Since coming to power in May 2022, Australia’s center-left Labor government has ramped up investment in minerals.

The company has signed contracts with three major mining companies as part of a strategy to pinpoint ore bodies of metals key to the energy transition.

Azure has received a sweetened $2.48-per-share takeover offer from the pair.

The new company will be the world's third-biggest producer of lithium.

Annual production at the new plant is expected to be up to 500,000 metric tons per year.

USSM is developing its cobalt-nickel mine and battery metals recycling facility in Missouri.

SQM will pay Novo A$10 million for a 75% interest in five tenements held by Novo.

The Critical Raw Materials Act, due to enter force in early 2024, says the bloc should mine 10% of its annual needs by 2030.