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Eye on Lithium: US, Canada, and Co. team up to secure critical minerals
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- 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:
Lithium stocks missing from our list? Shoot a friendly mail to [email protected]
| 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?
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.
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.
