Member Info for biffa

As we know Noble, the ultimate owner of Talaxis, turned into a basket case and almost went bankrupt.

What ever plans it had for it's MKA investment went south as did the rest of the company.

VITOL is one of the largest commodity companies in the world. The only sector it's not a major player in is Rare Earths!

Look at the dates of the transactions below and perhaps Vitol had it's eye on MKA all along?

29th July 24. MKA finally signs MDA for Songwe.

2nd Aug 24. Vitol agrees £160M purchase of Noble. Was the deal dependant on the MDA being signed?

7th Jan 25. VITOL completes purchase of Noble.

8th Jan 25. MKA signs MOU with Crown for the eventual SPAC/ NAS listing. Vitol now own 21.24% of MKA and would have had to be on board for this.

Since then the sector has become red hot.

Question is, has Vitol been capping the price ready for a cheap bid post SPAC signing?

DeepTech Recycling

5h

We are very proud to announce that we have been nominated for The Earthshot Prize through The Chartered Institute of Patent Attorneys. This is a global environmental prize and platform to discover, accelerate and scale extraordinary solutions to repair the planet and we’re honoured to be in such esteemed company, as we push for a truly circular economy that puts sustainability, innovation and impact at its core.

#EarthshotPrize #Sustainability #CircularEconomy #ClimateAction #GreenTech #PlasticWaste

Our stake £0.8M back up to £1.4M. Nice to see it going the right way again!

Q-Bot Limited Fundraising

EMV Capital plc (AIM: EMVC), the deeptech and life sciences VC investment group, announces that its portfolio company Q-Bot Limited (Q-Bot), the commercial stage robotics company developing solutions for the built environment, has successfully closed an initial tranche of c.£350,000 of its equity fundraising programme of up to £1 million, alongside the conversion of c.£865,000 of outstanding convertible loans and associated interest (Fundraising).

The Fundraising has been led and syndicated by EMV Capital Partners Limited (EMV Capital Partners), the Company's wholly owned venture capital and corporate finance firm. The first closing of the Fundraising primarily represents investment from Q-Bot's existing loyal shareholder base, with further funding anticipated from new and existing investors as the Fundraising continues with further closings. The proceeds from the Fundraising will provide Q-Bot with the capital to continue the execution of its growth strategy following its recent transition to a lean technology business.

In connection with the Fundraising, EMVC exercised its right to convert a convertible loan (and accrued interest thereon), announced on 31 December 2024, at a conversion price per Q-Bot share at a 70 per cent. discount to the Fundraising issue price, thereby protecting EMVC's existing shareholding stake in Q-Bot.

Following completion of the Fundraising and anticipated full conversion of the convertible loan, the Group's total equity holding in Q-Bot will be 30.2 per cent of the issued share capital, which equates to a post-investment fair value of £1.4 million. This represents a c.71 per cent. increase compared to the fair value amount of £0.8 million at 31 December 2024.

In addition, following the introduction of additional investors to Q-Bot by EMV Capital Partners, the Group's third party assets under management with Q-Bot is 45.3 per cent. of the issued share capital, which equates to a post-investment fair value of c.£2.1 million. This represents a c.16 per cent. increase compared to the fair value amount of £1.8 million at 31 December 2024.

10 years to get to this stage so what's another 4 days?

That said, another 102K and 200k dump to keep us pegged at 16p.

You would think there would be a little more frizz in the SP to keep us awake.

A quick note on todays trades.

The trades at 15.69/70 are all buys today which is about 75% of trades.

Real spread has just moved up to 15.53/15.89 so a positive day so far!

Crown are getting an absolute bargain imho so I would be surprised if they are not moving at warp speed to get this done.

Looking at the sector they will get between 10-20% of the final equity with Cohan up to 10%.

Why they get so much for so little input is beyond me. A listing vehicle and a small amount of cash.

MKA has done all the hard work over the last 10 years. Lets hope they can drive a hard bargain and keep 75% for us.

Which ever way you look at our current SP it remains massively undervalued, whichever way you slice up the assets.

Still hoping for a holding declaration and a left field bid.

To be fair the very small sells are at 15.85, buys 16.15.

Just as likely to be on the receiving end of a bid if they can't get this share price moving.

A Songwe and HyProMag listing on the NAS is worth northwards of $1B and probably much more if you compare to current listings.

A 30p offer, 100% premium so £100M, still leaves a billion $ profit for the PE boys!

Not a bad return for 6 months work.

cotec must be chomping at the bit to give the usa approval and get themselves listed on the nas.

usar announce a mou to supply untested magnets from a factory that doesn't exist sometime in 2026 and the mcap goes up another $100m ffs.

back on ****ty old aim we add fifty quid to our mcap!

HyProMag has ramped up the HPMS trials as part of the accelerated pilot programme in advance of the full-scale plant being completed at Tyseley Energy Park in Birmingham UK in June 2025. Sounds pretty clear to me.

Perhaps they should have just said we are now supplying magnets to GKN as their supply chain from China is fooked!

Not sure why they had to bulk together so much information in one go. Absolute information overload. All 100% positive as far as I can see.

just so we are all on the same page, is this in theory what has been happening over the last 3 weeks.

aug 24. they raised £1.25m by issuing 25m shares at 5p. 25m warrants issued alongside at a 7p future buy price.

we now have those holders selling their 5p shares at 16.5p and effectively buying back at 7p (via the warrant)

lets call it 10m sold, company gets £700k, those investors still hold the same amount but can bank the difference or buy more with the spare cash?

rns at some point to say above or whatever has taken place.

myles, i think you said you were involved in that raise. any thoughts or time for the pub?

or a load of ****e and someone else is selling!

I really hope William and the rest of the MKA team have got a PR plan for Birmingham this month!

!0 years of research. First commercial magnet production in the UK in 25 years. Valuation vs USA peers. etc etc.

Let's think bigger than some warm prosecco and the Birmingham Gazette!

Anyone had any contact about it?

MMs tried their luck by dropping the bid below 16p today and got absolutely nowhere. In fact it just resulted in a buying frenzy and ended blue.

Perhaps they had read the 3 amigos posts and thought China and Trump were friends again, REM was a classic 90s band and magnets were going out of fashion.

Meanwhile back in the real world $USAR adds $200M and $MP $500M to their MCap.

Cotec's excellent news article last night now makes more sense.

HyProMag USA is going ahead. Simple as that.

When they spin out HyProMag USA on the Nas next year I would think $250M would be a minimum starting value.

They did answer my question within 5 minutes effectively saying yes!

This was Paid for and copy checked by Cotec. 'The company is building a rare earth.... 'woke me up.

I have messaged back to ask for comment and where is the official news.

HyProMag USA completed an independent feasibility study and ISO study of its carbon impact last year. The feasibility study, released in November 2024, is targeting a total annual production capacity of 1,041 tons of recycled NdFeB magnets over a 40 year operating life, post-tax net present value of US$262 million at current market prices, increasing to US$503 million at independent forecast prices. HyProMag USA is eyeing 10 percent of USA’s domestic demand for NdFeB magnets within five years of commissioning, with three plants targeting ~3,000 tons of recycled NdFeB magnets, which is three times what was contemplated in the November 2024 feasibility study.

CoTec owns 60.3 percent of HyProMag USA, including a 50 percent direct stake and an indirect interest through its 20.6 percent ownership in Maginito, HyProMag’s other JV partner. The company is building a rare earth magnet recycling facility in the Texas Dallas-Fort Worth area, positioning it to serve US manufacturing and defense industries.

HyProMag's hydrogen recycling tech can help reduce North America's 90%+ reliance on imported rare earths. From old hard drives to new magnets - right here in the U.S.

See how we're doing it: https://bit.ly/4e7PGRm

Nice.

James Kight has added another 300K to take him over 5%.

Good to see a 2nd day of heavy buying.

Positive outlook and value finally getting out there?

In the management statement from last month (see below)it sounds as though Songwe will now be a stand alone investment in the USA with no further input from Mkango? Someone has to build the mine and employ the 2000 people and it's certainly not Crown Investments. Perhaps the plan is for the listed vehicle to be ready made for a merger or buy out from a big player. Either way the market still valuing our stake at almost zero. All very strange.

Cohen must have a some big boys lined up as seed investors?

To provide strategic focus and unlock value for shareholders, Mkango has entered into a non-binding LOI with CPTK for a proposed business combination that would result in the spin-out of Lancaster BVI, including the Songwe Hill Project and the Pulawy Project, via a merger with a NASDAQ-listed SPAC. The next step is to negotiate and execute a business combination agreement. Following completion of the transaction, Mkango will retain a majority interest in the newly listed mining-focused entity.

This strategy will allow Mkango to sharpen its focus on building a world-class rare earth recycling and magnet manufacturing business through Maginito, while positioning Lancaster BVI for independent development and growth with dedicated access to U.S. capital markets.