Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Battery metals
Honda invests $15 billion in Ontario auto plants
Honda Motor is spending about $15 billion in Ontario to build four new vehicle and battery plants, the company and Prime Minister Justin Trudeau said on Thursday. Honda is to…
Rio Tinto, Eramet submit plans to develop lithium extraction tech in Chile
Miners Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Eramet, along with battery maker LG Energy, are among 30 companies from 12 countries that have presented plans to develop…
Dubai firm to invest US$550M in Argentinian lithium project
United Mining Projects Corporation, through Marhen Lithium, wants to develop the Rio Grande Sur lithium brine salar project in Catamarca.
Federal budget backs Indigenous mine projects with $5B while hiking capital gains tax for investors
Canada’s new federal budget contained several measures impacting the mining industry including loan guarantees for Indigenous projects, increases in the capital gains tax and credits from mines to manufacturing for…
Patriot Battery’s Corvette inches forward on permitting
Patriot Battery Metals (TSX: PMET; ASX: PMT) has received the guidance it needs to prepare a key document needed for permitting its Corvette lithium project in Quebec. On Tuesday afternoon,…
Canada Nickel starts working on Crawford, eyes 2027 production
Canada Nickel (TSX-V: CNC) has kicked off front end engineering design (FEED) at its flagship Crawford nickel project in northern Ontario, which it expects to bring into production in 2027. Ausenco…
CleanTech Lithium suspends CEO on shares-backed loan
Chile-focused explorer and developer CleanTech Lithium (LSE: CTL) has suspended its CEO, Aldo Boitano, pending an investigation into a loan he entered into with an unnamed lender. The company said…
Graphjet Technology to build agricultural waste-to-graphite plant in Nevada
Malaysia-headquartered Graphjet Technology says it plans to build a commercial artificial graphite production facility in Nevada. The company develops technologies to produce graphite and graphene directly from agricultural waste. This…
Proponents see northern Ontario’s Ring of Fire opposition melting like ice roads
Construction timelines remain fuzzy but proponents are still optimistic two and half years into studying roads to serve the Ring of Fire critical minerals region in northern Ontario. Three all-season…
Glencore backs EVelution Energy’s cobalt plant plans
Mining and commodities trader giant Glencore (LSE: GLEN) has agreed to supply up to 7,000 tonnes of contained cobalt per year to U.S.-based EVelution Energy as a way to support…
Tesla can’t dodge activist shareholder proposal on deep-sea mining: SEC
The U.S. Securities and Exchange Commission has cleared the way for an activist proposal on sea-floor mining to be considered at Tesla’s upcoming annual general meeting. The SEC rejected a…