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I still think the brines are not being fully understood here.
We are / could be talking - if they get their act together and I mean seriously change the dynamics from rock to pure brines imho x4 the return.
But, they want to use the spoil heaps from the clay mine and mix it with open pit dirty operation ? How'd of thunk ?
The heating of businesses and homes from geothermal is time proven in Iceland to name but one example. Its a win win so I do not underestimate this potential. However, CUSN and Cornish Lithium could power some of their operations with the help of this and also provide water for the electrolyser/s that will in tandem with solar and wind. I think the CL project - off the top of my head but could be British Lithium is to have the bulk of electricity supplied via offshore wind ??? Hmmm, guess its new to me and seem a little extreme if its just for a lithium project and not a general Wind Farm to generate electricity for the whole area ? Anyway tick it as a win win too for Cornwall
It’s not just the potential production that’s positive but also do not underestimate the agreement with Rodda.
If they can successfully decarbonise rodda through geothermal lithium and heat produced we will be a negative carbon producing company. None of the others have the same potential claims and This will be standout for Cornish.
Motley Fool looks at Trident - royalties company so slight comparrison to CUSN holding Cornish Lithium "when" the brines come on line NOT the rock.
"The Thacker Pass is operated by an American company. But Trident has a 1.75% gross revenue royalty from any lithium proceeds, as well as a 60% interest in the project. The Thacker Pass is one of the largest known lithium resources in North America. Trident has recorded the stage of the project as advanced.
Clearly, even with what seems to be a small percentage of the revenue, this could offer significant benefits given the size of the project. It has an estimated 3.1m tonnes of lithium carbonate equivalent, with the average price of carbonate last year being $17,000. The potential revenue output here is in the billions!"
Do not under estimate the under the radar brines. They will be in pure focus and being talked about as the new oil & gas of the uk imho. I am predicting bulk , low carbon footprint, way cheaper than rock open pit and now more than likely to be processed in Tees Valley through ALK TVL plant again imho.
VIS thanks for the ALK heads up. Lucky buy last week.
Win some lose some. Its a winner.
All ties in with the RUSH TO LITHIUM SUPPLY and supply being bought out well before supply.
"Alkemy Capital Investments plc ("Alkemy") (ALK:LSE) is pleased to announce that the company will build a Lithium Sulphate plant at Port Hedland, Australia's largest export port located in the Pilbara region of Western Australia, to feed the Tees Valley Lithium Ltd ("TVL") Lithium Hydroxide plant at the Wilton International Chemicals Park, Teesside, UK.
HIGHLIGHTS
· Alkemy to build Lithium Sulphate (LSM) plant at Port Hedland, in the Pilbara region of Western Australia to serve as a refining hub for Australian miners.
· Port Hedland hosts the largest bulk export port in the world and the largest container port in Australia.
· The Pilbara is a major spodumene producing region and centrally located near existing and planned spodumene producers in Australia.
· Port Hedland LSM plant production will supply the expansion of TVL's Wilton Lithium Hydroxide (LHM) facility, with Train 1 set to produce 24,000 tpa of battery-grade lithium hydroxide from 2024.
· Port Hedland LSM plant will offer Australian spodumene producers mid-stream processing options with direct access to the premium European battery market.
· Port Hedland LSM plant will export a higher-grade, lower-volume product resulting in less tonnage shipped and less transport carbon emissions.
Alkemy announces a plan to build an LSM plant at Port Hedland in the Pilbara region of Western Australia.
Train 1 of the Port Hedland LSM plant is set to process spodumene from Australian lithium miners to produce 40,000 tpa of primary LSM, with Trains 2-4 adding a further 120,000 tpa primary LSM production in future expansions.
The Port Hedland LSM plant, together with TVL's planned LHM processing facility at the Wilton International Chemicals Park in Teesside, UK, will deliver a low carbon, de-risked lithum supply chain between Western Australian spodumene producers and the burgeoning European lithium battery cell market.
Alkemy and TVL Director, Sam Quinn, commented:
"Alkemy is delighted to announce its plans to develop the Port Hedland LSM plant.
Working with leading global metals trader Traxys to source the spodumene feedstock for the Port Hedland LSM plant, Alkemy is now progressing discussions to finalise and secure the optimal site for the Port Hedland LSM plant and the definitive spodumene feedstock agreement to underwrite the development of the plant.
Building the Port Hedland LSM plant will provide Australian spodumene producers with a complete mid-stream refining solution with direct access to the European market.
Importantly, it will also bring major downstream processing and value adding to the Pilbara region of Western Australia, with significant multiplier benefits for the local community, whilst reducing the carbon
UK Alchemy Lithium processing. Taken from my post on ALK. Thank you VIS for the kick up the backside.
Very exciting imho. As risky as there being not enough lithium in Cornwall to be viable. That is about the same risk I would apply to ALK.
So as you know my position on CL, you will deduct the risk imvho is LOW.
"Gaias , I have done a good few hours now on ALK.
My genuine feeling is far more optimistic.
The fact they can process multiple types and grades and deal with by products extracted IS the key.
Not that it is UK based, there is no worries as CL will be targetted by ALK for offtake imho.
I offer up a guess BUT Atlantic Lithium makes absolute sense and looking at the conections of people with assiciation to the US , CUSN 40%+ owned by US, with UK & US financial GOV support + the Atlantic production to start Q4 2023 and Piedmont Lithium funding it with only 50% of lithoum production from the HUGE Atlantic Ghana mine being able to be physically processed in the US , where's the other processing bring done ? From my reading Atlantic are NOT setting up a processing site in Ghana or Ivory Coast ? I found nothing but easy crushed 10mm rather than 5mm lithium raw feedstock NOT needing floatation as its purer than most world lithiums. Easy process to Hydroxide thus easy reduced cash cost.
End of day the better the quality and grade, the reduced impurities the more money to make , bottom line.
I bought during the 20%+ rise so I guess I help with that :-)
Anyway if I have missed anything then please correct me - in a nice way ? - I am genuinelly trying to help us all make money."
MO ALK - does train 1 use a flotation tank in processing ?
I think the best answer would come from ALK's IR department. What I picked up was that they are preparing for a number of different inputs/feedstocks and are hoping to be flexible in their outputs. That to me suggests several different flowsheets.
Their presentation states:-
"Multiple feedstocks to produce Lithium Hydroxide (NMC) Lithium Carbonate (LFP) and Nickel Sulphate"
and
"Using a renewable-powered electrochemical process route to produce up to 96,000 tpa (equivalent to ~15% of European demand) of ultra low-carbon Lithium Hydroxide"
I suspect the combination of a possible brine input and an electrochemical process would necessitate a tank, but you are the expert!
VIS - Alk - does train 1 use a flotation tank in processing ?
Glauber Salt Route - but specific diagrams?
The interest CUSN has in CL was described by CUSN as follows:-
Lithium exposure through Cornish Lithium
Cornish Lithium has the right to explore Cornish Metals’ mineral right areas for lithium-in-brine & geothermal energy. Cornish Metals has a 25% free carried interest on the first project advanced to completion of a Bankable Feasibility Study within its mineral right areas, and a 10% free carried interest on all subsequent projects advanced to completion of a Bankable Feasibility Study.
Cornish Metals will receive a 2% Gross Revenue Royalty on all metals produced from brines or geothermal energy produced from within its mineral right areas.
From January 2017, Cornish Metals benefits from annual cash / share issuances from Cornish Lithium of US$50K per year in years 1-5, US$100K per year in years 5 –10, US$500K per year from year 10, and US$1,000K per year from year 15.
Refer to Company news release dated January 19, 2017 for further info.
I'm on it vis. First thought is "limited window" for investors.
Second side thought is = I am now even more excited about CL. The % holding that CUSN here has looks ever more valuable and not just a few mill but way more. Calcs to be tried obviously best guess on worst case so leaving potential growth in % of £.
Will be in touch shortly this week.
MO
Many thanks for your efforts. I found out after my posting that there are 3 companies with the code ALK. You will I am sure have sorted out which one it is.
lol VIS you got me going all over the world with your question.
V complex situation. Done about 3 solid hours on it and the links I found.
I have a lot of info , jigsaw might be a better word.
Ran out of time today , working tomorrow but hopefully should have something to say by thurs fri ?
Been quite the eye opener.
At work at mo. Will have a look and report back
Have you looked at ALK ? What did you think?