The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
"About to" meaning:
If you are about to do something, you are going to do it very soon. If something is about to happen, it will happen very "soon."
https://www.collinsdictionary.com/dictionary/english/be-about-to
It's not just EV's and storage, although they are rapidly increasing and will do so exponentially over the next 10 years. The use of Lithium in batteries for all types of electronics is also increasing, with more rechargeable things appearing all the time.
https://www.visualcapitalist.com/visualizing-25-years-of-lithium-production-by-country/
Atlantic Lithium present at the Proactive One2One Investor Forum - June 28th 2023
https://www.youtube.com/watch?v=uttDTA_cc2U
JL,
"My one concern is the slight lack of newsflow for the next year. ML this quarter, then offtake Q4. Exploration results"
I wouldn't call that any form of slack in newsflow.
The ML is the go ahead for the mi e for Government, it gives MIIF their final piece in the jigsaw that allows them to invest, and I expect them to do just that.
The offtake agreement(s) will be huge news for a couple of reasons, one is that as advised on video the company will take the best offer(s) which means a bidding war to drive up prices and an option to take substantial cash up front, the second is that the huge cash up front should make it clear once and for all to investors that no further dilution can be expected, meaning investors can load up for the final run to production in late 2024 from the DMS (installed in September 2024, 6 weeks to be up and running, means first production in 2024 not 2025, and it could be as much as 3 months earlier depending on EPA completion date).
These items are also big drivers to ii investment. Some will want the ML in place, some will want offtake in place so they know they won't see dilution after investing, etc. The company told us they have recently been doing roadshows to ii's, to they are primed to pile in once they do their due diligence and decide on when to buy based on ML and the offtake situation.
We don't need multiple other news items when we have those substantial price catalysts coming soon.
In yesterday's presentation it was advised that offtake is expected cover ALL's part of costs, so no dilution. It was said 2 or 3 times, once as part of the presentation and again in answer to question(s). It was also said that ALL will take the best offer on the table, which effectively means a bidding war is on the cards for the offtake agreement, with no doubt significant cash up front being the winner.
Did you ask that question on the call? If so, it may get answered when they review the Q&A before publishing it on the website. If not, email them, they said they are open to questions being sent in, and you'll get a more guaranteed correct answer that way than on here.
MIIF investment $30m. That can also be taken off our share of the costs as they are sure to go for it.
https://www.reuters.com/markets/commodities/ghana-mining-fund-talks-over-atlantic-lithium-investment-2023-02-17/
Ore processing
450,000t early processing
2m/t ramp up
2.7m/t steady state
First year generate $160m in cash
Use offtake to bridge the funding gap!!
Offtake to Vehicle OEM's, Battery Gigafactories, Traders, Chemical Processors.
Needed to wait for DFS funding details and tonnage (now known!). Offtake will provide a large amount of our funding $50-$60m. Seeking Prepayment. Deal possible this half. No placings considered until we know how much is coming in from the offtake agreements!