Lithium Universe (LU7:AU) has announced Prospectus
Download the PDF here.
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Critical Metals
(NASDAQ:CRML) got a boost on Monday (June 16), landing a letter of interest
(LOI) for a non-dilutive US$120 million funding package from the Export-Import Bank of the US (EXIM).
The funds would be used to advance its Tanbreez rare earths project in Southern Greenland.
Touted as one of the world’s largest rare earths deposits, Tanbreez is expected to produce up to 85,000 metric tons of rare earth material annually, with more than 27 percent classified as heavy rare earth elements.
“This is a tremendous milestone for Critical Metals Corp which highlights to the rare earths supply chain, Western Governments and investors that Tanbreez is a world-class asset that will provide mission-critical rare earth metals to counter China’s continued dominance,” said Critical Metals CEO and Chairman Tony Sage.
The funding would support pre-production, technical studies and early mining activities. EXIM’s financing falls under its new Supply Chain Resiliency Initiative and comes with a 15 year repayment term.
Critical Metals acquired
a controlling stake in Tanbreez in June 2024 in a transaction valued at up to US$211 million. It expects the asset to require US$290 million in capital expenditure to advance to initial commercial production.
The US$120 million from EXIM would support key early stage work at Tanbreez, including technical and economic studies, pre-production activities and the start of mining operations.
The company is aiming to complete a definitive feasibility study by late 2025.
Critical Metals also plans to invest an additional US$10 million in exploration this year, giving it the option to increase its ownership in the project to 92.5 percent through the acquisition of a further 50.5 percent stake.
“We are now razor focused to put Tanbreez into production as soon as possible,’ said Sage
.
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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A court in Bamako has ordered the temporary transfer of operational control of Barrick Mining’s (TSX:ABX,NYSE:B) Loulo-Gounkoto gold-mining complex to a state-appointed administrator for six months.
The ruling, handed down on Tuesday (June 17) by the Tribunal de Commerce, empowers former health minister and certified accountant Soumana Makadji to run one of Barrick’s most lucrative global assets.
The company has described the move as “unjustified” and “unprecedented.”
According to Judge Issa Aguibou Diallo, the ruling was made under Article 160-1 of the OHADA corporate law framework, which allows a court to appoint a provisional administrator when the regular functioning of a company becomes impossible. The administrator, Makadji, is tasked with reopening the mine site, participating in negotiations with Barrick and reporting to the court on a quarterly basis — though not to the government.
Makadji is seen in Bamako as a technocrat with strong ethical credentials. His appointment is intended to stabilize operations at Loulo-Gounkoto, which Barrick suspended in January 2024 after the Malian government physically removed unsold gold from the mine and froze the company’s ability to export.
Despite the administrative change, Barrick maintains that its subsidiaries remain the legal owners of the mine.
In a statement released on Monday (June 16), the company emphasized that its “ongoing efforts to reach a constructive and sustainable resolution” have been met with escalatory actions by the state.
“While the company has made a number of good-faith concessions in the spirit of partnership, it cannot accept terms that would compromise the legal integrity or long-term viability of the operations,” Barrick said.
Arbitration and legal fallout
Barrick has already launched international arbitration proceedings at the World Bank’s International Center for Settlement of Investment Disputes, as per a May 29 Reuters article.
The company has asked the tribunal to declare that its Malian subsidiaries are protected under longstanding mining conventions, which it argues are not subject to retroactive legislative changes. Mali, however, contends that the convention covering Loulo expired in April 2023, subjecting it to the updated mining code.
The arbitration tribunal has now been formally constituted, and Barrick has filed a request for provisional measures to prevent Mali from further intervening until the dispute is resolved.
A disputed settlement
In February 2024, a tentative settlement appeared close. According to Jeune Afrique, Barrick had agreed in principle to pay 225 billion West African CFA francs (roughly US$396 million) in instalments, recognize the new 2023 mining code and convert Mali’s 20 percent equity stake in Loulo-Gounkoto into “priority shares.”
The government would in turn release the seized gold and free the detained executives.
But the deal collapsed. A Malian negotiator later claimed Barrick had signed the “wrong” agreement and warned the government had “the right to take control of the mines” if the company failed to resume operations.
The ruling junta, led by Colonel Assimi Goïta, has made resource nationalism a hallmark of its post-coup economic strategy. Since coming to power in 2020, the military-led regime has shown a willingness to pressure foreign firms to comply with state priorities, especially in strategic sectors like mining.
The Loulo-Gounkoto dispute is now emblematic of the wider uncertainty surrounding foreign investment in Mali, a country where gold accounts for over 70 percent of export earnings.
Future implications
Loulo-Gounkoto is a cornerstone of Barrick’s global portfolio.
In 2023, the complex produced 723,000 ounces of gold, second only to Barrick’s Carlin mine in Nevada. It boasts remaining reserves of 7.3 million ounces, making it one of the largest high-grade gold systems in the world.
The financial implications of the shutdown are significant. Analysts warned in December that continued disruptions at the site could cut 11 percent from Barrick’s projected 2025 EBITDA.
Morningstar had earlier projected that Loulo-Gounkoto would contribute 250,000 ounces to Barrick’s output this year — an estimate now scrapped from the company’s 2025 guidance.
Further complicating matters, the permit for the Loulo section of the complex is set to expire in February 2025, just weeks after the six month provisional administration period ends. Barrick said it applied for a renewal four months ago, but has received no response from the government. The Gounkoto permit remains valid for another 17 years.
Barrick has said it remains committed to reaching a “mutually acceptable solution” and has appealed the court’s decision. But with no public comment from the Malian government and the provisional administrator now in place, a quick resolution appears unlikely.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Galan Lithium Limited (ASX:GLN) ( Galan or the Company ) is pleased to announce it has secured a binding commitment for a A$20 million placement ( Placement ) at A$0.11 per share, a 21% premium to the last closing price of A$0.091 as at 19 June 2025 from an existing shareholder, The Clean Elements Fund ( Clean Elements ). Additionally, Clean Elements will receive one unlisted option for every two shares issued under the Placement, with an exercise price of A$0.15 per option and an expiry date that is three years from the date of issue.
The Placement is subject to Clean Elements’ satisfactory completion of due diligence over a period not longer than 77 days. Full completion of the Placement will require shareholder approval which will be sought at a Galan general meeting, expected to be held in early September 2025 .
The Placement provides the final construction funding solution for Phase 1 (at 4ktpa LCE), of the Company’s world class Hombre Muerto West project ( HMW ) in Argentina , which will see production of lithium chloride concentrate in H1 2026.
Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:
‘ We are extremely pleased to receive further support from Clean Elements. HMW is a world-class lithium project, offering exceptional scale and grade. This commitment from Clean Elements, priced at a significant premium to our last closing share price, reflects the value proposition provided by Galan.
To have executed this funding agreement whilst facing strong macro headwinds for the lithium industry is a huge achievement for Galan and further validates the unique attributes of HMW. With a clear pathway to first concentrate production, this support positions Galan to focus on execution. The next 12 months promise to be a transformational period for Galan and the team remains fully focussed on the creation of significant value for all shareholders.’
Clean Element’s Chairman, Ofer Amir, stated:
‘We are incredibly excited to partner with Galan Lithium on what we believe is one of the most compelling lithium opportunities in Argentina today. After extensive evaluation of the Argentinian lithium landscape, HMW stands out as an exceptional world-class asset with the rare combination of scale, grade, and execution capability that positions it to be a major force in the global lithium market. This investment represents Clean Elements’ confidence in Galan’s transformative potential and our shared vision of powering the clean energy revolution.
Our investment in Galan reflects our disciplined approach to identifying high-quality lithium assets with strong fundamentals and experienced management teams. Galan’s impressive resource base of 9.5 Mt LCE, combined with its low-cost position in the first quartile globally and proven operational track record in the Hombre Muerto Salar, aligns perfectly with our investment criteria. We were particularly impressed by Galan’s strategic partnership with Authium, which enhances project economics through innovative processing technology while securing offtake agreements that de-risk the path to production. We look forward to supporting Galan beyond Phase 1 as they execute their long term production growth plan towards 60 ktpa LCE.’
Details of the Placement
The Company has received binding commitments for a total of 181,818,182 shares at an issue price of A$0.11 per share. 90,909,091 options (exercisable at A$0.15 with a 3 year expiry from issue date) will also be issued.
The Placement is expected to settle in two tranches:
- Tranche Two – A$10 million , 90,909,091 shares and 45,454,545 options (exercisable at A$0.15 with a 3 year expiry from issue date), subject to shareholder approval and completion of due diligence. Expected settlement on or around 28 November 2025 .
The proceeds of the Placement will be utilised to complete Phase 1 construction activities in H2 2025 required to realise first lithium chloride production in H1 2026. The Company notes that a US$ 6 million prepayment facility will be available to the Company under the terms of the offtake and prepayment agreement with Authium Limited ( Authium ) (see announcement https://shorturl.at/GaU0r) .
In light of the current market conditions, the Company decided to pursue the Placement, which was structured at a 21% premium to Galan’s last closing price. Despite efforts to secure debt funding, the prevailing economic environment has resulted in unfavourable terms and higher costs associated with debt. By opting for equity raising Galan will strengthen its balance sheet and minimise financing risk, whilst carrying no debt, as the Company brings HMW into production.
About Hombre Muerto West
HMW is a multi-decade, lithium brine project in Argentina with compelling economics. Phase 1 provides for a 4ktpa LCE operation, producing a 6% LiCl concentrate product over a projected 40-year life. Finalisation of Phase 1 and commencement of production is the key focus Galan. Beyond Phase 1, the Company will undertake a phased scaling approach, eventually ramping up to 60ktpa at the conclusion of Phase 4. This approach mitigates funding and execution risk and will allow for continuous process improvement.
With a world class resource and a cost profile within the first quartile globally, HMW is a clear demonstration of the benefits of a high-quality lithium brine asset. These benefits are allowing Galan to progress through development and into production with a lower capital intensity and lower risk profile when compared to hard rock lithium (spodumene) projects.
As importantly, lithium chloride is a key component for lithium iron phosphate (LFP) batteries, which have become the dominant battery product globally. With the ability to be cost effectively converted into a lithium dihydrogen phosphate or lithium carbonate, lithium chloride, as will be produced at HMW, is an ideal source for LFP batteries.
Please refer to Mineral Resource Statement for Galan’s Total Resources of 9.5Mt LCE.
The Galan Board has authorised this release.
For further information contact:
|
COMPANY |
MEDIA |
|
Juan Pablo (‘JP’) Vargas de la Vega |
Matt Worner |
|
Managing Director |
VECTOR Advisors |
|
jp@galanlithium.com.au |
mworner@vectoradvisors.au |
|
+ 61 8 9214 2150 |
+61 429 522 924 |
About Galan
Galan Lithium Limited (ASX:GLN) is an ASX-listed lithium exploration and development business. Galan’s flagship assets comprise two world-class lithium brine projects, HMW and Candelas, located on the Hombre Muerto Salar in Argentina , within South America’s ‘lithium triangle’. Hombre Muerto is proven to host lithium brine deposition of the highest grade and lowest impurity levels within Argentina . It is home to the established El Fenix lithium operation, Sal de Vida (both projects are operated by Arcadium Lithium) and Sal de Oro (POSCO) lithium projects. Rio Tinto is now in the process of acquiring Arcadium Lithium plc. Galan also has exploration licences at Greenbushes South in Western Australia , just south of the Tier 1 Greenbushes Lithium Mine.
About Clean Elements
Clean Elements is a private holding company specifically founded to pursue the development of high performing lithium assets in Argentina and globally. Clean Elements has a successful track record in investing in lithium brine assets, notably completing a financing transaction with NOA Lithium in 2024. Clean Elements is partnered with Swiss financial expert firm ISP Securities Ltd., part of the ISP Group, who is a leading Swiss financial service provider specializing in wealth management, asset management, securitisation and trading services. ISP Group has companies in Switzerland ( Zurich and Geneva ), Dubai , Hong Kong , and Israel .
Contact:
Ofer Amir
ofer@thecleanelements.com
+97254492777
View original content: https://www.prnewswire.com/news-releases/galan-lithium-limited-a20-million-placement-to-strategic-partner-302486923.html
SOURCE Galan Lithium Limited
News Provided by PR Newswire via QuoteMedia
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Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line.
The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a person familiar with the matter who requested anonymity to speak candidly. The person added that the delays are internal and not because of a supplier or shipping issue.
No date has been determined for the new launch date, the person added.
The person also said the relationship with Kardashian and the brand is still strong and that everyone is on the same page, but they want to make sure they take their time and get the products right.
Nike first announced the Skims partnership in February and said it would include apparel, footwear and accessories. Since then, Heidi O’Neill, one of the key leaders behind the partnership, has left the company.
New Nike CEO Elliott Hill has been betting big on the Skims brand as he looks to re-invigorate the company after recent declines in sales and its business. For Skims, which was last valued at $4 billion, the partnership with Nike brings a growth opportunity as it expands into athleisure.
Nike’s stock is down more than 20% year-to-date.
“The origin of NikeSKIMS is rooted in a desire to bring something new and unexpected to an industry that is craving something different, and to invite a new generation of women into fitness with disruptive product designed to meet their needs in both performance and style,” the company said about the line when they introduced it.
The news was first reported by Bloomberg.
Nike and SKIMS collaboration featuring Kim Kardashian, Co-Founder and Chief Creative Officer, SKIMS.Courtesy: Nike Inc.
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Joe presents his game-changing “undercut and rally” trading pattern, which can be found in high volatility conditions and observed via RSI, MACD and ADX signals. Joe uses the S&P 500 ETF as a live case study, with its fast shake-out below support followed by an equally quick rebound; a good illustration of why lagging indicators can’t be trusted right after a vertical drop.
In addition, Joe maps out three possible scenarios for the S&P: (1) an orderly pullback, (2) a disorderly slide that erases moving-average support, or (3) a breakout. He closes by analyzing viewer requests, spotlighting DOCS and KMI for constructive consolidations, and flagging PGEN as still too weak for a swing entry.
The video premiered on June 18, 2025. Click this link to watch on Joe’s dedicated page.
Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.
Grayson explores a hidden gem on the SharpCharts platform: StyleButtons! These handy little customizable tabs give you quick, one-click access to your favorite chart templates, allowing you to jump from ChartStyle to ChartStyle with a seriously streamlined charting workflow. Grayson demonstrates how to create and save ChartStyles and assign them to StyleButtons in your account – a major efficiency boost for all StockCharts users! Plus, he describes how he uses StyleButtons to make multi-timeframe analysis a breeze and explain his unique “indicator layering” approach to ChartStyles.
This video originally premiered on June 18, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.
You can view previously recorded videos from Grayson at this link.
When the stock market seems to be drifting sideways without displaying a clear bullish or bearish bias, it’s normal for investors to get anxious. It’s like being at a crossroads, wondering whether to go left, right, or stay put.
The truth is nobody has a crystal ball, and predicting what the market will do next is a fool’s errand. Should you jump in and buy now, or wait for the price to dip lower? Instead of fretting over these questions, what you can do is empower yourself with the right tools to make informed decisions.
For one example, creating ChartLists is a terrific way to keep an eye on the charts that are important to you.
A logical starting point is to monitor a broad market index such as the S&P 500 ($SPX), which acts as a barometer for the overall health of the market. The chart from this week’s article “Navigate the Stock Market with Confidence” highlighted some important levels to monitor. The area between 5950 and 6050 is key; a break above or below these levels can signal what’s coming next.
Below is the chart of the S&P 500, with the key levels and updated to reflect the data after Wednesday’s close. Note that the index is still within the 5950 to 6050 range. Fed Chairman Jerome Powell’s press conference didn’t do much to move the market, although there was a bit of a selloff towards the close. But that’s nothing to be alarmed about. Active participants would have unloaded their positions ahead of Wednesday’s close due to the Middle East conflict and the market being closed on Thursday to observe Juneteenth.
FIGURE 1. DAILY CHART OF THE S&P 500. Monitor the price action at key support and resistance levels.Chart source: StockCharts.com. For educational purposes.
If the S&P 500 breaks below 5950, it could mean a further decline or a market reversal. On the other hand, if the index breaks above 6050, it could indicate a move towards new highs, or it could reverse after hitting its all-time high. With so many possible outcomes, navigating the stock market can feel like a puzzle.
This is where confirmation tools become your best friends. When the overall market is wavering, these tools provide that extra bit of confidence you need.
Take the McClellan Summation Index as an example. If you’re a regular reader of our weekly ChartWatchers newsletter (and if not, you should definitely check it out — it’s packed with insights), you might recognize the chart below from last week’s issue.
FIGURE 2. NYSE MCCLELLAN SUMMATION INDEX VS. THE NYSE COMPOSITE INDEX. Note the divergence between the two and the various levels (red horizontal lines). Chart source: StockCharts.com. For educational purposes.
This chart displays the NYSE McClellan Summation Index ($NYSI) overlaid on an area chart of the NYSE Composite Index ($NYA). The McClellan Summation Index tends to generate fewer signals, making it helpful for looking at medium and long-term trends. It helps to cut through the noise of an indecisive market and gives you a clearer picture.
Notice how, after its April low, the $NYSI climbed from -590 to 688 relatively quickly in sync with the NYSE. But here’s where it gets interesting: after hitting 688, there is a divergence. While the NYSE continued to move higher, the $NYSI started trending lower, making lower highs. This could be an early warning sign that the market’s upward momentum may be waning.
The McClellan Summation Index gives us some clear levels to monitor.
- Bearish scenario. If the S&P 500 falls below the 5950 level, followed by the $NYSI dropping below its last low of 525, then it’s likely equities could see further declines.
- Bullish scenario. If the S&P 500 breaks above the 6050 level, followed by the $NYSI moving higher than 642 and then the 688.50 level, it would be a positive sign for equities.
The Bottom Line
So if you’re wondering when might be a good time to “buy the dip” but are unsure about when that dip might occur, these types of charting tools can help guide your investment decisions. If your indicators line up and confirm an upward move, consider investing a portion of your capital and then adding more if the market continues to move in your favor. A big part of how well you manage your finances has to do with money management.
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
The Fed should absolutely stop talking about being “data dependent”. That’s so far from the truth. If they were data dependent, we’d have either seen a rate cut today or Fed Chief Powell would have been discussing one for the next meeting. Inflation reports since the last Fed meeting have been benign. Economic reports, on the other hand, have shown weakness and are pointing to the need for lower interest rates.
Powell was having none of it. During Wednesday’s press conference, one reporter asked the Fed Chief why the Fed was able to lower rates in December, despite knowing that tariffs and their potential impacts were on the way. I thought it was a great question, because Powell was using future tariff impacts on inflation as the primary reason for holding rates steady today. It was a perfect illustration of The Waffler at his best. When another reporter asked Powell about his frequent comments that the Fed is data dependent and that all current data points to the need for an interest rate cut, The Waffler noted the Fed needs to “look ahead”. So which is it? Is interest rate policy being guided by current data or by looking ahead?
This is a repeat of 2021 and 2022. Remember all the inflation news and how The Waffler said inflation was transitory. I guess he was looking ahead when he made those comments. He and his band of wafflers looked ahead and got it wrong. Then, inflation data poured in higher than expected for months and he finally started his data dependency talk.
The Fed has been late to every single party for 7 years now and running. They’re running late again. Eventually, Mr. Waffler will get it right and our major indices will all move to all-time highs. For now, though, the reason for any period of consolidation or, worse yet, selling can be laid at the doorstep of none other than The Waffler.
Personally, I’m exhausted by the constant “listen to what I say until I change it” approach to interest rate policy. Yes, we’ve had a 100-year pandemic and a resulting inflation problem that’s been worse than any since the 1970s. We’ve had two trade wars. I get it. But I firmly believe that the extreme volatility and the four (FOUR!!!!!!!) cyclical bear markets that we’ve endured since The Waffler became the Fed Chief is, in large part, his fault. He was sworn in on February 5th, 2018 and the stock market has been a roller coaster ever since:
Name the last time that the U.S. has seen 4 different cyclical bear markets, all starting from all-time highs, within a 7-year period. Start the Jeopardy music.
His mismanagement of interest rates didn’t start with the pandemic. I wrote an article in December 2018, during his first year, saying that his call for two rate hikes in 2019 would never happen. The next interest rate move? A cut several months later in 2019. Here’s the article I wrote back then as we bottomed in December 2018:
“How The Grinch Stole Christmas” Featuring Jerome Powell
No one has been wrong more than The Waffler.
Now maybe you’re sitting back and saying, “Tom, what’s the big deal? The tariffs are a threat. Why not just wait it out and be sure there are no lingering inflationary pressures?” Well, if you don’t mind the potential of a 5th cyclical bear market before we finally boot this guy to the curb, then I say GO FOR IT. Why try to hasten an economic meltdown when it’s unnecessary? Who believes anything The Waffler says? He said we were going to get two rate hikes in 2019. We got an interest rate cut instead. He said inflation was transitory in 2021. Then the Fed had to start raising rates at an absurd rate, because inflation skyrocketed and he waited way too long to turn hawkish. The stock market bottomed in June 2022 and was returning back towards all-time highs just prior to his infamous “more pain ahead” speech from Jackson Hole, WY on August 26th, 2022. Subsequent to that speech, the stock market fell precipitously for two months before once again finding a new bottom. That entire selling episode was caused solely by his irresponsible remarks.
And now where are we? Holding rates steady while the European Central Bank (ECB) has cut rates for 8 straight meetings. The Waffler will eventually get it right. Unfortunately, a lot of innocent investors and traders will continue to pay the price – until someone finally shows him the exit.
His term expiration cannot get here soon enough for me. GOOD RIDDANCE MR. WAFFLER!
Market Manipulation
I’ve written often about what I call the “legalized thievery” of market makers. The extreme volatility over the past several years has triggered market manipulation like we’ve never seen before. The good news is that once you understand how it works, trading the stock market gets a whole lot easier. At EarningsBeats.com we’ve timed exits out of the stock market almost perfectly, prior to the onset of cyclical bear markets. Missing out on 20%+ declines and then jumping back in at or near major bottoms increases stock market returns dramatically.
It’s time that everyone understands how the stock market works. On Saturday, June 28th, at 10:00am ET, we will be hosting a FREE webinar, “Trading the Truth: How Market Manipulation Creates Opportunity”. This event promises to be a real eye-opener, unless you’re already an EarningsBeats.com member (in which case you’ve already become a seasoned veteran regarding manipulation). Do you want to see big stock market declines before they happen? I will teach you how.
Seating is limited and this event will be packed, I can guarantee you that. PLEASE be sure to register NOW and save your spot. Again, there is NO COST. Registration is easy. Simply CLICK HERE to register and for more information.
(By the way, if you’re not available to attend LIVE on Saturday, June 28th, you should still register. All those who register will receive a copy of the recording after the event and it will be time stamped.)
Happy trading!
Tom
Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) (Cyprium or the Company) invites shareholders to join an investor webinar and live Q&A hosted by Executive Chairman Matt Fifield on Tuesday 24th June 2025. Investors will be guided on a virtual site visit of the Nifty Copper Complex showcasing the sulphide and heap leach resources and extensive brownfield infrastructure.
Executive Chair Matt Fifield said
“The Nifty Copper Complex hosts a prolific orebody and has many advantages of brownfield infrastructure. Our recent work with visualisation vendor VRIFY enables us to show interested parties the condition of the site, and make sense of the proposed open pit mine plan in a whole different light. I’m excited to share these tools with our shareholders.”
INVESTOR WEBINAR DETAILS
Date: Tuesday 24th June 2025
Time: 11:00am AWST (Perth), 1:00pm AEST (Sydney/Melbourne)
Register:https://bit.ly/4n3kfvj
Questions: The Company invites investors to submit questions via the registration page.
Click here for the full ASX Release
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