energy transition

Battery X Metals has optimized its Canadian asset base by relinquishing four claims at the Belanger Project, reducing its landholding to approximately 2,133.6 hectares. The company secured an extension for exploration work until April 2026. Battery X Metals is reviewing strategic options for the project, reinforcing its commitment to battery metals initiatives.

Ares Management Corporation is investing €2 billion for a 20% stake in Plenitude, a European energy transition leader controlled by Eni, valuing the company at €12 billion. Plenitude operates in 15 countries, with a significant renewable energy capacity and EV charging infrastructure. Ares’s Alternative Credit funds are leading the investment, supporting Plenitude’s growth strategy.

Pure Energy Minerals appointed Cam Hosie, SLB’s New Energy SVP and former 8 Rivers CEO, to its board, enhancing expertise in decarbonization technologies and lithium extraction. Hosie’s leadership strengthens ties to SLB’s $3.2B R&D infrastructure, potentially accelerating Nevada brine projects under their 2019 partnership. His appointment aligns with rising lithium demand and SLB’s focus on modular direct lithium extraction (DLE) systems. While analysts highlight strategic advantages for tech commercialization and EV supply chains, challenges include leadership transition risks and market skepticism. The move follows Patrick Galletti’s departure, reflecting sector trends prioritizing operational expertise amid global lithium market shifts.