At the time, Bloomberg said that the transaction would be “the largest takeover of a diversified chemicals company since Solvay SA bought Rhodia SA in 2011.” Meanwhile, Chris Berry of the Disruptive Discoveries Journal said at the end of 2014 that he was surprised at the merger, and that he had expected more consolidation in the junior lithium space.
Several months later, the acquisition closed for $5.7 billion, and Albemarle has since worked hard to integrate Rockwood Lithium’s operations into its own business.
The integration was no small feat as Albemarle has nearly doubled in size since the Rockwood acquisition and now employs 6,900 people. Rockwood Lithium has operations in Chile in the Salar de Atacama, and in Nevada at its Silver Peak mine.
Albemarle has also gained a stake in the Greenbushes mine in Australia, since Rockwood had a 49-percent interest in the company that owns the mine. China’s Chengdu Tianqi Industry Group owns the other 51 percent.
In any case, Albemarle’s acquisition of Rockwood Lithium spoke to the company’s growing interest in the lithium sector. The move came at a critical point in time as well, since lithium prices have been on a tear as of late due to rising lithium-ion battery demand.
Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) has successfully completed its pilot plant trials. The program confirmed the suitability and robustness of the beneficiation plant design. The outstanding results yielded lithium concentrate grades of up to 6.56% and recoveries of up to 83.4%. Results obtained in pilot plant testing demonstrate very good understanding of
By Pia Rivera
LiCo Energy Metals (TSXV:LIC,OTCQB:WCTXF) announces that further to its news releases dated January 3, 3017 and January 18, 2017 and the conditional acceptance from the TSX Venture Exchange (the “Exchange”) dated March 30, 2017 whereby LiCo entered into a Definitive Mining Option Agreement dated January 17, 2017 (the “Option Agreement”) with
By Jocelyn Aspa
Here is a (very) brief overview of some lithium basics and what’s been happening in the market lately.
Dajin Resources Corp. has released the seismic interpretation report, with maps and cross-sections, for its Teels Marsh property in Mineral county, Nevada.
February 8 2016 – Vancouver, British Columbia; LiCo Energy Metals Inc. (TSXV:LIC) is pleased to report that a UTEM 5 electromagnetic survey covering mining claims 372 and 229 of the Teledyne Cobalt Project near Cobalt, Ontario was recently completed by Lamontagne Geophysics Ltd. Portions of the grid overlie the
By Pia Rivera
LiCo Energy Metals Inc. (TSXV:LIC,OTCQB:WCTXF) is pleased to announce that plans are currently being finalized to start a comprehensive exploration program at the Purickuta Lithium Project in the Salar de Atacama, Chile.
Phase One will consist of preparing digital maps, completing surface mapping and sampling near surface brine locations to a
January 31, 2017: Vancouver, British Columbia; – LiCo Energy Metals Inc. (TSXV:LIC) is pleased to announce the appointment of Mr. Dwayne Melrose as Director of the Company and Chair of the Company’s Technical Advisory Board.
January 6, 2017 – Vancouver, British Columbia- Nevada Energy Metals (TSXV:BFF) (OTCQB:SSLMF) (Frankfurt:A2AFBV) announces that further to its news releases dated November 11, 2016 and December 15, 2016 and further to the conditional acceptance from the TSX Venture Exchange (the “Exchange”) dated January 5, 2017 pursuant to an Option Agreement
Nevada Energy Metals (TSXV:BFF) (OTCQB:SSLMF) (Frankfurt:A2AFBV): Pursuant to the terms of the agreement announced on March 16, 2016, with Agoracom, Nevada Energy Metals Inc. is issuing shares for services. In exchange for the online advertising and marketing services, the Company is issuing 99,440 common shares at a deemed price of
Routemaster Capital (TSXV:RM) (“Routemaster” or the “Company”) is pleased to announce that it has acquired 1,000,000 common shares in the capital of 2523701 Ontario Inc. (to be renamed “Desert Lion Energy Inc.”) (“Desert Lion”) at a price of $0.25 per common share for an aggregate investment of $250,000.
Desert Lion, a
By Jocelyn Aspa
Albemarle (NYSE:ALB) has announced that Tianqi has given notice to exercise an option to acquire 20 percent indirect interest in Rockwood Lithium GmbH and its subsidiaries.
As quoted in the press release:
GmbH is a wholly-owned German subsidiary of Albemarle that manages a portfolio of downstream products, including organolithiums such as butyllithium,
November 29, 2016 – Montréal, Québec – Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) is pleased to announce the appointment of Dr. Steffen Haber as its president.
October 20, 2016 – Vancouver, BC – Dajin Resources Corp. (TSXV:DJI) (OTCMKTS: DJIFF) (Frankfurt: A1XF20) announces updated drilling plans for deep, wide diameter drilling at Dajin’s 100% owned Teels Marsh Lithium brine project in Mineral County, Nevada.
Vancouver, BC / TheNewswire / September 22, 2016 – Dajin Resources Corp. (TSXV:DJI,OTCMKTS:DJIFF) is pleased to announce that it has retained Welsh Hagen Associates, (Reno, Nevada), to provide engineering services at Dajin’s 100% owned Teels Marsh Lithium brine project located in Mineral County, Nevada.
September 20, 2016 – Vancouver, British Columbia-Nevada Energy Metals (TSXV:BFF) (OTCQB:SSLMF) (Frankfurt:A2AFBV) is pleased to report that American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project “the Project”, has advised the Company that the BLM has approved a Notice of Intent describing proposed locations for