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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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”.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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)
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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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