High Voltage: Protesters hit the streets over Rio’s planned Serbian lithium mine

Mining Emma Davies
lithium Serbia RIO

If it goes ahead, the Jadar project could cover 90% of Europe’s current lithium needs. Pic: Getty Images

  • Serbian government reinstated Rio’s licence to develop the Jadar mine
  • Project would extract 58,000tpa lithium hydroxide
  • Decision has sparked protests in Belgrade over environmental concerns

 

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.

It looks like history is repeating itself in Serbia as protesters take to the streets to condemn the Government’s approval of Rio Tinto’s (ASX:RIO) Jadar lithium project.

Back in 2022, the company’s plans for the project – which it proclaimed to be the largest prospective lithium mine in Europe – were apparently sunk after mass protests prompted a pre-election Serbian Government to cancel its project permit.

Rio always maintained it still planned to deliver the project despite pitched opposition from local environmental campaigners, planning to extract 58,000tpa of lithium hydroxide as well as boric acid by processing a mineral contained at the site called jadarite.

But opposition kicked up a notch over the weekend, after the government reinstated Rio’s license to develop the mine last month, as long as it met guarantees to maintain environment standards.

Now Reuters has reported tens of thousands of protesters gathered in central Belgrade, demanding a halt to the project over fears it could pollute nearby land and water.

 

 

Government officials said the protests were politically motivated and designed to bring down President Aleksandar Vucic and his government.

If implemented, the $2.4 billion project could cover 90% of Europe’s current lithium needs and make Rio one of the world’s leading lithium producers.

Government officials say the lithium mine would boost Serbia’s economy, but environmentalists say the price for it would be too high.

 

Battery Metals Winners and Losers

 

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>

Code Company Price % Week % Month % Six Month % Year Market Cap
XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 0% $17,528,272
RIL Redivium Limited 0.003 50% 0% -40% -73% $5,461,710
LRS Latin Resources Ltd 0.1825 40% 7% -9% -48% $335,930,336
SUM Summitminerals 0.225 36% -22% 196% 67% $15,453,757
VRC Volt Resources Ltd 0.004 33% 0% -20% -64% $12,476,034
SLZ Sultan Resources Ltd 0.008 33% 0% -43% -73% $1,580,692
YAR Yari Minerals Ltd 0.004 33% 0% -50% -79% $1,929,431
GW1 Greenwing Resources 0.046 31% -8% -45% -76% $8,862,817
OD6 Od6Metalsltd 0.044 29% -19% -63% -80% $5,662,368
WMG Western Mines 0.27 26% -5% 50% -46% $23,865,818
CZN Corazon Ltd 0.005 25% -17% -50% -64% $3,339,528
EVR Ev Resources Ltd 0.005 25% -17% -62% -67% $5,585,086
STM Sunstone Metals Ltd 0.01 25% 0% -9% -64% $38,519,036
ODE Odessa Minerals Ltd 0.0025 25% -29% -64% -69% $2,086,565
PAM Pan Asia Metals 0.1 23% -17% -38% -60% $18,366,316
L1M Lightning Minerals 0.065 23% -4% -7% -62% $4,859,535
RR1 Reach Resources Ltd 0.011 22% -21% 20% -82% $8,744,313
SGQ St George Min Ltd 0.03 20% -6% 20% -25% $32,656,213
LML Lincoln Minerals 0.006 20% 0% -14% 0% $12,337,557
MTM MTM Critical Metals 0.031 19% -18% -49% -53% $8,433,206
REC Rechargemetals 0.031 19% 3% -54% -86% $4,330,389
EMC Everest Metals Corp 0.125 19% 4% 60% -14% $23,285,389
IMI Infinitymining 0.013 18% -35% -87% -89% $1,543,794
MEK Meeka Metals Limited 0.052 18% 53% 44% 0% $66,674,282
QXR Qx Resources Limited 0.007 17% 8% -67% -77% $7,770,545
TKM Trek Metals Ltd 0.042 17% 31% 2% -48% $21,565,860
LOT Lotus Resources Ltd 0.2575 14% -29% -22% 17% $439,624,057
BM8 Battery Age Minerals 0.12 14% -17% -14% -68% $11,162,897
PNN Power Minerals Ltd 0.09 14% -38% -42% -74% $9,909,453
PVW PVW Res Ltd 0.025 14% -4% -31% -67% $3,160,119
CLA Celsius Resource Ltd 0.0125 14% -11% 14% 4% $31,562,866
FRB Firebird Metals 0.125 14% -14% -7% 4% $19,218,789
ETM Energy Transition 0.025 14% 19% -31% -44% $35,217,717
TMB Tambourahmetals 0.045 13% -8% -46% -78% $3,732,316
A8G Australasian Metals 0.1 12% 39% -5% -41% $4,534,483
FG1 Flynngold 0.028 12% 17% -38% -54% $7,137,661
MLS Metals Australia 0.02 11% 0% -31% -38% $14,544,390
ASO Aston Minerals Ltd 0.01 11% 11% -50% -80% $12,950,643
IPX Iperionx Limited 2.23 11% 3% 16% 110% $579,356,484
BCA Black Canyon Limited 0.072 11% -19% -35% -54% $5,821,768
PEK Peak Rare Earths Ltd 0.21 11% 14% -9% -56% $55,950,438
PEK Peak Rare Earths Ltd 0.21 11% 14% -9% -56% $55,950,438
KTA Krakatoa Resources 0.011 10% -21% -35% -61% $5,193,179
KM1 Kalimetalslimited 0.165 10% -21% -61% 0% $12,676,558
LM1 Leeuwin Metals Ltd 0.08 10% 54% -12% -79% $3,701,282
EMH European Metals Hldg 0.23 10% -21% -32% -74% $47,712,282
NWM Norwest Minerals 0.023 10% -36% -18% -49% $11,157,749
GT1 Greentechnology 0.061 9% -20% -51% -89% $19,626,878
VTM Victory Metals Ltd 0.39 8% 13% 77% 86% $35,303,242
RBX Resource B 0.04 8% 5% -27% -75% $3,307,379
KNG Kingsland Minerals 0.2 8% -13% -9% -20% $12,289,960
MEI Meteoric Resources 0.095 8% -34% -47% -58% $212,811,385
LEL Lithenergy 0.345 8% -12% 1% -45% $38,360,537
ZNC Zenith Minerals Ltd 0.043 8% -14% -64% -42% $15,152,378
FTL Firetail Resources 0.072 7% -14% 89% -39% $14,566,594
QEM QEM Limited 0.145 7% 0% -17% -31% $21,951,798
ASL Andean Silver 0.67 7% -35% 148% 131% $77,559,317
LU7 Lithium Universe Ltd 0.015 7% -6% -35% -74% $9,502,617
THR Thor Energy PLC 0.016 7% -16% -38% -60% $3,726,885
PMT Patriotbatterymetals 0.49 7% -13% -36% -64% $295,381,087
RAS Ragusa Minerals Ltd 0.017 6% 6% -35% -69% $2,424,179
VHM Vhmlimited 0.43 6% -11% -32% -17% $68,504,324
VMS Venture Minerals 0.018 6% 0% 38% 29% $43,905,270
AR3 Austrare 0.076 6% -16% -37% -71% $11,850,064
BOA Boadicea Resources 0.019 6% -24% -24% -47% $2,343,704
FBM Future Battery 0.02 5% -29% -67% -81% $13,245,519
ANX Anax Metals Ltd 0.02 5% -23% 0% -61% $13,163,525
ARR American Rare Earths 0.2625 5% -9% -13% 81% $128,550,058
RAG Ragnar Metals Ltd 0.021 5% 17% 0% -9% $9,953,600
SLM Solismineralsltd 0.105 5% -36% -9% -71% $7,359,847
TOR Torque Met 0.11 5% -24% -42% -19% $20,673,282
BC8 Black Cat Syndicate 0.335 5% -9% 63% -6% $148,465,564
S2R S2 Resources 0.115 5% 5% -21% -32% $49,814,379
NKL Nickelxltd 0.023 5% -4% -48% -70% $2,352,186
LIN Lindian Resources 0.115 5% -8% -12% -62% $132,586,057
DM1 Desert Metals 0.023 5% -23% -18% -56% $6,104,791
WA1 Wa1Resourcesltd 13.53 4% -21% 25% 155% $875,687,976
EMS Eastern Metals 0.025 4% -17% -38% -55% $2,841,906
PFE Panteraminerals 0.025 4% -24% -54% -68% $8,717,614
GLN Galan Lithium Ltd 0.13 4% -33% -54% -83% $64,696,743
LYC Lynas Rare Earths 6.18 4% -3% 8% -11% $5,757,864,020
RXL Rox Resources 0.14 4% -13% -24% -40% $57,216,213
MAN Mandrake Res Ltd 0.029 4% -3% -28% -33% $17,886,038
STK Strickland Metals 0.1025 4% 10% 23% 150% $231,463,548
CHR Charger Metals 0.061 3% 3% -55% -78% $4,645,215
AVL Aust Vanadium Ltd 0.0155 3% -3% -9% -52% $129,253,474
DRE Dreadnought Resources Ltd 0.0165 3% -25% -21% -65% $59,728,000
SRL Sunrise 0.425 2% -16% 4% -61% $37,895,549
TLG Talga Group Ltd 0.44 2% -21% -28% -65% $184,314,663
ICL Iceni Gold 0.044 2% -45% 29% -58% $12,001,486
HAS Hastings Tech Met 0.285 2% -31% -52% -73% $51,535,448
A11 Atlantic Lithium 0.295 2% -18% -24% -27% $188,404,025
HAW Hawthorn Resources 0.061 2% 2% -27% -49% $20,435,952
S32 South32 Limited 2.92 1% -19% -5% -23% $13,180,142,433
RNU Renascor Res Ltd 0.082 1% -16% -5% -49% $208,394,021
IDA Indiana Resources 0.09 1% 6% 10% 56% $57,727,786
MHK Metalhawk. 0.09 1% 80% 25% -22% $9,060,300
CWX Carawine Resources 0.091 1% 7% -5% -23% $21,487,416
EGR Ecograf Limited 0.099 1% -14% -24% -29% $45,403,182
NIC Nickel Industries 0.785 1% -5% 23% -1% $3,321,502,657
ILU Iluka Resources 5.565 0% -17% -20% -42% $2,379,313,207
INF Infinity Lithium 0.05 0% -12% -37% -55% $24,054,789
LPD Lepidico Ltd 0.0015 0% -25% -74% -87% $17,178,250
MRD Mount Ridley Mines 0.001 0% 0% -50% -50% $7,784,883
LKE Lake Resources 0.034 0% -15% -65% -84% $56,729,708
RLC Reedy Lagoon Corp. 0.003 0% 0% -40% -57% $1,858,622
HXG Hexagon Energy 0.016 0% 14% 14% 78% $8,206,654
MNS Magnis Energy Tech 0.042 0% 0% 0% -60% $50,378,922
ESR Estrella Res Ltd 0.005 0% 11% 0% -44% $8,796,859
AAJ Aruma Resources Ltd 0.015 0% 15% -12% -62% $3,350,873
BUX Buxton Resources Ltd 0.069 0% -8% -47% -51% $14,376,043
TKL Traka Resources 0.0015 0% -25% -25% -73% $2,918,488
PAN Panoramic Resources 0.035 0% 0% 0% -29% $103,937,992
PRL Province Resources 0.041 0% 0% 0% 0% $48,441,219
IPT Impact Minerals 0.014 0% -13% 40% -13% $39,772,638
ADD Adavale Resource Ltd 0.003 0% -40% -50% -81% $3,634,296
POS Poseidon Nick Ltd 0.004 0% -13% -38% -78% $14,854,139
ATM Aneka Tambang 1.03 0% -4% -6% -6% $1,342,758
ALY Alchemy Resource Ltd 0.006 0% -14% -25% -60% $7,068,458
GAL Galileo Mining Ltd 0.16 0% -14% -33% -65% $31,619,988
MRC Mineral Commodities 0.026 0% -4% -7% -44% $25,596,288
QPM Queensland Pacific 0.033 0% 0% -8% -66% $85,720,081
LEG Legend Mining 0.011 0% -8% -39% -73% $32,004,249
MOH Moho Resources 0.0045 0% -10% -25% -59% $2,426,302
AML Aeon Metals Ltd. 0.005 0% -9% -29% -71% $5,482,003
G88 Golden Mile Res Ltd 0.01 0% -9% -23% -75% $4,112,229
WKT Walkabout Resources 0.1 0% -9% -17% -13% $67,126,145
NVA Nova Minerals Ltd 0.135 0% -34% -49% -56% $32,880,179
MRR Minrex Resources Ltd 0.008 0% -20% -33% -47% $8,678,940
EFE Eastern Resources 0.004 0% 0% -50% -62% $4,967,786
LSR Lodestar Minerals 0.001 0% -33% -58% -84% $2,600,780
CTN Catalina Resources 0.003 0% 0% -40% -25% $3,715,461
TEM Tempest Minerals 0.011 0% 38% 65% -18% $6,229,498
WML Woomera Mining Ltd 0.003 0% 0% -25% -73% $3,654,417
KZR Kalamazoo Resources 0.062 0% -17% -44% -57% $11,121,877
KOR Korab Resources 0.008 0% 0% -11% -60% $2,936,400
KGD Kula Gold Limited 0.01 0% -17% 25% -41% $6,432,119
CRR Critical Resources 0.007 0% -13% -46% -84% $12,462,452
ENT Enterprise Metals 0.003 0% -25% 0% -14% $3,309,952
SCN Scorpion Minerals 0.015 0% -17% -25% -75% $6,141,843
GCM Green Critical Min 0.002 0% -50% -60% -80% $2,937,085
EMT Emetals Limited 0.004 0% -11% -20% -56% $3,400,000
PNT Panthermetalsltd 0.036 0% 9% -27% -51% $3,137,982
AVW Avira Resources Ltd 0.001 0% 0% -50% -50% $2,938,790
CAI Calidus Resources 0.115 0% 0% -21% -32% $93,678,206
AZI Altamin Limited 0.033 0% -11% -28% -55% $14,482,018
LNR Lanthanein Resources 0.003 0% -33% -50% -83% $8,552,726
CLZ Classic Min Ltd 0.001 0% 0% -98% -98% $1,253,842
DVP Develop Global Ltd 2 0% -6% -17% -35% $523,848,769
M2R Miramar 0.006 0% -25% -68% -88% $2,368,677
TAR Taruga Minerals 0.007 0% -13% -22% -36% $4,942,187
KFM Kingfisher Mining 0.061 0% 3% -29% -70% $3,276,615
AOA Ausmon Resorces 0.003 0% 0% 0% -25% $2,647,498
GRL Godolphin Resources 0.011 0% -35% -73% -73% $2,780,586
PTR Petratherm Ltd 0.021 0% -9% -16% -68% $4,752,717
M24 Mamba Exploration 0.01 0% -23% -68% -85% $1,880,823
LNR Lanthanein Resources 0.003 0% -33% -50% -83% $8,552,726
PBL Parabellumresources 0.038 0% -5% -55% -89% $2,367,400
1AE Auroraenergymetals 0.06 0% -20% -61% 0% $10,743,824
OM1 Omnia Metals Group 0.078 0% 0% 0% -53% $4,550,568
LLL Leolithiumlimited 0.505 0% 0% 0% -56% $605,079,142
SRN Surefire Rescs NL 0.006 0% -20% -50% -61% $11,917,847
WSR Westar Resources 0.007 0% -13% -63% -68% $2,990,436
MHC Manhattan Corp Ltd 0.001 0% -40% -60% -87% $2,936,980
FIN FIN Resources Ltd 0.006 0% 0% -63% -60% $3,895,612
RON Roninresourcesltd 0.115 0% -15% 0% -23% $4,234,876
ASR Asra Minerals Ltd 0.0055 0% -8% -8% -39% $11,209,436
VUL Vulcan Energy 3.77 0% -17% 86% 1% $716,998,456
CXO Core Lithium 0.0935 -1% -15% -54% -83% $198,735,006
OMH OM Holdings Limited 0.4 -1% -15% -13% -25% $302,671,436
COB Cobalt Blue Ltd 0.068 -1% -22% -64% -82% $29,573,232
NVX Novonix Limited 0.605 -2% -14% -12% -33% $300,567,900
RVT Richmond Vanadium 0.3 -2% 0% -14% -26% $25,862,342
INR Ioneer Ltd 0.1225 -2% -13% 2% -55% $292,178,288
PAT Patriot Lithium 0.049 -2% -4% -55% -76% $5,070,543
JMS Jupiter Mines. 0.22 -2% -19% 26% 5% $460,718,750
E25 Element 25 Ltd 0.22 -2% 10% -15% -54% $48,380,728
LIT Lithium Australia 0.0205 -2% -11% -25% -55% $24,806,833
AGY Argosy Minerals Ltd 0.039 -3% -58% -61% -86% $55,324,995
AM7 Arcadia Minerals 0.039 -3% 11% -41% -63% $4,564,954
MLX Metals X Limited 0.37 -3% -19% 16% 35% $335,299,945
WC8 Wildcat Resources 0.2625 -3% -11% -48% 1% $313,706,717
KNI Kunikolimited 0.175 -3% -19% -15% -58% $15,184,622
ITM Itech Minerals Ltd 0.067 -3% -33% -23% -70% $10,936,771
CMO Cosmometalslimited 0.032 -3% -36% -30% -54% $4,142,511
ARU Arafura Rare Earths 0.155 -3% -21% 15% -40% $371,850,300
WC1 Westcobarmetals 0.031 -3% 0% -42% -66% $4,727,510
GED Golden Deeps 0.03 -3% -12% -25% -55% $3,638,170
DYM Dynamicmetalslimited 0.14 -3% 4% -20% -36% $5,040,000
IGO IGO Limited 5.03 -4% -17% -28% -61% $3,809,057,099
LPM Lithium Plus 0.095 -4% -34% -44% -65% $12,572,300
BNR Bulletin Res Ltd 0.047 -4% 4% -42% -10% $13,799,826
VMC Venus Metals Cor Ltd 0.067 -4% -9% -33% -44% $12,711,822
BHP BHP Group Limited 39.255 -4% -10% -15% -12% $200,934,050,970
NMT Neometals Ltd 0.063 -5% -28% -59% -88% $39,886,811
DEV Devex Resources Ltd 0.205 -5% -31% -31% -41% $88,238,134
WR1 Winsome Resources 0.505 -5% -31% -16% -69% $103,840,413
AX8 Accelerate Resources 0.01 -5% -52% -62% -58% $6,207,539
BKT Black Rock Mining 0.055 -5% -4% -10% -43% $66,358,575
CY5 Cygnus Metals Ltd 0.055 -5% 28% -21% -80% $20,516,754
LLI Loyal Lithium Ltd 0.09 -5% -36% -62% -80% $8,716,908
NTU Northern Min Ltd 0.0265 -5% -22% -15% -22% $165,507,419
CAE Cannindah Resources 0.052 -5% -10% -38% -64% $30,060,158
FRS Forrestaniaresources 0.0245 -6% -28% 2% -69% $3,963,751
AXE Archer Materials 0.245 -6% -32% -28% -52% $61,163,283
CHN Chalice Mining Ltd 0.975 -6% -26% -10% -82% $383,191,386
1MC Morella Corporation 0.032 -6% -33% -68% -82% $7,908,899
SRZ Stellar Resources 0.016 -6% -24% 100% 23% $31,068,029
ABX ABX Group Limited 0.048 -6% -4% -32% -52% $12,001,935
HRE Heavy Rare Earths 0.031 -6% 3% -38% -68% $1,875,126
GL1 Globallith 0.23 -6% -16% -50% -86% $59,935,214
SRI Sipa Resources Ltd 0.015 -6% -21% -32% -35% $3,422,372
LCY Legacy Iron Ore 0.015 -6% 7% -6% -17% $115,703,224
ARL Ardea Resources Ltd 0.445 -6% -9% 10% -36% $88,858,897
TVN Tivan Limited 0.0475 -7% -19% -10% -30% $91,555,607
SBR Sabre Resources 0.013 -7% -19% -38% -64% $5,108,505
REE Rarex Limited 0.013 -7% -7% -32% -67% $10,271,710
ASN Anson Resources Ltd 0.097 -8% -37% 21% -37% $124,044,308
EVG Evion Group NL 0.024 -8% 20% -17% -20% $8,674,080
EG1 Evergreenlithium 0.048 -8% -17% -52% -85% $2,699,040
GBR Greatbould Resources 0.047 -8% -16% -22% -28% $29,777,122
DLI Delta Lithium 0.2025 -8% -19% -26% -72% $149,815,500
SYR Syrah Resources 0.22 -8% -32% -61% -67% $232,850,647
AQD Ausquest Limited 0.011 -8% -15% 10% -21% $9,076,641
SYR Syrah Resources 0.22 -8% -32% -61% -67% $232,850,647
LTR Liontown Resources 0.805 -9% -20% -24% -70% $1,940,003,904
ARN Aldoro Resources 0.075 -9% 6% -25% -55% $10,096,781
LMG Latrobe Magnesium 0.032 -9% -32% -38% -42% $75,135,596
AZL Arizona Lithium Ltd 0.0155 -9% -26% -48% -18% $67,107,218
PSC Prospect Res Ltd 0.1 -9% -26% 25% -17% $54,347,989
TON Triton Min Ltd 0.01 -9% 11% -41% -57% $15,683,887
GSM Golden State Mining 0.01 -9% -9% -17% -74% $3,352,448
NC1 Nicoresourceslimited 0.1 -9% -38% -43% -76% $11,492,310
EMN Euromanganese 0.04 -9% -42% -47% -79% $9,590,875
KAI Kairos Minerals Ltd 0.01 -9% 0% -23% -63% $26,209,122
KOB Kobaresourceslimited 0.1 -9% -41% -38% -17% $15,856,161
PLS Pilbara Min Ltd 2.7 -9% -12% -23% -46% $8,581,057,621
PGD Peregrine Gold 0.185 -10% -3% -26% -31% $12,557,508
CNB Carnaby Resource Ltd 0.415 -10% -27% -27% -64% $67,915,212
JLL Jindalee Lithium Ltd 0.27 -10% -23% -66% -86% $19,211,739
MQR Marquee Resource Ltd 0.009 -10% -10% -50% -74% $3,720,459
LRV Larvottoresources 0.135 -10% 29% 105% 14% $43,113,625
CMX Chemxmaterials 0.036 -10% -16% -54% -64% $4,572,804
EV1 Evolutionenergy 0.027 -10% -4% -75% -87% $8,218,335
CTM Centaurus Metals Ltd 0.345 -10% -19% 17% -56% $181,118,720
NWC New World Resources 0.017 -11% -48% -54% -48% $48,284,789
LTM Arcadium Lithium PLC 3.85 -11% -26% -43% 0% $1,409,941,614
SYA Sayona Mining Ltd 0.025 -11% -26% -44% -81% $257,332,400
AXN Alliance Nickel Ltd 0.032 -11% -11% -20% -65% $23,226,868
ENV Enova Mining Limited 0.008 -11% -27% -71% 0% $7,879,435
FGR First Graphene Ltd 0.046 -12% -13% -25% -43% $32,303,334
WCN White Cliff Min Ltd 0.015 -12% 0% 7% 67% $22,811,424
MIN Mineral Resources. 45.85 -12% -21% -19% -31% $9,104,706,923
BUR Burleyminerals 0.11 -12% -15% 57% -19% $16,540,804
IXR Ionic Rare Earths 0.007 -13% -36% -59% -65% $38,958,101
AUZ Australian Mines Ltd 0.007 -13% -30% -53% -61% $10,488,841
ASM Ausstratmaterials 0.48 -13% -44% -52% -69% $85,192,837
GRE Greentechmetals 0.1 -13% -35% -50% -78% $8,307,998
BMM Balkanminingandmin 0.043 -14% -42% -39% -80% $3,699,742
ADV Ardiden Ltd 0.12 -14% -11% -27% -53% $7,814,688
AKN Auking Mining Ltd 0.012 -14% -40% -61% -78% $3,505,557
TMX Terrain Minerals 0.003 -14% -14% -40% -54% $5,298,086
AS2 Askarimetalslimited 0.021 -16% -50% -74% -91% $2,059,473
IG6 Internationalgraphit 0.066 -16% -21% -53% -66% $12,774,850
VML Vital Metals Limited 0.0025 -17% -17% -50% -75% $14,737,667
PUR Pursuit Minerals 0.0025 -17% -17% -50% -79% $9,088,500
VR8 Vanadium Resources 0.045 -17% -20% 32% -34% $25,318,134
BYH Bryah Resources Ltd 0.005 -17% 11% -50% -74% $2,516,434
DTM Dart Mining NL 0.015 -17% -17% 15% -54% $3,876,493
PGM Platina Resources 0.019 -17% -32% 12% -27% $13,086,787
OCN Oceanalithiumlimited 0.032 -18% -20% -44% -87% $2,639,936
PVT Pivotal Metals Ltd 0.013 -19% -41% -19% -32% $9,153,538
CDT Castle Minerals 0.004 -20% 0% -43% -64% $4,647,392
BSX Blackstone Ltd 0.027 -21% -50% -61% -78% $14,211,795
PLL Piedmont Lithium Inc 0.11 -21% -33% -48% -84% $47,051,871
JRV Jervois Global Ltd 0.011 -21% -42% -54% -81% $32,433,165
EUR European Lithium Ltd 0.035 -24% -33% -59% -57% $54,526,783
WIN WIN Metals 0.019 -24% -14% -46% -91% $6,268,853
RGL Riversgold 0.004 -27% -33% -56% -71% $5,309,850
RMX Red Mount Min Ltd 0.001 -33% 0% -43% -77% $3,873,577
CNJ Conico Ltd 0.001 -33% 0% -67% -86% $2,201,528
LRS Latin Resources Ltd 0.1825 40% 7% -9% -48% $335,930,336
SUM Summitminerals 0.225 36% -22% 196% 67% $15,453,757
VRC Volt Resources Ltd 0.004 33% 0% -20% -64% $12,476,034
SLZ Sultan Resources Ltd 0.008 33% 0% -43% -73% $1,580,692
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Weekly Small Cap Standouts

Redivium (ASX:RIL)

The emerging lithium-ion battery recycler has started trading on the Frankfurt stock exchange, with the dual-listing undertaken to support the company’s strategy to broaden its investor base outside Australia.

“Sustainably sourced battery raw materials are vital for Europe’s resilience and strategic autonomy, and we believe our growing suite of battery recycling technologies will help ‘close the loop’,” executive director and CEO Europe Michael O’Leary-Collins said.

“This includes a licence to commercialise patented technology by ACN 630 589 507 Pty Ltd, co-owned by Neometals (ASX:NMT) and SMS Group GmbH, that has been adopted by Mercedes Benz for its recycling needs.

“European industry players are looking for recycled ESG-friendly critical raw materials at scale for which there are presently few solutions.

“We are pleased to have DGWA as a partner on our journey to provide these high-value battery materials for lithium-ion battery production supply chains in Europe.”

Latin Resources (ASX:LRS)

The company and its giant Salinas lithium project in Brazil is set to be acquired by mining giant Pilbara Minerals (ASX:PLS) , in a deal worth around $580 million.

Pilbara is offering the equivalent of ~$0.20 a share, to be delivered as 0.07 PLS shares, a premium of 57% on the LRS 10-day VWAP.

“I am extremely excited and proud that our achievements in Brazil have attracted such a high quality company in Pilbara Minerals to Salinas,” LRS managing director Chris Gale said.

“I have spent time at Pilbara Minerals’ Pilgangoora mine, met with the Pilbara Minerals team and I’m in no doubt that Pilbara Minerals’ expertise’ in lithium mining will be an enormous benefit not only to Latin Resources and its 100%-owned Brazilian subsidiary, Belo Lithium, but to Brazil itself.

“Brazil’s Lithium Valley will now well and truly be on the world’s global lithium map as one of the best lithium mining jurisdictions in the world.”

Gale said the scheme provides Latin Resources shareholders with an exciting opportunity to become shareholders in the world’s largest pure play hard rock lithium producer, diversified across Tier 1 projects in Australia and Brazil.

“In addition to delivering an attractive premium, this transaction allows Latin Resources shareholders to retain ongoing, but significantly de-risked, exposure to the development of Salinas as part of a larger, more diversified enterprise with a strong balance sheet, cashflow generation and technical expertise, all of which will support the successful development and operation of Salinas,” he said.

 

Pan Asia Metals (ASX:PAM)

Field work at the company’s KT East lithium prospect – part of the broader RK project in Thailand – has increased the anomalous zone by 2.8x to 2.1km long and 1km wide.

This comes after rock chip sampling last month which defined the prospective zone over a strike length of ~2.4km and a width of at least 2.4km.

The results of soil sampling combined with the previous rock chip sampling program indicates the pegmatite field occurs over a strike length of approximately 2.1km and a width of approximately 1km, increasing the zone by 2.8x on that previously reported.

The large coherent Main Zone is approximately 2.0km long and up to 500m wide and contains numerous zones of lepidolite pegmatites.

The pegmatite dyke swarm remains open in several areas where additional sampling is planned, with many individual dykes 7-10m wide and up to 20m wide.

Notably, the pegmatites are stacked and dip moderately, suggesting KT East is likely amenable to open pit mining with potentially low strip ratios, the company says.

The company also announced an option agreement to acquire full ownership of the Rosario copper project in Chile.

 

Lightning Minerals (ASX:L1M)

Lightning has signed an option agreement to acquire the Esperança project, 5kms from its recently acquired Caraíbas and Sidrônio lithium projects in Minas Gerais, Brazil.

The move comes after managing director Alex Biggs visited the Caraíbas and Sidrônio projects and had a squiz at the Esperança project area.

“The location of the Esperança project in highly prospective geology of the Salinas formation adds to the potential of our land package which we are now beginning a focused exploration campaign on,” managing director Alex Biggs said.

“The ability to complete low-cost option deals such as this presents significant opportunity to the company as it allows us to minimise our downside and maximise the upside potential by having multiple targets and projects.

“As we begin to evolve our business and works in Brazil we look forward to the potential that lies ahead for the Company supported by our presence in Lithium Valley, one of the most prolific lithium regions globally”.

LM1 shares surged higher yesterday after PLS announced its takeover of nearby Latin.

 

At Stockhead we tell it like it is. While Latin Resources and Pan Asia Metals are Stockhead advertisers, they did not sponsor this article.

 

 

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