Metals Australia (MLS:AU) has announced Lac Carheil Graphite Project Awarded Grant Funding
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Interest in lithium continues to grow due to its role in the lithium-ion batteries that power electric vehicles (EVs). As a result, more and more attention is landing on the top lithium-producing countries.
About 80 percent of the lithium produced globally goes toward battery production, but other industries also consume the metal. For example, 7 percent of lithium is used in ceramics and glass, while 4 percent goes to lubricating greases.
According to the US Geological Survey, lithium use in batteries has increased in recent years due to the use of rechargeable batteries in portable electronic devices, as well as in electric tools, EVs and grid storage applications.
Manufacturers commonly use lithium carbonate or lithium hydroxide in these batteries rather than lithium metal. Lithium-ion batteries also include other important battery metals, such as cobalt, graphite and nickel.
After a volatile 2024 that saw lithium carbonate prices drop 22 percent amid oversupply, analysts predict continued market turbulence in 2025. However, production cuts could narrow the surplus from 84,000 to 33,000 metric tons, while strong EV demand — driven by China’s record sales — remains a key factor, as geopolitical tensions and rising tariffs on Chinese EVs add uncertainty in North America.
Despite the recent market challenges, global lithium demand is set to surge over the next decade due to demand from EVs and energy storage. Benchmark Mineral Intelligence forecasts a more than 30 percent year-on-year increase in demand from these sectors in 2025.
Meeting this growth will require up to 150 new battery factories and US$116 billion in investments by 2030 to prevent supply deficits. China will remain dominant, but the EU and US are poised for the fastest expansion. With lithium mining projected to grow at a 7.2 percent compound annual growth rate through 2035, the sector faces a critical decade of investment and supply chain restructuring.
As demand for lithium continues to rise, which countries will provide the lithium the world requires? The latest data from the US Geological Survey shows that the world’s top lithium-producing countries are doing their best to meet rising demand from energy storage and EVs — in fact, worldwide lithium production rose sharply from 2023 to 2024, coming in at 240,000 metric tons (MT) of lithium content last year, compared to 204,000 MT in 2023. These totals do not include US production, as that data is withheld.
What are the top lithium-producing countries?
Where is lithium mined? Australia, Chile and China are the top three for lithium production by country. Zimbabwe has also risen significantly in the ranks, moving from sixth in 2023 to fourth in 2024. As the EV lithium-ion battery market continues to grow, it’s likely these countries will vie for larger roles in supplying the metal in the years to come.
Read on for our list of top global lithium production by country.
1. Australia
Lithium production: 88,000 metric tons
In 2024, Australia produced 88,000 metric tons of lithium, making it the world’s largest producer of lithium. Although the country tops the list, year-over-year production decreased just over 4 percent from 91,700 MT in 2023 to 88,000 MT in 2024.
It’s likely the country’s lithium production declined in 2024 as a result of weaker demand in the EV space, which in turn pushed lithium prices lower.
Australia is home to many significant lithium mines. The Greenbushes hard rock lithium mine in Western Australia is operated by Talison Lithium, a subsidiary that is jointly owned by miners Albemarle (NYSE:ALB), Tianqi Lithium (OTC Pink:TQLCF,SZSE:002466) and IGO (ASX:IGO,OTC Pink:IPDGF). Greenbushes has been in operation for over a quarter of a century, making it the longest continuously running mining area in the state.
The Greenbushes complex also houses four spodumene concentrate plants with a combined annual production capacity of 1.5 million MT. The mine supplies spodumene to the Kemerton lithium plant and other Albemarle conversion sites worldwide for processing.
Mount Marion, a joint venture between Mineral Resources (ASX:MIN,OTC Pink:MALRF) and Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460,HKEX:1772), is another key lithium mine in Australia. The project, which is located in the Yilgarn Craton, southwest of Kalgoorlie, also contains a processing plant with an annual production capacity of 600,000 MT.
Australia also holds 7 million MT of identified JORC-compliant lithium reserves, which puts it behind Chile’s 9.3 million MT. It is worth noting that most of Australia’s lithium supply is exported to China as spodumene.
2. Chile
Lithium production: 49,000 metric tons
Chilean lithium production topped 49,000 metric tons in 2024. Lithium miners in Chile have steadily increased the nation’s output by 127 percent since 2020 when production was 21,500 MT.
Chile’s year-over-year growth has positioned it as the second top lithium producer in the world. Unlike Australia, where lithium is extracted from hard-rock mines, Chile’s lithium is found in lithium brine deposits.
The Salar de Atacama salt flat in Chile generates roughly half the revenue for SQM (NYSE:SQM), a top lithium producer. The Salar de Atacama is also the home of another top lithium brine producer — US-based Albemarle.
In April 2023, market participants and lithium miners were surprised by the Chilean government’s plans to nationalize the lithium industry. While ultimately it wasn’t a true nationalization, the country is moving to gain controlling stakes in lithium assets in the Salar de Atacama and Maricunga through its state-owned mining company Codelco.
SQM has signed an arrangement with Codelco that will allow it to continue operations in the Salar de Atacama until 2060. The two companies will create a new entity for the operations, with Codelco owning 50 percent plus one share of the company.
Chile’s lithium potential has also attracted the attention of major US oil companies. In February 2025 news broke that Exxon Mobil (NYSE:XOM) is in talks with Chilean officials about lithium opportunities, as fossil fuel firms ramp up investments in EV battery metals.
US oilfield services firm SLB (NYSE:SLB) is also expanding into lithium, with its Head of Mining, Nicholas Lugansky, meeting Chilean officials in January. SLB is among eight companies testing lithium extraction techniques and technologies in northern Chile.
Lithium brine operations in Chile’s Salar de Atacama.
Freedom_wanted / Shutterstock
3. China
Lithium production: 41,000 metric tons
China produced 41,000 metric tons of lithium in 2024, earning it the third spot on the top producing countries list. The Asian country saw its lithium supply grow by nearly 15 percent year-on-year, from 35,700 in 2023 to 41,000 in 2024.
China is the largest consumer of lithium due to its electronics manufacturing and EV industries. It also produces more than two-thirds of the world’s lithium-ion batteries and controls most of the world’s lithium-processing facilities. China currently gets the majority of its lithium from Australia, but it is looking to expand its capacity.
In January of 2024, China announced the discovery of a massive million-metric-ton lithium deposit in the country’s Sichuan Province. Lithium exploration in China over the last three years has boosted the country’s lithium reserves by 1 million MT, to 3 million MT, according to the USGS.
However, in early 2025 the China Geological Survey, pegged the nation’s total reserves to be more than 30 million MT.
4. Zimbabwe
Lithium production: 22,000 metric tons
In 2024 Zimbabwe’s lithium production ballooned to 22,000 metric tons, an exponential increase from 2022’s 800 MT. Year-over-year lithium output rose 47 percent between 2023 and 2024, from 14,900 MT to 22,000 MT.
Total reserves in Zimbabwe have also seen growth climbing from 310,000 MT in 2023 to 480,000 MT as per the US Geological Survey.
In December 2022, Zimbabwe banned the export of raw lithium in an effort to build out the nation’s capacity to process battery-grade lithium domestically. The ban excludes companies that are already developing mines or processing plants in Zimbabwe. Lithium concentrate is now on track to become Zimbabwe’s third biggest mineral export, behind gold and platinum-group metals, reported Reuters in November 2023.
Lithium-producing countries in Africa have attracted much attention from Chinese firms in recent years, especially Zimbabwe. Sinomine Resource Group (SZSE:002738), for example, bought a stake in Zimbabwe’s emerging lithium industry with the purchase of the Bikita mine, the African nation’s oldest lithium mine.
Zimbabwe’s other key lithium mines include Zhejiang Huayou Cobalt’s (SHA:603799) Arcadia mine and state miner Kuvimba Mining House’s Sandawana mine.
In September 2024, Zhejiang Huayou Cobalt and Tsingshan Group,a nickel and stainless steel company, announced plans to study and build a lithium mine and processing plant at Sandawana located in the south of Zimbabwe.
5. Argentina
Lithium production: 18,000 metric tons
Argentina’s annual lithium production grew significantly in 2024, totaling 18,000 metric tons. Year-over-year lithium production increased by more than 100 percent from 8,630 MT in 2023.
It’s well known that Bolivia, Argentina and Chile make up the Lithium Triangle. Argentina’s Salar del Hombre Muerto district hosts significant lithium brines, and its reserves – 4 million MT – are enough for at least 75 years.
At present, lithium mining in the country consists of two major brine operations currently in production and 10 projects that are in development. Analysts at consultancy firm Eurasia Group project that Argentina’s lithium production has the potential to grow approximately tenfold by 2027, as per CNBC.
One of the largest lithium miners in Argentina is Arcadium Lithium (ASX:LTM,NYSE:ALTM), the result of the January 2024 merger of Livent and Allkem. The new entity is the third largest lithium producer in the world. This is soon to change as Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) is set to close its acquisition of Arcadium in early March, bringing its assets under Rio Tinto’s umbrella.
Rio Tinto also owns the Rincon lithium brine project, which is set to be a major contributor to the country’s lithium output once it begins commercial production, targeted for 2028. In December 2024, Rio Tinto announced a US$2.5 billion expansion. Once operational, Rincon will use direct lithium extraction technology and produce 60,000 MT of battery-grade lithium carbonate annually, combining a 3,000 MT starter plant and the 57,000 MT expansion.
6. Brazil
Lithium production: 10,000 metric tons
Lithium production in Brazil continues to trend higher. In 2024 the South American nation produced 10,000 MT, almost double 2023’s 5,260 MT. After achieving output of 400 MT or less from 2011 to 2018, the country’s production hit 2,400 MT in 2019 and has continued to rise year-over-year.
Brazil’s government plans to invest more than US$2.1 billion by 2030 into expanding the nation’s lithium production capacity.
At the state level, in 2023 the Minas Gerais government launched the Lithium Valley Brazil initiative, which is aimed at promoting investment in lithium mining. The program includes four publicly listed lithium companies with assets in the state’s Jequitinhonha Valley: Sigma Lithium (TSXV:SGML,NASDAQ:SGML), Lithium Ionic (TSXV:LTH,OTCQX:LTHCF), Atlas Lithium (NASDAQ:ATLX) and Latin Resources (ASX:LRS,OTC Pink:LRSRF).
EV makers are also eyeing Brazil’s lithium market. In February 2025, Reuters reported that Chinese EV giant BYD (OTC Pink:BYDDF,HKEX:1211,SZSE:002594) reportedly entered the mining sector in 2023, when it acquired 852 hectares of lithium-rich land in Minas Gerais’ Jequitinhonha Valley. The company is currently building an EV factory in Bahia state, but construction was paused at the end of 2024 due to ‘slavery-like’ working conditions.
7. Canada
Lithium production: 4,300 metric tons
Canada’s lithium production increased to 4,300 metric tons in 2024, representing a 32 percent uptick from 2023’s 3,240 MT.
The country currently produces lithium from two operations: the Tanco mine in Manitoba, owned by Sinomine subsidiary Tantalum Mining, and the North American Lithium operation in Québec, a joint venture between Piedmont Lithium (ASX:PLL,NASDAQ:PLL) and Sayona Mining (ASX:SYA,OTCQX:SYAXF).
While Canada is home to a wealth of hard-rock spodumene deposits and lithium brine resources, much of it remains underdeveloped. In an effort to grow a strong North American lithium supply chain for the battery industry, the government has invested in a number of lithium projects, including C$27 million for E3 Lithium (TSXV:ETL,OTCQX:EEMMF), a lithium resource and technology company, and C$1.07 million to private company Prairie Lithium. Both are developing direct lithium extraction technology in Canada’s prairie provinces Alberta and Saskatchewan.
In November 2023, the Canadian government launched the C$1.5 billion Critical Minerals Infrastructure Fund. The fund seeks to address gaps in the infrastructure required for the sustainable development of the nation’s critical minerals production, including battery metals like lithium.
Canada’s efforts were rewarded in early 2024, when BloombergNEF gave the nation the top spot in the fourth edition of its Global Lithium-ion Battery Supply Chain Ranking.
At the end of 2024, the Canadian government’s Export Development Canada program pledged up to C$100 million in financing to Green Technology Metals (ASX:GT1,OTC Pink:GTMLF) for the development of Ontario’s first lithium mine at Seymour Lake.
8. Portugal
Lithium production: 380 metric tons
Portugal’s lithium production remained flat in 2024 coming in at 380 metric tons, the same tally as the previous year. Output has declined drastically since 2021, when its lithium production reached 900 MT.
Most of Portugal’s lithium comes from small-scale operations targeting quartz and feldspar. Despite this lithium-producing country’s comparatively low output, Portugal’s lithium reserves stand at 60,000 MT.
In September 2024, Savannah Resources (LSE:SAV,OTC Pink:SAVNF) delayed the start of lithium production at its Barroso project in Portugal to 2027, citing prolonged environmental approval processes and regulatory hurdles. The project has also received public backlash due to concerns about the environmental impact of lithium mining.
The project, set to be Western Europe’s first significant lithium mine, is projected to play a pivotal role in the EU’s ambitions of battery material self-sufficiency. Despite the setback, Savannah remains committed to advancing the development, emphasizing its role in strengthening Europe’s EV supply chain.
9. United States
Lithium production: Withheld
In the final place on this top lithium-producing countries list is the US, which has withheld production numbers to avoid disclosing proprietary company data. Its only output last year came from two operations: a Nevada-based brine operation, most likely in the Clayton Valley, which hosts Albemarle’s Silver Peak mine, and the brine-sourced waste tailings of Utah-based US Magnesium, the largest primary magnesium producer in North America.
There are a handful of major lithium projects underway in the US, including Lithium Americas’ (TSX:LAC,NYSE:LAC) Thacker Pass lithium claystone project, Piedmont Lithium’s hard-rock lithium project and Standard Lithium’s (TSXV:SLI,OTCQX:STLHF) Arkansas Smackover lithium brine project.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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Blackstone Minerals (BSX:AU) has announced Visible Gold Above High Grade Cu-Au Porphyry – Amended
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More than 2,000 gold grains per 10kg of material
Nuvau Minerals Inc. (TSXV: NMC) (the ‘Company’ or ‘Nuvau’), is pleased to share a highlight from its fall 2023 sonic drilling program at the Matagami Mining Camp that has delineated an exciting new gold target on the Company’s large-scale property.
- Hole PD-23-030s delivered a gold grain anomaly with more than 2,000 gold grains per 10 kg of material, supported by a near-contiguous sample with 295 gold grains
‘This anomaly is of prime significance as potential evidence of an eroded gold occurrence, likely located within a kilometre north-east of the hole collar,’ said Peter van Alphen, President and CEO. ‘The Matagami camp has a long history of base metal mining, and yet the property’s location in the Abitibi also makes it a prime location for gold mineralisation. At over 2,000 grains of gold per 10kg of material, this is an anomaly of regional significance, likely higher than any previous results known in the Abitibi. The Borden Gold Mine in Chapleau was discovered through the same means of mapping overburden till anomalies, and the highest concentration seen in that case was only about 800 grains per 10kg.’
About the 2023 Sonic Drill Program at the Matagami Property
Following a successful proof-of-concept survey conducted in spring 2023, a first phase of a property scale overburden drilling program was conducted on the Matagami property, approximately 30 kilometres to the west of the Matagami Mill complex, in late 2023. The sonic drill program consisted of 24 holes totaling 726 metres of core and was conducted to evaluate the potential dispersion of gold and base metal minerals in glacial sediments buried underneath the Ojibway clay belt. Part of the survey was aimed at confirming a gold-in-till anomaly first detected by Newmont Mining in 1987.
The Matagami Property is located in a part of the northern Abitibi greenstone belt that is host to numerous gold and base metal mines, however, very little effort was previously focused on the gold potential of this large property. Canada’s largest producing gold mine, Agnico’s Detour Mine, is located on-trend to the west (see figure 2). The Casa Berardi Mine is located to the southwest of the Matagami Property and was discovered through a combination of geological exploration techniques, including prospecting based on regional geological mapping, airborne geophysical surveys, and subsequent ground-based exploration including soil and till sampling.
A total of 151 samples of glacial sediments were collected and submitted for gold grains and indicator mineral counting with the use of automated ARTGold technology by IOS Geosciences from Saguenay, QC, plus multi-element chemical analysis of the fine fraction (-170 um) of the sediments. A total of 9 samples are deemed anomalous, with gold grain counts in excess of 30 grains per 10kg of material.
Hole PD-23-030s – Of these, one sample from hole PD-23-030s produced a notable gold grain anomaly. The anomaly was detected at depth between 29.26 to 29.87 metres in the overburden (sample 155320186), and featured more than 2,000 gold grains per 10 kg of material. In addition, a near-contiguous sample with 295 gold grains per 10 kg of material between 31.12 to 32.00 metres (sample 155320187) was also encountered. The interval between these two samples consisted of a large locally derived boulder.
The bulk of these gold grains bear very delicate (pristine) form, with enshrined silicate minerals, suggestive of minimal glacial transport. No chemical anomalies and no abnormal abundance of indicator minerals were detected.
Pebbles in these samples consist uniquely of andesitic basalts, along with a significant proportion of quartz veins fragments. This suggests the presence of an auriferous quartz vein system invading the meta-andesite, believed to possibly be within a kilometre to the north-east of the collar.
This anomaly is located approximately 5 metres above the bedrock, meaning it has been displaced by glacial movement. Since no previous drilling or outcrop is available in the north-east up-ice direction, displacement cannot be accurately estimated.
Additional analysis is still required to understand the follow-up action required, however; a second-order structure highlighted by a VTEM geophysical anomaly beside a high-gravity distinct anomaly is present 2 kilometres in this direction, which is tentatively suggested as potential source and is currently considered as a priority diamond drill target.
Figure 1 : Nuvau’s Matagami property, General Location
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/243224_nuvauimg1.jpg
Figure 2: Matagami Property Location relative to the gold producers of the region. Results from adjacent property(ies) are not necessarily indicative of the mineralization on Nuvau’s property.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/243224_a80e63aa64427b4c_004full.jpg
Figure 3: Location of hole PD-23-030s with airborne gravity map (color) and VTEM pick (black dots)
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Figure 4: Mosaic of backscattered electron images of gold grain. Notice the delicate textures and silicate attachments. LEFT: Image of 230 gold grains found in sample 155320186, hole PD-23-030s, RIGHT: Image of 112 gold grains found in adjacent sample 155320187.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/243224_nuvauimg4.jpg
Figure 5: (Left) Pebble composition of sample 155320186 showing 2,000 grains of gold per 10kg, and (right) section of Hole PD-23-030s indicating samples 155320186 and 155320187 (shown as 20186 and 20187 for brevity).
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https://images.newsfilecorp.com/files/11236/243224_a80e63aa64427b4c_012full.jpg
About Nuvau Minerals Inc.
Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.
Qualified Person and Quality Assurance
Gilles Roy, P. Geo. (Qc), Director of Exploration of Nuvau and a ‘qualified person’ as is defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and has otherwise reviewed and approved the scientific and technical information in this news release.
Core has been quicklogged on drilling site and shipped by truck to IOS facilities in Saguenay for detailed logging and sampling by a qualitifed quartenary geologist. Hole core from selected intervals has been bagged and queued for processing in the same facility, where samples were sifted and gold grain concentrated with a proprietary fluidized bed. Concentrates were then dry sifted at 50 μm, the +50 μm being examined under optical microscope while -50 μm being scanned by automated electron microscope. Every suspected gold grain has been analysed by Energy Dispersive X-Ray Spectrometer (EDS) and high magnification back-scattered images have been acquired in order to classify morphology. Quality control is ensured via various mass balance calculations and EDS analysis of all grains of interest, prior to results being cross-examined by experienced geologists. In the course of sifting, an aliquot of the sample has been saved and shipped for analysis to Activation Laboratories in Ancaster, Ontario, for ICP-MS-QQQ ultra-trace analyses after aqua-regia digestion. Quality control has been conducted by a certified chemist and includes approximately 15% blanks, certified reference materials and internal reference materials.
Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-Looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses. Forward-Looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
For further information please contact:
Nuvau Minerals Inc.
Peter van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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Kevin Wadsworth and Patrick Karim of NorthstarBadcharts.com outline the capital rotation event they see unfolding, explaining how it will lead to not just a gold bull market, but a new gold bull era.
They also share their takes on gold stocks, as well as the silver, uranium and crypto sectors.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Lahontan Gold Corp. (TSXV:LG,OTCQB:LGCXF) is dedicated to advancing its portfolio of high-quality gold and silver projects in Nevada, a top-tier mining jurisdiction. The company’s flagship Santa Fe Mine — a past-producing operation from 1988 to 1992 — yielded 356,000 ounces of gold and 784,000 ounces of silver. Lahontan is focused on unlocking the mine’s full potential by expanding resources and advancing permitting efforts to fast-track the project toward production.
A recently completed preliminary economic Assessment( PEA) highlights a clear pathway to restarting operations, demonstrating the project’s robust economics. Permitting with the Bureau of Land Management (BLM) is underway, with the company targeting a 2026 construction start.
The Santa Fe mine, located in Mineral County, Nevada, spans 26.4 sq km and represents Lahontan Gold’s flagship development project. With an updated mineral resource estimate of 1.95 Moz gold equivalent, the project hosts multiple oxide and sulfide zones that remain open for expansion.
Company Highlights
- Flagship Santa Fe Project: 100 percent owned, past-producing open-pit heap leach mine with a current MRE of 1.95 Moz gold equivalent at a grade of ~0.9 g/t.
- Strategic Nevada Location: Situated in Walker Lane, one of the world’s best mining jurisdictions, with excellent infrastructure, water access, and a mining-friendly regulatory environment.
- Strong Resource Growth Potential: The Santa Fe Mine and its satellite projects, West Santa Fe and Moho, offer exploration upside, with further drilling planned to expand resources.
- Advancing Toward Production: With a positive Preliminary Economic Assessment (PEA) completed in late 2024, Lahontan is aggressively moving toward permitting and development.
- Experienced Leadership: The company is led by an experienced management team with a proven track record in mine development, permitting, and value creation for investors.
This Lahontan Gold profile is part of a paid investor education campaign.*
Click here to connect with Lahontan Gold Corp. (TSXV:LG,OTCQB:LGCXF) to receive an Investor Presentation
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Astral Resources (AAR:AU) has announced Further Outstanding Metallurgical Recoveries from Theia
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(TheNewswire)
March 4, 2025 TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV: JZR) (the ‘ Company ‘ or ‘ JZR ‘) is pleased to announce that it has completed its previously announced non-brokered private placement (the ‘ Offering ‘) of units (each, a ‘ Unit ‘) at a price of $0.25 per Unit. Pursuant to the Offering, which was announced on January 27, 2025, the Company has issued 2,536,000 Units for aggregate gross proceeds of $634,000. The Company also wishes to announce that, due to investor interest, the Offering was increased from $600,000 to $634,000.
Each Unit consists of one common share in the capital of the Company (each, a ‘S hare ‘) and one common share purchase warrant (each, a ‘ Warrant ‘). Each Warrant is exercisable into one additional Share (each, a ‘ Warrant Share ‘) at a price of $0.35 per Warrant Share for a period of three (3) years from the date of issuance, subject to acceleration. The Warrants are subject to an acceleration provision whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange (the ‘ Exchange ‘), or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Company did not pay any finder’s fees in closing this Offering.
The Units, Shares, Warrants, and Warrant Shares are collectively referred to as the ‘ Securities ‘. The Securities are subject to a hold period of four months and one day from the date of Closing.
One insider of the Company subscribed for 200,000 Units under the Offering, which is a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in subsections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of any related party participation in the Offering, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceed 25% of the Company’s market capitalization.
None of the Securities sold in connection with the Offering have been or will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United Shares absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Company intends to use the proceeds from the Offering to fund start-up and operations of the 800 tonne-per-day bulk sampling gravimetric mill, as well as future exploration work on the Vila Nova Gold Project, all by way of one or more loans to ECO Mining Oil & Gaz Drilling and Exploration (EIRELI), our operating partner, and for general working capital purposes.
For further information, please contact:
Robert Klenk
Chief Executive Officer
rob@jzrgold.com
Forward-Looking Information
This press release contains certain ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering; the testing and anticipated commencement of operation of the Mill. Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to: the Company may not complete the Offering; the Offering may not be approved by the TSX Venture Exchange; risks associated with the business of the Company; the Mill may not commence operating once testing has been completed, or at all; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators. The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Copyright (c) 2025 TheNewswire – All rights reserved.
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Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (‘Radisson’ or the ‘Corporation’) is pleased to announce that it has received UL 2723 ECOLOGO® Certification for Mineral Exploration Companies (the ‘UL ECOLOGO® Certification’) recognising Radisson’s commitment to best practices for responsible development in the mineral exploration industry. The certification and related audit were conducted by UL Solutions, which is a global science-based 3rd party testing, inspection and certification company. The criteria were developed in partnership with the Quebec Mineral Exploration Association (the ‘AEMQ’) and UQAT (Université du Québec en Abitibi-Témiscamingue).
The UL ECOLOGO® Certification represents the first comprehensive certification for Canadian Mineral Exploration Companies and their service providers that features third-party certification of environmental, social and commercial practices.
Matt Manson, President and CEO commented:‘We are extremely proud that Radisson has obtained the UL ECOLOGO® Certification for Mineral Exploration Companies. This certification is a testament to our commitment to responsible practices in all aspects of our business, and in particular with respect to our team, our service providers, neighbouring communities and the environment. I would like to extend my gratitude to the Radisson team for its diligent work in obtaining the UL ECOLOGO® Certification, and to the AEMQ for its collaboration and support throughout this process.’
In 2012, the AEMQ, developed the concept of establishing a best practices certification process for the mineral exploration sector. This process aimed to assess and acknowledge responsible practices for industry participants and their service providers. To bring this vision to fruition, the AEMQ collaborated with the Université du Québec en Abitibi-Témiscamingue, which crafted the original normative standards. The UL ECOLOGO® certification program for mineral exploration was officially launched in 2019 in partnership with UL Solutions.
About UL Solutions
As a global safety science leader, UL Solutions helps companies to demonstrate safety, enhance sustainability, strengthen security, deliver quality, manage risk and achieve regulatory compliance.
About the AEMQ
The Association was founded in 1975 to increase mining exploration in Quebec and support the development of mining entrepreneurship in Quebec. Today, AEMQ represents 1,100 individual members and 180 corporate members. The AEMQ has a mission to promote sustainable, responsible exploration for mineral resources in Québec and their vital place in Québec’s economy.
Radisson Mining Resources Inc.
Radisson is a gold exploration company focused on its 100%-owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 ‘Technical Report on the O’Brien Project, Northwestern Québec, Canada’ effective March 2, 2023, Radisson’s Annual Information Form for the year ended December 31, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O’Brien Gold Project.
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com
Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com
Forward-Looking Statements
This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242848
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GTI Energy (GTR:AU) has announced Scoping Study Fieldwork Testing Complete
Download the PDF here.
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