UK-based Rare Earth Minerals
Plc (REM) has increased its shareholding in
European Metals Holdings Ltd to 9.61% from 6.65% held
previously, making REM the ASX-listed
lithium explorer’s largest shareholder.
The move gives REM a bigger stake in the
Cinovec project in the Czech Republic, a lithium-bearing mica
deposit, which is owned by European Metals and subject to a
pending joint venture (JV) agreement with fellow ASX-listed, Lithium Australia
(formerly known as Cobre Montana NL).
AIM-listed REM did not disclose the price
it paid for the higher stake, but on 23 June it paid
£200,000 ($308,770*) for its initial 6.65% stake, via a
placement of new ordinary shares by European Metals.
Shares in European Metals were trading at
around Australian dollar (A$) 0.13/share ($0.10/share) on the
Australian Securities Exchange on 1 July, when the transaction
took place and are presently hovering around A$0.15/share.
TSX-V-listed Houston Lake Mining
Inc. has released the results of analysis on four
infill drill holes at its Pak lithium pegmatite project in
The highlight of the results identified by
the company was a 5.85 metre-wide lithium zone, grading at
4.15% lithium oxide (Li2O) from 80.5 metres to 85.9
metres. This formed part of a 66.05 metre intersection, grading
at 2.02% Li2O.
Other grades ranged from 0.22%
Li2O to 3.86% Li2O across
lithium-enriched zones intersected across the four holes.
Houston Lake’s president,
Trevor Walker, said that the results would positively expand
the project’s current mineral resource estimate,
which stands at 2.45m tonnes indicated at 1.81% Li2O
and 5.91m tonnes inferred at 2.01% Li2O.
In technology news, researchers at the
Center for Self-Assembly and Complexity at the Institute for
Basic Science at Pohang University
in South Korea have created a lithium-ion (Li-ion) battery made
from a porous solid, which they say greatly improves the
battery’s performance and reduces the risk of
According to the institutes Dr Kimoon Kim,
the highly anisotropic proton conducting behaviours in porous
electrolyte material in fuel cells are safer than solid lithium
The new battery is built from
"pumpkin-shaped" molecules, organised in a honeycomb structure.
The molecules have an extremely thin, one-dimensional channel
for ion movement and the physical structure of the porous
material enables the lithium ions to diffuse more freely than
in conventional Li-ion batteries.
After four days of testing, the porous
batteries showed no thermal runaway and hardly any change in
conductivity, the researchers said.
*Conversions made July