Neo Lithium Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 401 Bay Street Toronto ON Canada M5H 2Y4
- IPO Date
- Jul 25, 2016
- Website
- neolithium.ca
- Similar Companies
- Business
- Neo Lithium Corp. Neo Lithium Corp. (OTCQX: NTTHF), a subsidiary of Zijin Mining Group Co., Ltd., engages in lithium brine exploration and development with a focus on its wholly owned 3Q Project, a high-grade lithium salar complex spanning approximately 35,000 hectares including a 16,000-hectare salar in Catamarca Province, Argentina, within the Lithium Triangle; the project features proven and probable reserves of 1.3 million tonnes of lithium carbonate equivalent (LCE), measured and indicated resources of 1.0 million tonnes LCE, and inferred resources of 3.0 million tonnes LCE, supporting potential production of battery-grade lithium carbonate through efficient brine extraction processes validated at a pilot plant using renewable energy and minimal fresh water. The company offers resource delineation via drilling, brine sampling, and hydrogeological modeling; prefeasibility and definitive feasibility studies; environmental permitting and impact assessments; and process optimization for lithium recovery and production scaling targeting 20,000 tonnes annually in Phase I with expansion to 40,000-60,000 tonnes. Neo Lithium Corp. operates primarily in Argentina for project development while maintaining administrative functions in Canada, targeting battery manufacturers and industrial users in the electric vehicle and energy storage sectors. Founded in 2016 and headquartered in Toronto, Ontario, the company completed its acquisition by Zijin Mining in January 2022 for C$960 million in cash, leading to delisting from the TSX Venture Exchange and acceleration of 3Q Project construction, including process improvements for cost reduction, higher lithium recovery, and clean energy integration; prior to the acquisition, it established a strategic partnership with Contemporary Amperex Technology Co. Limited (CATL) to refine battery-grade product specifications.
Neo Lithium announces closing of plan of arrangement with Zijin Mining Group
Neo Lithium says environmental impact assessment for its 3Q project in Argentina receives approval
Lithium Junior Miners News For The Month Of November 2021
Lithium Junior Miners News For The Month Of October 2021
Neo Lithium says feasibility study for 3Q shows project to have one of lowest projected operating and capital costs in the industry
Neo Lithium: A Potential Bidding War
Neo Lithium receives $960 million cash takeover offer from China's Zijin Mining
Neo Lithium advancing one of the world's best lithium brine projects towards final feasibility
Neo Lithium Could Be The Next Lithium Americas
Neo produces 99.9% purity lithium carbonate at 3Q
Neo Lithium achieves 99.9% purity of battery-grade lithium carbonate at 3Q pilot plant
Top 3 Well Valued Lithium Juniors With Near-Term Production Potential
Neo Lithium more than doubles high-grade resources at 3Q
Neo Lithium welcomes updated resource for its flagship Argentina project, which underlines its scale and potential
Contrary To Rumors, The Biden Administration Is Not Abandoning Lithium
Wall Street higher at midday following US economic data
Neo Lithium discovers new deep brine aquifer outside of the resource area on 3Q project in Argentina
Neo Lithium expands and optimizes pilot ponds at its 3Q lithium brine project in Argentina
Neo Lithium hires consultants to help develop a sustainability program for its 3Q Lithium Project in Argentina
Wall Street starts in the red