Energy & Critical Metals
General Motors makes largest-ever investment by an automaker in battery raw materials
GM invests US$650m in Lithium Americas Corp Shares in Xantippe Resources soar as drilling begins at Southern Cross Project St … Read More
The post Eye…
- GM invests US$650m in Lithium Americas Corp
- Shares in Xantippe Resources soar as drilling begins at Southern Cross Project
- St George enters into an option to acquire the Woolgangie Project
All your lithium news, Thursday February 2.
Detroit automaker General Motors (GM) has made the largest ever investment by an automaker in battery raw materials production after pouring US$650m into NYSE-listed Lithium Americas Corp to help it develop the Thacker Pass lithium project in Nevada.
The deal, announced on Tuesday, provides Lithium Americas with a major partner as it develops Thacker Pass – the largest known source of lithium in the United States and the third largest in the world.
Some more details on the Lithium Americas / General Motors mega deal:
GM now largest shareholder in $LAC
Biggest OEM investment in battery raw materials / upstream
Designed to maximise DOE loan programs – policy actually works, a direct hit! pic.twitter.com/3E26hdZ6uW
— Simon Moores (@sdmoores) January 31, 2023
Production at Thacker Pass is set to begin in the second half of 2026 with the project estimated to hold enough lithium to produce up to 1 million EVs per year.
GM has announced a total of four US cell plants with annual capacity of 160GW hours, including the Ultium Cells joint venture plant with LG Energy Solution in Warren, Ohio, currently in production, as well as JV sites in Spring Hill, Tennessee and Lansing, Michigan that are scheduled to open in 2023 and 2024, respectively.
Here’s how ASX lithium stocks are tracking:
| CODE | COMPANY | PRICE | % TODAY | MARKET CAP |
|---|---|---|---|---|
| ALY | Alchemy Resource Ltd | 0.019 | 19% | $18,849,220 |
| VKA | Viking Mines Ltd | 0.014 | 17% | $12,303,101 |
| TYX | Tyranna Res Ltd | 0.023 | 15% | $48,108,507 |
| NWM | Norwest Minerals | 0.066 | 14% | $12,882,228 |
| CHR | Charger Metals | 0.43 | 13% | $16,611,460 |
| CMD | Cassius Mining Ltd | 0.035 | 13% | $12,663,280 |
| TON | Triton Min Ltd | 0.04 | 11% | $49,780,230 |
| CRR | Critical Resources | 0.062 | 11% | $89,058,627 |
| BMM | Balkanminingandmin | 0.42 | 11% | $17,013,365 |
| PAT | Patriot Lithium | 0.445 | 10% | $23,474,813 |
| RAS | Ragusa Minerals Ltd | 0.1125 | 10% | $14,616,376 |
| BYH | Bryah Resources Ltd | 0.026 | 8% | $6,750,083 |
| ZEO | Zeotech Limited | 0.041 | 8% | $62,346,815 |
| AML | Aeon Metals Ltd. | 0.03 | 7% | $30,699,217 |
| RAG | Ragnar Metals Ltd | 0.015 | 7% | $5,308,588 |
| DRE | Dreadnought Resources Ltd | 0.1125 | 7% | $324,421,463 |
| ADV | Ardiden Ltd | 0.008 | 7% | $20,162,515 |
| GSM | Golden State Mining | 0.051 | 6% | $5,616,682 |
| LLI | Loyal Lithium Ltd | 0.53 | 6% | $26,245,000 |
| CZL | Cons Zinc Ltd | 0.019 | 6% | $8,682,441 |
| MMC | Mitremining | 0.295 | 5% | $7,583,828 |
| LNR | Lanthanein Resources | 0.02 | 5% | $18,649,936 |
| CTN | Catalina Resources | 0.0105 | 5% | $12,384,869 |
| MTM | Mtmongerresources | 0.084 | 5% | $4,561,938 |
| GW1 | Greenwing Resources | 0.32 | 5% | $45,157,954 |
| SYA | Sayona Mining Ltd | 0.2675 | 5% | $2,215,117,448 |
| AUN | Aurumin | 0.065 | 5% | $11,021,299 |
| AGY | Argosy Minerals Ltd | 0.695 | 5% | $933,930,986 |
| A11 | Atlantic Lithium | 0.74 | 4% | $430,076,579 |
| MLS | Metals Australia | 0.055 | 4% | $32,172,918 |
| INF | Infinity Lithium | 0.14 | 4% | $62,449,933 |
| DAF | Discovery Alaska Ltd | 0.03 | 3% | $6,502,806 |
| MQR | Marquee Resource Ltd | 0.036 | 3% | $11,452,263 |
| OCN | Oceanalithiumlimited | 0.37 | 3% | $13,109,040 |
| MRR | Minrex Resources Ltd | 0.038 | 3% | $40,140,098 |
| AS2 | Askarimetalslimited | 0.61 | 3% | $29,384,390 |
| MXR | Maximus Resources | 0.042 | 2% | $13,081,286 |
| KTA | Krakatoa Resources | 0.044 | 2% | $14,822,526 |
| IMI | Infinitymining | 0.235 | 2% | $17,590,013 |
| LRS | Latin Resources Ltd | 0.1175 | 2% | $253,190,316 |
| LIS | Lisenergylimited | 0.3725 | 2% | $60,558,678 |
| PNN | Power Minerals Ltd | 0.505 | 2% | $35,761,187 |
| CAI | Calidus Resources | 0.275 | 2% | $118,625,992 |
| MNS | Magnis Energy Tech | 0.4225 | 2% | $402,687,565 |
| LTR | Liontown Resources | 1.5625 | 2% | $3,371,528,262 |
| TUL | Tulla Resources | 0.365 | 1% | $76,625,442 |
| AZL | Arizona Lithium Ltd | 0.074 | 1% | $178,302,839 |
| GLN | Galan Lithium Ltd | 1.185 | 1% | $357,441,324 |
| EUR | European Lithium Ltd | 0.08 | 1% | $114,489,895 |
| VUL | Vulcan Energy | 7.21 | 1% | $1,021,259,343 |
| LKE | Lake Resources | 0.805 | 1% | $1,127,048,084 |
| AAJ | Aruma Resources Ltd | 0.085 | 1% | $13,184,766 |
| INR | Ioneer Ltd | 0.435 | 1% | $902,285,455 |
| LIT | Lithium Australia | 0.0465 | 1% | $56,174,817 |
| WES | Wesfarmers Limited | 50.165 | 1% | $56,302,724,100 |
| RDT | Red Dirt Metals Ltd | 0.505 | 1% | $222,453,745 |
| CY5 | Cygnus Gold Limited | 0.51 | 1% | $92,856,477 |
| ASN | Anson Resources Ltd | 0.2775 | 1% | $324,020,104 |
| LLL | Leolithiumlimited | 0.605 | 1% | $591,994,147 |
| EMH | European Metals Hldg | 0.7 | 1% | $87,456,377 |
| CXO | Core Lithium | 1.1375 | 1% | $2,089,780,719 |
| GT1 | Greentechnology | 0.895 | 1% | $169,757,170 |
| PLS | Pilbara Min Ltd | 4.78 | 0% | $14,300,314,467 |
| 1MC | Morella Corporation | 0.015 | 0% | $91,478,707 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | $2,752,409,203 |
| LPI | Lithium Pwr Int Ltd | 0.44 | 0% | $276,802,926 |
| QPM | Queensland Pacific | 0.11 | 0% | $192,098,271 |
| RLC | Reedy Lagoon Corp. | 0.01 | 0% | $5,667,196 |
| TKL | Traka Resources | 0.008 | 0% | $5,782,196 |
| LEL | Lithenergy | 0.83 | 0% | $49,924,500 |
| ARN | Aldoro Resources | 0.24 | 0% | $27,098,956 |
| AX8 | Accelerate Resources | 0.03 | 0% | $11,328,053 |
| EMS | Eastern Metals | 0.085 | 0% | $3,320,475 |
| FRS | Forrestaniaresources | 0.17 | 0% | $10,351,522 |
| EMC | Everest Metals Corp | 0.1 | 0% | $10,643,311 |
| WML | Woomera Mining Ltd | 0.016 | 0% | $15,298,579 |
| KGD | Kula Gold Limited | 0.027 | 0% | $9,752,722 |
| WR1 | Winsome Resources | 2.33 | 0% | $327,812,409 |
| KZR | Kalamazoo Resources | 0.21 | 0% | $31,252,069 |
| SCN | Scorpion Minerals | 0.084 | 0% | $29,039,320 |
| AZI | Altamin Limited | 0.079 | 0% | $30,945,623 |
| ENT | Enterprise Metals | 0.01 | 0% | $7,050,807 |
| STM | Sunstone Metals Ltd | 0.036 | 0% | $94,336,071 |
| AVW | Avira Resources Ltd | 0.003 | 0% | $6,401,370 |
| BNR | Bulletin Res Ltd | 0.105 | 0% | $30,827,066 |
| RMX | Red Mount Min Ltd | 0.006 | 0% | $11,930,093 |
| A8G | Australasian Metals | 0.19 | 0% | $7,822,394 |
| EFE | Eastern Resources | 0.018 | 0% | $21,155,870 |
| SRZ | Stellar Resources | 0.013 | 0% | $13,060,202 |
| LSR | Lodestar Minerals | 0.0045 | 0% | $7,822,968 |
| AOA | Ausmon Resorces | 0.006 | 0% | $5,143,736 |
| IPT | Impact Minerals | 0.01 | 0% | $24,813,706 |
| SRI | Sipa Resources Ltd | 0.032 | 0% | $7,301,060 |
| VMC | Venus Metals Cor Ltd | 0.145 | 0% | $25,821,409 |
| ZNC | Zenith Minerals Ltd | 0.24 | 0% | $84,409,451 |
| EPM | Eclipse Metals | 0.021 | 0% | $42,589,256 |
| EVR | Ev Resources Ltd | 0.015 | 0% | $13,934,761 |
| THR | Thor Energy PLC | 0.006 | 0% | $8,731,877 |
| MM1 | Midasmineralsltd | 0.15 | 0% | $8,569,765 |
| AOU | Auroch Minerals Ltd | 0.064 | 0% | $27,382,089 |
| XTC | Xantippe Res Ltd | 0.0055 | 0% | $56,606,191 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | $74,238,031 |
| IR1 | Irismetals | 1.16 | 0% | $74,506,800 |
| DAL | Dalaroometalsltd | 0.092 | 0% | $2,748,500 |
| VSR | Voltaic Strategic | 0.024 | 0% | $7,354,336 |
| SGQ | St George Min Ltd | 0.075 | 0% | $62,601,760 |
| LLO | Lion One Metals Ltd | 1.08 | 0% | $12,550,530 |
| AKE | Allkem Limited | 12.995 | -1% | $8,366,074,088 |
| TKM | Trek Metals Ltd | 0.072 | -1% | $26,567,991 |
| NVA | Nova Minerals Ltd | 0.68 | -1% | $144,937,350 |
| PGD | Peregrine Gold | 0.4925 | -2% | $19,375,945 |
| IGO | IGO Limited | 14.46 | -2% | $11,139,409,529 |
| JRL | Jindalee Resources | 2.23 | -2% | $130,250,253 |
| M2R | Miramar | 0.0825 | -2% | $5,937,266 |
| ESS | Essential Metals Ltd | 0.53 | -2% | $144,486,015 |
| DTM | Dart Mining NL | 0.053 | -2% | $8,403,510 |
| MIN | Mineral Resources. | 88.56 | -2% | $17,127,672,075 |
| QXR | Qx Resources Limited | 0.048 | -2% | $43,946,254 |
| G88 | Golden Mile Res Ltd | 0.0225 | -2% | $4,705,564 |
| NMT | Neometals Ltd | 0.84 | -2% | $475,357,411 |
| RIO | Rio Tinto Limited | 125.1 | -3% | $47,675,298,364 |
| PLL | Piedmont Lithium Inc | 0.935 | -3% | $406,521,600 |
| LPD | Lepidico Ltd | 0.0155 | -3% | $122,204,348 |
| RGL | Riversgold | 0.028 | -3% | $27,418,564 |
| GL1 | Globallith | 2.16 | -4% | $477,508,093 |
| FTL | Firetail Resources | 0.135 | -4% | $9,100,000 |
| TMB | Tambourahmetals | 0.115 | -4% | $4,943,112 |
| AM7 | Arcadia Minerals | 0.22 | -4% | $10,740,515 |
| KAI | Kairos Minerals Ltd | 0.021 | -5% | $43,210,057 |
| LRD | Lordresourceslimited | 0.185 | -5% | $6,491,964 |
| LRV | Larvottoresources | 0.18 | -5% | $12,778,397 |
| TEM | Tempest Minerals | 0.0255 | -6% | $13,628,687 |
| PSC | Prospect Res Ltd | 0.1125 | -6% | $55,471,135 |
| WC8 | Wildcat Resources | 0.027 | -7% | $19,198,659 |
| PAM | Pan Asia Metals | 0.365 | -8% | $58,007,958 |
| WCN | White Cliff Min Ltd | 0.012 | -8% | $10,192,707 |
| FG1 | Flynngold | 0.095 | -10% | $8,223,971 |
A total of 62 lithium stocks finished in the green, 45 fell flat and another 30 stocks tumbled into the red.
Who’s got news out?
XANTIPPE RESOURCES (ASX:XTC)
Shares in XTC are on a tear after the company announced the commencement of drilling this week on lithium pegmatite targets within Exploration Lease E77/2609 in the southern part of the Southern Cross project.
Xantippe has an approved Program of Works (PoW) for the drilling and is now preparing to drill and complete the program in February.
The PoW comprises four RC holes for a total of 1,080m.
ST GEORGE (ASX:SGQ)
St George entered into an option to acquire the Woolgangie project, a package of nine exploration licences (granted or in application) with a total area of 1,200km2.
The project has received only superficial previous exploration for lithium bearing pegmatites and limited exploration for other types of mineralisation.
St George believes that systematic exploration for lithium and other critical metals offers an excellent opportunity for a new discovery.
ARCADIA MINERALS (ASX:AM7)
Assay results for all 23 drill holes at the Madube Pan area within the Bitterwasser project in Namibia have been received, indicating similar grades to the Eden Pan where a lithium JORC resource has been defined.
Importantly, AM7 says the central portion of the Madube Pan indicates elevated lithium results and when applying a cut-off of 500ppm, eight holes intersected clays of more than 500 ppm lithium content.
Both the Eden and Madube pans have only been drilled to a depth of up to 18m from surface, so the potential for further mineralised zones at depth exists over both prospects.
The plans to put out an independent JORC compliant mineral resource statement for the Madube pan by April.
PAN ASIA METALS (ASX:PAN)
The results of an 18 hole step out drilling program at Reung Kiet in southern Thailand have demonstrated “extensions at depth and along strike” of the existing resource, with more drilling planned to take place at the Bang I Tum lithium prospect, 8km to the north of Reung Kiet.
Pan Asia managing director Paul Lock says the results remain very positive with hits at the southern end of Reung Kiet the clear stand outs.
“Final assays required for the updated Mineral Resource will be received shortly and then CSA Global will start the required modelling and estimation work,” he says.
The post Eye on Lithium: General Motors makes largest-ever investment by an automaker in battery raw materials appeared first on Stockhead.
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