Canadian graphite miner NMG scores deals with GM, Panasonic

Nouveau Monde Graphite inked on Thursday multi-year offtake agreements with General Motors and Panasonic Holdings, with both companies also vowing to invest in the Canadian miner to help it produce high-quality graphite in North America.

GM, Stellantis-backed lithium startup seeks more than $1 billion for brine project

A private US lithium startup backed by Stellantis NV and General Motors Co. is working with financial advisers to seek more than $1 billion for its project in California.

Sigma Lithium’s chief controls officer exits company in latest shake-up

Sigma Lithium’s chief controls officer (CCO) Raphael Dias has left the company, he told Reuters on Friday, in the latest management shakeup at the Vancouver-based miner.

Sigma Lithium’s former co-CEO fired for trading in blackout period

Mining News Pro - The former co-CEO of Sigma Lithium, a leader in Brazil’s budding lithium sector, was fired earlier this year for trading its shares during a quarterly earnings blackout period, according to legal correspondence in a civil lawsuit, trading data and two people familiar with the matter.

Sigma Lithium shares jump as it posts first quarterly profit

Mining News Pro - Sigma Lithium reported on Wednesday a revenue of $97 million for the third quarter of 2023, marking the company’s first revenue-generating quarter.

Brazil mineral rights dispute casts shadow on Sigma Lithium expansion

Mining News Pro - A Brazilian court injunction is halting the sale or mining of two plots of land where takeover target Sigma Lithium is planning open pits, according to court documents seen by Reuters.

Sigma Lithium surges after attracting strategic proposals

Mining News Pro - Sigma Lithium Corp. surged 15% after saying it’s reviewing a number of strategic approaches in the latest sign of rampant dealmaking in the sector.

NRW Holdings to design, construct Northern Star’s KCGM plant for $648m

Mining News Pro - Australia’s NRW Holdings Ltd said on Monday that it entered into a A$973 million ($648.02 million) contract to design and construct the processing plant facilities at Northern Star Resources’ KCGM growth project.

GM secures financial support for an EV battery plant in Quebec

Mining News Pro - General Motors Co. and Posco Future M Co., Ltd. have secured half of the financing for a C$600 million ($442 million) electric-vehicle battery component plant in Quebec from the provincial and federal governments.

Investors irked by Glencore’s stance on thermal coal AGM vote

Mining News Pro - Investors pushing for more transparency on miner Glencore’s thermal coal production said its decision not to support a shareholder resolution on the topic showed a “fundamental lack of willingness to engage”.

Tesla considering a bid for Sigma Lithium

Mining News Pro - Tesla Inc. has been weighing a takeover of battery-metals miner Sigma Lithium Corp., people with knowledge of the matter said, amid rampant demand for the metal used in electric vehicle batteries.

Sigma Lithium secures $100 million for Brazil mine expansion

Mining News Pro - The Canadian miner said the debt-financing deal extends until August 2023, which gives it enough time to ramp up production at Grota do Cirilo, one of the largest hard rock lithium deposits in the Americas.

Sigma Lithium to wrap up first phase of $5.1bn Brazil project next month

Mining News Pro - Sigman Lithium, which values the project at $5.1 billion, expects to generate significant free cash flows in the second quarter of 2023, thanks to strong metal prices.

GM prepaying Livent $198 million for guaranteed lithium supply

Mining News Pro - General Motors Co is prepaying Livent Corp $198 million for a guaranteed six-year supply of lithium, a deal that reflects the auto industry’s rising worry about a tightening market for the electric vehicle battery metal.

Sigma Lithium’s project in Brazil to benefit from new rules

Mining News Pro - Canadian minerals explorer Sigma Lithium said on Tuesday its 25%-ready Grota do Cirilo lithium project in Brazil will benefit from a presidential decree issued last week allowing unrestricted trade of any products containing the battery metal.

Picasso pigment may be key to recovering gold from e-waste

Mining News Pro - Researchers at Nagoya University and the Tokyo Institute of Technology discovered that a pigment called Prussian blue may be the key to recovering precious metals such as gold and platinum from nuclear and electronic waste.

Glencore to supply cobalt to GM in multi-year deal

Mining News Pro - Miner and commodities trader Glencore has inked a multi-year agreement with General Motors to provide the automaker with cobalt from its Murrin Murrin operation in Australia.

Sigma Lithium to start civil works at vast Brazilian project

Mining News Pro - Sigma Lithium has finished building the production plant foundation for Phase 1of its Grota do Cirilo lithium project in Brazil, the largest hard rock lithium deposit in the Americas.

Lithium squeeze has Sigma looking to double Brazil capacity

Mining News Pro - With battery makers screaming out for new supplies of lithium, a Brazilian-focused company is raising its initial output projection and turning toward a second-stage development.

Amplats sees ‘softening’ PGM prices after record payout

Mining News Pro - Anglo American Platinum Ltd. said that while platinum-group metals will remain strong in the medium term, they won’t match last year’s levels that brought a record payout of 80 billion rand ($5.3 billion).

MP Materials enters rare earth magnet supply deal with GM

Mining News Pro - MP Materials announced Thursday that it has entered a binding, long-term agreement with General Motors (NYSE: GM) to supply domestically sourced rare earth materials, alloy and finished magnets for electric motors in more than a dozen GM models.

GM’s battery bet shows off lithium-metal cell that tops rivals

Mining News Pro - SES Holdings Pte, a startup backed by General Motors Co., is unveiling a lithium-metal battery big enough to power a car, a sign the newcomer is pulling ahead of rivals in its efforts to commercialize technology that could boost the range of electric vehicles.

BHP shareholders to vote on fossil fuel production detail at AGM

Mining News Pro - BHP said on Wednesday it would allow a vote at its next shareholder meeting on whether the world’s biggest listed miner should disclose details such as capital allocation and life of its fossil fuel assets.

Sigma joining lithium top tier after doubling Brazil project capacity

Mining News Pro - Sigma Lithium Resources’ preliminary economic assessment (PEA) for the second deposit at its Grota do Cirilo project, released on Wednesday, doubles production capacity of battery-grade lithium concentrate to around 440,000 tonnes per year (66,000 lithium carbonate equivalent)

Former Centerra board member named Kumtor GM

Mining News Pro - Kyrgyzstan has named Tengiz Bolturuk as general manager of the Kumtor gold mine, a day after seizing control of the mine that was formerly operated by Canadian mining company Centerra Gold.

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