In its quest to become a niche supplier of cobalt, Global Energy Metals (GEMC:TSX.V) announced it has signed an agreement with Nevada Sunrise Gold Corp to acquire an 85% interest in the Lovelock cobalt mine and the Treasure Box project, located...
Read moreChina Molybdenum, which bought the giant Tenke Fungurume copper and cobalt mine from Freeport-McMoRan in 2016, is buying a holding company for $1.14 billion that will give it an 80%-stake in Democratic Republic of Congo’s operation. The Chinese...
Read moreAutomaker Ford has partnered up with IBM, South Korean battery maker LG Chem and China’s largest cobalt producer Huayou Cobalt to test the first blockchain project to trace supplies of the metal from Democratic Republic of Congo (DRC). The...
Read moreCanada’s Cobalt 27 Capital (TSXV: KBLT)(OTCQX: CBLLF)(FRA: 27O) is tapping into the lithium sector by acquiring a royalty of 1.5% of gross revenues and A$2 per tonne of ore mined at the Mount Marion lithium project in Western Australia, the...
Read moreBlackwater founder Erik Prince aims to raise as much as $500 million to invest in metals needed for making the batteries that power electric vehicles (EVs), the Financial Times reports. Prince, who besides starting the controversial private...
Read moreChinese battery firm GEM Co Ltd will supply 170,000 tonnes of raw materials to South Korean battery maker ECOPRO Co Ltd from 2019 to 2023, its latest effort to win a bigger share of the booming power cell market. GEM signed a memorandum of...
Read moreePower Metals (TSXV: EPWR) announced it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta cobalt project from Bowering Projects. The Magenta project is located in Sinaloa, northwestern Mexico, and...
Read moreCanadian junior miner Explorex Resources (CSE:EX) (OTC:EXPXF) said Monday that crews had been mobilized to initiate the maiden drill program at its cobalt-manganese base metals Kagoot Brook project, located in New Brunswick, Atlantic Canada. The...
Read moreGerman carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency. Carmakers seeking to boost sales of...
Read moreM2 Cobalt (TSXV: MC) has announced it is moving forward with the development of its Bujagali mine in south-central Uganda. In a media statement, the Vancouver-based junior said it commenced drilling at its Bombo and Bombo NW targets. The campaign...
Read moreExploration spending in the mining sector rose for a second year to near $10 billion as the industry makes a cautious shift to growth and prepares for forecast booming demand for copper and metals used in electric vehicle batteries, according to...
Read moreA Chinese deep-sea exploration vessel has returned to port in Guangdong after collecting samples of so-called cobalt-bearing crusts during a 138-day survey in the west Pacific, China’s official Xinhua news agency reported on Sunday. Cobalt...
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