Day: June 24, 2020

China’s Ganfeng Lithium , one of the world’s biggest producers of the material, said late on Wednesday it would buy almost 7% in Chinese cobalt firm Ganzhou Tengyuan Cobalt New Material for 300.12 million yuan ($42 million).

The company was up 50% to 66 cents a share.

Shareholders voted overwhelmingly in favour of all items of business before the Meeting.

“The English and Chinese companies are coming already,” Toledo said. “Lithium should be nationalized and the government should create a company, which could be private or public, but the government should control the use of lithium.”

Silver Dollar Resources Inc. is pleased to report it has commenced fieldwork on the Longlegged Lake property located in the Red Lake Mining Division of northwestern Ontario.

New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the redemption of its outstanding 6.25% Senior Notes due 2022 on or about July 10, 2020.

The Company expects to use the net proceeds of the Offering to fund (i) continuous development, maintenance and expansion of the Company’s producing assets; (ii) exploration and development of projects that are not yet in commercial production; and (iii) reinforcement of the Company’s capital structure.