Hudbay Minerals, Copper Mountain shareholders approve merger

The Toronto-based firm has royalties on projects in countries including Canada, Australia and the US.

Britannia was a leader in the field and developed a new way to extract metals, which was copied in many other mines.  

Shares of E3 Lithium surged over 30% on news of the Imperial Oil investment.

The S&P/TSX Composite Materials Index is now negative for the year after peaking in mid-April.

For many years, it was the flagship mine of Hudbay’s Manitoba operations.

Electra has been focused on creating North America's first integrated battery materials park near the town of Cobalt, Ontario.

Given the transition of operations activities to an interim development focused plan, the company says additional financing will be required.

The primary goal is to accelerate the energy transition from fossil fuels in each region, and to engage Indigenous groups and industry players on how to best achieve quick results.

As major economies march towards a net-zero future, there is a growing endeavour to produce metals with little-to-no carbon footprint.