Capstone Copper Corp. (TSX: CS) and Orion Mine Finance have entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. and Scotia Capital Inc. under which the underwriters have agreed to purchase, on a bought deal basis from Orion, 50,000,000 common shares of Capstone at a price of $5.70 for gross proceeds to Orion of...
Albemarle Corporation (Free Report) announced that it will set up its lithium mega-flex facility in Chester County, SC. The new hydroxide facility will include an initial investment of $1.3 billion or more, enabling the company to meet the increasing demand for electric vehicles and lithium-ion batteries. Albemarle’s Mega-Flex plant will process various lithium feedstock, that includes recycled batteries, to manufacture...
Queensland Pacific Metals Ltd (ASX:QPM) has struck a binding ore supply deal with New Caledonian company Société Minière Georges Montagnat (SMGM), one of the original supporters of QPM and the TECH Project. The companies have formalised the 10-year ore supply agreement for up to 200,000 wmt per annum, targeting a typical limonite ore specification of 1.5% nickel and 0.18% cobalt....
Nickel is one of the critical metals which plays an instrumental role in the energy transition and it’s likely that the electrification of transport will see nickel prices remain strong over the coming decades. The metal’s inclusion in the US critical minerals list, underpinned by the US Government’s Inflation Reduction Act, along with the recently announced Critical Raw Materials Act...
Gold miners have shed the exuberant skin they formed as failing banks sent investors rushing for safe havens early this week. That has been replaced by a nervous atmosphere, with nailbiting all round as gold producers wait to see where the US Fed heads with interest rates tonight. Prices fell over 2% overnight, with the London Bullion Marketing Association reporting...
Takeover target Mincor Resources has told its shareholders to wait for a better offer after mining billionaire Andrew Forrest lobbed a $760 million bid for one of Western Australia’s biggest nickel producers. Shares in the Perth-based Mincor shot up 41 per cent, or 43 cents, to $1.47 a share on Tuesday, well above the $1.40 a share offer put on...
Posco Future M will invest 392 billion won ($300 million) to build a high-nickel cathode plant in Pohang, to seize the opportunity that is the growing demand for the high-density battery. The facility in North Gyeongsang will produce 30,000 tons of high-nickel nickel-cobalt-aluminum (NCA) cathodes annually, which is enough to supply batteries for 300,000 EVs. The investment comes as the...
Copper yesterday settled up by 0.48% at 758.35 as worries over a global banking crisis eased, with copper further supported by improving consumption in China. Measures by authorities to avert a global banking crisis lifted market confidence as investors welcomed a historic Swiss-backed acquisition of troubled Credit Suisse (SIX:CSGN) by UBS Group and emergency dollar liquidity from top central banks....
Canadian mining firm McEwen Mining has pushed out plans for going public with its copper venture to later in the year or early next year, chairperson and chief owner Rob McEwen said on Tuesday, noting that the recent investments by European automotive group Stellantis and diversified major Rio Tinto have reduced the urgency to do an initial public offering (IPO)....
Recharge Metals is pivoting towards lithium exploration with its acquisition of intriguing Express project in the heart of Quebec’s James Bay region – an emerging lithium district. The large-scale project, which covers 73.5km2, has reported outcropping pegmatites and is interpreted to be within a spodumene-bearing pegmatite trend that hosts the high-grade James Bay Deposit and Pontax Lithium Project. However, the...
