40% | -4% | $173,483,785.60 |
| AM7 | Arcadia Minerals | 0.265 | 18% | 4% | -4% | $9,622,937.50 |
| FFX | Firefinch Ltd | 1.1175 | 35% | 6% | -4% | $1,370,242,136.36 |
| RGL | Riversgold | 0.077 | 130% | 7% | -4% | $42,120,333.84 |
| MQR | Marquee Resource Ltd | 0.125 | 19% | 14% | -4% | $35,482,296.98 |
| BNR | Bulletin Res Ltd | 0.235 | 62% | 15% | -4% | $71,071,066.08 |
| PNN | PepinNini Minerals | 0.92 | 111% | 33% | -4% | $58,786,861.44 |
| VKA | Viking Mines Ltd | 0.0115 | 15% | 5% | -4% | $12,303,101.17 |
| CAI | Calidus Resources | 1.03 | 11% | 6% | -4% | $432,469,283.60 |
| LIT | Lithium Australia NL | 0.105 | 0% | 0% | -5% | $113,823,734.64 |
| FG1 | Flynngold | 0.1575 | 13% | -7% | -5% | $10,570,073.25 |
| RAG | Ragnar Metals Ltd | 0.042 | 35% | -21% | -5% | $16,398,135.12 |
| EVR | Ev Resources Ltd | 0.062 | 22% | 0% | -5% | $60,188,964.62 |
| STM | Sunstone Metals Ltd | 0.075 | -10% | 7% | -5% | $176,922,157.34 |
| AZL | Arizona Lithium Ltd | 0.185 | 19% | 12% | -5% | $433,266,441.47 |
| QPM | Queensland Pacific | 0.18 | 24% | -3% | -5% | $293,191,494.89 |
| TMB | Tambourahmetals | 0.26 | 18% | 4% | -5% | $11,327,964.45 |
| GSM | Golden State Mining | 0.08 | 7% | -12% | -6% | $8,824,245.42 |
| LRS | Latin Resources Ltd | 0.1825 | 220% | -1% | -6% | $328,111,776.14 |
| MMG | Monger Gold Ltd | 0.29 | 32% | 5% | -6% | $7,750,000.00 |
| SYA | Sayona Mining Ltd | 0.355 | 115% | 16% | -7% | $2,723,854,533.86 |
| XTC | Xantippe Res Ltd | 0.014 | 115% | 8% | -7% | $114,903,061.82 |
| NVA | Nova Minerals Ltd | 0.775 | 11% | -7% | -7% | $150,468,907.98 |
| MXR | Maximus Resources | 0.077 | 22% | 3% | -7% | $26,386,178.74 |
| AS2 | Askarimetalslimited | 0.715 | 63% | 2% | -8% | $30,082,619.33 |
| AX8 | Accelerate Resources | 0.054 | 6% | -18% | -13% | $15,714,451.74 |
A total of 35 stocks were in the green today, with 23 flatlining and 57 in the red.
Auroch has announced a strategic acquisition of a new lithium project within 340km of Tesla’s Reno Gigafactory.
The company has inked a deal to acquire an 80% interest in the Nevada Lithium project near the historic silver mining town of Tonopah and includes 65km2 of ground across the Traction, San Antone, Heller and Lone Mountain prospect areas – which are considered highly prospective for large sedimentary-hosted lithium deposits.
Notably, Nevada hosts some of the world’s largest deposits of sedimentary lithium, including Ioneer’s (ASX:INR)Rhyolite Ridge, American Lithium’s TLC project and global lithium giant Albemarle’s Silver Peak mine 45km to the west, which is the only producing lithium operation in North America.
Auroch says the project has seen shockingly brief lithium exploration despite covering the same lacustrine sedimentary formation that hosts other large lithium deposits in the region like TLC.
“We are very excited by the potential of the NLP to host significant lithium mineralisation in a stable pro-mining jurisdiction in Nevada, USA,” MD Aidan Platel said.
“The project areas cover the same geological formations that host very large lithium deposits in the region, including the TLC Lithium Project nearby.
“The acquisition adds to and supplements the company’s increasing focus on battery metals and represents a tremendous opportunity to enhance value for Auroch shareholders.
“We look forward to completing the acquisition and initiating exploration as soon as possible.”
Lithium Australia has completed its final 10% acquisition of interest in Envirostream and now owns 100% of the asset – which it says is timely since Envirostream’s battery collection rate has risen since the inception of the Battery Stewardship Scheme (BSS) in early 2022.
“As Australia’s only EPA-permitted and licensed recycler of mixed batteries, including lithium-ion batteries, Envirostream is well-placed to keep spent batteries out of landfill while providing as much sustainable feed material as possible for the manufacture of new lithium-ion batteries,” MD Adrian Griffin said.
“This is particularly important in the current climate of supply shortages and surging prices for battery minerals.
“To meet surging demand, Envirostream is also planning to expand its activities into key population centres on Australia’s east coast, as well as offshore.”
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