Latest news with #DefinitiveFeasibilityStudy
Cision Canada
31-07-2025
- Business
- Cision Canada
FRONTIER ADVANCES LITHIUM CONVERSION FACILITY WITH DEFINITIVE FEASIBILITY STUDY AWARD
GREATER SUDBURY, ON, July 31, 2025 /CNW/ - Frontier Lithium Inc. (TSXV: FL) (OTCQX: LITOF) ("Frontier" or the "Company") is pleased to announce the commencement of the Definitive Feasibility Study ("DFS") for the lithium conversion facility (the "Project") in Thunder Bay, Ontario. As a second definitive feasibility study, this work builds on the positive outcomes of the recently completed mine and mill DFS, with a dedicated focus on evaluating a refinery supplied by Frontier Lithium's own production and potential third-party feedstock. The Company has awarded the feasibility scope for the Project to Fluor Canada Ltd. ("Fluor"), a leading engineering and construction company that provides engineering, procurement, construction, maintenance, and project management services across various industries. Fluor will work with Frontier to deliver the comprehensive DFS, covering various work packages such as infrastructure, process and design, cost estimation, economic valuation, procurement and a technical report for Frontier. Fluor will also advance execution planning, and coordination with specialized consultants supporting technical studies, reporting, and environmental assessments. "After a thorough evaluation process, we have selected Fluor based on their global and North American expertise in critical minerals development and their proven track record delivering large-scale lithium processing and refinery projects," said Trevor Walker, President and Chief Executive Officer of Frontier. "Advancing this phase of the Project is critical not only for Frontier, but for ensuring that we continue to build a successful made-in-Canada EV battery supply chain. We're confident in the lithium refining experience of our project team and excited to move forward into this next phase". The DFS will initially deliver a preliminary capital cost estimate laying the foundation for Frontier's first commercial refining facility and long-term production strategy. These outcomes will also support the goal of finalizing the contribution agreement's with both federal and provincial governments as previously announced in the Company's press release on March 4, 2025 and highlighted in the Province of Ontario budget on May 15, 2025. Frontier expects to complete the federal and provincial government agreements in 2025/2026 and deliver the feasibility study within the next 18 months. Frontier may consider future updates to reflect integrated economics of the mine and mill and refinery projects, subject to funding progress. The proposed Project, which is planned for the recently acquired Mission Island site (Figure A) in Thunder Bay, Ontario, will be designed to produce approximately 20,000 tonnes of lithium carbonate equivalent (LCE) lithium hydroxide salts annually, once in production. This output could support battery production for up to 500,000 electric vehicles per year. The Project will also be designed to accommodate supply from other lithium deposits both in Canada and internationally, strengthening Canada's role in the global battery supply chain. Frontier remains committed to sustainable resource development and to working collaboratively with Indigenous community partners, stakeholders, and government agencies to ensure the successful execution of this nationally significant critical minerals project in Thunder Bay, Ontario. About Frontier Lithium Frontier Lithium Inc. is a pre-production mining company with an objective to become a strategic and integrated supplier of premium spodumene concentrates as well as battery-grade lithium salts to the growing electric vehicle, and energy storage markets in North America. The Company's PAK Lithium project maintains the largest land position and resource in a premium lithium mineral district located in Ontario's Great Lakes region. About the PAK Lithium Project The PAK Lithium Project is a fully integrated critical minerals initiative in Ontario, developing North America's highest-grade known lithium resource. Operated as a joint venture between Frontier (92.5%) and Mitsubishi Corporation (7.5%), the project is advancing in parallel with a mine and mill and a downstream conversion facility in Thunder Bay, Ontario both key to supporting a secure domestic lithium supply for the clean energy transition. A 2025 Mine and Mill Feasibility Study (FS), prepared by DRA and entitled National Instrument 43-101 Technical Report FS PAK Lithium Project, Mine and Mill, outlines a 31-year Project life with an after-tax net present value of CA $932 million at an 8% discount rate and an after-tax internal rate of return of 17.9%.These results were disclosed in a press release dated May 28, 2025, and the accompanying technical report was filed on July 9, 2025 on SEDAR+ ( Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact constitute forward-looking statements. Forward looking statements contained in this news release may include, but are not limited to, statements with respect to: capital requirements and private and/or public financing initiatives, estimated mineral resources, estimated capital costs to construct mine facilities, estimated operating costs, the duration of payback periods, estimated amounts of future production, estimated cash flows, net present value, the DFS and statements that address future production, resource and reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, including but not limited to capital and operating costs, timelines, internal rates of return, and project development milestones. Forward-looking statements involve inherent risks and uncertainties. Risk factors that could cause actual results to differ materially from those in forward looking statements include: market prices for commodities, increases in capital or operating costs, construction risks, availability of infrastructure including roads, regulatory and permitting risks, exploitation and exploration successes, continued availability of capital and financing, financing costs, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, please review the Company's public filings available at SOURCE Frontier Lithium Inc.
Cision Canada
21-07-2025
- Business
- Cision Canada
Investor Webinar
MONTREAL, July 20, 2025 /CNW/ - SYDNEY, Australia – July 21, 2025 Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that Ken Brinsden, the Company's President, CEO and Managing Director, will host a live investor webinar tomorrow, Tuesday 22 July 2025 Australia/Monday 21 July 2025 Montreal to discuss the maiden Mineral Resource Estimate for caesium announced today for the Rigel and Vega zones at its 100%-owned Shaakichiuwaanaan Property (the " Property" or " Project") located in the Eeyou Istchee James Bay region of Quebec Mr Brinsden will update investors on the significance of this announcement and outline the significance of the caesium discovery, while also taking the opportunity to provide an update on the lithium-only Definitive Feasibility Study for CV5 Shaakichiuwaanaan and other upcoming milestones. Investors and shareholders will have the opportunity to submit live questions via the online Q&A webinar portal. Alternatively, questions can be submitted in advance via email to the Company's Investor Relations Manager – Olivier Caza-Lapointe. Registration Details A recording of the webinar will be released through Patriot's website and social media platforms for the benefit of investors in North American time zones. " KEN BRINSDEN" Kenneth Brinsden, President, CEO, & Managing Director Olivier Caza-Lapointe Head, Investor Relations – North America T: +1 (514) 913-5264 E: [email protected] SOURCE Patriot Battery Metals Inc.
Yahoo
18-06-2025
- Business
- Yahoo
Stardust Power Inc. Announces Closing of $4.3 Million Underwritten Public Offering
GREENWICH, CONNECTICUT, June 18, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) (the 'Company'), an American developer of battery-grade lithium products, today announced the closing of its previously announced underwritten public offering. Gross proceeds to the Company were approximately $4.3 million, before deducting underwriting fees and other offering expenses payable by the Company. The offering closed on June 18, 2025. The offering consisted of 21,500,000 shares of common stock ('Common Stock'). The public offering price per share of Common Stock was $0.20. In addition, the Company has granted Aegis Capital Corp. ('Aegis') a 45-day option to purchase up to an additional 3,225,000 shares of Common Stock, representing 15.0% of the number of shares of Common Stock sold in the offering solely to cover over-allotments, if any. If the over-allotment option is exercised in full, aggregate gross proceeds to the Company are expected to total approximately $4.9 million. These funds will support the completion of the Definitive Feasibility Study (DFS/FEL-3), a transformational milestone for Stardust Power. The DFS will provide detailed engineering, comprehensive capital expenditure estimates, and a clearly defined scope of build for the Company's proposed lithium processing facility in Muskogee, Oklahoma, laying a strong foundation for final investment decision (FID) efforts and bringing the project significantly closer to securing financing for the construction of Phase 1. Aegis Capital Corp. acted as the sole book-running manager for the offering. Thompson Hine LLP acted as counsel to the Company. Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp. A registration statement on Form S-1 (No. 333-287939) previously filed with the U.S. Securities and Exchange Commission (the 'SEC') on June 11, 2025 was declared effective by the SEC on June 16, 2025. The offering was made only by means of a prospectus. A final prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at Electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@ or by telephone at +1 (212) 813-1010. Before investing in this offering, interested parties should read in their entirety the prospectus, which provides more information about the Company and such offering. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Stardust Power Inc. Stardust Power is a developer of battery-grade lithium products designed to bolster America's energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium processing facility in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol 'SDST.' Forward-Looking Statements The foregoing material may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company's product development and business prospects, and can be identified by the use of words such as 'may,' 'will,' 'expect,' 'project,' 'estimate,' 'anticipate,' 'plan,' 'believe,' 'potential,' 'should,' 'continue' or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans, including, but not limited to, the Company's ability to timely complete the DFS/FEL. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. For Investors:Johanna Media:Michael Thompsonmedia@
IOL News
12-06-2025
- Business
- IOL News
Southern Palladium secures A$8m to fast-track Bengwenyama mine development
Southern Palladium said on Thursday it had raised A$8 million (R93m) in a share placement to accelerate development of its Bengwenyama platinum group metals (PGM) project in South Africa. Image: AFP Southern Palladium said on Thursday it had raised A$8 million (R93m) in a share placement to accelerate development of its Bengwenyama platinum group metals (PGM) project in South Africa. The company issued 16 million new shares at A$0.50 apiece, matching its last closing price on June 6 and representing a 10.5% premium to its 10-day volume-weighted average price (VWAP). No options were attached to the placement. One of the company's largest shareholders provided A$4.6m as a cornerstone investment, with the remainder backed by new and existing institutional investors. Southern Palladium said the funds would support the next phase of its Definitive Feasibility Study (DFS) and staged mine development at Bengwenyama, following recent environmental approval for a Mining Right. "This strategic placement provides the group with targeted funding support at an important juncture as we execute on the transition of Bengwenyama, a tier-one PGM project globally, towards staged mine development,' executive chairman Roger Baxter said in a statement. "In particular, we are pleased to have attracted such strong support from our existing institutional investors, led by a cornerstone investment from one of our largest shareholders, while also attracting new institutional investment - marking a vote of confidence for both the quality of the resource and our stated development strategy for the Bengwenyama PGM project" The company plans to publish an optimised Pre-Feasibility Study (PFS) shortly, incorporating a two-stage development strategy aimed at reducing initial capital costs. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Baxter said the placement would give the company a strong cash runway as it progresses towards early-stage mine development at what he described as 'one of the last premier greenfield PGM opportunities in the Bushveld Complex.' Shares issued under the placement will rank equally with existing shares and be listed on the Australian Securities Exchange. The placement was conducted within the company's existing issuance capacity under ASX Listing Rules 7.1 and 7.1A. BUSINESS REPORT Visit:
Hamilton Spectator
09-05-2025
- Business
- Hamilton Spectator
Orezone Gold Reports Fatality at Stage I Hard Rock Plant Construction Site
VANCOUVER, British Columbia, May 09, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) ('Orezone') regrets to report a fatality at the Stage I hard rock plant construction site at its Bomboré Gold Mine which occurred on Thursday May 8th. This tragic incident involved an employee of a contractor who was fatally injured in a vehicle-related incident. No other persons were injured in the accident. Orezone is working with the relevant authorities and contracting companies involved to fully investigate the incident. Patrick Downey, President & CEO stated, 'As a Company that prioritizes safety and the health of our employees above all else, we are completely devastated by this casualty. Our thoughts and deepest sympathies are with the family, friends and co-workers of our colleague as we offer our full support during this difficult time.' About Orezone Gold Corporation Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A. The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company's website. Patrick Downey President and Chief Executive Officer Kevin MacKenzie Vice President, Corporate Development and Investor Relations Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663 info@ / For further information please contact Orezone at +1 (778) 945 8977 or visit the Company's website at . The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.
