Rumors of a sale to a strategic investor became reality rather quickly.
Not all lithium stocks are created equal.
Tantalex Lithium Resources (CSE:TTX, OTC:TTLXF) has announced the successful closing of the second tranche of its private placement, raising US$250,000 (C$341,425). It issued an aggregate of 13,086,088 shares at $0.035 per share.
VANCOUVER, BC / ACCESSWIRE / October 10, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide the following update on its royalty portfolio.
Companies enter into a Memorandum of Understanding (MOU) to develop a commercial partnership ReElement will utilize its proprietary technology for lithium conversion and production of battery-grade lithium carbonate from concentrated spodumene ore produced from IRIS Metals FISHERS, IN / ACCESSWIRE / October 10, 2024 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company") announced today that its wholly owned subsidiary, ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining capacity for rare earth and critical battery elements, has signed a Memorandum of Understanding (MOU) with IRIS Metals Limited ("IRIS") for downstream lithium conversion and the production of battery grade lithium carbonate equivalent (LCE). The MOU follows the successful production of 6% spodumene concentrate (SC6) from IRIS Metals' flagship Beecher Lithium Project in the Black Hills of South Dakotaandrelates to potential future spodumene concentrate production.
Rio Tinto just sounded the all-clear for lithium investors. The price of lithium just hit bottom.
Shares of Arcadium Lithium (ALTM) are soaring in premarket trading Wednesday, after Rio Tinto (RIO) announced plans to acquire the lithium miner for $5.85 per share in an all-cash deal.
Lithium is a key component in electric-vehicle batteries and Rio is diversifying away from its core products to prepare for the energy transition.
Rio Tinto said the deal would be an all-cash transaction for $5.85 per share, representing a premium of 90% to Arcadium's Oct. 4 closing price of $3.08 per share. Arcadium Lithium's market value currently stands at $4.56 billion, according to LSEG data, with shares rallying 37% so far this week.
Rio Tinto on Wednesday struck a deal to acquire Arcadium Lithium for $6.7 billion, as the global miner extends its operations in another commodity needed for the energy transaction.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF)has agreed terms to acquire US-listed Arcadium Lithium in an all-cash deal worth US$5.85 per share or US$6.7 billion (£5.1 billion) in total. Flagged at the weekend when talks were confirmed, Rio said the deal brings into the business a world-class, complementary lithium producer and establishes it as a global leader in energy transition commodities “from aluminium and copper to high-grade iron ore and lithium”.
Mining giant Rio Tinto has announced a definitive agreement to acquire the American lithium company, Arcadium Lithium, through an all-cash transaction valued at $6.7 billion. Rio Tinto will purchase Arcadium Lithium at a price of $5.85 per share, representing a 90% premium over Arcadium's closing price of $3.08 on October 4th.