Articles for tag: Chengxin, deal, Minerals, offtake, Pilbara, Upgrades

February 7, 2024

Ron Finklestien

mining

Pilbara Minerals Strikes New Offtake Deal with Chengxin Pilbara Minerals Strikes New Offtake Deal with Chengxin

Adding a new page to its expanding business, Pilbara Minerals has emerged triumphant in developing and securing an upgraded off-take deal with Chengxin. The revised agreement spans a hearty schedule, encompassing sales of 85,000 tonnes in calendar 2024, followed by 150,000 tonnes in both 2025 and 2026, greatly expanding and prolonging the deal until 2026, the miner cheerily announced. The sales to Chengxin, a key supplier to renowned companies such as Hyundai Motor, CATL, BYD and LG Chemical, will be conducted based on the prevailing market price, congruent with the existing agreement, the Australian miner revealed, brimming with optimism. Not

January 30, 2024

Ron Finklestien

mining

Canadian Copper Takes the Reins at Murray Brook with Offtake Agreement and Credit Facility

Canadian Copper has made significant strides in its quest for dominance at the Murray Brook copper-zinc deposit in New Brunswick’s Bathurst camp, securing a 28% interest from Metalquest Mining (TSXV: MQM). The company’s ambition to claim full ownership materialized further when it initiated acquisition talks to buy out 72% majority owner Votorantim Metals Canada. Upon the completion of the title transfer, Murray Brook will fall entirely under the wing of Canadian Copper. In a pivotal move, Canadian Copper has inked an offtake agreement with Ocean Partners, solidifying its market presence. The deal dictates that Ocean Partners will purchase a minimum

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