Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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The cash shell ARA released its interim results a couple of weeks ago, and in their interim results statement, the company noted that the current energy crisis was boosting renewable energy growth:-
7th Sep 2022 7:00 am RNS Half-year Results
"... John Croft, the Chairman of Aura commented: ...
"Since listing, Aura has begun to explore a range of potential targets in the UK and overseas which could offer the opportunity for significant growth in this exciting and fast-moving market sector. We have also been in discussions with the Board's extensive professional and business networks to raise the Company's profile and highlight its intentions and objective to this large potential introducer base.
"The current worldwide economic and political uncertainty caused by supply chain issues, inflation, interest rate rises, hostilities in Europe and further afield, the lingering impact of Covid and climate change, have had a dampening impact on capital market activity and fund raisings during 2022.
"Despite these uncertainties, the growth in renewable capacity continues, with solar capacity leading the way. Installed renewable energy capacity around the world increased by 6% in 2021, despite post-Covid delays and rising raw material costs of 15%-25%. The International Energy Agency (IEA) expects 2022 to create further growth of 8% in installed capacity, not least as countries that have relied upon oil and gas from Russia are now accelerating the expansion in renewable energy capacity in response to the war in Ukraine.
"As a result of these market forces, we are more confident than ever that the renewable energy sector will offer excellent opportunities for acquisitive and organic growth for the foreseeable future, and we are committed to ensuring that the Company and its stakeholders have the chance to share in these opportunities." ..."
https://www.lse.co.uk/rns/ARA/half-year-results-sjcwoorehyzonr2.html
This bodes well for TMOR's stated area of focus.
From TMOR's website:-
"Our focus will be investing in a business or businesses which are developing and/or supporting the energy transition, which is the global energy sector’s shift from fossil-based systems of energy to renewable sources, such as wind and solar and lithium-ion batteries."
http://www.moreacquisitions.co.uk/
"'Demand has never been higher': How the energy crisis is proving an 'accelerant' for renewable energy
James Murray
02 August 2022 • 7 min read
Latest data from BloombergNEF reveals 11 per cent increase in global renewable energy financing, as investment reaches record levels - is a tipping point being reached?
The global economic outlook may be worryingly bleak, but there is still little evidence that inflation and dwindling investor confidence are impacting the booming renewables market as investment continued..."
https://www.businessgreen.com/news-analysis/4054207/demand-energy-crisis-proving-accelerant-renewable-energy