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The chart looks primed for another test of the 200 DMA soon, IMO, but time will tell.
Not looking to add at this point, but a fairly relaxed holder at the time of print, even though the MDA saga continues to drag on and on.
On Sept 3rd:
'Green minerals
Malawi's rich endowments of minerals needed to supply low-carbon technologies - such as graphite, rare-earth elements, niobium and titanium mineral concentrates - could anchor our country's development goals, while advancing global decarbonisation efforts.'
https://www.context.news/just-transition/opinion/malawis-economic-growth-will-be-powered-by-renewable-energy
The MDA is being 'negotiated' by both sides and both sides say it is very close ....
And that could have been written for the last 12 months and for the next 12 :)))
The best I can say is both sides want it but there must be some niggly issue to overcome again both sides seem to think they can do that....anyways no Wagner or PRC issues :)))
Agreed.
Here is the presentation from last month.
I think Alex Lemon talks about the MDA around the 16 min mark.
https://youtu.be/TH_VS38ftYA?feature=shared
Nice moves on this wind turbine project but has anyone asked Mkango when they expect this MDA for Songwe to land?!? MDA and finance or no circular recycling song and dance is going to propel us. Deeply frustrating waiting but here is where you make your money. If they can pull the MDA off and financing we are on a bullet train to £1.
Rigga not much wind out there today.... thats how it is with these turbines somedays Electric others nowt :)
Is that it?
Mkango part of UK wind turbine magnet recycling project
UK's first generation of turbines is close to retirement.
Mkango subsidiary HyProMag is to participate in a grant-funded project to recycle used rare earth magnets from wind turbines. Called Re-RE Wind, the project aims to establish a circular chain for decommissioning, new applications and design and lifecycle assessments of wind turbine magnets. In a statement, Mkango said that the first generation of wind turbines is close to the end of their useful life and a low-carbon decommissioning programme could unlock a new domestic source of rare earths for the UK.
Partners in the Re-RE Winds project include EMR, the Offshore Renewable Energy (ORE) Catapult, Magnomatics and the University of Birmingham with funding of £1.5 million of which £1m will be funded by government investment through Innovate UK. The budget for HyProMag's portion of the project is around £350,000 of which 70% will be funded by the grant, said the statement.
Nick Mann, operations general manager of HyProMag stated: "Re-RE Wind will address the hurdles for recycling of permanent magnets from wind turbines, effectively unlocking a new domestic source of rare earths.
"It further underpins the scale-up of HyProMag's operations in the UK, whilst complementing other Innovate UK supported projects focused on different scrap streams, such as electronic waste and electric vehicle motors, in which HyProMag is participating."
William Dawes, Mkango’s chief executive, added: "This project further cements Mkango's and HyProMag's early mover advantage in the rare earth magnet recycling sector.”
https://www.proactiveinvestors.co.uk/companies/news/1026228/mkango-part-of-uk-wind-turbine-magnet-recycling-project-1026228.html
Yeah all good fun...the only obvious down on project re-rewind is that it's not 100% fully funded but FFS the gain from it is potentially game changer especially for Tylesy pilot plant that was looking at 100 tonnes of recycled material per annum ....This is a resource of 23000 plus tonnes that as bonkers points out all needs recycling at some point and is only going to increase and notice Will use the word 'internationally' in the RNS...A global opportunity the initial proving up mostly funded by Innovate and new partnerships made
...... 🏆 Winner
Fast intervention on any sniff of a rise! Controlled but why?!
Interesting trades :)
For the TA guys/gals out there - the MA50 is @ 10.50p, the MA200 is just under 12p and falling slowly.
You know what happens next ...
We did give the heads up😏
Growing Dividend payer in next 5 years this if everything clicks in recycling is a fast track to profitability compared to mining only
RNS: ... Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that HyProMag Limited ("HyProMag") is collaborating with EMR, the Offshore Renewable Energy (ORE) Catapult, Magnomatics and University of Birmingham in a £1.5 million project, Re-RE Wind ("Re-RE Wind" or the "Project"), of which £1.0 million or 67% will be funded by Innovate UK's circular critical materials supply chains (CLIMATES) programme. The budget for HyProMag's portion of the Project is circa £350,000 of which 70% will be funded by the grant. The grant is subject to signature of a collaboration agreement between the parties.
William Dawes, Chief Executive of Mkango stated: "This Project further cements Mkango's and HyProMag's early mover advantage in the rare earth magnet recycling sector, highlighting its competitive position and strong network of leading industry and academic partners. We look forward to continuing to support HyProMag as it scales up HPMS (Hydrogen Processing of Magnet Scrap) and rolls-out the technology internationally."
https://www.londonstockexchange.com/news-article/MKA/hypromag-to-participate-in-innovative-project/16120841
NOMADs lol - giving it a couple of hours to try and get some sellers first - same ole, same ole but it all bodes well, the cupboard must be bare.
There she blows!!
The tour continues
https://criticalmineralsafrica.com/speakers/
The US has 4x as many turbines - probably explains the plan to get 3x recycling stations set up in the US.
Lots of complaining about timescales here but if you zoom out and away from the MDA for the mine (which could still drop tomorrow of course) then you can see that the pieces of the big picture are all being slid into place in a timely manner.
An average wind turbine lasts 20-25 years and they've all got to be recycled, every one one of them, so someone will have to provide a solution for that ASAP which is precisely what Mkango are doing ...
Oh forgot and ought to soon have access to it's own raw mined and refined resource
Complete package
Remember Mkango has the full package the means to recycle without chemicals (although they can do that too )and do it using over 80% less energy than others and they can then manufacturer magnets.... again worth looking at this funded projects partners
Morning.
Back to the bread and butter - Neodymium ticked up a bit more this morning, +15.77% for the month now.
No of course not but could turn out the best in price and greenness plus they are pioneers
So, are we saying that pioneering Hypromag's patented process is the only worldwide tech that can recycle these wind turbines??
A quick probably completely wrong math on this is UK has 11,500 wind turbines and is expected to grow in fact needs to triple!... to hit targets
Each turbine I believe averages 2 tonnes of REE in a magnet with some having more than one magnet
but anyways looking at a staggering 23000 tonnes of recycable REE magnets.... UK only so once HyproMag master this it can become part of the pilot exported to every part of the globe... blue day? probably not lol
P2
'"This project is set to overcome the obstacles associated with recycling rare earth magnets from wind turbines, effectively opening up a new domestic source of these magnets, which is a significant achievement in itself."
Although wind power has been utilised through the ages, the first great wave of large-scale wind energy occurred in the 1990s. Consequently, many early-generation wind farms are approaching the end of their typical serviceable lifetime, estimated at around 20 to 25 years.
Re-Rewind is leading the way in the renewable energy sector during this crucial time. Through its commitment to pioneering circular supply chain solutions, the partnership aims to make sure that wind energy remains viable in the UK for the long run and helps to create a more sustainable future for future generations.'