Micro Cap Miner Lands Major Partnership as Cesium Demand Surges [Globe and Mail, The (Toronto, Canada)]
Albemarle Corporation (ALB)
Last albemarle corporation earnings: 2/19 04:15 pm
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Source: Globe and Mail, The
That's exactly what happened with a recent major announcement in the cesium mining sector. Power Metals Corp (TSX-Venture: PWM) (OTCQB: PWRMF) announced this morning that they have reached a major commercial milestone with Albemarle Corporation (NYSE: ALB) , a global leader in critical minerals, through an offtake agreement for cesium oxide concentrate from the Case Lake Project in Ontario. Under the deal, Albemarle has acquired the current offtake rights previously held by Winsome Resources and agreed to a prepayment of up to CAD$5 million. The agreement allows Albemarle to secure all offtake from Case Lake, a project known for its near-surface, high-grade cesium deposits, which is advancing toward its production target of 2026. This transaction provides immediate financial benefits to Power Metals' shareholders through a fully non-dilutive funding structure. The prepayment will be delivered in stages: CAD$2 million upon execution of the agreement and CAD$3 million following the
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ALB
News
- Albemarle (NYSE:ALB) had its price target raised by analysts at BMO Capital Markets from $136.00 to $145.00. They now have an "outperform" rating on the stock.MarketBeat
- Albemarle (NYSE:ALB) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $147.00 price target on the stock, up previously from $58.00.MarketBeat
- Lithium Royalty Corp. Congratulates Power Metals on Offtake Agreement with Albemarle; Power Metals Reaffirms 2026 Production Target [Yahoo! Finance]Yahoo! Finance
- Lithium Royalty Corp. Congratulates Power Metals on Offtake Agreement with Albemarle; Power Metals Reaffirms 2026 Production TargetBusiness Wire
- POWER METALS REACHES CESIUM CONCENTRATE OFFTAKE AGREEMENT WITH ALBEMARLE [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
ALB
Earnings
- 11/5/25 - Beat
ALB
Sec Filings
- 12/12/25 - Form 8-K
- 11/13/25 - Form SCHEDULE
- 11/10/25 - Form 4
- ALB's page on the SEC website