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Principal Technologies Inc. Announces Qualifying Transaction


About the Investment and Concurrent Financing
The Investment will be structured as a share acquisition pursuant to which the Company will acquire 80% of the issued and outstanding securities of E&E in accordance with the Investment Agreement. As consideration for the Investment, the Company will pay the shareholder of E&E:
(i)
(ii)
1,000,000 Common Shares in the capital of the Company, (each, a
Common Share ) if E&E earns €125,000 in profit before tax from the period from April 1, 2021 to March 31, 2022; plus
(iii)
250,000 Common Shares if E&E earns €250,000 in profit before tax from the period from April 1, 2021 to March 31, 2022; plus ....

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Battery-Metal Rush Pits Miners Against Marine Biologist...


The International Seabed Authority is preparing to pass regulations in July that could trigger a rush to extract metals needed to power the electric-vehicle revolution. Environmentalists say that would endanger fragile marine ecosystems and fear the ISA is too closely aligned with the emergent mining industry. The conflict exposes the complex trade-offs nations face to survive on a warming planet.
“It is a grand challenge of our time to reconcile humanity’s opposing interests in acquiring ocean resources food, minerals and energy with protecting these habitats,” said Will Homoky, a biochemist at the U.K.’s University of Leeds, who’s helped collect the environmental data being analyzed by miners and regulators. ....

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Battery-Metal Rush Pits Miners Against Marine Biologists


Article content
(Bloomberg) Controversial plans to mine the ocean floor face a key test this year when a United Nations body unveils rules that could spur the exploitation of hundreds of billions of dollars of battery metals.
The International Seabed Authority is preparing to pass regulations in July that could trigger a rush to extract metals needed to power the electric-vehicle revolution. Environmentalists say that would endanger fragile marine ecosystems and fear the ISA is too closely aligned with the emergent mining industry. The conflict exposes the complex trade-offs nations face to survive on a warming planet.
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