04 February 2025
04 February 2025
Lithium prices experienced a significant downturn in 2023 and 2024, primarily driven by a combination of increased supply and weaker-than-expected EV demand.
The agreement includes a 25-year extension of Debswana’s mining licences to 2054.
The acquisition is expected to close on 14 February 2025.
The partnership aims to bolster US and allies' security by securing gallium for semiconductors, radar and aerospace.
This move expands Jennmar’s presence in the European market and aligns with its strategy to strengthen its position within the global mining industry.
The deal secures 20,000tpa of lithium carbonate from Stardust Power’s first production line in Oklahoma, US.
The agreement sets a framework for collaboration to ready the project for production.
The funding will be raised through a combination of a public offering and a concurrent private placement.
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