Australian Cannabis Producers Could Play a Major Role Internationally

Australia's medical cannabis market is growing, but can it sustain the crop of companies currently involved in the space?

Australia's domestic medical cannabis market continues to gradually open, but is it big enough to sustain the country's plethora of producers?

As the industry gets more crowded, cannabis companies are looking at business options both at home and internationally as a way to increase their reach.

With ongoing questions surrounding the legalisation of cannabis for recreational purposes, Australia's advantageous placement may allow these firms to benefit from plays further afield.

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Argyle Diamond Mine Closure: What’s Next for the Sector in Australia?

The future of the Australian diamond sector is now heavily reliant on exploration, with firms vying to make another large discovery.

Click here to read part one of this article, which covers the closure of the Argyle diamond mine.

When the mining equipment permanently shut down at Western Australia’s Argyle mine in November 2020, the country’s diamond sector entered a transitional period.

As the world’s fourth largest diamond-producing asset shuttered, domestic output of the gems instantly declined by as much as 90 percent.

The future of the Australian diamond-mining sector is now heavily reliant on exploration, with several companies vying to discover another formidable source of rare diamonds.

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AU$4 Billion Galaxy/Orocobre Merger to Create Top 5 Lithium Company

Lithium companies have been active in M&A lately, and more may follow after the proposed deal between Galaxy Resources and Orocobre.

Australia’s Orocobre (TSX:ORL,ASX:ORE) and Galaxy Resources (ASX:GXY,OTC Pink:GALXF) agreed this week to join forces in a AU$4 billion “merger of equals.” The deal comes as demand for lithium for electric vehicle (EV) batteries continues to pick up pace.

Once the merger is complete, the new company will become a top five lithium chemicals company globally — and top three outside of China — with production capacity of around 40,000 tonnes of lithium carbonate equivalent per year.

“The merged entity’s growth opportunities in both brine and hard rock position it uniquely to take advantage of expected rising EV demand for lithium,” Galaxy Chairman Martin Rowley said.

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Argyle Diamond Mine Closure: The End of a Sparkling Era

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course the coveted Argyle pink and red diamonds.

Pink and red diamonds are among the most special gems in the world. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

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SHAREHOLDER ALERT: WeissLaw LLP Investigates Square, Inc.

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Square, Inc. in connection with the Company’s proposed acquisition of Afterpay Limited . Under the terms of the agreement, Square will issue shares of Square’s Class A common stock to Afterpay shareholders, who will receive 0.375 shares of Square stock for each Afterpay share they own. The …

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Square, Inc. (“Square”) (NYSE: SQ) in connection with the Company’s proposed acquisition of Afterpay Limited (“Afterpay” or the “Company”) (ASX: APT). Under the terms of the agreement, Square will issue shares of Square’s Class A common stock to Afterpay shareholders, who will receive 0.375 shares of Square stock for each Afterpay share they own. The transaction is valued at approximately $29 billion .

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Galaxy Resources Limited Announcement

Galaxy Resources Limited advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform : Change in directors interest notice – MR The announcement can be viewed at: SOURCE Galaxy Resources Limited View original content

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Change in directors interest notice – MR

The announcement can be viewed at:

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