MetalsGrove acquires “transformational” lithium claims next to the mines of Acadia Minerals

Published: Dec 14, 2023 15:45

Save

MetalsGrove Mining Ltd has acquired six lithium-tin-tantalum claims in Zimbabwe. The new claims span 510 hectares and recent rock chip samples have returned high lithium grades.

MetalsGrove Mining Ltd has acquired six lithium-tin-tantalum claims in Zimbabwe. The new claims span 510 hectares and recent rock chip samples have returned high lithium grades. The claims are located in the Goromonzi and Beatrice lithium belts, close to the operational “world-class” Arcadia Minerals lithium mine which produces up to 450,000 tonnes per annum of lithium concentrate. The company plans to conduct an initial exploration campaign in the first quarter of 2024. The acquisition is considered to be a “transformational opportunity” and has been well-received by the markets, with shares trading up 40%.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Jul 11, 2026 07:15

H1 Refined Cobalt Price Surged over 97% YoY; Demand Remains the Current Focus; What Can the Market Expect Going Forward? [Weekly Observation]

Jul 11, 2026 07:15

Jul 10, 2026 19:20

[SMM Analysis] Riding the Winds In and Outside China, Breaking the Iron Law of Old Cycles: 2026 Energy Storage Battery Cell Semi-Annual Review and Outlook

[SMM Analysis] In H1, the overflow of global utility-scale energy storage long-term contracts intertwined with the growing pains of production line upgrades. This not only completely shattered the cyclical pattern of "retreat after rapid rise" in the energy storage market, but also directly triggered a structural shortage and a strong price recovery for 314Ah battery cells. Furthermore, driven by the looming cancellation of tax rebates at year-end, an even more intense wave of "export rush" is gaining momentum, potentially pushing the full-year battle between volume and price to its peak.

Jul 10, 2026 19:20

Jul 10, 2026 18:49

[SMM Analysis] Separator Market 2026 Semi-Annual Review: Supply-Demand Pattern Tightens Marginally, Price Center Gradually Moves Up

Production-wise, China's cumulative production of lithium battery separators from January to June was approximately 17.416 billion m², of which wet-process separators accounted for 15.005 billion m², or 86.16%, and dry-process separators accounted for 2.411 billion m², or 13.84%.

Jul 10, 2026 18:49