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From REM plc ,London South East site. Link: https://www.lse.co.uk/ShareChat.html?ShareTicker=REM
I posted last night:
[1]"SEPARATION OF CLAY FROM LITHIUM CAN BE ACHIEVED. IT IS A BREAKTHRU."-BNAmericas @Claudia Sheinbaum, the Presidential FRONT Runner. It was said only the CHINESE had the tech but now the Mexicans may have gotten a breakthru to do it also. BNAmericas article 19.4.24
[2] Kiran Mozario, CEO of KDNC to BNamericas, 18 Mar 2024: " As we remain on schedule to secure the installation of licences by the end of the yr, we are ---------SEEING EXPRESSIONS OF INTEREST from potential PARTNERS to INVEST IN PROJECT EQUITY FINANCE ELEMENT. Once completed, the RE-COMMISSIONED AMAPA MINE ---------CAN RE-START --PRODUCTION, SAID KIRAN MOZARIO, CEO OF KDNC."
[3] "Sorry, typo mistake: Should read US$ 2 2 . 6 BILLION, not $26bn from S & P GLOBAL INTELLIGENCE DATA on SONOARA LITHIUM @BNC-GAN/REM.
"Electric car maker TESLA may set up manufacturing plants in India & MEXICO in 2025."-Business Standard, 24 Apr 2025.
1 hr ago @5:30pm. The other article is from 11 hrs ago.
This article 's source is citing Elon Musk is from this Tues's Tesla EARNINGS call. Usually earnings calls is with analysts and one can listen in. So, LoL, 2 versions of the same Tues Tesla Earnings call.
==]
KDNC VOLUME: On HL, it recorded the same volume as the London Stock Exchange at 847,906 shares vs 346,000 approx on this site?
https://www.hl.co.uk/shares/shares-search-results/c/cadence-minerals-plc-ordinary-1p
https://www.business-standard.com/industry/auto/electric-car-tesla-may-set-yp-manufacturing-plants-in-india-mexico-in-2025-124042401109_1.html =]
@SAKHTAR786 -Absolutely mind blowing re: your link from Jornada which I have just read in English. I quote verbatim:
"MEXITAL MINING=============WHICH BELONGS TO TESLA LITHIUM===========, the latter is STRATEGIC, ===AS IT IS ==ADJACENT TO BACANORA IN SONORA, NOTED AS 1 OF THE ------GREATEST POTENTIAL-IN THE WORLD."
Thank you. @Jimb2 and all invested. I did NOT want to post on this forum anymore because this is a racing forum and ship watching only etc. So, there are some BIG DEVELOPMENTS : [1] From the horse's mouth ie Kiran Mozaria, CEO of KDNC on partners for the Amapa iron ore project speaking to BNAmericas @Mar 2024, [2] S & P Global Mkt Intelligence Data put the value of BNC [think it will also be the JV of 30% with REM] at US $ 2 6 BILLION for SONORA LITHIUM, MEXICO. [3] Claudia, the next favourite in the polls to be President of Mexico may have got the BREAKTHRU in lithium clays via a Geo. BNAmericas reports and this is also recently and via the Geo's Linkedin. To get to my post, go to my profile and see the posts I posted on ------------LONDON SOUTH EAST REM. This site is closed but I can access it. Why did I post on REM? So, that it is posted and cannot be edited and therefore oh, I meant to post etc - it is there to read and check.
Comment: TESLA MEXICO IS NEXT DOOR TO BCN/GAN/REM MEXICO ------I recall DL saying that it is CONTINGUOUS re: Sonora mineralisation via his interviews or his Twitter. Barksy1, myself and Observer842 used to follow REM Twitter and everything DL tweeted closely. I know who Observer842 is on Twitter as he used to like DL's posts on REM Mexico etc.
@news look at this link re Tesla lithium project in Sonora https://www.jornada.com.mx/notas/2022/01/27/economia/silver-valley-y-tesla-otras-mineras-extranjeras-tras-el-litio-mexicano/
Throws Mexico, India factory plans into limbo....
https://finance.yahoo.com/news/teslas-shift-low-cost-cars-010315662.html
His maker
Has any one ever met obs ?
@News,
my view is that either CATL or BYD would be the companies to be providing batteries to Tesla in Mexico, CATL already supply Tesla elsewhere and would be my first choice as it appears by gossip they will be providing model 2 batteries but they have in the past pulled out of plans to build a Mexican plant, BYD are close to announcing a Mexican plant and do provide Tesla elsewhere.
I'm not hopeful that the Morena party will backtrack on A_LO's plans for lithium, although a longshot is that the narcissists will want to have a legacy showing he was responsible for the development of the lithium industry.
Not forgetting GM and Ford are JV's with CATL
https://cnevpost.com/2024/03/29/catl-plans-plant-with-gm-north-america-tech-licensing-report/
GM already works closely with CATL, but that relationship is limited to the China market. The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. or Mexico, along with a GM license agreement for CATL’s LFP battery tech.
Excellent @jimb2.
I quote verbatim from your article: " Lopez Obrador recalled the CONVERSATION with ELON MUSK was very productive, on 2 OCCASSIONS and HE WAS VERY RECEPTIVE." Dated 1 Mar 2023.
With Elon, never say never? Anyway, TESLA 's Gigafactory is awaited. I already posted about " M E X I C O - SILICON VALLEY FOR GREEN ENERGY." In the Reddit group , it is started under CADENCE MINERALS. But the Reddit group ended 1 year ago and they DONT KNOW WHO IS THE EV GROUP/S PARTICIPATING IN SONORA so that is awaited.
REM-KDNC
I am surprised that there is SUCH OBJECTION just discussing SONORA which is a VALUABLE ASSET TO CADENCE VIA REM MEXICO. CADENCE MKT CAP IS £7M and covered by EMH and Evergreen but will not cover the £7m if sold from my cals last night. But others can do further sums as I am not up on all the investments. AMAPA will take some time and it is useful if SONORA can be sorted out. IT IS A VERY MAJOR ASSET TO CADENCE-REM MEXICO. So, why no interest on this forum, I am not sure. But I will leave it to ya all. Franky is on the other RRR forum and I see everyone has gone so I had better take my leave as well. Thank you. News, Tues, 23.4.24.
Appreciated news… Tesla is definitely in a position to negotiate with mexico on the back of their gigafactory development to unlock their historical offtake interests in our sonora jv… and tesla have already commenced construction of their own lithium processing plant in Texas capable of processing lithium clays no less… amongst other more conventional ores… coincidence or forward planning… all those speculations made many years ago could indeed become real…
My recollection is that AMLO was vocal at the time expecting Elon Musk to invest in lithium mining in Sonora, again if I recall correctly Mexico could not meet the US subsides being offered whereby the subsidy was greater than the investment so something like for a $1 invested the US gov would give $1.50 - I do recall AMLO giving that as the reason Tesla declined his offer
https://www.theyucatantimes.com/2023/03/lopez-obrador-open-to-musks-participation-in-lithium-plan/
[1]"Bacanora Lithium prepares arbitration for the cancellation of its concessions."-Expansion.Mx [English available], 16 1.24
"Co.....having tried to N E G O T I A T E with the federal govt to recover the concessions and NOT RECEIVING A RESPONSE. Peter Secker...would DEFEND the concessions with legal action --he told the Expansion, MX. " "Filing arbitration etc."
https://twitter.com/RedChinaALatina/status/1748400333242368075 16.1.24 Read the article as there is "tension" between BCN [G?] & gov and Litio etc not replying etc.
[2]FROM THE FAMOUS JOE LOWRY:
"You can forget about lithium development in Mexico for the foreseeable future...UNLESS ELON TAKES THE SALT SHAKERS to Sonora to work SONORA to work the magic his fanboys expect. Desperate times call for desperate measures. MEXICO THE NEW BOLIVIIA OF LI." -Tweet by Joe Lowry dated 19.2.23 https://twitter.com/globallithium/status/1627349607159066624 Lowry embeds an article by Reuters: " Mexico's Lopez orders ministry to step up nationalisation."
[3] Amy tweeted: " TESLA likely will place GIGAFACTORIES NEAR LITHIUM DEPOSITS in the future as their supply chain gets more localized. TESLA HAD A DEAL SOURCING LITHIUM FROM S O N O R A ." Amy has a vertified status on X and she embedded an article: " TESLA EYES MEXICO EXPANSION, EARMARKING A NEW EXPORT HUB NEAR SONORA LITHIJM D..."-Proactive Investors.
[4] "TESLA ASKED TO START CONSTRUCTION OF MEXICAN FACTORY IN MAR AT THE LATEST AS ELON MUSK FRETS ABOUT INTEREST RATES..."- FORTUNE, 24 Feb 2024.
So, the TESLA and Mex gov agreement for the Tesla Gigafactory is well known. I have other links as well if wanted ie govt chasing Elon. If there is an agreement and if Elon doesnt build in time etc, there could be more chasing etc. No one has seen the agreement but the general info is known. Hope that clarifies tomcat-14.
Tomcat-14
If you are asking me, then I can provide the courtesy of a reply. The above is already known as above so NO NEED to verify. Why? You can look at "Reddit: Could TELSA Mexico revive this 2015 lithium supply deal or be the start of Tesla mining.?- 1 yr ago. Type this title into the search engine to view. EV posted the links 1 yr ago but they were awaiting then the formalisation of talks with Tesla. Now, Tesla is going to build the MEXICAN GIGAFACTORY to ship to the USA. In the Reddit thread, they also have a LINK to Mexican Govt speaking to car manufacturers etc relating to SONORA Lithium. That is FACT now given the link to Claudia Scheinbeum, Mexican President Front Runner in recent days saying that Mexico is going to develop Sonora with their own Geo's etc and they have SPOKEN and TRAVELLED abroad relating to this. @jimb2 would also be aware since EV and jimb2 have also spoken ie convo but not maybe on this thread. That is why I came to post because KDNC.L has closed down like other site - I can get into it if I want but I came to chat to see if anyone knows anything else. EV, Degsie, Obs, Barksy1 and the Club REM have disappeared - Barks is on leave chilling.
Can this be verified… it doesn’t acknowledge any of the recent nationalisation measures and doesn’t seem plausible to me… is mexital mining supposed to be referencing mexalit with the letters scrambled up…
Lithium is the primary metal used to manufacture rechargeable batteries which is the main component in Tesla’s electric vehicles. The lithium in Sonora is already being “exploited by Bacanora Lithium company and Mexital Mining” which is a joint partnership with Tesla.[25] The lithium mining has caused severe environmental issues that violate the provisions under the Sonora River Trust...
@jimb2 Thank you for the courtesy of your reply. NEWS just OUT: "US to take aim at Chinese banks aiding Russia war effort."-WSJ reports, 23.4.24 from The Standard. "THE US IS DRAFTING S A N C T I O N S cut off some banks off from the global financial system." Call up the title to read.
Why some banks? There are mega banks like HSBC and if they cut that as well, then it will affect everyone in the West as well given some of these global mega banks are in the UK as well. So, the above is just a series of articles out today and therefore, it would now appear that is the reason why SONORA [GAN/BCN] is a political issue as said by one article.
Interesting that BCN should have gone it alone with REM. But oh , well, that is life. Thank you. Tues, 23.4.24.
@News,
Given you spoke to OBSERVER842 last wk,
apologies, that may have been confusing when I said
“@Observer842 would have posted with much greater detail than you will find in my posts, I did exchange many views with him - we touched on this a week back, he is certainly missed on here”
I was referring to the exchange of posts with other posters on the fact that @Observer842 no longer posts here.
@jimb2
I will run through a few points with you if I may. 1st of all, the REM'ers are NOT here except you & a few others. The rest are either at Reddit Wall St Bets or elsewhere @Club REM. Given you spoke to OBSERVER842 last wk, I will summarise what I know and found out TODAY. So bear with me given there are 3 CLUBS @REM. ==Reddit was aware that the MEXICAN Govt was holding talks with TESLA 1 yr ago. WHETHER REM CLUBS know that there is an OFFICIAL AGREEMENT as per the title above I dont know. Because there is an LEGAL AGREEMENT, the gov is chasing TESLA to START CONSTRUCTION ON TIME IN MEXICO @GIGAFACTORY. Reddit REM Club also knows that the MEXICAN GOVT have conducted TALKS WITH CAR GROUPS TO BE PARTNERS @SONORA LITHIUM but REM Club cannot confirm if it is TESLA that will be helping with Sonora. But the above title states SO.
SONORA LITHIUM: So if TESLA STARTS CONSTRUCTION etc in Mexico, they will be getting LITHIUM FROM SONORA. BCN /GAn said Sonora lithium in production WILL BE THE LARGEST IN THE WORLD. SONORA LICENCES NATIONALISED AND TAKEN BACK FROM GANFENG/BCN & REM MEXICO. Not up to me to postulate who will get the licences - up to each one to keep their hopes it may be Gan/BCN but from the link I gave, the gov will NOT COMMENT so doesnt look too positive.
Not surprised as the govt have already held talks re: EV vehicle partners and Club REM thinks it is TESLA. The title as above suggest it could be.
REM MEXICO : The KCNC RNS was 16 Nov 2023 saying they have appointed Clifford Chance to speak to the Mex gov re: discussions and negotiations but todate, KIRAN HAS NOT UPDATE whether they got a welcome or cold reception, the latter of which Gan appears to have got. WHY SO LONG OF NO SOUND --OVER 5 MONTHS NOW. EVEN IF GOVT SAID NO, THAT IS ALSO POSITIVE AS FILING FOR INTERNATIONAL ARBITRATION CAN TAKE PLACE. SO, KDNC HAS TO JUST LOOK FOR A FUNDER and there are quite a few firms doing that . AVZ got A$20m to fund int. arb vs DRC gov and interim ruling in AVZ's favour. Clifford Chance would NOT have taken REM MEXIC'S CASE ON IF THERE WAS ABSOLUTELY NO CHANCE so one assumes there is enough legal material.
KDNC RNS: It could just spring out one morning and only possibly 3 scenarios: [1] NO, IS THE ANSWER FROM THE GOV. [2] YES, BUT THE SUM IS NOT AS LARGE AS MANY MAY WISH FOR like Bannor wants $150m or £150m. [3] Not sure if WH Ireland has given a potential payout valuation given the broker note is NOT fully seen. [4] Some compromise. The Sonora situation is actually important to KDNC as it would help if a resolution is achieved.
I checked Degsie and he last posted in Mar 2024 so cant ask if he can get the WH Ireland note to see re:Sonora. I have seen an S & P GLOBAL note on SONORA valuation. So, over to you or anyone else if they care to share notes as to where we all are at. Thanks. Tues, 23.4.24 Not editing. Just came in.
Link: https://coha.org/mexico-tesla-agreement-mutually-beneficial-or-one-sided-arrangement/ -COHA, 18 Mar 2023
Comment:
[1]Initially, BCN /Gan would sell to TESLA and sent the Sonora lithium across the border to the USA where Tesla factory was.
[2] State of the TESLA gigafactory coming to MEXICO - I posted what was happening as well eg from Bloomberg etc.
[3] I have today located the AGREEMENT BETWEEN THE MEXICAN GOVT & TESLA TO COME TO MEXICO to build the gigafactory as above. -------SURPRISE, SURPRISE --LITHIUM IS COMING FROM SONORA.!!! --PART OF THE MEXICO GOVT & TESLA AGREEMENT SIGNED.
Then, Tesla exports vehicles BACK INTO THE USA. BCN now says SONORA IS GOING TO BE THE BIGGEST LITHIUM PRODUCTION PLANT IN THE WORLD --ah back that is now not possible as BCN/GAN is now out of the loop ie licences NATIONALISED.
Isnt that interesting? Sorry, yesterday was meant to be short and sweet but I did not realise jimb2 wanted a to and fro.
It is now short and sweet. Tesla says they are still going to build and construction etc ...MEXICO SIGNED THE AGREEMENT WITH TESLA and they are chasing the agreement. DYOR, NIA. Tues, 23.4.24 Finished posting. Thank you.
Ref: Tweet by DL referring to a article about BCN/GAN supplying to Tesla of which link was posted yesterday.