Jupiter partners American firm to commercialise Nigerian lithium

Jupiter Lithium Ltd., a UK-based company owning Basin Mining Ltd. and Range Mining Ltd., has announced a partnership with ReElement Technologies Corporation, a wholly owned subsidiary of American Resources Corporation. The collaboration aims to develop Nigeria’s first large-scale lithium deposit, covering 442 square kilometres of lithium-rich terrain. In a statement yesterday, Jupiter Lithium said the […]

Jupiter Lithium Ltd., a UK-based company owning Basin Mining Ltd. and Range Mining Ltd., has announced a partnership with ReElement Technologies Corporation, a wholly owned subsidiary of American Resources Corporation.

The collaboration aims to develop Nigeria’s first large-scale lithium deposit, covering 442 square kilometres of lithium-rich terrain.

In a statement yesterday, Jupiter Lithium said the project is set to significantly enhance production capacity and support a thriving local industry. 

“Jupiter Lithium plans to expand its operations from contract mining to large-scale ownership, including the construction of a spodumene concentrator facility. The facility is expected to produce an initial 55,000 tons of 6% lithium spodumene concentrate annually, with production set to increase to 167,000 tons within two years. The first concentrate is anticipated in the first quarter of 2025,” the statement read.

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Mark Jensen, CEO of ReElement Technologies, highlighted the importance of this partnership in fostering advanced manufacturing in the region.

“We are thrilled to establish our first large-scale spodumene supply partnership and refine it locally,” Jensen said.