Atlantic Lithium Limited has secured a strategic investment of US$32.9 million from the Minerals Income Investment Fund of Ghana (MIIF). The investment aims to support the development of Atlantic Lithium’s flagship Ewoyaa Lithium Project and the broader Cape Coast Lithium Portfolio in Ghana. Quotes from Atlantic Lithium and MIIF Leadership Neil Herbert, Executive Chairman of […]
Albemarle Corporation has extended its final offer to acquire all outstanding shares of Liontown Resources Limited for A$3.00 per share or A$6.6 billion ($4.3 billion) in a revised, conditional, and non-binding indicative proposal. According to Albemarle, this is their best and final offer unless a superior proposal comes forward. The offer aims to consolidate Albemarle’s […]
Hyundai Motor Group, a global automotive giant, has announced a Memorandum of Understanding (MOU) with Korea Zinc, the leading non-ferrous metal smelting company in Korea. The partnership aims to establish a comprehensive collaboration across the nickel value chain, critical for electric vehicle (EV) batteries. The MOU was signed by Heung-soo Kim, Executive Vice President and […]
Intra Energy Corporation Limited (ASX:IEC) has concluded a capital raise of A$3.6 million for the Llama Lithium Project in Canada, by issuing 720,000,000 shares at $0.005 per share, as announced earlier on 18 May 2023. The lead manager for the raise, Wentworth Securities, confirmed that this arrangement included a one-for-two free-attaching option, exercisable at A$0.015, […]
Askari Metals Limited has successfully finalized the acquisition of the remaining 10% interest in EPL 7345, which forms a crucial part of the Uis Lithium Project in Namibia. This acquisition marks an important milestone for the company’s expansion in the lithium sector. The agreement, binding Askari Metals and Jenny Elaine van der Walt, ensures Askari […]
Amara Raja Batteries has broken ground on the Amara Raja Giga Corridor, an INR 9,500 crores gigafactory in Mahbubnagar district, Telangana. The ground-breaking ceremony, which was attended by Telangana Minister KT Rama Rao, marks the beginning of the gigafactory, which is planned to eventually produce up to 16GWh of lithium cells and up to 5GWh […]
Lithium Americas, a Canada-based mining company, has begun the construction of its Thacker Pass lithium project in Humboldt County, Nevada. The construction at the Thacker Pass lithium mine follows the receipt of notice to proceed from the Bureau of Land Management. Being built in phases, the Thacker Pass lithium project is anticipated to produce 80,000 […]
Ford Motor Company will construct the BlueOval Battery Park Michigan, a new $3.5 billion lithium iron phosphate (LFP) battery facility in Marshall, Michigan to become the first automaker to manufacture both nickel cobalt manganese (NCM) and LFP batteries in the US. The country’s first automaker-backed LFP battery facility is anticipated to diversify Ford Motor’s US […]
Neogen Chemicals Limited has reported a profit after tax (PAT) of INR 14.7 crores for the third quarter of the fiscal year 2023 (Q3 FY23), a year-over-year (YoY) growth of 40%. According to the Indian specialty chemicals producer, the increase in profit after tax reflected the operational performance, impacted moderately by high depreciation related to […]
American automotive manufacturer General Motors (GM) and Lithium Americas, a mining company, have joined forces to develop the Thacker Pass lithium project in Nevada. Situated in Humboldt County, the Thacker Pass lithium mine is anticipated to process a large scale of lithium, which can support the production of up to one million electric vehicles annually. […]