Neo Lithium Corp.

Neo Lithium Corp., acquired by Zijin Mining in 2022, focuses on lithium brine exploration with its 3Q Project in Argentina’s Lithium Triangle. It produces high-purity (99.9%) lithium carbonate for electric vehicle batteries, advancing battery technology to meet growing demand.

Company Location

Country:

Canada

City:

Toronto, Ontario

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Company Overview

Neo Lithium Corp., acquired by Zijin Mining in 2022, was a Canadian lithium brine exploration and development company whose flagship 3Q lithium brine project in Argentina’s Lithium Triangle hosts ~7.63 Mt LCE of resources (1.67 Mt LCE reserves). The acquisition aimed to accelerate project development to meet rising EV and energy storage lithium demand.

Battery Technology

High-purity lithium carbonate production from brine using advanced extraction and processing methods at the 3Q pilot plant, achieving 99.9% battery-grade purity. The plant transitioned from batch to continuous operation, with ongoing improvements in extraction efficiency, cost reduction and clean energy integration under Zijin Mining.

Products

Battery-grade lithium carbonate at 99.9% purity produced from brine resources; Phase I plant designed for 20,000 tpa output of battery-grade lithium carbonate for high-performance lithium-ion batteries.

Recent Projects

Phase I development of the 3Q project with 20,000 tpa battery-grade lithium carbonate capacity; EIA approval granted by Catamarca Government in 2022; production scheduled by end of 2023; project advancement under Zijin Mining.

Investors

Prior to its acquisition, CATL held 8.0%, Orn & Cie SA held 5.0%, Waldo Perez held 4.0%, Gabriel Pindar held 4.0% and BlackRock Inc. held 3.0%. In 2022, Zijin Mining Group acquired 100.0% ownership.

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