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Global Energy Metals buys cobalt project near Tesla gigafactory

Global Energy Metals buys cobalt project near Tesla gigafactory

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...

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China Moly ups stake in giant Tenke copper mine to 80%

China Moly ups stake in giant Tenke copper mine to 80%

China 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...

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Ford to lead blockchain pilot that traces cobalt mined in Congo

Ford to lead blockchain pilot that traces cobalt mined in Congo

Automaker 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...

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Canada’s Cobalt 27 goes after lithium with royalty acquisition

Canada’s Cobalt 27 goes after lithium with royalty acquisition

Canada’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...

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Blackwater founder launches fund to invest in electric car battery metals

Blackwater founder launches fund to invest in electric car battery metals

Blackwater 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...

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China’s GEM signs five-year battery material supply deal with ECOPRO

China’s GEM signs five-year battery material supply deal with ECOPRO

Chinese 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...

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ePower Metals buys Magenta cobalt project in Mexico

ePower Metals buys Magenta cobalt project in Mexico

ePower 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...

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Explorex Resources begins drilling for cobalt in Canada’s New Brunswick

Explorex Resources begins drilling for cobalt in Canada’s New Brunswick

Canadian 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...

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BMW joins project to improve conditions for cobalt mining in Congo

BMW joins project to improve conditions for cobalt mining in Congo

German 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...

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M2 Cobalt advances exploration at Uganda mine

M2 Cobalt advances exploration at Uganda mine

M2 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...

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Miners’ spending on hunt for copper, EV metals hits $10 billion

Miners’ spending on hunt for copper, EV metals hits $10 billion

Exploration 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...

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