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GM and Lithium Americas to develop lithium production through $650-million investment

Charged

General Motors and Lithium Americas plan to jointly invest in the development of the Thacker Pass mine in Nevada, which the companies call “the largest known source of lithium in the US.” GM plans to use lithium carbonate from Thacker Pass in its proprietary Ultium battery cells.

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TDK Ventures invests in Novalith clean lithium-extraction technology

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Embargo til April 17 TDK Ventures has invested in lithium-extraction startup Novalith, which has developed a novel system for extracting battery-grade lithium from resource deposits. Novalith points out multiple drawbacks of current lithium production methods.

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LG Chem invests $75 million in Piedmont Lithium

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Battery manufacturer LG Chem will make a $75-million equity investment in Piedmont Lithium. LG will also commit to the offtake of 200,000 metric tons of spodumene concentrate (SC6) from Piedmont’s jointly-owned North American Lithium over a four-year term. Source: Piedmont Lithium of Piedmont common shares.

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BMW i Ventures to Invest in Green Lithium Refining Technology

Green Living Guy

May 17, 2022) – BMW i Ventures announced today a lead investment in the Series A-1 financing round of Mangrove Lithium, a feedstock-flexible modular platform producing battery-grade lithium hydroxide and carbonate to improve the sustainability profile of lithium. Mountain View, Calif.

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Cornish Lithium secures £18-million investment from TechMet

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Cornish Lithium has secured an investment package of up to £18 million ($24 million) from metals investment company TechMet. Cornish Lithium seeks to create a domestic supply of lithium and other battery metals for the UK. Simon Gardner-Bond from TechMet will join the Cornish Lithium Board.

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Ensorcia invests €200 million to build lithium hydroxide conversion plant in Europe

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Chile-based Ensorcia Metals , a specialist in extraction and transformation of lithium, reports that as a first step in its global expansion plans, it will invest €200 million for the construction of a European lithium hydroxide conversion plant under the auspices of its subsidiary, Sorcia Europe. Source: Green Car Congress

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Cornish Lithium receives £53M investment to develop domestic lithium supply

ThinkGeoEnergy

UK-based mineral exploration company Cornish Lithium has secured £53 million (approx. USD 67 million) in investment from the UK Infrastructure Bank along with the Energy and Minerals Group (EMG) and TechMet. The investors also have the option of making a £168 million second-stage investment.

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