Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I forgot to add that Mkango/HyproMag is of course a part of that funded SCREAM project...
I'd suggest EMR has found the REE recycling tech it is looking for seeing as it has already been working with HyproMag prior to the wind turbine news...
And EMR has global reach... nice
The market loves to see the money and IMHO is missing a trick with this one!
From 2022
EMR is investing £383,000 in the three-year project to create a proof of concept. This will be match-funded by the UK government via UK Research and Innovation (UKRI).
In addition to enabling EMR to analyse liberation and processing time, and to identify the most efficient sources of NdFeB magnets among recycled materials, SCREAM will also help understand the future market potential of recycled NdFeB magnets, with a view to creating a fully commercial circular supply chain in the future..'
To 2023
“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.
“As a business with operations across the UK, Europe and the USA, what we learn about reusing, refurbishing and recycling end-of-life wind turbines here in Scotland will directly impact the creation of circular economies for this important technology at a global scale.'
'EMR’s Energy Infrastructure Lead, Dr Charlotte Stamper said:
“Our collaborative effort represents a significant step forward in securing the sustainability of wind energy. By establishing a circular supply chain for rare earth magnets, we not only reduce the environmental impact of wind turbine production, but we also lay the foundation for a greener, more self-sustaining future.”
'Global leader in sustainable materials, EMR has become the latest business to become a member of trade body Scottish Renewables, joining companies across Scotland in creating one of the most innovative decarbonised energy systems in the world.
EMR – a supplier of sustainable materials in the UK, Europe, and USA – works with industries such as steelmaking and automotive to create new, low carbon circular supply chains.
Building on its decades of experience in sectors including automotive, demolition and shipbreaking, EMR is developing an end-to-end decommissioning package for end-of-life wind turbines. This innovative solution will allow operators to achieve maximum possible value recovery, including the re-use, refurbishment and recycling of the components used to construct this technology.
EMR has more than 60 sites located across the UK, including its brand-new deep-sea dock facility at Glasgow’s King George V Dock, bringing some of the world’s largest ships back to the river Clyde to transport sustainable materials to key global markets. EMR also has a large presence at other key UK port facilities include Port of Tyne, Great Yarmouth and Liverpool, and equivalent activities across key ports in Northern Europe.
Scotland already has a vibrant ecosystem of emerging businesses finding new uses for material contained within decommissioned wind turbines. This includes component refurbishment and turning difficult-to-recycle wind turbine blades into furniture and cycle shelters. This is supported by world-leading policy, with circular economy set to be one of the cornerstones of the forthcoming Scottish Onshore Wind Sector Deal. By joining Scottish Renewables, EMR is highlighting its commitment to the future green economy in Scotland and utilising its culture of innovation and investment to create a new circular economy for decommissioned wind turbines in the years ahead.
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.
“As a business with operations across the UK, Europe and the USA, what we learn about reusing, refurbishing and recycling end-of-life wind turbines here in Scotland will directly impact the creation of circular economies for this important technology at a global scale.
Thats a great link and well worth listening to from 11.30.
Anyone know if we have 'a non binding term sheet in place' to progress to the final signing?
It is quite clear that there is little investor interest in Mkango on it's own by looking at the YouTube video views.
Lotus have got 5k views in 4 days.
MKA have got 220 views in 2 months and 270 view in 1 year. Quite pathetic engagement and probably why we are at 10p.
It is only when we are combined with Cotec that the updates reach 9K+
Not sure what the answer is but they need to do something!!
Mkango are pretty rubbish at communicating the details of their MDA progress Lotus on the other hand are quite sharing on it and it sounds like All the companies lined up for Malawian MDAs are now working together with the Gov there... well worth viewing this from 11.47
https://www.youtube.com/watch?v=5Eai9dyCV3s&t=1735s
Lotus expect their MDA before years end and for it to be a blueprint for others
Hold on - the 10.5p dam just broke!
MDA will tank the share price at this rate 😂
What does the market need to tick this up ? Loads of positive news and sentiment here. Maybe the MDA
Bonker99
Thank you for detailing your thoughts!
Thanks Bonker 👍
For the big buyers/lodge members they work for of course - that's the game.
It's either de rigeur price suppression because they know it's going to be big or there's a cut-price placing with forward-sold shares being printed from nowhere as is the norm on AIM/the LSE.
Given that (IIRC) we have a year's worth of runway cash to keep the lights on, the CEO (allegedly) dropped £100k on new shares at c13p plus the latest deal with Cotec is purposely non-dilutive to shareholders it would seem likely that it's the former rather than the latter that's in play.
There's not enough volume here to break the game so far but it could turn up at any moment, you just cannot project anything from the way a share "trades" as it's constant smoke and mirrors with the express intent to mislead the PI ...
As surprising as it is that this hasnt moved with two pieces of great news, I think we all know what is really holding it back. Once it drops, chocks away.
Can anyone help me understand why market makers would deliberately hold a stock price down?
Could it be just overall market sentiment, 'risk-off' mentality and less money chasing the same amount of AIM companies? Rather than MM manipulation?
Does rather feel as though something is afoot to keep the price down... but why?
'Still intrigued by this Reuters article years ago. Now shiny new US Embassy being built there.'
Yes, and Mkango has linked the US Malawi embassy into their tweet of today's news ....
Speaking or Reuters this just popped up - that is a lot of REE needed suddenly
LONDON, Sept 14 (Reuters) - Spurred by falling battery prices, electric vehicles could hit price parity with fossil-fuel models in Europe in 2024 and the U.S. market in 2026, and account for two thirds of global car sales by 2030, according to new research.
Still intrigued by this Reuters article years ago. Now shiny new US Embassy being built there.
"CHICAGO/LONDON (Reuters) - The U.S. Department of Defense has held talks with Malawi’s Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find diversified reserves outside of China, a department official said on Wednesday."
It's all very strange and obviously being held back - so far - still buyers about though.
Certainly, the big seller/s were all out 2 months ago.... funny goings on 'they' don't like it going below 10p as they know it gets snapped up but they don't want it over 11p
Apart from the few who panic when they see this dropping back and a few traders, I don’t think anyone is selling! More a case of giving that impression to keep a lid on the SP, that could be for a number of reasons such as shorting the stock, shares on loan, etc….. Some one bigger than us PI’s who needs to control the stock but won’t need or be able to for much longer!
The draft legislation was adopted with 515 votes to 34, with 28 abstentions.
'Lead MEP Nicola Beer (Renew, DE) said: “The course towards European sovereignty and competitiveness has been set. With an overwhelming majority across political groups in today's vote, the European Parliament has made its position on European security of supply very clear, and takes a strong mandate into negotiations with the Council and the Commission. Our focus is on reducing bureaucracy, fast and simple approval processes, a research and innovation boost along the entire value chain, and targeted economic incentives for private investors with a view to European production and recycling. The European Parliament is focused on building strategic, equal partnerships with third countries.
Parliament will push to conclude the trilogue negotiations by Christmas 2023. We are counting on the urgency and relevance of the secure and sustainable supply of raw materials being as much a concern for member states as it is for us, the people's representatives."
Game on! .... Worth getting the SP down to 9p this! :)
And as ever any sort of rise is sold into in nice round clumps until we are back where we started!
Does anyone have an idea :
1) Who is selling each time?
2) Where they are getting their shares from?
3) Why they would want to stifle the SP?
It's like groundhog day here!
GL.
Meanwhile in the EU... including rare earths and why I think MKA is going to be a serious contender after the Hypromag acquistion:
https://www.reuters.com/sustainability/eu-lawmakers-see-recycling-key-search-critical-minerals-2023-09-06/
BRUSSELS, Sept 6 (Reuters) - European Union lawmakers will push for far greater recycling of waste in a new EU law to ensure the bloc has raw materials such as lithium, nickel and cobalt required for its green transition.
The industry committee of the European Parliament will vote on its position on Thursday on the Critical Raw Materials Act, a centrepiece of EU strategy to allow it to compete with the United States and China in making clean tech products.
The strategy would seek to reduce reliance on China, which dominates global processing of key minerals.
The committee has reached a broad consensus on a text that stresses the potential of processing waste and reducing demand for critical materials, such as by using alternatives and increasing efficiency.
The parliament text proposes the EU should raise recycling capacity by 10% for each of 16 "strategic raw materials" by 2030 and collect, sort and process 45% of each material contained in EU waste, subject to technical and economic feasibility.
The European Commission proposed in March that EU extraction of strategic raw materials, including copper and rare earths, should rise to 10% of EU annual consumption by 2030, recycling to 15% and processing to 40%.
The parliament text stresses that its recycling target would apply to each material.
The final law will follow negotiations between the parliament and EU countries, who agreed in June to raise the recycling and processing targets to 20% and 50% respectively and add aluminium to the list of essential minerals.
Negotiations should conclude by the end of the year.
In other news:
"Rolls-Royce's small modular reactor (SMR) programme - the numbers:
▪️ Three new factories
▪️ 40,000 British jobs
▪️ £52bn economic benefit
▪️ 80% of components built in UK
▪️ £250bn export potential
As part of its commitment to maximise UK involvement in its ground-breaking project, Rolls-Royce SMR has launched a supply chain portal to identify the best British companies to partner with in delivering a fleet of ‘factory-built’ SMR power plants.
The portal - http://bit.ly/Rolls-Royce_SMR - will help companies become part of the Rolls-Royce SMR supply chain for this nationally important project that will significantly improve energy security. #UKmfg"
https://x.com/Jefferson_MFG/status/1702218399420469548?s=20
SMR nuke plants:
"But now, finally, the joke may no longer be true: Advances in magnet technology have enabled researchers at MIT to propose a new design for a practical compact tokamak fusion reactor — and it’s one that might be realized in as little as a decade, they say. The era of practical fusion power, which could offer a nearly inexhaustible energy resource, may be coming near.
Using these new commercially available superconductors, ***rare-earth*** barium copper oxide (REBCO) superconducting tapes, to produce high-magnetic field coils “just ripples through the whole design,” says Dennis Whyte, a professor of Nuclear Science and Engineering and director of MIT’s Plasma Science and Fusion Center. “It changes the whole thing.”"
https://news.mit.edu/2015/small-modular-efficient-fusion-plant-0810
Grants or loans from US govt do we think? Grants might fit with IRA principles?
IIRC - fast tracking/priority loans etc are part of the Critical Minerals act the EU are voting on right now ...