News about lithium

Critical Metals (CRML) fell 7% to $6.18 in afternoon trading, even though European Lithium shareholders voted heavily to approve an all-stock takeover that would give Critical Metals full ownership of the Tanbreez rare earth project in Greenland. The deal still needs approval from the Supreme Court of Western Australia, and new Critical Metals shares issued to European Lithium holders are expected to begin trading on Nasdaq in early November, after the exchange ratio hit its cap on October 21. Critical Metals fell more than USA Rare Earth (USAR, down 5% to $9.74) and United States Antimony (UAMY, down 3% to $3.19), while the VanEck Rare Earth and Strategic Metals ETF (REMX) fell 3% and the SPDR S&P 500 ETF Trust (SPY) fell 1%. The maximum exchange ratio means more stock will reach the market once the deal closes, and skeptics argue this would dilute current shareholders, though the article does not confirm whether this is driving the selling.

Vinland Lithium (TSXV: VLD) has started a fall exploration program to expand its lithium, cesium, tantalum, tungsten and gold targets at the Killick project in Newfoundland, ahead of future drill testing. A review of its sampling database identified high-priority areas with multiple anomalous tungsten, lithium, cesium and tantalum values, including near the Burgeo Highway, where the Newfoundland government's mapping and sampling program found tungsten up to 0.87% WO3. Fall plans include prospecting follow-up on lithium-rich float up to 1.70% Li2O at Kraken West and South, tungsten prospecting across the Killick land package, and gold and tungsten prospecting and soil sampling along the Gunflap Hills Fault Zone. Follow-up diamond drilling on significant targets is planned for 2027.

This Simply Wall St article profiles three London-listed lithium stocks. Kodal Minerals is an explorer focused on the Bougouni Lithium Project in southern Mali, with a market cap of £61.1 million, and its hard rock spodumene output has contributed to a profitable year. Rio Tinto is a diversified miner with revenue of US$29.5b from iron ore, US$19.0b from aluminium and lithium, and US$16.1b from copper, and a market cap of £118.4b; lithium is one part of a larger portfolio that includes Greenbushes and Wodgina. Savannah Resources is developing the 100% owned Barroso hard rock lithium project in northern Portugal, recording about £1.7 million from Portugal Lithium and £1.1 million from HQ and other activities, with a market cap of £149.9 million, and the project is still in permitting, funding and early works. Much of the article is promotional, directing readers to a stock screener.