https://www.theglobeandmail.com/
Five-year-old Lithium Royalty Corp. is going public with a planned $150-million-plus stock sale, raising money to fund the mines that feed a rapidly growing battery industry.
Lithium Royalty filed the paperwork on Wednesday for an initial public offering on the Toronto Stock Exchange, after tapping institutional investors for approximately $130-million and profitably investing in 27 projects.
A little over a year ago, Melbourne-based BHP Group Ltd., the world’s largest miner, bowed out of the highly publicized bidding war with Australian billionaire Andrew Forrest’s Wyloo Metals Pty. Ltd. for a nickel project in Ontario’s Ring of Fire region.
The tug of war between the two Australian miners over a Canadian asset included multiple bids over almost half a year before Wyloo’s $616.9-million bid in December 2021 led to the takeover of Noront Resources Ltd. — and with it the much talked about Eagle’s Nest project in northern Ontario.
Diversified miner BHP is speeding up work at its Jansen potash mine, in Canada, as the group sees an attractive entry opportunity for supply in lower-risk jurisdictions amid increased geopolitical uncertainty.
The company, which previously bought forward first production at Jansen Stage 1 from 2027 to the end of 2026, on Tuesday confirmed that the feasibility study for Stage 2 would be completed a year earlier than previously planned.
The Stainless Monthly Metals Index (MMI) rose 5.82% from January to February as the nickel price index lost upward momentum. Nickel prices returned sideways in the short term after finding a peak in January. Since the price has not bounced high enough to confirm an uptrend, downside risk may increase.
Meanwhile, volume levels appear at least partially responsible for current stainless and nickel price action. Overall buyer volume has continued to decline since January. This comes after a much more substantial loss of liquidity in 2022. Now, the rally has not only lost momentum, but there is enough volatility in the market for nickel prices to have no clear market direction at all.
(Bloomberg Businessweek) — General Motors is trying to speed ahead in the race for metals underpinning the industry’s shift to electric cars. The US automaker is competing for a stake in Vale’s base metals unit, people familiar with the matter said this month. A deal may give GM access to the Brazilian mining giant’s copper and nickel resources that are key to making EV batteries.
GM has made several such wagers recently, buying equity while rivals mostly sign supply deals. Last month, it bought a $650 million stake in Lithium Americas to help develop Nevada’s Thacker Pass mine, which may support output of as many as 1 million EVs a year.
https://www.nationalobserver.com/
Public consultations are now open to determine if a highway leading to two First Nations in northern Ontario will require a federal environmental assessment.
The proposal to the Impact Assessment Agency from Webequie and Marten Falls First Nations was accepted and public comments will be accepted until March 23. The proposed highway will begin 400 kilometres northeast of Thunder Bay and will cross the Attawapiskat River. It could end up being anywhere between 117 kilometres and 164 kilometres long.
https://www.northernminer.com/
Nickel price trends have become hard to predict. Ever since the London Metals Exchange (LME) crash, in March 2022, and the subsequent canceled trades, a number of banks pulled out and took with them the Exchange’s liquidity. Nickel prices on the LME have since become so volatile that suppliers no longer view them as representative of nickel’s market value.
Today, most of the nickel being sold – particularly by the Chinese – is direct to producers and at prices based on nickel sulphate and therefore disconnected from the disgraced LME. It’s possible that the LME may eventually recover.
In Indonesia, sickness and pollution plague a sprawling factory complex that supplies the world with crucial battery materials.
AFTER DAYBREAK, THE village of Labota begins to shudder with the roar of motorbikes. Thousands of riders in canary yellow helmets and dust-stained workwear pack its ramshackle, pothole-ridden main road, in places six or seven lanes wide, as it runs along the coast of Indonesia’s Banda Sea. The mass of traffic crawls toward the Indonesia Morowali Industrial Park, better known as IMIP, the world’s epicenter for nickel production.
“This is a tainted city,” says Sarida, a woman in her forties buying cough medicine at a roadside pharmacy. Only her eyes are visible; the rest wrapped in a face mask, hijab, and burqa. Behind her, a factory belches out brown plumes as thick as a skyscraper.
Have you recently entered the lithium and battery metals space? Have you invested in a lithium pegmatite project and are wondering if your project is superior to those of your competitors?
In light of the recent ‘lithium boom’, I was asked by several interested parties what I consider the most important aspects in locating lithium-caesium-tantalum (LCT) pegmatites and associated tin (Sn) mineralisation. Whilst geological parameters are the obvious ones to discuss first, I believe that overall tonnage, geomechanics and mineral processing, are of equal importance, particularly at early reconnaissance and drilling/ evaluation stages.
Africa holds mineral wealth with diverse commodities that are sought after the world over. In the diamond industry, local communities miss out on profits despite multilateral certification measures.
In diamond-rich parts of Africa, the revenue generated from mineral extraction does little to improve quality of life for the people who live in those countries, with Botswana being the only exception. Instead of uplifting communities through mineral riches, many people find themselves stuck in a vicious cycle of exploitation and abuse.
RENO, Nev. – Conservationists are seeking an emergency court order to block construction of a Nevada lithium mine after a U.S. judge directed a federal agency to revisit part of its approval of the plans but allowed construction to go forward in the meantime.
Four environmental groups want U.S. District Judge Miranda Du in Reno to temporarily halt any work at a subsidiary of Lithium Americas’ mine near the Oregon border until they can appeal her ruling earlier this month to the 9th U.S. Circuit Court of Appeals.
Brown-black discharge gushed out of a pipe from a hulking ship, dispersing murky clouds of sediment into the international waters of the Pacific Ocean.
The scene, captured in a video that’s garnered international attention, turned a spotlight to a controversial Canadian company that is poised to become the first in the world to extract critical metals from the ocean floor — with the help of a tiny island in Micronesia.
https://www.theglobeandmail.com/
Teck Resources Ltd. launched a sweeping restructuring on Tuesday by announcing plans to spin off its coal business and end the founding Keevil family’s six-decade run at the helm of the country’s largest base metals miner.
Vancouver-based Teck is asking shareholders to approve hiving off its steelmaking coal mines in British Columbia into a new company called Elk Valley Resources Ltd. Teck valued its offspring at $11.5-billion and will list Elk Valley on the Toronto Stock Exchange. The parent will focus on increasing copper production at mines in North and South America, and be renamed Teck Metals Corp.
BERLIN, Feb 22 (Reuters) – Tesla Inc (TSLA.O) has begun assembling batteries in Germany but will focus cell production in the U.S. in light of Inflation Reduction Act incentives, the company said, making it one of the first firms to declare a strategy shift prompted by the package.
The U.S. electric-vehicle maker is also preparing to produce cell components such as electrodes, some of which will be sent from its site in Gruenheide in the state of Brandenburg, to the United States, Tesla said on Wednesday.
Strapped together by tape and frayed ropes, wooden logs demarcate the mineshaft’s entrance, a hole in the ground no larger than a metre square. A young man nearby cranks a lever, kickstarting some generators. The steady hum of the machinery blends with the creaking of a pulley system, drowning out the sounds of the gentle breeze blowing through the mining site, located in Paracale, north Philippines.
A young man tied to a harness begins his descent down the pit and deep beneath the planet’s surface, his headlamp the only visible source of light. Upon reaching the bottom of the cramped mineshaft, he pulls out a small chisel and hammer and begins chipping away at the rock.
