RE: Sovereign metals1 Feb 2025 14:00
Gemrusty,
Yes I'm aware of them, but i don't offer it much attention. You will find competition in most industries, and Titanium isn't that rare. But it's a vast market and rising each year, 52 billion market by 2030 is projected and we are hopeful of perhaps having a 10 to 15% slice of that.
Sounds optimistic, as I said there are always competition but it's more the significance of the mineral compound here, its surface level being of the high purity and grades, and initial testing showcasing high percentile recovery. The targeted area, has around 150 years worth of market demand so it's fair to say it's undervalued.
The Titanium mineral itself isn't that rare, although it's concentrate levels vary from location to location, due to other known substances or minerals present being problematic. Here the weathering bedrock system is quite unique, it used to be a coast line fair few thousand years ago. So the gange materials have reduced so much, leaving rich anatase a spades dig away.
The problem is the energy process that is required, but that's not for us to concern ourselves with, supply and demand. We will have the supply, the world requires the demand.
The only other company doing anything remotely different, is another investment of mine Iperionx, who are US based but dual listed on ASX. They have come up with a recycling concept, patented but acquired from other parties, to take old Titanium and recycling it, but also to take our compound and make a 98% purity powder to which can make actual machined components. They i see as competition, stateside certainly. But they only have 1 site that mines, and it's not as large, so perhaps a potential customer as the supply to meet demands grow.
Either way, sovereign don't seem much a threat as any other Titanium, or mining supplier just like any a competitor in a vast market to which we only need a small percentage of this market and still do extremely well 👍
Sign In
Follow the stocks
