Hut 8’s Post

In a letter to Arcadium’s board, our Portfolio Managers Tim Riordan and Michael Teran urged the company to walk away from any opportunistic offers. In the team's opinion, a sale price should be closer to the $US8 billion mark. “Arcadium Lithium’s share price has fallen 63 per cent this year on weak lithium markets and reached an all-time low last month,” Riordan and Teran said. Any offer would have to be at a “significant premium” to realise the company’s growth potential. “Global lithium markets appear to have bottomed out, with lithium chemical indices stabilising, and in our opinion, the timing of this potential sale could not be at a more value destructive period for shareholders.” Thank you to The Australian Financial Review for publishing the article with our Mid Cap team's perspectives. Please click the link below to read more: https://lnkd.in/gxBZPYZp #Blackwattle #Alignment #Quality #Trust Disclaimer: Equity Trustees Limited ABN 46 004 031 298 AFSL 240975, is the Responsible Entity for the Blackwattle's Funds. This information does not take into account the investment objectives, financial situation or needs of any person. Returns are not guaranteed. You should read the PDS & TMD and all Disclaimers on our website, please see links below in the comments.

TRIMMING COSTS SO OUR ROOTS CAN FLOURISH | As part of its long-term investment and capital allocation strategy, Dundee Corporation (TSX: DC.A) has received regulatory approval on its intention to renew normal course issuer bids for its class A subordinate voting shares; cumulative 5-year rate reset first preference shares, series 2; and cumulative floating rate first preference shares, series 3. President and CEO, Jonathan Goodman, commented: "We remain committed to reducing our overall costs and G&A expenses, rationalizing our legacy investment portfolio, and monetizing non-core assets. We will continue to review options for capital allocation that deliver further value to our shareholders as we execute on our strategic plan of bringing the Company back to its roots as an active, long-term mining investor." Please read the press release below, or visit us at www.dundeecorporation.com, to learn more about Dundee's return to its mining roots. https://lnkd.in/ge5U53TY #mininginvestment; #normalcourseissuerbid; #shareholdervalue; #miningroots

📢 AFR: Rio Tinto’s $9.9B Arcadium Acquisition and Its Implications for the Lithium Market A recent AFR article discusses Rio Tinto's AU$9.9 billion acquisition of Arcadium Lithium and its potential impact on the broader lithium market. E&P Financial suggests that this deal might prompt renewed institutional and M&A interest in lithium stocks, as fewer high-quality assets are now available for investment. This move comes as lithium prices begin to stabilize, potentially indicating the bottom of the M&A cycle and growing interest in lithium assets, driven by ongoing demand for electric vehicles and energy storage. Full article 👇 https://lnkd.in/gENEC5Hj #GLN #ASX #Lithium 

The news that Rio Tinto has struck a significant A$9.9 billion deal to acquire Arcadium Lithium, marks an important move from a global major mining company and a significant development in the lithium sector. This all-cash offer, representing a big premium to Arcadium’s undisturbed market value, reinforces our belief in the long-term value of lithium assets. At Lithium Plus Minerals, our focus is on the rapid resource definition and commercialisation of our Northern Territory assets. We are dedicated to exploring and defining new high-quality lithium resources in one of the world's most prolific lithium regions. Stay tuned for more updates as we drive towards a clean energy future. Read more about our projects in our recent investor presentation, here: https://bit.ly/4d9ZgAX Simon Kidston #LithiumPlusMinerals #LPM #Lithium #WesternAustralia #ASX #RioTinto #LithiumExploration #BatteryMinerals #MiningUpdate #Arcadium

My first take on the Rio-Arcadium deal: despite the massive premium, this tie-up makes a lot of sense for Rio, offering a quick entry into the market and cheap exposure to any potential lithium price upside. If you agree with Rio that lithium is a space worth getting into, it’s hard to imagine a better way they could have done it https://lnkd.in/eqet_vd6

The US currently has no cobalt refineries, but Jervois Global could look to establish one. Earlier this year, the company said it was considering potential locations in Pennsylvania and Louisiana. PA could now be the more favored of the two sites after Jervois said today it reached a non-binding explorative memorandum of understanding to evaluate a possible minority equity investment from Global Tungsten & Powders, which operates a facility in the state. The two sides will assess the possibility of co-locating the facilities. You can read more here with additional info in my coverage for S&P Global Commodity Insights (paywall): https://lnkd.in/e8nWZmiP

TNR Gold Corp. (TSX-V:TNR, OTC:TRRXF) is repurchasing shares to enhance shareholder value, highlighting strategic partnerships and royalty cash flow potential from projects like the Mariana #lithium project operated by Ganfeng Lithium. The firm repurchased a total of 5,616,000 shares under its normal course issuer bid. The bid, initiated on June 1, 2023, allows the company to repurchase up to 9,548,639 common shares, representing about 5% of its outstanding shares, with a limit of 2% in any 30-day period. These acquisitions are financed through the company's working capital, and all repurchased shares will be returned to treasury as authorized and unissued shares. Executive chairman Kirill Klip emphasized TNR Gold's focus on building a green energy metals royalty and gold company, highlighting its unique position in critical material supply chains. More at #Proactive #ProactiveInvestors #TSXV #OTC #TNR #TRRXF http://ow.ly/JTex105jjxQ

Lithium Ionic Reports AGM Results   TORONTO, ON, July 26, 2024 – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to report the results of its Annual General and Special Meeting of shareholders held on July 26, 2024 (the "Meeting").   Over 56% of the issued and outstanding shares of the Company were represented in person or by proxy and were voted at the Meeting significantly in favour of all the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Management Information Circular dated June 13, 2024 (the “Circular”). At the Meeting, Lithium Ionic shareholders approved the re-election of the eight director nominees, the re-appointment of Deloitte LLP as auditor of the Company, the Stock Option Plan and the RSU/DSU incentive plans. Details of these plans are included in the Circular, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.   Lithium Ionic would like to thank shareholders for their participation and continuing support. Please visit for a Full Profile View & Detailed Press Release:   https://lnkd.in/g_Fp-36m #batterymetals #strategicmetals #Brazil #miningstocks #investing #stockstowatch   #smallcapstocks #stockmarketinvesting #mining #stockstobuy #investments #investors #smallcap #stocks #exploration #lithiumionic #tsxv #juniormining #lithiumionic #lth #Lithium #Li #EV #evbatteries #lithiummining #lithiumion #spodumene

Rio Tinto makes a $US4 billion bid for US listed Arcadium Lithium - an opportunistics bid given Arcadium lithium's price has fallen 63% this year on weak lithium prices. Rio should be able to win this one Goldman Sachs have noted the 250,000 tonnes of lithium carbonate equivalent that was expected in 2027 now look unlikely to be produced before 2030. Looks like there could be more #lithium companies in play soon.. #criticalrawmaterials #rawmaterials #evbatteries #batterymetals #asxnews #asx #miningnews

Check out Battery Commodity’s interview with Golden Cariboo Resources Ltd CEO Frank Callaghan where they discuss our most recent private placement and plans for 2024. Newsfile Corp. BNN Bloomberg Yahoo Finance Bloomberg News CNBC Canadian Securities Exchange (CSE) The Junior Market Review YouTube https://lnkd.in/gdkzHK7w #goldmining #goldinvestment #privateplacement #bcmining #gold #capitalmarkets #youtube