02 August 2023
02 August 2023
New contracts in the metals and mining sector reached $10bn in the first half of 2023.
Perseverance will issue 20% of its equity ownership to Altius and Bitterroot to earn a stake in the project.
The expansion project aims to boost the mine’s copper concentrate production from 700,00 tonnes per annum (tpa) currently to 830,000tpa.
Rio will have an option to invest $7.5m in two stages to earn up to 75% in the licence to explore lithium.
According to reports, talks with potential buyers of Exxon’s future lithium supplies are still in the early stages.
The stage two mining proposal allows the company to start mining from the Whim Creek pit, and the installation of the concentrator and the in-pit tailings storage facility.
Albemarle will own 4.9% of issued and outstanding common shares in Patriot Battery Metals.
The Kabu and Mantino groups agreed to support the development of Serabi’s Coringa gold project.
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