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I guess they can now produce those magnets
'ABOUT THE RaRE PROJECT
RaRE will establish an end to end supply chain for recyclable rare-earth ancillary motors. Building on work completed at the University of Birmingham to devise a method to extract magnets from waste electronics supplied by Intelligent Lifecycle Solutions. The material will be re-processed back into new magnetic materials at pilot scale by Hypromag to demonstrate the quality of material which can be produced in terms of its magnetic behaviour, mechanical performance and corrosion resistance which are key to the end user application.
The recycled magnets will be built into an ancillary electric motor designed by Advanced Electric Machines Research to a Bentley Motors specification and focused on reducing the overall complexity of electrical systems in electric vehicles and designed with recycling in mind. This will be the first time that such a recyclable motor will have been demonstrated. Unipart will take this motor design and use it as the core focus for the design of a flexible volume motor assembly line suitable for production volumes of 100,000 units p.a.
The total budget for RaRE is £2.6 million, of which the Office for Low Emission Vehicles (OLEV) via Innovate UK will fund £1.9 million with project partners funding the £0.7 million balance. HyProMag’s contribution will be fully funded from the £300,000 investment made by Maginito in January 2020.'
It's good to see Xi is taking the MDA seriously there
Xi Calls On China's Top National Security Officials To Prepare For "Worst Case Scenarios"
Yup - 5% off the low now and still going.
Neodymium price continues to recover
Sharedealing - the transfer of wealth from the impatient to the patient!
Just patience some people don't have it and want a quick buck.😉
It is OH so beautiful. Cant believe anyone is still selling!!
For Maginito’s HyProMag technology, scoping studies and site selection in the US are underway ahead of a feasibility study. Discussions with the US Government, potential customers and recycling partners have commenced and are ongoing. The US roll-out will be completed in parallel with the UK and German based developments and will benefit from operational experience and
production ramp-up in the UK and Germany. Revenue from the US operation is targeted for 2025/2026. This US operation will be owned on a 50:50 basis between CoTec and Maginito.
Malawi must be careful not to kill the geese that will lay the golden eggs. It would be a big mistake for Malawi to be too greedy in these negotiations. They could end up with no forex no mining sector and no investors. No point in having rare earths that stay underground.
A staring match...who blinks first
It does seem like the ministry of mining is playing seriously hard ball though.
Glad to see MDA conditions attached to these new options, but think the strike price should be higher than the last raise price. Especially given the last raise price was probably a bit of a gut punch to holders at that time. I would like to have seen at least 16p - but preferably 20p - but hopefully this does mean that the licence is close now. Fingers and toes crossed, everyone! :)
Article and more interesting that the Malawian Ministry of Mining post it!.... I think the ministry is very much pro getting the MDAs done
https://www.facebook.com/photo?fbid=246512784692566&set=a.200109085999603
Maybe the grant of options indicates MDA/ML news soon. Good they're exercisable at Feb's raise price and are tied to MDA/ML grant. I trust the usual restrictions on selling option shares apply and there's no incentive for MKA to concede points in the negotiation now just to get a deal done and get the options. I don't think there is btw but the thought occurred.
"The Ministry of Mining has today launched a Mining Strategic Plan and the National Petroleum Exploration and Production Policy."
Of you check out the new policy doc, you can see the ministry of mining have signing of the MDA targeted for 22/23 financial year (p29 I think). Lots of rumblings going on. More than meets the eye.
https://twitter.com/Times360Malawi/status/1663127059265204226?t=qllxTJT-F0n-BrT-5mDOXA&s=19
*CHINA DECLINES US REQUEST TO MEET WITH SECRETARY AUSTIN
*CHINESE DECISION IS 'CONCERNING,' PENTAGON SAYS IN STATEMENT
EXciting times.
Gla
Can't wait for JV news
Looks like more pressure building for Lotus MDA.
https://www.nyasatimes.com/k1-5-trillion-kayelekera-mine-investment-stays-idle-for-2-years-worries-parly-committee-chief/
I think short term we can expect a new Joint venture announcement in the US with Cotec, 3 recycling plants granted up to the hilt with US money. (Well.. that's what I'm hoping for). As for the MDA, who knows... if it comes fully funded then boom... could be Monday, could be a few months, maybe there is a lot more going on than meets the eye. Even down here I'm quite excited, I'd love MkA to come up trumps, if only to put a smile on Silvermaples face! :)
Thanks for your reply..
MDA News expected any day. However it has been expected any day for the last 6 months. More likely to hear rumbles from the malawi gov/ministry of mining before a formal RNS (just based on past news).
Any other views?
Anyone any idea?...thanks
Dickie
Good visual on other rare earth recycling companies.
https://twitter.com/Tri_Blanco/status/1661262000284901376?t=3KgJ_ypZGzsCehPCzaTp1A&s=19
I wasn't aware there were other companies also using hydrogen decrepitation method. Trying to understand just what is protected in our patented tech.
Any info we'll appreciated