Cannabis Big News Roundup: Lineage to Acquire California Licensed Producer Agris Farms; Aura Closes Strategic Investment Into HolyCanna; Indiva to Acquire License in Denmark

In case you missed it, here is this week’s big news roundup for cannabis: Lineage Announces Definitive Agreement to Acquire California Licensed Producer Agris Farms Naturally Splendid and Wahupta Ventures Inc. Complete Further Financings and Proceed with Processing License Nutritional High Acquires Controlling Interest in One of California’s Leading Edibles Company and Bolsters Product Offering […]

Top Lithium Producer SQM Sees Sales Fall on Ramp-up Delay

Top lithium producer SQM (NYSE:SQM) reported a decline of 27 percent in sales volumes as a result of delays in a project ramp-up to increase lithium output from the Salar de Atacama. On top of the supply issues, a 25-percent growth in demand in 2018 supported higher prices. According to the company’s earning statement, prices […]

Zinc Producer Nyrstar Gets Funding Lifeline with Strings Attached

Global metals-processing company Nyrstar (EBR:NYR) has been handed a lifeline by commodity trader and major shareholder Trafigura. On Wednesday (November 21), Nyrstar announced Trafigura had extended it a US$ 650-million working capital facility to allow it to continue its day-to-day operations as a zinc smelter. Nyrstar is cash-strapped and in debt, and according to Wednesday’s […]

Bougainville Ventures Inc. Provides Corporate Update & Signs LOI with Oregon Hemp CBD Producer

Bougainville Ventures Inc. (CSE:BOG) has signed a letter of intent to enter into a financing and profit-sharing agreement with Worm Castings Farms Inc., the sole owner of an Oregon state hemp production and processing licence issued by the Oregon State Regulatory approval board. The material terms of the LOI are summarized below. LOI Terms 1. […]

Top Lithium Producer Ganfeng Prices Hong Kong IPO at Bottom of Range

Chinese top lithium producer Ganfeng Lithium (SZSE:002460) has priced its Hong Kong listing at the bottom of its marketed range, raising US$ 424 million, according to sources. According to the terms of the initial public offering (IPO) revealed last week, the Jiangxi-based company was looking to offer 200.2 million shares priced at between HK$ 16.50 […]

Top Lithium Producer Ganfeng to Raise US$676 Million in Hong Kong IPO

Top lithium producer Ganfeng Lithium (SHE:002460) is looking to raise up to US$ 676 million in its Hong Kong initial public offering. The company said it has secured six cornerstone investors, which include top battery makers. According to the terms of the deal, the Jiangxi-based company will be offering 200.2 million shares priced at between […]

Chinese Top Lithium Producer Ganfeng Jumps on Tesla Deal

Shares of Chinese top lithium producer Ganfeng Lithium (SHE:002460) jumped more than 10 percent on Friday (September 21) after the miner signed a supply deal with electric car maker Tesla (NASDAQ:TSLA). Ganfeng said it will supply lithium hydroxide products for Tesla’s batteries from 2018 to 2020, but the deal could be extended by three years. […]

Solid-state Battery Producer Raises US$20 Million to Scale Up Production

Colorado-based startup Solid Power has secured US$ 20 million in financing to complete a solid-state battery cells manufacturing facility, the company announced on Monday (September 10). Investors in the Series A funding include the venture capital units of Hyundai Motor (KRX:005380) and Solvay (EPA:SOLB) as well as A123 Systems, Sanoh Industrial (TSE:6584) and Samsung Venture […]

12 Year Old Crypto Gaming CEO Signs Grammy Producer to ICO Crowdfunding Campaign

George Weiksner was only 11 years old when he launched his own crypto gaming company last year named Pocketful of Quarters. Yesterday, Weiksner announced via Market Watch that he has just signed on Grammy-winning producer Devo Harris to begin crowdfunding his initial coin offering (ICO). Devo Harris on Board Harris has worked with artists such […]

SQM Set to Become World’s Top Lithium Producer by 2022

Chile’s SQM (NYSE:SQM) is on track to become the world’s top lithium producer by 2022, increasing capacity and overcoming competitor Albemarle (NYSE:ALB), the company said on Wednesday (August 8). According to SQM Vice President Daniel Jimenez, the company capacity increases at its Chile operations, together with new projects in Australia and Argentina, would help put […]