Articles from Traxys

Lilac Solutions, a leading provider of direct lithium extraction technology, and Traxys North America, a leading global physical trader and merchant in metals and natural resources, today announced a binding 10-year offtake agreement for lithium carbonate produced at Lilac's Great Salt Lake facility in Utah. The agreement represents a major milestone in advancing the project toward construction and establishes a clear commercial pathway for one of the nearest-term domestic lithium projects in the United States.

Traxys, a leading global physical trader and merchant in metals and natural resources, today announced the completion of its previously announced change of ownership. Traxys’ management, together with other investors including Optiver, a leading global market maker, acquired 100% of the ownership interests in Traxys. The transaction closed on May 31, 2023.

Traxys, a leading global physical trader and merchant in metals and natural resources, today announced a change of ownership. Traxys’ management, together with Optiver, a global market maker, CoLift, an investment firm, and an investor group active in mining and natural resources led by Regent Mercantile Holdings Limited and LOM Financial Group, will acquire all of the interests in Traxys held by funds managed by global investment firm Carlyle (NASDAQ: CG) and affiliates of Louis M. Bacon, the founder of Moore Capital Management, LP. Traxys’ management will increase its ownership stake. Financial terms were not disclosed. The transaction is expected to close in May 2023 following receipt of regulatory and other approvals.