U.S. nickel-cobalt miner Missouri Cobalt hires bank to go public through SPAC, Alopan.in, Latest News Today- Breaking News, Top News Headlines
Missouri Cobalt bills itself as the only vertically integrated cobalt producer in North America. Former Glencore head Willy Srothotte is a director.
Its flagship Madison mine in Missouri is estimated to hold 72 million pounds of recoverable cobalt, 105 million pounds of nickel and 103 million pounds of copper, the company said.
Funds would be used to scale up operations, which could include battery recycling and processing of third-party material, one of the sources said.
The sources spoke on condition of anonymity because the decision is not yet public.
Existing tailings and underground deposits are expected to yield total annual production of at least 5 million pounds of cobalt, 6 million pounds of nickel and 22 million pounds of copper by 2023, a company document seen by Reuters showed.
Construction of a hydrometallurgical facility for production of battery-grade cobalt and nickel is nearing completion, according to the document.
IVAN run by Morgan Stanley
Industries related to the paradigm shift away from fossil fuels towards the electrification of industry and society. Our targets may include any company in the supply chain from mine site to the end user of electrification products and services, including in the transportation, e-mobility, electric propulsion, battery technology, and storage sectors. These include companies exploring for, mining, processing, or refining the metals necessary for electrification (in particular, copper, nickel, cobalt, and the platinum group metals – platinum, palladium, and rhodium), the manufacturers of batteries and battery components, electric grid component manufacturers, and producers of electric vehicles, component parts, and battery storage.”
ESM – Credit Suisse acted as the sole book-running manager.
Mick Davis launches $300 million battery metals SPAC
below are sectors that we believe are currently undergoing transformation, have attractive growth-oriented characteristics and will benefit from the next industrial revolution:
Automotive: Electric vehicles and autonomous vehicles
Energy: Storage, renewables and energy efficiency
Manufacturing: Automation/robotics, artificial intelligence, big data analytics, 3D printing and smart factory
Materials: Chemicals, advanced materials and sustainable materials
Space: Remote sensing and space traffic management
Transportation: Data analytics, digital trade and alternative fuels
lots of trump stuff on board, miners like trump too
He has been tied to Alcoa for decades, when ever someone is talking about Alcoa his name always gets mentioned. When he came into office the first 2 things he did was help out the steel and aluminum industries. The trump administrations big push for merica rear earth minerals mining was Wilbur’s idea.. “US President Donald Trump has declared an emergency over the country’s growing dependence on foreign minerals, Commerce Secretary Wilbur L. Ross said during a visit to the Rio Tinto Resolution copper mine in Phoenix, Arizona.” Also Ross pushed for the US to buy Greenland from the Dutch, Greenland has vast amounts of rare earth minerals. https://metallurgprom.org/en/news/mining-industry/5431-tramp-objavil-chrezvychajnuju-situaciju-v-gornodobyvajuschem-sektore-ssha-uilbur-ross.html
i wonder if goldman would think it was to tacky to reccomend a spac they front run