Articles for tag: asset, Australian, buy, Codelco, firm, lithium, secures

January 23, 2024

Ron Finklestien

mining

Codelco’s Strategic Move into Lithium Market Codelco’s Strategic Move into Lithium Market

The Maricunga project, located within the so-called lithium triangle in northern Chile, is estimated to contain about 1.9 million tonnes of lithium carbonate equivalent (LCE). The transaction, which now only needs the Federal Court of Australia’s backing, is expected to conclude on Feb. 23, Codelco said. Chairman Máximo Pacheco expressed enthusiasm about the purchase, stating, “With this purchase, Codelco moves forward with its mandate of becoming leaders in the production of critical minerals for the energy transition.” Chile gave the copper giant a key role in the new public-private model for the sector, announced in April last year, which calls

January 10, 2024

Ron Finklestien

mining

Manganese X Energy Seals MOU with US Battery Tech Firm for Potential Offtake Deal Manganese X Energy Seals MOU with US Battery Tech Firm for Potential Offtake Deal

Photo of the sample being pre-qualified by C4V. Credit: Manganese X EnergyThe signing of the memorandum of understanding (MOU) between Manganese X Energy and US-based battery technology firm C4V marks a significant milestone for the former’s mission to establish itself as a sustainable and dependable North American supplier of high-purity manganese for electric vehicle (EV) batteries. The MOU could potentially pave the way for a global supply agreement. Manganese X Energy’s proprietary manganese purification technology, utilized in the pilot plant project at its Battery Hill property, aims to produce EV-compliant high-purity manganese sulfate monohydrate (HPMSM), serving as a precursor to