Another EU battery project, coordinated by Germany, is under way and is likely to seek EU approval for state aid later this month.

The MOU would give Wealth Minerals access to Rosatom’s technology.

Palisade Radio recently interviewed Andrew Miller, Head of Price Assessments at Benchmark Mineral Intelligence, who shared his thoughts on the market for battery metals.

China is also discussing introducing stricter green car quotas in coming years.

Earlier this year, Galaxy Resources Ltd, Alita's biggest shareholder, had bought $28.8 million worth of debt in the cash-strapped miner.