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Yes, and in addition MKA don't seem to be too concerned over funding going forward. AIM is a fear factory, speculation drops sp 50-60% yet fact raises sp 10% max before selling.
Never understand it albeitits irrelevant to my long term holding. Value will show itself.
Incredible really. Totally missed by the market. I miss the AIM of old, in the 2015-2018 days this would be a 600% spike.
Stand out comment for me.....
"HyProMag is receiving strong interest and numerous enquiries for recycled magnets and recycling solutions, and is engaged in multiple discussions on potential collaboration, with test work trials being completed for a number of major multinational companies"
300k buy 👍, that’s much better.
Gold n bitcoin flying, it must be tempting for some - tis for me too tbh.
Thought we might have turned a corner then bang, 100k followed by 235k sells. Someone is persistent.
Also found this one from January re hypromag, again sorry if already posted, first time I have seen it....
https://www.thechemicalengineer.com/features/life-after-end-of-life/
Not sure if already posted following malawi budget but mka MDA mentioned.....
https://mwnation.com/agriculture-allocation-dwarfs-tourism-mining/
Hopefully the MDA framework can be set very soon as additional companies seek approval...
https://thewest.com.au/business/bulls-n-bears/high-grade-rare-earths-hits-continue-for-lindian-in-malawi-c-13861783
Looky, looky
âť– US WANTS TO LIMIT CHIP CHEMICALS, MORE MACHINERY PARTS TO CHINA
âť– US URGES SEOUL, BERLIN TO LIMIT CHINA'S ACCESS TO CHIP TECH
A reminder if you are restless. Federal stakeholder engagement and strategic partner and grants H1 24.....
"Julian Treger, CoTec CEO commented: "HyProMag is supported by the Minerals Security Partnership [1] and we are looking forward to working with leading EPCM providers to design and build these facilities using HyProMag's considerable experience from the plants being developed in the UK and in Germany. CoTec and Mkango are focused on delivery and will be exploring US Government funding and strategic partnerships for feed supply and rare earth element ("REE") magnet offtake in the first half of 2024.
"We look forward to working and collaborating with local, state and federal stakeholders targeting the completion of the feasibility study" .
Will Dawes, Mkango CEO commented: "We see the United States as a core component of our growth strategy and look forward to progressing the US feasibility study over the course of the year, in parallel with further development of operations in the UK, Germany and other jurisdictions.
HyProMag's recycling technology has major competitive advantages versus other recycling technologies and is a key enabler for cost effective and energy efficient separation, recycling and production of rare earth magnets with a significantly reduced carbon footprint. We are receiving strong interest for recycled magnets from potential customers and for recycling solutions from original equipment manufacturers ("OEMs"), and automotive and recycling companies."
Thanks crumbs, you’ve been excellent at finding these little gems online 👍🏼
Another great find crumbs đź‘Ť
'Recommendation 4 – take a shared approach between government and industry to build a robust circular economy for critical minerals
We warmly welcome industry’s intentions to make better use of CRM already in circulation – increasing recovery, reuse and recycling rates and resource efficiency, to alleviate pressure on primary supply.
The UK has world-leading recycling innovation, which can support a circular economy. For example, companies like HyProMag and Ionic Technologies are commercialising novel ways to recycle rare earth permanent magnets, and Altilium Clean Technology are developing technologies and infrastructure to recycle EV batteries. Government is supporting innovation through programmes such as the unlocking resource efficiency research project, which is aiming to minimise new resource use and maximise recycled, reused, remanufactured and low carbon materials to help decarbonise industry. Other circularity initiatives include:
the Circular Economy Centre for Technology Metals (Met4Tech), part of UK Research and Innovation’s (UKRI) National Interdisciplinary Circular Economy Research (NICER) Programme, a £30 million programme to support research and development in the circular economy
the ÂŁ15 million UKRI Circular Critical Materials Supply Chains (CLIMATES) programme, which supports innovation in rare earth elements
Government is also exploring regulatory mechanisms to promote recovery of critical minerals from waste. The Department for Environment Food and Rural Affairs (Defra) is consulting on reforms to the waste electrical and electronic equipment (WEEE) regulations. The consultation proposes reforms relating to collection infrastructure for household WEEE financed by producers of electrical and electronic equipment, as well as reforms to “take-back” obligations that apply to distributors. Additional reforms under consultation could help ensure producers of vapes properly finance recycling costs when they become waste. Later in 2024, Defra, in collaboration with the devolved administrations, is also expected to consult on regulations for end-of-life batteries. '
'Recommendation 3 – build on the UK’s competitive advantages and develop its midstream economy
We fully agree that the UK has unique strengths in critical minerals. Whilst we will always rely on international supply chains, we must maximise what the UK can produce domestically, where viable for businesses and where it works for communities and our natural environment. The UK is a strategic location for midstream processing, including refining and materials manufacturing, building on its globally competitive capabilities in this field. The UK also has significant innovation in recovering critical minerals from waste, such as research by the Faraday Institution into recovery of lithium from batteries and world-leading work on rare earth magnet recycling at the University of Birmingham.
To accelerate the growth of these domestic capabilities, government has deployed a variety of financial support mechanisms including:
the Automotive Transformation Fund (ATF), which can support critical mineral projects in automotive supply chains
the UK Infrastructure Bank (UKIB), which recently invested ÂŁ24 million to support Cornish Lithium
UK Export Finance (UKEF)
But to attract private investment into the critical minerals value chain in the UK, it is important to create a supportive business environment too. For example, government has taken decisive steps to reduce the price of energy to ensure they are competitive with other major economies across Europe, including through the forthcoming British Industry Supercharger. The recent Levelling-Up and Regeneration Act has reiterated the government’s commitment to improving the planning process and proposed reforms. These will deliver a more consistent, streamlined, and digitally enabled approach to the way planning applications are made, promoting faster and better decision making.
Building on this work, DBT will further develop its response to critical mineral supply chain risks by developing a vision for the role the UK can play. It will also consider new supportive policy proposals to build on the UK’s existing competitive advantages, particularly in the midstream economy.'
https://www.gov.uk/government/publications/critical-minerals-task-and-finish-group-government-response/uk-government-response-to-the-task-and-finish-groups-recommendations-on-industry-resilience-for-critical-minerals
Turned down Donald trump but not Julian Treger
Certainly an interesting addition, specific for rare earths and critical minerals
As said before, HyProMag certain has some value behind it. We do need to find a way to get the market to realise this however...
The Uranium would be amazing to get going but one thing at a time I guess - it may follow on quickly though once the initial MDA is signed off - you certainly won't have a problem raising money to develop that in the current climate.
BTW chaps - while I know it's dark right now, don't underestimate that news about the Vice Admiral joining Cotec's board - that guy gets to pick and choose in the US without doubt so the fact he's picked Cotec really is something ...
As we've already said - diddly but at 6p/ÂŁ15m mcap it's neither here nor there.
They're willing to let someone develop a Rare Earths mine on their land mate - most countries won't do it because it's so toxic - they're in a strong position but then so are we cos there ain't many fully costed Rare Earth projects around - it's a win/win.
Agree that the mine/MDA is irrelevant with respect to putting a floor on the mcap - the sum of parts re all the recycling stuff easily supports a cÂŁ15m mcap floor.
An MDA, however, makes Songwe sellable and given its strategic nature, the current price of Neodymium may not be as critical as you may think, if people need the commods then they need the commods, period.
Worth noting pre mcap is 73 million today compared to 12 here. Also compare the charts.
Again, as it doesn't seem clear. My view is the MDA is not as important TODAY for MKA. It will come no doubt, but do you want to try and finance a mine while we are at economic appetite lows around the world. Leave it a year or do imho and financiers will knock down the door.
In the meantime full speed ahead on recyclingband Poland processing DFS. The will be western based REE producers over the coming years but processing and recycling capacity isn't there, enter Mkango.
Personally if cotec don't see this sp low to be a takeover opportunity then I am bewildered. 12 million mcap wow.
I think the MW Nation article was only saying Malawi was seeking to increase the existing 15% whirlwind tax a bit in the Lotus (and by extension MKA) MDA. The 30% (35-5) rate is known about and not an issue.
Not a great comparable, but having just been reading about it...North Sea O&G energy companies pay 35% windfall tax, have an overall tax burden of 75%, and are still profitable.
I suspect the MDAs will be issued shortly.
"Pre and all others then have a problem then, China will control pricing indefinitely making it uneconomical to mine, as is the case today."
Like when they banned Japan from buying their Rare Earths and it sent the price vertical?
The reason I posted the news of China's big commitment to defence spending last night is precisely because there's a fairly good chance that they withhold Rare Earths from the West should any conflict kick off and that could happen at any point re Taiwan/the US or simply as another economic tit for tat.
Moreover, remember the critical Rare Earths usage in the military and the diversification of supply that the EU have mandated in their Critical Raw Materials Act - no one country can supply the required commodities and China currently supply 80%+ of Rare Earths to the World.
It's 98% of the reason I'm here, not withstanding the currently crushed price of Neodymium but then we're at 6p instead of 60p ...
"The CRMA sets targets for the 17 strategic raw materials - the bloc should be mining at least 10% of its annual requirements by 2030, as well as recycling 25% and processing 40% of its needs. No more than 65% of EU annual needs should come from a single third country"