Worley Secures Engineering Services Contract With US Strategic Metals for Missouri Factory

Lifezone Metals Limited announced a US$8 million reduction in the cap on consideration payable to BHP Billiton (UK) DDS Limited, after an independent expert review confirmed the Kabanga Nickel Project's Resettlement Action Plan remained in material alignment with the International Finance Corporation's Performance Standard 5. The reduction follows the July 2025 definitive agreement under which Lifezone is acquiring BHP's 17% equity interest in Kabanga Nickel Limited, which required independent verification after a 12-month period that the plan had been prepared, developed and implemented in material alignment with IFC PS5 objectives. The review was conducted during August and September 2026 by Ed O'Keefe of Synergy Global Consulting, acting as the RAP expert, who confirmed the finding in a detailed report following a desktop review and site visit. Consideration payable to BHP comprises two deferred cash payments: a fixed payment of US$10 million, payable on the earlier of 12 months after the Final Investment Decision on the Kabanga Nickel Project or Lifezone raising US$250 million in aggregate funding, and a contingent payment payable 12 months after first commercial production, based on a reference amount of US$28 million indexed to Lifezone's share price. Lifezone CEO Chris Showalter said the confirmation reflects the care and discipline being applied as the company progresses and the strength of its approach to responsible project development at Kabanga.

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.

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.

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.