Fortescue Metals Group

Nikola Rejects Slate of Directors Nominated by Trevor Milton for Election to Nikola Board of Directors

Retrieved on: 
Friday, February 9, 2024

PHOENIX, Feb. 9, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, said today that its Board of Directors has rejected a slate of five dissident nominees proposed by an entity controlled by former Executive Chairman Trevor Milton for election as directors at Nikola's 2024 Annual Meeting of Stockholders.

Key Points: 
  • The Board of Directors reviewed the director nominees and rejected the slate and does not endorse their nomination.
  • The director nominees have no public company experience, add no skills or experience to the board, and indisputably lack the depth of experience that the current Nikola board members bring to the Company.
  • This judgment remains unpaid, and Nikola is vigorously seeking all legal avenues to recover monies owed to the Company by Mr. Milton.
  • Nikola's board of directors has the expertise and experience necessary for the Company's success, and our team stands firmly behind them.

EQS-News: Appointment of Vulcan Group Chief Financial Officer

Retrieved on: 
Tuesday, January 30, 2024

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to advise that Ms Felicity Gooding has been appointed to the role of Group Chief Financial Officer (CFO) for the Vulcan Group.

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to advise that Ms Felicity Gooding has been appointed to the role of Group Chief Financial Officer (CFO) for the Vulcan Group.
  • Prior to this, Ms Gooding was the Deputy CEO at the Minderoo Foundation and Chief Operating Officer and CFO of both the Minderoo Foundation and Tatterang, Andrew and Nicola Forrest’s private family office and investment vehicle.
  • She has significant director experience, having served on the boards of Poseidon Nickel, the Freedom Fund, Impact Minerals Limited, and Zhero BV1, among others.
  • Ms Gooding is also a fellow of the Australian Institute of Chartered Accountants and a member of the Australian Institute of Company Directors.

Element Zero Raises US$10M Seed Funding Led by Playground Global to Scale up Green Materials Platform, Decarbonize Iron and Other Critical Metals Production

Retrieved on: 
Wednesday, January 17, 2024

Element Zero , a green materials platform company, announced today that it has raised US$10 million in seed funding led by Playground Global .

Key Points: 
  • Element Zero , a green materials platform company, announced today that it has raised US$10 million in seed funding led by Playground Global .
  • Element Zero will use the funding to grow R&D, engineering, and project development teams and scale the development of a pilot iron plant.
  • This non-aqueous electrochemical process allows Element Zero to process the full spectrum of iron ores; this includes the core 95% of Australian and Brazilian global trade in iron ore.
  • As the price of high-grade iron ore continues to rise, Element Zero will be able to process low-grade iron ore, which is widely accessible.

Global Sustainable Mining Solutions Market Landscape 2023-2032: Understanding the 73% Market Share of Public Players in 2022 With a Look to the Future

Retrieved on: 
Thursday, December 28, 2023

Asia-Pacific and Japan - Japan, India, Australia, and Rest-of-Asia-Pacific and Japan

Key Points: 
  • Asia-Pacific and Japan - Japan, India, Australia, and Rest-of-Asia-Pacific and Japan
    In the global sustainable mining solutions market, North America dominated the market due to stringent environmental regulations that have compelled mining companies to embrace sustainable practices.
  • Moreover, the region benefits from the presence of prominent organizations and associations dedicated to advancing sustainable mining.
  • Such initiatives are further pushing mining companies to invest in cleaner, more sustainable vehicles, which is expected to augment the market growth of the sustainable mining solutions market.
  • Of the top players profiled in the report, the public companies operating in the global sustainable mining solutions market accounted for around 73% of the market share in 2022, while the private companies operating in the market captured around 27% of the market share.

Energy in Focus: EV, Oil & Solar Among Most Shorted Stocks in November, Finds Hazeltree Shortside Crowdedness Report

Retrieved on: 
Wednesday, December 13, 2023

During the month of November, the electric vehicle sector regained its position at the top, while oil and solar remained steady frontrunners, with multiple stocks among the 10 most shorted in their categories based on their Hazeltree crowdedness score.

Key Points: 
  • During the month of November, the electric vehicle sector regained its position at the top, while oil and solar remained steady frontrunners, with multiple stocks among the 10 most shorted in their categories based on their Hazeltree crowdedness score.
  • In the small-cap category, solar energy company Sunnova Energy was the most crowded security (99).
  • “November’s report shows a continued focus from alternative asset managers on shorting energy stocks in the Americas,” said Stephanie Miller, CEO of Hazeltree.
  • To view Hazeltree’s November Shortside Crowdedness Report and past reports, click here .

Alta Copper Announces Fortescue Metals Exercises Pre-Emptive Right

Retrieved on: 
Tuesday, October 17, 2023

VANCOUVER, British Columbia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Alta Copper Corp. (TSX: ATCU; OTCQX: ATCUF; BVL: ATCU) (“Alta Copper” or the “Company”) is pleased to announce that Fortescue Metals Group Ltd. (“Fortescue Metals”), has exercised their pre-emptive right to maintain their shareholder’s interest.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Alta Copper Corp. (TSX: ATCU; OTCQX: ATCUF; BVL: ATCU) (“Alta Copper” or the “Company”) is pleased to announce that Fortescue Metals Group Ltd. (“Fortescue Metals”), has exercised their pre-emptive right to maintain their shareholder’s interest.
  • As a result of the private placement Nascent Exploration Pty Ltd., a wholly owned subsidiary of Fortescue Metals has exercised their pre-emptive right to subscribe for 535,000 Common Shares at a purchase price of $0.50 per Common Share for a total purchase price of $267,500 to maintain their shareholder’s interest at 25.4%.
  • The common shares will be subject to a mandatory hold period ending four months and one day after issuance, in accordance with applicable securities law.
  • Joanne Freeze, CEO & President of Alta Copper commented: “This private placement represents a significant premium of plus 45% to the market close on October 16, 2023, while continuing to demonstrate third-party endorsement of the investment merits of Alta Copper.

New Report Forecasts 88% CAGR for Global Green Ammonia Market Through 2028

Retrieved on: 
Friday, September 8, 2023

BOSTON, Sept. 8, 2023 /PRNewswire/ -- As a carbon-free carrier for fuel cells, ammonia is a green energy linchpin. But manufacturing gray ammonia itself runs counter to many green-energy goals. Gray ammonia's Haber-Bosch production process generates 2% of the world's CO2e emissions every year. Green ammonia's much smaller carbon footprint will propel what was a $24.3 million market in 2022 to a $719.4 million global market in 2028.

Key Points: 
  • Green ammonia's much smaller carbon footprint will propel what was a $24.3 million market in 2022 to a $719.4 million global market in 2028.
  • In their recently published Global Green Ammonia Market , BCC analysts explore:
    Growing demand for eco-friendly fertilizers and biofuels.
  • Blue ammonia as a transitional step between the gray ammonia present and the green ammonia future.
  • Global Green Ammonia Market is a must-read for professionals working in fertilizer manufacturing, chemical production, agriculture, mining, biofuels, green energy, shipping and transport, ammonia trading, and environmental regulation.

New Report Forecasts 88% CAGR for Global Green Ammonia Market Through 2028

Retrieved on: 
Friday, September 8, 2023

BOSTON, Sept. 8, 2023 /PRNewswire/ -- As a carbon-free carrier for fuel cells, ammonia is a green energy linchpin. But manufacturing gray ammonia itself runs counter to many green-energy goals. Gray ammonia's Haber-Bosch production process generates 2% of the world's CO2e emissions every year. Green ammonia's much smaller carbon footprint will propel what was a $24.3 million market in 2022 to a $719.4 million global market in 2028.

Key Points: 
  • Green ammonia's much smaller carbon footprint will propel what was a $24.3 million market in 2022 to a $719.4 million global market in 2028.
  • In their recently published Global Green Ammonia Market , BCC analysts explore:
    Growing demand for eco-friendly fertilizers and biofuels.
  • Blue ammonia as a transitional step between the gray ammonia present and the green ammonia future.
  • Global Green Ammonia Market is a must-read for professionals working in fertilizer manufacturing, chemical production, agriculture, mining, biofuels, green energy, shipping and transport, ammonia trading, and environmental regulation.

Nikola Corporation Reports Second Quarter 2023 Results

Retrieved on: 
Friday, August 4, 2023

Began serial production of the hydrogen fuel cell electric truck July 31; first customer deliveries expected in September

Key Points: 
  • Began serial production of the hydrogen fuel cell electric truck July 31; first customer deliveries expected in September
    PHOENIX, Aug. 4, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand , today reported financial results and business updates for the quarter ended June 30, 2023.
  • "Nikola has turned the corner and is well on the way to executing our business plan and achieving profitability," said Nikola CEO Michael Lohscheller.
  • During the second quarter, the remainder of the 10 gamma trucks were fully built and commissioned.
  • During the second quarter we continued to build sales momentum on the battery-electric trucks, wholesaling 45 to dealers with 66 retail sales.

EQS-News: INDUS Holding AG: INDUS disposes completely of automotive suppliers in the portfolio

Retrieved on: 
Friday, July 28, 2023

Bergisch Gladbach, 28 July 2023 – Stock exchange listed INDUS Holding AG will transfer 100% of the shares in SELZER Group to an investment company of Mutares SE & Co. KGaA, Munich.

Key Points: 
  • Bergisch Gladbach, 28 July 2023 – Stock exchange listed INDUS Holding AG will transfer 100% of the shares in SELZER Group to an investment company of Mutares SE & Co. KGaA, Munich.
  • “The sale of SELZER Group marks the completion of our portfolio reorganization well before the end of 2023, our self-imposed target,” said Dr. Johannes Schmidt, Chairman of the Board of Management of INDUS Group.
  • INDUS will deconsolidate the group of companies following approval by the competition authority and the subsequent closing.
  • “At Mutares, SELZER can continue to progress as part of a strong player in the automotive supply industry,” said Dr. Johannes Schmidt.