First Cobalt to issue shares to Glencore to repay $5.5m debt
In 2019, First Cobalt entered into a loan agreement with the miner and commodity trader to fund engineering studies, metallurgical testwork and permitting activities.
Unions, including the United Auto Workers, worry that providing concessions to other nations would undermine the goal of bringing jobs and investment to the US.
Lithium miner chose Chester County as the location for a processing plant it hopes will cement its status as a cornerstone of the rapidly growing US electric vehicle industry.
Lockheed’s sudden departure leaves no Western mining contractor with pockets deep enough to finance the billions of dollars needed to launch a seabed mining operation.
Chile’s government plans to require all new lithium projects to tap a production technique that’s barely used commercially anywhere in a bid to reduce water losses.