Galaxy Resources has pushed back the first shipment at its Mt Cattlin lithium mine after several delays and cost overruns, with the company's directors volunteering to fund any cash shortfall out of their own pockets.
Lithium hopeful Pilbara Minerals has scored an $18 million equity injection, offtake agreement and downstream processing deal with an unnamed Chinese company.
Mineral Resources has upped its stake in the Mt Marion lithium project, one of the state's few mining operations under construction, to see out a week that had a series of deals for the metal.
Chinese manufacturer Ganfeng Lithium has more than doubled its offtake agreement with Mineral Resources and Neometals for the Mt Marion project, as interest in the commodity continues to build.
Perth miner Galaxy Resources has announced plans to merge with joint venture partner General Mining Corporation to create a larger lithium-focused company, in a deal worth $216 million.
Shares in North Fremantle-based Kingston Resources have surged on news the company plans to raise $6.8 million to fund the purchase and exploration of several lithium tenements in Western Australia and the Northern Territory.
Local companies Triton Minerals, General Mining Corporation and Orinoco Gold have announced plans to raise a combined $24.6 million to fund ongoing work at their respective projects.
SPECIAL REPORT: The potential for mass production of electric cars is among a number of high-technology trends sparking interest in Western Australia's lithium sector, with a series of companies touting projects to meet a forecast surge in demand.
Production is a step closer to restart at the Mt Cattlin lithium mine, with General Mining Corporation signing a four-year offtake deal with Mitsubishi Corporation.
General Mining Corporation has confirmed the viability of earning a 50 per cent stake in Galaxy Resources' Mt Cattlin tantalum project, after an independent review found it would cost $14.7 million to bring the project back into operation.
Local exploration firms Impact Minerals, Lucapa Diamond Company, and General Mining Corporation have taken in a combined $8.4 million from successful capital raisings.
General Mining Corporation shares fell sharply today after the company announced revised terms for the acquisition of an interest in Galaxy Resources' Mt Cattlin tantalum project near Ravensthorpe.
Shares in General Mining Corporation have skyrocketed by over 700 per cent on news it was granted the right to solely operate Galaxy Resources' Mt Cattlin tantalum project near Ravensthorpe, in exchange for $7.5 million in lease fees and a 10 per cent production royalty.
Perth-based investor group Investmet Limited has agreed to underwrite a complex recapitalisation of Swan Gold Mining, adding to a string of mining deals it has undertaken this year.
Galaxy Resources has extended its relationship with unlisted public company General Mining Corporation, with the pair forming an alliance to explore for lithium in Kazakhstan and Mongolia.
The Michael Wright-backed private company General Mining Corporation is seeking to raise $240,000 in seed capital to help it prepare for a local stock exchange listing by the end of the year.
Lithium hopeful Galaxy Resources has signed a $1.1 million joint venture deal with General Mining Corporation over its Shoemaker hematite iron ore project just north of Wiluna.
