Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Is there any real need to start extracting uranium out of the ground right now?
May as well sit back and watch what happens in the Shakira show trial instead.
They're doing the right thing re critical raw materials but need to include uranium.
https://ec.europa.eu/commission/presscorner/detail/en/STATEMENT_22_5523
It is a big gamble but imo BKY may yet come good. I believe the grown ups in Brussels will tell the Eco Idiots in Madrid that the EU needs it's own source of Uranium Fuel and that they need to start issuing permits. How proud, stubborn and stupid are the Spanish.....hard to put a value on it but Bigly.
"Uranium prices have surged to their highest level since Russia’s invasion of Ukraine sent convulsions through commodities markets, as the European energy crisis fuels bullish bets on the future of nuclear power.
The material known as “yellowcake” has jumped 7 per cent since mid-August to breach $50 a pound, a price last seen when many commodities were propelled higher by supply fears in the spring. Many market participants expect uranium to rise even further, with Bank of America predicting it will hit $70 a pound next year."
Next step is to establish (via the administrative appeal) that Miteco's refusal to permit, on the back of the CSN 2 report, is unlawful. Opens the door to a claim at the least. Long way to go whatever happens though.
A govt that follows PP's nuclear agenda will help certainly.
At some point there will be a change of Govt when the Spanish people get sick of the socialist green agenda. It could take a decade or more though.
It may be a great bet here, consider risk/reward ratio. At most you lose 20 pennies, and at best you are looking at 2-4 pounds reward.
https://www.youtube.com/watch?v=KISFW3-ZJAU19 Mins 50 secs - Justin Huhn says berkeley energy project in spain unlikely to ever get off the ground, however great deposit though - jurisdictional risk
"Further in August 2022, PP outlined its political
view that Spain should modify its current climate change law with respect to uranium reserves in Spain to ensure Spain’s energy future is not reliant on Russian sources."
Interesting. More sensible than the coalition's approach.
It would be nice to have an indication from BKY of when the administrative appeal result might be forthcoming. Can't be too much longer?
From Today's FT:
Japan is preparing a big shift on nuclear power, with Prime Minister Fumio Kishida announcing plans to look at the construction of new plants, in what would be a break with more than a decade of energy policy.
With energy prices soaring in the wake of Russia’s full-scale invasion of Ukraine, Kishida said Japan would restart more nuclear plants shut down after the 2011 Fukushima disaster and also study the development of next-generation reactors.
The prime minister had already announced the restart of some plants after Tokyo came close to suffering a power blackout this year, but his tentative plans for new nuclear reactors would be a U-turn on post-Fukushima policy.
Meanwhile the Eco Fascists running Spain into power cuts do not like Nuclear Power.....Why?
Because they are ignorant, gullible and easily led by the WEF and the NWO.
Well worded imo and good focus again on other nations' pro nuke stance. Interesting that the Finnish Greens are now actually pro nuke. Others might follow? And Germany's recent review made it in time for a mention too.
It would be good to know likely timings of the Miteco admin appeal decision. Can't be too much longer hopefully.
There's already a number of reasons for the csn and government to climb down now. Technical financial procedural legal and political obligation and precedent. Miteco could already do the right thing now and avoid accusations of u turns imo.
Let's see :)
Presumably no way in for big money without favourable reports and permitting, without which there's no project to fund. CSN Ribera etc strike me as fanatical in their anti nuclear stance, unafraid to break the law to achieve this political end, so will likewise presumably stick 2 fingers up to big money too.
Eventually Big Money gets what Big Money wants.
Helps nuclear's case and might help future funding (we know bky will need more). I doubt Ribera & Co will change tack though. It's about the administrative appeal atm to my mind.
From today's DT.
I laughed at their rank hypocrisy but this might help BKY?
Brussels backs move to label gas and nuclear investments ‘green’
JAMES CRISPJOE BARNES
THE European Parliament has approved plans to allow gas and nuclear energy investments to be labelled “green” as Brussels battles to meet net zero targets.
A total of 328 MEPs voted in favour of the move yesterday, falling short of the 353 votes needed to block the new rules which will mean gas and nuclear power is included in Europe’s so-called “green taxonomy” from next year.
Nuclear and natural gas projects could now get subsidies and cheaper loans as a result of the European Commission’s proposal, which will become law unless 20 of the EU’s 27 member states oppose it.
https://www.reuters.com/business/sustainable-business/eu-parliament-vote-green-gas-nuclear-rules-2022-07-06/
I recall this was opposed by Spain. Their reaction will be interesting. So far Austria Luxembourg and greenpeace are reported to be mounting legal challenges.
JUST IN - EU Parliament declares nuclear power and gas as "green" energy.
Nice director buy.
I'd like to think we'll get news soon about progress with the administrative appeal.
Dear all,
We don't often have uranium content so we are taking this opportunity to share Consolidated Uranium's presentation and Q&A with you. They have a very full-on strategy and get a lot done quickly, which some of you may appreciate. They believe a uranium supercycle will be with us in 18 to 24 months. Please view here: https://youtu.be/7nVhPlG0RTc
Time to buy maybe? Ask sub 20p, any OIA shares overhang clearing, reasonable to expect administrative appeal success? U fundamentals strong.
Would it be good PR to take compensation from the Spanish tax payer?
The important upcoming news is progress in the administrative appeal (judicial review) of the unfavorable CSN2 report. If BKY can establish it was unlawful (they're confident they can) it opens the door to getting a lawful (favorable) report and then permitting or a whopping great compensation claim.
We really are sitting on our hands until then and we may not get the result we want.
https://en.wikipedia.org/wiki/Next_Spanish_general_election
https://www.cornwalllive.com/news/uk-world-news/spain-portugal-slash-energy-bills-7141772