【SMM Flash News】European Energy Divests 470MW Lithuanian Hybrid Project to Energix

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.

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.

Vale (NYSE: VALE) has announced a strategic goal to expand its copper and nickel reserves and resources in Canada and Brazil by 20% between 2024 and 2027. Following a strong 2025 performance, Vale reported that its total nickel reserves and resources rose 13% to 14 million tonnes, while copper increased 6% to 53 million tonnes. CEO Gustavo Pimenta highlighted that these organic growth pipelines are critical to the company’s decade-long plan to double copper output, positioning Vale to meet surging global demand from electrification and data infrastructure.