Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Exactly Loudspeaker.
And I am delighted that this topic is being kept alive. The positive news about BMNs work in the VRFB space and the partnerships they have encouraged is a good news story with the potential for longterm benefit to shareholders.
And this is what BMN said they would do and are actively delivering.
Pdub mischief making ?? OK then.
I think that the point of Pdub's post was to counter the ridiculous post that BMN have not been agile or fast enough in the energy storage space.
Nobody has done more than BMN to enhance the VRFB market by Investing and putting together VRFB companies, despite being held up by a court case for over 12 months.
Hi Pdub, nice to hear from you. I was under the impression that for most companies that whatever they do, or even propose to do is reflected in the share price, but hey your point seems to be true for BMN in that nothing seems to be reflected in the way one would hope. I wonder why that is so. I think my point is self explanatory and despite your mischief making you know it. I await your barbed defensive comment but I will not reply as the golf course beckons; not that I would respond anyway. Have a good day.
What is your point Beginerman? Talk about stating the obvious re share price. But that has nothing to do with the point I was making.
Nothing done by the company is reflected in the share price. Given the huge advances being made your point merely emphasises the huge disconnect between the business progress and share price. Other than that I cannot see purpose to your post. But hey ho give you kudos.
Bmn’s actions to grow the VRFB market are to be applauded, however the sp at the date of the April 1st RNS was circa 15.5p. It is now circa 5.5p! It doesn’t say much for the success it has delivered to their share price. But hey give them kudos.
Worth reminding them Loudspeaker that BMN achieved their aim of helping VRFB companies achieve scale by acting as a catalyst for the merger of Red and Avalon to form Invinity and later sold down their investment at significant profit. That money was then used to invest in Enerox via VRFB H in order to repeat the process. This is BMN being proactive in building the VRFB market and thus create demand for its vanadium products.
From RNS 01 April 2021:
“The sell down of our Invinity stake is no reflection of any diminishing faith in the potential of the company. We are proud of its achievements and continue to cooperate on other topics, including vanadium supply, vanadium electrolyte rental and the overall growth of the VRFB industry. Our decision is rather informed by our conservative capital allocation strategy across the Group …. “
People seem to forget or even don't know that Invinity only exist because of BMN.
...14% is from secondary production methods involving the recovery of vanadium from fly ash, petroleum residues, and spent catalysts (Pradeep Kumar et al., 2021; White and Levy, 2021). It is worth noting that secondary production from spent vanadium-bearing refining catalysts is expected to rise sharply as a result of recent regulatory changes issued by the International Maritime Organization (IMO), which limit the maximum sulfur content in bunker fuels (Topali and Psaraftis, 2019)."
https://www.sciencedirect.com/science/article/pii/S2589004221012463
Extra vanadium demand can only come from primary sources.
You can't have the vanadium tail wagging the steel dog.
All of US vanadium products are sourced from a secondary source.
Would like to see some numbers of the yearly produce and where it is sourced from and at what cost.
We had a mou with UET in America once, they went bust, they're not worth the paper they're written.
IES up 20% today on that RNS is baffling, it's not even jam tomorrow.
They don't mine the vanadium, they are Secondary Producers.
yes, but it didn't say they mined the vanadium. My suspicion is that it is pretty small beer certainly at the moment as the $2.1m expansion of the electrolyte facility is hardly big bucks. My feeling is that if there were more to them the numbers would actually be mentioned on their website.
sl*g
"US Vanadium said the electrolyte production facility expansion will cost around US$2.1 million. The company produces various vanadium products from recovery from industrial waste streams: the metal is found in steel ****, which is a by-product of steel production. In August, it licensed its vanadium electrolyte manufacturing technology to startup Australian Vanadium and will also provide vanadium oxides to its near-namesake for electrolyte production in Australia."
https://www.energy-storage.news/us-vanadium-and-cellcube-partner-on-flow-battery-electrolyte-production-ramp-up-in-arkansas/
I've seen India mentioned as one source
No clue where the raw material comes from, perhaps it's a secret. That would be a useful thing to know. If they wanted you to know maybe they would have mentioned it somewhere.
This morning's RNS says they produce and sell a range of vanadium products from a facility in Arkansas.
What hasn't been mentioned is that Cellcube/Enerox entered into a similar agreemnet with US Vanadium back in February. Look on the US Vanadium website. Do you remember what percentage share BMN has in Enerox?
While on US Vanadium website whilst I could find details of their products, nowhere could I find reference to the Vanadium produced by US Vanadium. Do they buy it all in? if so I wonder where it comes from. Nor could I find any accounts for US Vanadium. I did see that the infamous Terry Perles is a director.
Cindercone I know we have not always agreed but your 13.24 post is spot on. Nicely summarised.
Mr realistic, it doesn’t do our sp any good if companies are avoiding us for others: possibly more reliable?
I'm not investing in either. BMN have the vanadium AND a stake in Enerox, and their profits have the potential to dwarf any VRFB manufacturer.
BMN would also benefit massively from vanadium spikes, which are potentially detrimental to VRFB manufacturers.
So who's going to win out of Enerox and Invinity then, CC? Who's your money on if you were going to invest in one of them? If IES can deliver a return for its shareholders steadily over time I might put some dosh into them
I was going to post that VERL was still in place but a quick check of Companies House suggests that relationship might be in jeopardy!
If you read the Garnet v VRFB citation, it states: "One aspect of BEL’s strategy was to make initial investment into the manufacturers which would assist their growth and their raising of further funding. The first manufacturer in which BEL
invested in this way was a company which came to be Invinity Energy Systems plc."
It then goes on to say that Enerox and Invinity are seen as "competitors" and that "[Bushveld] are funding Enerox by selling Invinity”.
Reading between the lines, it seems BE has fallen out with Invinity and will primarily be supplying electrolyte to Enerox instead. I always thought it odd that BMN would flog all their shares in a company (IES) that was supposedly a major part of their vertically integrated strategy.
Wherever the Vanadium comes from it takes from the global supply available which helps support/increase prices
CellCube now has a subsidiary in Denver to target US demand.