green mining RSS
𝗪𝗼𝗿𝗹𝗱’𝘀 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗘𝗩 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗠𝗮𝗸𝗲𝗿, 𝐂𝐀𝐓𝐋, 𝐭𝐨 𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐂𝐚𝐧𝐚𝐝𝐚’𝐬 𝐌𝐢𝐥𝐥𝐞𝐧𝐧𝐢𝐚𝐥 𝐋𝐢𝐭𝐡𝐢𝐮𝐦 𝐢𝐧 $𝟐𝟗𝟕 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐃𝐞𝐚𝐥
Contemporary Amperex Technology Co Ltd. has agreed to acquire Millennial Lithium Corp. in an all-stock cash deal valued at around C$377 million ($297 million) as the the world’s largest maker of electric-vehicle batteries continues to pursue a strong supply of a key battery-making mineral. Ningde, Fujian-based CATL will pay C$3.85 per common share of Millennial, payable in cash, according to a statement Tuesday. That represents a premium of about 29% over Millennial’s 20-day average closing price in Vancouver trading, according to the statement. Bloomberg originally reported that CATL was the mysterious bidder for Vancouver-based Millennial, trumping a C$353 million offer by Ganfeng Lithium Co. made in July....
Masten develops Rocket Mining System to extract lunar water
The American company Masten Space Systems has presented a plan for the extraction of ice on the Moon within the framework of NASA’s Break the Ice Challenge. The company has developed a Rocket Mining System called ROCKET M (Resource Ore Concentrator using Kinetic Energy Targeted Mining) that uses an enclosed rocket engine and vacuum system to harvest water ice from the lunar surface. Designed in collaboration with Honeybee Robotics and Lunar Outpost, the new Rocket Minning System can rapidly extract frozen volatiles from the Moon. This method disrupts lunar soil with a series of rocket plumes that fluidize ice regolith by...
How Green Mining Paves The Way To A Sustainable And Net Zero Future
Scientists at the Earth Sciences department of the University of Oxford demonstrate how to directly extract valuable metals from hot salty fluids (brines) trapped in porous rocks at roughly 2km below dormant volcanoes. They propose that this green-mining approach will sustainably provide essential metals for a net-zero future. Magma underneath volcanoes releases metal-rich gasses that ascend toward the surface. These gases separate into brine and steam as the pressure drops. Most of the dissolved metals in the original magmatic gas become concentrated in the dense brine, which gets trapped in porous rock. The less-dense and metal-depleted steam continues to rise to...
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