Eye on Lithium: Sayona sells first spodumene, WA signs critical minerals research deal with battery giant Korea
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All your lithium news, Thursday March 16.
Western Australia’s McGowan Government signed an MoU with the Korea Institute of Geoscience and Mineral Resources on Wednesday to support research and development across the entire mining value chain with a particular focus on critical minerals.
While in the Republic of Korea, Mines and Petroleum Minister Bill Johnston witnessed the signing of the agreement as part of a McGowan Government mission to promote WA’s capabilities.
Another string added to the bow in the relationship between Western Australia and South Korea, with the signing of a research and development MoU to enhance the State’s chemical battery industry.
I was pleased to be at the ceremony in Seoul to see the Min…https://t.co/Tcclh73u1s
— Bill Johnston (@BillJohnstonMLA) March 15, 2023
KIGAM is a government-funded geoscience research organisation at the forefront of leading innovation in geoscience and technology solutions to respond to current global issues such as climate change.
“Transformational change is needed in how we find commodities, extract and process them, and convert them for use in manufacturing processes to support the global efforts in decarbonisation,” Mines and Petroleum Minister Bill Johnston said.
“This cooperation is an important step in developing a strong battery chemical industry in Western Australia, in partnership with the Korean industry.”
A total of 24 companies finished in the green, 43 fell flat, and 70 tumbled into the red zone.
Sayona has reached a new milestone with the first saleable spodumene concentrate at its North American Lithium operation in Quebec, Canada.
Commissioning activities continue to progress, with roughly 1,200t of lithium concentrate produced, including SC6 (6% lithium grade).
Engineering is now progressing on the next sub-project, the crushed ore storage dome, with close expediting of engineering deliverables implemented.
Patriot will raise C$50m via private placement at an issue price of C$22.57 per share.
The issue price represents a 90% premium to the last closing price of Patriot shares on TSX-V on Monday, 13 March 2023.
PMT president and CEO Blair Way says the Corvette Property is shaping up as an extraordinary discovery and the strong support shown for this capital raising is a testament to that.
“We are now fully funded to undertake an expanded exploration, environmental and pre-feasibility study programs well into 2024 and continue to deliver our business plan without the fear of uncertain market conditions facing the world currently.
Tambourah has entered a collaboration partnership with Australia’s national science agency, CSIRO, to apply machine learning using their hyperspectral dataset to define first pass exploration targets across the Russian Jack Lithium project.
The collaboration will be undertaken under the CSIRO Kick-Start program.
Tambourah says it has previously used hyperspectral data to identify significant swarms of possible L-C-T pegmatites at Russian Jack.
The pegmatite swarms cover an area of roughly 320km2 with some areas of terrain that is difficult to access.