JV

LG Energy Solution and Honda Formally Establish Battery Production Joint Venture

Retrieved on: 
Friday, January 13, 2023

MARYSVILLE, Ohio , Jan. 13, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (Honda) today announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda.

Key Points: 
  • MARYSVILLE, Ohio , Jan. 13, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (Honda) today announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda.
  • LGES and Honda have committed to creating 2,200 jobs to establish the new production facility.
  • The JV will begin construction of a new battery plant early this year with the goal of completion by the end of 2024 and starting mass production of advanced lithium-ion battery cells by the end of 2025.
  • LGES and Honda have committed to investing $3.5 billion and creating 2,200 jobs to establish the new production facility.

The Future Minerals Forum (FMF) sees 25 Memoranda of Understanding, Joint Ventures and agreements exchanged on its Opening Day

Retrieved on: 
Thursday, January 12, 2023

The signing ceremony was attended by the Minister of Energy, His Royal Highness Prince Abdulaziz bin Salman; the Minister of Investment, His Excellency Engineer Khaled Al-Falih; the Minister of Industry and Mineral Resources; His Excellency Bandar Al-Khorayef, and the Deputy Minister of Industry and Mineral Resources for Mining Affairs, His Excellency Engineer Khaled Al-Mudaifer.

Key Points: 
  • The signing ceremony was attended by the Minister of Energy, His Royal Highness Prince Abdulaziz bin Salman; the Minister of Investment, His Excellency Engineer Khaled Al-Falih; the Minister of Industry and Mineral Resources; His Excellency Bandar Al-Khorayef, and the Deputy Minister of Industry and Mineral Resources for Mining Affairs, His Excellency Engineer Khaled Al-Mudaifer.
  • These agreements and Memoranda of Understanding covered mineral exploration, technology and communications, the application of sustainability standards, localization and rehabilitation, and industrialization in the minerals sector.
  • The signing ceremony also witnessed the handing over of the two exploration licenses for the Khnaiguiyahand Umm Ad Damar sites to the companies that won their licenses.
  • FMF continues to concentrate on how to bridge the gap between demand and supply.

The Future Minerals Forum (FMF) sees 25 Memoranda of Understanding, Joint Ventures and agreements exchanged on its Opening Day

Retrieved on: 
Thursday, January 12, 2023

These agreements and Memoranda of Understanding covered mineral exploration, technology and communications, the application of sustainability standards, localization and rehabilitation, and industrialization in the minerals sector.

Key Points: 
  • These agreements and Memoranda of Understanding covered mineral exploration, technology and communications, the application of sustainability standards, localization and rehabilitation, and industrialization in the minerals sector.
  • The signing ceremony also witnessed the handing over of the two exploration licenses for the Khnaiguiyahand Umm Ad Damar sites to the companies that won their licenses.
  • FMF continues to concentrate on how to bridge the gap between demand and supply.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/the-future-minerals-forum-fmf-s...

LG Energy Solution and Honda Formally Establish Battery Production Joint Venture

Retrieved on: 
Monday, January 16, 2023

TOKYO, Jan 16, 2023 - (JCN Newswire) - LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (Honda) today announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda.

Key Points: 
  • TOKYO, Jan 16, 2023 - (JCN Newswire) - LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (Honda) today announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda.
  • The JV will begin construction of a new battery plant early this year with the goal of completion by the end of 2024 and starting mass production of advanced lithium-ion battery cells by the end of 2025.
  • The plant aims to have an annual production capacity of approximately 40GWh.
  • LGES and Honda have committed to investing $3.5 billion and creating 2,200 jobs to establish the new production facility.

EQS-News: Vulcan Energy Resources Limited: Vulcan achieving further operational advancements

Retrieved on: 
Thursday, February 2, 2023

Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) continued to operate its commercial renewable energy plant successfully and deliver on its strategy to develop the Zero Carbon Lithium™ Project during the December 2022 Quarter (“the Quarter”).

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) continued to operate its commercial renewable energy plant successfully and deliver on its strategy to develop the Zero Carbon Lithium™ Project during the December 2022 Quarter (“the Quarter”).
  • Vulcan received approval from the state authority in Rhineland-Pfalz, Germany, for the Operating Plan for Vulcan’s lithium extraction Demonstration Plant (Demo Plant).
  • Vulcan announced it had produced the highest grade, lowest impurity LiOH from its Pilot Plant, located at its commercially operational geothermal renewable energy plant, at its Zero Carbon Lithium™ Project.
  • Vulcan changed its financial year end from June 30th to December 31st, effective from July 1st, 2022.

EQS-News: Vulcan Energy Resources Limited: December Quarterly Activities Report

Retrieved on: 
Thursday, February 2, 2023

Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) continued to operate its commercial renewable energy plant successfully and deliver on its strategy to develop the Zero Carbon Lithium™ Project during the December 2022 Quarter (“the Quarter”).

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) continued to operate its commercial renewable energy plant successfully and deliver on its strategy to develop the Zero Carbon Lithium™ Project during the December 2022 Quarter (“the Quarter”).
  • Vulcan received approval from the state authority in Rhineland-Pfalz, Germany, for the Operating Plan for Vulcan’s lithium extraction Demonstration Plant (Demo Plant).
  • Vulcan has a renewable heat offtake agreement with MVV, the municipal energy supplier for the City of Mannheim.
  • Please see the Remuneration Report in the 2022 Annual Report for further details on Director’s Remuneration.

Proactive news headlines including Aldoro Resources, West Wits Mining, Suvo Strategic Minerals and Oar Resources

Retrieved on: 
Tuesday, January 17, 2023

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    West Wits Mining Ltd (ASX:WWI) has returned “significant” gold intersections in a maiden reverse circulation (RC) drill program at the Mt Cecelia Project in the Paterson Province of Western Australia.
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    Suvo Strategic Minerals Ltd (ASX:SUV) has wrapped up the purchase of Muchea Silica Sand Project in Western Australia after completion of the tenement purchase of exploration licence application E70/4981.
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    Oar Resources Ltd has submitted applications for five additional tenements surrounding its three already granted tenements at the Denchi Lithium Project near Wiluna in Western Australia’s Northern Goldfields.
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    New Century Resources Ltd (ASX:NCZ) has achieved two major operational milestones at its Century Mine and Karumba Port Facility in Queensland.

Proactive news headlines including Jindalee Resources, European Lithium, Alkane Resources and Alchemy Resources

Retrieved on: 
Friday, January 13, 2023

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    European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has signed a non-binding memorandum of understanding (MoU) with Saudi-based Obeikan Investment Group to build and operate a hydroxide plant under a joint venture (JV) in Saudi Arabia for EUR’s Wolfsberg Lithium Project in Austria.
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    Empire Energy Group Ltd (ASX:EEG) has completed hydraulic stimulation of the Carpentaria-3H (C-3H) well and the drilling of the Carpentaria-4V (C-4V) at Exploration Permit (EP) 187, well within budget.
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    Galena Mining Ltd (ASX:G1A) welcomes the first concentrate produced at its Abra Base Metals Mine in the Gascoyne region of Western Australia as part of the plant commissioning process.
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    Animoca Brands Corporation Ltd's Japanese subsidiary has made a strategic investment of JP¥100 million into Psychic VR Lab’s JP¥1 billion fundraising round in December 2022.

Group Management Services, Inc. Announces Independent Joint Venture

Retrieved on: 
Thursday, January 12, 2023

RICHFIELD, Ohio, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Group Management Services, Inc. (GMS) , a professional employer organization headquartered in Richfield, Ohio, today announced the successful completion of its independent joint venture (JV) agreement with CogNet to co-manage a newly formed company, InSource.

Key Points: 
  • RICHFIELD, Ohio, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Group Management Services, Inc. (GMS) , a professional employer organization headquartered in Richfield, Ohio, today announced the successful completion of its independent joint venture (JV) agreement with CogNet to co-manage a newly formed company, InSource.
  • The company will operate out of Chennai, India, and will be managed by current GMS employees and leadership.
  • GMS and CogNet have created this JV to supplement the current GMS workforce by streamlining current processes, increasing efficiencies, and reducing state-side resources.
  • In turn, GMS can focus on high-value activities and deliver even more of a hands-on approach for its clients.

Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, January 10, 2023

Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.

Key Points: 
  • Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.
  • For the quarter ended November 30, 2022, total investment income of $26.3 million increased by $9.8 million, or 59.1%, when compared to $16.5 million for the quarter ended November 30, 2021.
  • Net investment income on a weighted average per share basis was $0.83 for the quarter ended November 30, 2022.
  • The Company previously declared in fiscal 2023 a quarterly dividend of $0.54 per share for the quarter ended August, 31, 2022 and $0.53 per share for the quarter ended May 31, 2022.