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Yeah, Weardale could certainly be a great very low carbon supplier of feedstock down the line for trains 3/4 if they can get their pilot plant up and running successfully.
Today is at the very least a marker set down that the project is being looked at seriously and has been over the last 6-12 months for TVL to gain a grant.
Happy with that and it will aid the next steps
Europe values carbon. And weardale is a low carbon lithium company. If weardale is successful, alk can get low carbon lithium. I don't know the future, but I hope they succeed.
Tees Valley Lithium Hydroxide plant is a no brainer for qualified & certified Lithium Hydroxide & Carbonate anode material !!!
"One of the key problems is the slow progress in producing electric batteries and the lithium hydroxide that powers them.
In Germany, AMG Lithium, the first factory in the EU to make lithium hydroxide, is about to go into production with an order book stretching into 2026."
https://www.theguardian.com/environment/2023/sep/24/carmakers-call-eu-delay-tariff-electric-vehicle-exports
This coming Wednesday, it will be five weeks since the Australia Feasibility Study was complete and announced to market, which was going to be used for "utilised for completion of due diligence activities with various potential feedstock suppliers as a planned next step to finalising binding agreements."
Now these are undoubtedly big companies carrying out the due diligence, which invariably will take some time - how much time is anyone's guess but 6-8 weeks would seem realistic. Should mean we're getting very close to feedstock...
Land grab of 61,000 land claims by Rio looking for Lithium.
https://www.afr.com/companies/mining/rio-tinto-s-stealth-moves-in-wa-lithium-grab-20230917-p5e58k
https://www.google.com/maps/search/kathleen+valley+australia/@-24.6760897,119.0541734,5z
Quick look at 1.70 then all way back down.
Sunak - The key words here from a global mining company and maturing start up = FAST TRACK !!!
https://li-cycle.com/press-releases/li-cycle-and-glencore-announced-plans-for-a-two-phased-approach-to-the-portovesme-hub/
SUNAK - "ExxonMobil thinks Arkansas contains 4 million tons of lithium that could create batteries for 50 million electric vehicles (EVs). Let that sink in."
cough cough CORNWALL !!!!! You have a brain ... US IT. ExxonMobil are an OIL giant telling us LITHIUM is the way forward for energy storage ????
DING DING DING
Sunak "In what world are you leaving in" ?
“2023 will mark the first year where lithium ion battery production surpasses the 1TWh threshold,” says Benchmark COO @amiller_bmi in his opening presentation of Benchmark's #GigaAPAC conference. https://t.co/eZe3J5Nngc
DING DING DING WAKE THE F UP
Hydrogen
Wind
Solar
Even sodium ion batteries which I point out CHINA are building at BONKERS speed.
WAKE THE F UP !!! This is worse than Truss to even consider kicking the can on our living, green environment that our childrens children need. Not the stressed out climate that is coming.
Tees Valley Lithium & Alchemy Capital are correct and have been all along to try and progress this whole UK / Australian project without as much government inteferrence as possible.
We were brought up to have a bit of trust in the planning of our governments but the last 10 years has blown away any thinking that any of the leaders from any part have a halfpenny of a clue about true leadership.
"If" they do not step UP investment rather than cut in this sector its just leading to wasted billions just like the clusterf...k of HS2 that nobody wanted in the first place.
I
Looks to me like we had a few Traders expecting an RNS, when it did not eventuate they decided to take their kitty else where. Brave or stupid ? I guess we will find out very soon.
10p spread is usually a sign of selling / buying action.
The average is usually 30p spread
Https://teesvalleylithium.co.uk/wp-content/uploads/2022/08/ALK-Shard-initiation-5-August-2022-1-1.pdf
Pallinghurst are big backers of Traxys/Optivor
5th August 2022 9FOR QUALIFIED AND PROFESSIONAL INVESTORS ONLY
TVL has an MOU with Traxys to source/supply feedstock
► Source and supply. TVL has entered into a memorandum of understanding (RNS 21-7-2022)
with Traxys to source and supply lithium feedstock for TVL’s planned processing facility in
Teesside.
► Feedstock for Train 1. Under the MOU, Traxys has agreed to cooperate and collaborate with
TVL to source and supply lithium feedstock for train 1 (24,000tpa LiOH) of TVL’s processing
facility located at the Wilton. TVL plans to commence construction of Train 1 later this year.
Based on our own modelling assumptions and chemically derived ratios, we estimate that
this could imply an LSM feedstock requirement of just under 40,000tpa.
► De-risking. The ability to consistently source feedstock at an appropriate cost is one of the
primary risks of the planned operation, in our view. Consequently, we see this MOU with
Traxys as helping to significantly de-risk the project.
► Traxys is a major player. Traxys is a leading, privately owned, physical commodity trader and
merchant in the metals and natural resources sectors. Its logistics, marketing, distribution,
supply chain management, and trading activities are conducted by over 450 employees in
over 20 offices worldwide, with annual turnover in excess of US$8bn.
► Lithium business expanded. Traxys sources and finances raw materials in every major
market but recently the group expanded its lithium trading business as part of a commitment
to continue building its technology and battery materials franchise globally. Traxys Europe
recently joined the International Lithium Association, an industry membership organisation
dedicated to ensuring that Lithium is ethically supplied worldwide and to share best practices
in determining and achieving lithium supply chain efficiencies. In 2019, Traxys established a
battery materials joint venture the Pallinghurst Group to invest in large, low-cost projects
predominantly located in investment grade jurisdictions across North America, Europe and
Australasia. The JV focuses on the entire value-chain, from sourcing raw materials to
managing the beneficiation and value-add process, as it supplies battery grade materials to
major battery makers and their intermediate suppliers globally. Traxys also has offtake
agreements with various companies including Lepidico (ASX: LPD) and European Lithium Ltd
(ASX: EUR).
► Other supply initiatives. TVL is also investigating the possibility of building an intermediate
lithium product refinery in Western Australia. The rationale would be to act as a regional
refinery hub which could take existing SC6 material from the plethora of Western Australian
spodumene producers. This spodumene concentrate could then be refined into an
intermediate product such as LSM before shipping to TVL’s refinery in the UK. We don’t have
any more details of this initiative yet, but it makes sense given
Https://www.minister.industry.gov.au/ministers/king/speeches/speech-australian-british-chamber-commerce
Alkemy specifically mentioned.
Https://find-and-update.company-information.service.gov.uk/company/14030055
Still everything to play for here MajorOak. One RNS that hints of feedstock and/or potential offtake and we are in biz. Market cap won't stay down here.
Soon, to take advantage of the weak sector.
JV imho still think PIL could well make a significant move but thats going to start from news in Oz
Great work MO, Thanks, Vii
Https://smallcaps.com.au/kalamazoo-resources-enters-jv-lithium-producer-sqm-pilbara-projects/
Https://www.mining-journal.com/discovery/news/1423594/sqm-to-explore-for-lithium-in-the-pilbara
Https://www.alkemycapital.co.uk/news/download-file?path=20230426%2B-%2BAltilium%2BMOU.pdf
https://theevreport.com/sqm-lithium-ventures-invests-in-altilium
As the thread suggests lets see if we get a kick up after 11.30 and up to 2pm on USA buying premarket.
I note more sold thank bought but the price is up?
Order being filled for US open. Stock being held for their open, as seems to be the case the last few days
47 trades already on this low issue stock.
With so few on the ooen market people are buying what they can get ie small chunks = lots of trades.
Someone or investors in the last week have suddenly been trading.
The question is why ? This sleepy old dog was at £1.25p with 5 trades in a day. Now we have had near 5 trading days of 30+ trades a day ? Why ?
To note the price is rising in this period not faling.
Why are people buying right now ? News is late. Funding still awaiting. Feedstock announcement way behind ?
This stock "should" be going fom £1.25 p lower if you look at the current missed potential ?
Https://twitter.com/AlkemyCapital/status/1681963769612623873?t=nOJRPt_b_wyF0QlucuR2SA&s=19
TVL's processing refinery is expected to produce enough lithium hydroxide to supply 100% of the forecasted automotive demand in the UK, with a further 35% of its total production available for export to other countries in Europe and elsewhere.
Utilising state-of-the-art electrochemical processing and powered by 100% certified green energy, TVL's zero waste lithium refinery will be the largest in Europe - producing 96,000tpa of low-carbon battery-grade lithium hydroxide once in full production - equivalent to 15% of projected European demand.
The project is the first of its kind in the UK, the biggest in Europe and will when completed be a key supplier to UK and European giga factories, electrical vehicle and battery storage industries.
I spoke to the Paul and Molly again on Friday - the current valuation and share price is in complete disconnect in a bad market. When infact 600million funding negations continue to advancing in tandem with feedstock and offtake.
10mil mcap - From the inpatient to the patient and well researched.
https://x.com/AlkemyCapital/status/1687342602969124864?t=2p8FcjWFG6ccIW_Fp8vtwA&s=08