After Red Pine completes a feasibility study at Wawa, Franco-Nevada can opt to buy an additional 0.5% NSR royalty.

Hyundai plans to buy 50% of nickel it needs for EV batteries through the partnership by 2031 to comply with President Joe Biden’s Inflation Reduction Act.

The number and scale of deals completed by the company is fewer than previous years, although it’s still “actively looking."

The company said profit in the 12 months through to June rebounded to $275 million from a net loss of $48 million in the prior period.

Under the proposal, Vale would build briquetting plants that would feed third-party direct reduction facilities on the same site.

Bruce Bodine, Mosaic's senior vice president of North America, would take charge as the new CEO in January.