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Haynes International, Inc. Reports Second Quarter Fiscal 2024 Financial Results

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четверг, мая 9, 2024

IGT, Treasury, Capital, Research, Haynes International, CPI, Cobalt, Public expenditure, Exercise, Tax, Bank statement, Calendar, GAAP, Growth, Nickel, Holding company

This was partially offset by a higher interest cost component of nonoperating retirement benefit income in the second quarter of fiscal 2024 when compared to the second quarter of fiscal 2023.

Key Points:

This was partially offset by a higher interest cost component of nonoperating retirement benefit income in the second quarter of fiscal 2024 when compared to the second quarter of fiscal 2023.
Income tax expense in the second quarter of fiscal 2024 as a percentage of income before income taxes was 22.8% as compared to 21.0% in the second quarter of fiscal 2023.
Volume shipped in the second quarter of fiscal 2024 was 4.6 million pounds, which was 0.6% lower than the second quarter of fiscal 2023 and was 1.9% lower sequentially than the first quarter of fiscal 2024.
Gross profit margin was 17.7% in the second quarter of fiscal 2024 compared to 20.2% in the same period last year and 16.8% in the first quarter of fiscal 2024.

Canadian North Resources Files NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the Ferguson Lake Project in Nunavut, Canada

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понедельник, мая 6, 2024

Copper, NSR, Project, Rhodium, Silver, PGM, Metal, Resource, PD, Technical report, Mineral, Cobalt, Mineral Resources Limited, Gold, Platinum, Technical, National instrument, Palladium, CNRI, SRK, PGE, Note, Nickel

TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“Canadian North” or the “Company”) (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce that following the release of the Mineral Resource estimate on March 19, 2024, it has filed its National Instrument 43-101 Technical Report on its 100% owned Ferguson Lake base metal (nickel, copper, cobalt) and platinum-group metals (“PGM”, palladium and platinum) Project (“the Ferguson Lake Project” or “the Project”), entitled “Independent Technical Report on the Mineral Resource Estimate for the Ferguson Lake Project, Nunavut, Canada (“the Technical Report”)”, prepared by SRK Consulting and Ronacher McKenzie Geoscience Inc., effective March 19, 2024, on SEDAR at http://www.sedar+.com. The Technical Report has also been posted on the Company’s website at www.cnresources.com.

Key Points:

80% of the Indicated Mineral Resources are Open Pit comprising 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt.
The Mineral Resources are estimated only for the West, Central and East Zone of the 15km long main mineralized horizon.
The Mineral Resource model indicates potential for continued Mineral Resource expansion along strike and at depth over the mineralized horizon.
Table 1: Mineral Resource Statement*, Ferguson Lake Project, Nunavut, SRK Consulting (Canada) Inc., March 19, 2024
Mineral Resource Statement, Ferguson Lake Project, Canada.

Lyten Ships Lithium-Sulfur Battery A-Samples for Automotive, Consumer Electronics, and Military Customer Evaluation

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среда, мая 8, 2024

(Photo: Business Wire)

Key Points:

(Photo: Business Wire)
Lyten manufactures lithium-sulfur cells in both pouch and cylindrical formats (2170 and 18650) and is currently shipping the 6.5 Ah pouch cell format for customer evaluation.
Later this year, Lyten plans to deliver cylindrical A samples for evaluation.
“The world needs a practical, mass market battery, and that is what we are building with our lithium-sulfur technology,” stated Celina Mikolajczak, Chief Battery Technology Officer at Lyten.
Please go to www.lyten.com/contact-us/ to enquire about joining the waitlist for Lyten’s lithium-sulfur battery samples and spec sheet.

Infosys and ServiceNow Strengthen Strategic Collaboration to Transform Customer Experiences with Generative AI-powered Industry Solutions

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вторник, мая 7, 2024

Knowledge, ServiceNow, Carrier, Ecosystem, Investment, Service, AI, Collaboration, ESM, INFY, Senior, Cobalt, LAS, Global Partners, Organization

"Our longstanding collaboration with Infosys demonstrates the potential for our ecosystem to yield real, impactful results for customers.

Key Points:

"Our longstanding collaboration with Infosys demonstrates the potential for our ecosystem to yield real, impactful results for customers.
These solutions leverage generative AI to automate tasks, personalize experiences, and unlock new levels of efficiency and innovation for our clients."
In collaboration with ServiceNow, Infosys will develop new industry applications into the Infosys Enterprise Service Management (ESM) Café , the AI-powered plug-and-play solution which is already helping ServiceNow customers accelerate time to value.
Through this expanded collaboration, ServiceNow and Infosys will address critical business process challenges for enterprises across telecom, financial services, manufacturing, and retail.

US STRATEGIC METALS SIGNS CONTRACT WITH MISSOURI UNIVERSITY OF SCIENCE AND TECHNOLOGY FOR PRECURSOR CATHODE ACTIVE MATERIAL RESEARCH

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вторник, мая 7, 2024

Salt, University of Missouri, Element, Doctor of Philosophy, Research, S&T, Cobalt, PCAM, Natural Resources, Mining, CAM, Nickel, Lithium

ST. LOUIS, May 7, 2024 /PRNewswire/ -- US Strategic Metals ("USSM") and Missouri University of Science and Technology ("Missouri S&T") have signed a contract for USSM to support Missouri S&T's precursor cathode active material ("pCAM") research.

Key Points:

ST. LOUIS, May 7, 2024 /PRNewswire/ -- US Strategic Metals ("USSM") and Missouri University of Science and Technology ("Missouri S&T") have signed a contract for USSM to support Missouri S&T's precursor cathode active material ("pCAM") research.
PCAM is the precursor material to cathode active material ("CAM") made up of cobalt, nickel and other critical materials which are some of the main components of lithium-ion batteries.
Currently, most of the pCAM in the world is produced outside the United States.
This training will also include instruction on the laboratory parameters USSM has already implemented during its ongoing pCAM test program.

Sustainable Manufacturing Market worth $367.2 billion by 2029 - Exclusive Report by MarketsandMarkets™

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понедельник, мая 6, 2024

Recycled lithium-ion batteries are expected to grow in the sustainable manufacturing market due to environmental, economic, and regulatory factors.

Key Points:

Recycled lithium-ion batteries are expected to grow in the sustainable manufacturing market due to environmental, economic, and regulatory factors.
These factors and advancements in recycling technologies are propelling the growth of recycled lithium-ion batteries in the sustainable manufacturing market.
The major factors driving the growth of the sustainable manufacturing industry in Asia Pacific are advances in clean technology, renewable energy, and resource-efficient manufacturing processes enabling sustainable practices.
These initiatives are expected to unlock growth prospects for the sustainable manufacturing market by creating conducive environments for advancement.

Sustainable Manufacturing Market worth $367.2 billion by 2029 - Exclusive Report by MarketsandMarkets™

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понедельник, мая 6, 2024

Recycled lithium-ion batteries are expected to grow in the sustainable manufacturing market due to environmental, economic, and regulatory factors.

Key Points:

Recycled lithium-ion batteries are expected to grow in the sustainable manufacturing market due to environmental, economic, and regulatory factors.
These factors and advancements in recycling technologies are propelling the growth of recycled lithium-ion batteries in the sustainable manufacturing market.
The major factors driving the growth of the sustainable manufacturing industry in Asia Pacific are advances in clean technology, renewable energy, and resource-efficient manufacturing processes enabling sustainable practices.
These initiatives are expected to unlock growth prospects for the sustainable manufacturing market by creating conducive environments for advancement.

ION Storage Systems Commissions One of the Country's Largest Solid-State Battery Manufacturing Facilities

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понедельник, мая 6, 2024

SSB, University, DOE, Cell, ION, Safety, Research, Heart, MD, Primary energy, Growth, Cobalt, Money, Saint-Gobain, Inflation, Child, CREB, Temperature, Mining, Architecture, Defense, Nickel, Electric battery

Senator Chris Van Hollen, Congressman Glenn Ivey and others, ION Storage Systems (ION), a Maryland-based manufacturer of safe, high energy density, fast-charging solid-state batteries (SSBs) commissioned one of the largest SSB manufacturing facilities in the United States.

Key Points:

Senator Chris Van Hollen, Congressman Glenn Ivey and others, ION Storage Systems (ION), a Maryland-based manufacturer of safe, high energy density, fast-charging solid-state batteries (SSBs) commissioned one of the largest SSB manufacturing facilities in the United States.
Traditional Li-ION batteries simply haven't been up to the task," said Ricky Hanna, CEO of ION Storage Systems.
"As we transition to cleaner energy sources and reduce pollution, we need improved battery and energy storage technology.
"The commissioning of the state-of-the-art production facility in Beltsville is a great leap forward for ION Storage Systems in safe green battery technology.

Toyota and Argonne National Laboratory Investigate Recycling of Lithium-Ion Batteries

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вторник, апреля 30, 2024

Ecosystem, ANN, Argonne National Laboratory, Biophysical environment, Research, Manganese, Cobalt, Carbon, Development, Carbon footprint, CRADA, Toyota Motor North America, Recycling, Woven Planet Holdings, Nickel

ANN ARBOR, Mich., April 30, 2024 /PRNewswire/ -- Toyota Motor North America ('Toyota') announces that it has entered a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy's Argonne National Laboratory to investigate the development of a direct recycling process for lithium-ion batteries, which are prevalent in new electric vehicles. The focus of the research will be on cathode chemistries made of nickel, manganese, and cobalt.

Key Points:

ANN ARBOR, Mich., April 30, 2024 /PRNewswire/ -- Toyota Motor North America ('Toyota') announces that it has entered a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy's Argonne National Laboratory to investigate the development of a direct recycling process for lithium-ion batteries, which are prevalent in new electric vehicles.
For the project, Toyota will provide Argonne with both end-of-life and new Toyota batteries.
Argonne will adapt and test its patent-pending direct recycling process with the batteries.
The collaborative project with Argonne is part of Toyota's pursuit of designing a closed-loop battery ecosystem aimed at maximizing sustainability.

ECOPRO BM has taken a license from CAMX POWER to the latest GEMX® platform of cathode active material for lithium-ion batteries

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вторник, апреля 30, 2024

Invention, EVS, Umicore, L&F, Cobalt, CAMX, Aluminium, Samsung, Electric battery

The GEMX® platform is based on fundamental inventions of CAMX for which more than 30 patents have been granted globally, including the US, EU, Korea, Japan and China.

Key Points:

The GEMX® platform is based on fundamental inventions of CAMX for which more than 30 patents have been granted globally, including the US, EU, Korea, Japan and China.
Only a handful of companies across the globe can and do supply this critical material, with ECOPRO BM being a major one.
CAMX is privileged that ECOPRO BM has added the GEMX platform to its portfolio of battery technology choices," said Dr. Kenan Sahin, Founder and President of CAMX.
"With ECOPRO BM joining Umicore, L&F, LGES, EV Metals, and Samsung SDI as licensees of GEMX, this multi-product cathode platform becomes more central to cathodes.