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October 23, 2024

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In this video from StockCharts TV, Julius addresses US sector rotation and takes it to the next level when he dives into the breakdown of the Consumer Discretionary sector, looking at the industries inside that sector. While analyzing the sector from a top-down perspective, he shows you how you can get there using the tools on the StockCharts website.

Eventually, he arrives at one industry that stands out and highlights two stocks in that group with good potential in coming weeks.

This video was originally published on October 22, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past episodes of Julius’ shows can be found here.

#StayAlert, -Julius

The overall trend in the stock market’s broader indexes remains bullish. While the indexes were trading lower on Tuesday morning, they rebounded and ended the day relatively flat. The S&P 500 ($SPX) and Dow ($INDU) closed slightly lower, and the Nasdaq Composite ($COMPQ) closed a little higher.

Consumer Staples Sector Leads

Philip Morris International (PM) reported better-than-expected earnings, which increased the stock by 10.46% on Tuesday, making it the top performer in the S&P 500 (see MarketCarpet below). Walmart (WMT) was another stock that helped the Consumer Staples sector secure the top spot in Tuesday’s S&P 500 sector performance. WMT is the heaviest-weighted stock in the Consumer Staples sector, and it closed up by 1.51%, notching an all-time high.

FIGURE 1. MARKETCARPET FOR OCTOBER 22. Consumer Staples was the best-performing sector, mainly due to strong earnings from Phillip Morris.Image source: StockCharts.com. For educational purposes.

It’s worth viewing a daily chart of the Consumer Staples sector using the Consumer Staples Select Sector SPDR ETF (XLP) as a proxy.

FIGURE 2. DAILY CHART OF CONSUMER STAPLES SELECT SECTOR SPDR FUND (XLP). Although it was Tuesday’s leading sector, overall, it’s been trending lower. The S&P Consumer Staples Bullish Percent Index and its relative performance against the S&P 500 confirm the lack of momentum in this sector.Chart source: StockCharts.com. For educational purposes.

After hitting a high in mid-September, XLP has been trending downward within a channel. The S&P Consumer Staples Bullish Percent Index ($BPSTAP) is also trending lower, approaching the 50 level. A move below 50 would be bearish for the sector. XLP’s relative performance with respect to the S&P 500 is at -5.34%.

Overall, even though XLP was the highest sector performer on Tuesday, indicators point to a slightly weakening sector.

Tech Leads In One-Month Performance

If you look at a one-month performance of the 11 S&P 500 sectors, XLP sits in the bottom three. Technology is the leading sector in one-month performance. The Technology Select Sector SPDR ETF (XLK) is in a consolidation similar to the Nasdaq Composite ($COMPQ).

The Nasdaq has been moving sideways for the last week, but saw some action on Tuesday afternoon. If you look at the chart below, you can see the Nasdaq managed to maintain the support of the triangle and broke out above resistance. It looks like the Nasdaq wants to spring to the upside; it’s only 0.4% from its high. Maybe it’s pre-earnings anxiety. Most of the mega-cap tech stocks will be reporting quarterly earnings next week, so it could be getting a head start.

FIGURE 3. DAILY CHART OF NASDAQ COMPOSITE. The Nasdaq is in a narrow consolidation at the apex of a triangle. Which way will it break out? Look for the breadth indicators to confirm the direction.Chart source: StockCharts.com. For educational purposes.

The three breadth indicators—the Nasdaq Composite Bullish Percent Index ($BPCOMPQ), the percentage of Nasdaq stocks trading above their 200-day moving average ($NAA200R), and the Nasdaq Advance-Decline line (!ADLINENAS) in the lower panels—aren’t confirming the uptrend, although that could change if the Nasdaq gains momentum and roars higher.

Top of the News: Yields, Gold, US Dollar

Overall, it was a relatively quiet trading day in equities. With Tech earnings, key economic data, the presidential election, and a Fed meeting in the next two weeks, you’d expect a lot of uncertainty. Yet the CBOE Volatility Index ($VIX) is relatively low at 18.20.

The uncertainty was felt in other areas of the market. The benchmark 10-year US Treasury yield ($TNX) closed at 4.21%, gold prices ($GOLD) closed at a record high again, and the US Dollar Index ($USD) continues to strengthen.

The Bottom Line

Until the “uncertainties” become “certainties,” it may not make sense to add positions. Instead, focus on managing your open positions. Engage with the stock market by monitoring the StockCharts Sector Summary and MarketCarpets to see which sectors investors gravitate towards so you know how to allocate your portfolio.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company”) is pleased to announce the proposed acquisition of 100% of the issued share capital of 2D Generation Ltd (“2DG”) (“Proposed Acquisition”) and associated capital raise (“Capital Raise”).

Highlights:

Adisyn has entered into formal negotiations to acquire 100% of semiconductor IP business, 2D GenerationAdisyn will leverage 2D Generation’s innovative semiconductor solution to generate opportunities in AI1’s target markets including defence applications, data centres and cybersecurityThe semiconductor market is thriving as the data and computing power required for generative AI continues to grow exponentially – with the acquisition of 2D Generation, Adisyn will be well positioned to benefit from this significant technological opportunity2D Generation is a partner in the EU’s Connecting Chips Joint Undertaking with research and innovation partners including NVIDIA, IMEC, Valeo, Applied Minerals, NXP, and UnityFirm commitments received to raise $3m (before costs), subject to execution of the Proposed Acquisition Agreement

AI1 entered into a Collaboration Agreement with 2DG, a semiconductor IP business, as announced on 15 July 2024. The companies have since continued to work together and identified significant opportunities to leverage 2D Generation’s semiconductor solutions and industry relationships to enhance AI1’s offering in its target markets, as well as leverage each other’s business partners to improve market penetration.

Adisyn is delighted to advise that the companies have reached indicative terms for AI1 to acquire 100% of the issued share capital of 2D Generation Ltd which they will now look to finalise into a legally binding agreement. The Company and 2DG are working towards finalising and executing a binding share purchase agreement (SPA), which is expected to be executed within 3 weeks of todays announcement. The key indicative terms of the Proposed Acquisition are included in Annexure A of this announcement (Indicative Terms). Should the companies execute a binding Share Purchase Agreement, settlement of the Proposed Acquisition will still remain subject to satisfaction of various Conditions Precedent outlined in Annexure A.

The Proposed Acquisition is a critical move forward for AI1’s ever-expanding services businesses for data centres, managed IT, cybersecurity, and generative AI. The Proposed Acquisition will allow AI1 and 2DG to focus on developing capital-light semiconductor IP solutions for the data centre, cybersecurity, and managed IT business segments rather than competing in the high-capital expenditure (capex) infrastructure space. Based on the Indicative Terms of the Proposed Acquisition, Adisyn will be able to control the process in the development of 2D Generation’s unique Intellectual Property (IP) and maintain full ownership of the developed IP.

2DG is a partner in the European Union’s Joint Undertaking, ConnectingChips, which has been specifically formed and funded to fast-track the next generation of semiconductor chips to cope with generative AI’s ever-expanding processing requirements, need for speed, and lower power consumption. 2D Generation’s solution has the potential to substantially improve the efficiency of data centres and generative AI solutions, as well a range of other real-world technological applications. It is generally accepted that the current generation of AI chips will reach their useful limits by 2030 or sooner.

This announcement should be read in conjunction with the Indicative Terms. The Company is optimistic about concluding the SPA and the Proposed Acquisition. However, the Indicative Terms remain subject to negotiation by the parties and the execution of the SPA for the Proposed Acquisition. Completion under the SPA will be subject to a number of conditions, including due diligence, as set out in Annexure A. No binding agreement has been reached at this time and there is no certainty that the Proposed Acquisition will eventuate. The Indicative Terms (and this announcement) is preliminary, incomplete and non-binding and does not constitute a commitment to proceed with the Proposed Acquisition.

Capital Raise

The Company has received firm commitments from new and existing sophisticated investors to raise $3 million via an equity capital placement, which is subject to the entering into of the formal share purchase agreement for the Proposed Acquisition. The Capital Raise will raise $3,000,000 (before costs) through the issue of 60,000,000 Shares at an issue price of $0.05 each (Placement Shares) together with 1 free attaching Option (exercisable at $0.075 within 3 years of Issue) for every 4 Shares subscribed for and issued, representing 15,000,000 Options (Placement Options).

The price for the Placement Shares represents an 9% discount to the Company’s last closing price, and a 6% premium to the Company’s 5 day VWAP. Completion of the Capital Raise is subject to finalising and executing the binding SPA for the Proposed Acquisition. The Placement Shares will be issued utilising the Company’s existing placement capacity under Listing Rules 7.1 and 7.1A. The 15,000,000 Placement Options will be issued subject to shareholder approval.

Click here for the full ASX Release

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Augustus Minerals Limited (ASX: AUG; Augustus or the Company) is pleased to announce that it has raised $500,000 from professional and sophisticated investors (Placement).

Augustus Minerals has raised over $500,000 via a Placement.Proceeds from the capital raising will fund:On-ground exploration at the large Munaballya Well uranium target following up the recent VTEM Heli airborne geophysics program.An expanded soils/rock chip program to progress newly identified rock chip prospects to drill ready status and continue the exploration over as yet untested areas.Exploration works are continuing over various targets along the highly prospective Ti- Tree Shear with diamond drilling in progress at the Minne Springs Copper- Molybdenum porphyry prospect.

Under the placement, AUG will issue 10,000,000 fully paid ordinary shares (Shares) at an issue price of $0.05 per Share.

Funds raised through the Placement will be used primarily for the following:

On-ground exploration at the large Munaballya Well uranium target following up the recent VTEM Heli airborne geophysics program (final interpretation imminent).An expanded soils/rock chip program to progress newly identified rock chip prospects to drill ready status and continue the exploration over as yet untested areas.Heritage survey over newly defined areas once progressed to drilling status,Working capital and costs of the Placement.

The Munaballya Well (GSWA listed uranium occurrence) main basin U anomaly covers 4km x 0.7km area, with uranium concentrated in weathered dolomitic marls of Carnarvon Basin sediments. Figure 1 shows the area of the main uranium channel anomaly from an open file ground radiometric survey conducted by Thundelarra Uranium, as carnotite is concentrated in top 5-10m of weathered dolomitic layers.

VTEM survey is testing for near surface weathering of surficial zones as well as investigating the potential for deeper Unconformity Style mineralisation along the contact between the basement granites and metamorphics and the Carnarvon Basin sediments.

The Placement Shares will be issued utilising the Company’s existing Listing Rule 7.1 capacity.

Click here for the full ASX Release

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Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or the “Company”) is pleased to advise that it has received firm bids for the remaining shortfall (Shortfall Placement) from its recent Entitlement Offer to raise a further approximately $1,677,532 (before expenses) at the issue price of $0.002 per Share. This will bring the total capital raised under the Rights Issue to approximately $2,106,894 (before expenses).

This Shortfall Placement forms part of the non-renounceable pro rata entitlement offer, of one (1) new fully paid ordinary shares in Prodigy (Share) for every two (2) Shares held at an issue price of $0.002, together with two (2) unquoted Attaching Options for every three (3) New Shares issued, which was announced on 20 August 2024 (Entitlement Offer) and closed on 26 September 2024.

The Directors engaged Ignite Equity Pty Ltd as lead manager to place the shortfall of 838,765,902 Shares not subscribed for pursuant to the Entitlement Offer and Shareholder Shortfall Offer, together with two (2) unquoted Attaching Options for every three (3) New Shares placed for nil additional consideration (Public Shortfall Offer). The Attaching Options have an exercise price of $0.005 and are exercisable at any time prior to 5:00pm (Sydney time) on 30 November 2027.

Ignite Equity Pty Ltd (ACN 658 888 601), will be paid a 2% management fee plus a 4% capital raising fee on introduced funds. The Shares and Attaching Options will be issued once the funds have been received which is anticipated within approximately one week.

The Board wishes to thank all existing and new shareholders who have participated in the Entitlement Offer and the Shortfall Placements.

This announcement has been authorised for release by Prodigy Gold’s Board of Directors.

Click here for the full ASX Release

This post appeared first on investingnews.com

Lithium demand is expected to increase significantly in the coming decades as the world turns to greener sources of energy to meet its net-zero goals. But extracting and processing lithium is not an easy task, and challenges and delays are common across projects in the industry.

Many experts believe new technologies could be a way to bring more supply online at a faster rate, with direct lithium extraction (DLE) being called the next potential game changer for the industry.

DLE refers to a variety of technologies used to extract lithium from brines. Some projects are already producing lithium using DLE methods in China and South America, and many junior miners looking into these processes to bring their projects online.

For Goldman Sachs (NYSE:GS), DLE has the potential to significantly impact the lithium industry, “with implementation on the extraction of lithium brines potentially revolutionary to production/capacity, timing and environmental impacts/permitting.’

Using filters, membranes, ceramic beads or other equipment, DLE technologies extract lithium from brines faster than traditional methods and have a lower carbon footprint. According to Fastmarkets, 13 percent of the world’s lithium will be produced using DLE by 2030.

But questions remain as to when DLE might make a difference at a commercial scale, and there are also concerns related to water usage. Currently, the only commercially proven approach to DLE has been adsorption; other methods, such as ion-exchange or solvent extraction, are still in the pre-commercial stage.

“It’s certainly part of our long-term forecasts, but it is a question of time,” he said. “We are getting closer and closer to the stage where we will see it.”

What to look for in a DLE stock?

“We have to think of them separating what is brines in salt lakes, and maybe very low-grade lithium brines in other places,” he said. “To put it simply, I don’t think we will have any supply coming from these technologies in the next five years.”

Similarly, Chris Berry of House Mountain Partners pointed out that direct lithium extraction is not a single technology.

He added that when looking at companies to invest in, the basics — such as whether the management team has ever done this before — are key. “What is their capability with respect to very complicated chemical processing? There’s some experience out there, but we need a lot more of it,’ Berry explained.

For Rodney Hooper of RK Equity, DLE is an opportunity. “The way I look at DLE opportunities has always been to value it as optionality rather than as a project,” he said. “It’s a big bid on a new technology, but it is needed, it would fit very well in the ESG narrative, so we hope that it does work. But the timelines need to be more realistic in terms of building pilot plants or projects on a stage-by-stage basis, and then seeing that they pan out.”

Which lithium companies are betting on DLE?

One of the most well-known lithium producers in the western world currently using a proprietary DLE process is Argentina-focused Livent (NYSE:LTHM). Given Chile’s recent push for more DLE, producers SQM (NYSE:SQM) and Albemarle (NYSE:ALB) are also looking into this technology. Aside from that, diversified miner Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) invested in a DLE project in Argentina last year, and Eramet (ERA:EPA) is also developing an asset in the South American country using this technology alongside China’s Tsingshan Holding Group.

Within the private sector, Controlled Thermal Resources, EnergyX, EnergySource Minerals, IBC Advanced Technologies and Cornish Lithium are some of the players in the DLE space.

1. Vulcan Energy Resources (ASX:VUL,OTC Pink:VULNF)

Company Profile

Market cap: US$622.12 million
Share price: AU$4.89

Vulcan Energy Resources is focused on lithium production in Europe, with projects in Germany and Italy. The company says it is aiming to decarbonize lithium production by ‘producing a world-first lithium hydroxide monohydrate chemical product with carbon neutral footprint.’

To this end, Vulcan is developing the Zero Carbon lithium project in Germany’s Upper Rhine Valley using a proprietary alumina-based adsorbent process. Vulcan draws on naturally occurring, renewable geothermal energy to power the lithium extraction process, and the process also creates a renewable energy by-product. This extraction method also uses significantly less water than traditional extraction methods and has a small footprint, according to the company.

Vulcan has signed lithium offtake deals with Netherlands-based Stellantis (NYSE:STLA), Renault (EPA:RNO) and Volkswagen (OTC Pink:VLKAF,FWB:VOW). Starting in 2026, Vulcan is set to deliver between 26,000 and 32,000 metric tons (MT) of battery-grade lithium chemicals for an initial six-year term to Renault, and between 34,000 and 42,000 MT of battery grade lithium hydroxide over a five-year term to Volkswagen. Aside from signing supply deals with automakers, Vulcan has inked agreements with battery materials maker Umicore (EBR:UMI) and South Korea’s LG Energy Solutions.

2. TETRA Technologies (NYSE:TTI)

Market cap: US$444.3 million
Share price: AU$3.38

TETRA Technologies is an energy services and solutions company. In recent years, it has expanded its business into the low carbon energy markets. This includes the commercialization of its TETRA PureFlow ultra-pure zinc bromide clear brine fluid for stationary batteries and energy storage, as well as the development of its lithium and bromine assets in Arkansas.

TETRA and Standard Lithium, the next DLE company on this list, inked agreements in 2017 and 2018 that allow Standard Lithium to extract lithium from a portion of Tetra’s brine leases.

In August 2024, private DLE firm KMX Technologies announced it had secured funding from TETRA Technologies to help develop and bring to market products for the commercial processing of battery-grade lithium. TETRA CFO Elijio Serrano will also be joining the KMX board of directors.

3. Standard Lithium (TSXV:SLI,NYSEAMERICAN:SLI)

Company Profile

Market cap: US$381.01 million
Share price: C$2.74

Standard Lithium’s flagship projects, the Lanxess project and the South West Arkansas project, are located in Southern Arkansas, US, near the Louisiana state line. They are part of the Smackover formation, a geological formation that stretches across multiple US states and is a prolific source of oil. More recently, it has been looked at for its lithium brine potential.

Standard Lithium completed a pre-feasibility study for the project in September 2023 based on an indicated mineral resource estimate of 269,000 MT of lithium with an inferred resource of 74,000 MT. The study demonstrated a base case after-tax net present value of US$3.09 billion with an internal rate of return of 32.8 percent and a payback period of four years.

The company has a partnership with specialty chemicals company Lanxess (OTC Pink:LNXSF). At Standard’s DLE demonstration plant at the Lanxess project, the company is testing commercial lithium extraction and purification of brine. A definitive feasibility study for the plant also released in September 2023 shows an after-tax net present value of US$550 million and an internal rate of return of 24 percent, as well as an annual production of 5,700 MT of battery-quality lithium carbonate.

The company is also pursuing the development of other projects in East Texas’ portion of the Smackover formation, as well as approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.

Standard partnered on a 55/45 joint venture for South West Arkansas and East Texas with Equinor (NYSE:EQNR) in May 2024. In September, Standard announced it had been selected by the US Department of Energy for an award of up to US$225 million to develop the South West Arkansas project.

4. International Battery Metals (TSXV:IBAT)

Company Profile

Market cap: US$88.17 million
Share price: C$0.44

International Battery Metals is a DLE technology company that says it has ‘developed and patented the world’s fastest, scalable lithium-processing technologies and has pioneered the only patented technology able to achieve commercial-scale lithium production in just 18 months.’

The company’s proprietary modular DLE technology quickly and efficiently recovers more lithium from brine than traditional methods, with recoveries of 68 percent, and is more environmentally friendly than traditional methods as well.

International Battery Metals achieved first commercial production in July 2024 at its proprietary modular DLE plant in Utah. The company heralded it as ‘an industry landmark representing the first lithium produced from the only modular DLE operation in the world and the first commercial DLE operation in North America.’

5. Anson Resources (ASX:ASN,OTCQB:ANSNF)

Press ReleasesCompany Profile

Market cap: US$68.59 million
Share price: AU$0.079

Anson Resources, via its subsidiary A1 Lithium, is developing the Paradox lithium project in Utah, US. The project hosts a mineral resource estimate of 1.04 million MT of lithium carbonate equivalent and 5.27 million MT of bromine.

The company partnered with Sunresin, a Chinese company offering DLE lithium technology, to use its proprietary DLE process at Paradox.

Anson has reached a number of important milestones in 2024. In May, the company secured a binding offtake agreement with LG for 4,000 dry metric tons per year of battery-grade lithium carbonate over five years beginning in 2027. Shortly after, Anson received its first permit approval from Utah’s Department of Natural Resources to source water, or brine, for lithium extraction at its Green River lithium project.

Anson partnered with Koch Technology Solutions in June to use Koch’s Li-Pro process for a pilot Lithium Selective Sorption unit at the Green River lithium project. The company announced in August that it had produced its first battery-grade lithium carbonate from brines at Paradox, and can now provide product samples to potential off-take partners.

6. E3 Lithium (TSXV:ETL,OTCQX:EEMMF)

Press ReleasesCompany Profile

Market cap: US$64.01 million
Share price: C$1.23

E3 Lithium is developing the Clearwater lithium project in Alberta with the goal of producing high-purity, battery-grade lithium products. E3 plans to process brine from Clearwater using its DLE ion-exchange technology, which it is scaling towards commercialization.

The company’s technology uses a proprietary sorbent designed to be highly selective toward lithium ions, allowing it to ‘quickly and efficiently reduces large volumes of low-grade brine into a high-grade lithium concentrate in one step, simultaneously removing nearly all impurities.’ It achieves over 90 percent recoveries and reduces impurities by over 98 percent.

The company received C$3.5 million in funding from Natural Resources Canada for a pilot project using its DLE technology to extract lithium from Leduc brines in Alberta, and data from it helped to inform the June 2024 pre-feasibility study, which confirmed the economic viability of the Clearwater project. In October 2024, E3 Lithium stated it had successfully completed all milestones of the pilot project.

Earlier in the year, E3 Lithium completed expansion work at its Calgary-based lab to include the production of battery-grade lithium carbonate. The company announced plans in August to construct a fully integrated lithium brine demonstration facility in Alberta aimed at producing battery-grade lithium carbonate from brines within the Leduc reservoir. The Government of Alberta has invested C$5 million in the plant. That same month, E3 Lithium entered into a partnership with Pure Lithium to design a lithium metal anode and battery pilot plant in the province.

7. Lake Resources (ASX:LKE,OTCQB:LLKKF)

Press ReleasesCompany Profile

Market cap: US$59.697 million
Share price: AU$0.07

Lake Resources is a lithium developer using state-of-the-art ion-exchange extraction technology for the production of sustainable, high-purity lithium from its flagship Kachi project in Catamarca, Argentina. The company’s technology partner is California-based Lilac Solutions, which says its technology protects the environment while accelerating project development, increasing recovery and yielding a high-purity product.

The low price environment for lithium carbonate and difficulty finding a strategic partner led Lake Resources to place the project on hold in June 2024. The company is still planning to bring the project into production in 2027 if market conditions improve.

8. Arizona Lithium (ASX:AZL,OTCQB:AZLAF)

Company Profile

Market cap: AU$50.69 million
Share price: AU$0.017

Arizona Lithium is an exploration company headquartered in Australia and engaged in the development of North American lithium projects, with its Big Sandy lithium project in Arizona and Lordsburg lithium project in New Mexico. At the end of 2022, Arizona Lithium acquired Prairie Lithium, a lithium exploration and technology company. The acquisition brought the Prairie lithium project in Saskatchewan, Canada, and the company’s DLE technology, into Arizona Lithium’s portfolio.

In November 2023, the company commence operations at a pilot DLE test plant at the Prairie project, using Prairie’s proprietary lithium extraction technology. The DLE method employs an ion-exchange material to selectively extract lithium from brine using equipment that is expected to be readily available at commercial scale. The following month, Arizona Lithium completed a positive preliminary feasibility study confirming ‘average operating costs of US$2,819 per tonne over the operating life of the project,’ which it said make Prairie one of the lowest cost projects globally.

The pilot plant project, completed in April 2024, processed over 200,000 liters of brine and produced over 13,500 liters of lithium concentrate. The steady-state phase achieved an average lithium recovery rate of 95 percent. The next month, Arizona Lithium started production drilling at the Prairie lithium project. As of October 2024, construction of Pad 3 had been completed with drilling commencing in the coming weeks. The company plans to identify another nine pads with the goal of reaching total steady state production of 24,000 MT per year.

9. Century Lithium (TSXV:LCE,OTCQX:CYDVF)

Press ReleasesCompany Profile

Market cap: US$45.64 million
Share price: C$0.40

Century Lithium is advancing its wholly owned Angel Island mine, previously named the Clayton Valley project, which hosts an extensive surface lithium-bearing claystone deposit adjacent to Albemarle’s Silver Peak brine operation in Nevada, US. Of key importance for Nevada-based lithium operations, the company has secured a water rights permit that will cover the majority of the project’s future water requirements.

Century has outfitted its lithium extraction pilot plant in Nevada’s Amargosa Valley with Koch Technology Solutions’ DLE equipment to produce an intermediate concentrated lithium solution.

In August 2023, testing completed at Saltworks Technologies in British Columbia, Canada, once again showed that product solutions processed via DLE at Century’s pilot plant are capable of producing low-cost, high-purity lithium carbonate for the electric vehicle and battery storage markets.

The following April, the company released a positive feasibility study for the Angel Island project outlining a three-phase production plan to produce an average of 34,000 MT per annum of battery-quality lithium carbonate over the 40-year life of the mine. Century Lithium added a lithium carbonate stage to the lithium extraction pilot plant in August, and began producing 99.5 percent lithium carbonate in September.

10. CleanTech Lithium (LSE:CTL,OTCQX:CTLHF)

Press ReleasesCompany Profile

Market cap: US$20.45 million
Share price: GBX 11.10

CleanTech Lithium is an exploration and development company focused on lithium projects in Chile. The company has three prospective lithium projects: Laguna Verde, Francisco Basin and Llamara. CleanTech Lithium is committed to using renewable power for processing, and it is using DLE in part to reduce the environmental impact of its lithium production.

The company says the DLE method, which is being provided by Sunresin, offers short development lead times and low upfront capital expenditure, as well as no extensive site construction and no evaporation pond development. This means there is no water depletion from the aquifer or harm to the local environment.

In July 2024, CleanTech reported that the first stage of production at the DLE pilot plant was complete with the production of a sample of battery-grade lithium. The company and its partners are working to optimize the downstream process to further lower energy use and carbon emissions as well as capital and operating costs.

11. LithiumBank Resources (TSXV:LBNK,OTCQX:LBNKF)

Press ReleasesCompany Profile

Market cap: US$14.38 million
Share price: C$0.405

LithiumBank Resources is a development company focused on lithium-enriched brine projects in Western Canada — including its Boardwalk lithium project in Alberta — where it says low-carbon-impact, rapid DLE technology can be deployed.

The company has partnered with Conductive Energy to use its ion-exchange DLE process at Boardwalk. Conductive’s ion-exchange materials extract lithium from brine resources to produce lithium chloride, which is then processed using Conductive’s electrolytic refining process to create battery-grade lithium.

LithiumBank announced in September that initial pilot plant operations at its DLE facility in Calgary, Alberta, resulted in recoveries greater than 98 percent of lithium from brine and over 40,000 liters of brine sourced from four wells at Boardwalk.

“Successfully recovering over 98 (percent) lithium from Boardwalk brine at the pilot scale is a very significant achievement for LithiumBank,” stated Executive Chairman Paul Matysek. “Consistently achieving this level of recovery at scale is of paramount importance as we work towards efficiently producing a battery grade lithium.’

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

A massive fire is ripping through a protected wetland in New Zealand, threatening its delicate ecosystem and the rare species that live there – some found nowhere else on Earth.

The blaze at the Waikato wetland on the country’s North Island is 15 kilometers (nearly 10 miles) in perimeter and has burned more than 2,471 acres (1,000 hectares) since it began on Monday, authorities said, as they warned it could take days to bring under control.

Experts have also warned of the potential damage to what is one of New Zealand’s largest carbon sinks – environments, such as oceans and forests, that remove more carbon dioxide from the atmosphere than they contribute, and are critical to slowing global warming and other impacts of the climate crisis.

About 50 firefighters are working alongside helicopters and airplanes at the site south of Auckland, the country’s largest city, according to Fire and Emergency New Zealand (FENZ). There is no immediate danger to residents and businesses in the area, authorities said.

“This is a large fire and it could take some days to bring it under control properly,” said Incident Controller Mark Tinworth in a news release on Wednesday.

The presence of peat – the accumulation of dead and slowly decaying plant material common across bogs and wetland – had made the fire “particularly challenging,” as it can burn underground and can be hard to find and extinguish, he added.

The blaze poses a major risk to the wetland ecosystem, an important habitat that’s found in few other places, experts say. The wetland is a patchwork of swamps, bogs, marshes and open water surrounding two rivers – designated as one of three nationally significant sites in the government’s wetlands restoration program.

Part of the Ramsar List, an international treaty that aims to protect important wetlands, it’s also a breeding site for threatened bird species.

The wetland is also home to various other rare fish and plants, he added, such as the endangered swamp helmet orchid – which isn’t found anywhere else in the world.

Fragile ecosystem

It’s not yet clear where or how the fire started, and investigators are on the scene to determine its origin.

But even before the blaze, the Waikato wetland, like many other unique habitats in New Zealand, was at risk due to environmental degradation and the climate crisis.

It has been “dramatically changed” over the years due to human land use, increased flooding, and the introduction of non-native species, according to the Department of Conservation – damaging the ecosystem’s health and its ability to perform crucial functions.

The wetland is a type of raised peat bog – a “very rare habitat” and “one of the few remaining in the southern hemisphere,” Jones, from the department, told RNZ.

Carbon sinks are critical to slowing global warming and other impacts of the climate crisis; for instance, the Amazon rainforest, long known as the “lungs” of the planet, holds the equivalent of 15 to 20 years of the entire world’s global carbon stores.

But when these carbon sinks come under threat, that stored carbon can be released back into the environment. The Amazon is already beginning to collapse and is now releasing more carbon than it absorbs, mainly because of forest fires and logging.

As the fire burns it’s too soon to assess the extent of its damage or impact on the ecosystem, Jones told RNZ. However, he added, “this fire will be releasing some of the stored carbon back into the environment.”

There are other challenges too – authorities warned members of the public not to fly drones near the fire on Wednesday after the sighting of one forced firefighters to temporarily halt operations, due to the risk of a mid-air collision.

“This is a really beautiful part of the country with considerable environmental value, and we’re doing our best to prevent it from being destroyed,” FENZ’s Tinworth said in a separate release on Tuesday.

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There is growing intelligence that North Korea has been readying itself for a more direct role in Russia’s war in Ukraine, a move that could reverberate far beyond the frontlines of the war raging in Europe.

Both Ukraine and South Korea have claimed that North Korean troops were dispatched to Russia for training with the aim of being deployed to Ukraine.

Russia and North Korea have denied the reports, while South Korea has hinted that any deployment could cause it to reassess what level of military support it gives Ukraine.

In recent months, Moscow and Pyongyang have deepened their anti-United States military partnership and the growing alliance has concerned officials in Kyiv and Washington.

Here’s what we know.

Are North Koreans in Ukraine?

Ukrainian President Volodymyr Zelensky has repeatedly warned that North Korean troops are joining Russia’s war, telling a NATO summit last week that “10,000” soldiers and technical personnel were being prepared.

On Tuesday, the president said in his evening address that Ukraine had intelligence about Russia “training two military units from North Korea” involving perhaps “two brigades of 6,000 people each.” Zelensky also told reporters that Ukraine has seen North Korean “officers and technical staff in the temporarily occupied territories” and believes Russia is “preparing a grouping” to enter Ukraine.

Meanwhile, South Korea’s spy agency, the National Intelligence Service (NIS), said Friday that North Korea has shipped 1,500 soldiers, including special forces fighters, to Russia for training.

What’s North Korea’s relationship with Russia?

Russia and North Korea, both pariahs in the West, have forged increasingly friendly ties since Moscow’s invasion.

In June, the two nations signed a landmark defense pact and pledged to use all available means to provide immediate military assistance in the event the other is attacked.

Multiple governments have accused Pyongyang of supplying arms to Moscow for its grinding war in Ukraine, a charge both countries have denied, despite significant evidence of such transfers.

The arms shipments, which include thousands of metric tons of munitions, have helped Russia replenish its dwindling stockpiles in a war where Ukraine’s forces have long been outgunned and outmanned. Meanwhile, cash-strapped North Korea is believed to have received food and other necessities in exchange.

The hermit nation also seeks to advance its space, missile and illegal nuclear programs.

What has the reaction been?

Kremlin spokesman Dmitry Peskov has dismissed the allegations that North Korean personnel had been sent to help Russia as “another hoax.”

When asked directly by reporters on Monday whether Moscow was sending North Korean troops to fight in Ukraine, Peskov said that North Korea is a “close neighbor” and the two states were “developing relations in all areas.”

“This cooperation is not directed against third countries,” he said.

North Korea called the claims “groundless, stereotyped rumors,” during a UN General Assembly meeting Monday.

But Seoul is not taking this lightly.

On Monday, its Foreign Ministry summoned the Russian ambassador and urged an “immediate withdrawal of North Korean troops.”

South Korean First Vice Minister of Foreign Affairs Kim Hong-kyun warned the alleged deployment violates UN Security Council resolutions. The National Security Office held an emergency meeting to discuss a possible South Korean response.

Following the meeting, Kim Tae-hyo, the first deputy director of national security, said the government would implement “phased countermeasures” according to the “progress of the military cooperation between Russia and North Korea.”

It is unclear what the measures would be, but a South Korean government official said that they are preparing “diplomatic, economic and military measures.”

As North Korea is in the “preliminary stage of deploying troops to Russia,” South Korea is assessing whether it will proceed to “actual combat participation,” the government official added.

“We are developing scenarios to understand the potential impacts North Korea and Russia’s actions could have on us,” the government official said.

Seoul, one of the world’s largest arms suppliers, has provided humanitarian aid and financial support to Ukraine, while joining Western sanctions against Moscow. But it has has not directly provided lethal weapons to Kyiv due to arms export controls to countries at war.

The stakes are high.

North and South Korea are separated by one of the world’s most militarized borders and remain technically in a state of war. Relations between the two have deteriorated in recent years with an uptick in fiery rhetoric on both sides of the demilitarized zone.

The US has not publicly confirmed the North Korean troop deployment, saying it is “continuing to look into the reports.” A State Department spokesperson said Tuesday that if true, “it certainly would mark a dangerous and highly concerning development” and that the US would continue to consult with its allies “on the implications of such a dramatic move.”

But British Defense Minister John Healey told Parliament Tuesday “it is now highly likely that the transfer of hundreds of combat troops from North Korea to Russia has begun.”

What’s the significance?

Any intervention by North Korea could be a watershed moment. The isolated and heavily sanctioned regime taking a role in a major international conflict on the other side of the world is something it has not done in decades.

The state has one of the largest militaries in the world, with 1.2 million soldiers, but many of its troops lack combat experience.

Analysts say the North Korean regime would have a lot to gain from deploying troops, including giving its forces battlefield experience and technical training. The arrangement could also help North Korea gain real-world intelligence on the functioning of its weaponry.

“The special forces troops will come back with live battlefield experience, live infiltration experience against an alerted combat opponent. That makes them more dangerous,” said Carl Schuster, former director of operations at the US Pacific Command’s Joint Intelligence Center.

“I think Kim is providing the troops to gain the resources he needs to sustain the regime, and lessons learned that he might apply if he thinks the conflict is coming in the peninsula,” he added.

Those deployed would be special “elite” forces rather than conventional troops, analysts say.

“If they succeed there, they will get not only firsthand battle experience, but international recognition. So, this could be a real serious problem for the entire world,” Chun said.

“What if the North Koreans make this a habit? What if they become a base for supplying well-trained soldiers? The potential of this deployment should be very concerning.”

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“La tasweer! La tasweer!” (“Don’t film! Don’t film!”) the general shouted, his eyes flashing with anger, his jaw clenched as he stormed towards us. A couple of fighters hopped off the back of the militia’s lead truck, fanning out around our vehicle, their rifles drawn.

The second truck that had been following us, tan-colored and laden with a heavy machine gun abruptly pulled over to our side, hemming us in.

There was a moment of panic — were they going to shoot us?

We had come to Darfur to report on the world’s worst humanitarian crisis, never intending to become part of the story.

But months of planning came apart in moments when we were detained by a militia led by the man everyone called the general.

Cameraman Scott McWhinnie handed him the camera, assuring him, “We’re not filming, we’re not filming.” Producer Brent Swails quickly got out of our truck to try to defuse the situation.

“Are we OK? Are we OK?” he asked.

Abruptly, the general turned his back on us and grabbed a rifle from one of his soldiers, before taking aim across the tree-dotted savanna. I was relieved that the gun wasn’t pointed at us but still disturbed by his erratic behavior.

I looked pleadingly at our driver. “What’s going on?” His face was ashen. “I don’t know,” he said.

The general fired off a round. The target appeared to be a bird. He missed.

We had arrived in North Darfur the previous day. The goal was to get to Tawila, a town under the control of SLM-AW, a faction of the Sudan Liberation Movement, led by Abdul Wahid al-Nur, a neutral party in Sudan’s bitter civil war. Tawila is just 32 miles (51 kilometers) southwest of the besieged city of El Fasher which is the frontline of the grisly fight for the Darfur region. As a result, it has become a refuge of sorts for the tens of thousands fleeing the city.

The 18-month conflict in Sudan has been drastically overshadowed by the wars in Ukraine and Gaza but the UN fears it could become far deadlier: a cruel confluence of hunger, displacement, and disease with both the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF), the two main warring parties in this conflict, accused of war crimes.

According to the UN, more than 10 million people have been displaced in the violence, almost a quarter of Sudan’s population. More than 26 million people — over three times the population of New York City — face acute hunger.

In particular, all eyes are on Darfur, where a genocide was perpetrated from 2003 to 2005 and where vicious war crimes have heightened fears that the worst could be realized again.

In August, a famine was declared in the Zamzam displaced people’s camp in Darfur. And yet, only a handful of international journalists have been able to get in since the start of the war to report on what is happening.

After many months of failing to get permission to visit Darfur from the SAF or the RSF, the invitation from the SLM-AW leadership to visit Tawila seemed the safest way to get in and tell the story.

But when we reached the agreed meeting spot in the town of Abu Gamra, our hosts were nowhere to be found. Instead, a rival militia stood in their place. They had two Toyota Land Cruiser pickup trucks, weighed down with rocket propelled grenades and heavy machine guns.

Our driver was led off in chains to the town jail.

For three hours we were interrogated, one by one, in a small, windowless room. About eight men asked the questions. “Why are you here?” “Who sent you here?” “Who gave you permission to be here?”

We answered their questions but got no information in return: who these men were or what they wanted with us.

When the driver returned later without the chains, there was a brief moment of optimism. Perhaps, we would be escorted to the border and simply instructed not to return.

But the militants bundled us into our vehicle and ordered us to follow them.

Our convoy quickly veered off onto a dirt track, heading deeper into Darfur.

It was at this point that the general suddenly stopped his vehicle and started shouting at us, before shooting his gun. The goal, presumably, to scare us. It worked.

We stopped again, maybe an hour later, by a dry riverbed lined with trees. The youngest fighters laid out a mat and brought out a flask of camel milk for the general and another older man known as the security chief, who wore a turban and sunglasses to hide a missing eye. Trembling, I took off my shoes and sat down in front of them.

“Please, we are very frightened,” I told them in halting Arabic. “I am a mother. I have three little boys.”

The general looked disinterested, but I could see the security chief’s face soften.

“Don’t be frightened, don’t be frightened,” he assured me, “We are human beings.”

The security chief asked us for our partners’ phone numbers, so that he could call them and assure them that we were OK. Grudgingly, I handed him my husband’s number — reluctant to put my family through any stress but conscious that it might also be a way for our captors to check my story. Later, we would find out that an English speaker had called my husband and Scott’s wife from the city of Port Sudan, thousands of miles away from where we were held, to say that we were safe and in good health but threatening that we would be imprisoned for many years if they spoke about it to anyone.

For the next 48 hours, we were held under armed guard by the general, the security chief and roughly a dozen soldiers, some who looked no older than 14. Our detention was spent out in the open, underneath acacia trees. As the only woman, and with no private space to relieve myself, I limited my water and food intake. Sleep, when it came, was a mercy, a reprieve from the clawing sense of panic at not knowing when I would be able to see my children again.

As a journalist, one never wants to become the story. And yet our experience is instructive in understanding the complexities of the conflict in Darfur and the challenges of getting food and aid to those who need it most and getting the story out to the world.

During our journey in and out of North Darfur, we spent many hours traversing the remote region on sandy tracks. We had to dig ourselves out more than 10 times and had a flat tire at least once a day. There are no paved roads in the area, which makes the distribution of aid even more challenging.

But where sturdy trucks with the appropriate tires may help expedite that process, the issue of gaining access to the territory is a much harder problem to solve. The state of North Darfur is the center of some of the heaviest fighting between the RSF and SAF. Swaths of it are under the control of a patchwork of different militias with competing agendas who regularly shift allegiances.  You can have a guarantee of safe passage from one, only to be blocked by another 10 miles down the road.

In August, at US-led talks on Sudan in Geneva, the Sudanese Armed Forces agreed to allow the flow of aid through Adre, the largest border point between Chad and Darfur. But fewer than 200 trucks have entered in the last two months — a fraction of what is needed on the ground — and only a handful of those have reached the famine-hit Zamzam camp outside El Fasher, where close to half a million people are struggling to survive.

Earlier this month, Doctors Without Borders (MSF) announced it was having to suspend its operations in Zamzam.

“This is a disaster for us. Knowing that we have the team on the ground capable to work and that this suspension is due to either administrative impediments or blockages by the warring parties is, of course, frustrating. We keep trying to push … We cannot abandon these people,” Michel Lacharité, MSF’s Head of Emergency Operations told me.

Compounding the chaos is the difficulty of communications. During our time in North Darfur, we passed at least six cell phone towers but none of them were operational. The pecking order of any group is clearly marked by who is carrying the satellite phone. Our captors confiscated our satellite phone but allowed us to keep our cell phones — confident that they would never work. And they did not. Some of the groups have Starlink satellites that they use to stay in touch. But for most ordinary people, there are few ways to have contact with the outside world.

The net result of these manifold challenges is that NGOs, human rights organizations and journalists have almost no access to North Darfur.

“The world doesn’t see us, the help doesn’t come,” the security chief mused to me one afternoon.

Instead, the most valuable and reliable data we have about the situation on the ground in Darfur comes from satellites.

According to the Yale Humanitarian Research Lab, which uses satellite imagery to build up a picture of the situation on the ground, in the first two weeks of October at least 14 villages in Darfur were set ablaze by the RSF, heightening concerns that after a relative lull during the rainy season, the conflict is once again ratcheting up.

But satellite images can only tell part of the story. They don’t allow us to connect, to empathize, to engage.

On our last day in detention, the general and security chief disappeared for about six hours, leaving us in the custody of their young fighters. At one point, several of them told us to remove our bags from our vehicle, saying they were taking our driver to the local market. The four of us looked at each other uneasily. Were they planning to abandon us? Or hand us over to another group? We had no choice but to do what we were told and unload our gear.

Later, when the general and the security chief returned, they were in good spirits.

“It has been decided you will be released tomorrow,” they told us. “We thought you were spies but now you can go home.”

A wave of relief crashed through my body. There were smiles and handshakes with our captors. We posed awkwardly for a photograph at the edge of the mat that had been our makeshift prison.

Our ordeal was over. We were unharmed and soon to return home. The fear and worry quickly replaced by a feeling of bitter disappointment, of failure. We never made it to Tawila. Never managed to talk to the people in Darfur whose lives have been chewed up by this vicious civil war. Untold stories that the world may never hear.

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