Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Not paying any heed until/unless we get an RNS...but definitive news would be welcome.
This is panning out exactly as I feared it might, and as I alluded to previously. TIA. But it can all change in the blink of an eye of course, and we all hope it will. GLA.
I haven't paid to see the article but the run-in sounds positive and it's up to date so maybe this and the passing of the act are positive pieces in finalllllly getting that MDA over the line
Malawi targets minerals expansion with mining development deals
In depth
Issue 486 - 11 Jun 2023 - By Tonderayi Mukeredzi | 3 minute read
Malawi plans to use its abundant critical minerals to reduce poverty and cut its long-standing dependence on agriculture. Following a mining development deal signed with Australia’s Globe Metals and Mining in March, several more agreements are in the pipeline, writes Tonderayi Mukeredzi.'
https://www.africa-energy.com/news-centre/article/malawi-targets-minerals-expansion-mining-development-deals
It's the hope that kills.
https://twitter.com/Times360Malawi/status/1668626431029694469?s=19
"President Lazarus Chakwera has today assented to seven bills that were recently passed in parliament.
This has been done in accordance with the powers conferred upon him by Section 89 of the Constitution of Malawi" (included is Bill No. 13 of 2023: Mines and Minerals).
i just looked back to the rns in january which mentioned that the mda should be finalised “shortly” it now feels like we will see the second coming of the christ before the malawi govt will get off their fat ****s and get this done. mkango are still sounding about getting the first concentrate early in 2025!! not a hope in hell. day after day, week after week, month after month and still we wait for this bombshell to land. i’ll bet the ukraine war will be over before we ever see this “mirage in the desert”
Https://www.proactiveinvestors.com/companies/news/986598/mkango-resources-releases-definitive-feasibility-study-for-songwe-hill-rare-earths-project-in-malawi-986598.html?region=ca
“ Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) unveiled a definitive feasibility study (DFS) for the Songwe Hill rare earths project in Malawi that indicates a US$559mln post-tax net present value (NPV) and a 31.5% post-tax internal rate of return”
I wonder if talks have well and truly stalled...
Come on MKA, drop that US/UK backed MDA bomb you've got locked and loaded!
Neodymium ticking up again.
NEW: Sunak and Biden charge batteries of the Special Relationship tonight - shaking on sweeping economic security pact
New Atlantic Declaration will see the UK and US tear down protectionist trade barriers on critical minerals vital for electric cars
Well thats Super!
He ended with 'Super profitable business' :)))
2
1 so far!!
Sweepstake on how many times Treger says his catchphrase - "Super Excited"
Took another 5K shares here. Feels like it could be the calm before the storm. Or could just be heat stroke :) GLA.
"For electric traction motors alone, estimates suggest that global demand will increase to twenty times its 2018 level by 2040."
"According to Adamas Intelligence, Toronto, global consumption of neodymium (NdFeB) magnets grew by 18.1 percent in 2021 and is forecast to increase by a compound annual growth rate of 8.6 percent through 2035" (from the Noveon article)
Those are kerazy growth numbers and we're not even talking about military hoarding yet which is absolutely nailed-on to happen.
'demand in this sector is expected to increase by a factor of almost four over the same period. To ensure long-term security of supply, intensive research is therefore being carried out into processes for recycling neodymium and the like. '
https://newsroom.porsche.com/en/2023/innovation/porsche-engineering-magnetic-raw-materials-32040.html
'Rare earths and technology for the green revolution '
Speaker at 2023 Junior Indaba conference Jburg 6-7 June
https://www.juniorindaba.com/speakers/2023-speakers
Justin says a comparable business has a valuation of hundreds of millions of dollars with the US 'super interested in it'
2.00
https://www.youtube.com/watch?v=Ya_iht83KJM
looking to have 5 US recycling plants within 4 months ... probably not all RE ones but certainly sounds like more than one will be
Good read this, a blueprint for what will likely happen to Maginito / HyproMag
https://recyclingtoday.com/news/noveon-targets-rare-earth-magnet-manufacturing-using-recycled-material/
- In 2018, it began construction on a commercial site in San Marcos, Texas, with initial magnet production capacity installation starting in 2020.
- That was followed shortly by an investment from the U.S. Department of Defense (DoD) of $28.8 million
The company developed novel magnetic products and processes in 2012, and the first magnets using grain boundary engineering and recycling technology were produced commercially in 2014. It then set up a pilot plant in Austin, Texas, in 2016.
Once we prove commercial NDFEB we should really start to accelerate quickly (both in developing more plants and valuation)
Noveon seem to have done very well in NA to date (with Toyota)
Dunn says Noveon has developed relationships with original equipment manufacturers, including collecting all the rotor subassemblies from about eight Toyota Motors plants in North America, and recyclers in North America. The company is teaching its raw material suppliers how to disassemble items to facilitate rare earth magnet recovery.
This is an interesting snippet
- The supply-demand imbalance broadly for these materials is so significant that pricing is likely to grow. As Noveon proves its recovery model, Dunn says pricing will increase, encouraging additional recyclers to recover rare earth magnets.
Cant see how we don't end up with a valuation significantly north of £100m+ just for the RE magnets in the next 12-18 months, that would be a ~4x bagger from here (discounting songwe) and would just be the start
Critical Importance
Strategic
Multiple Bidders
Demand outweighing supply
Blue Sky Scale *(as evident by five potential plants already in the pipeline)
Profitable (rule of thumb $80m NPV vs $15m Capex)
Premiums (Less emissions vs mining)
Green discounts / tax reductions (10-15% in EU and US)
Https://www.innovationnewsnetwork.com/rare-earths-forgotten-foundation-green-economy/33641/
Mkango and HyproMag get a mention
MDA is definitely the drag here...all I can say on it is Lotus seems to be making the headlines at the moment with their MDA struggles but Mkango were previously deemed ahead of them and it looks to me like they are quietly but significantly moving behind the scenes as it were in securing that MDA that works for ALL stakeholders....
The fact is though recycling will be profitable before and far more profitable than any mine ...