Member Info for biffa

12 August 2024

London, UK: Q-Bot, a leading provider of innovative underfloor insulation solutions with robots, is delighted to announce a strategic partnership with Furbnow, who are dedicated to decarbonising 1 million UK homes by 2030. This collaboration will see Q-Bot’s advanced underfloor insulation (UFI) technology integrated into Furbnow’s comprehensive Home Energy Plans, helping homeowners across the country enhance comfort and reduce energy consumption.

Q-Bot robot in floor void with Furbnow and Q-Bot logos

Furbnow, known for its comprehensive, end-to-end approach to home energy upgrades, offers homeowners a one-stop shop for retrofitting their properties. By combining forces with Q-Bot, Furbnow will further streamline its supply chain management, ensuring that homeowners receive the highest quality insulation solutions available.

Becky Lane, CEO at Furbnow, commented on the partnership, “We are excited to welcome Q-Bot into the Furbnow family. Their innovative underfloor insulation technology is a game-changer for homeowners looking to improve the energy efficiency of their homes. Together, we’re not just offering insulation – we’re providing peace of mind and long-term savings, all while contributing to our goal of decarbonising 1 million UK homes by 2030.”

Leigh Fairbrother, Head of Commercial at Q-Bot, added, “Partnering with Furbnow is a significant step in our mission to make UK homes warmer, healthier, and more energy efficient. We share a commitment to delivering energy efficiency measures with the highest level of quality assurance. By integrating our UFI technology into Furbnow’s Home Energy Plans, we can help more homeowners across the UK reduce their energy consumption and mitigate the risks of damp and mould.”

This partnership underscores the shared vision of both companies to lead the charge in the decarbonisation of UK homes, providing innovative, tailored solutions that enhance the quality of living for homeowners across the country.

I wish!

Let's hope the buyer has finally cleared our resident seller of the past year!

Why we are less than 10p is beyond me.

15 years in the making and worth less than zero.

I bet the brokers were pushing for a mini placing (fees fees fees) on the super spike post MDA, say 10p+

Only problem, Aim is so bent the insiders started forward selling before the spike happened!

The RNS lacked a lot of detail so time for the BOD to Investor Meet or sell the lot.

Considering they started this review over 3 months ago you would think they have a pretty good idea on a way forward.

The fact they were happy to sign probably means they have more idea about it's value than the £2M the market has given them!

The Company has completed a significant cost cutting exercise in recent months, whilst streamlining operations to focus on recycling, which has enabled a significant reduction in the ongoing capital requirements for the business

· Mkango has launched a review of strategic options for its advanced stage Songwe Hill Rare Earth Project in Malawi and Pulawy Rare Earth Separation Project in Poland

That's the question one should be asking.

I can count on one hand the number of new rare earth mines that are coming on stream any time soon.

We have a 100% water tight MDA for a major resource in a safe country worth northwards of $2B.

Take the £50M+ offer (plus 5% royalty over the 18 years) from the USA outfit and be done with it.

The go ahead on a $2B mine has added approx £5M to the market cap.

Crazy undervaluation and now an odds on bid target if they can't get the price up.

Interesting to see what's changed, but $2B+ is $2B+

The market has this valued at less than zero!

MKANGO ANNOUNCES RESULTS OF DEFINITIVE FEASIBILITY STUDY FOR THE SONGWE HILL RARE EARTHS PROJECT IN MALAWI - NPV OF US$559.0 MILLION AND IRR OF 31.5%

London, U.K. and Vancouver, CANADA - 5 July , 2022 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce the results of the definitive feasibility study ( "DFS") for the Songwe Hill Rare Earths Project ("Songwe" or the "Project") in Malawi.

Highlights

-- US$559.0 million post-tax net present value ("NPV"), using a 10% nominal discount rate, with an internal rate of return ("IRR") of 31.5%, payback period of 2.5 years from full production (5 years from start of capital expenditure) and post-tax life-of-operations nominal cash flow of $2.1 billion.

-- DFS is for 100% of Songwe on a stand-alone basis. Under the Mines and Minerals Act of Malawi, the Government of Malawi is entitled to a 10% free carried interest in Songwe.

-- Songwe is now confirmed as one of the very few rare earths projects globally to have reached the DFS stage, with a full Environmental, Social, Health Impact Assessment ("ESHIA") completed in compliance with IFC Performance Standards and The Global Industry Standard for Tailings Management (2020) ("GISTM") adopted for design and management of the tailings storage facility.

-- Long operating life of 18 years, with mining assumed to commence in February 2025, production ramping up from July 2025 and averaging 5,954 tonnes per year total rare earth oxides ("TREO") for the first five years of full production (September 2025 - August 2030), including 1,953 tonnes per year of neodymium and praseodymium oxides, and 56 tonnes per year of dysprosium and terbium oxides, in a mixed rare earth carbonate ("MREC") grading 55% TREO, generating nominal EBITDA of US$215 million per year.

-- Neodymium, praseodymium, dysprosium and terbium are critical for the green transition, used in permanent magnets for electric vehicles, wind turbines and many electronic devices.

-- Initial capital expenditure ("capex") of US$277 million (excluding a US$34 million contingency) for development of mine, mill, flotation and hydrometallurgy plants, tailings storage facility, and related project infrastructure in Malawi.

Nice surprise for a Saturday morning.

This should double on Monday and then some!

14 years and £25M to get to this stage.

A £3M incentive to get this into production as soon as possible.

In addition, up to a further GBP3m (C$5.1 m) may be payable to the Vendors in four tranches, either in cash or in Mkango common shares (at Mkango's option), conditional upon the achievement by HyProMag of certain production milestones in the period to 30 June 2026. The Consideration Shares are subject to a one-year lock up (which includes the four month plus one day statutory hold period applicable in Canada, which expires on December 3, 2023) and the shares which may be issued on milestones will have a six-month lock up (and a statutory hold period applicable in Canada, which will expire four months plus one day after issuance, if any).

Now all the heavy lifting is done on the design, stress testing, order process the next 2/3/4 builds should be much quicker.

MKA is on the cusp of a multiple million pound income stream starting next year and just slowly building as the new machines come on line.

£25M spent on the mine to come back to us at some point.

All for a Mcap of £10M and zero debt.

If all these projects and grant funding come together over the next 6 months we should really be at £50M to £100M a year from now.

The project will integrate engineering biology technologies into the recycling of TCMs, building upon multiple existing projects including the development of the DER-funded scale-up magnet recycling plant in Tyseley Energy Park, ReLiB, Sonocat, Met4Tech and Apollo. It will regularly bring new and existing industrial partners together to develop and inform the wider TCM community, bringing forward a real and measurable change to every stage of the associated supply chain to influence national and international policy and standards directly.

This is a groundbreaking project and a real opportunity to realise very real change at all stages of critical materials supply chains. Each partner's unique expertise will feed into the complex task of recovering TCMs from end-of-life materials whilst maximising both the rate and efficiency of recovery.

Professor Allan Walton

I stand to be corrected but NdFeB (neodymium) is currently $91kg or $91,000 a tonne.

Are we looking at $25M+ a year income once scale up has taken place?

The plant is being commissioned by the University of Birmingham with the support of HyProMag, the main industrial partner for the project and exclusive HPMS licencee

· Initial commercial production is expected at an approximate rate of 25 - 30 tonnes per year of recycled NdFeB based on 20% capacity utilisation for the first few months, with approximately two months of NdFeB scrap supply currently in inventory

· The main commercial product will initially be a recycled NdFeB alloy for magnet manufacturing or for chemical processing by third parties - this will be supplemented with production of recycled sintered NdFeB magnet blocks for product qualification purposes to support ongoing HyProMag customer discussions and further scale-up

· The product suite will have a minimal carbon footprint, reflecting the highly energy efficient combination of HPMS with short-loop magnet manufacturing, with typical product specifications to be issued by HyProMag in due course

· The production potential at Tyseley is significantly higher, with potential for a minimum of 100-330 tonnes per year of recycled NdFeB at full capacity, as well as opportunities to expand production of sintered blocks and finished magnets, and significantly larger scale-up scenarios currently being evaluated

Earlier today.

Have NSCI given up on the PR?

PRESS RELEASE: E.ON and Q-Bot team up to use robotics and AI to help insulate Britain’s homes

Leading energy and solutions provider E.ON and construction tech firm Q-Bot Ltd are joining forces to help insulate Britain’s homes – using the power of robotics and AI. The companies are working in partnership with the government under the Great British Insulation Scheme (GBIS) to offer an average of £1,3771 in funding for Q-Bot to install ground-breaking underfloor insulation in qualifying homes across the UK.

Alexis Keel, E.ON UK’s Head of Obligation Delivery , said: “Improved insulation makes for more comfortable homes and healthier residents, and we’re proud to work with Q-Bot to help make this a reality for even more people across the country. Q-Bot’s unique approach mirrors our own ambition to create a new energy world where affordability, innovation and sustainability go hand-in-hand as we work to meet the nation’s net zero goals.”

Leigh Fairbrother, Q-Bot’s Head of Commercial, said: “We are delighted to be working with E.ON to help improve the energy efficiency of homes across the country. We already install our floor insulation in more than 100 British homes every month and together with E.ON, we can help in the delivery of the Government’s insulation policy and fuel poverty agenda and improve the fabric of the country’s housing stock, especially in the social housing sector. Importantly, , our insulation can make homes healthier, by reducing the risk of damp and mould, as well as making a positive impact on comfort for people up and down the country.”

About the E.ON and Q-Bot scheme

The first phase of the E.ON Next and Q-Bot GBIS partnership will run in the North East and the South East of England, South Wales and London. If successful, the scheme could extend across England, Scotland and Wales over the next two years.

GBIS forms part of the broader energy efficiency programme which it delivers under the auspices of OFGEM’s Energy Company Obligation (ECO), a requirement for all large energy suppliers. E.ON and Q-Bot hope to insulate hundreds of homes as part of the scheme, as either a single energy efficiency measure or part of a comprehensive energy efficiency upgrade of a

Martyn's Law should get a decent mention on Wednesday during the Kings speech.

Very interesting video. Thank you.

At least something is happening over there and it's interesting to hear how difficult the process is.

Do we still have a BOD and/or management team!?

When NSCI released their results in early June the price for PDSB was $2.97 (3.5%) taken on the 30th May 24 for going concern/accounts purposes.

As of today they have another £1M on the balance sheet to play with.

So, we have a new government, and Labour's 'missions' have become the UK government's national missions.

There is a significant focus in the new government's plans on partnership between government and industry. For Harland & Wolff's part, we are committed to working with the government to achieve growth, deliver net zero, create new jobs, and enhance national defence capability. Like the rest of the maritime and marine engineering industries, we believe we have an important role to play across these missions.

We are pleased to see Jonathan Reynolds, Hilary Benn, and Ian Murray appointed to the Cabinet as Business & Trade Secretary, NI Secretary, and Scotland Secretary, respectively. We have welcomed them to Arnish, Belfast, and Methil recently and have valued the opportunity to discuss our future plans and introduce some of our 1,500 colleagues and 150 apprentices.

With four yards across Scotland, NI, and England, we look forward to working with the new government to deliver more high-quality, well-paid, sustainable jobs for all.

21Minutes ago.

Chief of staff and Corporate Affairs at H@W

Job done.

Whole company needs a kick up the backside to get their message/news out.

I'm a long termer and even I got lost in that last RNS!

6p is a fooking joke!

Another decent RNS to be ignored by the market?