Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is spending nearly $7 billion to acquire diverse lithium company Arcadium Lithium, a sign of confidence in the long-term demand for lithium.
Earlier this week, Rio Tinto announced its plan to acquire Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) in an all-cash transaction valued at $5.85 per share, representing a 90% premium to Arcadium's recent closing price.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF), in an operations update, told investors that the Vatomina project in Madagascar operated intermittently between August and September, in line with available resources.
Production during the period amounted to 620 tons of flake graphite, all exceeding a 96% grade.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) hailed the current quarter just ended as a turning point for the miner with permission to restart operations and raise its tailings dam wall at the Gedabek mine in Azerbaijan.
A first lift in the wall by 2.5 metres will be completed in November 2024 while production restarted from its agitation leaching plant last month.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has been granted an operating permit for the Ewoyaa project in Ghana, its final regulatory approval in the permitting process.
The award, from the Minerals Commission of Ghana, clears the way for the construction of the mine at Ewoyaa, the company said in a statement and is an important milestone towards the Final Investment Decision,
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has responded to reports from a radio interview with Ibrahim Traoré, the President of Burkina Faso, in which he referred to mining permits that might be revoked.
In a statement, Endeavour said that it remains a trusted partner to the Government of Burkina Faso and can confirm that it is not currently aware of any plans to revoke any of its mining permits.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has published first results from drilling an area 50m beneath the current open pit at the Segilola gold mine in Nigeria.
So far, the significant results include 3m grading 11.24 grammes per tonne of gold from 294m in drillhole SNMDD011 and 1.5m grading 3.22g from 269m in drillhole SNMDD012.