Rio Tinto and Arcadium Lithium plc have announced a definitive agreement in which Rio Tinto will acquire Arcadium in an all-cash transaction valued at $5.85 per share. The deal values Arcadium’s share capital at approximately $6.7 billion. Arcadium is a vertically integrated producer of lithium chemicals, with an annual production capacity of 75,000 tonnes of...
READ MOREThe Public Investment Corporation (PIC), Africa’s largest asset manager, has increased its stake in Sibanye-Stillwater, now holding over 15% of the diversified mining company. This move signals confidence in Sibanye-Stillwater’s long-term growth, particularly in light of its promising lithium project in Finland, which has recently received financial backing through a R10 billion green loan package....
READ MOREBoston-based Pure Lithium Corporation, a vertically integrated lithium metal battery technology company, has announced the acquisition of Dimien, a private U.S. company specializing in vanadium cathode materials. The acquisition includes all of Dimien’s intellectual property, manufacturing equipment, and its experienced team. This move is expected to expedite the development of Pure Lithium’s lithium metal vanadium...
READ MOREPremier African Minerals Limited is considering various strategic options for its Zulu lithium plant, located at the Fort Rixon lithium mine in Zimbabwe’s Matabeleland South Province. These options include a potential full or partial sale, or bringing in an investment partner through a joint venture. The company reported an operating loss of $12.03 million for...
READ MORERio Tinto has expressed interest in acquiring Arcadium Lithium, positioning itself to become one of the largest lithium producers globally. The announcement comes at a time when global lithium prices have seen a sharp decline, largely due to economic challenges in China and a decrease in demand for electric vehicles (EVs). In a statement issued...
READ MOREChariot is accelerating its plans to become a lithium producer by shifting focus to a pilot plant strategy at its Black Mountain lithium project in Wyoming. The company aims to supply spodumene concentrate to meet growing U.S. demand, responding to an expected rebound in lithium prices. This strategic pivot, away from large-scale exploration, follows internal...
READ MOREStB Giga Factory Inc, an Australian-Chinese joint venture, has officially inaugurated a PHP 7-billion ($124.6 million) production facility for lithium iron phosphate (LFP) batteries in the Philippines. The factory, located at the Filinvest Innovation Park in New Clark City, Tarlac province, will supply the renewable energy and automotive sectors. The manufacturing complex was opened on...
READ MOREGreen Lithium Refining Limited, a British low-carbon lithium refinery developer, announced on Tuesday that it has signed a memorandum of understanding (MoU) with mining giant Rio Tinto. The agreement aims to establish a commercial partnership to develop a lithium supply chain that will enhance the security of supply for the UK’s and EU’s automotive and...
READ MOREThe National Commission for Public Debate (CNDP) published its findings on Monday, September 30, regarding the proposed lithium mining project in Échassières, France, following five months of public debate. The project, known as EMILI, was announced in October 2022 by French mining company Imerys. It aims to develop France’s largest lithium deposit, with a planned...
READ MORE**TerraVolta Resources Secures $225 Million for Lithium Project** The US Department of Energy has awarded a $225 million grant to TerraVolta Resources for its Liberty Owl project, which aims to extract lithium from formation water in hydrocarbon fields located in Texas and Arkansas. The project, with an estimated capital investment of over $1 billion, is...
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