Mineral and Royalty Interests

Qatar to invest in U.S.-backed critical minerals initiative

August 7, 2024

Oil Price Qatar will invest $180 million in a Europe-based critical minerals investment company, joining the U.S. development bank in supporting the firm that invests in key metals for the energy transition outside China. Qatar Investment Authority (QIA), the Gulf nation’s sovereign wealth fund, said on Wednesday it would invest $180 million in TechMet, an investment company focused on building businesses across

China and rare earth minerals-lower for longer

July 23, 2024

Oil and Gas 360 (Wall Street Journal)-The three-year bear market for rare earth minerals shows little sign of abating as market-dominant China continues to meet rising state-run production quotas despite falling prices. The intentional glutting is a long-used strategy to quell competition and investment in rivals. Feeling the brunt is one of the world’s biggest rare earth miners

U.S. set to secure critical domestic rare Earths supply chain by 2027

May 22, 2024

Oil Price The United States is on track to meet its goal to have by 2027 a domestic supply chain of rare earth elements for its defense needs, according to a senior official at the Department of Defense. The U.S. looks to cut its reliance on Chinese rare earth materials and has classified close allies Australia, Canada, and the UK

Sitio Royalties reports fourth quarter and full year 2023 operational and financial results, recent developments, and provides full year 2024 guidance

February 29, 2024

Oil and Gas 360 Announces Definitive Agreement to Acquire 13,062 NRAS in the DJ Basin for $150 Million(1) Announces $200 Million Share Repurchase Program and Updated Return of Capital Framework Closed on Previously Announced Sale of Anadarko and Appalachia Assets for $114 Million Declared $0.51 Dividend Per Share of Class A Common Stock for Fourth Quarter 2023 Issues Full Year

Elliott prepares over $1 billion to invest in metals mining assets

February 23, 2024

Oil Price Elliott Investment Management is preparing to roll out a new company with an at least $1 billion war chest to invest in metals mining assets around the world, to take advantage of the energy transition and the currently low market valuations of mining companies, the Financial Times reported on Friday, citing sources with knowledge of the plans. Elliott, the U.S.

How China is tightening its noose on critical minerals

February 13, 2024

Oil Price The historic Inflation Reduction Act (IRA) of 2022 took bold steps towards promoting U.S. production of critical minerals, with a dual-pronged goal of supporting a rapid energy transition and lessening U.S. reliance on China and Russia, two countries the U.S. the Department of Energy has tagged “foreign entity of concern” (FEOC). According to the United States Geological Survey,

Mining billionaire slams carbon capture as ‘Falsehood’

February 13, 2024

Oil Price Carbon capture has failed for decades and policymakers need real solutions to emissions reductions, not a “complete falsehood” such as CCS, according to Andrew Forrest, the Australian billionaire who is the founder of iron ore producer Fortescue Metals Group. “We’re going to keep burning fossil fuels and somehow magically get rid of the carbon down into the ground

WhiteHawk Energy to acquire Marcellus gas assets in $54 million deal

November 16, 2023

World Oil (WO) — WhiteHawk Energy LLC has announced the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million. The acquisition increases WhiteHawk’s mineral and royalty ownership in its existing 475,000 gross acre position by 100%. WhiteHawk’s Marcellus Assets are primarily located in Washington and Greene counties, Pennsylvania, which represents some

U.S. says Chinese minerals control will make energy security more complex

September 28, 2023

Oil Price China’s dominance in critical minerals mining and processing will make global energy security in the energy transition “infinitely more complex,” U.S. Secretary of Energy Jennifer Granholm said at a conference on Thursday. “The fuel of this energy transition — critical minerals — is going to make global energy security infinitely more complex and infinitely more important over

Sitio Royalties announces $500 million offering of senior notes

September 26, 2023

Oil and Gas 360 DENVER–(BUSINESS WIRE)– Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced that its subsidiaries, Sitio Royalties Operating Partnership, LP (the “Partnership”) and Sitio Finance Corp. (the “Co-Issuer” and together with the Partnership, the “Issuers”), subject to market conditions, intend to offer and sell to qualified institutional buyers pursuant to Rule 144A under the Securities Act

A critical mineral cartel would be worse than OPEC

September 15, 2023

Oil Price In her State of the Union address this week, EC President Ursula von der Leyen made a point about the EU’s growing independence in sectors such as energy, chips, and raw materials. The official stressed the importance of these raw materials for energy, after which she went on to slam China for unfair market practices. Was she

McKinsey: Key metals shortages could slow the energy transition

July 5, 2023

Oil Price Looming shortages of critical metals enabling the energy transition could slow the uptake of renewables and low-carbon solutions, McKinsey & Company warns. Supply of nickel, copper, lithium, cobalt, tin, iridium, and rare-earth element dysprosium faces shortages this decade, which would raise metals prices, supply chain pricing, and the price of finished products such as EV batteries or solar panels,

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