Joint venture partner's project advances with new geophysics program targeting copper, platinum, palladium
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Giga Metals CorporationPrivate▲ Positive
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Company launches geophysics program at its Turnagain Project's Attic Zone
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EVAT expects retired EV batteries to reach 9,349 tonnes by 2030, pushes for management system
The Electric Vehicle Association of Thailand, or EVAT, hosted a forum to present the findings of a feasibility study on the technical aspects and sustainable recycling of electric vehicle batteries, under the Thai-German Cooperation on Energy, Mobility and Climate, or TGC EMC. The study forecasts that the volume of all battery types examined that are retired from vehicles will rise from about 1.4 gigawatt-hours, or 9,349 tonnes, in 2030 to about 9.8 gigawatt-hours, or 73,855 tonnes, in 2038. Suroj Sangsnit, president of the Electric Vehicle Association of Thailand, said the growth of electric vehicles is a major opportunity for Thailand, but that the transition will only be sustainable if there is a battery management system covering the entire life cycle. Assistant Professor Dr. Uthen Supatti, head of the EVAT TGC EMC project, said Thailand must prepare systems to support both the assessment of battery condition for reuse as energy storage and the proper channelling of end-of-life batteries into recycling. The study indicates that setting up recycling plants alone may face limitations in terms of cost-effectiveness, while business models that integrate everything from sorting and manufacturing energy storage systems through to recycling have the potential to generate better returns. The study was conducted by a consulting team from the Thailand Development Research Institute, or TDRI, and the event also featured a joint discussion among representatives from the public and private sectors, including the Board of Investment, BMW Group Thailand, SK tes Thailand and PricewaterhouseCoopers FAS.
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Electrification & Mobility › Battery Recycling & Circularity ▲Regulation
Critical Materials & Supply Chain › Lithium Battery Recycling ▲Regulation
Critical Materials & Supply Chain › Nickel & Cobalt Recycling ▲Regulation
BHP Divests Shuttered Kambalda Nickel Plant to Gold Fields
BHP said Tuesday it agreed to sell its Kambalda nickel concentrator plant, along with a package of tenements and mineralization rights in Western Australia, to Gold Fields for an undisclosed sum. BHP called Gold Fields a reliable and credible operator that will evaluate options for the long-term use of the concentrator and offer employment to people directly supporting the asset. BHP suspended operations across its entire Nickel West business in early 2024 as metal prices plunged amid global oversupply, taking a $2.5B impairment on its nickel assets that year. Australia has since designated nickel a critical mineral, making the industry eligible for billions of dollars in government support. BHP said it will review the suspension by February 2027, assessing options including divestment, continuing temporary suspension, restart, or closure.
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Critical Materials & Supply Chain › Nickel & Cobalt Supply
Critical Materials & Supply Chain › Nickel & Cobalt Mining Supply
BHP.LSE · Capital · Positive BHP divests the shuttered Kambalda nickel asset, offloading a suspended operation after its $2.5B Nickel West impairment.
GFI · Capital · Positive Gold Fields agreed to acquire BHP's Kambalda nickel concentrator, tenements and mineralization rights, expanding its asset base.
NICKEL · Supply · Neutral The sale of a shuttered concentrator doesn't change nickel supply, though it follows the global oversupply that crushed prices.
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Evolution Metals Taps INERGX for Planned 5 GW US Critical Materials Facility
Evolution Metals & Technologies Corp. has signed a Strategic Partnership Letter of Intent with UK-based INERGX Energy Optimisation Ltd. to engineer, supply, integrate and service the energy storage and power optimization systems for its planned critical materials and battery black mass recovery facility in the United States. The Facility is planned at approximately 1 GW of on-site capacity within two years, equivalent to the output of one typical U.S. nuclear reactor, and up to approximately 5 GW at full build-out, equivalent to five reactors and to the annual electricity use of approximately 4 million American homes, powered by on-site LNG generation. Under the LOI, INERGX intends to source cells, packs and battery management systems through qualified European or other approved non-China partners, with full country-of-origin documentation and no change in source without EM&T's written approval, addressing the roughly 85% share of global battery cell manufacturing capacity located in China in 2024. INERGX will carry out a First Block Study within eight weeks of receiving EM&T's site inputs, with definitive agreements for the first block targeted within twelve weeks of the study's delivery and acceptance, and a long-term service agreement with an anticipated initial term of ten years. The partnership comes as EM&T executes on its previously announced fiscal 2027 revenue guidance of $400 million to $460 million, reflecting the expected first full-year contribution from expanding its Pohang, Republic of Korea magnet capacity to approximately 10,000 metric tons annually.
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Energy Transition & Power Demand › Energy Storage & Grid Flexibility ▲Supply
Defense & Geopolitical Fragmentation › Sovereign Critical Minerals & Magnets Supply
Critical Materials & Supply Chain › Lithium Battery Recycling ▲Supply
Critical Materials & Supply Chain › Nickel & Cobalt Recycling ▲Supply
Electrification & Mobility › Battery Recycling & Circularity ▲Supply
Critical Materials & Supply Chain › Nickel & Cobalt Supply
EMAT · Demand · Positive Signs LOI with INERGX to engineer and supply energy storage for its planned 1-5 GW US critical materials and battery black mass recovery facility, advancing its expansion.
EMAT · Capital · Positive Partnership supports execution on previously announced fiscal 2027 revenue guidance of $400-460 million tied to expanding Pohang magnet capacity.
Purecore Metals Announces Up to C$2.5 Million Non-Brokered Private Placement
Purecore Metals Inc. intends to complete a non-brokered private placement for aggregate gross proceeds of up to C$2,500,000, the company announced on October 2, 2026. The offering will combine hard dollar units priced at C$1.35 each and flow-through units priced at C$1.50 each, with each unit consisting of one common share and one warrant. Each warrant entitles the holder to acquire one warrant share at C$2.00 for 36 months from the applicable closing date, subject to acceleration if the closing price on the Canadian Securities Exchange equals or exceeds C$2.50 for ten consecutive trading days. Net proceeds from the hard dollar units are expected to fund mineral exploration, property expenditures and acquisitions, and general corporate and working capital purposes, while gross proceeds allocated to the flow-through shares will be used to incur eligible Canadian exploration expenses that the company intends to renounce to subscribers with an effective date no later than December 31, 2026. Completion remains subject to customary closing conditions and regulatory approvals, and all securities issued will be subject to a four-month hold period.
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Energy Transition & Power Demand › Uranium Mining & Development Capital
Critical Materials & Supply Chain › Copper Mining & Concentrate Capital
Critical Materials & Supply Chain › Nickel & Cobalt Mining Capital
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Viridian Metals Hits Sulphides Across 3 km of Step-Out Drilling at Kraken Main
Viridian Metals Inc. reported that all eight successfully drilled step-out holes along a roughly 3-kilometre southern extension of the Kraken Main Zone in Labrador intersected visually identified sulphides, including the same patchy net-textured and semi-massive styles seen in the established Main Zone. The company said VKS26-063 intersected 47.3 metres of patchy net-textured sulphides, VKS26-065 intersected 41.8 metres, VKS26-062 intersected 33.2 metres and VKS26-059 intersected 28.0 metres, while VKS26-062 and VKS26-060 returned 7.7 metres and 6.7 metres of semi-massive sulphides respectively. Seven holes encountered patchy net-textured sulphides from the top of bedrock and five ended in that material, though laboratory assays are still required to determine metal grades. Viridian also said it engaged Toronto-based Oak Hill Financial Inc. for business and capital markets advisory, marketing and investor relations services effective September 16, 2026, on an initial two-month term at a monthly advisory fee of C$12,000, and that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company.
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Critical Materials & Supply Chain › Nickel & Cobalt Mining ▲Capital
Critical Materials & Supply Chain › Copper ▲Capital
Critical Materials & Supply Chain › Nickel & Cobalt Capital
Viridian Metals Inc. · Technology · Positive All eight step-out holes at Kraken Main intersected sulphides, extending the mineralized zone ~3 km
Viridian Metals Inc. · Capital · Positive Engaged Oak Hill Financial for capital markets advisory and gained DTC electronic clearing eligibility in the US
Lundin Mining Boosts Buyback by US$100 Million as Share Count Rises
Lundin Mining Corporation reported that its issued and outstanding common shares with voting rights rose by 22,173 to 851,359,558 as of September 30, 2026, an increase from August 31, 2026 resulting from the exercise of employee stock options and the vesting of employee share units. The company said it did not purchase any shares for cancellation under its Normal Course Issuer Bid program during that period. Under its shareholder distribution policy, Lundin Mining is committed to allocating up to US$150 million in annual share buybacks through the NCIB program, and its Board of Directors has approved an increase of up to US$100 million to the share repurchase program for the remainder of 2026. So far during 2026, the company has acquired 6,098,494 common shares at an average cost of approximately C$35.70 per share. Lundin Mining is a Canadian mining company headquartered in Vancouver with three operating mines in Brazil and Chile, and its shares trade on the Toronto Stock Exchange under LUN and on Nasdaq Stockholm under LUMI.
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Critical Materials & Supply Chain › Copper Mining & Concentrate Capital
Critical Materials & Supply Chain › Nickel & Cobalt Mining Capital
0RQ9.LSE · Capital · Positive Board approved an increase of up to US$100 million to its share buyback program for the remainder of 2026