Nemaska Lithium has announced that a further C$375M (US$283.4M) would be required to fully-fund construction, commissioning, working capital and reserve funds for their Whabouchi mine and Shawinigan conversion plant. The additional funds would be needed on-top of an existing C$1.1Bn (US$831.4M) finance package announced in May 2018.
Pilbara Minerals and Altura Mining have both announced the first shipment of spodumene concentrate to their off-take partners in China. The vessel departed Port Headland in W. Australia carrying 8,800t (wet) spodumene concentrates from Pilbara Minerals grading 6.1% Li2O and 1.2% Fe2O3. Altura Mining reported loading of 5,000t spodumene concentrates grading >6.0%Li2O and 1.05% Fe2O3 at Port Headland, which is destined for its off-take partner Lionergy in China.
The Czech government has canceled a deal that could have given Australian company European Metals Holding (EMH) the right to mine a huge deposit of lithium, a key component in electric batteries. Trade and Industry Minister Tomas Huner said Thursday he had informed the European Metals Holdings company he considered the deal invalid.
Martin Steinbild will represent Savannah Resources at Roskill's Battery Supply Chain Europe 2018 Conference, taking place at 13. to 14. March 2018 in Düsseldorf, Germany. He will give a speech on "Perspectives of the lithium value chain in Europe".