Nickel

Li-Cycle Closes $75 Million Strategic Investment from Glencore

Retrieved on: 
Monday, March 25, 2024
Natural Resources, Batteries, Environment, Alternative Energy, Energy, Technology, Green Technology, Mining, Minerals, Form 8-K, Partnership, Form, Indian stock exchange, Nickel, LON, Note, Cobalt, PIK, Security (finance)

Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to close the $75 million investment from Glencore, which enhances our liquidity position and is a key interim step in our funding strategy.

Key Points: 
  • Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to close the $75 million investment from Glencore, which enhances our liquidity position and is a key interim step in our funding strategy.
  • As we continue our comprehensive review process, we look forward to expanding our existing long-term, strategic partnership with Glencore and are excited about the future opportunities for Li-Cycle.
  • We remain focused on our key priorities of driving down costs through our cash preservation plan, reviewing our go-forward strategy for the paused Rochester Hub, and evaluating additional financing and strategic alternatives.
  • The aggregate amount outstanding under the Existing Glencore Notes is currently approximately $225 million.

Fonon Highlights Its Titan FX Laser Cutting Systems for Applications in the Defense Industry

Retrieved on: 
Friday, March 22, 2024
Mobile, Wireless, Technology, Homeland Security, Defense, Government Technology, Military, Other Defense, Contracts, Public Policy, Government, Machine Tools, Metalworking & Metallurgy, Drones, Robotics, Security, Satellite, Photography, Other Manufacturing, Other Technology, Steel, Engineering, Networks, Hardware, Aerospace, Electronic Design Automation, Manufacturing, Radiation, Vibration, Titanium, Corporation, Light, Metal, Motion, Stainless steel, Nickel, Aircraft, FX, Aluminium, Ceramic

Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its laser cutting technologies for manufacturing in the defense industry.

Key Points: 
  • Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its laser cutting technologies for manufacturing in the defense industry.
  • Fonon is proud to serve manufacturers in the defense industry by offering its precision metal cutting solution, the Titan FX Laser Cutting System.
  • The Titan FX is a flatbed multipurpose fiber laser cutting system available in several sizes that offers a high-performance, cost-effective way to cut metals, including highly reflective metals.
  • The defense industry uses highly reflective metals across a multitude of applications, from transport and ballistics to protective gear components.

Lifezone Metals Announces Receipt of Licence from Government of Tanzania for the Kabanga Nickel Project Multi-Metal Processing Facility at Kahama

Retrieved on: 
Thursday, March 21, 2024
Automotive Manufacturing, Alternative Energy, Energy, Manufacturing, Consumer Electronics, Technology, Public Relations, Investor Relations, Finance, Communications, Professional Services, Environment, Mining, Minerals, General Automotive, Natural Resources, Automotive, Engineering, Government, Pyrometallurgy, Face, Project, Life zone, Electric vehicle, Copper, Metal, History, Economic development, Nickel, Special economic zone, Workforce, Miner, Multimedia, Greenhouse, Kabanga Nickel Project, Cobalt, Buzwagi Gold Mine, LZM, Rare-earth element

View the full release here: https://www.businesswire.com/news/home/20240321815251/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240321815251/en/
    Lifezone’s CEO, Chris Showalter, receives the Kahama Refinery Licence with a handshake from the Minister of Minerals, Hon.
  • (Photo: Business Wire)
    The Kabanga Nickel Project is located in the north-west Tanzania and is believed to be one of the world’s largest and highest-grade undeveloped nickel sulfide deposits.
  • The Kahama Multi-Metal Processing Facility (“the Kahama Refinery”) site is located approximately 340 kilometers south-west of Kabanga.
  • Lifezone’s subsidiary, Tembo Nickel Corporation Ltd. (“Tembo Nickel”) is the operating entity for Kabanga and Kahama, and is 16% owned by the Government of Tanzania.

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.

Li-Cycle Reports Full Year 2023 Results

Retrieved on: 
Friday, March 15, 2024
Technology, Other Technology, Research, Research and development, Growth, Policy, Recycling, Acquisition, Security (finance), MD, National instrument, Insurance, Net, Bank statement, Adjustment, Nickel, Ontario Securities Commission, Hub, Spoke, Depreciation, Interim, Cobalt, National Policy

The change resulted in a transition period of November 1, 2022 through December 31, 2022.

Key Points: 
  • The change resulted in a transition period of November 1, 2022 through December 31, 2022.
  • The Company has calculated the income statement for the year ended December 31, 2022 and has provided a comparison to the year ended December 31, 2023 below.
  • As of December 31, 2023, Li-Cycle had cash and cash equivalents on hand of $70.6 million.
  • Li-Cycle anticipates filing the Restated Interim Financial Reports and related MD&As on or before April 29, 2024.

Allonnia Launches Mining Advisory Board to Support Development and Integration of Biological Solutions for the Mining Industry

Retrieved on: 
Thursday, March 14, 2024
Recycling, Health, Mining, Minerals, Environment, Sustainability, Natural Resources, Biotechnology, Exploration, Ontario Teachers' Pension Plan, Thiokol, Risk, BHP, Copper, Research, Key Tronic, Engineering, Metallurgy, Mineral, Society, Newmont, Nickel, Senior advisor, Rio Tinto, Lithium, International Finance Corporation, World Bank, Teaching

Allonnia , the bio-ingenuity company dedicated to extracting value where others see waste, today announced the establishment of their Mining Advisory Board.

Key Points: 
  • Allonnia , the bio-ingenuity company dedicated to extracting value where others see waste, today announced the establishment of their Mining Advisory Board.
  • Consisting of mining industry experts from academia, mining majors, and private institutions, the Board will support Allonnia with developing and delivering transformational biological solutions tailored to the mining industry.
  • “The mining industry is at a critical inflection point, and biotechnology offers a range of new solutions,” said Chuck Price, Chief Commercial Officer of Allonnia.
  • “This Mining Advisory Board brings together some of the most experienced minds in mining to collaborate on new approaches for the industry’s most pressing challenges.

Asia-Pacific Black Mass Recycling Market Analysis and Forecasts, 2022-2023 and 2031 - Lithium Iron Phosphate (LFP) Batteries to Gain Traction over Nickel Manganese Cobalt (NMC) Batteries - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 13, 2024
Environment, Recycling, Lithium, Benchmarking, BASF, Growth, Copper, Metal, Wind, Nickel, Cobalt, Mining

As electric vehicles gain popularity, the market for these batteries is expected to grow significantly, which will also drive the growth of the black mass market for recycling.

Key Points: 
  • As electric vehicles gain popularity, the market for these batteries is expected to grow significantly, which will also drive the growth of the black mass market for recycling.
  • Black mass recycling offers numerous economic and environmental benefits, which have a significant impact on the sector in the Asia-Pacific (APAC) market.
  • The Principal Analyst states, 'black mass recycling is the technique of recovering priceless metals and other materials from used lithium-ion batteries.
  • Competitive Strategy: Key players in the Asia-Pacific black mass recycling market analysed and profiled in the study involve black mass recycling providers.

Li-Cycle Announces $75 Million Strategic Investment from Glencore

Retrieved on: 
Tuesday, March 12, 2024
Other Manufacturing, Environment, Technology, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, Batteries, Recycling, Exercise, Convertible, Sale, Bank statement, Investment, Marketing, Transaction, PIK, Audit committee, Committee, Partnership, Minority, LON, VWAP, Multilateral, Person, GC, Date, Annual report, 8-K, Hub, Nickel, Ontario Securities Commission, Cobalt, Redemption, Security (finance)

Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.

Key Points: 
  • Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.
  • The SC engaged Moelis & Company LLC, a leading global investment bank (“Moelis”), as its financial advisor and placement agent.
  • As part of the partnership, Glencore previously made a $200 million investment in Li-Cycle in June 2022 through the purchase of a convertible note (the “Existing Note”).
  • The Glencore investment will result in Glencore purchasing from the Company a senior secured convertible note in the aggregate principal amount of $75 million.

Unlocking the Field: SciAps Inc. Introduces Revolutionary PowerHouse X - The Ultimate Portable Benchtop XRF for Geochemists

Retrieved on: 
Monday, March 11, 2024
Technology, Manufacturing, Mining, Minerals, Other Science, Other Technology, Natural Resources, Research, Software, Science, Hardware, Chemicals, Plastics, Element, XRF, Tin, Dysprosium, TB, Yb, Holmium, Light, Copper, Metal, Rare-earth element, Barium, Fe, Erbium, Ytterbium, Nickel, Multimedia, Cadmium, Iron

View the full release here: https://www.businesswire.com/news/home/20240311674795/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240311674795/en/
    The Groundbreaking Portable Benchtop XRF (Photo: Business Wire)
    “The PowerHouse X is our response to the world’s ever-increasing dependence on rare earth elements but with limited ability to analyze those elements in the field.
  • SciAps PowerHouse X, with an 80kV miniature X-ray tube, can efficiently excite the K shell emission lines for both light and heavy REEs.
  • By analyzing these high energy K-lines, the complicated spectral overlaps with common metals are avoided completely, yielding unprecedented limits of detection and better performance than any other portable XRF.
  • The SciAps PowerHouse X is the solution to one of the electric vehicle and strategic metals industries’ biggest exploration and mining problems.

Oatey’s Wide Range of Bathroom Plumbing Solutions Makes its Kitchen & Bath Industry Show Debut

Retrieved on: 
Monday, March 11, 2024
Home Goods, Residential Building & Real Estate, Building Systems, Chemicals, Plastics, Retail, Commercial Building & Real Estate, Construction & Property, Energy, Manufacturing, Other Retail, Specialty, Other Manufacturing, Steel, Utilities, Other Construction & Property, KBIS, Attention, System, Designer, Chrome, Stainless steel, Senior, Marketing, Nickel, DWV, Gold, Multimedia, Plumbing

Oatey Co., a leading manufacturer in the plumbing industry since 1916, displayed its wide range of best-in-class bathroom plumbing products and systems at the recent Kitchen & Bath Industry Show (KBIS).

Key Points: 
  • Oatey Co., a leading manufacturer in the plumbing industry since 1916, displayed its wide range of best-in-class bathroom plumbing products and systems at the recent Kitchen & Bath Industry Show (KBIS).
  • View the full release here: https://www.businesswire.com/news/home/20240311194925/en/
    Oatey Co., a leading manufacturer in the plumbing industry since 1916, displayed its wide range of best-in-class bathroom plumbing products and systems at the recent Kitchen & Bath Industry Show (KBIS).
  • This marked the first time Oatey’s large portfolio of bathroom plumbing products and systems – both in front of and behind the wall – were presented at the show, reflecting the company’s century of industry expertise.
  • Some of its noteworthy bathroom products and systems on display included:
    The new QuickDrain BenchDrain: BenchDrain is an innovative, sleek linear drain built right into a shower bench.