Member Info for Cliveas

Commenting on the update, Richard Parris of b.grn, said:

“We are accelerating the development of b.grn to reflect the emerging geo-political and economic landscape. Fuel sources are more important than at any time in recent experience. This has created an unprecedented combination of national and local governments, waste management and fuel customers, and land vendors, all seeking a solution. In my opinion, b.grn is that solution. We have been impressed with the speed and level at which we have engaged with interested parties, and we look forward to taking the Company to the next stage: being on site and producing fuel.”

GL.

Richards link from 13th :

b.grn Group Ltd, provides the following update to its progress in developing the first commercially viable operation in this market.

b.grn is a Special Purpose Vehicle (SPV) in which Sabien Technology Group Limited (“Sabien”) has a 33% shareholding and Parris Group owns 67%. b.grn was formed to build a large-scale UK processing capability that utilises technology from City Oil Field Inc. (“COF”), of South Korea for which Sabien holds the exclusive UK sales agency. Under this agreement, Sabien will receive a commission of 10% of the selling price of all products sold on behalf of COF to the SPV.

b.grn’s strategy is to locate processing capacity in geo-economically relevant sites, initially across the UK, from which it will provide a meaningful contribution to the local production of fuel oil without the need for primary hydrocarbon imports.

Against this strategy, b.grn has made the following progress:

The Company has identified two well-located, available sites on which to operate. In both cases, the sites are close to deep-water ports and road/rail infrastructure. One site is in the Humberside Freeport zone (code name Project Coffee) and the other is located in Holyhead, Wales (code name Project Panad), in an area pending Freeport status. Work is progressing to secure either or both of these sites subject to commercial negotiations, site investigations in Humberside, confirmation of Freeport status in Holyhead, and the appropriate capitalisation of the SPV:
These locations are in addition to the Northampton site highlighted in the announcement of 22 December 2021. The Northampton site remains under consideration. However, in light of the situation created by the Russian invasion of Ukraine, b.grn has accelerated its development of the site portfolio to reflect the emerging need for larger locations.
It is in negotiations with COF for a greater integration between the companies which could include, but is not limited to, the development of manufacturing facilities in European markets and financial investment from Korean investors in support of the initial capital requirements of b.grn:
b.grn is in talks with a range of European investors seeking to back an initial funding round, additional to COF, of £50 million via a combination of equity and debt instruments.
b.grn is working constructively across a range of components, vital to its strategy. It has identified its initial sites. It has reinforced, further, its commercial relationship with the manufacturer of the core technology. It has entered into negotiations with financial investors to support the development of its strategy.

The COF and funding part is particularly interesting!

GL.

Beyond me !?
I always thought having a commercial product was a positive and provide income going forward?
But WTFDIK.

GL.

I see PHE have gained planning permission for a second site converting plastics to Hydrogen!

Mcap of 89m!

SNT get one over the line = one hell of a lot of catching up to do!

GL.

All gearing up niceley for that commercial launch!

Two very experienced appointments to the commercial team!

Sara Barrington, CEO, Verici Dx, said: "We are delighted to welcome Grant and Windy to Verici's commercial team. They bring 35 years of combined industry experience, which will be of great benefit to our team as we launch Tuteva™ commercially later this year."

GL.

Roberts is also director of City Energy Network Ltd .

The plot thickens but something is brewing!

GL.

Nothing much at companies house but they have thrown in over 300k to get the shares which is not punt money in my view and is being funded by someone.

Watch this space!

GL.

Questions are :

Why are they buying?

Have they finished buying?

Based in wales are they linked to Holyhead site?

Whom exactly are they?

GL.

Castle Ignore share******* he's lost pi's money all over the 'buy the dip'.

Trying to cover his ramping tracks. Buy clon at .6+ LOL.

No need for anger on aim. Kat just kicked me in the *******s but you dust yourself off, take responsibility for YOUR mistake and move on.

GL.

This board is out of control!

Far too much anger

GL.

Moan when there is no update!
Moan when there is an update LOL!

The opportunities for this technology are endless and if they can get their patents filed then there is value. It's that simple.

Acquisition was a non starter as they didn't have the funds but they have enough to carry out the new strategy. Will only take one JV to take off and ....

GL.

Paul Johnson words it better :

"The Joint Venture has now completed its first diamond drill programme at Haneti, a district scale exploration opportunity in Tanzania.

Drilling has confirmed the presence of nickel albeit not as yet in economically significant intersections. However with the information from the programme we can now undertake more advanced targeting for next stage exploration. We are targeting the discovery of economic nickel with the work programme going forward.

The completion of this programme also enables the JV to re-engage with potential project partners to discuss the findings and next steps in further detail.

The work undertaken was extended to include an assessment of lithium prospectivity which was perhaps less of a focus in the past. The results of this work have confirmed significant lithium potential and the JV is now implementing a lithium consolidation strategy to build our interests in this area.

At this important time in the advancement of Haneti, Power Metal is working with our JV partners Katoro Gold to undertake expedited work programmes and move the Haneti project forward."

Are these results significant? :

· Strong lithium mineralisation is present, most likely in the form of lepidolite/spodumene mineralisation, with two of the five rock samples returning >10,000ppm Li.

· The tantalum (Ta) values in two samples (2,608ppm and 1,354ppm) are exceptionally high, considering that a value of around 250ppm would be of economic interest.

· The Ta:Nb (niobium) ratio is favourable with Ta being much more abundant, representing the more valuable member of the two.

Based on the results, it is suggested that the Babayu lithium prospect should be further followed up on and the consistency of the high concentrations of tantalum and lithium should be evaluated further.

Thanks in advance.

GL.

Question is : Is Haneti done in or did they just drill in the wrong place?

Also is there true potential with the Lithium mentioned?

Any budding geologists please feel free to enlighten me thanks.

GL.

******!

GL.

Standard wording included in any set of accounts.

GL.

Hi Sam only my opinion but my take on :

'However, in light of the situation created by the Russian invasion of Ukraine, b.grn has accelerated its development of the site portfolio to reflect the emerging need for larger locations.'

Indicates that things have changed since viewing Northampton and it is deemed too small a site. They are thinking big! or bigger.

The investment mentioned relates to the manufacture of the plant and machinery that will eventually be fitted on the sites :

'Separately, b.grn has held substantive discussions with COF in relation to the development of European manufacturing facilities for the COF processing plant and equipment. These negotiations may lead to an investment by South Korean interests alongside UK and European investors into b.grn in support of the initial capital requirements for this project.'

No mention of the very public link to the visit at Holyhead and very close ties with the Tory MP?

Let's hope fornews on progress very soon.

GL.

Does it get any bigger than FIFA?

The players/team are delivering big time!

Now Kal has to start delivering on the business side. The business will grow and follow the success of the ream but we need more regular updates of what's going on.

Again great news though.

GL.

I don't know about anybody else but if my house sold in any of those timelines I would be very very happy.

Bit of scaremongering and headline grabbing imho. 'jumped' LOL

GL.

Only my opinion but I believe the Northampton site will be let go for the other bigger sites.

The freeport status is going to attract both public and private investment. Also some development grants and reduce some costs.

Agree it feels like a no brainer to invest in this project and this is hinted at in the RNS.

Definitely on the radar of the Gov't and await any developments.

Current mcap only prices in the M2G businessimho.

GL.

( it does feel like Richard is doing it all himself to keep costs down but maybe its time to recruit, expand, exploit and grow?)

Do you not read RNS's ?

The rns of 5th May clearly indicates they are focusing on the two larger sites in Humberside and Holyhead :

b.grn has identified two sites in the UK, one of which is located in an existing Freeport zone while the other is in an area with pending Freeport status. The company is in negotiations to secure either or both of these sites. These locations are in addition to the Northampton site highlighted in the announcement of 22 December 2021. The Northampton site remains under consideration. However, in light of the situation created by the Russian invasion of Ukraine, b.grn has accelerated its development of the site portfolio to reflect the emerging need for larger locations.

Separately, b.grn has held substantive discussions with COF in relation to the development of European manufacturing facilities for the COF processing plant and equipment. These negotiations may lead to an investment by South Korean interests alongside UK and European investors into b.grn in support of the initial capital requirements for this project.

Clearly mentions possibility of investment from South Korean interests alongside UK and European investors.

I believe there is a lot more interest from private money coming in to progress the project.

Then RNS of 13th may confirms Wales has been granted a freeport , the status of which is required for the Holyhead project.

Bids for this have to be in by mid June I believe with Holyhead a front runner.

This together with Richard touring the Holyhead site with local conservative MP Virginia Crosbie and The MP mentioning Sabien by name in her support for the development of the site. Obviously has the ear of the government.

A few days later Kwasi Kwarteng visited the site with Virginia Crosbie, I wonder what they talked about?

Virginia Crosbie, Member of Parliament for Ynys Môn, commented:

"This is a big day for Anglesey, and I will do all I can to ensure that a brilliant bid is put forward to grant Freeport status to Holyhead. Companies like b.grn want to invest in our Island but need certainty over that investment and the incentives to do so. A Freeport here will do just that, and I will be working hard across the board with business, with authorities, and with organisations in North Wales to make the bid a success."

I am not surprised that the other projects have been put on the back burner for the time being.

I am glad you agree the mcap of Sabien is tiny compared to the potential that is on offer!

GL.