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

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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.

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Liontown Resources rejects US$3.7B acquisition proposal from Albemarle

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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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Syrah Resources completes BFS for expansion of US anode material production

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Australia-based Syrah Resources has completed a bankable feasibility study (BFS) for expansion of its natural graphite AAM facility in Vidalia, Louisiana, as it continues to execute its strategy of becoming the first vertically integrated producer of natural graphite AAM (advanced anode material) outside of China.

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

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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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Roskill: graphite prices still rising on high Chinese electricity costs

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Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. Meanwhile, prices for 94% C medium flake remained flat until July but have since risen by 15%.

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California Energy Commission adopts goal to make more electricity available through smarter use of existing resources

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The California Energy Commission (CEC) approved a new goal to make up to 7,000 megawatts (MW) of electricity available through the smarter use of existing clean energy resources. The 7,000 MW goal complements the 38,000 MW of new clean electricity resources the state projects to need by 2030.

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

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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.