Tesla inks multi-year nickel supply deal with Prony
Tesla (NASDAQ: TSLA) has inked a multi-year nickel supply deal with New Caledonia’s Prony Resources, which guarantees the U.S. carmaker about 42,000 tonnes of the metal needed to produce the…
Battery metals
BHP to expand into “tougher jurisdictions” in search of battery metals
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) CEO Mike Henry says the company is ready for a strategic shift out of its geographical, advanced-economies comfort zone into “tougher jurisdictions” as…
US narrows gap with China in race to dominate battery supply chain, report says
The United States is narrowing the gap with China when it comes to the race to dominate the battery value chain, according to BloombergNEF’s second annual Global Lithium-Ion Battery Supply…
Albemarle to buy Chinese lithium firm for US$200 million
Albemarle (NYSE: ALB), the world’s top lithium producer, says it will buy China-based Guangxi Tianyuan New Energy Materials for about US$200 million, as part of its plans to boost lithium conversion capacity. …
Universities collaborate to kickstart Australia’s critical mineral future
A new collaboration between Curtin University and The Australian National University (ANU) aims at helping Australian miners better identify, characterize and extract critical minerals to ensure the long-term viability of…
Sibanye-Stillwater buys 50% stake in Nevada lithium project for US$490M
South African precious metal miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has taken a 50% stake in ioneer Ltd’s (ASX: INR) lithium-boron project in Nevada for US$490 million. The deal is…
BHP inks exploration deal with Gates and Bezos-backed Kobold Metals
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has struck a deal to use artificial intelligence tools developed by KoBold Metals, a start-up backed by a coalition of billionaires including Bill…
Silver Elephant releases PEA for vanadium project in Nevada
The study shows an after-tax internal rate of return (IRR) of 25.4% and net present value (NPV) of $127.9 million.
Piedmont and Sayona complete acquisition of Canadian lithium miner
Australia’s Piedmont Lithium (ASX: PLL) and its 19%-owned Sayona Mining (ASX: SYA) have completed the acquisition of Canada’s North American Lithium (NAL), as part of their plan to create a potential lithium production hub in the…
Silver Elephant to spin-out battery metals assets
Canada’s Silver Elephant Mining (TSX: ELEF; US-OTC: SILEF) is splitting its battery metals assets into several new companies that will be spun-out to its shareholders to focus on precious metals exploration. …
Higher metal prices to push exploration budgets up in 2022, says S&P Global
S&P Global Market Intelligence’s pipeline activity index points to mineral exploration budgets increasing by 5% to 10% in 2022, metals and mining analyst William Mason told a recent online conference….
TSX Venture down, August 16-20
The S&P/TSX Venture Composite Index fell 58.55 points or 6.34% to finish the August 16-20 trading week at 864.51. Spot gold fell US$1.00 per oz. to US$1,780.70 per ounce. Shares…