The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thanks for getting back. Was waiting to hear your thoughts. Extremely surprised that London is steady based on that news that broke in the US and bought in to by Canada. Weird there seems currently no reaction ? Baffled a bit that CL have moved so quickly and the very real link to CUSN and not just lithium but the benefits to tin and copper production.
If tin copper and zinc are extracted it can be looked at like having tons of tailings but below surface not above.
From that complex report i mentioned yesterday Feb 21 US ;-) I think KMX are a break through point from what I have read.
Having a real deep look in to li cycle and their knowledge base on recycling. Its fantastic for that but the efficiencies may form part of CUSN / CL end plant process.
Imerys are also doing cutting edge research too which we should be out soon and may also provide some clues as to where we are all going.
I am sure the M&A managers around the world will have noted the last 3 weeks in cornwall.
Fully agree funding should now be much easier in several ways imho. Then its both boards and how big they go and the runway they need for 18-24 months coming in to play ?
V interesting times but great too.
MO
A couple of cracking finds there. KMX seem to have upset the applecart. From what was being said recently at the UD visits both after the Cornish Lithium (CL) AGM and during the mining conference, it seemed as if CL had narrowed down their partners on the 2km deep brine side to just two. Neither of which was KMX if my notes are right. So, KMX has come on the scene had their system checked out and become a partner v quickly. It looks as if they have a transformative technology.
Some caution is needed. If this KMX tech works on the salar brines then it may make them very cost competitive. The key is whether KMX have found a way of getting rid of contaminants. If so, then one of CL's advantages may have been eroded.
Back to the big picture. This is a very fast moving situation. It would be easy to jump to conclusions about TechMet's arrival and tie it in with KMX. However, Not even billionaires part with £9m without doing their due diligence.
As regards CUSN, the time at which royalties will arrive may have just been brought forward by these two announcements. For CUSN this is great news as it means it will be easier to fund the raise of £20m-£25m for Dewatering of SC . It may even be the case that only short term funding will be required, until royalties come on stream.
KMX partner Cornish LithiumToday 00:18
KMX, TEXAS to partner with Cornish Lithium on brine production.
https://kmxtechnologies.com/kmx-and-cornish-lithium-partner-to-enhance-lithium-production/
Seriously no replies ,??? Cleantech took only 3 months of due diligence on the brine tech KMX offer.
Operating out of TEXAS......TEXAS drilling wells capitol of the world - oil out of brine and contaminents including petroluem, magnesium, sodium, pottasium and a few other ree's. Brine in the huge Smackover formation is the main bi product so they are 100% focused and you cannot really be in a better place in the world to have been A - testing your tech to make a company viable in KMX and B - Then to have the gumption and balls to take that expertise forward and sell it to some pretty big new tech companies !???
Thrown in the mix Li-Cycle. The have the technical knowledge to seperate out old battery metals, break down those metals and reprocess them, adding another knowledge base to end of processing efficiencies.
Put KMX - brines processing with Li-Cycle and TechMet 20% US Gov backed business to fund processing and within 3 weeks Cornish Lithium have huge backers with technical knowledge and very specific knowledge with deep pockets.
CUSN shareholders should understand the brines will contain leached Tin, Copper , Zinc and REE's created through the volcanic dynamics, smaller lodes which are more prone to leaching rather than a bulk solid block of deposit which may retain more metals within the core than the Cornish 'finger' veins which are more open to breakdown and flushing through to the aquifer below.
Luckily the granite heat is one if the worlds best natural formations to keep these metals fluid and simmering away just waiting like a soup just to be spoon out in to a bowl and split out in to its metals via the different exchange reactions via cathode electrode, nano ball filtering or even nano membranes with altered nano size at each stage.
EG CalTech used cathodes in the US DEMO plant on brines and zinc recovery ( way beyond the nano membrane era ) and extracted 41,000lbs of Zinc scraped off the cathodes and was viable for several years at scale , until zinc bulk came to market from China, which killed the business. The point here being the extraction of Zinc from brines was done at viable amounts back in the early 2000's and like South Crofty with Tin the market price rather than the availability was to killer.
A different ball game has started in the last 2-3 years.
Tech is improving at a rapid rate. Keeping on top of research is difficult as changes are happening at an almost weekly rate.
As I go deeper in my research I am seeing SO much more to Cornwall in total not just CUSN CL BL TUN etc.
Hi Majoroak, I have to admit I am taking the bullish case and the latter. The tech must be strong. Also I have found Jeremy and co to be a much stronger and better board than the likes of secker at bcn!
If they can achieve carbon negative extraction as they claim and ipo, Cornish lithium will have to every major investment firm looking at it in the U.K….The majority of them are all committing to carbon neutral targets.
CLEANTECH state the very fast partnership with KMX within 3 months to improve lithium brine production.
Now they are either dumb for doing a deal within just 3 months obs or KMX Technologies tech is SUPER impressive and has cracked the code to get viable mass out of lithoum infused brines ???
"We first learned about KMX's proprietary technology three months ago and since that time have been actively monitoring their results," noted Aldo Boitano, CEO of CleanTech Lithium. "KMX's capabilities align perfectly with our mission and their cutting-edge technology will help us complete our lithium extraction work in less time at a significant cost savings."
KMX Technologies partners up with CLEANTECH early November on lithium brine projects.
https://kmxtechnologies.com/kmx-and-cleantech-lithium-team-up-to-enhance-cleantechs-lithium-production/
KMX, TEXAS to partner with Cornish Lithium on brine production.
https://kmxtechnologies.com/kmx-and-cornish-lithium-partner-to-enhance-lithium-production/