Safire Technology Group (SFTG) has announced an $8 million injection of new financing led by Canaan Partners, alongside contributions from Correlation Ventures, Higher Life Ventures, Automotive Ventures, and others. This Pre-Series A round brings total funding to $11 million, propelling further development of the company’s… Read More »Safire Group Raises $8 Million to Advance Lithium-Ion Battery Safety
Australian lithium producer Allkem, formerly known as Orocobre, has entered into a A$15 billion merger agreement with New York Stock Exchange-listed Livent Corp. The deal comes as prices and demand for lithium, a key component in electric vehicle (EV) batteries, continue to rise. The announcement… Read More »Allkem and Livent Corp Join Forces in A$15 Billion Merger, Bolstering Lithium Production for EV Batteries
Liontown Rejects Albemarle’s US$3.7 Billion Proposal Liontown Resources, an Australian battery metals exploration company, has rejected a non-binding indicative proposal from leading lithium producer Albemarle Corp. The offer valued Liontown at A$5.50 billion (US$3.66 billion), but the company’s board unanimously determined that the proposal significantly… Read More »Liontown Resources Turns Down Albemarle’s US$3.7 Billion Acquisition Offer
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