Rio Tinto said on Wednesday that it will acquire Arcadium Lithium in an all-cash transaction, valuing the latter at $6.7 billion.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has been granted an operating permit for the Ewoyaa project in Ghana, its final regulatory approval in the permitting process. The award, from the Minerals Commission of Ghana, clears the way for the construction of the mine at Ewoyaa, the company said in a statement and is an important milestone towards the Final Investment Decision, Atlantic is still awaiting ratification of the mining lease at Ewoyya from Ghana's parliament, which it said resumes sitting on 15 October 2024.
Confirmation of a buyout offer from Rio Tinto just spurred massive gains for Arcadium Lithium stock.
RIO confirms that it is in discussions to acquire Arcadium Lithium in a bid to grow its lithium portfolio.
Rio Tinto, a global mining giant, has reportedly engaged in preliminary talks to acquire Arcadium Lithium Plc. Arcadium confirms these discussions are informal, and it remains uncertain whether a deal will occur.
Following speculation on October 5th that Rio Tinto (RIO, Financial) was considering acquisition of two lithium producers; Albemarle (ALB, Financial) and Arcadium Lithium (ALTM, Financial), Arcadium Lithium confirmed receiving a non-binding approach from Rio Tinto on October 6th. However, as PRNewswire conveyed, Arcadium emphasized that there are no further official comments until there is news to share.
Arcadium Lithium (ALTM) shares surged 30% in premarket trading Monday after it confirmed that it has been approached by mining giant Rio Tinto (RIO) about an acquisition.
TORONTO, ON / ACCESSWIRE / October 7, 2024 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to announce results from multiple lepidolite and spodumene-bearing pegmatite outcrops within the western claim block at its 100% owned Éléonore South gold project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The outcrop sampling program targeted the historical Fliszar showing lepidolite bearing pegmatite as well as new rock exposures over an area of approximately 1000 x 500 metres (m) resulting in the collection of 34 samples (Figure 1).
Metals and mining company Rio Tinto is looking to move into lithium as it gears up for the green energy transition.
Global mining giant Rio Tinto PLC has expressed interest in buying Arcadium Lithium PLC, both companies confirmed Sunday.
Mining giant Rio Tinto is negotiating the acquisition of Arcadium, a lithium producer listed on the New York Stock Exchange. This move represents Rio Tinto's latest effort to strengthen its position in the rapidly growing lithium market.
Lithium miner Arcadium on Sunday confirmed that global mining giant Rio Tinto, has approached it regarding a potential acquisition.