【SMM Flash News】Vale Base Metals Targets 20% Reserve Growth by 2027 Amid Exploration Success

Interconnect Malta (ICM) has launched a Preliminary Market Consultation (PMC) to assess the feasibility of importing 0.8 TWh of renewable energy annually from North Africa. The proposed project involves a subsea power link designed to supply approximately 25% of Malta’s total electricity demand based on 2025 figures. The government is seeking market interest and non-binding price estimates under a 25-year fixed-price Contract for Difference (CfD) mechanism, aiming to leverage North Africa’s solar and wind potential to bolster national energy resilience and carbon reduction goals.

European Energy has completed the sale of its Jonava renewable energy project in Lithuania to Energix – Renewable Energies. The massive hybrid development features a planned capacity of 470 MW, integrating 140 MW of onshore wind, 330 MWp of solar PV, and 320 MWh of energy storage. Construction is slated to begin shortly with full commercial operations targeted for 2027. This divestment highlights the company’s "develop-and-flip" model, successfully de-risking large-scale, grid-stable assets to recycle capital into its global pipeline of wind and solar projects.

The Metals Company (Nasdaq: TMC) reported a widened annual net loss of $319.8 million for 2025, driven by increased royalty liabilities and administrative costs. Despite the financial results, CEO Gerard Barron expressed confidence in the company's pathway to production, citing strengthened U.S. policy support and progress on a domestic polymetallic nodule processing hub. TMC ended 2026 Q1 with a projected liquidity of $154 million, as it continues to advance feasibility studies and regulatory permitting for its deep-sea mining projects in the Pacific Ocean.