Lithium, page-2

I think FFX will be amazing in the next couple of years. Saving my bucks for the lithium float.

Lithium developers enjoy a more stable marketMajor lithium stocks were all up yesterday, with Pilbara Minerals (ASXLS), the top performer in the ASX200.Project developers were also up, and are looking at a more stable environment for new projects than a few years ago when mines like Altura’s Pilgangoora and Alita’s Bald Hill opened to great fanfare only to collapse as spodumene prices nosedived.Liontown Resources (ASX:LTR) last week raised $53 million to progress its world class Kathleen Valley mine near Leinster in WA.It plans to be in production by mid-2024, a year earlier than initially planned, with the Tim Goyder-chaired Liontown also working on a PFS to produce downstream products such as lithium hydroxide.Liontown was up 3.9% yesterday and 88.1% year to date.
Firefinch (ASX:FFX) is another developer up around 110% YTD, and has Chinese giant Ganfeng onside to raise $194 million of debt and equity as a 50-50 partner in the Goulamina lithium mine in Mali. The company also owns the large Morila gold mine in the same part of the world, and is spinning its share of Goulamina into a pure play lithium company that will be fully exposed to the electric vehicle thematic. Goulamina will produce 436,000tpa of spodumene over a 23-year mine life.