Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thanks RT, just more Chatbot irrelevance.
Do your masters pay you the full 50 cents for this drivel?
SP - this link to wiki explains all about “wumao”, and RT is surely a paid up member of the 50 cent party
https://en.m.wikipedia.org/wiki/50_Cent_Party
Yawn
This quote below is an extract from the 1st December RNS, the submission by Ktech to Congress. I was surprised at the comment that they were only about to start up the pilot plant this month….so maybe results will take longer than we are all expecting:
“K-Tech is currently concluding a bench scale test program on the Phalaborwa material and has assembled a CIX/CIC pilot plant for Rainbow at its Lakeland, Florida facility. This pilot plant will commence operation shortly on samples of MREC shipped from Rainbow's pilot plant operation in South Africa, to demonstrate the production of on-specification separated REO for the alloy and magnet industry. The process in Lakeland will, for the first time, allow for the production of separated REE battery metal oxides on a commercial basis in the U.S. “
According to their website, owned by Indian Ocean Rare Metals which seems to be a Singapore registered privately owned entity. Definitely not British controlled. Anyone know who IORM are?
The going rate for a Wumao is 50 cents. ??
and there are other benefits - by keeping the proprietary technology for the back end plant in the US, no need to seek export licences and will be harder for competitors to snoop on the process.
A good pitch from GB last night and helps to have a little more detail on the steps from here through engineering design and financing. But I was concerned at the admission that offtake will, at least initially, rely on the product going to China for final stage processing. Who knows what the China-West geopolitical situation will look like by the time of commercial production in 2026. And I am dead sure that any project lender (bank or multilateral) is going to require a robust offtake agreement covering the loan period and with a monopsonist buyer this could be challenging.
The US and Europe need to fix this and fast.
Any thoughts or insight?
Looks like a good pointer that there will be an RNS before 4th October
I caught a short piece on Radio 4 this morning on rare earths, which was a lead into a five programme series on rare earths running all this week on R4.
Here’s the link to the programme online. Good to see interest is moving from the trade press to the main stream and for this to be so close to the expected preliminary business plan announcement from RBW. Fingers crossed!
https://www.bbc.co.uk/programmes/m001cdr7/episodes/guide
Good find Fulmar - I notice a reference to Techmet in the article. Does anyone know if RBW still has a technical agreement with Techmet? That could yet become quite useful.
B-M,
I should think the last thing Rainbow management will want while they are dancing on eggshells in the Burundi Ministry is to have updates leaked to the press. We have to trust George and his team to do the right thing for us all and we the shareholders will learn more when the time is right.
Yes patience is required.
DP - you have to go back a long way to find the source of those options. Those of us who’ve been in here with RBW for the very long haul will remember this choice piece of funding arranged by the old management.
https://www.lse.co.uk/rns/RBW/funding-agreement-for-up-to-usd775-million-a64m59h73gwbcwh.html
Thankfully it didn’t strangle Rainbow and is nearly cleared.
Late 2023 per GB on yesterday’s call. He set out a timetable with key milestones through to full production. So 2024 will be the first year of full revenue from Phalaborwa.
Absolutely PD. A dividend payment near term would be a very negative statement from the BoD - a clear indication they don’t have a strong growth strategy. This company is more likely to be raising fresh capital than paying it back to shareholders in the near-medium term.
The message from GB in today’s RNS was very positive in tone - but let’s be honest it was announcing nothing more than the appointment of some consultants. The script writers dressed it up I guess in the hope this might give a boost to the share price. Perhaps another placing is imminent. But we’re gonna need something more substantive for the share price to leap further.
Well noted @lovelyboy. The ES journo let slip yesterday that Rainbow management (presumably that means GB) are in Zim this week. Perhaps they’ll layer a Zim project announcement on top of all the other excitement.
Here’s hoping!
HKSE listing
https://www.quamnet.com/market-data/quote?symbol=0769
So we know the Jorc is several months late because the pandemic in South Africa has slowed work in the lab there. The company has told us that much.
But I am wondering if there are other reasons. Quite possibly the test results on the initial samples were not as good as expected or hoped for and Rainbow have had to return to site to drill and gather more samples in hope of getting a better outcome.
Maybe there are other explanations for this lengthy and unexplained delay. Any ideas to share?
The document released by Turner Pope was possibly useful promotion, but doesn’t deserve to be called ‘research’. Maybe SP Angel can offer something new.