Member Info for DormanLongNY

Further to ATD’s great link, some of the key text is:
The government also outlined expectations to develop a cross-border LITHIUM PROJECT with neighbouring Spain, which also has reserves of the light metal, to PRODUCE and recycle electric vehicle BATTERIES .
It did not provide any details except that the factories would be installed in border regions.
Portugal already produces lithium for the ceramics industry, and COMPANIES are now preparing to produce higher-grade lithium used in electric cars and to power electronic appliances (THIS IS SAV and Galp and ?? IMHO)
The plan envisages dozens of investment projects, including in health, social housing, innovation and infrastructure. There are also projects to support a greener economic model and the digitalisation of companies.
The plan is under public consultation for two weeks and will be submitted to Brussels in early March, de Souza said, adding some projects might start being implemented before this summer.
(Capital letters added by me + the SAV comment- join the dots and the ducks are just about all lined up, ready to Go)

Just a quick reminder of the many positives/ reasons to invest in SAV:
-The submitted Environmental Impact Assessment (EIA) document, of 1500 pages, is been recognised as a ‘gold standard’ doc, is due for public release shortly
- Galp, a multi billion Portuguese based company are investing in SAV, subject to DD
- the Portuguese government are recognising the importance of Li to their economic recovery and are putting out to tender some lithium exploration licenses in the Autumn, worth hundreds of millions of pounds
- the SAV Li mine is high grade Li ore, very suitable for Li batteries, once refined

So, as Osaka states, 8 or 9p is easily achievable in the short term

Reckon it’s worth reminding ourselves what was recently written in the Tesla Seeking Alpha article. Paraphrasing, it stated that Tesla Berlin’s battery factory could struggle for a guaranteed supply of Li and to address this issue, it should consider European suppliers, like SAV. Obviously, the Li needs to be refined, but recent BB comments have shown that a Li refinery will be built in Portugal. Join the dots....

Reminder that in 2019 Northvolt raised funds for a massive lithium battery plant. The press release at the time said -Automakers Volkswagen and BMW are among the investors in Europe's biggest lithium-ion battery plant, Sweden's Northvolt said on Wednesday after it raised $1 billion in equity capital to complete funding for the facility.
As discussed, this morning on the BB, Galp have been in discussions with Northvolt for many months re a Li refinery in Portugal, with SAV supplying the Li raw material. Join up the dots .....

Regarding possible interest of US investors in Li in Portugal and therefore SAV, it is worth noting that Galp's shareholding structure has significant international institutional investors, with the USA holding 38.5%.

Remember that behind the scenes the SAV & Galp alliance will be supported and encouraged by the European Battery Alliance. One thing that the EU is very good at is, putting billions of Euros at the disposal of organisations like the EBA/ EIT InnoEnergy to ensure EU policies happen. The EU recognise that the battery industry will be worth an estimated 250 billion Euros in 2025. And SAV will be a key player in providing environmentally mined Li.

Why invest in SAV ?
Easy answer is that because Galp have, a Portuguese company with a market capitalisation of 7.5 billion Euro.

The Portuguese Minister for the Environment and Climate Action, Matos Fernandes, reaffirmed on the 9th Jan ‘wanting very much” that Portugal will have a lithium refinery, with many municipalities already ready to welcome it.
Also, Matos Fernandes stressed that Portugal wants to take advantage of the fact that it is a country “potentially rich in lithium” by refining it, creating conditions for the production of cells and, later, batteries.
This article was found by a great SAV researcher.

The Portuguese Minister for the Environment and Climate Action, Matos Fernandes, reaffirmed on the 9th Jan ‘wanting very much” that Portugal will have a lithium refinery, with many municipalities already ready to welcome it.
Also, Matos Fernandes stressed that Portugal wants to take advantage of the fact that it is a country “potentially rich in lithium” by refining it, creating conditions for the production of cells and, later, batteries.
This article was found by a great SAV researcher.

Regarding BB comments many people unfortunately have their own agenda when posting. However some posters have undertaken some great research and state facts not fiction, including posters who are claimed to be rampers!

Agree with previous posters, timing is a key factor in SAV’s activities. Ideally, SAV’s Li needs to supply a European Li Refinery.
Hopefully, early Jan we will hear news of SAV’s off take partners, EIA news and a Li refinery in Portugal + ever increasing European demand for EV’s and thus Li.

Not surprised that people are buying at thus bargain price. Remember this share was 15-17p over 2 yrs ago with much less news.
The EU has recognised and are implementing policies to ensure it has its own internal supply of key raw materials, one of which is Li.

I have been with HUM over 4 yrs and it can be a frustrating share to hold. But, it is now making millions of dollars a month of profit/ cash generation, as we all know, which bodes very well for 2021.
Thanks for all the tech analysis undertaken on this board, much appreciated.

This is the bit I like from the article - ‘Later, in declarations to RTP, the Minister of the Environment recalled that Portugal "will have a lithium refinery", but stressed that it was not up to him "to discuss what is the intentions of a private company".’
The word ‘will’ in my reckoning means a definite action, certainly in Yorkshire !

The German government and its car manufacturers understand fully that the future is EV production. Car manufacturers in the future will be very profitable by producing millions of EV’s.
Elon Musk realised this several years ago and we all know how that is demonstrated in Tesla.
VW, BMW and Daimler will need vast amounts of processed Li, with EU directives stating that ideally the raw material should be sourced in Europe. I’m sure SAV will be a key supplier of this raw material, as the Portuguese government will take a pragmatic view re SAV and the it’s MdB mine.

Further to Osaka’s encouraging message, the link states,’ The proposed project shall validate the technological, economic, legal and social viability of a novel electrochemical process, using hydro-electric power, to directly convert spodumene concentrate into high purity lithium hydroxide. Spodumene concentrate will be sourced primarily from European producers, thereby fostering the development of a sustainable European value chain. This project’s plans also include setting up a European refinery which will become operational from 2023.
SAV is a partner in the above, as a European Producer of Li raw material

To those people in Portugal who are NIMBY, - “Not In My Backyard," I would respectfully ask them the question, do you drive a car, ride a bike, use a mobile phone, fly or have a washing machine ?
All the aforementioned need raw materials to be manufactured and in most instances the basic materials are mined. So, mines are needed and in some instances they are located in non ideal locations. The SAV mine will have world class environmental standards, not like the many of the mines operating in Africa, e.g a cobalt mine in the Congo operating with child Labour and no environmental standards.
Something to think about.

Further to Osaka’s comment & link on the excellent and balanced article, some more text on this article which puts the Li mining debate into perspective for Portugal and Europe.
Thus ‘asked by SAPO24 about opposition to the project by the population and political representatives, the Savannah CEO reduced the problem to “a small group of people who do not want to have a mine in the area”. “I think most of them are calmly undecided and some of the key information that will be made available in the new year will be convincing. And we will demonstrate the benefits. We have surprises up our sleeve, too, ”he said.
The focus of the speech was, finally, on the idea that the project in Covas do Barroso "will be a beacon for the industry" in Europe. "It will demonstrate the best new methods and technologies and it will help build a body of knowledge that can be adopted by other European raw material producers and it will be an example of what Portugal can do to lead the way in this industry", said David Archer, that path was under discussion next.

My understanding of government policy after COVID was for UK industry to become less reliant on materials and goods from China. My experience in the steel industry is that Chinese steel is often of poor quality, and over the years many UK stockholders have realised that often ‘cheap and quality’ is a myth. I would not buy a car made in China or a battery pack made in China.

Great news for the north east of England.

A £2.6bn electric car battery 'gigaplant' heads to Blyth. Construction is poised to get under way next summer on a 230-acre site once occupied by Blyth Power Station.

Once up and running by the end of 2023, it will produce enough lithium-ion batteries batteries to power between 300,000 and 500,000 electric vehicles a year. Who will supply the Li in 2023?? Well, SAV’s MdB mine in Portugal will be in operation in 2023.