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Permian Resources to acquire Earthstone Energy, creating a $14B Delaware Basin independent E&P

Green Car Congress

Permian Resources Corporation and Earthstone Energy entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt.

Delaware 195
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Liontown Resources rejects US$3.7B acquisition proposal from Albemarle

Green Car Congress

Liontown Resources, an emerging battery minerals producer based in Australia, has rejected an unsolicited, conditional and non-binding indicative proposal from Albemarle Corporation, in which Albemarle would acquire all of the shares in Liontown at a price of A$2.50 per share—valuing the company at approximately US$3.7

Australia 259
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Electra updates mineral resource estimate at its Iron Creek cobalt-copper project in Idaho

Green Car Congress

2023 resource showing the indicated and inferred resource domains as well as blocks with NSR values that are not included in the resource due to insufficient drilling to establish connectivity and DSO outlines. Highlights of the MRE: Indicated resource of 4.4 Inferred resource of 1.2 million pounds of copper.

Idaho 195
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NERC: high probability of insufficient resources to meet electricity demand as early as Summer 2022 in parts of US

Green Car Congress

Findings from the North American Electric Reliability Corporation’s (NERC’s) 2021 Long-Term Reliability Assessment (LTRA) indicate there is a high probability of insufficient resources and energy to serve electricity demand, as early as Summer 2022, in many parts of the Western Interconnection.

Parts 293
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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Mineral Resources boosting lithium production from W Australia mines

Green Car Congress

Australia-based Mineral Resources (MinRes), one of the largest owners of hard rock lithium units, has, in response to “unprecedented global customer demand for lithium products”, agreed with its JV partners to increase production from the Wodgina and Mt Marion spodumene mines, based in Western Australia.

Australia 195
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Nikola Corporation to unveil novel battery cell technology; 500 Wh/kg on production cell

Green Car Congress

Nikola Corporation said that it has developed a new battery that has a record energy density of 1,100 Wh kg -1 on the material level and 500 Wh kg -1 on the production cell level—including casing, terminals and separator—more than double current lithium-ion battery cells.