Boss Mining is expected to have average production of 1,800t of copper cathode and 300t of cobalt hydroxide a month.
The two parties intend to jointly work on advancing exploration activity in the Ring of Fire, northern Ontario.
Equinox Gold’s interest in Canadian firm Solaris Gold has been reduced to less than 10%.
The acquisition is expected to increase Askari Metals’ footprint of the Uis Lithium Project to an area of 308.12km².
Glencore will receive up to 100% of ACE’s products from four lead-acid and lithium-ion battery recycling parks.
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The three companies will fund and support innovators seeking to eliminate, minimise, find value in or reuse mines’ tailings.
As per the non-binding terms sheet, NTEC will manage all permitting and contract mining services for the Big Sandy project.