Manganese

Galera Reports Fourth Quarter and Full Year 2023 Financial Results and Recent Corporate Updates

Retrieved on: 
Thursday, March 28, 2024
Research, HNC, Symantec Endpoint Protection, Head, Type, Manganese, Chronic kidney disease, Incidence, ASN, CKD, New Drug Application, LAPC, Patient, Layoff, CRL, NDA, Cancer, Galera, Workforce, Pancreatic cancer, Clinical trial, Cisplatin, Society, Therapy, GRECO, File, Food, SOM, FDA, PDUFA, Pharmaceutical industry

We are continuing to explore strategic options to maximize value to our shareholders, including a potential development path for avasopasem.

Key Points: 
  • We are continuing to explore strategic options to maximize value to our shareholders, including a potential development path for avasopasem.
  • The Prescription Drug User Fee Act (PDUFA) target date assigned by the FDA for the NDA was August 9, 2023.
  • Research and development expenses were $3.2 million in the fourth quarter of 2023, compared to $8.1 million for the same period in 2022.
  • General and administrative expenses were $2.0 million in the fourth quarter of 2023, compared to $5.0 million for the same period in 2022.

TMC Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 25, 2024
Letter, The Metals Company, Exercise, UNCLOS, Environmental issues, Domestic, International Seabed Authority, Breakthrough, The Hidden Gem, Council, Memorandum of understanding, Representative, Legislation, ISA, Mining Code, Seabed, Manganese, Hand, Senate, State, CCZ, Hidden, National security, Research, LTIP, House, Louisiana House of Representatives, Pentagon, Engineering, Government, TMC, National Defense Authorization Act, EDT, Nickel, Sea, Bangladesh Technical Education Board, Ecosystem, Data, Collection, Total

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.

Key Points: 
  • NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.
  • Meanwhile, two new applications for deep-sea mineral exploration have recently been submitted to the ISA by the government of India.
  • Exploration and evaluation expenses during the quarter ended December 31, 2023 were $26.7 million compared to $81.8 million for the quarter ended December 31, 2022.
  • We will hold a conference call today at 4:30 p.m. EDT to provide an update on recent corporate developments, fourth quarter and full year 2023 financial results and upcoming milestones.

Euro Manganese Welcomes the European Union’s Final Approval of the Critical Raw Materials Act

Retrieved on: 
Sunday, March 24, 2024
Manganese, Project, Biophysical environment, Recycling, Act, ASX, EMN, Social impact assessment, CRMA, Council, The Act, Rare-earth element

The Council of the European Union has given final approval to the Critical Raw Materials Act.

Key Points: 
  • The Council of the European Union has given final approval to the Critical Raw Materials Act.
  • A statement from the Council outlined this approval as the final stage in the process of formally implementing the Act.
  • High-purity manganese (battery grade) listed as a strategic raw material, and manganese listed as a critical raw material.
  • Dr. Matthew James, President & CEO of Euro Manganese, commented:
    “We are pleased to see the EU’s approval of the Critical Raw Materials Act and view this as a key milestone towards securing access to critical raw materials to support the energy transition.

ArcelorMittal S.A.: ArcelorMittal announces Kleber Silva to be new CEO of ArcelorMittal Mining

Retrieved on: 
Tuesday, March 19, 2024
ArcelorMittal, Head, Manganese, Titanium, Growth, ESG, Metal, Nickel, Lithium, Iron, Safety, UFOP, MBR, Eramet, Mining

ArcelorMittal, the world’s leading steel and mining company, today announces that Kleber Silva is nominated Executive Vice President of ArcelorMittal and appointed as Chief Executive Officer of ArcelorMittal Mining, effective 08 April 2024.

Key Points: 
  • ArcelorMittal, the world’s leading steel and mining company, today announces that Kleber Silva is nominated Executive Vice President of ArcelorMittal and appointed as Chief Executive Officer of ArcelorMittal Mining, effective 08 April 2024.
  • Kleber will report to Aditya Mittal, Chief Executive Officer of ArcelorMittal and he will be a member of the Group Management Committee.
  • ArcelorMittal would like to take this opportunity to thank Stefan for his significant contribution to ArcelorMittal.
  • I am also delighted Kleber is returning to ArcelorMittal – he is a capable and accomplished leader who knows the mining industry and ArcelorMittal very well.

TMC Applauds ~350 Former U.S. Political and Military Leaders Urging Senate to Ratify Law of the Sea for Deep-Sea Mine Sites "Each Containing a Trillion Dollars in Value"

Retrieved on: 
Thursday, March 14, 2024
ISA, Congress, Letter, Manganese, University, UNCLOS, Assistant, Manufacturing, TMC, National security, Committee, Copper, Metal, Nickel, Council, OPC, Foreign, Aircraft, Defense, Government, Cobalt, Policy, State, United Nations Convention, Mining

UNCLOS ratification remains a legislative uncertainty for the U.S., but the country can still potentially process and refine nodules through allied countries and contractors, and TMC’s offshore exploration and onshore processing campaigns have involved a wide array of American companies and universities.

Key Points: 
  • UNCLOS ratification remains a legislative uncertainty for the U.S., but the country can still potentially process and refine nodules through allied countries and contractors, and TMC’s offshore exploration and onshore processing campaigns have involved a wide array of American companies and universities.
  • The letter , which follows this week’s introduction of the Responsible Use of Seafloor Resources Act (RUSRA) in Congress, was signed by around 189 American ambassadors, 73 generals, 50 admirals, four directors of national intelligence and scores of other distinguished supporters.
  • Although the U.S. has yet to ratify UNCLOS — a legislative step that would enable it to access the vast, untapped critical minerals found in seafloor nodules in international waters — it can still process and refine critical minerals extracted from polymetallic nodules collected in international waters.
  • In December 2023, President Biden signed the National Defense Authorization Act, through which the House Armed Services Committee directed the Assistant Secretary of Defense for Industrial Base Policy to submit a report to the Committee to assess “the processing of seabed resources of polymetallic nodules domestically.”

TMC Commends U.S. Congress on Bill to “Provide Financial, Diplomatic, or Other Forms of Support for Seafloor Nodule Collection, Processing and Refining” and Advancing International Regulations for Seafloor Resources

Retrieved on: 
Wednesday, March 13, 2024
Odyssey, House, Congress, Manganese, The Metals Company, Recycling, TMC, ESG, Metal, Economic development, Mineral, Seabed, Nickel, Bangladesh Technical Education Board, Breakthrough Institute, Legislation, Collection, Inflation, Pentagon, Representative, Cobalt, Rare-earth element

The bill is endorsed by a coalition of leaders across the offshore energy industry, marine mineral exploration, and global research centers.

Key Points: 
  • The bill is endorsed by a coalition of leaders across the offshore energy industry, marine mineral exploration, and global research centers.
  • Additionally, we eagerly await the forthcoming Pentagon report on nodules as directed by the House Armed Services Committee.
  • The Pentagon’s ability and willingness to support a feasibility study for a domestic refinery could help establish mineral independence for the U.S. in nickel, cobalt and manganese.
  • The newly introduced Responsible Use of Seafloor Resources Act aims to ready the United States for the commercial availability of seafloor nodules, an abundant source of critical minerals.

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

Retrieved on: 
Tuesday, April 2, 2024
Technology, General Automotive, EV, Electric Vehicles, Other Energy, Automotive, Batteries, Alternative Energy, Energy, Environment, Mining, Minerals, Public Relations, Investor Relations, Sustainability, Communications, Natural Resources, DRC, IRA, Letter, Manganese, Copper, ERG, Metal, Carbon, Nickel, Graphite, Lithium, LG Energy Solution, Multimedia, Cobalt, Democratic republic

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.
  • (“ERG”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery.
  • The agreement, effective April 1, 2024, supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners.
  • Electra and ERG are exploring further collaboration to de-risk the construction of another cobalt refinery in the Bécancour, Quebec district.

Li-Cycle Provides Business Update, Following Announcement of $75 Million Investment from Glencore

Retrieved on: 
Monday, March 18, 2024
Natural Resources, Batteries, Environment, Alternative Energy, Energy, Technology, Green Technology, Mining, Minerals, EV, Manganese, Recycling, Committee, Partnership, Form, Webcast, PIK, Sale, Nickel, CPP, LON, Lithium carbonate, Engineering, Lithium, Spoke, Workforce, CTC, DOE, Cobalt, MHP

We also continue to work closely with the DOE on the conditional commitment for a loan of up to $375 million.

Key Points: 
  • We also continue to work closely with the DOE on the conditional commitment for a loan of up to $375 million.
  • This demonstrates Glencore’s continued endorsement of Li-Cycle’s Spoke & Hub model, patented recycling technology, and development plans for the Rochester Hub.
  • Glencore’s $75 million investment represents an interim step in Li-Cycle’s funding strategy to support the Company’s future plans.
  • The Glencore $75 million investment is expected to close on or about March 25, 2024, subject to customary closing conditions.

Lyten Achieves Manufacturing Milestone; Now Producing Lithium-Sulfur Batteries At Greater Than 90% Yield

Retrieved on: 
Tuesday, March 12, 2024
Automotive Manufacturing, EV, Electric Vehicles, Consumer Electronics, Automotive, Technology, Manufacturing, Other Transport, Batteries, Transport, General Automotive, Engineering, Health, Manganese, Entrepreneurship, Environment, NMP, Risk, LFP, Graphite, Lithium, Safety, Multimedia, Government, Cobalt, NMC

View the full release here: https://www.businesswire.com/news/home/20240312784103/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240312784103/en/
    The lithium-sulfur manufacturing performance has been achieved utilizing standard lithium-ion manufacturing equipment and processes.
  • The conversion of lithium-ion equipment to produce lithium-sulfur batteries in Lyten’s pilot facility required 6 weeks and less than 2% of the total capital cost.
  • This confirms Lyten’s ability to rapidly scale by converting existing Li-ion gigafactories to lithium-sulfur with minimal cost and time.
  • Lyten is executing engineering and design, procuring equipment, and evaluating locations to rapidly scale up lithium-sulfur manufacturing to meet growing interest from EV, trucking, space, aerospace, and government customers.

OLI Systems Secures $1 Million Contract with US DOE Critical Materials Innovation Hub to Advance Critical Materials Research

Retrieved on: 
Thursday, March 28, 2024
Manganese, University, Science, Recycling, Partnership, Research, Rare-earth element, OLI, REE, Nickel, CMI, Lithium, Cobalt

PARSIPPANY, N.J., March 28, 2024 /PRNewswire/ -- OLI Systems proudly announces a groundbreaking development in its commitment to driving innovation in critical materials research.

Key Points: 
  • PARSIPPANY, N.J., March 28, 2024 /PRNewswire/ -- OLI Systems proudly announces a groundbreaking development in its commitment to driving innovation in critical materials research.
  • Through a new contract with the Critical Materials Innovation Hub (CMI), OLI is poised to enhance its industry-leading research efforts in the extraction, purification, and refining of critical materials, including rare earth elements (REE), lithium, nickel, cobalt, and manganese.
  • OLI continues to play a pivotal role in shaping the future of critical materials research.
  • This partnership reaffirms OLI's commitment to driving innovation in critical materials research and solidifies its position at the forefront of this increasingly vital sector.