The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Nice! Surely enough to get us back to mid teens with MDA imminent.
Now this surely deserves a big rerate of the SP?
Will Maginito do an IPO?
Cotec covering all initial costs!
Looking at US grants!
Or will manipulation to stifle the SP win again?
GL.
RNS:
MKANGO SUBSIDIARY, MAGINITO, AND COTEC FORM US JOINT VENTURE
From yesterday julians comments encouraging:-
VANCOUVER, BC / ACCESSWIRE / September 13, 2023 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that HyProMag Limited ("HyProMag"), an investee company of CoTec, is collaborating with Europe Metal Recycling Limited ("EMR"), the Offshore Renewable Energy (ORE) Catapult, Magnomatics and University of Birmingham in a £1.5 million project, Re-RE Wind (the "Project").
£1.0 million or 67% of the Project will be funded by Innovate UK's circular critical materials supply chains (CLIMATES) programme. The budget for HyProMag's portion of the Project is circa £350,000 of which 70% will be funded by the grant.
Julian Treger, CoTec CEO commented; "We are very pleased with this latest development at HyProMag that again confirms its position as a key player amongst industry leaders in the rare earth renewable space. This project further supports HyProMag as it scales up HPMS (Hydrogen Processing of Magnet Scrap) and rolls-out the technology internationally. We are looking forward to assist HyProMag in its European endeavors and its roll out in the US."
And if that weren't enough, now a possible trade war with China over EVs :))
like all the stars aligning
https://www.politico.eu/article/eu-ursula-von-der-leyen-china-electric-cars-probe-trade-war/
And of course tomorrow the CRMA is likely to be voted closer to becoming law:
'Critical raw materials: plans to secure EU's own supply and autonomy
MEPs will vote on Thursday on plans to boost the supply of strategic raw materials, crucial to secure the EU’s transition towards a sustainable, digital and autonomous future.
The EU is heavily reliant on imports of critical materials essential for renewable energy, digital industries, defence, space, and health. As a result, the new law aims to identify strategic projects and their deployment, establishes strategic reserves, encourages the recycling of these materials, and boosts private investments.
It will introduce a system to streamline the procurement of strategic raw materials, as well as financial incentives, such as monetary rewards or deposit-refund schemes, to motivate people and companies to collect and recycle products and their associated waste.
Procedure Code: 2023/0079(COD)
Procedure: Ordinary legislative procedure, first reading
Debate: Wednesday 13 September
Vote: Thursday 14 September
https://www.europarl.europa.eu/news/en/agenda/briefing/2023-09-11/2/critical-raw-materials-plans-to-secure-eu-s-own-supply-and-autonomy
I predict the Market will react with one buy two sells and a big unknown :)
Https://www.reuters.com/business/energy/eus-von-der-leyen-pledges-more-support-wind-industry-2023-09-13/
'BRUSSELS, Sept 13 (Reuters) - The European Union will put forward a package of measures to support its wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday.
"We will fast-track permitting even more. We will improve the auction systems across the EU. We will focus on skills, access to finance and stable supply chains," von der Leyen said in a speech to the European Parliament.'
Yes, and HyproMag will recycle the magnets in them :)
German plant operational 2024
Https://www.ft.com/content/729cfcde-26fc-411a-b281-84436cc6e32c
The chart looks primed for another test of the 200 DMA soon, IMO, but time will tell.
Not looking to add at this point, but a fairly relaxed holder at the time of print, even though the MDA saga continues to drag on and on.
On Sept 3rd:
'Green minerals
Malawi's rich endowments of minerals needed to supply low-carbon technologies - such as graphite, rare-earth elements, niobium and titanium mineral concentrates - could anchor our country's development goals, while advancing global decarbonisation efforts.'
https://www.context.news/just-transition/opinion/malawis-economic-growth-will-be-powered-by-renewable-energy
The MDA is being 'negotiated' by both sides and both sides say it is very close ....
And that could have been written for the last 12 months and for the next 12 :)))
The best I can say is both sides want it but there must be some niggly issue to overcome again both sides seem to think they can do that....anyways no Wagner or PRC issues :)))
Agreed.
Here is the presentation from last month.
I think Alex Lemon talks about the MDA around the 16 min mark.
https://youtu.be/TH_VS38ftYA?feature=shared
Nice moves on this wind turbine project but has anyone asked Mkango when they expect this MDA for Songwe to land?!? MDA and finance or no circular recycling song and dance is going to propel us. Deeply frustrating waiting but here is where you make your money. If they can pull the MDA off and financing we are on a bullet train to £1.
Rigga not much wind out there today.... thats how it is with these turbines somedays Electric others nowt :)
Is that it?
Mkango part of UK wind turbine magnet recycling project
UK's first generation of turbines is close to retirement.
Mkango subsidiary HyProMag is to participate in a grant-funded project to recycle used rare earth magnets from wind turbines. Called Re-RE Wind, the project aims to establish a circular chain for decommissioning, new applications and design and lifecycle assessments of wind turbine magnets. In a statement, Mkango said that the first generation of wind turbines is close to the end of their useful life and a low-carbon decommissioning programme could unlock a new domestic source of rare earths for the UK.
Partners in the Re-RE Winds project include EMR, the Offshore Renewable Energy (ORE) Catapult, Magnomatics and the University of Birmingham with funding of £1.5 million of which £1m will be funded by government investment through Innovate UK. The budget for HyProMag's portion of the project is around £350,000 of which 70% will be funded by the grant, said the statement.
Nick Mann, operations general manager of HyProMag stated: "Re-RE Wind will address the hurdles for recycling of permanent magnets from wind turbines, effectively unlocking a new domestic source of rare earths.
"It further underpins the scale-up of HyProMag's operations in the UK, whilst complementing other Innovate UK supported projects focused on different scrap streams, such as electronic waste and electric vehicle motors, in which HyProMag is participating."
William Dawes, Mkango’s chief executive, added: "This project further cements Mkango's and HyProMag's early mover advantage in the rare earth magnet recycling sector.”
https://www.proactiveinvestors.co.uk/companies/news/1026228/mkango-part-of-uk-wind-turbine-magnet-recycling-project-1026228.html
Yeah all good fun...the only obvious down on project re-rewind is that it's not 100% fully funded but FFS the gain from it is potentially game changer especially for Tylesy pilot plant that was looking at 100 tonnes of recycled material per annum ....This is a resource of 23000 plus tonnes that as bonkers points out all needs recycling at some point and is only going to increase and notice Will use the word 'internationally' in the RNS...A global opportunity the initial proving up mostly funded by Innovate and new partnerships made
...... 🏆 Winner
Fast intervention on any sniff of a rise! Controlled but why?!
Interesting trades :)
For the TA guys/gals out there - the MA50 is @ 10.50p, the MA200 is just under 12p and falling slowly.
You know what happens next ...
We did give the heads up😏
Growing Dividend payer in next 5 years this if everything clicks in recycling is a fast track to profitability compared to mining only
RNS: ... Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that HyProMag Limited ("HyProMag") is collaborating with EMR, the Offshore Renewable Energy (ORE) Catapult, Magnomatics and University of Birmingham in a £1.5 million project, Re-RE Wind ("Re-RE Wind" or the "Project"), of which £1.0 million or 67% will be funded by Innovate UK's circular critical materials supply chains (CLIMATES) programme. The budget for HyProMag's portion of the Project is circa £350,000 of which 70% will be funded by the grant. The grant is subject to signature of a collaboration agreement between the parties.
William Dawes, Chief Executive of Mkango stated: "This Project further cements Mkango's and HyProMag's early mover advantage in the rare earth magnet recycling sector, highlighting its competitive position and strong network of leading industry and academic partners. We look forward to continuing to support HyProMag as it scales up HPMS (Hydrogen Processing of Magnet Scrap) and rolls-out the technology internationally."
https://www.londonstockexchange.com/news-article/MKA/hypromag-to-participate-in-innovative-project/16120841
NOMADs lol - giving it a couple of hours to try and get some sellers first - same ole, same ole but it all bodes well, the cupboard must be bare.
There she blows!!
The tour continues
https://criticalmineralsafrica.com/speakers/