Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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How will the Swedish government pay for an extra $4Billion of investment in the military by 2025?
https://www.theguardian.com/world/2020/oct/15/sweden-to-increase-military-spending-by-40-as-tension-with-russia-grows
Suzy, if you don’t know what to make of it what hope do the rest of us have,
Don't quite know what to make of it. Focus on exploration of rare earth metals and no mention of the ore running out in Kiruna.
(continued)
To obtain these metals, EU countries today depend on production in other countries. When it comes to rare earth metals (see facts), for example, China is the dominant producer in the world, 97 percent is extracted there according to SGU. This also applies to lithium, an important metal in battery production. Today, production takes place mainly from salt lakes in South America and in mines in Australia. Cobalt is another metal needed for batteries. According to SGU, Congo accounts for 64 percent of world production, a country with poor conditions for miners, child labor and conflicts, according to Amnesty International, among others. It has been thought that we soon forgot that there was a border between Norr and Västerbotten about two billion years ago there was a continental shelf between the two counties. The southern Skellefte plate slid down under the Norrbotten plate. There was volcanism on the seabed, such as in present-day Indonesia. The volcanism spewed minerals on the seabed in lenses along the plate boundary. Since then, the bedrock has been deformed, lifted and folded. When the above mountains eroded, the lenses came to light. The area is framed by gneiss and granite and volcanic mineral-rich rocks.
Since mining began in the 1920s here in Västerbotten, 28 mines have been opened here, five of which are open today and we believe that more should be able to start.
What we should focus on in particular are rare earth metals. There are 17 pieces. Scandium, cerium and lanthanum are some. Used, for example, in mobile phones, wind turbines and electric vehicles. Lithium
Silver white and light metal. Found in pegmatite, which has been found in Varuträsk, the Stockholm archipelago and in Västernorrland, among other places. Used in batteries.
Cobalt metal with a high melting point that is magnetic. Used for alloys, catalysts, medicine and in batteries.
With kind regards
Isak From (S). "
""Answer from Isak From (S)
regarding motion on mineral policy.
“Thank you for your email
We do not point out individual mining projects in our motion. But what we are doing with our motion is to point out the problem that current legislation does not take into account the necessary climate change, and the mineral dependence that climate change gives rise to.
The government, regardless of color, must now follow current legislation and just as the lawyers in the Supreme Court ruled regarding the processing concession regarding the deposit Norra kärr, the Mineral Act and the Environmental Code are opposed to each other. There are often also national interest conflicts where different interests stand against each other. The judgment in HD regarding Norra Kärr has been predicted and now applies to all deposits and all new mines. We believe that it is time to move away from the current legislation which, after the HD's ruling, makes new mines almost impossible.
Overall, we go from fossil-dependent to metal-dependent. At the same time, we are becoming more and more dependent on materials from countries that are characterized by conflicts, environmental degradation and poor working conditions. We have the opportunities for the important metals here in our immediate area, ready to be extracted.
Climate change requires a major green transformation of society to reduce carbon dioxide emissions. Electrification of vehicles and machines is seen as part of this. And it all has to go fast. Hybrit's work with carbon dioxide free steel in Luleå and Northvolt's investment in battery production in Skellefteå is an answer to this.
But this transition will require large amounts of metals. Since 1998, metal consumption has increased by 63 percent in Sweden according to Statistics Sweden. Sweden also has a higher consumption of metals than the EU average, partly due to the fact that we also have production.
Going forward, it will not only be about consumption of metals such as iron and copper, which are already produced on a large scale, including by LKAB and Boliden, but also about more unusual metals. Such metals which have previously been too unprofitable to extract and which have also been thrown away in the form of mining landfills.
To obtain these metals, EU countries today depend on production in other countries. When it comes to rare earth metals (see facts), for example, China is the dominant producer in the world, 97 percent is extracted there according to SGU. This also applies to lithium, an important metal in battery production. Today, production takes place mainly from salt lakes in South America and in mines in Australia. Cobalt is another metal needed for batteries. According to SGU, Congo accounts for 64 percent of world production, a country with poor conditions for miners, child labor and conflicts, according to Amnesty International, among others. It has been thought that we soon forgot that there was a border between Norr
A question answered with a question? I was genuinely hoping that you would enlighten us all as you often allude to facts that aren’t seemingly apparent to the rest of us.
I don’t believe that KB has political leverage, and if he did, it would have to be used with extreme caution.
His most telling act is the recent financing in my opinion. But time will tell...
Afternoon. Gentlemen, yes, another riddle if you please, It’s fair to say, that you didn’t put forward any ideas as to how KB could put political pressure on Baylan, so he delivers a decision. Further, you have never offered any reason, as to why you think that KB who leads a team of mining professionals, who are in possession of all of the facts has chosen ‘not’ to take legal action, following seven years since our submission, against those responsible for its delivery. I wonder why that is? The hot seat is not for everyone – evidently! atb
Are Mrs Kurt Budge by any chance?
PS Cloudberry.
I've got plenty of perspective, the company is stronger than it was 6 years ago and the application has been fortified by independent reviews and assessments; it has growing political support. It's been a hard road surviving and it has survived and diversified...jam tomorrow is what juniors are about and ours could be just about to set.
Implicit in your question was the “ well what can he do? “ notion, to which I do not subscribe.
Feel free to share your preferred strategy!
I would add that there is undue affection for Budge as a decent bloke, and I agree with that. However, he appears reluctant to get the gloves off, which he now must do.
In position for 6 years with nowt to show for it except relentless dilution. His brave words about looking forward to declaring a dividend and adding shareholder value seem quite silly now.
You also have no perspective after 6 years of Budge, you have no idea what a different incumbent may have achieved.
Yes, Hasty...and easy to kill as I've just killed a torpid fly.
There is a clear process from exploration to exploitation. A clear abuse of process has taken place. All investors want is a clear roadmap explaining where we go from here...
Be nice to get a reply from Aug59 though...
Now that wasn’t so hard was it? Lol!
Hello,
It’s a fair question which I am only able to answer with broad brush strokes. Budge is privy to more than me or you, so should be better equipped to break this deadlock than us.
Baylan needs to be exposed as the charlatan he clearly is. As minister for enterprise and innovation, he is clearly in dereliction of his duty to his brief.
He is personally responsible for deciding the Kallak issue according to published mining legislation. The permitting process is specified in documents used as a legal template for the permitting process.
Additionally, Baylan will already have one eye on the next election and his next ministerial role.
Budge needs to show Baylan is incapable / lacking in credibility both personal and professional now to make him doubt his own ability to sustain / progress his political career.
From a positive viewpoint, Baylan must be convinced the granting of the license is something down the line reflects well on him in terms of economic regeneration of a declining local economy, innovative green mining practices and billions of extra tax revenues.
It is time for KB to stop whimpering in the rhododendrons - apologies to Betjeman.
I’d love to know what you’d do Aug59? You don’t half talk in riddles.
angry
Suzy - it could actually be the perfect word as like a bear when woken from torpor it is very dangerous and very !
Morning. If you were KB pulling in 3k a week, then let’s say that you have a meeting with Mr Baylan this afternoon. As you rightly say, regurgitating is no use, Baylan doesn’t give a shxt about BEM. He knows the application is good, it’s supported by the MI, he knows too, trying to fund an exploration company for years is a nightmare for you and investors. We know, if this man entered into politics with a conscience, that would have been a career choice that would have kept him on the back benches. He cares for himself and his position only! So then, we are in a political arena, (not legal yet, anyway) what then do you say to this man, to make his position vulnerable, if he doesn’t deliver a decision asap? Imo only. atb
Bonus points for you also Suzy for also using 'torpor'
But how accurate is it? If the delay had a calculated strategy, it wouldn't be torpor.
Bonus points for the use of 'torpor'
No, you're not and you're not even invested here.
..