Perhaps the monetary result – in terms of profits – so far in the long-suffering lithium sector comes from Arcadium Lithium (ASX:LTM) (the end result of the merger between Livent of the United States and Allkem of Australia and Argentina).
But even that has not prevented the company from assuming a greater share of its plans and costs, slowing down expansion plans like those of large competitors such as Albemarle.
The company on Tuesday announced a slight 5% drop in quarterly profit for the quarter ended in June, due to weak steel prices.
Arcadium reported a second-quarter net revenue source of $85. 7 million, up from $90. 2 million a year ago.
And while CEO Paul Graves called global demand for lithium “strong,” the company announced plans to expand its cost-cutting measures for the year.
The lithium company plans to invest in its Galaxy project in Canada and look for a partner to grow.
Arcadium also revised the schedule for two lithium carbonate projects at the Salar del Hombre Muerto in Argentina. Instead of running simultaneously, projects will now be carried out sequentially.
These measures will increase Arcadium’s capital expenditures by approximately $500 million over the next two years, according to the press release.
The company has indicated that it has no plans to delay the advancement of its Nemaska Lithium allocation in Canada.
Although Arcadium believes long-term steel demand remains intact, CEO Graves said in the statement, “the market is obviously indicating that the industry does not want to increase supply at the same rate as expected. “
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Increases across the board of Deep Leads’ resources: quality, tonnage and target area ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at Deep Leads’ rare ion adsorption clay (IAC) earth deposit in northern Tasmania. The accumulation in MRE comes from 36 tested outlets, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trader, signed a memorandum of understanding for up to 25,000 t/yr. Subject to execution, this is a feat as Ford and Hanwa are prepared to engage in long-term strategic partnerships with LKE. Commercial negotiations are still ongoing but should, namely whether Ford and Hanwa will inject new capital into LKE, removing additional risks in financing the task and thus ensuring that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for extension of the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade Tier 1 SOP production center around Lake Throssell.
Lately, TMG is completing paints in preparation for the PFS planned for early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and authorization activities. The effects of these systems will affect the PFS and any long-term resource improvements.
SOP reference prices have increased to around $940/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that each 10% accrual in value effects amounted to $144 million accrued to the NPV of the $364 million allocation. The accrual of around 70% compared to the scoping study implies an NPV of the allocation of approximately $1. 4 billion.
Despite the fall in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show an improvement in its main indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company, founded in 2010 and indexed to the Australia Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors acting as legal advisors. Representatives. WTL in connection with its broker organization activities Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). He has approximately 275 advisers at over two hundred money advisory firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). It became so inspired by IMM that Corporate Connect considered it imperative to publish a follow-up report valuing the company, as The market did not see the great prospects for eftilagimod alfa (efti).
This monitoring report was published today. Using comparables, after adding a dollar reduction to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of one percentage of Immutep at A$2. 20.