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Britain’s government has backed a tortured effort to build a third runway at Heathrow, Europe’s busiest airport, throwing its weight behind a decades-old proposal that has been beset by political, legal and environmental challenges.

The UK’s Chancellor of the Exchequer (finance minister), Rachel Reeves, gave a green light to the ambitious plan and a swathe of other infrastructure projects in a major speech on Wednesday, in a push for economic growth.

The announcement is a major moment for one of the world’s most expensive and controversial aviation projects. Since 2003, Heathrow has said its terminals and runways are running near capacity, and that a £14 billion ($17.3bn) expansion is needed to keep up with the pace of tourism and business travel.

But environmental campaigners have bitterly resisted the plans, arguing it would jeopardize Britain’s net zero commitments.

Reeves said on Wednesday that a third runway would “make Britain’s the world’s best-connected place to do business,” and insisted that ministers “cannot duck the decision any longer.”

A third runway is “badly needed,” she argued, adding: “There are emerging markets and new cities around the world that we aren’t connected to because there aren’t the slots at Heathrow – or indeed any other airport – to fly to.” Heathrow said it served 83.9 million passengers last year, its busiest year on record.

It could still be years until work starts on a new runway; the government will assess proposals from this summer, and the final plan will likely require a parliamentary vote and could see legal challenges. The pre-pandemic plan for a third runway was blocked by a court on environmental grounds in 2020, before the Supreme Court overturned that decision.

The UK has made a legally-binding commitment to reach net zero (where greenhouse gas emissions equal emissions removed from the atmosphere) by 2050. Non-profit organization Transport & Environment said Wednesday’s announcement was “dystopian,” insisting major airports like Heathrow should reduce flight numbers and focus on becoming hubs for sustainable aviation fuel.

Heathrow expansion was the centerpiece of a range of announcements made by Reeves on Wednesday. Reeves and Prime Minister Keir Starmer have pledged to unpick the country’s labyrinthine planning laws, and Reeves took direct aim at environmental requirements that have stalled large-scale construction efforts.

Reeves said she would “stop blockers getting in the way of development” and reduce environmental requirements placed on developers if they pay into a centralized nature restoration fund, “so they can focus on getting things built, and stop worrying about the bats and the newts.”

“I have been genuinely shocked about how slow our planning system is,” Reeves said. “It’s ridiculous.”

Other plans backed on Wednesday include the building-up of the so-called Oxford-Cambridge Arc – the corridor of land between two of the world’s leading universities – which Reeves pitched as “Europe’s Silicon Valley.”

Britain has been plagued by low economic growth and a number of costly, high-profile projects, like a new high-speed rail line, have been announced, challenged, delayed and then shelved in recent decades.

Starmer’s Labour government, which came to power in July, has made the reversal of those trends its priority. But even those lofty aspirations succeed, the government must also tackle the short and medium-term grievances of a population dismayed by crumbling public services, comparatively low wages and crises in housing supply, migration and the cost of living.

This post appeared first on cnn.com

Newly appointed U.K. ambassador to the U.S., Lord Peter Mandelson, is readying himself to take up the top job of preserving the ‘special relationship’ long championed by London and Washington, but first he’s looking to set the record straight. 

In an exclusive interview with Fox News Digital, Mandelson, when asked about previous comments he made regarding the recently re-elected president, including in 2019 when he said President Donald Trump was ‘a danger to the world,’ said his opinion of the president had changed.

‘I consider my remarks about President Trump as ill-judged and wrong,’ he said. ‘I think that times and attitudes toward the president have changed.’

‘I think that he has won fresh respect,’ he added in reference to Trump’s second election as president. ‘He certainly has from me, and that is going to be the basis of all the work I do as His Majesty’s ambassador in the United States.’

The incoming ambassador’s comments come amid reports that the U.K.-U.S.’s ‘special relationship’ could be put to the test, and Mandelson’s appointment may be blocked by the White House. 

Mandelson rejected these claims and said, ‘I’ve heard nothing from the president or the White House or anyone working for him that suggests that there’s going to be any difficulty about my appointment.’

But speculation on the reliability of the U.S. in that trans-Atlantic relationship remains high following comments made by officials from Trump’s campaign, as well as by close ally and tech titan Elon Musk.

Musk, who engaged in a social media spat leveled at British Prime Minster Keir Starmer earlier this month, is not in Trump’s Cabinet, but he has been charged with overseeing the new Department of Government Efficiency.

Despite the negative social media banter by those who have Trump’s ear, the president and Starmer engaged in an apparently friendly phone call over the weekend – suggesting Trump may look to prioritize the U.S.-U.K. partnership.

‘They’re not Siamese twins, President Trump and Prime Minister Starmer, but they’re both pragmatic people. They know where each is coming from, they want to find common ground,’ Mandelson said. ‘I feel very optimistic. I feel very upbeat about the relationship that they’re both going to have.’

Mandelson is the first non-career diplomat to take up the job as chief U.K.-U.S. liaison in over half a century. That could prove beneficial for Mandelson when up against Trump, who has long strayed from engaging in traditional diplomacy.

‘The president isn’t a career diplomat, and I’m not a career diplomat,’ Mandelson said. ‘I came into politics to change things for the better for people, and so did he.

‘We share a similar, if not identical, outlook on the world and motivation in politics. But I think above all, we believe in something which is really special between our countries,’ he added, pointing to the enduring relationship between the U.S. and U.K.

Mandelson said his chief priorities will be to work with the U.S. on trade, technological developments and defense partnerships – particularly in the face of adversarial powers like China.

‘I think that the United States and Britain, working together, can outsmart and keep ahead of the curve as far as China is concerned,’ the incoming ambassador said. ‘[Trump] wants a dialogue with China, he wants to do deals with China. But he’s also not going to be naive about China. 

‘We face a challenge together from China, and we’ve got to make sure that we are able to deter that challenge or that threat when they’re having aggressive intents toward us,’ he added. 

Mandelson championed the trilateral alliance shared by the U.S., the U.K. and Australia, established with the intent of countering China’s aggression in the Indo-Pacific. 

‘Security in the Euro-Atlantic area depends on making sure that China is kept at bay in its own region,’ he said. ‘China has the right to prosper, to generate higher standards of living for its own people, but not at the expense of others.’

Mandelson argued that despite international apprehensions over certain security uncertainties under the Trump administration, the U.K. does not share in these concerns.

‘There are so many threats and challenges the world is facing at the moment. It takes courage, somebody, sometimes, who’s prepared to be argumentative and, indeed, disruptive, not just take business as usual,’ he detailed.

‘Frankly, I think President Trump could become one of the most consequential American presidents I have known in my adult life,’ Mandelson said. 

This post appeared first on FOX NEWS

Fourteen members of a small religious sect in Australia have been found guilty of the manslaughter of an 8-year-old girl, who died after they withheld insulin needed to treat her diabetes because of their unwavering belief that God would heal her.

Instead, as she lay dying, they turned to prayer and song, maintaining a vigil around her bed, and even after she’d stopped breathing, sought divine intervention to raise her from the dead.

Elizabeth Struhs’s parents were among members of the home-based church found guilty Wednesday after a nine-week, judge-only trial at Brisbane’s Supreme Court that heard evidence from 60 witnesses and examined hundreds of exhibits.

Handing down the verdicts, Justice Martin Burns said Elizabeth’s death was “inevitable” after the group failed to administer insulin or seek medical help as she lay dying over six days in January 2022 at her home in Toowoomba, west of Brisbane.

All 14 members had refused to enter a plea, which was formally accepted as not guilty, and the courtroom was adapted to seat all defendants so they could stand trial together.

In his ruling Wednesday, Burns said that, until her death, Elizabeth was a “vibrant, happy child” who was “lovingly cared for… and adored” by all members of the church, including the accused.

“However, due to a singular belief in the healing power of God which, to the minds of her parents and the other members of the Church left no room for recourse to any form of medical care or treatment, she was deprived of the one thing that would most definitely have kept her alive – insulin,” Burns wrote.

Elizabeth was diagnosed with Type-1 diabetes in 2019, but died on January 7, 2022 of diabetic ketoacidosis, a complication caused by a lack of insulin and medical treatment for the condition, according to the ruling.

The group’s spiritual leader Brendan Stevens and the girl’s father Jason Struhs were originally charged with murder by reckless indifference, but both were found guilty of the lesser charge of manslaughter because Burns wasn’t convinced beyond reasonable doubt that they “knew Elizabeth would probably die.”

Decline into “severe illness”

During the trial, the court heard the sect was almost completely confined to three families who at the time of Elizabeth’s death met three days a week.

They didn’t ascribe to any religious denomination, but saw themselves as Christians who followed the Bible. They believed that through prayer, a person could receive the Holy Spirit, which would enable them to speak in tongues.

A central tenet of their faith was the healing power of God, and they rejected conventional medicine, which some members described as “witchcraft,” the ruling said.

The court heard that Jason Struhs joined the church in August 2021, following his wife Kerrie Struhs, who’d become a firm believer in its teachings.

Just months later, on January 2, Jason Struhs declared to a church meeting that “God had healed Elizabeth of her diabetes,” according to Burns’ written ruling.

That night, Elizabeth had one last dose of slow-acting insulin, and the next morning her glucose levels were so normal that Jason Struhs became convinced God had intervened.

Struhs told his daughter to put away her glucometer because “she didn’t need it anymore,” and the group members praised the “miraculous” development, the ruling said.

Glucometers measure the amount of glucose in blood and indicate if a dose of insulin is needed. Elizabeth Struhs used hers for the last time on January 3.

Over the next four days, church members took turns monitoring Elizabeth’s condition, sitting by her bedside as she steadily deteriorated.

They shared text message updates, with some describing her as “restless.” She was vomiting and “fairly weak.” Yet, Stevens repeatedly reassured Elizabeth’s parents that “God shall prevail,” according to the ruling.

Justice Burns wrote that any belief that God had intervened “ought to have been dispelled” when church members watched Elizabeth decline “into severe illness.” Instead, the group called for prayers, sang and talked about the goodness of God.

Even after the 8-year-old stopped breathing early on January 7, the group gathered around her, singing “choruses” and praying for her “to be raised from the dead by God.”

One text message between defendants said: “Elizabeth does not appear to be breathing apparently, but we will see a victory very soon. God can do anything!”

Jason Struhs finally called emergency services 36 hours after his daughter’s death, telling others that “though God would still raise Elizabeth, they could not leave a corpse in the house,” the ruling said.

When police arrived at the house, they set up a crime scene, ushering church followers outside. One detective told the court that when she arrived, she saw about 20 people in the front yard playing music, singing and praying.

Outside court on Wednesday, Elizabeth’s older sister Jayde Struhs told reporters she was “relieved” that those responsible for her death had been found guilty.

“It’s been a long and hard three years. Not a moment has gone by that I haven’t thought about my little sister, Elizabeth,” Struhs said.

All 14 found guilty will be sentenced on February 11.

This post appeared first on cnn.com

The last decade has been tumultuous, with widespread instability deepening the divide between east and west.

In his talk at this month’s Metals Investor Forum in Vancouver, BC, Robert Sinn, senior content creator at Goldfinger Capital, examined the current macroeconomic situation and the role he expects gold to play in it.

Highlighting how China’s strong gold buying has supported the yellow metal’s price, he also spoke about how Donald Trump’s return to the White House could impact relations with the Asian nation.

China and US economies in chaos

In the weeks before his inauguration, Trump discussed several issues with his counterparts around the world. Perhaps most notable was his talk with Chinese President Xi Jinping. According to tweets and reports from the Chinese government, the discussion between the global rivals was friendly and positive.

The messaging was encouraging to financial markets and helped strengthen the US dollar.

However, Sinn told the audience that he doesn’t see this positivity lasting long.

“I don’t think it’s going to be like this forever. I think that they’re going to definitely go head-to-head, toe-to-toe — try to get the best deal for their country,” he said, noting that an adversarial turn is likely.

Describing the two economies, Sinn said they are both volatile, but at different ends of the spectrum.

China is still reeling from its economic implosion and dealing with high levels of debt and deflation, but Sinn believes the situation is much worse than the data being presented to the world states.

“They can’t really fake up the bond market that much. So this is a telling story, an economy that is in a downturn — there’s just too much debt, and price levels are falling and so are bond yields,” he said.

Sinn also pointed out that the Chinese economy is very unbalanced. The country has the largest banking system in the world, US$50 trillion larger than the US. However, it still hasn’t recovered from the implosion of its real estate sector, and the recovery is slow because it’s a highly regulated market with strict government controls.

Meanwhile, in the US, Sinn noted that following the US Federal Reserve’s 50 basis point interest rate cut in September 2024, bond yields came off their longest inversion in history, which lasted 24 months.

He also explained how this came alongside an overvalued US dollar.

“It’s actually the most overvalued it’s been since 1985, so this is like a 40 year high in terms of its valuation. You can go back to 1985 and what happened shortly after — it got super overvalued and hit up a red-light level. It fell very sharply because of what they did in Manhattan at the Plaza Hotel,” Sinn said.

He was referring to the Plaza Hotel Accord in September 1985. At that time, representatives from several European nations and Japan met in New York with members of the US Department of the Treasury to discuss the depreciation of the US dollar and to correct trade imbalances between nations.

The move was largely successful, and trade was balanced over the next five years.

Sinn suggested that something similar may be about to occur, leading to considerable uncertainty. The US is further challenged by a massive US$2 trillion deficit and US$7 trillion worth of debt that needs refinancing in 2025.

However, he expects the US to extend the 2017 tax cuts made under Trump. This will require the US to commit to more deficit spending, and Sinn sees a squeeze on the dollar coming.

“Trump sees this problem, his team sees this problem, and one of their key objectives is to weaken the dollar during his term. Trump is pro-growth; he wants to see the stock market go up and the economy strong,” he said.

Trump’s promises to raise tariffs on China have countered this, and Sinn doesn’t see this happening — at least not immediately. “China and the US need each other,” he noted.

Both nations have cards to play. The US knows the position of the Chinese economy, and the threat of US tariffs may be enough to get the country to the table on new agreements.

“Trump knows he has the upper hand, but he also knows he can’t set the bomb off, because it will hurt him too,” Sinn said. “He wants to put 60 percent tariffs on the table. That’s the starting point; if that happens, it’s going to be a mess.”

Gold is China’s trump card

As a monetary metal, gold is often linked to what happens through the rest of the financial system.

When yields rise, gold falls, and when the dollar rises, gold falls. However, recently the price of the yellow metal has diverged from these traditional influences. Sinn credits this divergence to strong buying from central banks, most notably China, but also other BRICS nations. He believes China may be buying more than it is reporting.

“So China’s official stockpile is 2,300 metric tons, about US$200 billion of gold. I would estimate that their real stockpile is probably closer to 6,000 or 7,000 metric tons, near parity with the US,” Sinn said. He explained that China ramped up its purchases in 2022 following Russia’s invasion in Ukraine and the sanctions that followed.

It’s unclear what China plans to do with its huge gold stockpile, but Sinn thinks Trump may force its hand.

“To get out of this mess, China is going to have to do something with its currency. They’re going to either have to revalue higher or devalue. It’s not that clear what they’re going to do,” he said.

The preference for China isn’t to devalue the yuan, and it’s Sinn’s belief that the Trump administration doesn’t want that either, as it would further deepen the existing crisis. So what is the plan?

“They’re going to revalue the yuan higher against the dollar and they’re going to do a partial peg to gold,” he said.

However, Sinn also explained that China needs to be cautious when doing this, as it could create further problems for debtors and push the price of gold higher. To avoid this, the shift in yuan valuation would have to be accompanied by a massive stimulus injection and force inflation into the economy.

“It’s the big button on the table that you press when you have no other choice, and it will appease Trump,” Sinn said.

He thinks this also explains the rise in the gold price over the past month and the last couple of years.

Sinn expects China’s gold buying to continue as the country works through trade negotiations with the new Trump administration — and that the story is far from over.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

North Korean leader Kim Jong Un has inspected a facility that produces nuclear material and called for bolstering the country’s nuclear capability, state media reported Wednesday, as it ramps up pressure on the United States following the inauguration of President Donald Trump.

Kim’s visit suggests a continued emphasis on an expansion of North Korea’s nuclear arsenal, though Trump has said he’s willing to talk to Kim again to revive diplomacy. Many analysts view North Korean weapons moves as part of a strategy to win diplomatic talks with Washington that could result in aid and political concessions.

The official Korean Central News Agency reported that Kim visited the nuclear-material production base and the Nuclear Weapons Institute.

It didn’t say where those facilities are located, but North Korean photos of Kim’s visit indicated that he likely visited a uranium-enrichment facility that he went to last September. That visit was North Korea’s first disclosure of a uranium-enrichment facility since it showed one to visiting American scholars in 2010.

During the latest visit, Kim praised scientists and others for “producing weapons-grade nuclear materials and in strengthening the nuclear shield of the country.”

On Sunday, North Korea said it tested a cruise missile system, its third known weapons display this year, and vowed “the toughest” response to what it called the escalation of US-South Korean military drills.

North Korea views US military training with South Korea as invasion rehearsals, though Washington and Seoul have repeatedly said their drills are defensive in nature. In recent years, the United States and South Korea have expanded their military exercises in response to North Korea’s advancing nuclear program.

The start of Trump’s second term raises prospects for the revival of diplomacy between the United States and North Korea, as Trump met Kim three times during his first term. The Trump-Kim diplomacy in 2018-19 fell apart due to wrangling over US-led economic sanctions on North Korea.

During a Fox News interview broadcast Thursday, Trump called Kim “a smart guy” and “not a religious zealot.” Asked whether he will reach out to Kim again, Trump replied, “I will, yeah.”

Many experts say Kim likely thinks he has greater bargaining power than in his earlier round of diplomacy with Trump because of his country’s enlarged nuclear arsenal and deepening military ties with Russia.

This post appeared first on cnn.com

American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (‘ARR’ or ‘the Company’) and its wholly owned subsidiary Wyoming Rare (USA) Inc. (‘WRI’) are pleased to announce a major milestone resource update for the Halleck Creek Rare Earth Project in Wyoming. The updated JORC-compliant Mineral Resource Estimates (MRE) further establish Halleck Creek as one of the largest rare earth deposits in North America and underscore ARR’s continued progress in unlocking its potential as a strategic U.S. asset.

Highlights

  • Halleck Creek Total Mineral Resource Estimate increased by 12.2% to 2.63 billion tonnes at 3,926 ppm Total Rare Earth Oxides (TREO).
  • Red Mountain Area within Halleck Creek saw a 29.7% growth in resources, increasing to 1.24 billion tonnes, with an 8.3% uplift in grade to 3,252 ppm TREO.
  • Cowboy State Mine, representing the first phase of project development within Red Mountain, grew by 29.4% to 543 million tonnes, with a 2.7% increase in TREO grade to 3,438 ppm.
  • The deposit remains open at depth and along strike, offering significant upside potential, with the mineral resource estimate covering approximately 16% of the greater Halleck Creek project surface area.

The Halleck Creek resource now exceeds 2.63 billion tonnes, representing a significant 12.2% increase over the previous estimate. This growth highlights the transformational scalability of the project, which remains open at depth and along strike.

The Cowboy State Mine, located within the Red Mountain area, continues to deliver robust resource growth and remains central to ARR’s development strategy. Its location on Wyoming State land provides a streamlined permitting process, accelerating ARR’s ability to unlock the project’s full value. The project’s favorable geology and near-surface mineralization support the potential for a low-cost open-pit mining operation, while ongoing metallurgical test work continues to demonstrate the potential for efficient processing of rare earths. These results reinforce ARR’s ability to support the U.S. government’s efforts to secure domestic critical mineral independence, reducing reliance on imports and supporting economic growth and national security objectives.

Chris Gibbs, CEO of American Rare Earths, commented:

‘This resource update demonstrates the continued growth, scale, and strategic importance of Halleck Creek as a cornerstone project for the U.S. rare earth supply chain. With the deposit still open at depth, and along strike, the upside potential is truly remarkable. With the Halleck Creek mineral resource estimate covering approximately 16% of the greater Halleck Creek project surface area, we believe opportunities exist to expand mineral resource estimates with additional exploration.’

“The expanded resources will strengthen the project’s economics as we finalise the updated Scoping Study, which is set for release shortly, and continue integrating this data into the Pre-Feasibility Study, scheduled for completion later this year. Halleck Creek is positioned to become one of the most significant rare earth assets in North America, supporting U.S. critical mineral independence and economic growth.”

Next Steps and Path Forward

The updated resource model and mine plans will have a positive impact on Halleck Creek’s project economics, further enhancing its strategic importance. ARR is currently integrating the updated resource and high-grade data into the Scoping Study, which was originally released in March 2024. The updated study is nearing completion and will be released in February 2025.

In parallel, ongoing metallurgical test work continues to deliver promising results, highlighting the potential for cost- efficient processing at Halleck Creek. As outlined in the 2024 Scoping Study, approximately 90% of the gangue (waste) material can be removed during gravity and magnetic separation, significantly increasing REE grades through physical separation methods prior to leaching, which significantly reduces operational costs. Optimisation of these processing techniques is ongoing, and further results will be announced as the next round of metallurgical testing is completed in the March 2025 quarter.

In addition, the updated resource estimates will be incorporated into the ongoing Pre-Feasibility Study (PFS), which remains on track for completion later this year. The PFS will provide a more detailed evaluation of Halleck Creek’s technical and economic potential, supporting ARR’s phased approach to development and commercial production.

Technical Summary

Summary of Key Material Information used to Estimate the Mineral Resources

The updates to the geological models and Mineral Resource Estimates (MRE) were completed by Odessa Resources Pty. Ltd. on behalf of ARR. The updated MRE has been prepared in accordance with the 2012 JORC Code.

The results from the 2024 exploration drilling program at the Cowboy State Mine (CSM) area of Red Mountain, combined with additional surface sampling and geological mapping at Halleck Creek, have increased the in-situ resource estimates to 2.63 billion tonnes at an average grade of 3,292 ppm TREO (Table 1). This represents a 12.2% increase in in-situ tonnage compared to the January 2024 resource estimate for the entire Halleck Creek Rare Earth Project (Figure 4).

The Halleck Creek rare earth project comprises two primary resource areas: Overton Mountain, located to the north, and Red Mountain, to the south (Figure 5). Within the Red Mountain area lies the Cowboy State Mine (CSM), a subarea where WRI is focusing its development efforts. The state of Wyoming owns both the surface and mineral rights within the CSM area, which are leased by WRI. This Wyoming ownership provides WRI with a streamlined permitting pathway through the state.

In 2024, WRI conducted drilling operations in the CSM area. The additional drill holes and assay data enabled the expansion of resource areas and provided detailed geological characterization of the rare earth-bearing Red Mountain pluton within the Red Mountain and CSM areas. As a result, the updated resource estimates apply to the Red Mountain and CSM areas. The Mineral Resource Estimate (MRE) for Overton Mountain remains unchanged.

Click here for the full ASX Release

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Fabi Lara of the Next Big Rush shared her latest thoughts on uranium, saying she sees a ‘massive disconnect’ between sector fundamentals and the performance of uranium equities.

‘Contracts are being signed at higher prices every single month, but the retail investor hasn’t caught on. So I think that people who haven’t gotten into the thesis, or are looking to come back to the thesis — I think this is a wonderful opportunity,’ she added.

Watch the interview above for more from Lara on the uranium sector. You can also click here to view our Vancouver Resource Investment Conference playlist on YouTube.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a material increase in its JORC (2012) Mineral Resource estimate for its 100% owned Candelas Project (Candelas or the Project) located in the Catamarca Province, Argentina. Galan engaged SRK Consulting (Australasia) Pty Ltd (SRK) to update the Mineral Resource Estimate (MRE) of Lithium Carbonate Equivalent (LCE) and potassium chloride equivalent (KCl).

  • 100% owned Candelas Mineral Resource grows by more than 150% to 1.6Mt LCE.
  • Galan’s Hombre Muerto resource position (9.5 Mt LCE) places it within the top 10 of lithium construction and production projects globally (1)
  • Material increase at Candelas provides greater optionality in commercialising the Project
  • Significant upside potential also identified to further enhance the latest Candelas Mineral Resource

In late 2024, Galan completed surface mapping and undertook additional geophysics over Candelas and its surrounding environs. Based on this additional geoscience data, SRK remodelled the hydrogeological domains and re-estimated mineral resources for lithium, potassium, LCE, and KCl (potash), leading to the material increase in the Candelas MRE Estimate (Table 1).

Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:

“Applying sound geoscientific knowledge and modern exploration techniques to a world-class lithium resource has continued to deliver outstanding results for Galan. We identified the potential to add significant value-accretive LCE tonnes at Candelas on a very modest budget and have delivered on that opportunity.

On behalf of the Board and myself, I would like to thank our team and our consultants. With this material resource growth, Galan now sits within the top 10 lithium production and construction projects, by Mineral Resource, which is an unbelievable achievement from our maiden resource generated in 2019.

Our resources are focused on finalising the Phase 1 financing and offtake process followed by completion of the Phase 1 construction and operations at HMW.”

Click here for the full ASX Release

This post appeared first on investingnews.com