The miner’s CEO, Jonathan Evans said that the company is expected to make a final investment decision on the project in early 2025.
Thacker Pass, slated to open later this decade, is expected to produce 40,000 metric tons of battery-quality lithium carbonate per year in its first phase, enough for up to 800,000 electric vehicles. The merger of Honda, Japan’s second-largest automaker, with Nissan, its No. 3, would be the biggest reshaping in the global auto industry since Fiat Chrysler Automobiles and PSA merged in 2021 to create Stellantis in a US$52-billion deal.
Xerox, a household name globally, has seen its revenue shrink for five straight quarters as demand for printers and related equipment sputtered in the digital age. The company also faces tough competition from HP and Canon, among others.The Lexmark deal, which includes its debt, will provide Xerox a much-needed scale to compete better.
The outcome means the case could be tried again in the future - something Arm vowed to pursue in a statement following the verdict. Judge Maryellen Noreika, who presided over the case in U.S. federal court in Delaware, encouraged Arm and Qualcomm to mediate their dispute. The jury also found that Qualcomm’s chips, created using Nuvia technology and central to Qualcomm’s push into the personal computer market, are properly licensed under its own agreement with Arm, clearing the way for Qualcomm to continue selling them.
It could also strengthen Lilly’s case with commercial insurers and employers, who have previously hesitated to cover the drug due to its high cost. News Corp will gain a board seat and hold a 6-per-cent stake in DAZN, a London-headquartered streaming platform available in North America, Europe, and Asia and backed by Ukranian-born billionaire Len Blavatnik.
Calgary-based Vermilion said it represents 5 per cent year-over-year production growth and is forecast to generate more than $110-million of annual free cash flow.), Vermilion’s peer and largest producer in the Deep Basin, bought rival Bonavista Energy for $1.45-billion, adding 600,000 boepd to its production capacity.
The acquisition could also mark one of the final undertakings by Fiserv CEO Frank Bisignano, who has been picked by President-elect Donald Trump to head the Social Security Administration. The company’s shareholders will get US$24.25 in cash for each share held, an increase from the US$23 apiece offer made in September.
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