“The London Metal Exchange (LME) tin price has surged to near two-year highs...as exchange inventory slides and yet another threat to an already stressed supply chain emerges. LME three-month metal hit $33,130 per metric ton on Wednesday, April 10, a level last traded in June 2022. Currently trading at $32,000, tin is now up by 27% since the start of the year. Copper, the second-best performer among the LME base metals suite, is up by a comparatively modest 10% since the start of January. Speculative buying has played its part in the sharp rally, with fund positioning as bullish as it’s been since March 2022, when the price was on a super-charged run to above $50,000 per ton. Tin is clearly back in the spotlight as investors buy into the market’s bull narrative of resurgent demand and challenged supply” (reuters.com). Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium
About us
IberAmerican Lithium (NEO: IBER) is a hard-rock lithium exploration company focused on advancing its 70% owned Alberta II & Carlota Properties located in the Galicia region of northwestern Spain.
- Website
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www.IberAmericanLithium.com
External link for IberAmerican Lithium
- Industry
- Mining
- Company size
- 2-10 employees
- Headquarters
- Toronto
- Type
- Public Company
Locations
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Primary
Toronto, CA
Employees at IberAmerican Lithium
Updates
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“Penouta is in northwestern Spain in Galicia, the same mining-friendly region in which IberAmerican’s two existing, adjacent lithium projects, Alberta II and Carlota, are located. Late last year, IberAmerican acquired the remaining 30% of these assets from Strategic Minerals for CA$1 million, thereby gaining complete control of them, Becher explained in an interview. IberAmerican previously had purchased and held the other 70%. ‘Drawing on some of the previous work that had been done [at Alberta II], what really got us excited was 11 meters of 1.24% lithium,’ IberAmerican Chief Executive Officer Campbell Becher, told Thomas Warner of Proactive Investors. ‘We’ve got roughly 16 kilometers of strike, and we’re right in the sweetheart area.’” (streetwisereports.com) Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium
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#Tantalum (Ta) is employed in various applications due to its high density, exceptionally high melting point, and excellent resistance to all acids except hydrofluoric acid at ordinary temperatures. Its uses include serving as an alloy due to its high melting point and anti-corrosion properties, being used in medical implants and implant coatings, and being utilized in the production of special glass with a high index of refraction for items such as camera lenses (visualcapitalist.com) Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium
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Don't miss out on the latest #updates from IberAmerican! Follow us on social media and visit iberamericanlithium.com for all the latest project news and company information. Instagram: @iberamericanlithium Twitter: @IALithium LinkedIn: Iberamerican Lithium Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium
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The Penouta Project, located in the northwestern Spanish province of Ourense, formerly produced a #tin, #tantalum, cassiterite concentrate. What is tin? Tin (Sn), is a chemical element belonging to the carbon family, Group 14 (IVa) of the periodic table. It is a soft, silvery white metal with a bluish tinge, known to the ancients in bronze, an alloy with copper. Tin is widely used for plating steel cans used as food containers, in metals used for bearings, and in solder. Tin-plating of iron protects the latter from corrosion; tin piping and valves maintain purity in water and beverages; molten tin is the base for (float) plate-glass production (britannica.com). Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium
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On May 24, 2024, Strategic Minerals held its Annual and Special Meeting of Shareholders. At this meeting, the shareholders approved the amalgamation between Strategic Minerals and IberAmerican Resources Inc., a subsidiary of IberAmerican. This amalgamation is part of IberAmerican's acquisition of Strategic Minerals, announced on March 20, 2024. As part of the deal, Strategic Minerals' common shares will be exchanged for IberAmerican common shares at a ratio of 1 IberAmerican share for every 7 Strategic Minerals shares.Campbell Becher, Chief Executive Officer and Director of the Company said, “We are delighted by the overwhelming support shown by the shareholders of Strategic Minerals in favour of the Amalgamation and by extension the Transaction. This resounding vote of confidence reaffirms our vision for IberAmerican’s future and underscores the synergies and opportunities that lie ahead. We eagerly anticipate closing the Transaction as soon as possible and are committed to delivering long-term value for our current and future stakeholders.” (Company News Release dated May 27, 2024). Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium
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Last month, IberAmerican announced the appointment of Mike Jones as Chief Operating Officer of the Company. As Chief Operating Officer, Mike will oversee the mining operations of the Company encompassing its existing lithium assets that are in the exploration and evaluation phase, and the tin and tantalum mining operations at the Penouta mine pursuant to the anticipated closing of the previously announced business combination with Strategic Minerals Europe Corp. “With over 40 years of mining operations and business strategy acumen spanning a multitude of mining operations and technical analysis, Mike brings a very diverse set of experiences and an end-to-end view of our evolving business that will benefit IberAmerican and our continued growth well into the future. I and the rest of the leadership team look forward to working alongside him as our new Chief Operating Officer.” - Campbell Becher, Chief Executive Officer and Director of the Company (Company News Release dated May 30, 2024). Click the link below for more information: https://lnkd.in/eDrsdKUd
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“Referencing the imminent company merger, Future Money Trends wrote on May 28, "IberAmerican is slated to purchase the Penouta #tin mine, the largest in Europe," and described the project as a "crown jewel asset." As well as tin, production from Penouta also includes #tantalum and #niobium, three crucial #metals to the #decarbonization and the #green energy #transition happening around the world, Strategic Minerals said.” Click the link below to read the article: https://lnkd.in/e7QT5YSu Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium
Lithium Co. Step Closer to Making Acquisition
streetwisereports.com
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IberAmerican Announces “Best Efforts” Private Placement of a Minimum of C$7 Million. Click the link below to learn more: https://lnkd.in/exSSCqGK Cboe CA: IBER | OTCQB: IBRLF #mining #stocks #renewableenergy #iberamericanlithium
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IberAmerican Lithium reposted this
Lithium Co. Step Closer to Making Acquisition: https://ow.ly/MXYZ50S7Cus IberAmerican Lithium $IBER:CBOE $IBRLF has production plans for the project it would gain in this deal as well as one of its already 100%-owned assets. Read on to learn more about both. #lithium #batterymetals #miningstocks
Lithium Co. Step Closer to Making Acquisition
streetwisereports.com