Connect with us
Prague Gaming & TECH Summit 2024

Fintech PR

Western Leaders Seeking Diverse Lithium Supplies to Reduce Worrisome Dependence on China

Published

on

western-leaders-seeking-diverse-lithium-supplies-to-reduce-worrisome-dependence-on-china

FN Media Group Presents USA News Group News Commentary

VANCOUVER, BC, Nov. 30, 2023 /PRNewswire/ — USA News Group: US President Joe Biden recently met with Latin American leaders, as part of a broader effort to reduce American dependence on China. The move isn’t isolated, after a worrisome research paper was presented to EU leaders urging a dire need to diversify away from China towards Africa and Latin America as demand for lithium-ion batteries and fuel cells balloons by 2030. Industry leaders are taking the need to decouple seriously, with Tesla Inc. (NASDAQ:TSLA) moving ahead on putting its new lithium refinery in Texas online sooner than anticipated, while lithium miners continue development of their new projects, such as those from Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Alpha Lithium Corporation (NEO:ALLI) (OTCPK:APHLF), Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML), and Piedmont Lithium Inc. (NASDAQ:PLL).

With its flagship asset located in Salta Province, Argentina, Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF ) is strategically positioned within the world famous Lithium Triangle. With recent developments at the project, LIS appears to be on the cusp of a breakthrough. Located directly next door to Korean giant Posco’s $4-billion lithium project, Lithium South is reporting the installation of the first production well at its HMN Li Project, with a pump test to follow immediately after the hole is cased and screened.

The announcement came swiftly on the heels of a previous announcement from Lithium South, stating that the company is preparing an updated NI 43-101 Preliminary Economic Assessment (PEA), using a newly upgraded Measured resource of 1.58 million tonnes Lithium Carbonate Equivalent (LCE). Taking into consideration current market conditions and pricing for LCE, Lithium South projects that the new report will use an Initial Design Capacity (IDC) of 15,000 tonnes per year LCE production.

The now up-to-date calculation represented a 175% increase through a newly updated NI 43-101 Technical Report in the HMN Li’s total lithium brine resource from 571,000 tonnes to 1,583,100 tonnes LCE at an average grade of 736 mg/L, with a low average magnesium (a brine contaminant) to lithium ratio of just 3.27

“We are very pleased with our new updated lithium resource at the HMN Li Project,” said Fernando Villarroel, COO and Project Manager for Lithium South. “The quality of the brine has exceeded our expectations.”

In addition to the production well’s installation, Lithium South is in the process of permitting and conducting evaporation test work.

“We are very excited to be able to increase our total LCE resource by such a wide value,” said Adrian F. C. Hobkirk, President and CEO of Lithium South. “With the increase in overall resource, we look forward to developing a larger mining plan.”

Also within the Hombre Muertos Salar are properties of Alpha Lithium Corporation (NEO:ALLI) (OTC:APHLF), which recently saw its shareholders agree to sell 67.4% of the company’s issued and outstanding shares to Tecpetrol for roughly C$205 million. Prior to the completion of the deal, Alpha Lithium provided a drilling update on two wells on one of its existing properties in Hombre Muerto.

Included in their most recent drilling results, Alpha Lithium reported the first well’s average lithium concentration of 784 mg/L, with an average Mg:Li ratio of 2.42, and the second delivering an average lithium concentration of 836 mg/L, with an average Mg:Li ratio of 2.50.

“These results confirm what our world-class exploration team expected all along – that Hombre Muerto is one of the world’s finest salars,” said Brad Nichol, President and CEO of Alpha.

On the other side of South America, Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML) is another lithium player that has recently updated its lithium resource estimate with an approximately 25% potential increase. At its Grota do Cirilo Lithium Project, Sigma Lithium reported the company had increased the exploration potential of Phase 4 to approximately 26 to 30Mt, adding to the previously released June 2023 NI 43-10 Technical Report which cited a mineral resource estimate comprised of 77.0 Mt of measured and indicated mineral resource grading at 1.43% Li2O and 8.6 Mt of inferred mineral resources grading at 1.43% Li2O.

Sigma is a current large-scale and low-cost producer but also has mineral resource estimates to potentially surpass 110 million tonnes of open pit deposits,” said Ana Cabral, CEO of Sigma Lithium. “This scale underscores our strategic relevance to become the foundation of global supply chains that will deliver the decarbonization of EV batteries.”

Beyond Latin America, there’s plenty of optimism surrounding potential lithium development in Africa. Despite moving forward on its operations in Canada, Piedmont Lithium Inc. (NASDAQ:PLL) embarked on forging the first link of a lithium supply chain in West Africa—at the Ewoyaa lithium project in Ghana, where the company is the second-largest shareholder of the operator, Atlantic Lithium. As per the current arrangement, Piedmont owns a 9% equity interest in Atlantic Lithium, and has also exercised its option to acquire an initial 22.5% interest in Ewoyaa, subject to government approvals.

“Our investment in Ewoyaa will help alleviate potential future US supply constraints and provide crucial resources to help reduce America’s dependence on foreign nations, like China,” said Keith Phillips, CEO of Piedmont in an email to Bloomberg.

Atlantic Lithium expects the Ewoyaa permitting process to be finalized in H2 2024, ahead of what’s being projected to produce feedstock material for another proposed 30,000 metric ton per year Tennessee-based lithium hydroxide conversion facility. Coupling the impact of work being done in Ghana with new drill results in Canada that could lead to mineral resource upgrade, Piedmont is positioning itself to contribute significantly to the global lithium supply.

Among Piedmont’s offtake buyers is Tesla Inc. (NASDAQ:TSLA), which is working to develop its own lithium refining facility on the Gulf Coast of Texas. According to the company’s updated timeline, construction is set to be finished next year, with expected production in 2025.

Previously, Tesla confirmed that it planned to invest $365 million in the lithium plant, which would employ about 165 people full-time plus another 250 construction jobs for about two years. The automaker and battery manufacturer announced ground breaking on the project in May, 2023.

“As we look ahead a few years, a fundamental choke point in the advancement of electric vehicles is the availability of battery grade lithium,” said Elon Musk, CEO of Tesla at the ground-breaking ceremony. “We intend to continue to use suppliers of lithium, so it’s not that Tesla will do all of it.”

Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/ 

Article Source:
USA News Group
http://USAnewsgroup.com [email protected]

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

This release contains “forward-loking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
[email protected] 
U.S. Phone: +1(954)345-0611

View original content:https://www.prnewswire.co.uk/news-releases/western-leaders-seeking-diverse-lithium-supplies-to-reduce-worrisome-dependence-on-china-302001752.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

MIAX Named Best Trading Platform at the Fund Intelligence Operations and Services Awards 2024

Published

on

miax-named-best-trading-platform-at-the-fund-intelligence-operations-and-services-awards-2024

PRINCETON, N.J., Feb. 22, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire, LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEXTM), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX), and Dorman Trading, LLC (Dorman Trading), today announced that MIAX has been named the “Best Trading Platform” at the Fund Intelligence Operations and Services Awards 2024.

“We are honored to be recognized for the second year in a row as recipients of the award for ‘Best Trading Platform,'” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX. “The members of our technology team are regarded as some of the best in the exchange industry and this award is a testament to their talents.”

Since 2016, MIAX has been named a winner every year at the Fund Intelligence Operations and Services Awards. MIAX won the “Most Innovative Technology” for the years 2017 through 2020, received the “Best Options Trading Platform” award for 2021, and the “Best Trading Platform” award for 2022.

“Our in-house built, proprietary technology has been an integral part of MIAX’s successful track record, and we continually evaluate and refine our infrastructure to support the increasing demands of the exchange industry,” said Matthew J. Rotella, Senior Vice President and Chief Technology Officer of MIAX. “MIAX Exchange trading platforms have been fully operational 99.999% of the time since we launched our first exchange in 2012, even as trading volumes have surged and financial markets have experienced multiple periods of elevated market volatility. We remain dedicated to delivering world-class speed and reliability to our customers in 2024 and beyond.”

For over 20 years, the Fund Intelligence Operations and Services Awards have recognized and rewarded the outstanding skills and talents of the vendor community servicing the complex and evolving needs of asset managers and their clients.

About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEX™), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX also serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes.

LedgerX is a CFTC regulated exchange and clearinghouse and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Facility (SEF) with the CFTC.

BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.

Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC.

MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in Miami, FL. MGEX offices are located in Minneapolis, MN. LedgerX offices are located in Princeton, N.J. BSX offices are located in Hamilton, Bermuda. Dorman Trading offices are located in Chicago, IL.

To learn more about MIAX visit www.miaxglobal.com.

To learn more about MGEX visit www.miaxglobal.com/mgex.

To learn more about LedgerX visit www.ledgerx.com.

To learn more about BSX visit www.bsx.com.

To learn more about Dorman Trading visit www.dormantrading.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
[email protected]

Logo – https://mma.prnewswire.com/media/1396492/MIAX_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/miax-named-best-trading-platform-at-the-fund-intelligence-operations-and-services-awards-2024-302068863.html

Continue Reading

Fintech PR

Pentera Launches Global Partner Program to Accelerate Growing Channel

Published

on

pentera-launches-global-partner-program-to-accelerate-growing-channel

Pentera’s program empowers ecosystem partners to accelerate their growth across more than 50 countries globally

BOSTON, Feb. 22, 2024 /PRNewswire/ — Pentera, the leader in Automated Security Validation, today announced the launch of its new Partner Program. The global program reinforces Pentera’s channel-first go-to-market strategy and offers its channel partners a more lucrative and systematic approach to creating, managing, and growing sales opportunities.

From the moment they join the program, Pentera partners have access to the company’s complete portfolio of award winning Automated Security Validation solutions, including Pentera Core, Pentera Surface, RansomwareReady™, and Credential Exposure. Pentera’s one-day Proof of Value (PoV), empowers partners to rapidly prove product value, and shorten traditional sales cycles to drive revenue.

“Partnering with Pentera was an excellent decision. Their swift response times and efficient onboarding have made collaboration smooth sailing,” said Alexander Stemper, VP of Security Sales at NTT DATA Deutschland. “Pentera’s automated security validation solution integrates seamlessly into our offering and has strengthened our ability to shield our clients from evolving threats. We are excited for the new partner program and looking forward to the next chapter of our successful partnership to protect businesses worldwide.”

The Pentera Partner Program meets a range of partner needs while rewarding them for the value they deliver throughout the customer lifecycle. The program is based on three tiers of participation – Associate, Premier, and Elite. Each tier offers progressively more lucrative financial incentives and discount structures, as well as more advanced training opportunities, sales tools, and marketing support. The program features:

  • Onboarding sessions, including in-person and online sales and technical workshops
  • Deal registration incentives and price protection
  • Personal training and certification program options
  • A digital resource portal, including sales toolkits, email templates, materials for co-branding, demos, and on-demand trainings
  • Access to demo and lab environments
  • Access to PoV licenses

Pentera has been doubling its business year-over-year since going to market in 2018. The company is a global market leader with customers in over 50 countries and regional offices across 18 countries in North America, EMEA, APAC, and LATAM.

“Since going to market, Pentera has established itself as the unquestioned leader in Automated Security Validation across every metric,” said Kirt Jorgenson, VP Global Channel at Pentera. “The introduction of the Pentera Global Partner Program represents a significant investment from Pentera in the success of its partners and will enable our partner ecosystem to play an even larger role in our channel-first go-to-market strategy. As Pentera continues to grow, we will continue to increase our investment in the channel to power the mutual growth of both Pentera and our global partner ecosystem.”

About Pentera

Pentera is the category leader for Automated Security Validation, allowing every organization to test with ease the integrity of all cybersecurity layers, unfolding true, current security exposures at any moment, at any scale. Thousands of security professionals and service providers around the world use Pentera to guide remediation and close security gaps before they are exploited. For more info, visit: pentera.io

Media contact for Pentera
Noam Hirsch
Senior PR Manager
[email protected]

 

View original content:https://www.prnewswire.co.uk/news-releases/pentera-launches-global-partner-program-to-accelerate-growing-channel-302068593.html

Continue Reading

Fintech PR

SOUTH AFRICAN MOBILE OPERATORS ANNOUNCE NEW SERVICES TO COMBAT FRAUD, AS PART OF GSMA OPEN GATEWAY INITIATIVE

Published

on

south-african-mobile-operators-announce-new-services-to-combat-fraud,-as-part-of-gsma-open-gateway-initiative

Telecommunications operators Cell C, MTN, and Telkom welcome launch of two universal network APIs, that will be available in South Africa, to help combat fraud and digital identity theft in sectors including banking, finance, insurance, and retail

JOHANNESBURG, Feb. 22, 2024 /PRNewswire/ — As part of the global GSMA Open Gateway initiative, South African operators will now be able to implement world-class Number Verification and SIM Swap – Application Programme Interfaces (APIs) – to coincide with the start of MWC 2024. They will be available to all mobile commerce, financial institutions, and developers to create new services to combat digital fraud and protect South Africa’s 47 million mobile subscribers.

South Africa saw a 24% surge in reported incidents of digital banking fraud in 2022, according to a report published last year by the South African Banking Risk Information Centre (SABRIC). The rise, which resulted in cybercriminals stealing over R740 million from unsuspecting victims, was primarily attributed to the growing number of fraud cases related to banking applications and online banking.

Given the alarming surge in digital banking fraud in South Africa, standardizing APIs by Mobile Network Operators (MNOs) presents a promising avenue for mitigating such threats. By leveraging their infrastructure and expertise, MNOs can enhance security measures within banking applications and online banking platforms. They are also able to implement robust fraud detection and prevention mechanisms, bolstering overall resilience of digital banking systems against cyber threats.

The standardization of APIs allows developers to implement:

  • Number Verification – offers seamless verification of a user’s mobile number by providing the next generation of strong authentication and user experience. It is a simple evolution path for any business that uses mobile numbers and SMS One-Time-Passwords. Instead of relying on SMS, Number Verification can be seamlessly and automatically activated to verify a user’s identity.
  • SIM Swap – used to check whether a given phone number has recently changed SIM cards. This helps to prevent account takeover attacks, in which fraudsters take control of the account owner’s SIM card using social engineering techniques and stolen personal data. For example, at the time of a financial transaction, a financial institution can check whether the relationship between the customer’s phone number and SIM card has recently been changed, helping them to decide whether to approve the transaction or not.

Continue reading the full press release here.

Photo – https://mma.prnewswire.com/media/1882833/GSMA_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/south-african-mobile-operators-announce-new-services-to-combat-fraud-as-part-of-gsma-open-gateway-initiative-302068864.html

Continue Reading

Trending