This post was originally published on this site.Lithium Americas (TSX, NYSE: LAC) has raised the estimated cost of the first phase of its flagship Thacker Pass lithium project in Nevada by 31% to $3.83 billion, citing rising labour, construction and logistics expenses. The revised budget adds $895 million in capital costs and increases the project’s funding requirement by about $995 million, the company said Wednesday. Lithium Americas expects to cover the additional amount through company contributions and available reserves under a US Department of Energy (DOE) loan. Investors reacted negatively to the news, sending Lithium Americas shares down almost 8%...

This post was originally published on this site.EverMetal Holdings has acquired UK-based critical metals recycler Advanced Alloys, expanding its superalloy recycling operations into Europe as it builds a transatlantic platform serving aerospace and other high-performance industries. The acquisition adds Sheffield-based Advanced Alloys to EverMetal’s portfolio following its purchase of US superalloy recycler CAI Custom Alloys in August last year. Financial terms weren’t disclosed. Advanced Alloys processes complex nickel, cobalt and specialty minor metals, including superalloy turnings. It also trades high-purity critical metals such as tungsten, tantalum and niobium through an international network of customers and suppliers. “Bringing Advanced Alloys together...