Latest Formation Metals (FMETF) Headlines
Global Cobalt Market 2014-2018: Global Cobalt Market Facing Supply Pressures to Drive Cobalt Prices Higher in Coming Years
M2 - Mon Feb 24, 10:21AM CST
Research and Markets (http://www.researchandmarkets.com/research/rk9vgq/global_cobalt) has announced the addition of the "Global Cobalt Market 2014-2018" report to their offering. The analysts forecast the Global Cobalt market to grow at a CAGR of 6.05 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased demand for cobalt from the Battery Chemicals industry. The Global Cobalt market has also been witnessing the supply constraints of cobalt leading to high prices. However, the cobalt supply challenges could pose a challenge to the growth of this market. Key vendors dominating this space are Glencore Xstrata plc, Freeport-McMoRan Copper & Gold Inc., Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, Sherritt International Corp., and Umicore S.A. Other vendors mentioned in the report are BHP Billiton plc, Chambishi Metals plc, Formation Metals Inc., and Vale S.A. Commenting on the report, an analyst from the team said: The Global Cobalt market is experiencing supply challenges as a result of issues principally in the DRC, such as the government's ban on the export of raw minerals, project ownership grabs, power and water shortages, armed conflicts, and general political and socio-economic instability in the West African region. The supply side of cobalt is shrinking while the demand for the metal is increasing, which is leading to higher prices for cobalt in the market. Due to the lack of reliability of the supply from the DRC and limited inventories, the Global Cobalt market is facing supply pressures which will drive cobalt prices higher in the coming years. According to the report, one of the key drivers in this market is the increased demand for cobalt from the Battery Chemicals industry for the production of rechargeable and recyclable batteries. Since cobalt is a strategic metal, another key driver is the increased use of cobalt in various industries and sectors such as Battery Chemicals, Superalloys, Renewable Energy, Healthcare, Defense, and Catalysts. For more information visit http://www.researchandmarkets.com/research/rk...bal_cobalt About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Formation Metals Announces Key Appointments and Changes to Board of Directors
Marketwire - Thu Jan 16, 6:31AM CST
Formation Metals Inc. (TSX: FCO) ("Formation") today announced that the Board of Directors of Formation (the "Board") has reached an agreement, effective January 15, 2014, with Mari-Ann Green, Scott Bending and William G. (Bill) Scales whereby these executives will relinquish their positions as CEO, President, and Executive Vice President, respectively and resign from the Board of Directors.
Formation Metals Corporate Update & Review
Marketwire - Thu Nov 21, 6:31AM CST
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") is providing today a corporate update and review for its stakeholders. The update includes a summary of the activities on the Company's 100% owned Idaho Cobalt Project ("ICP") and its current status, additional information regarding the Sunshine Precious Metals Refinery (the "Refinery") formerly owned by Formation and a summary of the austerity measures undertaken by management and its Board of Directors.
Formation Metals Secures Proceeds of US$12 Million From Sale of Refinery
Marketwire - Fri Oct 11, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") announced today that it has completed the sale of all of the shares of its indirect wholly-owned subsidiary Formation Metals, U.S. ("FMUS"), whose primary asset is the Sunshine Precious Metals Refinery (the "Refinery"), to Silver Opportunity Partners LLC, a wholly owned subsidiary of Sunshine Silver Mines, ("SSM") for US$12 million cash (the "Sale") as per the Company's news release dated September 16, 2013.
Formation Metals to Sell Refinery for US$12 Million
Marketwire - Mon Sep 16, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") announced today that it has entered into a share purchase agreement, to sell all of the shares of its indirect wholly-owned subsidiary Formation Metals, U.S. ("FMUS"), whose primary asset is the Sunshine Precious Metals Refinery (the "Refinery"), to Silver Opportunity Partners LLC, a wholly owned subsidiary of Sunshine Silver Mines, ("SSM") for US$12 million (the "Sale").
Formation Metals Corporate Update
Marketwire - Fri Jul 12, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") is pleased to provide an update on the Idaho Cobalt Project as well as an update relating to the potential sale of Formation's Sunshine Precious Metals Refinery at the Big Creek Hydrometallurgical Complex.
Formation Metals Implements Governance Committee's Recommendation
Marketwire - Tue Jul 09, 4:22PM CDT
Formation Metals Inc. (TSX: FCO) ("Formation") today announced that pursuant to an initial recommendation of the Compensation, Nomination and Corporate Governance Committee of the Board, which was previously charged with undertaking a comprehensive review of Formation's corporate governance practices, the roles of Chairman and CEO have been separated. Mr. Robert Quinn, previously Lead Director, has been appointed Chairman of the Board of Directors of Formation and Mari-Ann Green will continue in her role as director and Chief Executive Officer. The purpose of the governance review, which is ongoing, is to identify and recommend to the full Board specific governance enhancing initiatives. The Compensation, Nomination and Corporate Governance Committee is comprised entirely of independent directors.
Formation Metals Executes Mutual Release with Waterton
Marketwire - Fri Jul 05, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or "the Company") announced today that it has executed a full and final mutual release (the "Release") with certain entities that are associated or affiliated with Waterton Global Resource Management, Inc. ("Waterton") in respect of the Letter Agreement dated June 5, 2013 regarding the potential sale of its Sunshine Precious Metals refinery, copper refinery and certain lands at the Big Creek Hydrometallurgical Complex (the "Complex") in Shoshone County, Idaho.
Formation Metals Terminates Refinery Sale Agreement with Waterton
Marketwire - Wed Jun 26, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or "the Company") ("Formation" or "the Company") announced today that it has advised certain entities that are associated or affiliated with Waterton Global Resource Management, Inc. ("Waterton") that the agreement (the "Letter Agreement") outlined in the Company's news release of June 6, 2013 regarding the potential sale of its Sunshine Precious Metals refinery, copper refinery and certain lands (the "Refinery Assets") at the Big Creek Hydrometallurgical Complex (the "Complex") in Shoshone County, Idaho is terminated.
Formation Metals Announces Re-Election of Directors
Marketwire - Fri Jun 21, 5:01PM CDT
Formation Metals Inc. (TSX: FCO) today announced the re-election of Mari-Ann Green and Scott Bending after the results were revealed at today's annual general and special meeting of shareholders.
Formation Metals Announces Dismissal of Dundee's Injunction Application
Marketwire - Fri Jun 21, 8:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") announces that the Supreme Court of British Columbia today dismissed Dundee Corporation's ("Dundee") application for an injunction to halt the potential sale of Formation's Sunshine Precious Metals refinery, copper refinery and certain lands at the Big Creek Hydrometallurgical Complex in Shoshone County, Idaho, to certain entities that are associated or affiliated with Waterton Global Resource Management, Inc.
Global Cobalt Market 2014-2018: Global Cobalt Market Facing Supply Pressures to Drive Cobalt Prices Higher in Coming Years
M2 - Mon Feb 24, 10:21AM CST
Research and Markets (http://www.researchandmarkets.com/research/rk9vgq/global_cobalt) has announced the addition of the "Global Cobalt Market 2014-2018" report to their offering. The analysts forecast the Global Cobalt market to grow at a CAGR of 6.05 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased demand for cobalt from the Battery Chemicals industry. The Global Cobalt market has also been witnessing the supply constraints of cobalt leading to high prices. However, the cobalt supply challenges could pose a challenge to the growth of this market. Key vendors dominating this space are Glencore Xstrata plc, Freeport-McMoRan Copper & Gold Inc., Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, Sherritt International Corp., and Umicore S.A. Other vendors mentioned in the report are BHP Billiton plc, Chambishi Metals plc, Formation Metals Inc., and Vale S.A. Commenting on the report, an analyst from the team said: The Global Cobalt market is experiencing supply challenges as a result of issues principally in the DRC, such as the government's ban on the export of raw minerals, project ownership grabs, power and water shortages, armed conflicts, and general political and socio-economic instability in the West African region. The supply side of cobalt is shrinking while the demand for the metal is increasing, which is leading to higher prices for cobalt in the market. Due to the lack of reliability of the supply from the DRC and limited inventories, the Global Cobalt market is facing supply pressures which will drive cobalt prices higher in the coming years. According to the report, one of the key drivers in this market is the increased demand for cobalt from the Battery Chemicals industry for the production of rechargeable and recyclable batteries. Since cobalt is a strategic metal, another key driver is the increased use of cobalt in various industries and sectors such as Battery Chemicals, Superalloys, Renewable Energy, Healthcare, Defense, and Catalysts. For more information visit http://www.researchandmarkets.com/research/rk...bal_cobalt About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Formation Metals Announces Key Appointments and Changes to Board of Directors
Marketwire - Thu Jan 16, 6:31AM CST
Formation Metals Inc. (TSX: FCO) ("Formation") today announced that the Board of Directors of Formation (the "Board") has reached an agreement, effective January 15, 2014, with Mari-Ann Green, Scott Bending and William G. (Bill) Scales whereby these executives will relinquish their positions as CEO, President, and Executive Vice President, respectively and resign from the Board of Directors.
Formation Metals Corporate Update & Review
Marketwire - Thu Nov 21, 6:31AM CST
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") is providing today a corporate update and review for its stakeholders. The update includes a summary of the activities on the Company's 100% owned Idaho Cobalt Project ("ICP") and its current status, additional information regarding the Sunshine Precious Metals Refinery (the "Refinery") formerly owned by Formation and a summary of the austerity measures undertaken by management and its Board of Directors.
Formation Metals Secures Proceeds of US$12 Million From Sale of Refinery
Marketwire - Fri Oct 11, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") announced today that it has completed the sale of all of the shares of its indirect wholly-owned subsidiary Formation Metals, U.S. ("FMUS"), whose primary asset is the Sunshine Precious Metals Refinery (the "Refinery"), to Silver Opportunity Partners LLC, a wholly owned subsidiary of Sunshine Silver Mines, ("SSM") for US$12 million cash (the "Sale") as per the Company's news release dated September 16, 2013.
Formation Metals to Sell Refinery for US$12 Million
Marketwire - Mon Sep 16, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") announced today that it has entered into a share purchase agreement, to sell all of the shares of its indirect wholly-owned subsidiary Formation Metals, U.S. ("FMUS"), whose primary asset is the Sunshine Precious Metals Refinery (the "Refinery"), to Silver Opportunity Partners LLC, a wholly owned subsidiary of Sunshine Silver Mines, ("SSM") for US$12 million (the "Sale").
Formation Metals Corporate Update
Marketwire - Fri Jul 12, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") is pleased to provide an update on the Idaho Cobalt Project as well as an update relating to the potential sale of Formation's Sunshine Precious Metals Refinery at the Big Creek Hydrometallurgical Complex.
Formation Metals Implements Governance Committee's Recommendation
Marketwire - Tue Jul 09, 4:22PM CDT
Formation Metals Inc. (TSX: FCO) ("Formation") today announced that pursuant to an initial recommendation of the Compensation, Nomination and Corporate Governance Committee of the Board, which was previously charged with undertaking a comprehensive review of Formation's corporate governance practices, the roles of Chairman and CEO have been separated. Mr. Robert Quinn, previously Lead Director, has been appointed Chairman of the Board of Directors of Formation and Mari-Ann Green will continue in her role as director and Chief Executive Officer. The purpose of the governance review, which is ongoing, is to identify and recommend to the full Board specific governance enhancing initiatives. The Compensation, Nomination and Corporate Governance Committee is comprised entirely of independent directors.
Formation Metals Executes Mutual Release with Waterton
Marketwire - Fri Jul 05, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or "the Company") announced today that it has executed a full and final mutual release (the "Release") with certain entities that are associated or affiliated with Waterton Global Resource Management, Inc. ("Waterton") in respect of the Letter Agreement dated June 5, 2013 regarding the potential sale of its Sunshine Precious Metals refinery, copper refinery and certain lands at the Big Creek Hydrometallurgical Complex (the "Complex") in Shoshone County, Idaho.
Formation Metals Terminates Refinery Sale Agreement with Waterton
Marketwire - Wed Jun 26, 6:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or "the Company") ("Formation" or "the Company") announced today that it has advised certain entities that are associated or affiliated with Waterton Global Resource Management, Inc. ("Waterton") that the agreement (the "Letter Agreement") outlined in the Company's news release of June 6, 2013 regarding the potential sale of its Sunshine Precious Metals refinery, copper refinery and certain lands (the "Refinery Assets") at the Big Creek Hydrometallurgical Complex (the "Complex") in Shoshone County, Idaho is terminated.
Formation Metals Announces Re-Election of Directors
Marketwire - Fri Jun 21, 5:01PM CDT
Formation Metals Inc. (TSX: FCO) today announced the re-election of Mari-Ann Green and Scott Bending after the results were revealed at today's annual general and special meeting of shareholders.
Formation Metals Announces Dismissal of Dundee's Injunction Application
Marketwire - Fri Jun 21, 8:31AM CDT
Formation Metals Inc. (TSX: FCO) ("Formation" or the "Company") announces that the Supreme Court of British Columbia today dismissed Dundee Corporation's ("Dundee") application for an injunction to halt the potential sale of Formation's Sunshine Precious Metals refinery, copper refinery and certain lands at the Big Creek Hydrometallurgical Complex in Shoshone County, Idaho, to certain entities that are associated or affiliated with Waterton Global Resource Management, Inc.
