Pursuit Minerals
- Company typePublic
- Founded2020
- HeadquartersBrisbane, Australia
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
Pursuit Minerals firmographics
Firmographics- Name
- Pursuit Minerals
- Legal name
- Pursuit Minerals Limited
- Website
- https://pursuitminerals.com.au
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Pursuit Minerals industry classification
Industry- Product category
- Lithium Mining and Production
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Lithium Mining & Brine Extraction (IMAKAFAA)
- akta.pro secondary industries
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM), Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)
Keywords
Where Pursuit Minerals is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Pursuit Minerals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Lithium Carbonate Sales: The company is pre-revenue as a development-stage lithium company. Upon commissioning of the 250 tpa pilot plant in Q1 2025, the company will begin early-stage lithium carbonate production for potential near-term cash flow. The primary revenue stream will be from sales of battery-grade lithium carbonate to EV battery manufacturers and cathode producers once full-scale production is achieved (5,000-15,000 tpa planned).
- Project Acquisitions and Divestitures: The company engages in strategic asset transactions, such as the acquisition of the Sascha-Marcelina Projects in Argentina from Mirasol Resources Ltd. for US$1.5 million plus a 1.5% royalty. These transactions can provide near-term revenue and strategic asset growth.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Pursuit Minerals product offering
Product offeringCore offering
Pursuit Minerals is a pre-revenue lithium exploration and project development company developing the Rio Grande Sur Lithium Project in Argentina's Lithium Triangle. The company is commissioning a 250 tpa Lithium Carbonate Pilot Plant that produces 99.5% high-purity battery-grade lithium carbonate from a 1.104Mt LCE @ 505.8mg/L Li brine resource, targeting direct sales to EV battery manufacturers and cathode producers, with planned commercial-scale expansion to 5,000-15,000 tpa.
Product overview
Pursuit Minerals is a lithium exploration and development company operating the Rio Grande Sur Lithium Project in Argentina's Lithium Triangle. The company's product portfolio consists of the flagship Rio Grande Sur Lithium Project (a JORC-compliant 1.104Mt LCE resource) combined with a 250 tpa Lithium Carbonate Pilot Plant that produces battery-grade lithium carbonate. The pilot plant serves as a technical validation step toward scaled commercial production, with future expansion planned toward 5,000-15,000 tpa capacity.
Differentiator
Problem solved
Functional benefit
Products and services
- Rio Grande Sur Lithium Project A JORC-compliant lithium brine project in Argentina's Lithium Triangle covering 9,260 hectares, with a resource of 1.104Mt LCE at 505.8mg/L Li, advancing toward near-term production of battery-grade lithium carbonate. Targeted at EV battery manufacturers and cathode producers requiring high-purity lithium supply.
- 250 tpa Lithium Carbonate Pilot Plant A 250 tonnes per annum lithium carbonate pilot plant in Salta, Argentina, producing high-purity (99.5%) battery-grade lithium carbonate to validate processing flows and enable early-stage production. For EV battery manufacturers, cathode producers, and potential offtake/strategic partners.
Quantifiable outcome
- 339% resource upgrade in 2024
- +3 more outcomes
Companies that use Pursuit Minerals
Customer profileSegments2 records
Ideal customer profiles2 records
Pursuit Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Pursuit Minerals partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Mirasol Resources Ltd.corePursuit Minerals acquired the Sascha-Marcelina Projects in Argentina from Mirasol Resources Ltd. for US$1.5 million, retaining a 1.5% royalty for Mirasol. The transaction included transfer of an option for the Marcelina Project and repayment of CAD$2 million in shareholder loans. This acquisition expanded Pursuit Minerals' project portfolio in Argentina's lithium region.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
Pursuit Minerals competitors and assessment
Company assessmentDirect peers
- Argentina Lithium & Energy Corp: TSX-V-listed junior focused on lithium brine exploration in Argentina (including at Antofalla and Rincon). Comparable to Pursuit as a small-cap, Argentina-only lithium developer at the exploration-to-PFS stage.
- Lake Resources: ASX-listed lithium brine developer with flagship project in Argentina's Lithium Triangle (Kachi). Closely comparable to Pursuit as a junior, pre-revenue, Australian-listed brine developer targeting battery-grade lithium carbonate.
- Lithium Americas Corp: TSX/NYSE-listed lithium developer with the Thacker Pass (US) and prior Argentine Cauchari-Olaroz interests. Comparable to Pursuit in brine processing flowsheet and Argentine lithium development, though at a much larger scale and stage.
- Galan Lithium: ASX-listed developer of the Hombre Muerto West lithium brine project in Argentina. Direct peer to Pursuit given shared Australian listing, Argentine brine focus and pilot-stage development profile.
- Lithium Argentina: TSX/LSE-listed pure-play Argentine lithium developer (formerly Lithium Americas Argentina). Direct peer given Argentine brine focus, mid-stage development profile and pursuit of battery-grade lithium output.
Broad incumbents
- Ganfeng Lithium: Chinese integrated lithium major with brine and hard rock assets globally, including Argentine interests. Comparable as a major battery-grade lithium carbonate offtaker and producer in the same regional cluster.
- Albemarle Corporation: Largest global lithium producer with brine operations at Salar de Atacama and an expanding Argentine footprint. Comparable to Pursuit as a battery-grade lithium chemicals supplier adjacent to Pursuit's Salta tenure.
- Eramet: French mining group developing the Centenario-Ratones lithium brine project in Salta, Argentina. Direct geographic peer to Pursuit in the Salta lithium cluster and a likely competitor for talent, capital and offtake.
- Arcadium Lithium (now Rio Tinto): Major global lithium chemicals producer (acquired by Rio Tinto in 2024) operating adjacent salars in the Lithium Triangle. Comparable to Pursuit as a producer of battery-grade lithium carbonate from Argentine brines, but at far larger commercial scale.
- SQM: Chilean-based global lithium chemicals leader with significant operations in the Atacama salar. Comparable to Pursuit as a brine-based, low-cost lithium carbonate producer serving the EV battery supply chain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pursuit Minerals social profiles
Digital presencePursuit Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pursuit Minerals leadership team
Management profileNumber of profiles
Profiles4 records
Pursuit Minerals funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pursuit Minerals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pursuit Minerals
What does Pursuit Minerals do?
Pursuit Minerals is a pre-revenue lithium exploration and project development company developing the Rio Grande Sur Lithium Project in Argentina's Lithium Triangle. The company is commissioning a 250 tpa Lithium Carbonate Pilot Plant that produces 99.5% high-purity battery-grade lithium carbonate from a 1.104Mt LCE @ 505.8mg/L Li brine resource, targeting direct sales to EV battery manufacturers and cathode producers, with planned commercial-scale expansion to 5,000-15,000 tpa.
Is Pursuit Minerals a public or private company?
Pursuit Minerals is a public company. It is classified as public and is currently operating.
When was Pursuit Minerals founded?
Pursuit Minerals was founded in 2020. It employs 1 to 10 people.
Where is Pursuit Minerals based?
Pursuit Minerals is headquartered in Brisbane, Australia, in the Oceania region.
How does Pursuit Minerals make money?
Two revenue lines are on record. Lithium Carbonate Sales are the primary driver. The others are project Acquisitions and Divestitures.
Who are Pursuit Minerals's main competitors?
Direct peers on record are Argentina Lithium & Energy Corp, Lake Resources, Lithium Americas Corp, Galan Lithium and Lithium Argentina. Broad incumbents are Ganfeng Lithium, Albemarle Corporation, Eramet, Arcadium Lithium (now Rio Tinto) and SQM.
Does Pursuit Minerals have an API?
No public API is recorded for Pursuit Minerals.
What industry is Pursuit Minerals in?
Pursuit Minerals's product category is Lithium Mining and Production. Its primary akta.pro industry code is IMAKAFAA, Lithium Mining & Brine Extraction, with a secondary code of IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its SIC code is 1000.