[Sinomine Resource Group Engages with the Zimbabwean Government to Restart Its Lithium Export Business] Sinomine Resource Group confirmed that, after this African country recently suspended shipments of lithium concentrates, the company had been actively engaging with Zimbabwean government authorities to restart its lithium export business. The Chinese miner disclosed this development on Friday in response to an investor inquiry via the Shenzhen Stock Exchange’s official interactive platform. These talks came at a critical time for both Sinomine Resource Group and Zimbabwe. Lithium remained a sought-after mineral because of its essential role in producing batteries used in EVs and renewable energy storage systems. Zimbabwe, which holds substantial lithium reserves, had continued tightening its regulatory framework to ensure more value addition remained in China, rather than allowing the export of raw ore or materials that had undergone only preliminary processing. Sinomine Resource Group said in a statement that it was currently working closely with Zimbabwean government authorities on a new export approval application. The company stressed that the dialogue remained ongoing and formed part of its broader efforts to align with the country’s latest policies and compliance requirements. Although there was no clear timetable yet for when exports would resume, the engagement sent a positive signal that efforts were being made to resolve the issue. Source: https://www.chemanalyst.com/ [Vulcan Energy Achieves Drilling and Permitting Milestones at Its Geothermal Lithium Project in Germany] The company had officially broken ground at the Trappelberg drilling site in the Rohrbach area near Landau. This was Vulcan’s second drilling site after Schleidberg, where the company had completed the drilling and testing of its first geothermal well. Preparatory work at Trappelberg had begun to support the start of drilling in H2 2026. At present, a deep groundwater monitoring well had been completed to ensure the protection of near-surface aquifers during construction and drilling operations. Schleidberg and Trappelberg were 2 of the 5 new drilling sites that Vulcan would develop in the region. Thorsten Weimann, Chief Development Officer and Managing Director of Vulcan Energie Ressourcen GmbH, said: “The groundbreaking ceremony at Trappelberg marks an important step forward in the further development of our Lionheart project. With this new drilling site, we are further developing the geothermal reservoir and laying the foundation for climate-neutral heating in the region and sustainable lithium production in Europe.” Source: https://www.thinkgeoenergy.com/ [Core Lithium’s Finniss Project Secures a Strategic Financing Package of AUD 290 million] The fundamentals of global battery demand were reshaping investment strategies in the critical minerals sector, placing Australia’s lithium industry at a critical turning point. The combined effects of supply chain diversification needs, advances in energy storage technology, and geopolitical factors have created an environment in which strategic positioning determines the long-term value creation potential of mining. In addition, the restart of Core Lithium's Finniss project, backed by A$290 million, demonstrates how well-developed critical minerals strategies can unlock previously stalled projects through innovative financing structures. Against this backdrop, complex financing structures and operational optimization approaches have become key differentiators for projects seeking to capture the evolving market dynamics of the current lithium investment cycle. The sophisticated financing structure underpinning the restart of Core Lithium's Finniss project shows that contemporary mining finance has evolved beyond traditional debt-and-equity models into a strategic consortium model that disperses risk while maximizing operational synergies. Moreover, this financing approach reflects a broader trend across the mining sector. Source: https://discoveryalert.com.au/ [Copper, Cobalt, and Lithium Mines: US Critical Minerals Growth] In early 2026, Secretary of State Marco Rubio, together with senior US officials including Vice President JD Vance and Treasury Secretary Scott Bessent, received representatives from 54 countries and the European Commission at the Critical Minerals Ministerial meeting. The US announced new bilateral frameworks, financing initiatives exceeding $30 billion, and launched the Forum for Resource and Geostrategic Engagement (FORGE), aimed at building secure, diversified, and resilient critical minerals supply chains. Initiatives such as the Orion-Glencore memorandum of understanding and "Project Vault" indicate the US government's commitment to incentivizing private-sector investment and ensuring a stable and reliable supply of cobalt, copper, and other strategic materials, including those from the DRC. Source: https://miningdigital.com/ [Atlantic Lithium's Ewoyaa Project Financing Secures a Strategic Investment of $16.4 million] The global critical minerals landscape is undergoing a fundamental transformation, and institutional capital allocation strategies have moved beyond traditional mining investment models. Pension funds, sovereign wealth funds, and strategic investors now require more sophisticated financing structures to align long-term capital commitments with project de-risking milestones. This shift indicates the growing maturity of financing in the resources sector, which is moving away from speculative early-stage funding toward a more infrastructure-like investment approach that places greater emphasis on predictable returns rather than commodity price speculation. Contemporary lithium project development reflects this evolution, with financing solutions from diversified funding sources incorporating conditional capital structures, local ownership requirements, and ESG compliance frameworks. The combination of milestone-based warrant instruments, strategic partnership agreements, and domestic exchange listings has created an integrated financing ecosystem that balances capital efficiency with political and economic considerations. In addition, these innovations in the lithium industry are continuing to reshape the investment landscape. Source: https://discoveryalert.com.au/

CNGR has deployed two salt lake lithium mines in Argentina, with estimated lithium resources exceeding 10 million metric tons of lithium carbonate equivalent (LCE). This resource volume is expected to increase as exploration progresses. The company will further confirm the reserves of the two salt lake lithium mines and proceed with extraction based on exploration and construction progress, as well as its own and market demand. CNGR will disclose relevant developments regarding the Argentine lithium mines in accordance with relevant regulations.

Li-ION BATTERY China 2025 Officially Announced and Scheduled

According to a report by Mining Weekly, citing Reuters, Zimbabwe's Minister of Mines Winston Chitando announced on Tuesday that, to expand domestic processing, the country will ban the export of lithium concentrates starting from 2027. In 2022, Zimbabwe, Africa's largest lithium producer, ordered a ban on the export of lithium ore and has since been urging miners to process ore domestically. Lithium mining companies in Zimbabwe have been exporting lithium concentrates. Currently, two lithium mines in Zimbabwe are constructing lithium sulfate plants, namely Bikita Minerals and Prospect Lithium. Lithium sulfate is an intermediate product that can be further smelted into high-grade materials, such as lithium hydroxide or lithium carbonate, which are used in battery manufacturing. During a media briefing, Chitando stated, "The country now has the capacity to process, so all exports of lithium concentrates will be banned from January 2027." In 2023, Zimbabwe granted lithium miners a grace period to submit plans for local smelter construction by March 2024, but its stance softened due to the decline in lithium prices.

In recent years, the significant fluctuations in lithium prices have subjected enterprises across the industry chain to a rollercoaster of experiences, encompassing both the "sweet and bitter" aspects of the world.

In recent years, the significant fluctuations in lithium prices have subjected enterprises across the industry chain to a rollercoaster of experiences. Although lithium prices are no longer as high as they once were, the development prospects of the new energy industry chain remain bright amid the global advocacy for a low-carbon economy, with the importance of lithium resources becoming increasingly prominent. As one of the regions with the most abundant lithium resources globally, South America, particularly the "Lithium Triangle" (comprising Bolivia, Argentina, and Chile), boasts over 55% of the world's proven lithium reserves. Consequently, South America's lithium resources play a pivotal role in the global energy transition. Against this backdrop, SMM organized the 2025 SMM South American Lithium Resources Field Trip . Led by Chen Siyu, the project manager of SMM's overseas South American lithium resources field trip, and Zhou Zhicheng, a senior analyst in new energy and lithium batteries, the delegation visited South American lithium-related enterprises, toured local lithium mines and material companies, and held discussions with company executives from May 15 to May 26, 2025, to explore potential opportunities in lithium resource development, technological exchanges, and investment cooperation. On May 15, SMM and the delegation members headed to the Undersecretariat of Mining Development of Argentina for in-depth exchanges. Company Profile SMM and the delegation members visited the Undersecretariat of Mining Development of Argentina, where they were warmly received by Dr. MARIO R. THIEM, the Undersecretary of Mining Development at the Ministry of Economy, and his team, who provided a detailed introduction to their business development. The Undersecretariat of Mining Development of Argentina (Subsecretaría de Desarrollo Minero) is a key institution under the Ministry of Economy (Ministerio de Economía) responsible for formulating and implementing national mining development policies. The department is dedicated to promoting mining investment by designing and executing policies and action plans that cover all stages of mining projects, actively attracting domestic and overseas investors. It also provides comprehensive information support to potential investors, including legal, geological, mining rights, and project background details, to facilitate investment decisions. Meanwhile, the institution strictly supervises and enforces national laws and regulations related to mining activities to ensure industry compliance. Additionally, the Undersecretariat coordinates the effective implementation of mining policies between national and provincial governments and promotes cooperation among institutions such as the Federal Mining Commission (COFEMIN). To foster sustainable development, the department also actively collaborates with international and multilateral institutions to promote the implementation of best practices in the mining sector, including the promotion of environmental and social responsibility standards. The current Undersecretary, Mario Ricardo Thiem, is a lawyer with extensive experience in the energy industry. He previously served as the manager of the legal department at YPF (Yacimientos Petrolíferos Fiscales), Argentina's national oil company, and held various job titles at Chevron from 2005 to 2011. Additionally, he led the MRT LLC consulting firm, providing advisory services to US oil and natural gas companies operating in Latin America. During the presidency of Mauricio Macri, Mr. Thiem served as a director of IEASA (Integración Energética Argentina S.A.). This institution plays a central role in the formulation and implementation of Argentina's mining policies, particularly in attracting foreign direct investment, advancing mining projects, and promoting environmental and social responsibility. Its goal is to drive the country's economic growth and social progress through sustainable mining development. Group Photo After the Field Trip Following the visit, SMM and the field trip delegation took a group photo with Dr. MARIO R. THIEM, the Undersecretary of Mining Development at the Ministry of Economy, and his team, to strengthen their cooperative friendship and foster deeper exchanges and collaborations in the future! Through this field trip and survey, SMM and the delegation gained a deeper understanding of the operations of the Undersecretariat of Mining Development of Argentina, as well as a more profound insight into the market status, development trends, and existing challenges of the lithium battery industry in South America. They will continue to deepen cooperation with major enterprises to achieve complementary advantages and promote the development of the lithium battery industry.