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News.com.au
14-05-2025
- Business
- News.com.au
Who could be the next breakout antimony star?
Antimony prices have surged from US$10,000 in 2023 to ~US$60,000 per tonne today This is due to continued supply constraints exacerbated by China's export ban to the US last year Here are a few companies that could benefit Persistent supply constraints have pushed antimony prices to almost three times their 2023 levels, posing challenges for downstream users but opening the door for explorers whose projects may play a vital role in strengthening Western supply chains. Prices have skyrocketed from US$10,000 in 2023 to ~US$60,000 per tonne today, with China's export ban to the US last year fanning the flames and exacerbating the supply crunch further. China controls the lion's share of global refined antimony supply—and the US alone consumes around 60% of it, highlighting a critical strategic dependency. After China, Russia and Tajikistan rank as the second and third largest antimony producers, accounting for more than 80% of global supply across the three major players. Antimony spans many sectors, but its leading use is as antimony trioxide, primarily as a flame retardant in plastics, textiles, and other materials, which accounts for roughly half of total antimony demand. It is also used in alloy production—particularly in combination with lead. Lead-antimony alloys are used in batteries low-friction metals, small arms, tracer bullets, cable sheathing, and other industrial products. Fastmarkets' Jon Stibbs told Stockhead as a result of the ban, non-Chinese buyers have been forced to seek alternative suppliers of metal and trioxide from Tajikistan, Belgium, Southeast Asia and Bolivia, reconfiguring long-standing trade relationships and freight routes. Adding to the squeeze is the fact that antimony deposits are both geologically rare and difficult to mine at scale, presenting growth opportunities for companies advancing exploration programs and working towards near-term production. Australia's next antimony producer? One company doing exactly that is Larvotto Resources (ASX:LRV) who's recent DFS for the Hillgrove antimony-gold project in NSW highlighted an impressive post-tax NPV of $694m using an 8% discount rate. Among the compelling economics is a forecasted annual EBITDA of $251m and robust after-tax free cash flow of $128 million for 8.2 years. Even better, the initial capital outlay is a lean $133m due to existing infrastructure like power, water, and a partially developed underground network, positioning Hillgrove as a low-risk, high-return opportunity with rapid value realisation. With an ore reserve of 606,000oz grading 6g/t gold equivalent, and more than $150m worth of processing infrastructure in place, the company is targeting yearly output of 40,566oz of gold and 4878t of antimony. The development timeline is also on the fast track with production forecast to start in 2026 as both gold and antimony prices ride high. Set to lead Australia in antimony production, contributing as much as 7% to global supply, Hillgrove elevates Larvotto to the ranks of major international suppliers. But with LRV already rising to a market cap of $280m after taking the crown as 2024's top performing mining stock, we can't help but wonder who is next. Resolution Minerals' strong prospects While it does not yet have a resource proved up to JORC standard, Resolution Minerals' (ASX:RML) Drake East project in NSW sits within a region well-endowed for both gold and the critical mineral antimony. Prospect at the Hedley's and Hensen Hills areas are believed to be part of a large antimony-gold mineral field which extends onto Legacy Minerals Holdings' (ASX:LGM) Drake project area, with early grades there showing up to 30% antimony and 85g/t gold. Resolution's own early sampling has returned peak values of 5.72% antimony, 60.9g/t gold and 214g/t silver from historic workings, and the company has also identified a concentration of placer gold mine workings covering around 135km2 in its Lanikai Alluvial prospect area. The explorer says it has found close to 800 historical workings relating to both antimony and gold prospects thanks to the results of a recent LiDAR survey. RML's antimony exposure also extends to its Neardie project, which hosts three past producing mines and high-grade antimony mineralisation with peak values reaching as much 19.5% Sb. In an interview with Stockhead, RML non-executive director Ari Zaetz said while the company is still in the early to mid-stages of exploration at Drake East, the company remains incredibly excited about the asset's potential. 'The combination of historical data, high-grade potential, and market conditions makes Drake East a flagship opportunity for us,' he said. 'What excites the company most is the high-grade potential, evidenced by nearby Legacy Minerals' rock chip samples bordering the project. 'This proximity to a known high-grade deposit suggests Drake East could be part of a larger, underexplored mineralised system,' Zaetz added. From an antimony price perspective, he sees no reason why they wouldn't continue rising in the short to medium term, if not longer. 'The importance of antimony in the modern world cannot be overstated,' he said. 'Antimony is probably the most important 'war metal' and is classed as a critical mineral with military significance. 'There is no replacement for it as an ingredient in manufacture of armor-piercing ammunition, artillery, military electronics such as night vision goggles, military-use batteries, flame retardants in military equipment, radar systems circuitry and so on." As Zaetz is quick to point out, global geopolitics suggests military spending is on course to increase. 'Escalating war in Ukraine, Middle East, India & Pakistan, China-Taiwan tension, China-USA politics is now well into Cold War 2.0 territory, which is further exacerbated by the US-China trade war and highly concentrated supply," he said. 'Planets have all aligned so there is no way for prices to go but up, and this will continue given none of these issues have an easy, simple or short solution.' Larvotto is not the only junior whose share price has been set alight by antimony success. It is a major component of Southern Cross Gold's (ASX:SX2) Sunday Creek discovery in Victoria, while Warriedar Resources (ASX:WA8) is up 57% over the past month after announcing what it called Australia's largest open pit antimony resource at its Ricciardo deposit in WA, clocking in at 12.2 Mt at 0.5% Sb for 60,300t of antimony. Resolution and a number of other earlier stage antimony explorers could be on track to repeat those successes. Nascent stage antimony explorers Over at iTech Minerals' (ASX:ITM) Reynolds Range project in the NT, rock chip sampling results last year returned up to 22% antimony at the Sabre and Falchion prospects. So far, the company's work has been highly encouraging, revealing significant antimony mineralisation and a strong correlation with previously identified low sulphidation epithermal gold systems. ITM has executed a contract with GAP Geophysics to start several induced polarisation and moving loop electromagnetic surveys over the high priority targets in May, with results to drive ongoing drill targeting and planning. Koonenberry Gold (ASX:KNB) recently expanded its gold and antimony prospectivity with the acquisition of the Enmore project in northeastern NSW. The project boasts historical soil sampling results of up to 91ppb gold and 663ppm antimony – the highest antimony results on the licenced area to date – as well as favourable geology and structural trends similar to that of Larvotto. In January Sierra Nevada Gold (ASX:SNX) uncovered early evidence of antimony mineralisation at the Blackhawk epithermal project in Nevada after RC drilling returned a 4.88m intersection featuring 0.4% antimony from 87.78m. Trigg Minerals (ASX:TMG) also has a bevy of antimony prospects across its New South Wales project portfolio with hundreds of historic gold and antimony workings to explore. Those include its flagship Wild Cattle Creek deposit, which contains a current 1.52Mt resource at 1.97% Sb. There could be more to add to that as exploration progresses. Historical back sampling of shallow drilling from the Wild Cattle Creek dataroom revealed an average result of 4.83% antimony from areas omitted from Trigg's 2024 resource. The assays were part of the previous resource estimate compiled by the historical owners, presenting an opportunity to improve the asset in terms of grade, scale, and overall confidence.
Associated Press
12-05-2025
- Business
- Associated Press
Fastmarkets expands carbon intelligence to empower decarbonization in commodity markets
LONDON, May 12, 2025 /PRNewswire/ -- Fastmarkets, a leading price-reporting agency and global market intelligence provider for metals, forest products and agriculture, has launched a new carbon offering to help businesses tackle the expanding demands of decarbonization and its implications for commodity markets. With global decarbonization commitments accelerating and regulatory measures such as the EU's Carbon Border Adjustment Mechanism (CBAM) coming into force, managing carbon exposure has become a critical priority for industries worldwide. Fastmarkets' new carbon offering provides powerful tools, including carbon credit pricing, market insights and regulatory analysis, to help businesses meet their climate goals while navigating this dynamic landscape. 'Decarbonization is no longer a future goal — it is a critical business priority today,' said Raju Daswani, CEO of Fastmarkets. 'We're excited to launch a comprehensive carbon market offering that equips industries to thrive in a low-carbon economy. By integrating reliable pricing, in-depth market intelligence and regulatory insights, we empower our customers to navigate uncertainty and transform it into a competitive advantage.' The launch introduces two key products that set new standards for carbon market intelligence: 'Our goal at Fastmarkets is simple – to cut through the market noise and deliver insights that genuinely help businesses stay competitive,' said Stuart Evans, chief economist and head of environmental markets at Fastmarkets. 'With our rigorous methodologies, market forecasts and deep market expertise, we're equipping companies to manage their carbon priorities with confidence while navigating this period of significant growth and change in exposures.' The new carbon service is designed to empower industries to capture opportunities from monetizing carbon and to mitigate the impacts of climate policies. This includes helping forestry and agriculture market participants generate new revenue streams from emerging carbon credit and removal markets, and working with aluminium, steel and alloys manufacturing to mitigate their CBAM exposure. Fastmarkets combines decades of expertise in the metals, forest products and agricultural sectors to provide customers with high-value analytics and pricing data, delivering granular market insights and solutions targeted to specific industry needs. From May 12, businesses can access these cutting-edge carbon services through an API-friendly platform, custom dashboards and weekly analytical reports crafted to meet individual operational needs. To learn more about Fastmarkets' carbon capability, visit or contact the media team at [email protected]. About Fastmarkets Fastmarkets is an industry-leading PRA and information provider for the agriculture, forest products, metals, carbon and energy transition commodities markets. Fastmarkets serves its customers with commodity benchmark prices and assessments, forecasts, analytics, insights, news and events. Its data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management. Fastmarkets is a global business with a history dating from 1865 and is built on trust and deep market expertise. It has more than 750 employees spread across several global locations, including the UK, US, China, Singapore, Brazil, Bulgaria, Belgium, Ukraine and Finland. Fastmarkets is a privately held UK-registered company owned by its shareholders and Astorg, a European private equity firm. View original content to download multimedia: SOURCE Fastmarkets
News.com.au
22-04-2025
- Business
- News.com.au
High Voltage: Lithium rebound could be on the cards and these North American players are getting ready
Analysts predict lithium supply deficit next year will see aggressive turnaround in price PLS CEO says pricing will move upwards, but the question is when These North American developers could be poised to catch the upswing Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. Analysts from Fastmarkets and Argonaut are predicting a possible lithium supply deficit much sooner than others have anticipated. Argonaut's head of research Hayden Bairstow is among the voices tipping an earlier return to balance in the oversupplied lithium market, saying the risk of a big run up in spodumene concentrate prices next year was emerging. 'It's actually largely demand related. I think that you're seeing EV sales running at 20% growth all of the last year,' he told Stockhead's Josh Chiat earlier this month. 'They've popped back up to ~35% for the first two months on average, so there's a stronger EV sales growth rate already. 'Battery storage is just growing in importance. It was up 60% last year, it's still running at 40% this year, albeit off a much higher base. 'When you've got those sort of demand numbers running, it won't be long before a) the market swings from surplus to deficit, but b) then gets into a panic again, and you'll see an aggressive move in pricing.' Argonaut is not alone in seeing the lithium supply-demand nexus shift back into balance around the end of 2025. Price agency Fastmarkets thinks a 154,000t LCE surplus in 2024 will swing to a 10,000t surplus this year and 1500t deficit in 2026. If that happens, a supply shock could leave lithium prices susceptible to a volatile price spike. Pilbara Minerals (ASX:PLS) managing director and CEO Dale Henderson said in the company's results call on Thursday that it's reasonable to assume pricing will move upwards, but the big question is when. 'Historically, the lithium market has tended to respond rapidly and catch the market by surprise,' he said. Despite producing less spodumene in the March quarter (due to the Ngungaju plant being on care and maintenance and the impact of tropical cyclone Zelia) the company reported a 7% increase in prices to approximately US$747/t (CIF China) on a ~SC5.3 basis with sales of ~125,500t. And on the demand side, Henderson remains bullish, pointing to EV sales which have started the year very strongly, with sales for March up an estimated 29% year-on-year – along with strong demand for battery storage. 'Forecasts indicate demand is expected to grow by 89% between now and the end of the decade, a compelling signal of the sector's underlying strength,' Henderson said. These North American developers could be ready to run The future recovery of the lithium market is set to throw the spotlight on new and emerging markets as supply runs short of future demand. One of those is in North America, where the fall in lithium prices a couple of years ago halted momentum in Canada becoming a major supplier. But the next cycle could usher in the full arrival of the country's lithium sector. And these companies which have worked tirelessly through the downturn could be in line to enjoy the fruits of their labour. Lithium Universe (ASX:LU7) In Feb, the company revealed the results on its definitive feasibility study for the proposed Bécancour lithium carbonate refinery in Quebec, Canada, which reflected a cautious price forecast of US$1170 per tonne (AUD$1840) for spodumene concentrate and $20,970/t for battery-grade lithium carbonate equivalent. That's not that far above current, suppressed, lithium prices. At full production capacity, the project is expected to generate $383m in annual revenue with costs totalling ~$236m leading to an annual EBITDA of ~$148m and a gross margin of 39%. The capital cost for the project, which boasts an annual capacity of up to 18,270t, is estimated at $549m with the latest update including a zero liquid discharge system to enable the recycling and reuse of all process water on site. A full-rate payback period of 3.9 years has also been estimated along with a post-tax NPV at an 8% discount of US$449m (AUD$706.9m), IRR of 21% and expected revenue of $383m. Lithium Universe said the project's economics demonstrate the viability of a strong lithium conversion refinery, even within a below-average pricing environment. The project is now proceeding to the funding stage, with encouraging discussions taking place with various banks and debt providers. Green Technology Metals (ASX:GT1) Also in Canada, the company's Root project is shaping up as another key player, with an optimised Preliminary Economic Assessment (PEA) highlighting stronger economics despite recent market dynamics. Given fluctuating price predictions and volatile market analysis, the company looked at several different forecasts to assess an average price over the production period – settling on an average annual spodumene concentrate price of US $1977/t FOB Thunder Bay for a 5.5% Li2O spodumene concentrate (SC5.5) product. In addition, GT1 evaluated Root as a standalone project for this PEA as opposed to the December 2023 PEA which combined the Root project with the Seymour project and considered the recently updated resource of 20.1Mt at 1.24% Li2O. The study updated pit optimisations for the Root, Root Bay and McCombe deposits to US$400-2000, below the US$2500/t pit shells in the 2023 PEA. Open pit and underground development options were considered for Root Bay and McCombe to reduce waste movements and mining costs, whilst preserving opportunities for future growth. The company also increased mining and processing inventories adding eight months to the operational life of the project. The next steps will be advancing permitting in parallel with a pre-feasibility study. A definitive feasibility study is slated to follow in 2026. Jindalee Lithium (ASX:JLL) The company's McDermitt project is neighbours with the Thacker Pass lithium mine, also in Nevada, which reached a final investment decision (FID) for the first phase of construction in recent weeks. It is a joint venture between Lithium Americas Corporation and US automaker General Motors and is set to exploit a large lithium resource to produce battery grade lithium carbonate, becoming the largest US producer by an order of magnitude when Phase 1 is completed in late 2027. ioneer (ASX:INR) INR owns the Rhyolite Ridge lithium-boron project in Nevada and secured approval from the US Bureau of Land Management on the Final Environmental Impact Statement (EIS) last year, marking the final hurdle in the federal permitting process. In a record-setting deal for an Australian company, ioneer received a $US996m ($1.6b) 20-year loan from the US Department of Energy to develop an on-site processing facility at the project. The company lifted resources at the asset by 45% in March to 510Mt containing 3.97Mt of lithium carbonate equivalent and 14.66Mt of boric acid equivalent, which will be the first new lithium mine in the US in almost 60 years and the first new boron mine in almost 100. Ioneer copped a hit however, when its proposed partner Sibanye-Stillwater decided not to proceed with a JV and project equity funding agreement. American explorers also well placed for price upswing On the exploration side, Chariot Corporation (ASX:CC9) has stakes in both hard rock and clay-hosted lithium assets in Wyoming, Nevada and Oregon. The company is focused on its Black Mountain mine, exploring for a large-scale resource and testing the viability of a pilot mine. The pilot's proposed modular plant design would reduce upfront costs, offer flexibility to scale up rapidly, and provide short-term cash flow. A second phase RC drilling program kicked off back in November with the objective of defining a small-scale lithium resource that may support the establishment of the pilot mine. There's also Anson Resources (ASX:ASN) with its Paradox Basin lithium asset, situated on 2,34 federal placer mineral claims which recently received approval from the USA Department of the Interior, Bureau of Land Management to begin western expansion resource drilling. The company plans to enter the Mineral Canyon Fed 1-3 and Sunburst 1 wells to expand its current 1Mt lithium carbonate equivalent (LCE) resource. Meanwhile, work is progressing at the DLE Green River pilot plant in Utah, 50km from Paradox, which reached a >99% average rejection rate of impurities including sodium, calcium, magnesium and potassium. Rejecting more than 99% of impurities paves the way for a higher purity lithium carbonate product for use in electric vehicle batteries, which translates to low purification costs. 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% 19900% $17,528,272 SRL Sunrise 0.71 163% 209% 97% -3% $64,061,524 ASM Ausstratmaterials 0.635 81% 72% 3% -56% $115,151,333 REE Rarex Limited 0.036 80% 300% 177% 125% $28,830,450 MEI Meteoric Resources 0.11 72% 55% 16% -51% $257,054,906 MTM MTM Critical Metals 0.23 70% 64% 132% 379% $105,495,923 ENV Enova Mining Limited 0.008 60% 0% 0% -53% $11,308,006 AR3 Austrare 0.115 60% 52% -19% -10% $18,283,819 AUZ Australian Mines Ltd 0.011 57% 22% 22% -8% $15,383,633 NTU Northern Min Ltd 0.037 54% 95% 85% 9% $309,214,765 WMG Western Mines 0.175 52% 82% -20% -45% $15,811,835 LRV Larvottoresources 0.905 52% 8% 141% 928% $372,162,365 EMN Euromanganese 0.31 51% 72% 29% -28% $12,707,404 PSC Prospect Res Ltd 0.15 50% 43% 67% 7% $85,899,447 SGQ St George Min Ltd 0.025 47% 25% -7% 39% $66,695,561 WCN White Cliff Min Ltd 0.019 46% 19% -17% 19% $36,013,944 ARN Aldoro Resources 0.52 44% 63% 632% 550% $92,254,336 M24 Mamba Exploration 0.013 44% 8% 8% -52% $3,837,153 ETM Energy Transition 0.075 42% -9% 226% 92% $116,265,651 TKM Trek Metals Ltd 0.065 41% 141% 117% 41% $33,911,986 PEK Peak Rare Earths Ltd 0.14 40% 33% -24% -33% $49,293,176 AKN Auking Mining Ltd 0.007 40% 17% 40% -63% $4,023,451 NWM Norwest Minerals 0.014 40% 17% -22% -73% $6,791,673 PEK Peak Rare Earths Ltd 0.14 40% 33% -24% -33% $49,293,176 WIN WIN Metals 0.018 38% -10% -61% -57% $9,901,046 NVA Nova Minerals Ltd 0.335 37% 14% 68% 14% $108,103,635 DRE Dreadnought Resources Ltd 0.015 36% 7% -17% -17% $70,047,500 PBL Parabellumresources 0.05 35% 28% 0% -7% $3,115,000 COB Cobalt Blue Ltd 0.07 35% 1% -20% -50% $30,763,131 FLG Flagship Min Ltd 0.059 34% 34% -6% -63% $12,012,059 SLZ Sultan Resources Ltd 0.008 33% 14% 33% -27% $1,851,759 AX8 Accelerate Resources 0.008 33% 14% 0% -80% $6,297,510 KGD Kula Gold Limited 0.008 33% 100% 21% -6% $7,370,029 CRR Critical Resources 0.004 33% 0% -43% -67% $9,856,885 EUR European Lithium Ltd 0.053 33% 13% 43% -16% $76,594,618 ESR Estrella Res Ltd 0.029 32% 4% 107% 427% $59,506,169 TOR Torque Met 0.097 31% -2% 24% -31% $26,157,401 IPX Iperionx Limited 2.82 29% -11% -18% 33% $900,034,048 RXL Rox Resources 0.42 29% 25% 211% 111% $255,837,055 IXR Ionic Rare Earths 0.009 29% 29% -10% -50% $47,145,855 WC8 Wildcat Resources 0.18 29% -3% -52% -64% $242,022,319 ASO Aston Minerals Ltd 0.018 29% 0% 80% 50% $23,311,157 SRI Sipa Resources Ltd 0.014 27% 17% -13% -30% $5,829,577 EV1 Evolutionenergy 0.014 27% -13% -71% -82% $5,077,107 CHN Chalice Mining Ltd 1.045 26% -24% -36% -20% $406,532,993 DVP Develop Global Ltd 2.59 26% -12% 5% 26% $706,150,237 BC8 Black Cat Syndicate 1.03 26% 26% 84% 296% $710,263,011 VRC Volt Resources Ltd 0.005 25% 11% 0% 0% $23,423,890 IPT Impact Minerals 0.005 25% -29% -56% -71% $18,513,316 MQR Marquee Resource Ltd 0.01 25% -9% -38% -33% $4,854,805 BYH Bryah Resources Ltd 0.005 25% 0% 25% -50% $4,349,768 CTN Catalina Resources 0.0025 25% -33% -33% -33% $4,159,399 LNR Lanthanein Resources 0.0025 25% 0% -17% -38% $6,109,090 LNR Lanthanein Resources 0.0025 25% 0% -17% -38% $6,109,090 ARU Arafura Rare Earths 0.19 23% 15% 12% 3% $468,222,451 INR Ioneer Ltd 0.14 22% -13% -40% -32% $329,794,152 GBR Greatbould Resources 0.09 22% 25% 80% 36% $68,429,557 PMT Patriotbatterymetals 0.235 21% -22% -46% -69% $130,330,086 LLI Loyal Lithium Ltd 0.074 19% -13% -41% -75% $7,454,247 SUM Summitminerals 0.05 19% -21% -73% -44% $4,356,399 NIC Nickel Industries 0.505 19% -23% -47% -42% $2,191,667,617 CAE Cannindah Resources 0.057 19% -21% 24% 6% $41,500,557 NH3 Nh3Cleanenergyltd 0.026 18% 30% 18% 37% $14,679,724 HAS Hastings Tech Met 0.325 18% 3% 12% -12% $61,381,494 CTM Centaurus Metals Ltd 0.39 18% 3% -21% 3% $193,713,473 SYR Syrah Resources 0.23 18% -18% -16% -51% $239,716,307 SYR Syrah Resources 0.23 18% -18% -16% -51% $239,716,307 MEK Meeka Metals Limited 0.165 18% 14% 162% 371% $414,936,666 MAN Mandrake Res Ltd 0.02 18% 5% -26% -41% $12,545,198 WR1 Winsome Resources 0.2 18% -26% -63% -84% $48,778,690 CNB Carnaby Resource Ltd 0.27 17% -13% -24% -52% $61,664,992 ARL Ardea Resources Ltd 0.44 17% 10% 0% -41% $87,860,483 NVX Novonix Limited 0.38 17% -16% -53% -61% $241,701,157 RNU Renascor Res Ltd 0.056 17% 27% -28% -33% $142,414,469 BNR Bulletin Res Ltd 0.063 17% 50% 50% 19% $18,497,639 ODE Odessa Minerals Ltd 0.007 17% 17% 40% 40% $11,196,728 REC Rechargemetals 0.014 17% -7% -60% -68% $3,590,860 FRB Firebird Metals 0.092 16% 0% -16% -32% $13,097,249 RAG Ragnar Metals Ltd 0.022 16% 22% 5% 16% $10,427,692 ASL Andean Silver 0.965 16% -13% -16% 117% $153,216,674 MIN Mineral Resources. 16.61 15% -24% -66% -76% $3,264,174,012 FRS Forrestaniaresources 0.039 15% 44% 225% 117% $10,235,724 PLL Piedmont Lithium Inc 0.096 14% -17% -53% -56% $59,698,349 MRR Minrex Resources Ltd 0.008 14% 14% -6% -38% $8,678,940 GSM Golden State Mining 0.008 14% -11% -20% -27% $2,234,965 SRZ Stellar Resources 0.016 14% -6% -11% -20% $33,276,009 TLG Talga Group Ltd 0.445 14% 2% 24% -41% $191,274,387 DYM Dynamicmetalslimited 0.33 14% -11% 65% 83% $16,197,832 STK Strickland Metals 0.091 14% 1% 21% -24% $200,874,742 MHK Metalhawk. 0.415 14% -1% 144% 538% $50,357,164 ILU Iluka Resources 3.57 14% -13% -44% -50% $1,533,893,529 SYA Sayona Mining Ltd 0.017 13% -15% -53% -51% $196,236,032 AM7 Arcadia Minerals 0.017 13% -15% -53% -83% $1,995,518 ARR American Rare Earths 0.305 13% 11% 7% 9% $154,764,106 AQD Ausquest Limited 0.053 13% 26% 563% 398% $71,412,526 LML Lincoln Minerals 0.0045 13% -10% -25% -44% $9,253,168 G88 Golden Mile Res Ltd 0.009 13% 0% -31% -31% $4,898,231 RR1 Reach Resources Ltd 0.009 13% 13% -18% -10% $7,869,882 OCN Oceanalithiumlimited 0.027 13% 13% -24% -42% $3,712,402 TAR Taruga Minerals 0.009 13% 0% -18% 29% $6,354,241 RR1 Reach Resources Ltd 0.009 13% 13% -18% -10% $7,869,882 KTA Krakatoa Resources 0.009 13% 13% -10% -31% $5,581,206 1AE Auroraenergymetals 0.045 13% 5% 15% -52% $8,057,868 MHC Manhattan Corp Ltd 0.018 13% 0% -55% -46% $4,228,180 PAT Patriot Lithium 0.057 12% 36% 10% -43% $7,205,824 CY5 Cygnus Metals Ltd 0.087 12% -24% 9% 6% $73,909,255 VMC Venus Metals Cor Ltd 0.1 11% -17% 79% 3% $19,612,868 AS2 Askarimetalslimited 0.01 11% 0% -64% -80% $2,776,340 SCN Scorpion Minerals 0.02 11% 5% 54% -13% $10,234,124 GT1 Greentechnology 0.04 11% 0% -56% -67% $15,550,084 GRL Godolphin Resources 0.01 11% -23% -33% -67% $4,488,733 LCY Legacy Iron Ore 0.01 11% 0% -20% -35% $97,620,426 LTR Liontown Resources 0.515 11% -20% -38% -56% $1,250,146,397 LOT Lotus Resources Ltd 0.155 11% -9% -43% -63% $366,211,051 SMX Strata Minerals 0.031 11% -37% 24% 29% $7,568,604 NWC New World Resources 0.021 11% 5% 0% -45% $74,366,916 WA1 Wa1Resourcesltd 10.83 10% -19% -22% -32% $733,361,854 AXN Alliance Nickel Ltd 0.032 10% 0% -18% -11% $23,226,868 VUL Vulcan Energy 4.28 10% 2% -14% 41% $931,220,230 LKE Lake Resources 0.033 10% -3% -40% -43% $59,503,943 STM Sunstone Metals Ltd 0.011 10% 57% 57% -27% $65,501,190 IDA Indiana Resources 0.08 10% 8% 53% 82% $51,418,597 KNG Kingsland Minerals 0.115 10% -4% -43% -48% $8,344,505 TVN Tivan Limited 0.105 9% 19% 119% 110% $210,808,386 KFM Kingfisher Mining 0.048 9% -11% -26% -38% $2,578,320 IGO IGO Limited 3.4 9% -15% -37% -53% $2,574,710,564 PLS Pilbara Min Ltd 1.37 9% -25% -49% -64% $4,408,564,108 LYC Lynas Rare Earths 8.36 9% 13% 8% 37% $7,814,244,027 FTL Firetail Resources 0.05 9% -17% -60% 54% $19,001,399 CXO Core Lithium 0.065 8% -14% -41% -54% $139,296,010 LM1 Leeuwin Metals Ltd 0.195 8% 63% 141% 175% $19,657,245 OMH OM Holdings Limited 0.34 8% 8% -11% -28% $260,527,312 PNN Power Minerals Ltd 0.07 8% -7% -33% -46% $7,969,841 EMC Everest Metals Corp 0.145 7% -6% 4% 32% $32,448,656 PTR Petratherm Ltd 0.225 7% -14% 350% 800% $77,763,323 PFE Pantera Lithium 0.015 7% -17% -46% -59% $7,106,755 JLL Jindalee Lithium Ltd 0.235 7% 15% 2% -64% $17,294,085 PUR Pursuit Minerals 0.047 7% -36% -69% -81% $4,687,496 BSX Blackstone Ltd 0.064 7% 12% 105% 9% $43,298,789 VR8 Vanadium Resources 0.016 7% -11% -66% -64% $9,028,670 ITM Itech Minerals Ltd 0.048 7% 0% -31% -35% $8,200,099 FBM Future Battery 0.017 6% -11% -6% -69% $11,369,701 LSR Lodestar Minerals 0.017 6% 55% -15% -47% $5,413,205 RAS Ragusa Minerals Ltd 0.017 6% -19% 6% -23% $2,424,179 S32 South32 Limited 2.67 6% -24% -27% -19% $12,048,995,756 AGY Argosy Minerals Ltd 0.018 6% -22% -53% -86% $26,206,577 GED Golden Deeps 0.018 6% -14% -42% -60% $3,188,263 GCM Green Critical Min 0.009 6% -18% 200% 125% $17,655,105 QPM QPM Energy Limited 0.037 6% -23% 0% 6% $93,435,731 BHP BHP Group Limited 36.07 6% -7% -17% -20% $183,091,039,916 AAJ Aruma Resources Ltd 0.0095 6% -14% -44% -50% $2,109,553 EGR Ecograf Limited 0.295 5% 90% 251% 64% $133,968,887 BKT Black Rock Mining 0.02 5% 0% -57% -69% $29,388,798 MLS Metals Australia 0.02 5% -5% -17% -13% $14,574,390 LIN Lindian Resources 0.1 5% 4% 1% -33% $115,317,224 ABX ABX Group Limited 0.04 5% 14% -2% -38% $10,011,738 DM1 Desert Metals 0.02 5% -5% -38% -23% $6,516,412 KZR Kalamazoo Resources 0.081 5% 4% -4% -18% $16,960,875 VTM Victory Metals Ltd 0.415 5% 1% 22% 60% $45,443,626 HAW Hawthorn Resources 0.044 5% 2% -24% -38% $14,740,687 KM1 Kalimetalslimited 0.09 5% 15% -47% -78% $7,140,706 A8G Australasian Metals 0.069 5% -8% -43% 8% $3,994,391 S2R S2 Resources 0.096 4% 43% 25% -29% $43,474,367 VHM Vhmlimited 0.24 4% -6% -47% -52% $52,115,988 SLM Solismineralsltd 0.081 4% 0% 0% -26% $7,980,975 TMB Tambourahmetals 0.028 4% -15% -7% -57% $3,292,521 ADV Ardiden Ltd 0.145 4% 0% 7% -6% $9,065,038 JMS Jupiter Mines. 0.145 4% -12% -15% -44% $284,351,055 RVT Richmond Vanadium 0.15 3% -3% -55% -55% $33,275,000 DLI Delta Lithium 0.16 3% -3% -35% -41% $114,646,687 PGD Peregrine Gold 0.175 3% 46% 3% -19% $14,848,355 KAI Kairos Minerals Ltd 0.0195 3% 3% 50% 50% $51,302,788 CHR Charger Metals 0.041 3% -9% -51% -61% $3,174,230 E25 Element 25 Ltd 0.215 2% -12% -33% -9% $49,151,666 ZNC Zenith Minerals Ltd 0.05 2% 4% 4% -48% $20,372,071 NMT Neometals Ltd 0.055 2% -17% -41% -56% $42,318,380 QXR Qx Resources Limited 0.003 0% -25% -40% -80% $3,930,987 AZL Arizona Lithium Ltd 0.006 0% -33% -65% -75% $27,370,887 RIL Redivium Limited 0.004 0% 0% 0% 33% $13,609,422 LPD Lepidico Ltd 0.002 0% 0% -33% -20% $17,178,371 MRD Mount Ridley Mines 0.0025 0% -17% -75% -75% $1,946,223 CZN Corazon Ltd 0.002 0% -20% -50% -80% $2,369,145 RLC Reedy Lagoon Corp. 0.002 0% 0% 0% -50% $1,553,413 CLA Celsius Resource Ltd 0.007 0% -13% -42% -42% $20,352,998 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 QEM QEM Limited 0.051 0% -22% -48% -65% $9,732,518 SBR Sabre Resources 0.006 0% -14% -54% -67% $2,357,772 EVG Evion Group NL 0.018 0% 0% -40% -28% $7,828,559 TKL Traka Resources 0.001 0% 0% 0% -50% $2,125,790 JRV Jervois Global Ltd 0.011 0% 0% -21% -52% $29,730,402 ADD Adavale Resource Ltd 0.002 0% 0% 0% -67% $4,574,558 VML Vital Metals Limited 0.003 0% 50% 50% -40% $17,685,201 AVL Aust Vanadium Ltd 0.011 0% -8% -31% -31% $94,981,239 GL1 Globallith 0.175 0% -3% -27% -61% $45,803,122 LEL Lithenergy 0.37 0% 0% -8% -31% $41,440,581 RMX Red Mount Min Ltd 0.007 0% -22% -22% -53% $3,254,705 1MC Morella Corporation 0.02 0% 5% -35% -80% $6,605,310 MRC Mineral Commodities 0.026 0% 0% 0% 0% $25,596,288 BMM Bayanminingandmin 0.036 0% -14% -23% -38% $3,462,820 AML Aeon Metals Ltd. 0.005 0% 0% 0% 0% $5,482,003 WKT Walkabout Resources 0.095 0% 0% -4% -17% $63,769,838 TON Triton Min Ltd 0.005 0% 0% -50% -58% $7,841,944 CNJ Conico Ltd 0.007 0% 0% -30% -53% $1,662,411 BOA BOA Resources Ltd 0.018 0% 6% -14% -40% $2,220,351 EVR Ev Resources Ltd 0.005 0% 11% 36% -32% $9,929,183 EFE Eastern Resources 0.026 0% -12% -48% -68% $3,278,339 EMS Eastern Metals 0.01 0% 0% -57% -71% $1,136,762 IMI Infinitymining 0.013 0% 8% -48% -81% $5,499,205 TEM Tempest Minerals 0.005 0% 0% -38% -42% $3,172,649 OB1 Orbminco Limited 0.001 0% -33% -60% -73% $2,166,590 KOR Korab Resources 0.008 0% 0% 0% -20% $2,936,400 CMX Chemxmaterials 0.026 0% 0% -32% -38% $3,354,580 NC1 Nicoresourceslimited 0.075 0% -9% -35% -42% $8,227,543 ENT Enterprise Metals 0.002 0% -33% -50% -33% $2,356,635 RBX Resource B 0.028 0% -22% -20% -30% $3,225,166 EMT Emetals Limited 0.003 0% 0% -25% -40% $2,550,000 PNT Panthermetalsltd 0.015 0% -6% -53% -37% $4,513,568 RGL Riversgold 0.0045 0% 0% 50% -36% $7,576,707 THR Thor Energy PLC 0.01 0% -17% -38% -52% $7,107,898 YAR Yari Minerals Ltd 0.004 0% -20% 14% -33% $1,929,431 LPM Lithium Plus 0.057 0% -7% -58% -56% $7,571,880 CLZ Classic Min Ltd 0.001 0% 0% 0% -89% $1,544,026 CRI Criticalim 0.013 0% -24% 8% -52% $34,949,832 AOA Ausmon Resorces 0.002 0% 0% -20% -33% $2,622,427 BCA Black Canyon Limited 0.06 0% -2% -10% -40% $7,779,042 BUR Burleyminerals 0.044 0% -24% -37% -6% $6,616,322 L1M Lightning Minerals 0.06 0% -18% -13% -20% $6,199,699 OM1 Omnia Metals Group 0.009 0% -88% -88% -88% $1,953,825 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.003 0% 0% -45% -70% $7,248,923 WSR Westar Resources 0.005 0% -50% -44% -65% $1,993,624 LU7 Lithium Universe Ltd 0.006 0% -25% -68% -79% $4,715,878 TMX Terrain Minerals 0.003 0% -25% -14% -25% $6,010,670 FIN FIN Resources Ltd 0.005 0% -17% -17% -72% $3,246,344 RON Roninresourcesltd 0.17 0% -13% 42% 55% $6,863,752 ASR Asra Minerals Ltd 0.003 0% 0% -33% -57% $7,119,380 ATM Aneka Tambang 0.98 -2% -2% 1% -11% $1,277,576 ASN Anson Resources Ltd 0.059 -2% 11% -22% -49% $81,817,456 AXE Archer Materials 0.26 -2% -10% 8% -45% $66,260,223 GW1 Greenwing Resources 0.04 -2% 33% -29% -40% $9,626,059 INF Infinity Lithium 0.0195 -3% -15% -43% -70% $9,215,546 DEV Devex Resources Ltd 0.07 -3% -15% -50% -76% $30,918,347 KOB Kobaresourceslimited 0.048 -4% -17% -56% -60% $7,610,957 GAL Galileo Mining Ltd 0.115 -4% -15% -18% -57% $22,726,867 AZI Altamin Limited 0.023 -4% -8% -30% -48% $13,213,567 FGR First Graphene Ltd 0.04 -5% -13% -9% -34% $29,966,850 PGM Platina Resources 0.02 -5% 0% -9% -26% $12,463,607 BUX Buxton Resources Ltd 0.0235 -6% -6% -64% -80% $6,272,367 LEG Legend Mining 0.0075 -6% -25% -42% -46% $21,821,079 IG6 Internationalgraphit 0.045 -6% -8% -30% -71% $8,710,125 MLX Metals X Limited 0.5 -7% -25% 16% 11% $443,195,769 KNI Kunikolimited 0.135 -7% 0% -16% -47% $11,734,776 CMO Cosmometalslimited 0.013 -7% -13% -34% -69% $3,627,030 CWX Carawine Resources 0.09 -7% -14% -8% -18% $21,251,290 WC1 Westcobarmetals 0.012 -8% -25% -47% -75% $2,149,878 HRE Heavy Rare Earths 0.023 -8% 0% -35% -31% $4,784,779 FG1 Flynngold 0.022 -8% 0% -24% -51% $7,066,868 CDT Castle Minerals 0.055 -8% -8% -54% -69% $6,380,526 LMG Latrobe Magnesium 0.01 -9% -23% -69% -80% $25,485,374 EMH European Metals Hldg 0.205 -11% 8% -7% -38% $42,526,165 LIT Livium Ltd 0.008 -11% -11% -64% -72% $13,428,627 PVT Pivotal Metals Ltd 0.008 -11% 14% -20% -60% $7,257,807 DTM Dart Mining NL 0.004 -11% 0% -71% -88% $2,751,056 EG1 Evergreenlithium 0.053 -12% -34% -24% -47% $10,312,650 GRE Greentechmetals 0.06 -12% 3% -56% -76% $6,728,549 A11 Atlantic Lithium 0.15 -12% -12% -51% -58% $103,972,097 GLN Galan Lithium Ltd 0.105 -13% -5% -22% -72% $88,200,977 ICL Iceni Gold 0.06 -13% -24% 46% 131% $18,473,129 OD6 Od6Metalsltd 0.026 -13% -7% -24% -64% $4,140,389 BM8 Battery Age Minerals 0.051 -14% -16% -56% -49% $6,075,673 MOH Moho Resources 0.003 -14% -40% -57% -40% $2,192,624 M2R Miramar 0.003 -14% 0% -57% -74% $2,990,470 ANX Anax Metals Ltd 0.006 -14% -25% -57% -78% $5,296,845 ALY Alchemy Resource Ltd 0.005 -17% -29% -38% -29% $5,890,381 PVW PVW Res Ltd 0.013 -19% -13% -43% -46% $2,585,762 AVW Avira Resources Ltd 0.006 -25% -33% -70% -70% $1,098,676 PRL Province Resources 0 -100% -100% -100% -100% $0 POS Poseidon Nick Ltd 0 -100% -100% -100% -100% $23,380,727 LRS Latin Resources Ltd 0 -100% -100% -100% -100% $477,661,711 CAI Calidus Resources 0 -100% -100% -100% -100% $93,678,206
Business Wire
21-04-2025
- Business
- Business Wire
Leading Global Battery Expert Kenneth Hoffman to Join Pure Lithium as Special Advisor
BOSTON--(BUSINESS WIRE)--Pure Lithium Corporation, a disruptive Boston-based vertically integrated lithium metal battery technology company, announces that Kenneth Hoffman (CFA, CIM) will join the company as a Special Advisor, leveraging his vast experience across the battery value chain to advance our drive towards full commercialization. Mr. Hoffman, who was previously Global Head of Battery Materials at McKinsey, will be a crucial asset for Pure Lithium's commercialization strategy and development of partnerships. Working directly with Pure Lithium CEO Emilie Bodoin, he will bring a deep understanding of batteries and a unique ability to connect market dynamics with operational decision making that will be invaluable for Pure Lithium. Pure Lithium Founder and CEO Emilie Bodoin said: 'I feel very privileged to bring Ken aboard at this crucial time in Pure Lithium's evolution. He is simply one of the leading experts on batteries, forming partnerships and developing successful businesses in energy storage. We are sure that he going to make a major contribution to Pure Lithium as we move toward commercial production of our next-generation lithium metal vanadium battery.' Mr. Hoffman has spent more than 25 years in investing, managing and directing tens of billions of dollars as a Portfolio Manager, and global Director of Research for various large funds including Millennium Partners and Reservoir Capital. His broad, hands-on experience as an investor and consultant will help Pure Lithium identify and capitalize on business and financial opportunities and bring vast insight to mitigating supply chain risks. In late 2016, Mr. Hoffman agreed to join McKinsey's Global Energy & Mining practice (GEM) to lead mining company strategy in gold, copper, nickel, manganese and lithium as well as battery raw material value chains. He has worked on more than 100 due diligences from the analysis of lithium assets to the study of more than a dozen direct lithium extraction technologies. He is one of the main presenters at metal and mining forums as well as global battery conferences and global media, including an opening keynote at PDAC, The Future Minerals Forum in Riyadh, Fastmarkets events in Asia, North America, Europe and South America, the London Metals Exchange Week conferences in Hong Kong and London and Australia's AUSIMM general gathering. Mr. Hoffman is a Director of 'The Battery Show,' the largest battery event in North America. About Pure Lithium Pure Lithium is a disruptive Boston-based lithium metal battery technology company led by its founders, inventor and lithium expert, CEO Emilie Bodoin, and world-renowned battery and metallurgical expert, MIT Emeritus Professor Donald R. Sadoway, as full-time CSO. The Company's novel Brine to Battery™ technology combines metal extraction and anode production, bypassing traditional lithium compound production. The resulting pure lithium metal anode is the core component of our lithium metal vanadium oxide battery, a step-change improvement over today's lithium-ion technology in cell performance, cost and safety. Additionally, the battery is free of graphite, cobalt, nickel and manganese. For more information, visit or email news@
Associated Press
21-04-2025
- Business
- Associated Press
Leading Global Battery Expert Kenneth Hoffman to Join Pure Lithium as Special Advisor
BOSTON--(BUSINESS WIRE)--Apr 21, 2025-- Pure Lithium Corporation, a disruptive Boston-based vertically integrated lithium metal battery technology company, announces that Kenneth Hoffman (CFA, CIM) will join the company as a Special Advisor, leveraging his vast experience across the battery value chain to advance our drive towards full commercialization. Mr. Hoffman, who was previously Global Head of Battery Materials at McKinsey, will be a crucial asset for Pure Lithium's commercialization strategy and development of partnerships. Working directly with Pure Lithium CEO Emilie Bodoin, he will bring a deep understanding of batteries and a unique ability to connect market dynamics with operational decision making that will be invaluable for Pure Lithium. Pure Lithium Founder and CEO Emilie Bodoin said: 'I feel very privileged to bring Ken aboard at this crucial time in Pure Lithium's evolution. He is simply one of the leading experts on batteries, forming partnerships and developing successful businesses in energy storage. We are sure that he going to make a major contribution to Pure Lithium as we move toward commercial production of our next-generation lithium metal vanadium battery.' Mr. Hoffman has spent more than 25 years in investing, managing and directing tens of billions of dollars as a Portfolio Manager, and global Director of Research for various large funds including Millennium Partners and Reservoir Capital. His broad, hands-on experience as an investor and consultant will help Pure Lithium identify and capitalize on business and financial opportunities and bring vast insight to mitigating supply chain risks. In late 2016, Mr. Hoffman agreed to join McKinsey's Global Energy & Mining practice (GEM) to lead mining company strategy in gold, copper, nickel, manganese and lithium as well as battery raw material value chains. He has worked on more than 100 due diligences from the analysis of lithium assets to the study of more than a dozen direct lithium extraction technologies. He is one of the main presenters at metal and mining forums as well as global battery conferences and global media, including an opening keynote at PDAC, The Future Minerals Forum in Riyadh, Fastmarkets events in Asia, North America, Europe and South America, the London Metals Exchange Week conferences in Hong Kong and London and Australia's AUSIMM general gathering. Mr. Hoffman is a Director of 'The Battery Show,' the largest battery event in North America. About Pure Lithium Pure Lithium is a disruptive Boston-based lithium metal battery technology company led by its founders, inventor and lithium expert, CEO Emilie Bodoin, and world-renowned battery and metallurgical expert, MIT Emeritus Professor Donald R. Sadoway, as full-time CSO. The Company's novel Brine to Battery™ technology combines metal extraction and anode production, bypassing traditional lithium compound production. The resulting pure lithium metal anode is the core component of our lithium metal vanadium oxide battery, a step-change improvement over today's lithium-ion technology in cell performance, cost and safety. Additionally, the battery is free of graphite, cobalt, nickel and manganese. For more information, visit or email [email protected]. View source version on CONTACT: Ross Larsen, Head of Editorial, 33 Communications, [email protected] KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS INDUSTRY KEYWORD: TECHNOLOGY ENGINEERING EV/ELECTRIC VEHICLES MANUFACTURING ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE BATTERIES ALTERNATIVE ENERGY ENERGY MACHINE TOOLS, METALWORKING & METALLURGY ENVIRONMENT MINING/MINERALS NATURAL RESOURCES GREEN TECHNOLOGY SOURCE: Pure Lithium Corporation Copyright Business Wire 2025. PUB: 04/21/2025 10:52 AM/DISC: 04/21/2025 10:51 AM
