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....
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...
Two Sigma Investments LP grew its holdings in shares of Southern Copper Co. (NYSE:SCCO – Get Rating) by 69.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 207,528 shares of the basic materials company’s stock after purchasing an additional 85,178 shares during the period. Two Sigma Investments LP’s holdings in Southern Copper...
Indonesian metal and mining firm PT Trimegah Bangun Persada is set to kick off its initial public offering as soon as Wednesday and is looking to raise about $650 million, according to people familiar with the matter. The company, also known as Harita Nickel, plans to offer shares at 1,220 to 1,250 rupiah each, said the people, who asked not...
South Africa’s Sibanye-Stillwater (SSWJ.J) said on Tuesday it now controlled nearly 71% stake in New Century Resources (NCZ.AX), two weeks after launching an unsolicited takeover bid as it lost confidence in the Australian zinc miner’s board. The South African precious metals producer launched an A$1.10 cash per share offer through its local unit on Feb. 21, valuing the Australian miner...
The Bulgarian competition authority said on Monday that it has received a request to investigate the proposed absorption of Greek company Etem Commercial and Industrial Light Metals, a subsidiary of ElvalHalcor Hellenic Copper and Aluminium Industry JSC, by Cosmos Aluminium, also of Greece. The transaction is expected to affect the market for aluminium extrusions in Bulgaria and in the European...
Palladium One Mining (TSXV: PDM) is expanding its portfolio of critical mineral assets in Canada with the acquisition of MetalCorp (TSXV: MTC), an Ontario-focused junior miner with two exploration-stage projects and royalty interests in several others. On Monday, the two companies entered a definitive agreement for a business combination, under which Palladium One would acquire all issued and outstanding shares...
