TSXV inches higher during July 24-28 trading week
The S&P/TSX Venture Composite Index added 13.1 points or 2.1% over the July 24-28 trading session to end at 625.1. This week, leading in terms of value gainers was Sigma…
Battery metals
Saudi firm to buy 10% stake in Vale’s energy metals business
Vale (NYSE: VALE) has inked a binding agreement with Manara Minerals, a joint venture between Saudi Arabia’s state-owned miner Ma’aden and the kingdom’s Public Investment Fund. In this deal, Manara…
Sigma makes first lithium shipment from Grota do Cirilo
Sigma Lithium (TSXV: SGML) has shipped its first product from the Grota do Cirilo lithium mine in Minas Gerais, Brazil. This Thursday, a ship is due to leave the Port of…
Rio Tinto to miss 2025 emissions cuts targets
The world’s second largest miner won’t be able to achieve a targeted 15% carbon emissions reduction by 2025, unless it uses carbon offsets.
Albemarle moves ahead with Kemerton plant expansion
It has awarded a A$200 million ($135m) contract to engineering company Monadelphous Grouppertaining.
Electra expands LG cobalt supply deal with delayed start date
Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) has enhanced its battery-grade cobalt supply agreement with LG Energy Solution, a leading global manufacturer of lithium-ion batteries, from terms initially announced in…
MinRes backs out of Chinese investment deal with Albemarle
Australia’s Mineral Resources (ASX: MIN) has pulled the plug on a billion-dollar deal that would have seen it acquire a stake in downstream assets in China owned by lithium giant…
Rio Tinto flags cost hike at Argentina lithium project
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has noted a likely cost estimate and schedule review for its Rincon lithium project in Argentina’s Salta Province, an emerging hub for…
Graphite One stock jumps on US$37.5M grant from US government
Graphite One (TSXV: GPH; US-OTC: GPHOF) has been awarded a Department of Defense Technology Investment Agreement grant of US$37.5 million under the Defense Production Act, funded through the Inflation Reduction…
Rio Tinto grabs stake in graphite-focused Sovereign Metals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) agreed on Monday to buy a 15% stake in Australia’s Sovereign Metals (LSE: SVML; ASX: SVM) for A$40.4 million (US$27.6 million), becoming a…
Video: Geopolitics and the mining industry – how to navigate polarization
During the recent The Mining Investment Event in Quebec City, Que., a panel on geopolitics shared advice with miners on navigating the increasingly polarized global geopolitics and the accompanying opportunities…
Savannah Resources raises $10M for Europe’s biggest lithium project
Savannah Resources (AIM: SAV) said on Friday it had raised £6.1 million ($10.4 million) through equity, which allows it to move forward with its Barroso lithium project in Portugal, slated…