The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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'The School of Engineering and Digital Arts (EDA) has led a study highlighting the urgent need for the UK’s Government and renewable energy industries to give vital attention to decommissioning offshore wind turbines approaching their end of live expectancy by 2025. The research reveals that the UK must decommission approximately 300 and 1600 early-model offshore wind turbines by 2025 and 2030, respectively.'
'Zero Waste Scotland (ZWS) is working to improve the circularity of the energy sector and provide support and advice to businesses looking to develop more circular business models, including the renewable industry. Their 2021 report 'The Future of Onshore Wind Decommissioning in Scotland' estimates that as many as 5,600 turbines could be decommissioned between now and 2050 and presented numerous recommendations to both the industry and Government which would support a thriving circular economy in Scotland. Initial calculations have also identified an approximate potential emission saving of 35% from the manufacturing of wind turbines using recycled content compared to virgin materials.'
'Charlotte Stamper – Energy Infrastructure Lead at EMR, said: “Joining Scottish Renewables is a huge statement of intent for EMR as it looks to partner with businesses large and small across Scotland to create a circular economy for decommissioned wind turbines – both onshore and, as they come to their end of life in the future, offshore.
“And this work has already begun. Our teams are actively trialling different approaches to recycling wind turbine blades and investing in state-of-the-art technologies to recover high-value rare earth metals used to construct modern wind turbines and solar panels.'
'HyProMag to participate in grant funded project with European Metal Recycling Limited (EMR), the Offshore Renewable Energy (ORE) Catapult, Magnomatics and University of Birmingham
Re-RE Wind aims to establish the UK’s first circular supply chain for rare earth magnets used in wind turbines:
sustainable and safe decommissioning of wind turbine nacelles;
applications in a new custom-designed generator;
design for recycling; and
life cycle and technoeconomic assessment.'
Also worth noting SusMagpro already has a relationship with Siemens
'SUSMAGPRO magnets are also tested to Siemens Gamesa specifications for wind turbines.'
'ScottishPower awards £1.3bn wind turbine contract to Siemens Gamesa
Siemens Gamesa will supply 95 14.7MW wind turbines for the offshore wind power generation facility.'
dots...connections :)
I'm wondering how Malawi can afford not to have a successful foreign investment led Mining industry
They need it! And will do all they can to have it
Wondering how the Malawi inflation rate of nearly 30% will impact the commerciality of the project. Hopefuĺly matched by the price of REE
Certainly, news wise that's the main one...
Others are the Commercial plant is declared to be running with buying customers and bringing in the first quids of profit
US Gov DoD or other funding covering the costs of US plants...
Any other big deals or funding ... This is a global tech need so there is lots of potential there...
Got a feeling the only thing that will move the share is the MDA for Songwe
It often seems like nothing excting is happening here... but watch this!:)
Its like winning on the slot machines
https://www.youtube.com/watch?v=D4npAzB6o3U
'53 views 21 Sept 2023 #H2020 #magnets #RareEarths
This ejection sorter developed by partners INSERMA ANOIA and RISE - Research Institutes of Sweden for the #H2020 SUSMAGPRO recycling pilot sorts neodymium and ferrite speaker magnets at the end of their useful life for further processing. With an initial capacity of over 6000 loudspeakers, which would correspond to around 15 kg of NdFeB magnets per hour (assuming a 5 g NdFeB magnet in each loudspeaker and a 50/50 mix of NdFeB/ferrite speakers), this sorter is pretty fast!
Permanent #magnets made of #RareEarths are very strong magnets used in high technology but also everyday products, such as smartphones or washing machines. Rare earths are linked to a number of challenges which make them critical raw materials.
The EU funded project SUSMAGPRO aims to develop a recycling supply chain for rare earth magnets in Europe and to demonstrate the effective reuse of recycled rare earth material within several industries. More information: https://www.susmagpro.eu/
'
Truly stunning read this
https://ig.ft.com/rare-earths/
I have sent to management, if we can position our presentation to something like the link above, I can't see anyone not being highly interested in investing
We are right on the money! 2024 should be glorious
I agree, although am not going to buy more unless we get MDA over the line, or see some hefty inside buying while we wait. Ideally some of the other directors this time. GLA.
GBE's MDA gives Malawi a 5% royalty plus .45% to the local community. In addition Malawi gets a free 10% equity interest in the project plus an option to buy a further 10%.
Bit ropey down here.... but we aren't going anywhere, and neither is Songwe. I'll be digging deep if we hit the 8s.
Finton I think you are spot on
10% seems to be the going rate now, which is a lot more than I expected earlier in the year (5%)
I also feel the govt is torn, half want it over the line and generating revenue, and the other are playing hard ball due to signing terrible deals in the past and an issue with corruption, IMHO they need to get over the past and realise that just because you signed poor deals, you cannot make up for this now, ever deal is still a negotiation and a partnership, you cannot take 'extra' from new projects and businesses because you got burnt by old projects and parties. We will find a middle ground, but I am happy we haven't offloaded the asset for buttons as I suspect many other BoD's would have buckled by now. So credit to the team if this is the case and we are standing firm.
Added a few more to round out the holding - and at his price, why not? The potential here is too great
Agree on both webinar and director buys
WD picked up £100K at 13p so he is OK but the rest need to add some volume
If you can't get directors to buy when the valuation, according to myself and everyone at the company (including those at Cotec) is absurdly cheap, then they will never buy. We also release results every 3 months due to TSX rules so the window should be open at the end of this month for director dealings
Webinar needed for what to expect in Q4
Lindian already have rights to mine I believe as they bought a Malawian mining operation. Hence the easy focus by the minister.
Perhaps that's what mka need to do.
I seem to recall a rumour/indication that the sticking point is the Malawian government wanting a 10% royalty rate on the mine in the deal as opposed to, I think, Mkango's 3% offer. That would fit with talk of the 'last few points' of the MDA negotiations and almost being completed etc
It's borderline deception for Alex Lemon to continue to push the "MDA right around the corner" if he's conscious it may take a lot longer. My view is that it actually WAS imminent (based on the articles appearing early in the year) and then for some reason the mining laws in malawi went through a change and the path to the MDA is less clear now. (Maybe they are delaying while they form a state mining company to take a larger stake in the projects).
The lady minister for mining seems to be courting Lindian Resources quite a bit now though and seems to have forgotten the projects already far progressed in Malawi.
Clearly that's just me hypothesising though.
Another webinar update is due in my opinion. If no news is forthcoming imminently I would like to director purchaes in the open market.
I continue to buy, so should they
Its sat there for over a year now, post DFS
Really is borderline criminal to have such a valuable and strategic asset, just sat there
As much as I would be tempted to just sell the asset and move on, thankfully we are now far from a one trick pony
So I am happy to stay the course (with Songwe) and let it play out, whether that takes another year or even more - the asset is strategically important to the UK, US and EU, you would think regardless of how long Malawi takes, the asset should carry a value north of our current cap 'at some point' in the future
It now appears the costs of controlling the asset are quite low, so I think we are good to keep it on the books for at least another 12 months
I suspect the market is overly focused on the Songwe MDA where the perception is we're still some months away. Similarly the refining and recycling side remains under-appreciated despite strong progress imo.
8p could well be recycled the question then is would it become a buyer magnet 🧲...id take some more
We*
Will be see 8 again?
I think that webinar was a missed opportunity the 6ix guy clearly was clueless about HyproMag and had done zero research he thought they used magnets to extract rare earths pft.....
Julian is good at answering questions but he is not good at giving unless you ask the questions! Seems only GLR asked a worthy question ...I would have liked to have known potential international rollout plans... Julian is off to Rhiad next month for example ...
Positives for Mkango are Cotec is well into and on this and is getting the message out and getting the investment interest too Mkango won't be owing Cotec anything until there is already significant value in the joint venture and the chances of grant funding are strong with US Gov and US DoD wanting and needing and funding such projects/plants and the magnet producers stateside are also already interested.....
Pretty much comes down to nailing the feedstock supply that is where Mkangos relationship with the likes of EMR is massive....
And yeah the Tyelsely commercial plant does look to be waiting on some more equipment before it is up and running but the Piolt plant has proven up the commercial viability which is of course why EMR has chosen HyproMag to recycle the wind turbine magnets that they will already be getting from Scotland, EMR has been working with HyPtpMag since at least 2020 so obviously have great confidence in the tech.
At least 5 supers! 'super green' is my fave :)
Here it is!
https://www.youtube.com/watch?v=335635FjLmY&list=PLtaY2C7EDECt8DOL2W_IelRenAhQhkKcl&index=18