Neometals launches first equity raise in 11 years

This placement is being offered at a 24% discount to the company's stock close on 20 November.

View in browser View in browser  |  Forward to a friend  |  Signup In Brief November 21, 2023 | Up-to-date international news and features on the energy industry Spotlight Canada launches $1.1bn critical minerals fund The funding, available for seven years, will support the sustainable development of critical mineral production. Latest news Neometals launches first equity raise in 11 years   This placement is being offered at a 24% discount to the company's stock close on 20 November. Peninsula taps investors to restart Lance uranium mine in US The company is planning to restart production at the Lance uranium mine by late next year. Thyssenkrupp lays foundation for €800m German steel facilities With the modernisation, thyssenkrupp can now expand and improve flexibility and increase production capacities. ChatGPT one year on: how have businesses been affected? One year on from its release, OpenAI's ChatGPT has started a public conversation about the effects of AI. But what will it mean for business? Charger and Rio Tinto enter farm-in deal for WA lithium project With the farm-in agreement, Rio Tinto Exploration can earn the right to acquire a stake of up to 51% in the lithium project. Vale and Sumitomo reach initial deal to sell Indonesia unit stake Through the divestment, MIND ID will become the largest shareholder in PTVI, with its stake increasing from 20% to 34%. Spartan secures firm commitments worth $16m for Dalgaranga project in WA Spartan will allocate A$12m to cover corporate costs and for general working capital, and A$1.2m for transaction and other costs. Read more news In-depth read AI and its growing role in driving efficiency in mining activities The AI theme is extremely prominent in mining, with companies desperate to find new methods to improve productivity and minimize costs, while also finding new sources of minerals. AI is already playing a big role; however, its influence will only grow in the years to come. AI enables mining companies to use autonomous machinery and data to improve efficiency and productivity and reduce downtime. AI can help companies better understand the environment and terrain where exploitation is to begin. Free digital magazine: latest issue MINE Australia Issue 37 | November 2023 In this issue: Reforming labour laws, improving carbon trading, automating with AI, and renewing port infrastructure Click here to view the magazine. GlobalData network Power Technology   |   Offshore Technology   |   Energy Monitor Thank you for reading. Please send any news or comments to: energy.editorial@verdict.co.uk Contact us LinkedIn | Twitter Editorial energy.editorial@verdict.co.uk Advertise with us Click here About Mining Technology Mining-technology.com is one of a network of 30+ proprietary B2B websites, with an unrivalled global audience of active decision makers, influencers, and opinion leaders across the world with a combined readership of 55 million industry professionals each year.   Was this email forwarded to you? Sign up here GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom Unsubscribe Manage Preferences London