19 December 2024
19 December 2024
The top ten notable deals in the global mining sector in 2024 ranged from $800m to $10.6bn in value.
The partnership will involve an initial contribution of $245m (Y38.45bn) from Nippon Steel and Sojitz for a 49% stake in the project.
The country plans to launch a commercial pilot programme for direct extraction soon.
The agreement aims to establish a long-term offtake partnership between Victory and Sumitomo.
The deal includes an offtake agreement with PowerCo, Volkswagen's battery manufacturer, for the supply of spodumene concentrate.
The acquisition, subject to due diligence, is set to enhance Auric Mining's operational capabilities.
The funding will support the expansion of lithium-sulphur battery manufacturing in Silicon Valley, California, and Reno, Nevada.
This clearance represents the last regulatory step needed to complete the court-approved arrangement under the Canada Business Corporation Act.
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