[SMM Analysis] Overseas Lithium News from 4.27-4.3

[XTC Lithium Co., Ltd. Focuses on Argentine Lithium Projects, Joins Forces with New Strategic Partner]

XTC Lithium Co., Ltd. has signed a non-binding letter of intent with B&M of the US for the potential development of the Caracal lithium project in Argentina, with B&M potentially acquiring up to a 50% stake in the project. This strategic move aligns with XTC's focus on lithium development, as the company has divested non-core assets in Western Australia and South Korea, enabling it to concentrate resources on the Caracal project. The company is also undergoing corporate changes and working to resume trading.

Source: newsnow.com

[Delta Lithium Expands Yinnetharra Project Through Strategic Acquisition]

Delta Lithium Limited has announced the acquisition of the Mortimer Hills lithium project from Zeus Resources, expanding its tenement holdings adjacent to the Yinnetharra lithium and tantalum project. This strategic acquisition adds approximately 28 square kilometers to Delta's exploration area, enhancing its footprint around the Thirty-Three Supersuite granite. The acquisition supports Delta's strategy for resource growth and discovery, with plans for immediate exploration and feasibility studies. This move is expected to enhance Delta's exploration capabilities and significantly contribute to its resource estimates, positioning the company strongly in the lithium and tantalum markets.

Source: newsnow.com

[Walton Plans to Invest 1.14 Billion Taka in Lithium Battery Plant Construction]

Walton Hi-Tech Industries PLC, a leading manufacturer of electrical and electronic equipment, has announced plans to invest nearly 1.14 billion taka to establish a lithium-ion battery production facility.

The company stated on April 27 that the local production of these rechargeable batteries, which are widely used in portable electronic devices, EVs, and other applications, will reduce reliance on imports.

This will also create new job opportunities and exports, as well as promote technological development.

Following its board's approval of the project and the company's unaudited earnings for the third quarter of the current fiscal year, Walton stated that commercial production is expected to commence in mid-2026.

Source: thedailystar.net

[Sayona Mining Expands Moblan Lithium Mine Project]

Sayona Mining (ASX: SYA) has announced positive results from its 2024 drilling campaign at the Moblan lithium mine project in Canada, a joint venture with Investissement Québec. The drilling program, comprising 99 holes totaling 28,514 meters, aimed to collect infill data for a potential upgrade of the Mineral Resource Estimate (MRE). The results revealed significant high-grade lithium mineralization intercepts outside the current mineral resource pit shell, indicating potential for resource expansion at depth. Notable analytical results include 43.6 meters from 107 meters with 1.75% lithium oxide and 50.35 meters from 239 meters with 1.8% lithium oxide.

Source: sharecafe.com