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News.com.au
19-06-2025
- Business
- News.com.au
High Voltage: Chevron jumps on the DLE bandwagon in the USA
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. Chevron has jumped on the direct lithium extraction bandwagon in the USA's Smackover Formation in Texas and Arkansas, picking up two leasehold acreage positions comprising ~125,000 net acres in the lithium-brine rich region. The oil major joins the likes of ExxonMobil who are looking to extract battery grade lithium from brines, leveraging its experience in subsurface, drilling, and resource extraction into Direct Lithium Extraction (DLE). The tech has similarities to conventional oil production, and instead of relying on traditional evaporation methods, extracts lithium from the brine and injects the remaining water back into the reservoir. It's also faster and has a smaller environmental footprint than evaporation ponds. 'This acquisition represents a strategic investment to support energy manufacturing and expand U.S.-based critical mineral supplies,' said Jeff Gustavson, president of Chevron New Energies president Jeff Gustavson said. 'Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers. 'This opportunity builds on many of Chevron's strengths including subsurface resource development and value chain integration.' Here's what Chevron envisages the process will look like. Cute. ASX listed US lithium hopefuls Anson Resources (ASX:ASN) Anson was an early mover in the movement to extract lithium rich brines from oil and gas reservoirs with its Paradox lithium project in Southern Utah. Boasting a +1Mt lithium carbonate equivalent resource, the company has moved to expand its footprint via the Green River lithium project in Utah, where Anson just announced a resource estimate or 103,000t, including 19,000t in the indicated category. The resource is based on drilling of the Bosydaba #1 well, which only represents around 24% of the property area, leaving room for significant exploration upside. Recent testwork also showed 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. US industrial giant Koch was brought on board for that industry leading pilot program. Over at Paradox, Anson recently received approval from the US Department of the Interior, Bureau of Land Management to begin western expansion resource drilling, with the plan to enter the Mineral Canyon Fed 1-3 and Sunburst 1 wells. The wells are located approximately 1km from historic lithium-rich assayed brines previously sampled from several historic oil and gas wells in the 'Big Flat' area. Jindalee Lithium (ASX:JLL) Jindalee owns the McDermitt Lithium Project in Oregon, which earlier this year was placed on the FAST-41 list by the Trump Administration. Listed as a Transparency Project on the register after an April 18 executive order from President Donald Trump, the listing could lead to faster permitting for the project, one of 10 identified by the US Government as its first wave of critical minerals projects supported by a previous March 20 exec order to increase domestic mineral production. The project, located near the site of America's first new lithium mine to hit FID in years, Thacker Pass, hosts an ore reserve of 251Mt at 1751ppm for 2.34Mt of lithium carbonate equivalent material. A PFS last year suggested it would produce 47,500tpa of lithium carbonate in the first 10 years of the 40 year operation at a C1 unit cost of US$8080/t. The company's Exploration Plan of Operations (EPO) is currently in the final stages of National Environmental Policy Act (NEPA) review with an Environmental Assessment recently published for public comment. Chariot Corporation (ASX:CC9) Chariot has stakes in both hard rock and clay-hosted lithium assets in Wyoming, Nevada and Oregon. The company is focused on its Black Mountain project, where it is exploring for a large-scale resource and testing the viability of a pilot mine. It also holds the Resurgent project in Nevada, a claystone project in the style of Thacker Pass and McDermitt. The Black Mountain 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. 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. If it can be developed ahead of Thacker Pass it would be the first new lithium mine in the US in almost 60 years and the first new boron mine in almost 100. INR also recently announced a ~US$16 Million (~A$25 Million) placement at 10 cents per share (Aussie) to complete a strategic partnering process and move on to a final investment decision for the project. 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 ADD Adavale Resource Ltd 0.002 100% 33% 0% -60% $4,574,558 PVT Pivotal Metals Ltd 0.012 71% 71% 50% -29% $10,886,711 VR8 Vanadium Resources 0.021 62% 50% -30% -67% $11,850,129 SRL Sunrise 0.745 51% 64% 239% 91% $77,144,511 IXR Ionic Rare Earths 0.012 50% 50% 100% 9% $63,209,109 ENT Enterprise Metals 0.003 50% 50% -25% -25% $2,953,293 LU7 Lithium Universe Ltd 0.009 50% 80% 0% -40% $7,859,796 YAR Yari Minerals Ltd 0.013 44% 86% 333% 225% $7,211,249 GCM Green Critical Min 0.025 43% 79% 317% 733% $61,360,707 DTM Dart Mining NL 0.004 33% 0% -60% -78% $3,594,167 MTM MTM Critical Metals 0.665 30% 171% 343% 1915% $311,733,850 LOT Lotus Resources Ltd 0.2025 27% 13% 9% -45% $485,793,226 EVR Ev Resources Ltd 0.0075 25% 50% 275% 49% $11,915,020 BCA Black Canyon Limited 0.1 25% 69% 52% 11% $12,446,467 A11 Atlantic Lithium 0.15 25% 11% -43% -62% $107,437,834 EUR European Lithium Ltd 0.051 24% -2% 46% -2% $92,491,614 WSR Westar Resources 0.006 20% 20% -14% -33% $1,993,624 ATM Aneka Tambang 0.995 20% 2% 6% -7% $1,297,131 KAI Kairos Minerals Ltd 0.031 19% 11% 138% 244% $81,558,278 CNB Carnaby Resource Ltd 0.37 17% 19% 4% -27% $86,787,766 ESR Estrella Res Ltd 0.052 17% 37% 154% 1056% $106,701,757 REE Rarex Limited 0.021 17% -13% 133% 50% $19,323,444 AX8 Accelerate Resources 0.007 17% -22% 0% -84% $5,580,321 M24 Mamba Exploration 0.014 17% 0% 17% -18% $4,132,319 OM1 Omnia Metals Group 0.014 17% 56% -82% -82% $2,822,192 SRI Sipa Resources Ltd 0.015 15% 25% 7% 0% $6,245,975 RAS Ragusa Minerals Ltd 0.015 15% -12% 25% -17% $1,996,383 GBR Greatbould Resources 0.071 15% 4% 58% 15% $54,775,639 VRC Volt Resources Ltd 0.0045 13% -10% 13% -10% $23,423,890 SGQ St George Min Ltd 0.0315 13% 21% 26% 21% $85,530,318 LML Lincoln Minerals 0.0045 13% 13% -18% -25% $8,410,279 LCY Legacy Iron Ore 0.009 13% 0% 13% -33% $87,858,383 HAW Hawthorn Resources 0.055 12% 0% 34% -21% $18,425,859 BUR Burleyminerals 0.046 12% -12% -24% -56% $8,333,696 JLL Jindalee Lithium Ltd 0.425 12% -11% 107% 32% $31,768,445 ITM Itech Minerals Ltd 0.03 11% -14% -41% -52% $5,295,897 LYC Lynas Rare Earths 9.46 10% 23% 44% 57% $8,933,517,628 E25 Element 25 Ltd 0.23 10% 7% -13% -6% $51,437,790 CHN Chalice Mining Ltd 1.585 9% 40% 42% 17% $601,046,387 DLI Delta Lithium 0.185 9% -10% 9% -16% $136,142,940 NWC New World Resources 0.052 8% 73% 174% 63% $185,810,650 IPT Impact Minerals 0.0065 8% 8% -31% -60% $25,709,645 G88 Golden Mile Res Ltd 0.013 8% -7% 44% 18% $7,075,222 L1M Lightning Minerals 0.065 8% 7% -10% -6% $7,026,326 EV1 Evolutionenergy 0.014 8% 40% -42% -58% $5,077,107 TLG Talga Group Ltd 0.43 8% -9% -1% -24% $200,020,931 PSC Prospect Res Ltd 0.16 7% 14% 88% 7% $115,327,180 REC Rechargemetals 0.016 7% 7% -16% -54% $3,854,850 PGD Peregrine Gold 0.165 6% 14% 32% -20% $13,575,639 STM Sunstone Metals Ltd 0.017 6% 31% 183% 70% $103,070,554 DVP Develop Global Ltd 4.805 6% 31% 114% 115% $1,325,284,105 FBM Future Battery 0.019 6% -5% 0% -49% $13,463,221 TKM Trek Metals Ltd 0.077 5% 28% 250% 157% $45,177,660 LPM Lithium Plus 0.064 5% 7% -30% -61% $8,501,760 RAG Ragnar Metals Ltd 0.022 5% 22% 10% 29% $9,479,720 IPX Iperionx Limited 4.45 5% 39% -3% 123% $1,461,757,426 MHC Manhattan Corp Ltd 0.023 5% 5% 5% -31% $5,402,675 BC8 Black Cat Syndicate 0.8675 5% 6% 43% 234% $633,214,718 DRE Dreadnought Resources Ltd 0.0125 4% -4% 25% -40% $60,954,000 TOR Torque Met 0.13 4% 35% 160% -13% $64,854,956 IG6 Internationalgraphit 0.054 4% 6% 20% -31% $9,484,358 PFE Pantera Lithium 0.0135 4% 4% -25% -63% $6,396,080 PEK Peak Rare Earths Ltd 0.28 4% 0% 166% 56% $98,592,651 PEK Peak Rare Earths Ltd 0.28 4% 0% 166% 56% $98,592,651 GL1 Globallith 0.15 3% -9% -17% -47% $36,642,497 EMC Everest Metals Corp 0.15 3% 0% 11% 20% $33,619,688 COB Cobalt Blue Ltd 0.061 3% 9% -12% -20% $26,245,492 NTU Northern Min Ltd 0.031 3% 15% 48% -11% $267,428,986 EG1 Evergreenlithium 0.031 3% -14% -56% -39% $6,806,927 TVN Tivan Limited 0.099 3% -6% 14% 43% $217,121,138 OCN Oceanalithiumlimited 0.068 3% 106% 172% 71% $11,455,850 FRS Forrestaniaresources 0.072 3% 16% 454% 38% $22,668,137 PNN Power Minerals Ltd 0.06 3% 0% -34% -48% $7,387,039 JMS Jupiter Mines. 0.2 3% 8% 48% -33% $392,208,352 KZR Kalamazoo Resources 0.088 2% -3% 10% 6% $19,306,629 CWX Carawine Resources 0.095 2% -5% -2% -5% $22,431,918 BM8 Battery Age Minerals 0.055 2% 4% -48% -67% $6,704,050 MLX Metals X Limited 0.56 2% 4% 40% 44% $514,107,092 RNU Renascor Res Ltd 0.06 2% -24% 7% -29% $155,130,046 ARN Aldoro Resources 0.31 2% -3% 3% 370% $56,386,965 BNR Bulletin Res Ltd 0.062 2% -17% 63% 59% $18,204,026 ARU Arafura Rare Earths 0.1675 2% -7% 46% 2% $418,935,877 FTL Firetail Resources 0.08 1% 33% -2% 3% $30,782,266 RXL Rox Resources 0.2875 1% -3% 60% 113% $212,438,162 WA1 Wa1Resourcesltd 14.61 0% 9% 7% -10% $988,650,330 PVW PVW Res Ltd 0.012 0% -8% -25% -48% $2,386,857 FLG Flagship Min Ltd 0.049 0% -39% -11% -69% $10,960,159 QXR Qx Resources Limited 0.003 0% -25% -25% -63% $3,930,987 RIL Redivium Limited 0.004 0% 0% 0% 33% $13,609,422 LPD Lepidico Ltd 0.002 0% 0% 0% -33% $17,178,371 MRD Mount Ridley Mines 0.002 0% 0% -33% -80% $1,556,978 CZN Corazon Ltd 0.002 0% 0% 0% -67% $2,369,145 MAN Mandrake Res Ltd 0.019 0% 6% -14% -41% $11,917,938 RLC Reedy Lagoon Corp. 0.0015 0% 0% -25% -50% $1,165,060 STK Strickland Metals 0.135 0% 17% 59% 23% $305,418,573 CLA Celsius Resource Ltd 0.007 0% 17% -30% -36% $21,948,419 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 BKT Black Rock Mining 0.028 0% 0% -18% -46% $38,205,437 SBR Sabre Resources 0.009 0% 13% -10% -47% $3,550,157 ADV Ardiden Ltd 0.145 0% 0% 7% 7% $9,377,626 AAJ Aruma Resources Ltd 0.01 0% 0% -17% -38% $2,775,727 JRV Jervois Global Ltd 0.011 0% 0% -8% -39% $29,730,402 VML Vital Metals Limited 0.002 0% 0% 0% -43% $11,790,134 CHR Charger Metals 0.042 0% -16% -33% -40% $3,329,071 ALY Alchemy Resource Ltd 0.005 0% -17% -29% -38% $5,890,381 LEL Lithenergy 0.37 0% 0% 0% -4% $41,440,581 MRC Mineral Commodities 0.026 0% 0% 0% 18% $25,596,288 MOH Moho Resources 0.004 0% -43% -11% 14% $2,981,656 WKT Walkabout Resources 0.095 0% 0% 0% -17% $63,769,838 CNJ Conico Ltd 0.007 0% 0% -42% -30% $1,905,017 BOA BOA Resources Ltd 0.02 0% 5% 0% -5% $2,467,057 SLZ Sultan Resources Ltd 0.005 0% -29% -17% -50% $1,157,350 MQR Marquee Resource Ltd 0.009 0% 13% -40% -25% $5,024,723 EFE Eastern Resources 0.031 0% 15% -6% -48% $3,656,608 EMS Eastern Metals 0.01 0% 0% 0% -67% $1,394,262 FG1 Flynngold 0.033 0% 38% 18% 43% $12,913,444 GSM Golden State Mining 0.007 0% -22% -13% -26% $1,955,594 OB1 Orbminco Limited 0.001 0% 0% -40% -60% $3,197,568 LMG Latrobe Magnesium 0.009 0% -31% -57% -80% $24,952,605 KOR Korab Resources 0.008 0% 0% 0% 33% $2,936,400 CMX Chemxmaterials 0.026 0% 0% 0% -50% $3,354,580 NC1 Nicoresourceslimited 0.1 0% 33% 11% -23% $11,110,552 GRE Greentechmetals 0.043 0% -10% -41% -71% $4,485,699 CMO Cosmometalslimited 0.016 0% 0% 13% -59% $5,154,170 OMH OM Holdings Limited 0.3 0% -12% -18% -31% $222,214,472 CRR Critical Resources 0.0035 0% 0% -30% -61% $9,149,774 SCN Scorpion Minerals 0.019 0% 6% 46% 19% $9,957,068 RBX Resource B 0.025 0% -11% -31% -29% $2,879,612 AKN Auking Mining Ltd 0.008 0% 14% 60% -62% $4,598,230 RR1 Reach Resources Ltd 0.008 0% -27% 14% -53% $6,995,451 EMT Emetals Limited 0.003 0% 0% -40% -40% $2,550,000 AVW Avira Resources Ltd 0.007 0% 0% -65% -65% $1,610,000 NWM Norwest Minerals 0.013 0% 30% -24% -39% $11,620,303 ASO Aston Minerals Ltd 0.022 0% 29% 144% 69% $28,491,414 THR Thor Energy PLC 0.01 0% 0% -17% -38% $7,107,898 ODE Odessa Minerals Ltd 0.006 0% 20% 0% 100% $9,597,195 LNR Lanthanein Resources 0.001 0% -33% -67% -71% $4,215,272 CLZ Classic Min Ltd 0.001 0% 0% 0% -67% $2,790,942 OD6 Od6Metalsltd 0.026 0% 4% -13% -47% $4,172,167 ETM Energy Transition 0.047 0% -2% 38% 88% $69,813,391 M2R Miramar 0.003 0% 0% -25% -65% $2,990,470 TAR Taruga Minerals 0.009 0% 0% -10% 29% $6,423,787 RR1 Reach Resources Ltd 0.008 0% -27% 14% -53% $6,995,451 AOA Ausmon Resorces 0.002 0% 33% 0% -33% $2,622,427 DM1 Desert Metals 0.022 0% 16% -4% 0% $9,288,018 LNR Lanthanein Resources 0.001 0% -33% -67% -71% $4,215,272 KNI Kunikolimited 0.12 0% -17% -40% -27% $10,430,912 LLM Loyal Metals Ltd 0.13 0% 53% 30% -33% $13,095,298 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.0015 0% -40% -55% -78% $3,729,668 SLM Solismineralsltd 0.091 0% 15% 25% -4% $11,812,221 ASR Asra Minerals Ltd 0.002 0% -20% -33% -50% $7,983,396 NIC Nickel Industries 0.7075 -1% 7% -14% -16% $3,124,753,830 VTM Victory Metals Ltd 0.815 -1% -12% 99% 196% $94,168,554 FRB Firebird Metals 0.078 -1% 4% -10% -55% $11,104,189 IDA Indiana Resources 0.076 -1% -4% 27% 74% $49,490,399 NVA Nova Minerals Ltd 0.35 -1% 8% 27% 75% $114,664,083 1AE Auroraenergymetals 0.059 -2% -24% 28% -8% $10,743,824 PTR Petratherm Ltd 0.285 -2% 0% -2% 1681% $98,500,209 ARL Ardea Resources Ltd 0.395 -2% -1% 20% -23% $84,165,166 KFM Kingfisher Mining 0.05 -2% 0% 22% -21% $2,470,890 MHK Metalhawk. 0.485 -2% 3% 73% 833% $53,522,728 CXO Core Lithium 0.089 -2% -10% 9% -1% $195,014,415 ILU Iluka Resources 3.685 -2% -10% -28% -42% $1,619,825,940 NVX Novonix Limited 0.405 -2% -27% -33% -40% $254,448,618 BUX Buxton Resources Ltd 0.038 -3% 9% -5% -48% $13,006,734 ZNC Zenith Minerals Ltd 0.038 -3% -17% -7% -45% $12,353,962 SYR Syrah Resources 0.2775 -3% -31% 54% -29% $270,983,652 SYR Syrah Resources 0.2775 -3% -31% 54% -29% $270,983,652 CTM Centaurus Metals Ltd 0.36 -3% -3% -3% -19% $178,812,437 KOB Kobaresourceslimited 0.035 -3% -16% -56% -75% $6,132,990 BMM Bayanminingandmin 0.034 -3% 17% -33% -39% $3,500,484 A8G Australasian Metals 0.067 -3% -3% -13% -12% $3,878,612 PLL Piedmont Lithium Inc 0.091 -3% -13% -41% -41% $51,110,378 WR1 Winsome Resources 0.135 -4% -18% -67% -83% $33,535,350 FGR First Graphene Ltd 0.026 -4% -33% -7% -52% $19,469,152 AXE Archer Materials 0.26 -4% 4% -33% -29% $66,260,223 WC8 Wildcat Resources 0.13 -4% -26% -35% -63% $181,516,739 LM1 Leeuwin Metals Ltd 0.13 -4% -7% 117% 141% $13,104,830 S32 South32 Limited 2.945 -4% -1% -13% -19% $13,431,657,421 DEV Devex Resources Ltd 0.075 -4% -10% -16% -77% $33,126,800 GW1 Greenwing Resources 0.025 -4% -17% -38% -39% $7,224,358 VMC Venus Metals Cor Ltd 0.115 -4% 10% 74% 51% $22,554,799 AZI Altamin Limited 0.023 -4% 0% 5% -35% $13,213,567 GED Golden Deeps 0.022 -4% 22% -12% -46% $3,896,765 ABX ABX Group Limited 0.041 -5% -9% 17% -18% $10,288,257 MEK Meeka Metals Limited 0.1525 -5% 22% 91% 362% $440,248,405 WC1 Westcobarmetals 0.02 -5% 25% 54% -48% $4,375,969 KNG Kingsland Minerals 0.08 -5% -24% -47% -57% $5,804,873 AVL Aust Vanadium Ltd 0.0095 -5% -21% -21% -37% $86,346,581 QPM QPM Energy Limited 0.037 -5% -14% -30% 12% $95,961,021 AUZ Australian Mines Ltd 0.009 -5% -10% -14% 13% $12,586,609 ARR American Rare Earths 0.26 -5% 4% -2% 8% $137,004,291 1MC Morella Corporation 0.017 -6% -6% -43% -73% $6,196,617 MLS Metals Australia 0.017 -6% -6% -19% -15% $12,388,232 DYM Dynamicmetalslimited 0.255 -6% -9% -4% 70% $12,516,506 ASN Anson Resources Ltd 0.047 -6% -15% -16% -53% $65,176,617 CY5 Cygnus Metals Ltd 0.094 -6% 31% -18% 81% $80,006,377 KM1 Kalimetalslimited 0.078 -6% -9% -35% -74% $6,462,102 GLN Galan Lithium Ltd 0.091 -6% -13% -21% -48% $91,007,948 LKE Lake Resources 0.029 -6% -15% -29% -42% $52,291,344 BHP BHP Group Limited 36.45 -7% -8% -9% -15% $187,101,073,782 AGY Argosy Minerals Ltd 0.014 -7% -26% -51% -84% $21,838,814 PNT Panthermetalsltd 0.014 -7% 8% 27% -31% $5,115,377 CDT Castle Minerals 0.083 -7% -2% 38% -57% $9,280,766 IGO IGO Limited 4.075 -7% -5% -19% -33% $3,119,943,390 HAS Hastings Tech Met 0.27 -7% -21% -16% 0% $50,993,856 HRE Heavy Rare Earths 0.037 -8% 23% 16% 47% $7,697,254 LTR Liontown Resources 0.66 -8% -19% 20% -35% $1,627,701,337 SMX Strata Minerals 0.012 -8% -14% -40% -52% $2,938,226 LRV Larvottoresources 0.59 -8% -11% 27% 490% $255,633,730 LIN Lindian Resources 0.115 -8% -4% 39% 5% $139,610,668 AZL Arizona Lithium Ltd 0.0055 -8% -39% -54% -74% $31,621,887 BSX Blackstone Ltd 0.088 -8% 19% 226% 96% $63,138,355 AQD Ausquest Limited 0.055 -8% 2% 511% 337% $76,524,445 KTA Krakatoa Resources 0.011 -8% 22% 10% -8% $6,821,474 VHM Vhmlimited 0.22 -8% -6% -53% -41% $55,785,389 AR3 Austrare 0.053 -9% -15% -47% -40% $11,447,318 EGR Ecograf Limited 0.3 -9% -9% 237% 122% $131,698,228 SRZ Stellar Resources 0.015 -9% -12% 0% -17% $33,276,009 WCN White Cliff Min Ltd 0.02 -9% -31% 18% 43% $50,681,109 PAT Patriot Resourcesltd 0.059 -9% -3% 16% 5% $9,601,347 S2R S2 Resources 0.068 -9% -25% 1% -35% $33,523,788 PLS Pilbara Min Ltd 1.29 -9% -17% -41% -60% $4,183,309,008 ASL Andean Silver 1.05 -9% 24% 14% 46% $168,300,180 QEM QEM Limited 0.038 -10% -31% 15% -71% $8,983,213 WIN WIN Metals 0.019 -10% -17% 0% -32% $10,451,104 LIT Livium Ltd 0.009 -10% -10% -47% -50% $15,214,564 RMX Red Mount Min Ltd 0.009 -10% 13% 0% -10% $4,184,620 MRR Minrex Resources Ltd 0.009 -10% 6% 13% -10% $9,763,808 IMI Infinitymining 0.009 -10% 0% -31% -67% $3,807,142 GRL Godolphin Resources 0.009 -10% 0% -40% -53% $4,039,860 EMH European Metals Hldg 0.17 -11% -24% 6% -39% $36,302,823 INR Ioneer Ltd 0.1025 -11% -24% -32% -29% $260,817,252 AXN Alliance Nickel Ltd 0.032 -11% -3% -18% -16% $23,226,868 PMT Patriotbatterymetals 0.235 -11% -6% -25% -64% $134,826,735 SUM Summitminerals 0.031 -11% -11% -76% -94% $2,745,858 RVT Richmond Vanadium 0.115 -12% -21% -48% -62% $24,097,161 MEI Meteoric Resources 0.115 -12% 5% 40% -32% $280,423,534 SYA Sayona Mining Ltd 0.015 -12% -6% -40% -57% $173,149,440 GAL Galileo Mining Ltd 0.11 -12% -12% 0% -52% $21,738,742 TMB Tambourahmetals 0.022 -12% -8% -8% -66% $3,235,981 NMT Neometals Ltd 0.073 -12% -9% 0% -27% $56,168,031 ENV Enova Mining Limited 0.007 -13% -13% 17% -53% $10,203,200 ANX Anax Metals Ltd 0.007 -13% -13% -36% -77% $6,179,653 MIN Mineral Resources. 22.47 -13% -15% -35% -63% $4,439,355,264 PGM Platina Resources 0.02 -13% -5% 5% -9% $12,463,607 NH3 Nh3Cleanenergyltd 0.031 -14% 15% 72% 182% $16,938,144 AS2 Askarimetalslimited 0.006 -14% -33% -54% -89% $2,425,024 LSR Lodestar Minerals 0.006 -14% -14% -63% -80% $1,910,543 RON Roninresourcesltd 0.165 -15% -18% 0% 32% $6,661,877 VUL Vulcan Energy 3.49 -15% -24% -41% -16% $785,035,632 CRI Criticalim 0.016 -16% -6% 33% -41% $43,159,178 PUR Pursuit Minerals 0.037 -16% -16% -66% -75% $3,740,024 CAE Cannindah Resources 0.026 -16% -41% -38% -55% $18,930,079 INF Infinity Lithium 0.015 -17% -32% -40% -71% $7,088,881 EVG Evion Group NL 0.015 -17% -17% -35% -17% $6,523,800 TON Triton Min Ltd 0.005 -17% -17% -38% -58% $7,841,944 AM7 Arcadia Minerals 0.015 -17% -25% -17% -70% $1,760,751 GT1 Greentechnology 0.02 -17% -20% -65% -73% $9,028,231 WMG Western Mines 0.145 -17% -33% 0% -58% $14,518,252 EMN Euromanganese 0.19 -17% -10% 0% -46% $12,357,768 ASM Ausstratmaterials 0.585 -18% 8% 23% -25% $112,431,223 PBL Parabellumresources 0.045 -18% 0% -13% 13% $2,803,500 BYH Bryah Resources Ltd 0.012 -20% 200% 300% 71% $10,439,442 RGL Riversgold 0.004 -20% 0% 33% -33% $7,576,707 TMX Terrain Minerals 0.002 -20% -33% -33% -43% $4,497,113 FIN FIN Resources Ltd 0.004 -20% -33% -20% -56% $2,779,554 KGD Kula Gold Limited 0.007 -22% -13% 6% -38% $6,448,776 ICL Iceni Gold 0.061 -24% 5% -8% -10% $19,876,355 LEG Legend Mining 0.006 -25% -25% -40% -54% $17,468,863 CTN Catalina Resources 0.003 -25% 50% 7% 7% $7,278,057 TEM Tempest Minerals 0.003 -25% -40% -40% -67% $3,072,310 TKL Traka Resources 0.001 -33% -33% 0% -33% $3,188,685 XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 19900% $17,528,272 ADD Adavale Resource Ltd 0.002 100% 33% 0% -60% $4,574,558 PVT Pivotal Metals Ltd 0.012 71% 71% 50% -29% $10,886,711 VR8 Vanadium Resources 0.021 62% 50% -30% -67% $11,850,129 SRL Sunrise 0.745 51% 64% 239% 91% $77,144,511 Weekly Small Cap Standouts Vanadium Resources (ASX:VR8) The company's subsidiary, Vanadium Resources (VanRes) has signed an MoU with China Precious Asia Limited (CPAL) for a magnetite ore supply agreement from its world-class Steelpoortdrift vanadium project in South Africa. VanRes will supply CPAL with an average of 100,000 metric tons of magnetite ore per month over the two-year term of the non-binding direct shipping ore agreement. VR8 says the deal is expected to unlock early revenues and operating cashflows in support of the company's staged development and funding strategy for the project. It also positions VR8 to become a near-term producer by monetising its substantial resource base (+180 years), while retaining full flexibility to scale into full development as vanadium market conditions improve. 'Through our ongoing strategic equity and offtake process, it became increasingly apparent that there is a compelling opportunity to potentially transition the company toward near-term production, even at this low point in the vanadium market cycle,' executive chairman Jurie Wessels said. 'This has been made possible by our advanced permitting status and the suite of valuable minerals within Steelpoortdrift's ore, which contains not only vanadium credits but also iron-rich magnetite. 'Based on the company's internal assessments and the volumes proposed under the MoU, we anticipate that a DSO operation at Steelpoortdrift has the potential to generate material positive operating cashflows for VR8 and its shareholders. 'While the MoU is non-binding, the level of engagement and interest from CPAL gives me confidence that a binding and value-accretive commercial agreement can be reached.' Ionic Rare Earths (ASX:IXR) This week the company announced the expanded focus of its Viridion joint venture with Viridis Mining and Minerals to potentially develop a US-based rare earth refinery. That's in addition to a proposed Brazilian based rare earth refinery and a magnet recycling facility. IXR previously completed internal scoping study for a US-based heavy REO refinery, using Ionic Technologies' separation and refining IP, which will now be updated through Viridion to fast-track initial estimates for both Brazilian and US refining capacity to facilitate stakeholder discussions. A potential US rare earth refinery would have the capacity to obtain mixed rare earth carbonate (MREC) from Viridis' Colossus project in Brazil, plus other similar ionic adsorption clay deposits to enable the flow of magnet and heavy rare earths into the US manufacturing base. 'Viridion has made substantial progress in very rapid time, with the recent delivery of Brazil's first locally sourced recycled magnet REOs, followed importantly by the announcement of financial support from the Brazilian Government,' MD Tim Harrison said. 'With the United States focused on addressing its critical shortages of domestic rare earths, Viridion is now working to examine how it could play a role in building a sovereign and sustainable US rare earth supply chain, building on our plans to facilitate Brazil's rare earths drive. 'IonicRE's international expansion strategy now encompasses the UK/Europe, Asia, South and North America, as we work with our global partners to build an ex-China rare earths supply chain.' Green Critical Minerals (ASX:GCM) GCM has completed the construction and commissioning phases of its commercial-scale Very High Density (VHD) graphite plant with first production imminent. The plant features a modular design with Module 1 now complete and operational. Line 2 of the pilot plant was designed so that it could easily be converted into the first module of a scalable, multi-module production plant – and the company has now accelerated its transition to commercial production by transforming the Line 2 Pilot Plant into the first stage of its full-scale VHD graphite plant GCM believes the completion of the production plant significantly enhances manufacturing capabilities, signalling a step forward in commercialisation of its proprietary VHD graphite technology. The VHD) graphite blocks offer superior heat transfer and dissipation compared to traditional materials like aluminium and copper, making them ideal for high performance electronics and a range of other sectors like aerospace, defence, medical and manufacturing. This material is especially important for cooling infrastructure in AI data centres, with GCM recently securing a deal with GreenSquareDC, a leading Australian data centre operator.
Yahoo
18-06-2025
- Business
- Yahoo
Chevron acquires lithium leasehold acreage in US
Chevron U.S.A., a subsidiary of Chevron, has entered the domestic lithium market by acquiring two leasehold acreage positions known for their high lithium content. The acquisition marks Chevron's inaugural venture into the lithium sector. The initial acquisition is from TerraVolta Resources, backed by an investor linked to the Energy & Minerals Group (EMG), while the subsequent one involves East Texas Natural Resources (ETNR). The acquired acreage, estimated at around 125,000 net acres, is located in areas where the Smackover Formation is present, specifically spanning north-east Texas and south-west Arkansas. This geological formation is renowned for its significant lithium content, positioning Chevron to establish a commercial-scale domestic lithium operation. Chevron New Energies president Jeff Gustavson said: 'This acquisition represents a strategic investment to support energy manufacturing and expand US-based critical mineral supplies. 'Establishing domestic and resilient lithium supply chains is essential not only to maintaining US energy leadership but also to meeting the growing demand from customers. This opportunity builds on many of Chevron's strengths including subsurface resource development and value chain integration.' Chevron plans to employ the direct lithium extraction (DLE) process for future development. This advanced technology is designed to extract lithium from brines produced from the subsurface, offering a more efficient production method with a potentially smaller environmental footprint than traditional extraction methods. TerraVolta president and CEO Jamie Liang said: 'This transaction with one of the top energy companies in the US and the world furthers the advancement of a significant portion of the resource that TerraVolta has developed. 'There is increasing urgency to develop domestic critical minerals to unleash American energy prosperity, and TerraVolta looks forward to working with Chevron and other industry stakeholders to grow our efforts in response to this demand.' The transaction between TerraVolta, its investor EMG and Chevron has been finalised, transferring all equity interests in two subsidiaries that own the leasehold acreage positions to Chevron. "Chevron acquires lithium leasehold acreage in US" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
17-06-2025
- Business
- Business Wire
Chevron Enters Domestic Lithium Sector to Support U.S. Energy Security
HOUSTON--(BUSINESS WIRE)--Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced today the acquisition of two leasehold acreage positions. The first from TerraVolta Resources, whose investor is an affiliate of The Energy & Minerals Group (EMG), and the second from East Texas Natural Resources (ETNR) LLC. The estimated leasehold position includes ~125,000 net acres and is situated across regions where the Smackover Formation is present, specifically spanning Northeast Texas and Southwest Arkansas. This formation is of particular interest due to its notably high lithium content and marks Chevron's first step toward establishing a commercial-scale, domestic lithium business. Future development will aim to utilize the direct lithium extraction (DLE) process, a set of advanced technologies employed to extract lithium from brines produced from the subsurface. Chevron seeks to deploy this emerging technology, which allows for faster and more efficient production and is expected to have a smaller environmental footprint compared to traditional extraction methods. 'This acquisition represents a strategic investment to support energy manufacturing and expand U.S.-based critical mineral supplies,' said Jeff Gustavson, president of Chevron New Energies. 'Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers. This opportunity builds on many of Chevron's strengths including subsurface resource development and value chain integration.' Lithium is a key component supporting the trend toward electrification and can contribute to building a resilient, lower carbon energy system that meets growing energy demand, while balancing reliability and affordability. About Chevron Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow new businesses in renewable fuels, carbon capture and offsets, hydrogen, power generation for data centers, and emerging technologies. More information about Chevron is available at CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF 'SAFE HARBOR' PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This news release contains forward-looking statements relating to Chevron's operations, assets and strategy that are based on management's current expectations, estimates, and projections about the petroleum, chemicals, and other energy-related industries. Words or phrases such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'targets,' 'advances,' 'commits,' 'drives,' 'aims,' 'forecasts,' 'projects,' 'believes,' 'approaches,' 'seeks,' 'schedules,' 'estimates,' 'positions,' 'pursues,' 'progress,' 'design,' 'enable,' 'may,' 'can,' 'could,' 'should,' 'will,' 'budgets,' 'outlook,' 'trends,' 'guidance,' 'focus,' 'on track,' 'trajectory,' 'goals,' 'objectives,' 'strategies,' 'opportunities,' 'poised,' 'potential,' 'ambitions,' 'future,' 'aspires' and similar expressions, and variations or negatives of these words, are intended to identify such forward-looking statements, but not all forward-looking statements include such words. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and other factors, many of which are beyond the company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company's products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics and epidemics, and any related government policies and actions; disruptions in the company's global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic, market and political conditions, including the military conflict between Russia and Ukraine, the conflict in the Middle East and the global response to these hostilities; changing refining, marketing and chemicals margins; the company's ability to realize anticipated cost savings and efficiencies associated with enterprise structural cost reduction initiatives; actions of competitors or regulators; timing of exploration expenses; changes in projected future cash flows; timing of crude oil liftings; uncertainties about the estimated quantities of crude oil, natural gas liquids and natural gas reserves; the competitiveness of alternate-energy sources or product substitutes; pace and scale of the development of large carbon capture and offset markets; the results of operations and financial condition of the company's suppliers, vendors, partners and equity affiliates; the inability or failure of the company's joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company's operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company's control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures related to greenhouse gas emissions and climate change; the potential liability resulting from pending or future litigation; the risk that regulatory approvals and clearances related to the Hess Corporation (Hess) transaction are not obtained or are not obtained in a timely manner or are obtained subject to conditions that are not anticipated by the company and Hess; potential delays in consummating the Hess transaction, including as a result of the ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement; risks that such ongoing arbitration is not satisfactorily resolved and the potential transaction fails to be consummated; uncertainties as to whether the potential transaction, if consummated, will achieve its anticipated economic benefits, including as a result of risks associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the potential transaction that are not waived or otherwise satisfactorily resolved; the company's ability to integrate Hess' operations in a successful manner and in the expected time period; the possibility that any of the anticipated benefits and projected synergies of the potential transaction will not be realized or will not be realized within the expected time period; the company's future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; higher inflation and related impacts; material reductions in corporate liquidity and access to debt markets; changes to the company's capital allocation strategies; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading 'Risk Factors' on pages 20 through 27 of the company's 2024 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Axios
29-05-2025
- Business
- Axios
Chevron exec says data center gas plans "moving very quickly"
Chevron's young business to build gas-fired plants that directly supply data centers is "moving very quickly," and final agreements with hyperscalers could come soon, Chevron New Energies president Jeff Gustavson tells Axios. Why it matters: Chevron's — and rival Exxon's — plunge into behind-the-meter power for data centers shows how the oil supermajors are moving to capitalize on AI's powerful energy thirst. "There's no reason the U.S., with its large, abundant natural resources, natural gas in particular, can't win this [AI] race," he said in an interview. Catch up quick: In January, Chevron and investment firm Engine No. 1 unveiled a partnership to deploy gas plants co-located with big data centers starting in 2027, using GE Vernova turbines. They envision up to four gigawatts eventually being deployed and are targeting the Southeast, Midwest and West. Driving the news: "If I were to highlight one state that we're really focused on in particular, it'd be Texas," he said, citing attributes like gas availability and state and local regulatory environments. It also has carbon storage potential for the projects, which could integrate climate tech in the future like CO2 capture and use of hydrogen in turbines. "Customers want a lower carbon pathway," he said. The intrigue: Gustavson noted Trump officials support enabling new power for AI. But Chevron's also watching the fluid tariff situation closely for how it could affect costs and equipment procurement timelines. "It introduces some uncertainty here," he said. The big picture: Chevron New Energies houses the energy giant's business lines on hydrogen, CO2 capture and storage, biofuels, and its exploration of opportunities in geothermal and lithium. Threat level: The House reconciliation plan to quickly end hydrogen tax credits could slow Chevron's plans, Gustavson said. "The cost of low-carbon or no-carbon hydrogen will be higher without that incentive. And so then it's basic supply and demand. When the price of something is higher, the demand is lower, and the pace of adoption will be slower," Gustavson said. He noted the lack of production incentives will make costs higher for customers. "We need to be able to generate a return to invest in anything in this space or any space. If you don't have customers that are willing to pay the price that we need, it will slow some of these projects." What we're watching: The next phases of the data center plan.
Yahoo
28-01-2025
- Business
- Yahoo
Chevron to build gas plants to power data centers amid AI boom
(Reuters) -Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the U.S., as energy demand to support the growth of artificial intelligence is expected to boom. The second-largest U.S. producer is partnering with investment firm Engine No. 1 and electric services company GE Vernova on the project. Chevron's announcement comes a day after Chinese startup DeepSeek unveiled an AI model that it says uses far less computing power than industry-leading models in the United States, prompting investors to question the billions of dollars spent on AI infrastructure and sparking a massive sell-off in tech and power stocks. Despite the market's reaction, DeepSeek demonstrates the energy requirements that will be needed to support the United States' ability to compete in the global AI race, said Jeff Gustavson, president of Chevron New Energies, during a press briefing. "It underscores how competitive and fast-moving this is," he said. "We still see the growth in electricity demand." The project will use GE Vernova's natural gas turbines to deliver up to 4 gigawatts of power - enough to power roughly 3 million homes - to data centers located in the U.S. Southeast, Midwest and West regions. The power will initially bypass the existing transmission grid, which reduces the risk of raising electricity costs for households and consumers, the company said. Chevron said it is in conversations with multiple potential customers to determine the locations of the data centers and power plants, declining to name who it is speaking with. Chevron expects to begin initial service by the end of 2027, with the potential for project expansion beyond the 4-GW capacity. "President Trump's pro-American energy policies and commitment to energy and AI dominance give us the confidence to invest in projects that will create American jobs and strengthen our national security," Chevron CEO Mike Wirth said in a statement. The projects are also expected to be designed to potentially integrate carbon capture and storage, and renewable energy resources.
