Freeport-McMoRan approved a $4.5 billion expansion of its Bagdad mine in Arizona to add about 225 million pounds of annual copper, with initial production in mid-2030.
Rio Tinto Approves $144 Million to Advance Resolution Copper
Rio Tinto approved $144 million for Resolution Copper, its 55/45 Arizona venture with BHP, covering shaft engineering, water treatment, drilling and equipment.
Array Technologies and Shoals Agree $1.32 Billion All-Stock Merger
Array Technologies and Shoals Technologies Group agreed on November 4, 2026 to an all-stock merger valuing Shoals at about $1.32 billion, leaving Shoals holders with about 65% of the combined company.
GE Vernova to Acquire Trench Group from Triton Partners for $9.0 Billion
GE Vernova (NYSE: GEV) agreed to buy Berlin-based high-voltage grid component maker Trench Group from Triton Partners for $9.0 billion, vertically integrating a bushing, instrument transformer and coil supplier. Close is expected in late 2027.
Google, Constellation Sign 890 MW Nuclear Uprate Deal
Google signed a 20-year power purchase agreement underwriting 890 MW of nuclear uprates at 11 Constellation units in PJM, plus a 15-year, 2,700 MW supply deal.
Lynas to Acquire Meteoric Resources in A$968 Million All-Share Deal
Lynas Rare Earths has agreed to acquire Meteoric Resources through an all-share scheme of arrangement with an implied equity value of A$968 million. If implemented, the deal would add the Caldeira ionic clay rare earth project in Brazil to Lynas’ Australian and Malaysian operations.
Constellation, Amazon Sign 20-Year Calvert Cliffs Nuclear PPA
Constellation and Amazon signed a 20-year agreement for 690 MW from Maryland’s Calvert Cliffs nuclear plant, backing a 190 MW uprate and $3 billion investment.
Ivanhoe Electric’s Santa Cruz PFS Puts Initial Capital at $1.43 Billion
Ivanhoe Electric’s 2026 preliminary feasibility study for Santa Cruz in Arizona puts initial capital at $1.43 billion and replaces twin roadheader declines with a single tunnel boring machine decline, with first cathode targeted for 2029.
Aecon Teams Awarded C$3 Billion of Pickering Refurbishment Contracts
Ontario Power Generation awarded Aecon’s AtkinsRéalis joint venture and Siemens Energy consortium C$3 billion of Pickering refurbishment contracts, C$1.75 billion of it Aecon’s share.
Liontown Farms Into Centenario Lithium Brine Project in Argentina
Liontown has signed a binding farm-in with NEXT Lithium Corp. to earn up to 100% of the Centenario lithium brine project in Salta, Argentina, for US$40 million of spend and up to US$140 million in milestones.