Galaxy Resources

Pair of Rejected Bids Show Mining Giants Can't Easily Acquire Critical Battery Metals Assets

Retrieved on:

Friday, April 26, 2024

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) (TSX:TECK-B) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining giant Rio Tinto Group (NYSE:RIO) is rumored to be on the prowl for more lithium assets after already buying a lithium mine for $825 million in Argentina, in the same province (Salta) as Lithium South Development Corporation's (TSXV:LIS) (OTC:LISMF) Hombre Muerto North Lithium project (HMN Li Project).

Key Points:

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets.
Throughout this 2023 resource program to date, Lithium South has received excellent lithium values from all holes completed to date.
I think it would, personally, be a pity if we lost another of our major international players in the mining industry."
Late in 2022, Glencore had expressed its intent to add lithium to the suite of metals that it trades, citing the raw material's hot demand.

Pair of Rejected Bids Show Mining Giants Can't Easily Acquire Critical Battery Metals Assets

Retrieved on:

Friday, April 26, 2024

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) (TSX:TECK-B) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining giant Rio Tinto Group (NYSE:RIO) is rumored to be on the prowl for more lithium assets after already buying a lithium mine for $825 million in Argentina, in the same province (Salta) as Lithium South Development Corporation's (TSXV:LIS) (OTC:LISMF) Hombre Muerto North Lithium project (HMN Li Project).

Key Points:

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets.
Throughout this 2023 resource program to date, Lithium South has received excellent lithium values from all holes completed to date.
I think it would, personally, be a pity if we lost another of our major international players in the mining industry."
Late in 2022, Glencore had expressed its intent to add lithium to the suite of metals that it trades, citing the raw material's hot demand.

Despite Record EV Production Numbers, Shortage of Battery Metals Looms

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Monday, April 22, 2024

VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand. To get there, many battery metals projects continue to be developed, including those from Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Albemarle Corporation (NYSE:ALB), and even Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B).

Key Points:

The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously.
Despite Tesla reporting record Q1 2023 deliveries , Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand.
It was in July 2022 that Ford announced it was going to buy lithium from ioneer for its US EV battery plant.
"Helping unlock lithium in the U.S. will help us support localized production of battery cells going forward," said Drake.

Despite Record EV Production Numbers, Shortage of Battery Metals Looms

Retrieved on:

Monday, April 22, 2024

VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand. To get there, many battery metals projects continue to be developed, including those from Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Albemarle Corporation (NYSE:ALB), and even Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B).

Key Points:

The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously.
Despite Tesla reporting record Q1 2023 deliveries , Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand.
It was in July 2022 that Ford announced it was going to buy lithium from ioneer for its US EV battery plant.
"Helping unlock lithium in the U.S. will help us support localized production of battery cells going forward," said Drake.

Renowned Lithium Executive Brian Talbot to Join Atlas Lithium as Chief Operating Officer and Director

Retrieved on:

Thursday, March 21, 2024

Lithium, Culture, Atlas, University, Ravensthorpe, Galaxy Resources, Galaxy, Chemical engineering, Creativity, Mining

Mr. Talbot is a renowned lithium sector executive with extensive development and operational expertise.

Key Points:

Mr. Talbot is a renowned lithium sector executive with extensive development and operational expertise.
Most recently, Mr. Talbot was founder and director of RTEK International DMCC, a consulting firm that advises lithium developers and producers.
From July 2022 to September 2023, Mr. Talbot was the Chief Operating Officer at Sigma Lithium Corporation ("Sigma Lithium"), a Canadian lithium producer with operations in Brazil.
"When speaking with global lithium investors, Brian Talbot is a name that is clearly revered as a ticket for success.

Atlas Lithium Fully Funded to First Production in 2024

Retrieved on:

Monday, December 4, 2023

- With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.

Key Points:

- With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.
Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce full funding for its early revenue strategy designed to allow the Company to be in production in Q4 2024.
Atlas Lithium has estimated the total Phase 1 capital expenditures ("CAPEX") to be US$ 49.5 million for the implementation of mining and production of spodumene concentrate at its lithium project in Brazil's Lithium Valley.
The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal.

Atlas Lithium Secures US$ 20,000,000 Investment from Lithium Investors Including Lead Advisor Martin Rowley

Retrieved on:

Wednesday, November 8, 2023

Lithium, Copper, Atlas, First Quantum Minerals, Mining, Galaxy Resources, Growth, Investment, Security (finance), Environment

Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.

Key Points:

Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.
Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium.
Atlas Lithium was offered and has entered into an agreement that establishes a US$ 20,000,000 three-year unsecured convertible note led by Mr. Rowley along with other experienced lithium investors (the "Investment").
However, the biggest benefit is to have the expertise of astute lithium investors, including Mr. Martin Rowley, aligned with our strategy."

Atlas Lithium Fully Funded to First Production in 2024

Retrieved on:

Monday, December 4, 2023

With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.

Key Points:

With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.
Boca Raton, Florida--(Newsfile Corp. - December 4, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce full funding for its early revenue strategy designed to allow the Company to be in production in Q4 2024.
Atlas Lithium has estimated the total Phase 1 capital expenditures ("CAPEX") to be US$ 49.5 million for the implementation of mining and production of spodumene concentrate at its lithium project in Brazil's Lithium Valley.
The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal.

Atlas Lithium Secures US$ 20,000,000 Investment from Lithium Investors Including Lead Advisor Martin Rowley

Retrieved on:

Wednesday, November 8, 2023

Lithium, Security (finance), Mining, Investment, Copper, First Quantum Minerals, Environment, Growth, Galaxy Resources, Atlas, Galaxy

Boca Raton, Florida--(Newsfile Corp. - November 8, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium. In 1996, Mr. Rowley co-founded First Quantum Minerals Ltd., one of the largest copper companies in the world. In 2009, he recognized the potential of lithium and became Chairman of Lithium One Inc., and later Chairman of Galaxy Resources Ltd. after it merged with Lithium One. Mr. Rowley led significant growth in Galaxy, ultimately resulting in the merger with Orocobre Ltd. in 2021 which created global lithium producer Allkem Ltd. He retired as Chairman of Allkem in November 2022.

Key Points:

Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.
Boca Raton, Florida--(Newsfile Corp. - November 8, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium.
Atlas Lithium was offered and has entered into an agreement that establishes a US$ 20,000,000 three-year unsecured convertible note led by Mr. Rowley along with other experienced lithium investors (the "Investment").
However, the biggest benefit is to have the expertise of astute lithium investors, including Mr. Martin Rowley, aligned with our strategy."

Atlas Lithium Announces Investments from Strategic Parties to Advance Its Lithium Project

Retrieved on:

Monday, July 24, 2023

Lithium, Galaxy, Galaxy Resources, Atlas, Bangladesh Securities and Exchange Commission, Name, Sumathi Best Television Current Reporting Award, Growth, Security (finance), Sal, Allkem

One of the investors is Mr. Martin Rowley, recently retired Chairman of Allkem Limited, a well-known lithium company with market capitalization of approximately US$ 7 billion.

Key Points:

One of the investors is Mr. Martin Rowley, recently retired Chairman of Allkem Limited, a well-known lithium company with market capitalization of approximately US$ 7 billion.
The capital raised will be utilized in advancing Atlas Lithium's 100%-owned Neves Project in Brazil's Lithium Valley, a well-regarded mining district for hard-rock lithium.
Marc Fogassa, Atlas Lithium's CEO and Chairman, commented, "Mr. Rowley is one of the most distinguished names in the lithium space.
Atlas Lithium is most fortunate to have earned their interest as we rapidly advance our project."