What Ever Happened to Simbol Materials?

What Ever Happened to Simbol Materials?

For over a year and a half, California's Simbol Materials proved up its proprietary extraction process at its demonstration plant, and said in mid-January that it had plans to construct a large-scale plant. However, things came to an abrupt halt when Simbol fired 38 workers from its demonstration plant in February.

8 Top Lithium-producing Countries

The US Geological Survey has released its 2015 report on lithium, and Lithium Investing News took the opportunity to read up on the top lithium-producing countries of 2014.

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Videos

Simon Moores: Expect Supply Chain Focus for Megafactory Metals

Simon Moores of Benchmark Mineral Intelligence believes that the emergence of battery megafactories will put pressure on supply of graphite, lithium and cobalt. "What I would expect is more focus on the supply chain situation," he told Resource Investing News at VRIC.

Why Stria Lithium’s Latest Metallurgical Results Are So Important

Stria Lithium's president and CEO, Julien Davy, discusses the significance of recent metallurgical test results for the company. The results confirm that Stria can use lithium mineralization from its Pontax lithium project as feedstock for its new pilot plant.

Company News

Dajin Resources Welcomes Dr. Mark King to Advisory Board

Dajin Resources Welcomes Dr. Mark King to Advisory Board

Dajin Resources Corp. (TSXV:DJI,OTC:DJIFF) announced that Dr. Mark King, PhD, PGeo, FGC, is now part of Dajin's Advisory Board. Dr. King has extensive experience in the field of lithium brine deposits, and conducted groundbreaking analysis in this emerging industry. He is currently the President of Groundwater Insight Inc.

Pure Energy Extracts Lithium with Greater Than 99.9% Purity in Process Testing

Pure Energy Extracts Lithium with Greater Than 99.9% Purity in Process Testing

Pure Energy Minerals (TSXV:PE,FWB:A111EG,OTC:HMGLF) announced that in the final report and results of the lithium extraction processing work conducted by Tenova Bateman Technologies, greater than 99.9% lithium purity was achieved using the Bateman LiP™ (pre-treatment stage) and LiSX™ (main Li-removal) processes for extraction of lithium from brine. The LiSX™ process produced a Lithium Chloride Solution with a purity greater than 99.9%, with practically 100% Li recovery.

Dajin Resources Samples 73 to 382 ppm at Alkali Lake

Dajin Resources Samples 73 to 382 ppm at Alkali Lake

Dajin Resources Corp (TSXV:DJI,OTC:DJIFF) released assay results from its sediment sampling program at its Alkali Lake project in Nevada. The program confirmed the presence of near surface lithium in all 14 sediment samples, with values ranging between 73 and 382 ppm.

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Company Videos

Pure Energy Minerals CEO Robert Mintak Provides an Update on the Clayton Valley Lithium Brine Project

Pure Energy Minerals (TSXV:PE) CEO Robert Mintak spoke about the Clayton Valley Lithium Brine Project, located in Esmeralda County, Nevada - halfway between Las Vegas and Reno. According to Mr. Mintak, "In 2014, Pure Energy was able to successfully raise close to $4 million, which allowed us to begin exploration work on the project. Early drill results have shown promising lithium concentrations ranging from 230 to 400 parts per million. Additionally in 2014, Pure Energy was able to add additional management roles to the company including a new COO, Dr. Andy Robinson, PhD, Geoscientist with a history in water project development; and Alexi Zawadzki as VP of Business Development. Additionally, we added Prof. LeeAnn Munk, a world-ranking geoscientist on lithium brine resources."

Cobre Montana’s Adrian Griffin Talks Lithium in the Czech Republic

Cobre Montana (ASX:CXB) Managing Director Adrian Griffin is anticipating a Scoping Study for the Cinovec project in the Czech Republic, "within the next couple of months." He also said, "if you go back only 2 months, that project was considered a tin project; by applying the appropriate technology, we found that there is probably twice as much lithium value in that project as there is tin." Cobre Montana applied their licensed processing technology to extract lithium from the micas and achieved float recoveries of 98% and leach extraction of 99.5% lithium at Cinovec.

INN Video: Peter Secker of Canada Lithium

Canada Lithium (TSX:CLQ) President and CEO, Peter Secker, spoke with the Investing News Network at PDAC in Toronto on the Quebec Lithium Project.

Market News

Benchmark Mineral Intelligence on the Scale of Tesla’s Gigafactory

The latest update from Simon Moores of Benchmark Mineral Intelligence took a look at satellite images of Nevada that give an idea of the scale of Tesla Motors' (NASDAQ:TSLA) new gigafactory near Reno. The company is currently building phase 1 of its plant, and at just 20 percent of the overall size of the finished plant, phase 1 will be the largest lithium-ion battery plant in the world.

Lithium-ion Battery Manufacturing Costs Falling Faster Than Expected

In the latest note from Benchmark Mineral Intelligence, Simon Moores discussed falling manufacturing costs for lithium-ion batteries. Costs are five years ahead of schedule relative to International Energy Agency (IEA) forecasts from 2011, with costs falling at an average of 14 percent per year since 2000.

Apple Looking to Break into Electric Vehicle Market

Benchmark Mineral Intelligence reported that Apple Inc. (NASDAQ:AAPL) is being sued by A123 Systems Inc. (ETR:ALC), a lithium-ion battery producer, for stealing its employees to set up a new battery division.

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