A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
Mineweb reported that Rockwood Holdings Inc. (NYSE:ROC), whose plan to buy Talison Lithium Ltd. (TSX:TLH) was derailed by Chengdu Tianqi Industry Group Co. Ltd. late last year, has not yet reallocated the funds it had planned to use for the purchase. Further, it has no plans to do so until Chengdu Tianqi’s deal is a “sure thing.”
Canada Lithium Corp. (TSX:CLQ) announced that commissioning has started at its open-pit lithium mine and processing facility located close to Val d’Or, Quebec, noting that it plans to ship the first lithium carbonate associated with its Tewoo offtake agreement in March 2013.
Pure Energy Minerals Ltd. (TSXV:PE) announced that MIZ Comercializadora SA de RL has agreed to provide it with services such as advisory on alternative methods of extracting and recovering lithium. As part of the agreement, which is for an initial three-month term, Tom Currin, president of MIZ, will act as strategic advisor to Pure Energy’s board.
Talison Lithium Ltd. (TSX:TLH) announced that after finishing discussions with a wholly-owned subsidiary of Chengdu Tianqi Industry Group Co. Ltd., it has agreed to allow Tianqi to acquire the balance of ordinary Talison shares that it does not already own. The decision means that Tianqi’s bid was deemed more favorable than the one put forward by Rockwood Holdings Inc. (NYSE:ROC).
Reuters reported that Wanxiang Group Corp.’s plan to acquire A123 Systems Inc. (OTC Pink:AONEQ), which filed for Chapter 11 bankruptcy protection last month, has been approved by China’s government. The deal must still be approved by the US government and is contingent on whether A123 receives better bids at an auction next month.
Pan American Lithium Corp. (TSXV:PL,OTCBB:PALTF) announced that as of November 26, it has officially shifted its focus to developing and commercializing the potash located in its Chilean brine salars. To reflect that change, the company has changed its name to First Potash Corp. and will trade on the TSX Venture Exchange under the symbol FSP and on the OTC Bulletin Board under the symbol SALTF; these changes are also effective November 26.
Bloomberg Businessweek reported that after receiving final approval from a Delaware-based judge, lithium-ion battery maker A123 Systems Inc. (OTC Pink:AONEQ) will receive $50 million in bankruptcy financing from Wangxiang Group, a Chinese auto-parts manufacturer.
Critical Elements Corp. (TSXV:CRE,OTCQX:CRECF) announced that results from a location study conducted by independent strategic consulting firm SECOR show that the best location to construct the company’s lithium carbonate secondary transformation plant is the Rose property.
Canada Lithium Corp. (TSX:CLQ) announced that its Quebec lithium project is still on track to begin shipping lithium carbonate in March 2013 and commented that growth in demand is keeping the lithium market strong.
Rockwood Holdings Inc. (NYSE:ROC) announced that it has agreed to purchase Talison Lithium Ltd. (TSX:TLH) for about C$724 million using existing cash and new debt financing.
