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Best Lithium Stocks To Buy? 3 For Your Watchlist

Top Lithium Stock To Watch Lithium stocks have been a high performing…
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Top Lithium Stock To Watch

Lithium stocks have been a high performing sector in the last year. When many think of mining stocks, they will generally turn to gold or silver. But these investors are missing out on a huge market. Over the course of the last year and a half the lithium sector has grown in large numbers.

So why is lithium performing so well in the market? This is because lithium has a very important role with electric vehicles. Most electric vehicles are using lithium ion batteries in their cars. This means that as the demand for lithium has increased with the popularity of electric vehicles over time. This has been especially apparent in the last year. There are many lithium stocks that have risen to popularity as a result of the electric vehicle growth. Some analysts have predicted that all cars on the road will be electric vehicles in the next few decades.

Lithium stocks are still volatile despite all of the positive aspects of them. If a better battery technology is created as mentioned before, it could hurt lithium stocks. It is not likely that these batteries will become obsolete any time soon though. Although many lithium stocks have been performing well, there are precautionary steps that an investor can make before entering the sector. These seem obvious on the surface but can often be overlooked even by seasoned investors. One way to stay in the know when investing is with world news. World news that isn’t directly associated with the sector can often still have an effect on performance. Sector news is important as well. This could mean, for example, a sudden shortage of lithium that causes the price to move up. For now, let’s take a look at three lithium stocks performing well today.

Top Lithium Stock To Watch

  1. Livent Corporation (NYSE: LTHM)
  2. Lithium Americas Corp. (NYSE: LAC)
  3. Albemarle Corporation (NYSE: ALB)

Livent Corporation (NYSE: LTHM)

Livent Corporation is a lithium stock that engages in the manufacturing and selling of lithium ion batteries. It also deals in specialty polymer and chemical synthesis applications. It actively operates out of North America, Latin America, Europe, and more. Livent offers lithium compounds to be used for a variety of purposes as well. This is another high performing lithium company that has seen a lot of momentum in the last year. So what do Livent’s recent advancements look like at the moment?

On June 10th the company announced the pricing of an offering of 13,000,000 shares of common stock. The public offering priced, $17.50 per share is expected to bring in net proceeds of $219.4 million after deducting discounts and commissions. The net proceeds will be used for growth capital expenditures. These include lithium capacity expansion, general corporate purposes, and repaying outstanding amounts under its revolving credit facility. Keeping all of this information in mind, will LTHM stock make your watchlist this week?

Lithium Americas Corp. (NYSE: LAC)

Lithium Americas Corp. has been a huge lithium stock gainer in the last year. The return to investors who got in early has been large because of sector growth. Lithium Americas is a resource company searching for lithium deposits. It holds interest in many different projects throughout the world. Lithium Americas currently holds interest in the Cauchari-Olaroz Project, Thacker Pass project, and more. These projects are located in Argentina and Nevada.

The latest update from the company comes from June 10th. This is when the company announced two new directors and confirmed the election of board of directors. These directors are Kelvin Dushnisky and Jinhee Magie. The Chairman of the Board at Lithium Americas, Geroge Ireland said, “We are pleased to welcome Kelvin and Jinhee to our Board. Their knowledge and experience will be an excellent complement to the Board as we begin the transition from developer to operator.” One year ago the company was under $5 per share on average, and now LAC stock is at $13.60 per share. So will LAC stock make your lithium watchlist?

Albemarle Corporation (NYSE: ALB)

Ablemarle Corporation is a lithium stock that develops, manufactures, and markets engineered specialty chemicals. It operated in three different segments, being Lithium, Bromine Specialties, and Catalysts. Its Lithium section offers lithium compounds like lithium carbonate, lithium, hydroxide, and more. This is used for batteries in electric vehicles among a variety of other things. Its cesium products are used in pharmaceutical and chemical industries. Its bromine solutions are given for fire safety, chemical synthesis, water purification, beef and poultry processing and more.

There has been no new company specific news causing Albemarle stock to go up recently. But now an update has been released that could drive the price of ALB once again. On August 4th, 2021 the company will be releasing its second quarter 2021 earnings results. Earnings results are a huge deal in the mining industry as they can cause a company to go either way in the market. So with this in mind, will ALB make your mining stock watchlist?

The Future of Lithium Stocks

Lithium stocks and other mining assets can look attractive to long term investors, as it seems like the demand for lithium and other materials is constantly moving upwards resulting in share price increases. Now you may ask as prices go up, is it “too late” to invest in lithium stocks? That decision is up to the investor, but it seems like there is a lot of potential for lithium stocks in the market based on past market performance. So which companies will make your watchlist this week?

The post Best Lithium Stocks To Buy? 3 For Your Watchlist appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.



Author: Joe Samuel

Energy & Critical Metals

2 Years in Operation Alpha Lithium Secures Huge Backing From Uranium One at Tolillar Salar, Argentina

Pathway created to an implied project value of US$529 million and provides capital for commercial production facilityVANCOUVER, British Columbia, Nov….

Pathway created to an implied project value of US$529 million and provides capital for commercial production facility

VANCOUVER, British Columbia, Nov. 29, 2021 (GLOBE NEWSWIRE) — Alpha Lithium Corporation (TSX.V: ALLI) (OTC: APHLF) (Frankfurt: 2P62) (“Alpha” or the “Company”) is very pleased to announce a significant asset transaction with international, multi-billion-dollar, chemical processing conglomerate, Uranium One Group (“Uranium One”).

Uranium One’s wholly owned subsidiary, Uranium One Holding N.V. (“U1”), has agreed to invest US$30 million in exchange for a 15% ownership stake in Alpha’s 100% owned, 27,500-hectare Tolillar Salar in Argentina (“Tolillar”) and by doing so will earn an option to acquire another 35% of Tolillar for US$185 million (the “Option” or the “Earn-in Right”). If the Option is exercised, Alpha would retain a 50% interest in Tolillar, which would be fully funded up to the point of commercial production.

The transaction is limited only to Tolillar and when closed, is expected to leave Alpha with approximately $45 million of cash, free to focus expansion and developmental efforts on the Company’s nearby assets in the Salar del Hombre Muerto, one of the world’s most significant sources of lithium.

Alpha has formed a wholly owned subsidiary, Alpha One Lithium B.V. (“Alpha One”), which will be the sole owner of Alpha Lithium Argentina S.A., which in turn, will own only the Tolillar assets. On closing of the transaction, expected January 31, 2022 (the “Closing Date”), U1 will invest US$30 million into Alpha One and earn a non-operated 15% equity stake. Alpha will retain full control of Tolillar, management, and the board, and will be responsible for deploying the invested capital. The primary use of proceeds will be:

  • Additional developmental drilling and geophysical data gathering;
  • Construction of a permanent on-site camp to house up to 400 personnel;
  • Securing of natural gas, electrical energy, and water supply in sufficient quantities for commercial production;
  • Construction of a 5 Tonne per Annum (“tpa”) LCE pilot plant to provide proof of concept of the Tolillar’s flow sheet; and,
  • Completion of a Feasibility Study.

Upon completion of the Feasibility Study, U1 will have the option to acquire an additional 35% of Alpha One for US$185 million. Depending on the Net Present Value (“NPV”) of Tolillar, as determined by the Feasibility Study, the Company may receive a bonus payment (“Additional Consideration”) up to a maximum amount of US$75 million. The Additional Consideration would be payable directly to the Company, which would imply a total value of US$743 million for the Tolillar asset.

Should U1 exercise its Earn-in Right, the proceeds of the US$185 million equity injection are to be focused on the construction of an initial 10,000 tpa LCE commercial production facility. This initial production facility is intended to be the first module of several, allowing production to be expanded if and when it is desired. U1’s exercise of the Earn-in Right would provide them with the following:

  • Operatorship of the Tolillar project;
  • Control of the Board of Directors of Alpha One;
  • Marketing rights for 100% of the market-rate offtake from the 10,000 tpa production facility, whereby through its ownership percentage of Alpha One, Alpha would retain 50% of the economics of the offtake;

Brad Nichol, Alpha’s President and CEO commented, “This early-stage asset has attained a truly game-changing breakthrough for our shareholders. This sort of milestone is rarely achieved by a company with less than two years of operations and with a valuation at this level. Exercising the Earn-in Right implies a value at Tolillar of US$529 million, not including any Additional Consideration. Including the maximum Additional Consideration, the implied project value would be US$604 million, which is over CDN$750 million for the Tolillar asset alone. Uranium One has the ability to earn a 50% interest in Tolillar and Alpha will retain a 50% working interest in a salar that is funded up to the point of commercial production.” Nichol added, “Having gotten to know Mr. Shutov and his team over the past few months, I am truly pleased to be partnering with Uranium One, an internationally recognized, large-scale project developer. I have no doubt they will match our hunger for fast and full development of the Tolillar Salar, in addition to offering large project execution experience and significant downstream contacts in Europe.”

Andrey Shutov, President of Uranium One stated, “In alignment with our stated strategy of securing non-uranium mineral resources, Uranium One is very excited to work with the famous Alpha Lithium team to advance the Tolillar Project, located within the renowned Lithium Triangle, the world’s most prolific lithium region. This partnership agreement represents a scaled approach to expanding Uranium One’s lithium production, while allowing Uranium One and Alpha Lithium to collaborate on the development of Tolillar and implement efficient extraction technologies.”

The terms of the definitive agreements provide safeguards that prevent U1 from forcing a capital call or other dilutive event upon Alpha without recourse, in addition to typical rights of first refusal, tag-along and drag-along rights. Additionally, Alpha has an option to sell its equity stake in Alpha One if U1 were to issue a large capital call associated with a plant expansion in which Alpha may choose not to participate in. In this event, Alpha would receive fair market value plus a premium of 25% for its ownership in Alpha One and have a right of first offer to solicit higher offers.

Additionally, there are no restrictions that prevent a change of control within Alpha, should Alpha and its remaining non-Tolillar assets be subject to a corporate acquisition or similar event.

The Company has entered into definitive agreements with U1 in respect of the transactions set out herein, which are subject standard closing conditions including approval of the transactions contemplated herein by the TSX Venture Exchange.

It is expected that a finder’s fee equal to 4% of the initial US$30 million investment will be paid on the Closing Date to an arms-length third party and is to be settled in common shares of the Company at the most recent closing price of $1.23 per share. The shares will be subject to a hold period of four months plus one day from the date of issuance.

Miller Thomson LLP and Fox Williams LLP acted as legal counsel to the Company and Fort Capital Partners and Lionsgate West Capital acted as financial advisors to Alpha with respect to the transaction.

Michael Rosko, MS, PG, of Montgomery and Associates (M&A) of Santiago, Chile, is a registered geologist (CPG) in Arizona, California and Texas, a registered member of the Society for Mining, Metallurgy and Exploration (SME No. 4064687), and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Rosko has extensive experience in salar environments and has been a qualified person on many lithium brine projects. Mr. Rosko and M&A are completely independent of Alpha Lithium. Mr. Rosko has reviewed and approved the scientific and technical content of this news release.

ON BEHALF OF THE BOARD OF ALPHA LITHIUM CORPORATION

“Brad Nichol”

Brad Nichol
President, CEO and Director

For more information:
Alpha Lithium Investor Relations
Tel: +1 844 592 6337
[email protected]

About Uranium One

Uranium One is one of an international group of companies, all wholly owned subsidiaries of the Russian State Atomic Energy Corporation (“Rosatom”), as part of the management circuit of the TENEX group of companies of the Rosatom State Corporation. The company manages one of the world’s largest uranium mining holdings with a diversified portfolio of assets, and develops projects in Kazakhstan, Tanzania, Namibia and in South America. Rosatom recently assembled a team of lithium industry experts within Uranium One to focus on constructing one of the world’s largest lithium portfolios and to become a very significant provider of battery grade lithium to key international manufacturers.

About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) (Frankfurt: 2P62)

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina’s last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned “Lithium Triangle”. In Hombre Muerto, we continue to expand our 5,000+ hectare (12,570 acres) foothold in one of the world’s highest quality and longest producing lithium salars. Other companies in the area exploring for lithium brines or currently in production include Orocobre Limited, Galaxy Lithium, Livent Corporation, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.

Forward-Looking Statements

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of further brine process testing and exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

orocobre limited alpha lithium corporation

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Energy & Critical Metals

Top Rare Earth Stocks to Consider Heading into 2022

At the moment, nearly all rare earth comes from China, which has proven to be unstable. Worse, according to Forbes, China is stockpiling rare earths and…

At the moment, nearly all rare earth comes from China, which has proven to be unstable. Worse, according to Forbes, China is stockpiling rare earths and critical minerals for its own domestic use, as companies and governments face worldwide shortages due to new demand for electric vehicles. For example, analysts at UBS say electric vehicle demand could trigger a big increase in rare earth prices over the next few years, “especially for neodymium and praseodymium (commonly traded as NdPr) which could double from $50/kilogram to $100/kg by 2024. That’s part of the reason the U.S. – which relies on 80% of China for rare earth imports aggressively looking for other rare earth hot spots, which could be beneficial for Monumental Minerals Corp. (TSXV:MNRL) (OTC:MNMRF), Lynas Rare Earths Ltd. (OTC:LYSCF), MP Materials Corp. (NYSE:MP), Ucore Rare Metals Inc. (OTC:UURAF)(TSXV:UCU), and Rare Element Resources Ltd. (OTC:REEMF).

 

Monumental Minerals Corp. (TSXV:MNRL)(OTC:MNMRF) Just Announced Reconnaissance Trip to the Jemi Heavy Rare Earth Project

Monumental Minerals Corp. announced the appointment of an advisory board to assist with the exploration and drill target definition of the Jemi heavy rare earth element (HREE) Project located in Coahuila, Mexico, about 40 km south of the Texas, USA border.

The Jemi Project hosts numerous rare earth element (REE) occurrences containing potentially economic concentrations of the high value magnetic REEs including neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb) with associated tantalum (Ta), niobium (Nb), and zirconium (Zr). Jemi sits within the North American Alkaline Igneous Belt, an under explored north-south trend over 3000km long of alkaline igneous rocks and carbonatites that are host to numerous REE, gold and other critical element deposits.

The REE mineralization discovered to date at Jemi exhibits characteristics and mineralogy consistent with peralkaline intrusion related deposits, which represent an important potentially economic style for the highest value HREE. Deposits of this type are being explored and prepared for development in Australia, Europe and North America.

At present, ionic clay deposits in southern China and Myanmar are the primary source of the world’s HREE, however the limited resource size, high environmental legacy of such deposits and increasing export restriction, is driving the discovery and development other more sustainable sources of HREE. The REEs Dy and Tb are typically enriched in peralkaline deposits and are essential for the performance of high strength permanent magnets for electric vehicles and wind turbines.

Exploration at Jemi is currently at an early stage, with less than 5% of the Project having been evaluated for HREE. A site visit is currently being planned and is expected to occur within the coming weeks to lay next steps for exploration.

Proposed Advisory Board

 

Mark Saxon, FAusIMM, MAIG – Senior Technical Advisor

Mr. Saxon brings thirty years of experience in the resources industry, representing junior and senior companies in Australia, Canada and Europe. An Honours BSc graduate in Geology from the University of Melbourne, he received a Graduate Diploma of Applied Finance and Investment in 2007. Mr. Saxon’s experience covers most facets of the exploration and mining business in a wide range of geological environments, with a particular focus on discovery, processing, marketing and the political context of critical raw materials. Mr. Saxon has extensive experience in the exploration of peralkaline REE deposits.

 

Cal Everett, B.Sc, Technical Advisor

 

Mr. Everett is a geologist with more than 20 years of surface and underground exploration experience with senior mining companies. He moved to the financial sector in 1990 and spent 12 years with BMO Nesbitt Burns focused on resource equities, and seven years with PI Financial Corp. in senior resource institutional sales and capital markets. From 2008 to 2015, he was President and Chief Executive Officer of Axemen Resource Capital. Mr. Everett holds a Bachelor of Science degree in Economic Geology from the University New Brunswick. Mr. Everett is currently Chief Executive Officer and president of Liberty Gold Corp. (TSXV: LGD)

Dan Harmening, Technical Advisor

 

Dan Harmening is a Professional Land Surveyor and prospector with over 25 years of experience in the minerals exploration and mining business. He is the President, CEO and cofounder of Lago de Oro Resources and cofounder of 3rd Rock Exploration, both registered in USA and Mexico. Mr. Harmening is currently negotiating a sale agreement of Lago de Oro Resources SA de CV Mexico to a Canadian junior mining company. Previously, he vended several projects in Mexico, including the Jemi Rare Earth property into what is now Discovery Silver Corporation. He has facilitated over $40 million in private placements and open market investments in junior mining companies, and has consulted to several companies leading to major deposit discoveries in Nevada. Mr. Harmening holds a B.S. in Geomatics from Oregon Institute of Technology.

Craig Taylor, Strategic Advisor

 

Mr. Taylor is currently the CEO of Defense Metals (TSXV: DEFN) an advanced LREE exploration company that most recently completed a PEA on the Wicheeda Rare Earth deposit located in Prince George, British Columbia. From March 2008 until December 2016, Mr. Taylor was CEO of Saber Capital Corp., a former capital pool company, which was acquired by Aleafia Health in a $173mm transaction. In addition, he was a director of Valor Ventures, CPC that completed at QT with Advantage Lithium and was eventually acquired by Orocobre. Mr. Taylor was a founding director of Clear Mountain Resources Corp., a TSX-V listed company (now named Patriot One Technologies Inc.). Mr. Taylor has served as director and officer of several other public companies engaged in mineral exploration and development.

Other related developments from around the markets include:

Lynas Rare Earths Ltd. is taking the next step in its ESG journey with our commitment to the Science Based Targets initiative. In line with this commitment, and our Greenhouse Gas Policy, we will develop science-based targets with the Paris Agreement goal to limit the global temperature increase to well-below 2°C compared to pre-industrial levels. The Science Based Targets initiative is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC). Science-based targets provide a clearly defined pathway to future-proof growth by specifying how much and how quickly companies need to reduce their greenhouse gas emissions. Lynas Rare Earths CEO, Amanda Lacaze, said: “Lynas Rare Earths was built from the ground up as an ethical and responsible producer of Rare Earth materials and we embrace sustainability principles across all of our operations. As a science-based business, our commitment to the Science Based Targets initiative reflects our determination to make a positive impact today and work towards more challenging targets in the longer term.

MP Materials, announced its financial results. “The MP Materials team continues to deliver, with record quarterly production and shipments driving strong growth in revenue and Adjusted EBITDA,” said Chairman and CEO, James H. Litinsky. “Our performance reflects continued execution and cost discipline at Mountain Pass coupled with strong global demand for rare earth materials. Also in the quarter, we continued to march toward our goal to restore the full rare earth supply chain to the United States, including progress on our Stage II optimization project and Stage III downstream expansion into magnetics.”

 

Ucore Rare Metals Inc. announced that on November 10, 2021, the United States Department of Agriculture’s Forest Service issued a 1-year authorization for Ucore to commence with the Dotson Ridge 2021 Surface Exploration Project Plan of Operations. The Company has elected to conduct the sampling work during next summer’s field season and now has all required state and federal Project permits for this work. On May 12, 2021, Ucore announced the Project to upgrade its Bokan-Dotson Ridge heavy rare earth element mineral resource, disclosed in accordance with National Instrument 43-101, with a budget of approximately $400,000. The Project is expected to result in converting approximately 17-20% of the mineral resource to a new Measured mineral resource category; with over 90% of the new Measured material being drawn from currently Indicated mineral resource material and 10% from currently Inferred mineral resource material. This will be accomplished through the execution of approximately 50 additional channel samplings along the ≈2 km of exposed vein outcroppings of the Dotson Ridge Zone. Secondly, the Company will conduct bulk sampling activities to obtain ≈50 tonnes of additional mineralized material to facilitate prospective pilot-scale testing of its metallurgical recovery methods currently under laboratory-scale finalization at SGS Canada’s Lakefield facility.

 

Rare Element Resources Ltd. announced the finalization of negotiations with the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy for an Assistance Agreement providing approximately $21.9 million of government funds for the engineering, construction and operation of a rare earth separation and processing demonstration plant to be located in Wyoming. The DoE/EERE has notified General Atomics, an affiliate of Synchron, the Company’s largest shareholder, of the finalization of the award. The Company is a subrecipient to General Atomics in the demonstration project, which will incorporate the Company’s proprietary technology. As previously reported, RER, along with team members General Atomics, and its affiliates, and LNV, an Ardurra Group, Inc. company, as engineering and construction subcontractor, received notice on January 20, 2021 that it had been selected as a potential award recipient, subject to finalization of pre-award negotiations. Those negotiations have been successfully completed and the award has been finalized, resulting in an approximately US$21.9 million contribution by the DoE/EERE toward the total cost of the demonstration project. The award represents approximately one-half of the total estimated costs for the project, with the remainder of the funding to be secured by the Company. The Company, along with the other team members, is expected to finalize within the next several weeks contractual arrangements with General Atomics to perform work on the project.

 

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Monumental Minerals Corp. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Monumental Minerals Corp.. Please click here for full disclaimer.

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Green is Good: Playing to Win in a Multi-Trillion-Dollar Green-Tech Game

The COP26 Glasgow Climate Summit has made it clear that government will largely rely on private and listed companies adopting new green technologies…

The COP26 Glasgow Climate Summit has made it clear the Australian Government will largely rely on private and listed companies adopting new green technologies to hit net-zero by 2050, according to the organisers of IMARC.

Nowhere will this be more apparent than in Australia’s booming resources sector, and in perhaps no other sector is there so much investment upside, they say. COP26 leaders flagged eye-watering multi-trillion-dollar investment figures that will become available in the race to net zero, in addition to the more than one third of worldwide institutional investment that now requires an ESG component.

Mid-to-large cap companies that are not on-board, or above-board, with the ‘greening’ of their operations through technology will not only damage their reputations but miss out on an entire new generation of value-creation opportunities, according to the organisers.

Green technology comes in all shapes and sizes, as do the multiple challenges posed by phasing out fossil fuels. Advancing Australia to net zero will require a mix of technological advances, infrastructure upgrades and strong governance.

For the companies participating in Australia’s biggest mining conference, the International Mining and Resources Conference (IMARC) in 2022, early adoption of green technology is essential to creating value.

Net zero: the next big thing?

With about 200 nations signing on, the consensus of the Glasgow pact was clear – there is much for companies to gain by acting now, and everything to lose by sitting on their hands.

A ‘wall of new private sector money’ will be available to those companies that embrace green technology and clean up their operations, according to IMARC organisers.

This multi-trillion-dollar wall of new money does not include the soaring price of battery metals, and Australia’s position as one of the biggest beneficiaries of the green tech uptake.

According to the Resources and Energy Quarterly September 2021, Australia is the world’s largest exporter of lithium, the second largest producer of copper and produces more than one-quarter of the world’s nickel.

Schneider Electric President of Mining Minerals and Metals, Rob Moffit, said solar and wind generation were being rapidly adopted, but battery storage technology needs to improve so that uptake can continue to grow.

“As you generate more power, you need to find better and more efficient ways to store that power,” he said. “In line with that, there is going to be further investments into battery technologies, particularly the composition of batteries.

“Demand for artificial intelligence (AI) is also set to rise. As we combine multiple energy sources, it starts to become a complex system that needs to be managed. AI and machine learning are the best technologies to do this.”

Kirkland Lake Gold’s Senior Vice President, John Landmark, echoed the sentiments of Moffit and insisted that truly renewable, reliable infrastructure was vital to the transition.

“Power utility companies are the biggest hurdle to greening our industry,” he said. “Resource companies can only do so much in reducing their footprint, but clean and affordable energy is the biggest hurdle which lies outside of the hands of the resources company that needs to be cleaner.

“Having a ‘token’ windmill or solar panel looks great in a photo-op but doesn’t address the sustainable operation and use of such renewable energy.”

‘Greenwashing’: the elephant in the room

There is perhaps no greater threat to the ESG bona fides of a mining and resources company than ‘greenwashing’.

Greenwashing is the practice of misleading the media or the general public, or of taking advantage of a lack of awareness of what constitutes a legitimately ‘green’ or ‘clean’ technology, fuel or practice, the organisers said.

And it is firmly under the scrutiny of the public eye.

Most recently, the High Court of Australia refused to hear Volkswagens’ appeal against its A$125 million ($89 million) ‘Dieselgate’ fine – the largest penalty ever imposed on a company for misleading consumers – for deliberately deceiving regulators and customers about the environmental performance of its cars.

Landmark said greenwashing was a particularly problematic issue because a company that damages its own reputation often leads to other companies within an industry being tarnished with the same brush.

He said there is also a tendency in industry to satisfy public demand and ESG agency requirements, rather than focus on legitimate sustainable practices, “which fosters an environment where resource companies feel like they need to address these tick boxes, leaving companies to dilute their sustainability efforts on non-material issues or embellish on them”.

He added: “By Kirkland Lake Gold sticking to facts only and not elaborating extensively on our sustainability achievements, we aim to ensure our credibility is linked to true data.”

Moffit emphasised this notion, saying it was vital for companies to avoid the greenwashing trap.

“[It] can be achieved by having the right processes in place — specifically using scientifically-based, externally-audited, transparent and consistent protocols,” he said. “It is vital that all commitments are certified by science and must cover all emissions scope categories, not only the ones directly related to the company’s operations.”

Electricity or hydrogen?

Electric- and hydrogen-powered vehicles are often seen as competing technologies. However, mining operations are complicated beasts and, due to the size, location and technique – open pit or underground – of the operation, certain technologies will be better suited than others, according to the event organisers.

Landmark said having many viable options available was the best way to ensure greater uptake of new vehicle technologies and therefore a greener economy, but pointed out that it is, “crucial that both electric and hydrogen vehicles are powered by a green grid”.

Moffit said the most significant benefit of hydrogen technology in heavy industry and transportation is hydrogen’s superior energy density.

“Electric and hydrogen are complementary vehicle technologies,” he said. “Electrification is perfectly suited towards passenger vehicles, but it currently isn’t the ideal option for heavy-duty vehicles such as haul trucks due to the energy density of a battery, which is just 1%. This means that for a 40-t truck, just over four tonnes of lithium-ion battery cells are needed for a range of 800 km. This is not viable.”

Landmark and Moffit will be sharing further insights on green technology at the upcoming IMARC in Melbourne, Australia, on January 31-February 2, 2022.

The post Green is good: playing to win in a multi-trillion-dollar green-tech game appeared first on International Mining.

Author: Daniel Gleeson

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