• Umicore wants to produce one million EVs by the end of the decade at a new battery plant in Canada
  • Construction will kick off in 2023 as negotiations with potential customers for production contracts in North America gets underway
  • 1MC wraps up first year expenditure requirement for the Fisk Lake Valley Lithium Project

 

Umicore and the Government of Canada announced plans to construct a manufacturing facility that could begin producing battery cathode precursor materials and cathode active battery materials by the end of 2025, a move that will complete the missing link in Canada’s battery value chain.

With a target to start construction in 2023, Umicore is hoping the facility reaches an annual production capacity capable of powering roughly one million EVs by the end of this decade.

 

This comes hot on the heels of an announcement made by the Belgian-based circular materials tech company only two weeks ago of its plans to build a $525m battery recycling facility in Europe that would be ’15 times’ the size of its current facilities.

For Umicore, this latest investment represents the final step in establishing a truly global production presence with battery material value chains that are regionally and fully integrated to support its customers in their fast transformation towards sustainable electric mobility.

The company is also in negotiations with several potential customers for production contracts in North America, which will form the basis for Umicore’s investment decision.

“Once the key customer contracts are in place, this expansion in North America would complete our global rollout of regional supply chains for our automotive and battery cell customers to now three continents,”, CEO of Umicore Mathias Miedreich says.

 

Here’s how ASX lithium stocks are tracking today:

Lithium stocks missing from our list? Shoot a friendly mail to [email protected]

CODE COMPANY PRICE % TODAY % WEEK % MONTH MARKET CAP
RMX Red Mount Min Ltd 0.007 17% 17% 0% $9,854,183.15
AM7 Arcadia Minerals 0.16 14% 10% -16% $6,537,704.88
IPT Impact Minerals 0.008 14% 0% -11% $17,369,593.89
THR Thor Mining PLC 0.01 11% 0% 0% $9,620,108.76
FG1 Flynngold 0.11 10% -15% -8% $6,406,105.00
OCN Oceanalithiumlimited 0.4 10% 10% 0% $12,236,625.00
ADV Ardiden Ltd 0.0065 8% -7% -28% $16,010,012.14
WCN White Cliff Min Ltd 0.013 8% 8% -13% $7,843,240.34
EMH European Metals Hldg 0.675 7% 2% -10% $75,513,605.58
GSM Golden State Mining 0.045 7% 13% 0% $4,889,695.40
XTC Xantippe Res Ltd 0.0075 7% 7% -6% $55,728,039.95
AUN Aurumin 0.15 7% 25% 11% $15,291,255.28
SRZ Stellar Resources 0.016 7% 7% -6% $12,589,539.39
LNR Lanthanein Resources 0.016 7% -6% -6% $12,567,383.55
1MC Morella Corporation 0.018 6% 0% 6% $87,995,637.76
ZEO Zeotech Limited 0.045 5% -4% -17% $65,571,365.21
AAJ Aruma Resources Ltd 0.062 3% -2% -11% $9,417,690.18
LLL Leolithiumlimited 0.395 3% -14% 0% $379,862,911.12
BNR Bulletin Res Ltd 0.1125 2% -2% -13% $32,185,021.00
DAF Discovery Alaska Ltd 0.045 2% 2% -6% $9,866,326.71
LIS Lisenergylimited 0.595 2% 9% 28% $97,059,799.40
GT1 Greentechnology 0.635 1% 27% -18% $116,089,875.09
NVA Nova Minerals Ltd 0.71 1% 1% 25% $127,042,610.93
WES Wesfarmers Limited 45.77 1% 2% 9% $51,601,069,413.42
GLN Galan Lithium Ltd 0.98 1% -2% -15% $296,789,377.95
PSC Prospect Res Ltd 0.9875 0% 1% 3% $455,325,570.07
ASN Anson Resources Ltd 0.115 0% 10% 0% $118,209,918.53
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203.44
EUR European Lithium Ltd 0.067 0% 10% 6% $92,760,924.67
INF Infinity Lithium 0.11 0% 5% -8% $45,651,437.26
JRL Jindalee Resources 2.6 0% -9% -7% $149,185,311.60
LIT Lithium Australia 0.07 0% 3% -3% $72,478,652.75
LPD Lepidico Ltd 0.027 0% 4% 4% $175,693,631.39
RLC Reedy Lagoon Corp. 0.017 0% -6% 6% $9,476,257.50
TKL Traka Resources 0.005 0% -17% -38% $3,443,872.81
BMM Balkanminingandmin 0.19 0% 9% 3% $6,222,500.00
ARN Aldoro Resources 0.14 0% -7% -13% $13,921,224.38
CHR Charger Metals 0.44 0% 16% 0% $14,335,655.40
AX8 Accelerate Resources 0.029 0% 7% -6% $7,843,308.07
BYH Bryah Resources Ltd 0.028 0% -3% -15% $6,333,800.90
EMS Eastern Metals 0.15 0% 15% 25% $5,340,000.00
FRS Forrestaniaresources 0.135 0% -10% -7% $4,196,651.04
IMI Infinitymining 0.135 0% -4% 4% $7,762,500.00
MMC Mitremining 0.125 0% -4% 4% $3,385,637.50
RAG Ragnar Metals Ltd 0.039 0% 0% -5% $14,788,210.67
SHH Shree Minerals Ltd 0.008 0% 0% 14% $9,907,895.14
TSC Twenty Seven Co. Ltd 0.003 0% 20% 0% $7,982,441.72
AZL Arizona Lithium Ltd 0.085 0% -1% -15% $189,847,244.15
PNN Power Minerals Ltd 0.41 0% -1% -4% $25,221,914.65
MTM Mtmongerresources 0.12 0% 0% 9% $4,501,203.96
QXR Qx Resources Limited 0.027 0% -10% -10% $23,202,782.67
AZI Altamin Limited 0.095 0% -1% -2% $37,213,091.44
KAI Kairos Minerals Ltd 0.023 0% 10% 10% $45,128,150.29
STM Sunstone Metals Ltd 0.042 0% -7% -13% $109,050,749.60
AVW Avira Resources Ltd 0.003 0% 0% -25% $6,356,370.00
MRR Minrex Resources Ltd 0.032 0% -3% -11% $33,924,702.75
A8G Australasian Metals 0.2 0% -2% -9% $8,234,098.80
LSR Lodestar Minerals 0.006 0% -14% 0% $10,430,624.09
AOA Ausmon Resorces 0.006 0% 20% 0% $5,143,736.06
VKA Viking Mines Ltd 0.007 0% 0% 0% $7,176,809.02
SRI Sipa Resources Ltd 0.04 0% 11% 14% $8,200,992.12
RGL Riversgold 0.027 0% -7% -18% $20,422,151.97
ZNC Zenith Minerals Ltd 0.26 0% 4% -19% $89,638,192.54
G88 Golden Mile Res Ltd 0.028 0% -7% -35% $5,704,513.19
EPM Eclipse Metals 0.02 0% 0% -17% $38,422,528.26
EVR Ev Resources Ltd 0.027 0% -4% 0% $25,001,569.92
WC8 Wildcat Resources 0.025 0% 0% -11% $16,131,818.18
MNS Magnis Energy Tech 0.285 0% -5% -10% $275,448,318.77
MXR Maximus Resources 0.046 0% -2% -6% $14,623,665.33
MM1 Midasmineralsltd 0.175 0% -13% -20% $9,998,058.70
M2R Miramar 0.09 0% -2% -2% $5,776,799.67
MMG Monger Gold Ltd 0.215 0% 0% -14% $8,608,600.00
ALY Alchemy Resource Ltd 0.015 0% 0% -6% $14,296,110.86
KTA Krakatoa Resources 0.047 0% -2% -11% $16,201,366.10
TYX Tyranna Res Ltd 0.02 0% 11% 54% $30,647,213.34
FTL Firetail Resources 0.2 0% -11% -38% $12,356,500.00
DAL Dalaroometalsltd 0.1 0% -5% 11% $2,987,500.00
TKM Trek Metals Ltd 0.055 0% -4% -23% $17,083,558.25
CY5 Cygnus Gold Limited 0.145 0% -3% -15% $17,107,870.68
CXO Core Lithium 0.895 -1% -6% -26% $1,559,894,144.40
LKE Lake Resources 0.6 -1% -14% -62% $840,774,493.13
VUL Vulcan Energy 5.79 -1% 6% 0% $837,078,157.84
LPI Lithium Pwr Int Ltd 0.395 -1% -7% 3% $139,657,939.20
LEL Lithenergy 0.67 -1% -4% -20% $30,702,000.00
AOU Auroch Minerals Ltd 0.059 -2% -8% -19% $22,167,107.94
AKE Allkem Limited 9.72 -2% -2% -5% $6,312,815,051.40
TUL Tulla Resources 0.52 -2% -5% -2% $84,914,942.16
QPM Queensland Pacific 0.1275 -2% -2% 6% $203,269,707.03
EFE Eastern Resources 0.0255 -2% -2% 2% $25,855,352.41
NMT Neometals Ltd 0.93 -2% -6% -7% $520,957,576.20
MLS Metals Australia 0.045 -2% -6% -13% $26,129,664.79
INR Ioneer Ltd 0.44 -2% -1% 16% $943,711,560.00
AS2 Askarimetalslimited 0.22 -2% -8% -21% $9,358,710.75
PLS Pilbara Min Ltd 2.395 -2% 9% 11% $7,293,278,540.80
RIO Rio Tinto Limited 93.74 -2% -4% -16% $35,640,468,706.14
LRD Lordresourceslimited 0.2 -2% -2% 0% $6,515,847.31
LRV Larvottoresources 0.19 -3% -12% -12% $8,098,837.50
WMC Wiluna Mining Corp 0.19 -3% -14% -61% $70,616,663.33
LTR Liontown Resources 0.945 -3% -1% -10% $2,126,458,442.06
PAM Pan Asia Metals 0.375 -3% 0% -14% $28,459,293.17
ESS Essential Metals Ltd 0.355 -3% -4% -9% $89,967,910.13
SCN Scorpion Minerals 0.068 -3% -3% -13% $23,228,183.44
AGY Argosy Minerals Ltd 0.32 -3% 0% -12% $447,496,825.71
VMC Venus Metals Cor Ltd 0.16 -3% 0% 0% $26,412,982.70
DRE Dreadnought Resources Ltd 0.0475 -3% 3% 28% $139,095,494.00
KGD Kula Gold Limited 0.03 -3% 11% 20% $6,670,444.59
GL1 Globallith 1.04 -3% -8% -21% $170,600,625.20
TMB Tambourahmetals 0.145 -3% 0% -19% $6,178,889.70
SYA Sayona Mining Ltd 0.135 -4% -7% -4% $1,154,545,373.80
NWM Norwest Minerals 0.027 -4% -4% -13% $5,057,006.84
IR1 Irismetals 0.245 -4% -6% -13% $15,204,375.00
KZR Kalamazoo Resources 0.23 -4% 15% -8% $34,846,649.76
TEM Tempest Minerals 0.045 -4% -49% 18% $23,724,010.27
GW1 Greenwing Resources 0.225 -4% 0% 2% $28,963,127.02
LRS Latin Resources Ltd 0.067 -4% -3% 2% $135,104,461.66
PLL Piedmont Lithium Inc 0.4875 -4% -5% -31% $269,061,108.00
MQR Marquee Resource Ltd 0.063 -5% -9% -13% $20,830,760.28
DTM Dart Mining NL 0.062 -5% 17% 3% $8,791,910.40
PGD Peregrine Gold 0.4 -5% 11% 5% $16,080,400.98
CRR Critical Resources 0.036 -5% -14% -33% $56,544,579.08
WR1 Winsome Resources 0.18 -5% -10% -25% $25,671,658.86
RDT Red Dirt Metals Ltd 0.335 -6% -12% -17% $108,116,821.23
TON Triton Min Ltd 0.015 -6% -12% -44% $20,140,546.83
MIN Mineral Resources. 43.95 -6% -2% -21% $8,884,799,080.51
CAI Calidus Resources 0.62 -7% -2% -4% $271,008,087.07
AML Aeon Metals Ltd. 0.027 -7% 0% 4% $28,742,808.37
IGO IGO Limited 9.24 -7% -4% -16% $7,534,814,739.35
RAS Ragusa Minerals Ltd 0.078 -9% -5% -21% $10,813,309.42
ENT Enterprise Metals 0.0095 -10% -5% -21% $6,768,791.98
CZL Cons Zinc Ltd 0.018 -10% -10% -10% $7,267,156.26
WML Woomera Mining Ltd 0.015 -12% -17% -17% $11,676,162.12

A bit of a sad day for lithium miners – only 25 stocks finished in the green, 54 flatlined and 52 ended the day in the red.

 

Who’s got news out?

MORELLA CORPORATION (ASX:1MC) 

1MC has met its first year expenditure requirement for the Fisk Lake Valley Lithium Project earn-in-option agreement with Lithium Corporation (LTUM).

Under the terms of the agreement, Morella was required to undertake exploration and development work to a total value of USD$200,000 by no later than August 17,  2022.

Morella notified LTUM that it had met its first-year expenditure requirement on July 13.

1MC’s expenditure was focussed on field-based geophysical surveys and data analysis, leading to the identification of multiple drilling targets following a passive seismic survey and magnetotelluric survey in the southern section of Fish Lake Valley Project area back in April.

 

AVZ MINERALS (ASX:AVZ) 

AVZ updated the market with respect to the trading halt and subsequent voluntary suspension that has resulted in its securities being suspended from trading since May 10.

This has happened whilst the company awaits the grant of the Permit d’Exploitation and an update regarding its exploration rights for its flagship Manono Lithium and Tin Project in the south of the Democratic Republic of Congo (DRC) in central Africa.

AVZ said it “regrets that the voluntary suspension period has lasted longer than was intended”.

During this period, it has been actively engaged with the highest levels of the Government with respect to the grant of the Mining Licence and an update regarding its exploration rights for the Manono Project.

Whilst the company remains confident of a positive outcome, it will be necessary to continue the period of voluntary suspension as the subject of the initial trading halt request remains incomplete.

AVZ has requested a further extension to the voluntary suspension from the ASX until the commencement of trade on July 29, 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

 

CRITICAL RESOURCES (ASX:CRR) 

By mutual agreement, the company says Alex Biggs has left his position as managing director and CEO effective immediately.

“As a board, we thank Alex for his contribution – we will continue advancing the company’s projects and create value for our shareholders.”