Western Lithium and Lithium Americas Merge

Western Lithium and Lithium Americas Merge

Western Lithium (TSX:WLC) and Lithium Americas (TSX:LAC) have announced that both companies will merge in an all stock transaction worth C$80 million. Western Lithium will acquire all outstanding shares of Lithium Americas.

SQM and Corfo Continue to Butt Heads

Following recent reports regarding SQM's arbitration proceedings with Chile's CORFO, SQM came out with more of its own side of the story this week.

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Company News

Rare Earth Minerals Files Technical Report on Updated Mineral Resource for Sonora

Rare Earth Minerals Plc (LSE:REM) reported that Bacanora Minerals (TSXV:BCN,LSE:BCN). has filed a technical report for its updated mineral resource estimate for the Sonora lithium project in Mexico, announced May 14. Rare Earth Minerals has a joint venture agreement for the project with Bacanora.

Orocobre Raises $32.3 Million

Orocobre (ASX:ORE,TSX:ORL) has raised A$32.3 million in an oversubscribed placement. Proceeds will be used to fund Orocobre's lithium facility joint venture company for its Olaroz project in Argentina.

Houston Lake Mining Intersects 2.01 Percent Li2O Over 66 Meters at Pak Lithium Project

Houston Lake Mining (TSXV:HLM) reported results from four infill drill holes at its Pakeagama Lake pegmatite deposit on Wednesday. Highlighted intercepts included 2.02 percent lithium oxide over 66.05 meters including a 5.86 meter wide lithium zone averaging 4.15 percent lithium oxide. Mineralization at Pak remains open to depth and along strike to the northwest and southeast.

Western Lithium Funding Partner: Bangchak Petroleum

Western Lithium USA (TSX:WLC,OTCQX:WLCDF) has entered an agreement for a non-brokered private placement with an affiliate of Bangchak Petroleum Public Company Limited. Initially for $5 million, the agreement will be funded in two tranches.

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Market News

Chris Berry: Challenges Remain for Lithium-ion Battery Manufacturers

Chris Berry, president of House Mountain Partners and co-editor of the Disruptive Discoveries Journal, published a note that looks at the recent hype surrounding lithium-ion batteries. In it, he points out that manufacturers don't have it quite as easy as some enthusiasts believe.

Infographic: The Lithium-Ion Megafactories are Coming

The latest infographic from Visual Capitalist takes a look at the massive lithium-ion battery factories that are set to open in the not-so-distant future, which is expected to more than triple the production capacity by 2020.

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