Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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As far as MDA expected timeline I think Lotus vids are quite informative
https://youtu.be/RwUKk4Hj-KQ?si=i3IkpBOr1umt1bJN this one in particular from May...
Superb find
Crunch time in the coming months, lets hope all goes as planned as you never know in business
Hopefully, in the coming months, we will commission the Birmingham plant for production with offtake (likely an OEM)
100t/pa worth ~£6.7m at todays pricing
Shaeffer just signed offtakes for 500t/pa so demand is there
Once that is up and running, we can then use that as an example for US expansion and operations, as per Cotecs update. I suspect Cotec will be more than happy to fully fund the US operations once we have proven commercial's in the UK, they are smart guys so can understand why they would wait, you have a free shot in the UK to completely derisk so why commit money before that result.
As for the MDA... well who knows when it will land, I think we are all past predicting it - one that that will help is the recent rise in NDPR pricing, even if pricing stayed around this level that's very healthy and almost 60% higher than historic pricing, long term funds and investors will be more than happy with that.
meanwhile, recycling of critical minerals is gaining pace, 2024 certainly looks to be the year where it really gains adoption, at some point there will be a supply crunch, that unfortunately is inevitable.
Redwood..
Redwood Materials, run by ex-Tesla CTO, raises $1 billion to expand recycling operations in U.S.
The company will use it, along with a $2 billion loan commitment from the U.S. Department of Energy, to expand outside its base in Carson City, Nevada.
https://www.cnbc.com/2023/08/29/redwood-materials-raises-1-billion-to-expand-recycling-operations-in-us.html
The US military is obviously a big pull but tbh, it's the Unipart collaboration that really made my ears prick up, they're obviously huge but also growing really very nicely themselves, even within the aero industry (Airbus), so that would be an unbelievable partner going forward.
I know MP metals in the US dream of doing the whole mine-to-magnet approach although there are big question marks over them and their capabilities but to me Mkango looks to have the very real possibility of pulling that off which outside of China will surely be a massive thing to do especially if we are talking heavy RE magnets ... the ones the Millitary NEED
BTW Mkango/Hypromag members are doing presentations at that big conference
The recycling is exciting but I'm also keen to see amended (improved) PFS/DFS numbers from the Pulawy separation plant in Poland after the MDA drops.
Agree about the supply chain though - if you can disrupt the supply chain by cutting out multiple middle men to vastly boost profits over a 20-year period then you can imagine some of the "offtake" deals that could be coming our way from fresh REE dirt through to finished magnets for the likes of Unipart/Bentley et al.
'Bunting is at the cutting edge of magnet material development and utilisation. As a member of the EU-funded SUSMAGPRO (Sustainable Recovery, Reprocessing and Reuse of Rare Earth Magnets in a European Circular Economy), Bunting is working with European companies to develop a recycling supply chain for rare earth magnets in Europe and to demonstrate the effective reuse of recycled rare earth materials within several industries.
Bunting joins eight other industry leading companies sponsoring the event in a bronze, silver and gold capacity.
Bunting’s Technical Products Manager and the UK Magnetics Society’s Chair, Matthew Swallow is attending the workshop. “The importance of the REPM conference cannot be understated,” explained Matthew. “The rising number of applications will stretch supply and availability, driving vital innovation in recycling and new materials. The presentations in the REPM conference cover such areas of concern, looking at maintaining availability and new magnet technology. As a leading European supplier of magnet materials, we are proud to support the event as a Gold sponsor.”
Neodymium hasn't traded @ the long-term price of 400k Yuan since 2020 - the massive rise to 1.5m Yuan 18 months ago is obviously the return-to target and a handy 2.5x of where the current price is - TA guys will get the significance of that and why the price appears to be bottoming/bouncing from 600k Yuan, likewise 10p here.
I see that as the real money maker ... and Hypromag already has the manufacturer know-how and indeed that bit of the plant recently arrived on site in Birmingham I wonder if will there be deals with magnet companies like Bunting who just happen to be gold sponsors of REPM 2023
https://www.bunting-berkhamsted.com/bunting-sponsors-repm-2023/
Agree crumbs, and I think its very feasible we have a magnet production facility in Texas once we prove commercial NDPR in the UK and expand to the US
Actually I take that back its not 'more important' than 2/3 of our entire songwe project, but in terms of NT revenue and expansion to US, very important.
We are significantly tied to NdPr pricing - although historically it traded around 400K Yuan or below, so you have to be happy with the current levels (offsets a huge amount of inflation)
I know in a way it is part of the plan in as much as the recycled magnets can and probably will for some products use primarily sourced as in mined material as well as recycled but the real value as well as the reccycling would surely be Mine to Magnet... As in the idea of Mkango becoming a full-on magnet manufacturer using its own feed materials... It's easy to imagine such a factory right next to Pulawy ... if everything is pulled off of course which till that MDA drops and the financing comes in remains an if
More importantly NDPR makes up a huge amount of our recycling production, NdFeB magnets
100t/pa just got a lot more expensive
Neodymium makes up 25% of the product from Songwe but c65% of the revenue with a DFS Neodymium price of around 3x the current price which is why we're at 10p of course but it also means that significant rises in the Neodymium price are very relevant here ...
Neo rising nicely. Days seem like weeks with this company. "A watched pot never boils" as they say.
Hopefully September is the month.
Oh, that'll be the Gov of Malawi :))
Morning - Neodymium now an impressive +10.8% for the month - I wonder what/who is driving that ...
Cheers Bonker. That’s what I thought, but it says bfs in progress on the investor page.
BFS = DFS = BFS - it was completed last Summer.
https://www.mining.com/mkangos-dfs-indicates-us559m-post-tax-npv-for-songwe-hill-rare-earth-project/
I thought the BFS was done? Is that not part of the DFS? Grim waiting here… BRICS making me nervous.
Well they are both still registered major holders on the website
https://mkango.ca/investors/investor-centre/
One of the reasons I invested here was because of
Stewart Nelson (fund manager) going over 5% in Feb 22 buying @ 20/25p
Michael Geoghegan (ex HSBC) going over 4% in Nov 21 buying @ 30p
£100k of director investment a few months back.
I assume they are still invested. I know declaration rules are never followed but just wondered if anyone had some info.
Malawian President Lazarus Chakwera said his country was fully behind Brics' partnership with Africa and wished to be part of the bloc.
https://www.news24.com/citypress/politics/more-african-leaders-plead-to-join-brics-20230824
The geopolitics is important but I reckon Malawi economic development will trump political affiliation. Western backing for MKA projects most likely imo.
Agree - there's more than enough inference of American involvement here already and I doubt that Cotec would throw themselves at it in the manner they have if they thought the Chinese could/would weigh in.