Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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New Disruptive Technology Recycles Rare Earth Magnets Vital to Clean Energy
https://www.hydrogenfuelnews.com/disruptive-technology-rare-earth/8560614/
You won't be saying that at the end of December when she's got a 24 carat harness and a YSL basket.
Poor old dog :)
I'm in no rush but I just wondered what happens here when the EU critical minerals stuff hits the wires from next week so chalk another 50k up for moi.
I went again today, I blame you guys for the bullish posts. The dog is going hungry this weekend, I've got her pencilled in for a fillet steak Xmas day at 50p.
Topped-up again - timing/price feels right.
Best not assume it's not already been signed off eh? ;)'
Well Should be closer by Monday :)
'The Critical Raw Materials Act is now expected to be voted in the European
Parliament’s plenary on 11 September, opening the way for final “trilogue” talks with EU member states and the European Commission to approve the legislation.'
And as if that were not enough... Pulawy positive ..
'Increased goals for EU refining and processing capacity
On Thursday, lawmakers also voted to increase the EU’s goal for domestic refining and processing capacity of critical raw materials, raising it from 40% to 50%. This is in line with the demands of EU countries, which supported the same objective during a vote on 30 June.
In addition, members of Parliament introduced a new benchmark “so that the Union consumes less Critical Raw Materials than predicted in a reference scenario,” Hahn said.'
Best not assume it's not already been signed off eh? ;)
Money guys say when - Money Guys say when on all sorts of things, like EU sign-off for Critical Mineral Acts etc ...
*Rerate.
You’d have to put money on there being a substantive retake in the near term here. My average is 30p and I still think we’re loading up to leave even that in the dust. Fingers crossed everyone. What a beast here if they can get Malawi mining to play ball. 🤞
'The EU will aim to recycle at least 45% of each “Strategic Raw Material” contained in the Union’s waste under plans voted on by the European Parliament’s industry committee on Thursday (7 September).
The new recycling goals were voted on as part of the Parliament’s position on the Critical Raw Materials Act, which aims to reduce the bloc’s dependency on China and other countries for key metals like rare earths.'
https://www.euractiv.com/section/circular-economy/news/parliament-raises-recycling-goals-in-eu-critical-raw-materials-act/
Meanwhile, the Malawi Minister of Mining is at the Africa Down Under conference in Perth Australia... which I dunno but for seem reason I think is a positive
I was aware but that is very useful - thanks.
Wish I had more funds to add
Id target Nov/Dec for the re-rate, you've possibly got a few more weeks (maybe 6-8 weeks) before 10-11p is gone for good
Market hasn't made the connection yet but its immiment
NdPr now up 15% on the month
Songwe is 2/3rd NDPR
UK pilot plant to be commissioned in 2023, producing an initial 100tpa of NdFeB (so that just increased in price)
GER plant next year + three potential US plants to come from Cotec, all predominantly NdPr (100% refined in china at the moment)
If you are an investor in any critical mineral project, but especially recycling, then you must read this
https://www.lexology.com/library/detail.aspx?g=d992a82a-dbe5-46e5-9a6b-e535ad670b46
A key vote for the EU CRMA is next week (Sep 14th) IF this is passed and it looks very likely, then the NdPr recycling market will not only increase ten fold overnight, but security of supply (e-waste goods) will be plentiful
Next steps
'Assuming the CRMA is passed in the Parliament’s plenary session on 14 September 2023, trilogue negotiations will start between the Council and Commission in the hope that a provisional agreement on the file can be reached by the end of the year. The agreement would then be subject to votes on its adoption before becoming law. Based on the assumption that the file would be accepted by lawmakers, we expect it to be published in the Official Journal of the EU by March 2024, where it would enter into force 20 days later. It would be binding in its entirety and directly applicable in all EU Member States.'
Neodymium now +15.3% for the month and right on a long-term breakout line - it'll come - it's all for nought anyway without that price picking up ...
Unfortunately the SP isn’t
Morning.
Neodymium up another 10k Yuan today ...
Roadshow... Dunno if anyone here got to go to the SusMagpro roadshow as part of The Birmingham REE event but here is a vid of one of their displays of recycled by HyproMag tech batteries.... vid starts fast then goes into MDA wait mode then speeds up again... hopefully much like SP here :)
https://twitter.com/bhamenergy/status/1699748518221549765
They're getting desperate ;)
[clown emoji]
It's not 'write off' it's 'sign off'... Mkango will sign it off when it suits them and whoever it is partner-wise that is going to be funding the mine and Malawi will sign it off when it suits them too ... Be interesting what Lotus now do with Uranium on the rise...
Why would you write it off. These things take an age to get right but all of the hard work is done. Simple negotiation and patience.
In the meantime the magneto aspect rolls forward too.
Personally the drag on this is purely market sentiment related to REE commodity price drop and cost of borrowing.
The need for REE isn't going away. Just needs time.
If your looking for a quick trade or were. There have been opportunities but better ones elsewhere.
In Malawi*
I'm curious know at what point you would write off the MDA I'm malawi?
I really do see it dragging down the price in this stock. The market clearly thinks either its not coming or there will be huge dilution coming if the MDA goes through. Maybe better to get it off the books, release the shackles and go all in on recycling.
Just a thought.
FYI I am very bullish on MKA
True - I'm still in YCA and going nicely so far.
It's worth keeping Thambani in mind with the uranium stocks on fire...