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Norge Mining: Major European mining project to supply critical materials for decades

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From food security to defence, project milestone ensures independence of supply chain at time of geo-political uncertainty

LONDON, Sept. 9, 2024 /PRNewswire/ — A mining project qualified to be fast tracked by the Norwegian Government is now set to secure critical and strategic minerals, (essential for food security,  semiconductors, batteries for EVs, green technologies and defense), having achieved a major milestone which proves the project’s viability. 

With growth in demand but a reliance on a limited number of producers, such as China and Russia, the creation of a new integrated value chain for critical raw materials in Europe has become a strategic imperative.

Norge Mining, the Anglo-Norwegian mineral exploration company with world-class resources of Critical Raw Materials in southwest Norway is pleased to have the business case for its Eigersund Project independently confirmed, paving the way for guaranteed supply to industries in Europe and beyond for decades to come.

The “Pre-Feasibility Study” (“PFS”) for the Eigersund Project, an environmentally and socially sustainable greenfield mining project, has been successfully completed for the first of the three zones, which represents only 5% of the entire exploration area, proving the business case of extraction of phosphate, titanium, vanadium and ferro magnetite.

John Vergopoulos, Chief Executive Officer of Norge Mining, said:

“Today’s news is a major step forward for ensuring the safe supply of critical minerals, without which many of the industries on which we rely so heavily, in particular our food supply and green technologies, would be severely compromised.  At a time of real uncertainty, the need for self reliance in the supply chain of critical materials has never been starker.  The confirmation of Norge Mining’s business case is a significant step towards delivering a vertically integrated, European supply source of EU Critical and Strategic Raw Materials. This has been achieved without compromising our commitment to the highest standards of environmental and social sustainability which are guiding the development of our business.”

The PFS gives the one zone of the Eigersund Project a net present value (“NPV”) of US$2.01 billion and states that this is expected to increase as the project progresses and optimisations are identified.  Supply of CRMs and strategic minerals from this first zone is set for the first 23 years of extraction with an expected yearly output of 20 Mtpa to begin with.

The Eigersund Project is located at the Company’s Storeknuten exploration area, which totals 26km2 and now has a JORC Mineral Resource statement totalling 3.2 billion tonnes, represents just 5% of the Company’s 520 km2 of exploration licences in southwest Norway. The Eigersund Project represents the first stage of the Company’s planned mining operations. 

The capital cost of the Eigersund Project is estimated in the PFS at US$2.31 billion, which includes the capex associated with the open-pit mine, tailings, beneficiation and infrastructure development. Opportunities to reduce the capital cost will be assessed as the project progresses.

Extraction rights for the Eigersund Project were awarded by the Norwegian government in June this year along with extraction rights for all of the Company’s other exploration licence areas marking the largest ever awarded area of over 26km2 in Norwegian history.

The Company is committed to achieving the highest standards of sustainability at the Eigersund Project and has established a research and development company in Norway, NM R&D, which is investigating alternative uses for the mine’s tailings, potentially finding commercial applications in construction, agriculture and other industries. In addition to reducing the need for tailings deposits, such applications would further enhance the Eigersund Project’s economics.

Following completion of the PFS, a bridging study is being conducted to assess project optimisation and opportunities such as tailings utilisation. Once this bridging study is complete, a Definitive Feasibilty Study (“DFS”) will commence.

The PFS was compiled jointly by the Company’s engineering and mining consultants, Hatch, Norconsult and SRK. It is based on the most recent JORC compliant resource statement for Storeknuten which was announced on 25 June 2024.

At the same time as working on the PFS, the Company and its consultants have been progressing the potential for including downstream activities in the Eigersund Project, particularly relating to the production of white phosphorus, phosphoric acid, titanium metal and vanadium. This work is progressing well and is expected to be concluded in parallel with the DFS.

The Company has founded a business in Germany, NM Deutschland GmbH, to evaluate and develop downstream opportunities in phosphorus. This significant opportunity recognises that phosphorus-based industries require high standards of sustainability in upstream and downstream processes to ensure the ESG credentials of their own products. They are also reliant on secure supply chains.

Contacts:  +44 (0) 20 7466 5000 / norgemining@buchanan.uk.com

Norge Mining                                   
John Vergopoulos, CEO

Burson Buchanan                                  
Mark Court / George Pope                                                                                                                                                                         

About Norge Mining

Norge Mining is an Anglo-Norwegian natural resources company focused on mineral exploration in Norway.

The Company’s JORC resource estimates from the Bjerkreim Exploration Project in southwest Norway have confirmed world-class deposits of the EU Critical Raw Materials phosphate, vanadium and titanium, materials with key roles in the clean energy transition, security of food supply and other areas. The provenance of these materials is also of significant strategic importance for net carbon zero and ESG commitments, a key requirement for which is supply chain transparency.

Norge Mining, which owns 61 exploration licences totalling more than 520 square kilometres in Norway, including extraction rights, is conducting a programme of exploration work, building on earlier studies by the Geological Survey of Norway (NGU).

Founded in November 2018, the Company is headquartered in the UK and has a 100%-owned Norwegian subsidiary, Norge Mineraler AS. The Company’s ambition is to become a substantial, sustainable and strategically important exploration and mining business in Europe.

For further information, please visit www.norgemining.com

View original content:https://www.prnewswire.com/news-releases/norge-mining-major-european-mining-project-to-supply-critical-materials-for-decades-302241314.html

SOURCE Norge Mining

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URBAN REVIVO Celebrates Lunar New Year with Unique Collaboration with Artist Mercedes Bellido

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January 13, 2025

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KUALA LUMPUR, Malaysia, Jan. 13, 2025 /PRNewswire/ — In celebration of the upcoming Lunar New Year, URBAN REVIVO has partnered with renowned Spanish illustrator and painter Mercedes Bellido to present a unique artistic interpretation of the Year of the Snake. This collaboration aims to extend heartfelt New Year wishes to consumers while offering a fresh perspective on traditional Lunar New Year elements through Mercedes Bellido’s distinctive artistic lens.

Mercedes Bellido, a celebrated Spanish visual artist, is known for her distinctive acrylic painting techniques. Her work is characterized by the use of vivid, highly saturated colors and the integration of ancient totems with elements of wildlife.

For this collaboration, Mercedes has meticulously crafted a series of illustrations that embody the essence of the Year of the Snake. These artworks will be featured in URBAN REVIVO store windows, LED screens, and in-store art installations, creating an immersive shopping experience filled with New Year ambiance. To enhance the festive spirit, URBAN REVIVO will also host a pop-up event at Pavilion Mall in Kuala Lumpur from January 10 to 12, January 17 to 19, and January 24 to 26, 2025. Located at the mall’s main entrance, the event will showcase a themed installation. Attendees will have the opportunity to participate in traditional Chinese cultural activities, such as traditional printmaking. Additionally, a lucky spin wheel will offer New Year prizes, inviting consumers to join in the celebrations.

Mercedes has drawn inspiration from traditional Chinese cultural symbols, prominently featuring the vibrant hue of Chinese red and the opulent tones of gold. These colors are not only visually striking but also rich in cultural significance, symbolizing good fortune, prosperity, and celebration. Central to her designs is the snake totem, a powerful emblem in Chinese astrology that represents wisdom, intuition, and transformation. Through her artistic vision, Mercedes has captured the spirit and cultural depth of the Year of the Snake, creating a collection that resonates with both traditional symbolism and contemporary aesthetics.

Richard Tang, CEO of URBAN REVIVO’s International Business, expressed his enthusiasm about the partnership. “We are honored to collaborate with the talented Mercedes Bellido, who reinterprets traditional Lunar New Year elements through her unique Baroque surrealistic perspective. The collaboration is not just an artistic crossover; it represents a splendid dialogue between Eastern and Western cultures.”

URBAN REVIVO aspires to be the go-to destination for consumers seeking fashion inspiration, offering a diverse product mix and immersive artistic shopping experiences. This collaboration with Mercedes Bellido marks a new venture in showcasing the fusion of Eastern and Western cultures through art, seamlessly integrating it into commercial spaces. This initiative provides consumers with a unique fashion experience, encouraging them to take time and savor those precious moments amidst the fast-paced demands of modern life.

“By choosing Pavilion Mall for our pop-up event, we aim to immerse consumers in the charm of Chinese culture as part of their shopping experience and enhance the festive joy of the Lunar New Year,” added Tang.

About URBAN REVIVO

Founded in 2006, URBAN REVIVO (UR) is a global live fashion brand that strives to elevate affordable high fashion by offering creative, high-quality, sustainable designs. With over 400 stores in China, Singapore, Malaysia, Thailand, Vietnam and the Philippines, and an extensive online network in Europe, North America, and beyond, URBAN REVIVO ensures the highest standards through advanced supply chain management and technology. The brand’s mission is to make high-quality fashion accessible to everyone and to become the world’s most influential fashion brand.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/urban-revivo-celebrates-lunar-new-year-with-unique-collaboration-with-artist-mercedes-bellido-302348764.html

SOURCE URBAN REVIVO

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LCY Earns ISCC PLUS Certification, Driving the Global Materials Industry’s Green Transformation

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January 13, 2025

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Delivering Valuable Solutions for Green Supply Chains and Circular Economies

TAIPEI, Jan. 12, 2025 /PRNewswire/ — LCY Chemical Corp. (LCY) has announced that its thermoplastic elastomers, polypropylene, and electronic-grade isopropyl alcohol solutions, produced at its facilities in Taiwan and Huizhou, China, have successfully achieved the International Sustainability and Carbon Certification (ISCC) PLUS certification. This achievement underscores LCY’s commitment to meeting the demands of the global supply chain while excelling in environmental responsibility and product innovation, contributing to sustainable environmental and economic development. The company’s certified solutions offer innovative support for customers and partners while driving the development of a circular economy within the green supply chain.

Joey Lin, Vice President of Operations Management at LCY, said: “Earning ISCC PLUS certification marks a significant milestone in our journey toward sustainable operations and environmental accountability. In response to the global push for carbon reduction through regulatory frameworks, we have adopted transparent and traceable supply chain management practices to achieve a more sustainable production model. This reflects our commitment to environmental and social responsibility. At the same time, we provide our customers and partners with more valuable sustainable solutions, driving the green transformation of global industries and making a meaningful contribution to sustainable development.”

The ISCC PLUS certification encompasses a range of solutions, which showcases LCY’s exceptional capabilities in delivering high-performance, eco-friendly solutions while adhering to circular economy principles. These solutions empower customers worldwide to gain a competitive edge within green supply chains:

Sustainable Thermoplastic Elastomer: Through molecular design, LCY has developed a new generation of thermoplastic elastomers with high flow properties, superior compatibility with substrates, and easy processing. This includes SBS and SIS elastomers, as well as hydrogenated versions such as SEBS and SEPS. These TPEs find wide applications in various industries, including footwear, toys, coatings, adhesives, and medical materials. The ratio of recycled material content can be tailored to meet customer requirements to reduce carbon footprints effectively.Sustainable Polypropylene: Polypropylene is a crucial plastic material in everyday applications. It can be made into post-consumer recycled polypropylene (PCR-PP) through proper recycling. This reduces reliance on virgin materials while conserving petrochemical resources. LCY offers tailored solutions to adjust the recycled material content according to customer needs, enabling customers to realize lower-carbon solutions.Sustainable Thermoplastic Vulcanizate(TPV): LCY has developed an environmentally friendly TPV rubber that can be recycled at the end of the product’s life for reuse in the manufacturing process. Unlike traditional thermoset rubber, TPV supports continuous injection molding, allowing the production of complex and diverse products while significantly lowering equipment and labor costs. This approach maximizes resource efficiency. Additionally, LCY offers customizable recycled content to help customers achieve sustainable operations.Re-EIPA: Leveraging innovative technology, LCY empowers the semiconductor industry to recover and purify waste IPA for reuse in manufacturing processes. This approach significantly cuts carbon emissions from waste disposal while meeting the sector’s growing demands in the era of AI and high-performance computing. LCY’s Re-EIPA program has successfully supported advanced semiconductor processes and packaging, becoming a critical enabler in the industry’s drive toward sustainability.

The ISCC certification is a globally recognized sustainability and carbon certification system applicable to various fields, including chemical materials. It aims to enhance sustainability and transparency across supply chains, providing concrete support for companies striving to achieve a circular economy and a greener future. The ISCC PLUS certification applies mass balance accounting principles to ensure renewable feedstocks are accurately tracked and utilized throughout production processes. This system offers end-to-end supply chain traceability, establishing a globally applicable standard for product sustainability.

LCY, driven by its commitment to technological innovation and sustainable operations, continues to support customers and partners worldwide in tackling current and future environmental challenges. With ISCC PLUS certification, LCY not only delivers low-carbon, sustainable solutions but also strengthens its position as a leader in global sustainable development. Looking ahead, LCY will further expand product certifications and collaborate with customers and partners to advance green supply chain development centered on circular economy principles, achieving a win-win for environmental stewardship and business value.

View original content:https://www.prnewswire.com/news-releases/lcy-earns-iscc-plus-certification-driving-the-global-materials-industrys-green-transformation-302348761.html

SOURCE LCY

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Redefining Charging: Anker Innovations Showcases Smart and Sustainable Solutions at CES

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January 13, 2025

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BELLEVUE, Wash., Jan. 13, 2025 /PRNewswire/ — Anker Innovations, a global leader in mobile charging and consumer electronics, today unveiled its latest groundbreaking charging innovations at the Consumer Electronics Show (CES), held January 7-10 in Las Vegas. Among the featured products from Anker mobile charging and Anker SOLIX are the 25,000mAh Anker Power Bank, Anker 140W Charger, EverForest 2 Electric Cooler and Solar Umbrella, redefining fast-charging standards for users worldwide.

The products mentioned above will soon be available in Southeast Asia as well. “As the world’s No.1 mobile charging brand, we are grateful for the support of Southeast Asian consumers,” said Leon Wu, Head of Anker Innovations Southeast Asia. “Our mission is to ignite possibilities through ultimate innovation, and we are committed to providing products that exceed consumer expectations in Southeast Asia.”

Anker Innovations, a global leader in fast-charging technologies, develops products for home, office, and on-the-go charging. By integrating Gallium Nitride (GaN) technology and proprietary features, Anker delivers a safer, faster, and more sustainable charging experience. The Anker Prime Charging Docking Station (14-in-1, 160W) won the CES 2025 Innovation Award in the Computer Peripherals & Accessories category.

Anker 25,000mAh Power Bank (165W, Built-In and Retractable Cables)

Small in size and packed with the latest PD 3.0 technology, Anker’s fast-charging power bank delivers powerful performance.

Looking at Anker’s 25,000mAh 165W compact power bank, it boasts an impressive 25,000mAh capacity. Equipped with three USB-C ports and one USB-A port, it is ideal for charging multiple devices on the go. It can charge a MacBook Air 13′(M3) 2024 1.3 times, an iPhone 16 up to 4.5 times, and boost a MacBook Pro 16″ (M3) battery to 50% in just 33 minutes.

Notably, Anker’s 25K 165W power bank is the world’s first high-power power bank with retractable cables. It includes a 22cm cable and a 69cm retractable cable, this provides flexible charging options for users on the move while walking, sitting, or lying down.

With its smart TFT color screen and vibrant user interface, the power bank provides real-time data, including output power, power bank temperature and estimated charging time. Users can pull the retractable cable to trigger screen animations featuring dynamic emojis, adding a new level of convenience and fun.

Anker 140W Charger featuring First-Ever Digital Display

Anker’s charger breaks new ground as the first to feature a digital window display, bringing advanced functionality to the forefront. Users can easily check the total power output, output for each port, view the remaining power in real-time, monitor temperature, and track the total operation time for a more comprehensive overview.

Real-time temperature monitoring ensures device safety, while Anker’s advanced Active Shield 2.0 technology enhances the safety and reliability with up to 3 million daily safety checks. Built with aerospace-grade GaN, the charger maximizes performance for faster and more efficient charging.

Additionally, the four-port charger (3 USB-C and 1 USB-A) boasts sleek aesthetics and wall mounting capabilities.

Anker Prime 250W GaN Desktop Charger (6 Ports)

The Anker Prime 250W GaN Desktop Charger is a powerful 6-port solution designed for modern multi-device users. With 4 USB-C ports and 2 USB-A ports, it offers up to 250W of total output, capable of charging multiple devices simultaneously, from smartphones to laptops. Its standout feature is the 140W max power delivery for MacBook Pro users, fully charging a 16″ MacBook Pro in under two hours via PD3.1 technology.

A key feature is the 2.3″ LCD display, which shows real-time power output for each port and can be turned off manually or automatically. The twist button control allows users to view port details, adjust priorities, and switch between power modes with ease. This GaN-based charger combines high power, compact design, and smart control, making it the ideal charging solution for professionals and tech enthusiasts alike.

Leading the Future of Charging Technology

Anker’s new line of high-speed USB-C chargers are available exclusively on apple.com and at select Apple Stores in Malaysia, designed to meet a variety of charging needs and can efficiently charge Apple Watches, AirPods, iPhones, iPads, MacBooks, and more, making them the perfect companion for Apple devices.

As a global pioneer in charging technologies, Anker continues to push the boundaries of what’s possible. Featuring cutting-edge GaN technology, these latest products deliver faster speeds, reduced heat generation, and more compact designs compared to traditional silicon-based chargers.

More importantly, these innovations are designed with user insights in mind, transforming charging devices from cold hardware into interactive and connected ecosystems, solidifying Anker’s status as a leader in next-generation charging technology.

The Anker 25,000mAh Power Bank, Anker Prime 250W GaN Desktop Charger, and Anker 140W Charger will be launched in Malaysia in Q1 2025.

About Anker

Anker is the world’s #1 mobile charging brand and a developer of high-speed charging technologies for the home, car, and on the go. This includes wall plugs, wireless chargers, car chargers, power banks, cables, and more. Find out more about Anker at anker.com

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SOURCE Anker Innovations

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