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BQE Water Renews Operating Agreement with Glencore
BQE Water, a global leader in the treatment and management of mine impacted waters is pleased to announce the renewal of the operations services agreement with Glencore Canada Corporation (“Glencore”) for water treatment at Raglan Mine (“Raglan”), a nickel operation located in Nunavik, Quebec. BQE provides services in the Nunavik region in a joint venture with Nuvumiut Developments, an Inuit community-based organization. Under the terms of the multi-year agreement with an option to extend, the joint venture is responsible for clean water production for environmental discharge and meeting effluent quality that ensures the health of the pristine aquatic environment in the region.
Li-Cycle stock surges on $75 million investment from Glencore
Lithium-ion battery resource recovery company Li-Cycle (NYSE: LICY) announced Tuesday it has raised $75 million through a senior note financing with an affiliate of Swiss commodities giant Glencore (LON: GLEN).
Glencore last year said it planned to develop a recycling hub in Europe with Li-Cycle to produce materials including lithium carbonate in response to a global shortage of key raw materials for the fast-growing electric vehicle (EV) market.
Big Automakers Grab $1 Billion Deal for Urgently Needed Battery Metals
Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and copper from two Brazilian mines that run on hydropower.
They are joining with a special-purpose acquisition company run by a well-known mining executive who hopes to do more deals to build a large battery-metals company. Mining giant Glencore is also putting in $100 million and has agreed to turn the nickel and copper from the mines into battery-grade material at processing facilities in Western Europe and North America that would qualify for subsidies in the U.S. and Europe.
Li-Cycle and Glencore Enter into Long-Term Commercial Agreements and Close Glencore $200 Million Investment in Li-Cycle
Li-Cycle Holdings Corp. (NYSE: LICY), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced that it has executed long-term commercial agreements with Glencore plc (LON: GLEN), a leading provider of primary metals for the production of electric vehicle (EV) batteries. The Company also announced that Glencore has concurrently completed its previously announced $200 million investment in Li-Cycle through the purchase of a five-year convertible note, and that Kunal Sinha, Glencore’s Head of Recycling, has been appointed to Li-Cycle’s Board of Directors.