- Bloomberg
Japanese Trading House Mitsui Buys Shale Gas Asset in Texas
(Bloomberg) -- Japanese trading house Mitsui & Co. Ltd bought a shale gas asset in Texas that it seeks to bring to full-scale development after 2026. Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverNvidia Sales Grow So Fast That Wall Street Can’t Keep UpJain Raises $5.3 Billion in Biggest Hedge Fund Debut Since 2018Russia Is Storing Up a Crime Wave When Its War on Ukraine EndsNasdaq Futures Under Pressure as Nvidia Retreats: Markets WrapMitsui’s US-based subsi
- Benzinga
EXCLUSIVE: Atlas Lithium Partners with Mitsui for $30M Investment and Lithium Offtake, Signals Confidence in Brazil's Lithium Valley Project
Atlas Lithium Corporation (NASDAQ:ATLX) has signed definitive investment and offtake agreements with Mitsui & Co, Ltd, which the Company considers to be a strong validation of its project and team. Mitsui is purchasing $30 million in common shares of Atlas Lithium at a 10% premium to the 5-day VWAP and, at the same time, entering into an Offtake Agreement for the future purchase of 15,000 tons of lithium concentrate from Phase 1 and 60,000 tons per year for five years from Phase 2 of Atlas Lithi
- Reuters
Japan's Mitsui to invest in Atlas Lithium in the US
Japan's Mitsui & Co said on Thursday the company agreed to invest in Atlas Lithium Corporation in the United States by subscribing to a $30 million third-party allocation of new shares by the U.S. company. Atlas is developing a lithium mine project in Brazil's Lithium Valley. The project in Brazil is expected to start production in the fourth quarter of 2024, with its annual production to reach 300,000 tons of spodumene concentrate, which would be enough to be used in about 1 million electric vehicles, Mitsui said.
