Automaker Stellantis has revealed its decision to inject more than $100 million into California-based Controlled Thermal Resources as part of its growing involvement in the direct lithium extraction (DLE) sector. This move comes amid the global search for new electric vehicle battery metal sources, driven by the green energy transition and the U.S. Inflation Reduction...
READ MOREACG, a Mumbai-based integrated pharmaceutical manufacturing solutions company, has announced its complete ownership of Technical Aluminium Foil Company LLC (TAFC UAE). This strategic step underscores ACG’s expanding presence in the Middle Eastern and African markets, solidifying its growth trajectory. As the sole integrated provider of pharmaceutical manufacturing solutions globally, ACG offers an array of products...
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BAE Systems has reached an agreement to acquire Ball’s aerospace division, a significant player in the aluminium packaging industry, for $8.8 billion. This strategic move by the UK-based defense company aims to bolster its missile, space, and munition offerings during a period of increased government expenditure on weaponry. According to a regulatory filing on Thursday,...
READ MOREUnicoin Inc., the entity behind the asset-backed cryptocurrency bearing the same name, has concluded an all-crypto acquisition of copper exploration rights and mineral privileges in Argentina. The deal, valued at $210 million, involves the purchase from Electroquímica Del Neuquen S.A. The acquisition, known as the Barda Gonzales Project, is located within Argentina’s Neuquen Province. In...
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Alaska Energy Metals Corp. has announced its acquisition of an extensive exploration database that encompasses more than $30 million worth of exploration activities conducted since 1995 at the Nikolai nickel-copper-cobalt-platinum group metal project in Alaska. The Nikolai project was initially discovered and explored by INCO Ltd. during the 1990s. Subsequently, Nevada Star Resources Ltd. took...
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US-based chemical company Albemarle has made a C$109 million ($81.17 million) investment in Canadian miner Arbor Metals’ St James Lithium camp located in Quebec, Canada. The St James Lithium Camp encompasses Arbor Metals’ Jarnet Lithium Project, which holds a prominent position within Arbor’s lithium portfolio. Arbor acquired the 3,759-hectare Jarnet project in January 2022 with...
READ MOREAluminium Bahrain B.S.C. (Alba) has unveiled a novel aluminium alloy, the 6060.HE, expanding its AA6060 aluminium alloy product line designed for aluminium extrusions. Developed through a partnership involving the University of Bahrain and Bahrain Aluminium Extrusion Company (BALEXCO), this new alloy incorporates scientific research from the University and leverages BALEXCO’s experience as a prominent regional...
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Multinational commodity trader and mining group Glencore has finalized the purchase of a 56.25% stake in the Mara copper and gold project in Argentina. This acquisition has been made possible through an agreement with Canada’s Pan American, resulting in Glencore obtaining full ownership of the site. The transaction is set to conclude during Q3, with...
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London’s AIM-listed gold mining company, Chaarat Gold, is actively considering various financing avenues, which may include the sale of its sole operational mine, Kapan, situated in Armenia. The Chief Executive Officer, Mike Fraser, conveyed this information on Friday. Furthermore, the firm is engaged in ongoing discussions with investment management entity Xiwang, exploring a potential investment...
READ MOREIn a strategic move to enhance its precious metals portfolio, Silvercorp Metals (TSX/NYSE: SVM), the Canadian mining company, has initiated a takeover deal for OreCorp (ASX: ORR), an Australian gold developer. Under the terms of the agreement, Silvercorp will acquire all outstanding shares of OreCorp for A15c in cash and 0.0967 of a Silvercorp share...
READ MOREIperionX Limited (NASDAQ: IPX, ASX: IPX) has reached a significant milestone in its quest to develop the world’s largest recycled titanium metal production facility in Virginia. The company has secured all necessary permits to commence construction and operations at the planned facility. These permits include the Industrial Wastewater Discharge permit issued by the Halifax County...
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Vale Base Metals (VBM) Ltd. has recently inked deals worth $3.4 billion with two Saudi Arabian-owned entities, marking a significant step towards the development of its base metals operations as an independent entity. The agreement will provide the necessary funding for VBM’s ambitious capital projects, focused on increasing the production of critical minerals essential for...
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LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) has entered into a definitive asset purchase agreement with Pristine Lithium Corp. (Pristine Lithium) to sell its three lithium brine projects, Estevan, Kindersley, and South, located in Saskatchewan, Canada. “The strategic sale of our Saskatchewan assets to Pristine Lithium will expedite the unlocking of our Saskatchewan properties’ true...
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SKC Co. has announced a strategic partnership with Japan’s Toyota Tsusho Corp. to establish a joint venture that will produce and supply battery-grade copper foil in North America, targeting the rapidly growing electric vehicle (EV) market. Under the memorandum of understanding, SK Nexilis Co., SKC’s subsidiary specializing in copper foil production, will join forces with...
READ MOREIn a significant move to expand its global mining assets, Saudi Arabian Mining Company, known as Ma’aden, has entered into an agreement to acquire a 10% stake in Brazil’s base metals company Vale. The transaction, facilitated through Ma’aden’s joint venture Manara with the Public Investment Fund, is valued at $26 billion based on enterprise value....
READ MORESouth African platinum miner, Impala Platinum (Implats), has successfully completed its bid to control Royal Bafokeng Platinum (RBPlat), raising its stake to 91%. The acquisition process involved purchasing a 34.5% stake in RBPlat from fellow South African miner, Northam, for R9 billion ($505 million) and around 30 million Implats shares. The rivalry between Northam and...
READ MOREEcuador’s government announced on Thursday that it has successfully concluded negotiations with Australian miner SolGold (OTCPK: SLGGF) to move forward with the development of the Cascabel copper-gold mine. The ambitious project is anticipated to require a substantial investment of nearly $5 billion over its operational lifespan. According to government projections, the Cascabel mine has the...
READ MOREEmirates Global Aluminium (EGA) recently announced a significant memorandum of understanding (MOU) with ITOCHU Corporation of Japan to collaborate on aluminium production growth with a focus on decarbonization and developing domestic industries in EGA’s supply chain. The MOU was signed during the UAE’s Japan-UAE Business Forum and in the presence of esteemed dignitaries, including Abu...
READ MORERio Tinto is making a strategic investment of US$27.5 million in Sovereign Metals Limited’s Kasiya Rutile-Graphite Project in Malawi. Through this investment, Rio Tinto will acquire a 15% stake in Sovereign, with the potential to increase it to 19.99% within a year. The collaboration aims to tap into significant supplies of low carbon footprint natural...
READ MOREKorea Zinc, the world’s largest zinc and lead smelter, is poised to become a supplier of copper foil, a crucial component for battery manufacturing, to LG Energy Solution Ltd., the world’s second-largest battery maker. The company is currently providing sample supplies to LG Energy after successfully passing tests on LG batteries. If a formal agreement...
READ MOREVedanta Resources Ltd., owned by Indian billionaire Anil Agarwal, has announced that it is in “advanced stage” talks to regain control of the Konkola Copper Mines Plc in Zambia, four years after the Zambian government took over the mining complex. Vedanta issued a statement on Sunday expressing its commitment to the negotiation process, even though...
READ MOREFaraday Copper has announced the latest assay results from its Copper Creek project in Arizona, revealing exciting possibilities for expanding the open-pit resource base. The phase two drilling program, comprising six drill holes, has highlighted the potential to connect two conceptual open pits, Copper Prince and Mammoth, in the upcoming resource estimate. Three of the...
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Lundin Mining, a Toronto-based mining company, has completed the acquisition of a majority stake in the company that operates the Caserones copper-molybdenum mine in Chile, the world’s largest producer of the metal. The acquisition gives Lundin Mining a 51% ownership stake in Caserones, with plans to acquire an additional 19% in the future. To finance...
READ MOREAustralian lithium explorer and developer, Oceana Lithium, has made a significant move by acquiring 100% ownership of Monaro Lithium Canada from Noranda Royalties in a joint cash and shares deal. The purchase includes an upfront payment of A$225,000 ($170,000) and up to 9.5 million Oceana lithium shares, valuing the transaction at approximately A$3.45 million ($2.6...
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