Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Surely ready now to increase the speed of desicions , with the increase in spending budget . Offtake cannot be far away now . New Budget and New Head of Batteries . All now falling into place .
https://todayuknews.com/automobile/herbert-diess-keeps-ceo-job-vw-increases-ev-spending-to-catch-tesla/
Something for the weekend - perhaps.
https://podcasts.apple.com/us/podcast/the-global-lithium-podcast/id1483677267?i=1000544578396
Most interesting listening from 34mins.
We cover the recent rise of Chinese investment in South American lithium projects.
Will recycling contribute significantly to lithium supply before 2030?
Solid state batteries & the potential impact on what lithium raw material requirements.
Rapid fire.
I have a feeling that we will get a favourable RNS next week. I bl**dy hope so.
We could certainly do with some news, as this is drifting
Ford needs batteries for its electric vehicles more than semiconductor chips, CEO Jim Farley told CNBC’s Jim Cramer on Thursday.
https://www.cnbc.com/2021/12/09/ford-needs-ev-batteries-more-than-semiconductor-chips-ceo-says.html?__source=sharebar|twitter&par=sharebar
Make that all car Manufacturers . VW even more so .
Serbia has suspended two laws apparently designed to help mining multinational Rio Tinto open a lithium mine in the west of the former Yugoslav republic.
https://www.eurasiatimes.org/en/09/12/2021/serbia-government-backs-down-on-controversial-lithium-mine-after-heavy-protests/
Good news for us .
This could be the delay to VW coming to the party :
https://www.reuters.com/business/autos-transportation/volkswagen-prepares-battery-division-capital-markets-ceo-2021-12-09/
13 mins in disscussion of the price of lithium $15,000 and that was cautious so could be more.
pre paid up front is happening so I think Keith is playing this perfectly, as prices go up his hand gets stronger. Little to no dilution is possible, the right deal(s) New Czech government will sort themselves out soon and be brought up to speed with Cinovec and thus VW can move on .
I would think that bigger investors are waiting to buy into EMH bolster their port folios with Green, green , green lol
Just a thought , 2 offtake prepayments ( 8,000 tonnes Li at $25,000 = $400 mil ) allows us $1.3 bil capex for production , that will assist the double production plan for sure . And EMH wont need to dilute shares to raise funds . There is a lot to like about this stock . VW offtakes in the new year I suspect , still also smell Tesla around the corner . Apparently VUL have already sold their whole production plan for the first 6 years . And all their offtakers have only scratched the surface of their actual needs . Happy days to come .
Not about EMH , but a panel in the Li indudustry , what I liked they mention the big guys are now happy for prepaid offtakes , woooppeee
https://youtu.be/fA-pY8RhRFk
So long as it's an electric Porsche.....
PPS Freyr news release on the VW / 24M JV
https://finance.yahoo.com/news/24m-technologies-announces-ev-battery-144700945.html
PS Freyr are currently in negotiations with Lithium suppliers which could include potential suppliers like Keliber Oy (Finland), and our fine selves of course.
bobm - Freyr Battery already in a similar JV with 24M and are intending to build 4-5 Giga factories in Norway. In addition Freyr & Koch Strategic Platforms have also signed a JV with 24M for a Giga factory in the US. Basically the batteries using semi-solid 24M technology could come from Norway.
If you have noticed , since the supply chain disruptions during COVID most nations are attempting to source food and other raw materials locally. This is apart from the perceived 'green' benefits of doing so.
Also, since COP26 many individuals are starting to question the provinence of the items they purchase. Just think about what today's young people, tomorrow's consumers/voters/investors will do to those who do follow a 'green' strategy. Long live Greta!
... Materials Joint Venture':
https://www.umicore.com/en/investors/financial-calendar/umicore-and-volkswagen-ag-to-create-european-ev-battery-materials-joint-venture/?utm_source=twitter&utm_medium=social&utm_campaign=cor_con_inf_oth_cmo__JV%20announcement
Especially like - "Teaming up with Umicore enables us to establish a state-of-the-art supply chain in Europe as we share common values such as responsible sourcing of raw materials, as well as closed-loop thinking.”
If so their ESG material supply credentials will be absolutely dreadful !!
Would not be in VWs interest if the 24M batteries are transported to EU factories - so batteries would become classified as 'blue' batteries (?) instead of the 'green' batteries made from locally sourced EU materials !!
So - is VW looking to supply its EV factories in EU with semi-solid batteries made in the US from battery materials sourced from USA & S. America ? Your views - please.
.... manufacturing.
"WOLFSBURG, Germany and CAMBRIDGE, Mass. — December 8, 2021 — Volkswagen Group (VWAG) and 24M Technologies, Inc. (24M) today announced they have entered into a strategic partnership to manufacture next-generation lithium-ion EV batteries using the 24M SemiSolid™ platform. The partnership is focused on the development of production technology for SemiSolidTM battery cells for use in VWAG electric vehicles (EVs)."
link to Press Release : https://24-m.com/pressrelease/#VW-24M-EV-Battery-Manufacturing
Not sure if old news but from yesterday at E15.
"The investment in mining is to be part of a five-year plan that VW's supervisory board will receive on Thursday". https://www.e15.cz/byznys/prumysl-a-energetika/tezar-volkswagen-obri-investice-do-elektromobility-se-zameri-i-na-suroviny-1386026
I wondered if we may sell Geomet down to 5-9% to VW for a free carry and royalties for the 5-9%? $1billion sale, serious income, no future costs? EMH can pick up something new and have financial support long term.
EMH need to get a move on, it's the only hope I have of getting a Porsche / Porche / Porch and I want to get one before I'm too old to get in\out of one.
Pleeeese, don't upset a future PORSCHE owner with misspellings .
Could be right on point there with Porche !
VW are also waiting to finalise the gig factory partnerships in Czech Republic in January , it will all be mixed up with Cez , Gotion and themselves , we may have to wait for ours til then , and of course KC is pushing for first year payment up front , maybe thats why VW will IPO Porche , they desperately need big cash for their EV push .
To me it makes sense to wait for revised numbers, the dfs and then sign an offtake with VW and possibly another partner. I like the fact KC is not running around like a wet hen and he has already told us he is in discussions with multiple partners. Like everyone else the timeline is frustrating, but it is better to get the right deal, not any deal.