George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Wondering what peoples price targets are if/when it lands... In a good market probably north of £10 but in this market I have to temper expectation probably something like £3-5. It will be a huge milestone for the company and would surely mark the start of a huge move here.
Looking good.
Every section gave a positive update.
Time to buy a few more I believe.
Good to have an update, nothing groundbreaking but nice to see finance discussions progressing ‘excellently’. Looking forward to the update when mezz finance is signed.
Been wondering for a while now whether ALK’s graphite strategy has them in contact with Blencowe re their Orom Cross project. Not producing yet but has some great backing and this is exactly the kind of midstream processing I think they’d be looking for.
For now I want them to just focus on financing TVL train 1 but if they manage to pull off even a third of what they’re aiming for this has the potential to become an incredible company 👍
Reads very well to me! Nice to hear there is huge and growing demand for Lithium processing in Europe despite downturn in Lithium prices
Simo - think you might need to read more into the company. Firstly the feedstock deal is from South America, and secondly the Australia plan, if and when it comes to fruition, would be far more economically and environmentally sensible than anything that happens today with Australian spodumene.
ALK is a margin based business so price of lithium not really a factor too much. We will make money on the refining, not the lithium, so whatever we’re buying and selling it for our margin will remain relatively steady.
For your reference, ALK’s forecasts are based on long term hydroxide price of $25,000 per tonne and it’s projected to remain above $30,000 per tonne even with lithium prices falling so ALK still economically viable even in the worst circumstances for lithium pricing.
Great for UK but sourcing from Australia with the high cost of labour is a worry. Lots of feedstock in Africa which would be cheaper to mine and also closer for logistics.
Lithium prices have dropped significantly, does that mean the price of the carbonate or whatever they sell has gone down as much?
Https://x.com/AlkemyCapital/status/1747173474232148229?s=20
I guess this demonstrates that there are huge amounts available in green bond funding in this space!
Same here yesterday - should be a transformational year ahead.
https://www.***************************/alkemy-capital-plc-lonalk-pioneering-the-future-of-lithium-refining/4121137674
well timed imho. much the same opinion.
The 3785 Buy this morning is mine as another top up. Quietly confident here.
With Christmas NY now out of the way and the City back to work, plus the summer holiday break in Australia with another 4-6 weeks before their markets really get back to fully functioning.
Australia will have a big hand here so it is important to recognise these periods of market trading globally.
S American interest too will see their markets also having summer breaks now and back by mid Feb.
The current price here is now around that raising price of £1.00. NOTE 9th Jan 2023.
MO
Happy New Year to you too. I hope it is successful for you.
Best wishes Vii
Big year coming, one way or the other.
Certainly has big potential to be one of 2024’s top risers. Q1 and Q3 should be transformational as we secure mezzanine and bond funding.
Https://twitter.com/VSACapital/status/1737760130991579204?t=tV-YmSah26B0EqYaq7NUsQ&s=19
Https://www.telegraph.co.uk/business/2023/12/15/china-weaponised-dominance-critical-minerals/
Many more sources of chemical processing and experience added to the TVL & ALK table !
Tees Valley Lithium another venture partner in building and chemically processing / recycling lithium.
"The Eurodia Group’s solutions serve to…
• Extract and purify lithium salts from various raw materials: salt-flat brine, geothermal waters, oil-well drilling water.
• Recover lithium and other metals of interest (NMC / Ni Mn Co) for processes to manufacture or recycle electric batteries.
For these industries, our processes combine adsorption, filtration, electrodialysis and ion-exchange resin technologies to remove impurities (magnesium, sulfates, sodium…) and recover, as required, brine rich in lithium salts or lithium hydroxide by means of bipolar electrodialysis."
https://eurodia.com/en/eurodia-for-hydrometallurgy-and-the-lithium-industry/
Established near Aix-En-Provence, the EURODIA group employs around 100 people working in France, in two subsidiaries respectively located in Napa, CA USA (Ameridia), and in Sao Paulo, Brazil (EEDB).
So South American connections ?
PS - Wave also worked on this project ! Connections between the 3 companies already
Tees Valley Lithium link up with current Rock Tech lithium processing chemical company JordProxa.
Experienced.
"Lithium recoveries based on analysis of a multi-phase test work program covering a broad variety of spodumene concentrates and as simulated in the mass and energy balance indicates a potential average leach extraction of 94.5%, a projected lithium loss in other parts of 3.5% and therefore an overall lithium recovery to 91%. Critically the metallurgical testwork included vendor testwork results for key process equipment supplied by FLSmidth & Co. A/S (Kiln and Roasting circuit) and JordProxa Pty. Ltd and GEA Group AG (Crystallizer Circuit). To allow for operational experience factors and the possible effect of spodumene reactivity, the overall recovery has been discounted to 86% in the process design criteria and subsequently the cashflow model. This conservative approach to recovery has the effect of defining the requirement for higher spodumene and reagent feed rates thereby creating sufficient processing capacity to achieve higher recoveries and process efficiencies once the process has been optimised."
Tees Valley Lithium processing plant is a plug & play chemical plant.
This venture will lead to a process that is proven in design.
My guess is now this venture is announced, those who are happy with JordProxa's previous planning, building results will be in position to understand when actual lithium offtake can be calculated in size , timeframe and investment requirements as the figures firm up.
Another big step.
JordProxa designed, fabricated and dispatched several large-scale orders to site, including an evaporator and two crystallization plants to lithium producer Albemarle in Western Australia.
“JordProxa understands the process fundamentals that influence product quality through evaporation and crystallization. We combine the project delivery skills and global footprint of Jord and Proxa and are perfectly positioned to deliver state of the art plant solutions for ultra-pure battery chemicals at large tonnage scales.”