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Major Oak - its from South America
CEO shows links to ALK TVL and those over at Pensana with their REE project ?
"In South Africa, the world's foremost producer of platinum-group metals (PGMs), a significant amount of minerals can be obtained from the country’s vast amounts of PGMs tailings, that are found in the Bushveld Complex in the Limpopo and North West provinces."
"Mineral recovery technology company FineTech Minerals, in which Acrux Resources is a shareholder, specialises in the recovery of fine and ultrafine oxide mineral particles.".
Very much like reduction of spodumene to Lithium sulphate for transit saving 90% of waste being shipped across the globe?
https://m.miningweekly.com/print-version/-pursuing-critical-minerals-in-discard-tailings-2023-08-14
UK Lithium supply to Tees Valley Lithium from South Africa ?
https://acruxresources.co.za/?trk=public_post-text
UK Lithium gets boost in Tees Valley Lithium supply.
https://www.wogen.com/trader/kenta-brown/
Wogen are opening up lithium supply as part of their expansion. Very much more in to REE's and Graphite.
This is a big step up for Wogen !
I will be following Kenta over the next weeks and months.
Q - What happened to Optivar / Traxys merger and MoU with TVL ALK ?
Still this is movement forward.
The next news is finance.
It is a very interesting time. :)
This is excellent progress. Firstly it unlocks the last part of the jigsaw for financing; 5 years supply for a the first train is significant. Secondly and just as important in my opinion is that it de risks the ALK/TVL option for OEMs, Tier 1/2 suppliers and other potential feedstock providers. As things stand today there isn’t enough global lithium processing with strong ESG credentials to go round and getting this operation funded is going to increase its attractiveness and could potentially swing any 50/50 decisions ALK/TVLs way.
VSA, the broker, recently gave ALK a target price in excess of £15 and this news has to drive it firmly in that direction if not above….
Https://vnexplorer.net/monsters-of-rock-allkem-flags-growth-over-dividends-ahead-of-livent-merger-s6782705.html
Very interesting view of global lithium from the 3rd largest player. No dividend but reinvest the profits from last 12 months boom in to increasing its opportunities.
M&A with low sector market caps will naturally grow quickly from here.
Nobody else bothered to put it up ???
Tees Valley Lithium UK LITHIUM Webinar link
https://m.youtube.com/watch?v=YkOQGfpYZ_8&feature=youtu.be
Further to European Lithiums rns...
"The Transaction is progressing through the approval process and remains subject to SEC and Sizzle shareholder approval as outlined above.
Upon the closing of the Transaction, EUR will be issued US$750 million worth of ordinary shares in CRML.
Tony Sage, Chairman of EUR said “The company is excited that after a long and exhaustive process we are the final stages in seeking the SEC's approval to list on the NASDAQ.”
Lithium globally and UK M&A towards a lithium suply chain with EU, USA, South America & Australia.
As always my postion I declare over a year ago now.
Pilbara Minerals in a JV / partnership or buyout.
NOT INVESTMENT ADVISE. DO YOUR OWN RESEARCH.
Since my initial position I do see a credible point for Albamerle in this current last month or two to be a very interesting company who also could do what I think PLS may well do. A bidding war would be nice.
A good example of the global transition of miners, OEM's, chemical producers ( brines in the main )
"On 26 October 2022, European Lithium announced that it has entered into a business combination agreement with Sizzle Acquisition Corp., (NASDAQ: SZZL) (Sizzle), a publicly traded special purpose acquisition company, pursuant to which EUR will combine its wholly owned Wolfsberg Lithium Project (Wolfsberg Project) with Sizzle via a newly-formed, lithium exploration and development company named “Critical Metals Corp.” which is expected to be listed on NASDAQ under the symbol “ CRML” (Transaction)."
#ALK will be hosting an update webinar on Wednesday 1st November at 12.00 pm following recent key updates on the strategy in Australia as well as feedstock/offtake progress.
ALK will be represented by Paul Atherley, Non-Exec Chairman
Link to sign up to the Zoom meeting is on Alkemy's Twitter page
“No significant dilution” has been the stated case since Alkemy first published their prospectus, nothing new here.
‘No significant dilution’
So there will be dilution, wonder how much
That all depends on whether you are an Investor or Trader,. There is a huge incentive not to sell when there is a 50% discount on Capital gains Tax profits for shares held longer than twelve months. With projects like this you are either an Investor who believes the potential for Mega returns or if you are a Trader you should forget about the story and only base your decisions on market movement.
Easy to whinge because we take the info from experienced entrepreneurs like the CEO who really should know better than to give pessimistic timelines, and invest on that info. He should've known that he's got a lot of ground to cover before any notion of funding was to be regarded as being realistic.. Which were the questions I asked.
I'd rather wait to invest on confirmed news, yes, I'll miss the initial rise from these levels, (should news drop tomorrow), but I've made many times more since I extracted my cash in early summer and invested elsewhere. To each his own, but I don't see the time being wasted in leaving cash tied in one stock for so long with no timeline clarity from BoD.
Very easy to whinge about timelines and yes indeed, company were clearly over optimistic re 2nd quarter 2023. But it isn’t easy to negotiate an enormous deal with a global automotive OEM either and if that takes some time then that’s fine by me 👍
O&W, not AIM, but I agree with your views.. Infact I got kicked out of Telegram room prob because I was too factual and they didn't like it, not balanced views IMO!... but seems the market agrees with me... and it is where it is!
Nobody likes missed timelines, promised news by 2nd quarter.. never happened, and now heading close to 4th quarter, yet no offtake so no funding for big picture project.
Good luck to those still holding, but thank god I sold out and used the money elsewhere which has been much more financially beneficial to me.
Older - not AIM - main market London and Frankfurt
Older, you know full well across the board and globe inflation in wreaking havoc. 80% of anything lithium associated is down , China are tanking the prices hoping to bust the smaller / start up companies who saw the prices rise which allowed the smaller expensive rock mines to "look" more" viable and as last time in 2018/19 those threats to China have been crushed with lower and lower market revenue halting the servicing of funds on high risk developments NEEDED to progress the West to electric capacity.
Seen this all before. This time global climate change is entering politics and people power is on the rise as each year we all believe the planet is changing.
5-6 years ago it was science who were shouting and nobody listening. Now there is more of a public presence at the table and politics cannot simply ignore the matter nor pressure to progress.
Yes the markets are way down BUT it presents those with large spare capital to go hunting for the cream assets that have been taken down by a sector fall and not operational fall.
I believe in the chemical process of ALK TVL and see no resason why in time the sector will bounce back after an enevirable rest after China takes its foot off the global throat and once again decides to expand.
Its just timing from my experience. Expect M&A generally to increase widely.
Https://www.lse.co.uk/rns/ALK/corporate-update-4wxn7uy8g7nxwt4.html
https://www.mining-technology.com/news/albermarle-lithium-hydroxide-expansion/?cf-view
Tees Valley looking at 4 train production = 96,000tpa
Current raising of $600m for two trains ( one in uk & one in Port Hedland ) £500m approx.
So 4 trains in Tees coming in around £1.5-£2B.
Lithium to Lithium SULPHATE crushing in Oz coming in at 4 trains for another £1B ?
Albemarle spending in the US $1.5B on two trains to come up to 4 trains producing 100,000tpa hydroxide.
Ball park comparrison is both coming in around the same figures give or take.
Happy with that !
Whatever happened to those timelines offered in the December 2022 corporate presentation?
Another AIM company underdelivering.
"Albermarle has announced the construction of two processing trains at its lithium hydroxide refinery in Western Australia.
Adding to the two current trains at the plant, the expansion will double the refinery’s productive capacity to 100,000 tonnes. The $1.5bn investment would make Albermarle Australia’s biggest lithium producer outright. "