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Syrah Resources signs binding offtake agreement with Tesla for natural graphite active anode material

Green Car Congress

Australia-based Syrah Resources Limited signed a binding offtake agreement with Tesla to supply natural graphite Active Anode Material (AAM) from its vertically integrated AAM production facility in Vidalia, Louisiana. The Balama graphite operation is a globally significant natural graphite resource.

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Euro Manganese enters offtake term sheet with battery-maker Verkor

Green Car Congress

The Chvaletice resource is the only sizeable, classified resource of manganese in the European Union. The price for Chvaletice HPMSM will rise and fall proportionally with the movement of a published HPMSM index, on a rolling three-month quotational period.

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Southern Company acquiring AGL Resources for $8B, creating 2nd largest US electric and gas utility by customer base

Green Car Congress

Southern Company and AGL Resources announced that the boards of directors of both companies have approved a definitive merger agreement under which AGL Resources will become a new wholly owned subsidiary of Southern Company for about $8 billion. Southern Company has committed financing from Citigroup Global Markets Inc.

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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

2023 Chevrolet Bolt EUV Pricing, Specs, and Performance The Bolt EUV offers a lot of bang for the buck, especially considering that Chevrolet knocked $6,300 off the starting MSRP in 2023. But the low sticker price is not the end of your potential savings. The EUV is available in two different trims, the LT and Premier.

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Redhill Resources signs option to acquire Lincoln Lithium project; 225 km SE of Tesla Gigafactory

Green Car Congress

Redhill Resources Corp. As a result, the Redhill is engaging in a private placement financing the proceeds of which will fund its financial obligations resulting from the agreement. Redhill will issue a total of 8,000,000 post-consolidation units at a price of $0.15 If Redhill’s share price closes at or above $1.00

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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. The balance of the financing proceeds will be used to fund the restart of operations in Namibia and for working capital purposes.

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ERMA supporting Mkango in development of rare earth separation plant in Poland

Green Car Congress

The European Raw Materials Alliance (ERMA) will support Canadian mineral exploration and development company Mkango Resources Ltd.with securing financing for the development of a rare earth separation plant to be located in Pu?awy, awy, Poland. Nd / Pr oxides / TREO = 31%).

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