Piedmont Lithium cuts 27% of workforce as prices plunge
Piedmont Lithium (NASDAQ: PLL; ASX: PLL) said on Tuesday it had laid off 27% of its workforce as a sharp downturn in the lithium market is forcing miners to cut…
United States
Gates, Bezos-backed KoBold says Zambia copper find largest in a century
KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, said on Monday its Mingomba asset in Zambia is the country’s largest copper deposit in a century and…
MP Materials and Lynas explore merger amid rare earth market woes: report
MP Materials (NYSE: MP) and Lynas Rare Earths (ASX: LYC), two leading producers of rare earth elements, could be considering a merger, the Australian Financial Review reported Friday. The Sydney-based publication suggests that…
Uranium Royalty cashes up to fund future deals
Uranium Royalty (TSX: URC; NASDAQ: UROY), the world’s only uranium-focused royalty and streaming company, is raising US$22.9 million to fund future royalty acquisitions as well as physical uranium purchases. The…
VRIC: Gold set to gain as shine comes off US dollar
Escalating U.S. debt and a global move away from the U.S. dollar as the world’s reserve currency presents opportunity for gold and a complex landscape for mining, a recent industry…
Top producers push for silver’s inclusion as a critical mineral in Canada and US
CEOs of 19 mining companies suggest a misconception about availability is why silver is not on Canada’s critical mineral list.
Lithium market transition comes with delays, layoffs and M&As — Wood Mac
The lithium market is being shaken-up by a sharp, sustained slump in prices and a demand slowdown, which has disrupted projects and forced miners to cut production and look for…
How LFP batteries brought EV metal markets back to earth
When Elon Musk first announced Tesla’s move to LFP (lithium iron phosphate) batteries in February 2020, many were skeptical. LFP didn’t seem to fit with Tesla’s luxury and sporty carmaker…
Lion Copper PEA outlines use of Nuton tech at Rio Tinto-backed project
Nevada-focused junior Lion Copper and Gold (TSXV: LEO; US-OTC: LCGMF) has released a preliminary economic assessment (PEA) for its Yerington copper project that envisions using Rio Tinto‘s (NYSE: RIO; LSE:…
Hecla Mining to speed up growth by expanding into Latin America
Hecla Mining (NYSE: HL), the largest silver producer in the United States, is looking to expand into Mexico, Peru and two other countries in Latin America to speed up growth…
Mining analyst-turned-Vital Metals CEO eyes much larger Nechalacho reboot
After spending the past 15 years as a senior mining analyst at Haywood Securities, Vital Metals’ (ASX: VML) CEO and managing director Geordie Mark is convinced that hitting a home…
Albemarle lays off 300 employees amid lithium price slump
Albemarle (NYSE: ALB), the world’s largest lithium producer, is said to have laid off more than 300 employees, or 4% of its total workforce, across its U.S. and global operations….