Weekly News Roundup

Welcome back to the weekly news roundup!  Below are a few interesting stories in the lithium space from the past week:

  • Tawana Resources announced the results from a Pre-Feasibility Study for their Bald Hill lithium project. The study indicated an initial “starter pit” life of 3.6 years which would allow for an estimated Average EBITDA of A$83 million per annum for the project.  The company expects to start production in early 2018.  Full report here
  • Pure Energy Minerals announced the start of a geophysical exploration program at its Terra Cotta Project located on the Pocitos Salar in Salta Province, Argentina. The program consists of a vertical electrical sounding (VES) survey, which is widely used to identify zones of high electrical conductivity in the subsurface.  These zones are often portions of an aquifer with correspondingly high brine concentrations.   Coincidentally, we will be posting an interview with Pure Energy CEO, Patrick Highsmith soon, so stay tuned!  Full press release here
  • SQM and Kidman Resources announced that they will jointly develop the Mount Holland lithium project in Australia. As part of the deal, an affiliate of SQM will acquire 50% of the Mt. Holland lithium project, forming a 50/50 JV.  The initial production target would be approximately 40k MT per year of LCE in 2021.  Full story here
  • Lithium Americas Closes $113 million strategic financing with Bangchak corporation. The money will go towards funding a portion of LAC’s share of construction costs for the Cauchari-Olaroz lithium project in Argentina.  Full article here

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