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Mandrake Resources Limited
@Mandrake_Res
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ASX-listed exploration company with strong cash backing and a suite of assets in highly prospective mineral fields.
Joined April 2020
The U.S. is on track to export lithium by 2035, scaling spodumene, #brines, clays & recycling. Jigar Shah, DOE Loan Programs Office Director, highlights DLE tech & federal support driving this growth. Read more: #Lithium #EnergyTransition #DLE $MAN
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🌍 China’s proposed #lithium export controls could reshape global supply chains, making secure, local resources critical. $MAN is advancing its Utah Lithium Project, using #DLE tech for sustainable U.S. production. Read more: #EV#EnergyTransition
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"A mining renaissance, especially in mineral rich states such as Nevada, Arizona, Utah, and Idaho, would add a 10x multiplier to this entire battery mega-trend." Via @benchmarkmin – Trump and Musk to oversee great US battery boom in red states:
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Exxon's Arkansas lithium project highlights potential for brine extraction from old oil fields using DLE tech. A new supply deal with LG Chem aligns with building the North American EV battery supply chain: 🔋 #Lithium #EVs #LithiumBrine #DLE $MAN
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We are pleased to provide an updated Investor Presentation for November 2024 👉 🔍 Corporate Snapshot: 💰 Cash Position: $14M 🏦 Debt: NIL 📈 Market Cap: $16.8M $MAN #Lithium #CriticalMinerals #Sustainability
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U.S. Treasury update: mining companies can now access the 45X clean energy tax credit, recognizing the role of lithium in #CleanEnergy. Eligible companies conducting extraction & processing domestically get a 10% credit: $MAN #Lithium #EnergySecurity
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We delivered a strong quarter at $MAN for the Utah #Lithium Project, with a 3.3Mt LCE MRE, placing it among top US #lithiumbrine assets. ElectraLith & Electroflow testing led to a supply deal, and a $1M DOE grant supports well re-entries:
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"Rio believes brine is a much lower-cost source of lithium." @RioTinto CEO highlighted the cost advantage of #lithiumbrine production over hard rock mining, stating that lower-cost brine producers will outperform as #lithium demand grows. More 👉 $MAN
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"A large US lithium resource has just been defined, just as sentiment for #lithium starts to improve." $MAN's 3.3Mt MRE at our Utah project is featured by @NextInvestors, highlighting our strategic DLE partnerships & significant growth potential:
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RT @StockheadAU: New Zealand gold explorer @SirenGoldLtd surges on exploration potential while @Mandrake_Res unveils a 3.3Mt inferred resou…
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$MAN reports a 3.3Mt LCE maiden resource at its Utah #Lithium Project. DLE tech from ElectraLith has produced 99.9% pure battery-grade lithium hydroxide. Major steps ahead include well re-entry, pilot DLE processing & a Scoping Study: #Lithiumbrine #DLE
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GM partners with Lithium Americas Corp., investing $625M to develop the Thacker Pass lithium mine in Nevada. @GM will hold a 38% stake, securing U.S. lithium for battery production. The deal strengthens GM’s domestic supply chain for critical materials:
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.@RioTinto is exploring DLE tech after its $6.7B buy of $LTM and backing ElectraLith’s DLE tech, which uses no water, no chemicals, and runs on #renewableenergy: ElectraLith produced 99.9% pure battery-grade #Lithium Hydroxide from brine at $MAN Utah.
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"The DLE industry is expected to grow to more than $10B in annual revenue within the next decade." @RioTinto $6.7B acquisition of $ATM positions it to lead in the rapidly growing DLE industry, which promises faster, more efficient lithium production:
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