The claims, which MetalsGrove will acquire for $60,000, are close to Huayou Cobalt's Arcadia lithium mine.

A new Singapore-based commodities exchange plans to launch trading in the next few months.

The project, including two mines and spodumene concentrators in the province’s northwest, has an after-tax net present value of C$1.2 billion.

The company has secured control of over 25% of the mineral rights for the private lands within its flagship project in Elko County.

The project in Tanzania is believed to be one of the world's largest and highest grade undeveloped nickel sulphide deposits.

Utility firm said it had disconnected large-scale batteries made by thr Chinese company over security concerns.