Samsung SDI is set to acquire an 8.7% equity interest in Canada Nickel for $18.5m in a private placement, purchasing around 15.6 million shares representing an eight-hour share of the company. The acquisition will be part of a subscription agreement and investor rights agreement with Canada Nickel, allowing Samsung SDI to maintain its shareholding of 7.5% or more in any future common shares issued. In addition, Samsung SDi has the right to purchase a 10% interest in the Crawford project, exercisable upon a final construction decision. The private placement is expected to be closed around 31 January 2024, subject to customary closing conditions including the approval of the TSX Venture Exchange.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
