article thumbnail

Allkem and Livent to merge to create $10.6B lithium producer, one of world’s largest

Green Car Congress

Australia-based Allkem and US-based Livent announced a definitive agreement to combine in an all-stock merger of equals valuing the combined company at US$10.6 The merger will create a leading global lithium chemicals producer that will target large automotive companies and look to accelerate supply growth in Canada and Argentina.

Argentina 284
article thumbnail

SQM and Lithium Americas announce joint venture to develop lithium project in Argentina

Green Car Congress

LAC) are forming a 50/50 joint venture to develop the Caucharí-Olaroz lithium project in Argentina. SQM and LAC intend to immediately advance a work and engineering plan, which contemplates completion of an updated definitive feasibility study based on an existing study for Caucharí that was completed by Minera Exar in 2012.

Argentina 150
article thumbnail

Ultra Lithium, Power Metals respond to Government of Canada’s order for Chinese divestment in critical minerals

Green Car Congress

Ultra Lithium and Zangge have also mutually agreed to terminate the definitive agreement with respect to the Laguna Verde property announced in June 2022. Ultra Lithium is proceeding with planned work programs at its properties in Northern Ontario and Argentina. Zangge) received the order from Government of Canada to divest.

Chinese 321
article thumbnail

SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

The term of the MOU is two years unless it is extended or terminated earlier by mutual agreement or superseded by a definitive agreement related to a joint venture, partnership and/or offtake agreement. Potential opportunities for collaboration in electric vehicle (EV) and battery material supply chains.

Supplies 259
article thumbnail

Toyota Group Company to Form JV with Australian Lithium Resource Developer to Secure Access to Competitive Lithium Carbonate Production

Green Car Congress

Orocobre Limited , an Australian minerals exploration company with a focus on developing “best of class” Lithium, Potash and Boron resources in Argentina, and a Toyota Group Company, Toyota Tsusho Corporation, will establish a joint venture to develop Orocobre’s flagship Salar de Olaroz Lithium-Potash Project in Argentina.

Toyota 199
article thumbnail

Novozymes to acquire EMD/Merck Crop BioScience Inc. to strengthen presence in ag biologicals

Green Car Congress

Enzyme-maker Novozymes A/S has signed a definitive agreement to acquire EMD/Merck. These products are currently primarily sold in the US, Canada, Argentina, and Brazil. Crop BioScience Inc. from Merck KGaA for a total consideration of US$275 million. BioAg business.

Brazil 170
article thumbnail

Letting in the Light

Electric Auto Association

I took some surplus parts and motorcycle batteries… it was definitely Rube Goldberg style,” Smith explained. Students from dozens of states, Canada, and other countries, recently including Bermuda and Argentina, have traveled to Danville to take the course. Typically, they return home to train others.

Light 52