Geo40 secures up to $7.5m to fast-track lithium plans

Geo40 secures up to $7.5m to fast-track lithium plans
Geothermal production at Ohaaki is throwing up an interesting opportunity.
Paul McBeth
Geo40 has secured up to $7.5 million of fresh capital to help accelerate plans to extract lithium from geothermal fluids for use in electric vehicle batteries.Early-stage investor Pacific Channel has made its biggest investment in the Taupo-based company with $2.5m, with call and put options on the remaining $5m depending on its lithium work.Geo40 recently commissioned a $22m plant on Contact Energy’s Ohaaki power plant to extract silica from the geothermal fluid, which it’s been able to expand into recovering battery-grade lithium....

More Finance

No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025
ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

Pattrick Smellie 08 May 2025
BNZ preserves margins on flat half-year
Finance

BNZ preserves margins on flat half-year

BNZ outranks its Australian cousins for customer preference.

Pattrick Smellie 07 May 2025
Westpac's NZ net interest margin expands again
Finance

Westpac's NZ net interest margin expands again

Net interest margins rose in NZ, but shrank for the group as a whole.

Pattrick Smellie 05 May 2025