USA

LithiumUSA

Wilkinson Minerals to triple its investment in Bay City salt brine mining operation

BAY CITY, MI - A mineral extraction company announced that it is planning to substantially increase its investment in Bay City. Wilkinson Minerals and representatives from the City of Bay City and Bay Future announced during Bay Future’s annual meeting on Wednesday, April 21 that the mining would be tripling its investment in Bay City while bringing more jobs to the area to operate a salt brine mining operation along the Saginaw River. Wilkinson Minerals was originally planning on investing $50 million into Bay City to start up it operations there. However, that...
Battery MaterialsIPO & FundraisingUSA

Mining investor TechMet closes second funding round at $120 million

April 15 (Reuters) - Mining investment firm TechMet, which counts the U.S. government as its largest investor, said on Thursday it had closed its second round of funding at $120 million, roughly 50% higher than initially expected. The firm, which controls battery recycler Li-Cycle Corp, has now raised nearly $133 million between its two rounds of funding. TechMet plans to use the funds to continue investments in mines and other projects that produce metals used to make electric vehicles. "Our industry must completely transform itself in order to supply these strategic materials...
Battery MaterialsLithiumUSA

Rio Tinto achieves battery grade lithium production at Boron plant

BORON, Calif.--(BUSINESS WIRE)-- Rio Tinto has commenced production of battery-grade lithium from waste rock at a lithium demonstration plant at the Boron mine site in California, United States. The demonstration plant is the next step in scaling up a breakthrough lithium production process developed at Boron, to recover the critical mineral and extract additional value out of waste piles from over 90 years of mining at the operation. An initial small-scale trial in 2019 successfully proved the process of roasting and leaching waste rock to recover high grades of lithium....
Energy & PowerSolarUSA

Rio Tinto selects Heliogen’s breakthrough solar technology to provide carbon-free energy to Boron mine

LONDON & PASADENA, Calif.--(BUSINESS WIRE)--International mining and metals company Rio Tinto and renewable energy technology company Heliogen today announced an agreement to explore the deployment of Heliogen’s breakthrough solar technology at Rio Tinto’s borates mine in Boron, California. Under a Memorandum of Understanding, Heliogen will deploy its proprietary, artificial intelligence (AI)-powered technology at the Boron operation, where it will use heat from the sun to generate and store carbon-free energy to power the mine’s industrial processes. The two companies will begin detailed planning and securing government permits for the project,...
1 2
Page 1 of 2