Eye on Lithium: US, Canada, and Co. team up to secure critical minerals

US kicks off Minerals Security Partnership with Canada and a bunch of other countries
Reedy Lagoon stakes another 192 placer claims at its Alvord project in Oregon
Assays from Critical Resources’ Canadian project have returned 7.66m at 1.5% Li2O

All your ASX lithium news for Thursday, June 16.

The US, Canada and a bunch of other countries – including Australia, Canada, Finland, France, Germany, Japan, the Republic of Korea, Sweden, the United Kingdom, the United States, and the European Commission – have established a new partnership to bolster critical mineral supply chains.

The Minerals Security Partnership (MSP) aims to “ensure that critical minerals are produced, processed, and recycled in a manner that supports the ability of countries to realize the full economic development benefit of their geological endowments,” the US State Department says.

Demand for critical minerals – like nickel lithium and cobalt – which are essential for clean energy is projected to expand significantly in the coming decades.

The idea is that the MSP will help catalyse investment from governments and the private sector for strategic opportunities across the full value chain.

We will need a lot more than 6X #lithium by 2050. Announcements about action keep coming. Action – not so much. You get what you invest in. https://t.co/tzmvJfDYlW

— Joe Lowry (@globallithium) June 15, 2022

Six times more lithium needed by 2050

Massive amounts of these minerals will be needed to meet US emissions reduction goals, State Department under-secretary for economic growth, energy and the environment Jose Fernandez told Reuters.

“You will need six times more lithium by 2050 than you use today in order to meet the clean energy goals,” Fernandez said.

“[Canada] is an important supplier of critical minerals,” he added.

Speaking from the annual Prospectors & Developers Association of Canada conference, Canada’s natural resources minister Jonathan Wilkinson said critical minerals are “a generational economic opportunity for Canada if we get it right.”

He also noted that Canada has large deposits of nickel and cobalt, while the United States does not.

Here’s how ASX lithium stocks were tracking today:

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Code	Company	Price	% Month	% Week	% Today	Market Cap
BYH	Bryah Resources Ltd	0.04	-13%	0%	29%	$7,012,422.43
RLC	Reedy Lagoon Corp.	0.018	-28%	-14%	29%	$7,803,976.77
TYX	Tyranna Res Ltd	0.017	183%	6%	21%	$21,453,049.34
MRR	Minrex Resources Ltd	0.04	-25%	-2%	21%	$33,287,611.80
BNR	Bulletin Res Ltd	0.145	-12%	-12%	21%	$34,810,932.00
1MC	Morella Corporation	0.018	-31%	-10%	20%	$77,643,209.79
WCN	White Cliff Min Ltd	0.018	-18%	6%	20%	$9,804,050.43
RMX	Red Mount Min Ltd	0.006	-25%	-20%	20%	$8,211,819.29
AOA	Ausmon Resorces	0.006	-25%	-14%	20%	$4,286,446.72
LRV	Larvotto Resources	0.255	-22%	-7%	19%	$8,929,487.50
PAM	Pan Asia Metals	0.52	17%	-2%	17%	$32,778,096.58
VKA	Viking Mines Ltd	0.007	-22%	0%	17%	$6,151,550.59
LRS	Latin Resources Ltd	0.0705	-36%	-14%	16%	$117,727,788.02
SHH	Shree Minerals Ltd	0.008	-20%	-11%	14%	$8,555,658.24
INR	Ioneer Ltd	0.405	-16%	-14%	14%	$742,411,294.10
LPI	Lithium Pwr Int Ltd	0.41	-29%	-12%	14%	$125,692,145.28
NWM	Norwest Minerals	0.034	-26%	-15%	13%	$5,418,221.61
IMI	Infinitymining	0.13	-19%	-21%	13%	$6,612,500.00
LNR	Lanthanein Resources	0.018	-31%	0%	13%	$13,405,209.12
WML	Woomera Mining Ltd	0.02	11%	-9%	11%	$12,362,995.19
AZL	Arizona Lithium Ltd	0.1	-29%	-17%	11%	$200,944,729.08
SRZ	Stellar Resources	0.02	-5%	5%	11%	$15,107,447.27
LKE	Lake Resources	1.685	20%	16%	11%	$2,046,626,736.16
DRE	Dreadnought Resources Ltd	0.041	8%	8%	11%	$105,031,291.39
MLS	Metals Australia	0.053	-38%	-22%	10%	$24,822,932.40
TMB	Tambourahmetals	0.165	-21%	-15%	10%	$6,178,889.70
RAS	Ragusa Minerals Ltd	0.1	33%	3%	10%	$11,441,990.20
NMT	Neometals Ltd	1.015	-28%	-13%	10%	$507,248,166.30
ZNC	Zenith Minerals Ltd	0.34	-8%	-8%	10%	$106,610,288.05
EPM	Eclipse Metals	0.023	-12%	-8%	10%	$40,343,654.67
TON	Triton Min Ltd	0.024	-4%	-11%	9%	$27,693,251.89
PNN	PepinNini Minerals	0.43	-25%	-14%	9%	$24,293,880.92
GL1	Global Lithium	1.3	-18%	-14%	9%	$189,644,415.92
ESS	Essential Metals Ltd	0.39	-22%	-16%	8%	$88,721,904.96
NVA	Nova Minerals Ltd	0.605	-4%	4%	8%	$100,913,279.60
CHR	Charger Metals	0.42	-26%	-9%	8%	$12,706,603.65
FRS	Forrestaniaresources	0.145	-46%	-6%	7%	$3,793,338.54
CXO	Core Lithium	1.235	8%	-2%	7%	$1,992,206,092.60
AGY	Argosy Minerals Ltd	0.365	0%	-13%	7%	$461,032,715.16
ARN	Aldoro Resources	0.155	-33%	-24%	7%	$14,385,970.41
QPM	Queensland Pacific	0.1175	-19%	-10%	7%	$171,997,444.41
QXR	Qx Resources Limited	0.032	-40%	-16%	7%	$25,780,869.63
MMG	Monger Gold Ltd	0.24	-19%	-20%	7%	$9,009,000.00
FTL	Firetail Resources	0.32	2%	-11%	7%	$18,534,750.00
EMH	European Metals Hldg	0.735	-26%	-17%	7%	$97,136,105.85
KZR	Kalamazoo Resources	0.245	-26%	-21%	7%	$33,394,706.02
EFE	Eastern Resources	0.0265	-24%	-5%	6%	$24,860,915.78
PLL	Piedmont Lithium Inc	0.715	4%	-11%	6%	$356,110,290.00
ALY	Alchemy Resource Ltd	0.018	-10%	-14%	6%	$16,202,258.97
LIS	Lisenergylimited	0.45	-21%	-10%	6%	$70,513,529.48
GT1	Greentechnology	0.75	-5%	-17%	6%	$112,060,720.00
PLS	Pilbara Min Ltd	2.165	-12%	-11%	6%	$6,102,539,187.20
FFX	Firefinch Ltd	0.2375	-72%	-18%	6%	$265,779,724.73
LEL	Lithenergy	0.86	-23%	-15%	6%	$36,797,250.00
LTR	Liontown Resources	1.07	-12%	-10%	5%	$2,225,108,575.97
TEM	Tempest Minerals	0.04	-38%	-18%	5%	$19,181,114.69
A8G	Australasian Metals	0.21	-41%	-38%	5%	$8,234,098.80
MNS	Magnis Energy Tech	0.315	-21%	-11%	5%	$289,945,598.70
CZL	Cons Zinc Ltd	0.021	5%	0%	5%	$7,267,156.26
STM	Sunstone Metals Ltd	0.044	-23%	-14%	5%	$108,126,749.56
CAI	Calidus Resources	0.675	-21%	-14%	5%	$260,079,259.41
ASN	Anson Resources Ltd	0.115	5%	-15%	5%	$113,070,356.85
MQR	Marquee Resource Ltd	0.071	-22%	-24%	4%	$21,212,496.98
MXR	Maximus Resources	0.05	-32%	-21%	4%	$15,259,476.86
INF	Infinity Lithium	0.13	-7%	-10%	4%	$51,876,633.25
LPD	Lepidico Ltd	0.026	0%	-10%	4%	$162,679,288.33
IGO	IGO Limited	11.135	6%	-8%	4%	$8,110,338,277.23
SYA	Sayona Mining Ltd	0.135	-44%	-13%	4%	$1,071,522,420.28
EMS	Eastern Metals	0.135	-13%	-23%	4%	$4,628,000.00
VUL	Vulcan Energy	5.85	-18%	-15%	4%	$742,478,307.60
EVR	Ev Resources Ltd	0.028	-22%	-20%	4%	$25,001,569.92
WC8	Wildcat Resources	0.031	3%	-9%	3%	$19,358,181.81
GLN	Galan Lithium Ltd	1.125	-18%	-12%	3%	$331,795,304.58
JRL	Jindalee Resources	2.95	-15%	-12%	3%	$164,103,842.76
LIT	Lithium Australia	0.07	-19%	-14%	3%	$70,407,558.43
AKE	Allkem Limited	10.415	-6%	-10%	3%	$6,459,476,411.18
LRD	Lordresourceslimited	0.19	-27%	-19%	3%	$5,695,154.89
MM1	Midasmineralsltd	0.2	-26%	-25%	3%	$10,615,434.38
RAG	Ragnar Metals Ltd	0.041	11%	-5%	3%	$15,167,395.56
WR1	Winsome Resources	0.23	-43%	-32%	2%	$30,400,648.65
EUR	European Lithium Ltd	0.057	-28%	-16%	2%	$77,443,163.62
RIO	Rio Tinto Limited	112.3	6%	-6%	1%	$41,190,151,105.44
AZI	Altamin Limited	0.096	-3%	1%	1%	$37,213,091.44
DAL	Dalaroometalsltd	0.096	-23%	7%	1%	$2,838,125.00
MIN	Mineral Resources.	54.09	0%	-11%	1%	$10,129,835,835.18
M2R	Miramar	0.1	-17%	-5%	1%	$6,354,479.64
PSC	Prospect Res Ltd	0.95	0%	-2%	1%	$421,154,926.61
ADV	Ardiden Ltd	0.008	-33%	-20%	0%	$21,346,682.85
AML	Aeon Metals Ltd.	0.023	-39%	-13%	0%	$22,796,020.43
AVZ	AVZ Minerals Ltd	0.78	0%	0%	0%	$2,752,409,203.44
TKL	Traka Resources	0.008	-11%	-6%	0%	$5,510,196.49
BMM	Balkanminingandmin	0.19	-42%	-21%	0%	$6,222,500.00
AAJ	Aruma Resources Ltd	0.07	-9%	3%	0%	$10,987,305.21
AS2	Askarimetalslimited	0.265	-45%	-28%	0%	$11,022,481.55
DTM	Dart Mining NL	0.058	-12%	-17%	0%	$7,845,089.28
FG1	Flynngold	0.11	-19%	-15%	0%	$7,046,715.50
MMC	Mitremining	0.12	-17%	-8%	0%	$3,250,212.00
TSC	Twenty Seven Co. Ltd	0.003	-25%	0%	0%	$7,982,441.72
SCN	Scorpion Minerals	0.072	-17%	-10%	0%	$23,891,845.82
ENT	Enterprise Metals	0.012	-14%	-14%	0%	$7,735,762.26
KAI	Kairos Minerals Ltd	0.02	-26%	-17%	0%	$39,241,869.82
PGD	Peregrine Gold	0.38	-14%	-13%	0%	$14,548,934.22
AVW	Avira Resources Ltd	0.004	-20%	0%	0%	$8,475,160.00
RDT	Red Dirt Metals Ltd	0.385	-11%	-15%	0%	$117,253,454.01
LSR	Lodestar Minerals	0.006	-40%	-25%	0%	$10,430,624.09
IPT	Impact Minerals	0.008	-24%	-11%	0%	$19,850,964.45
VMC	Venus Metals Cor Ltd	0.15	-17%	-19%	0%	$22,661,802.45
RGL	Riversgold	0.03	-25%	-14%	0%	$22,691,279.97
THR	Thor Mining PLC	0.01	-17%	-23%	0%	$10,673,009.73
XTC	Xantippe Res Ltd	0.009	-10%	-10%	0%	$69,237,512.09
WMC	Wiluna Mining Corp	0.48251	0%	0%	0%	$101,961,574.11
AUN	Aurumin	0.13	-30%	-19%	0%	$14,199,022.76
GW1	Greenwing Resources	0.225	-26%	-18%	0%	$27,730,653.53
KTA	Krakatoa Resources	0.055	-35%	-15%	0%	$18,959,045.44
DAF	Discovery Alaska Ltd	0.051	31%	-4%	0%	$11,435,969.60
IR1	Irismetals	0.3	-52%	0%	0%	$17,887,500.00
AOU	Auroch Minerals Ltd	0.0675	-24%	-16%	-1%	$25,122,722.33
TKM	Trek Metals Ltd	0.0665	-13%	-18%	-2%	$21,121,490.20
G88	Golden Mile Res Ltd	0.04	-23%	-17%	-2%	$8,353,037.17
AM7	Arcadia Minerals	0.185	-14%	-23%	-3%	$6,648,575.00
MTM	Mtmongerresources	0.115	-23%	-32%	-4%	$4,351,203.96
GSM	Golden State Mining	0.045	-30%	-25%	-4%	$5,471,801.99
ZEO	Zeotech Limited	0.051	-7%	-16%	-6%	$82,345,435.38
AX8	Accelerate Resources	0.029	-26%	-12%	-6%	$8,167,225.87
CRR	Critical Resources	0.05	-32%	-18%	-7%	$80,337,305.68
KGD	Kula Gold Limited	0.025	-31%	-19%	-7%	$5,809,742.06
CY5	Cygnus Gold Limited	0.155	7%	-9%	-9%	$20,057,503.55
SRI	Sipa Resources Ltd	0.036	-8%	-14%	-10%	$8,200,992.12

A total of 87 stocks were in the green, 29 flatlined and only 12 were in the red.

Who’s got news out today?

REEDY LAGOON (ASX:RLC)

RLC has staked a further 192 placer claims over an area of 1,557 hectares to increase its Alvord project in the Northern McDermitt Caldera in Oregon, USA.

The additional ground staking is part of a deal which gives the Company access to several lithium targets generated by GoldPlay LLC in the area.

The areas staked by the the company coincide with the central axis of a rifted valley that post-dates the formation and collapse of the Northern McDermitt caldera – which is 25kms north west of the McDermitt Caldera where Lithium Americas Corp (NYSE:LAC) is evaluating the Thacker Pass lithium-clay deposit and Jindalee Resources Limited (ASX:JRL) is evaluating the McDermitt lithium- clay deposit.

At both of these deposits the primary source of lithium is the volcanic ash that has been deposited within a crater lake formed after a very large volcanic eruption and subsequent collapse of the caldera.

The ground staked by RLC, including the current staking under the deal with GoldPlay and the company’s earlier staking is in the outer margin of the Northern McDermitt caldera and coincides with a zone of high heat flow due to geothermal hot springs that are controlled by major north-south striking faults.

“The high heat flow and geothermal activity together with the wide distribution of volcanic ash from the eruption of multiple calderas over geologic time is seen as a favourable environment for the formation of lithium enriched brines and lithium clay deposits,” the company says.

RLC plans to carry out geochemical sampling of geothermal water and playa lake sediments and electrical geophysical surveys to determine the presence of brines in the sub-strata.

CRITICAL RESOURCES (ASX:CRR)

Assays from the company’s Mavis Lake project in Canad have returned 7.66m at 1.5% Li2O.

Additionally, 24 of 25 drill holes have intersected spodumene-bearing pegmatite including four additional holes which include 14.7m of pegmatite with spodumene mineralisation from 146 to 160.70m downhole.

The 5,000m drill program is now around 50% complete and planning is underway for an extension to approximately 10,000m.

AURORA ENERGY METALS (ASX:1AE)

Assays conducted on drill core from its 2011 drilling program at the company’s Aurora Energy Metals Project in Oregon, USA has confirmed widespread lithium intersections in sediments overlying the Aurora Uranium Deposit.

Best results include 9.1m at 2,414 ppm lithium from 21.9m, 7.3m at 2,431 ppm from 50.3m and 6.4m at 2,145 ppm from 25.6m.

The company says the results are comparable to Jindalee’s nearby McDermitt Lithium Project.

“It can be inferred that the lithium is shallow, flat-lying and easily mineable (possibly free-dig),” Aurora says, which bodes well for its upcoming lithium exploration program.