Member Info for EarEyeAm

"AI boom set to turbocharge uranium demand in 2026"

https://www.mining.com/ai-boom-set-to-turbocharge-uranium-demand-in-2026/

On 23 December I said "With Spid at $1420 and sill rising on a daily basis, I can easily see the price being above $1500 by the time the Ghana Government are back looking at the Ewoyaa Agreement."

Yesterday I said "The price of Spod will make the Royalty 7% before Parliament returns, leaving the minority with only a moan about the difference between 7% and 10% and the likelihood that it will be 10% by the time the mine is built and Spod is being sold, in other words, no argument, no viable excuse to delay let alone stop Ratification and certainly not enough votes to anyway."

Today I check the Spod price and it's $1510, so the Royalty is now 7% as predicted!

https://www.metal.com/Lithium/202311300003

The new Royalty sliding scale will apply to any new mining agreements. So ours and any others coming along.

Existing mining agreements will only transition to this new Royalty sliding scale when those agreements are up for review. We don't know how soon that will be for any of the existing Gold etc mines, however, it will happen to them eventually.

"Ghana has around 90 active mining projects, primarily for gold (about 80), but also for bauxite, manganese, and emerging minerals like lithium, with major companies like Newmont, Gold Fields, and AngloGold Ashanti operating large-scale mines, though exact numbers fluctuate with ongoing operations and new developments."

The minority can only stop the Bill if they get it annulled within the 21 days. They can only annul the Bill if they get 2/3 of the house to vote to annul it, which is never going to happen, you can tell from the squabbling and at times fighting in Parliament that nobody from the Majority is ever going to vote with the Minority to annul a Bill that their party submitted.

The Ewoyaa Agreement having also been presented back to Parliament, has been changed to accept the terms of the sliding scale Royalty Bill, so everything now matches up, nothing is illegal any more, and Ratification can be 'expected' rather than 'hoped for'.

The price of Spod will make the Royalty 7% before Parliament returns, leaving the minority with only a moan about the difference between 7% and 10% and the likelihood that it will be 10% by the time the mine is built and Spod is being sold, in other words, no argument, no viable excuse to delay let alone stop Ratification and certainly not enough votes to anyway.

Nothing is going to delay or stop the Ratification.

Buys in USA were at 11.7p.

"Is uranium the 'next gold'? Goldman Sachs: The supply deficit will widen to 32%, with at least a 20% upside potential by the end of next year."

https://news.futunn.com/en/post/66540126/is-uranium-the-next-gold-goldman-sachs-the-supply-deficit

Uranium Projects research.

https://joshthompson.co.uk/investing/zenith-energy-advances-exploration-italy-uranium-deposits/

Ryan is certainly living the Green Utopia, but as with all green policies he's expecting this to happen 30 years before it's achievable.

This bit is just an inept politician attempting to divert attention away from the claim, it's totally irrelevant to the claims from LOGP and PRD. They can withdraw from ECT all they like, it makes no difference, as the ECT applies for TWENTY YEARS after they withdraw from it!!

"The Irish government last year announced it would withdraw from the ECT — the treaty being widely criticised by climate justice campaigners — following similar decisions by the EU, UK and other parties. However, climate minister Darragh O’Brien last week confirmed in the Dáil that Ireland had not yet completed the process of withdrawal."

From Google:

"The 20-year period mentioned refers to the "sunset clause" (or survival clause) of the Energy Charter Treaty (ECT), a provision that extends protection for existing investments for two decades after a member state formally withdraws from the treaty."

I was looking at ICSID claims and I found this one, which contains something very interesting that aligns with our claim valuation.

----------------------------------------------------

METALCLAD CORPORATION Claimant and THE UNITED MEXICAN STATES Respondent

"Metalclad has proposed two alternative methods for calculating damages: the first is to use a discounted cash flow analysis of future profits to establish the fair market value of the investment (approximately $90 million); the second is to value Metalclad’s actual investment in the landfill (approximately $20–25 million)."

"Normally, the fair market value of a going concern which has a history of profitable operation may be based on an estimate of future profits subject to a discounted cash flow analysis. Benvenuti and Bonfant Srl v. The Government of the People’s Republic of Congo, 1 ICSID Reports 330; 21 I.L.M. 758; AGIP SPA v. The Government of the People’s Republic of Congo, 1 ICSID Reports 306; 21 I.L.M. 737."

----------------------------------------------------

Metalclad had set up its system but it had never operated, so there were no records of revenue or profit, therefore a 'discounted cash flow analysis of future profits' could not be applied to the claim. The ICSID therefore awarded Metalclad the value of their investment in the system, plus interest.

With Zenith, the Oil assets were producing, the assets were providing regular revenue and profit to Zenith. This means that a 'discounted cash flow analysis of future profits' is the correct method to apply to the Zenith claim.

This gives me a lot of confidence that the claim value of US$572.65 million is valid and would not be reduced meaningfully by the Arbitrators.

December 19, 2025

"The Tribunal holds a case management conference with the parties by video conference."

https://icsid.worldbank.org/cases/case-database/case-detail#procedural_details

MacF1, exactly!

MadDogMc, exactly!

Worth a read.

https://www.visualcapitalist.com/china-still-dominates-critical-mineral-refining-in-2030/

Check this info out and you can see why he is so desperate to get his filthy hands on Greenland.

https://www.visualcapitalist.com/china-still-dominates-critical-mineral-refining-in-2030/

There's a Grinch that sits waiting 24/7/365 for me to post just so they can respond to my posts and my posts only. I am their OCD.

Maybe they had a Tax reason to sell before year end and crystallise their losses, then will buy back first thing 2026.

I noticed that the price of $1420 is the average price. Below the price it says "Price Range:1,300 - 1,540"

The average price is what I expect the Royalty to be based on, not the high or low prices Spod is being sold for.

Worth remembering the below.

15 November 2023

Atlantic Lithium rejects Non-Binding Indicative Offers from Assore

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, announces that on 7 November 2023, the Company's major shareholder Assore International Holdings Limited ("Assore") presented a conditional and non-binding offer ("NBIO") to acquire all of the shares in the Company that it does not already own, pursuant to a scheme of arrangement, at an offer price of £0.33 per share (A$0.63).

Following careful consideration, the NBIO was rejected by the Atlantic Lithium independent board committee ("Atlantic IBC"), which was established to consider the approach from Assore. The NBIO follows an earlier approach from Assore on 2 October 2023 at an identical offer price of £0.33 per share (A$0.63; "Prior NBIO"), that was similarly rejected by the Atlantic IBC.

Shareholders of the Company do not need to take any action in respect of the NBIO or the Prior NBIO.

Rejected Offer Not Considered to be in the Best Interests of Shareholders

The Atlantic IBC and its advisers gave careful consideration to both the NBIO and Prior NBIO, and determined in each instance that it undervalued Atlantic Lithium and, therefore, was not in the best interests of shareholders, having regard to the near-term producer status of the project, the status of the pending investment from the Minerals Income Investment Fund and the positive near-term outlook for lithium project developers.

This is very interesting:

"CATL, the world’s largest manufacturer of electric-vehicle batteries, has announced internally that the Jianxiawo mine would be temporarily halting operations, they said. One of the people said the suspension came after the company failed to extend a key mining permit which expired on Aug. 9."

"CATL saw revenue from its battery mineral resources business plummet 29% in 2024, a drop that underscores challenges facing the Chinese company’s upstream investments including a precipitous decline in lithium prices. These were originally intended as a way of securing supply and managing costs, and CATL had aggressively pursued mining stakes, even overseas."

https://www.mining.com/web/catl-suspends-output-at-china-lithium-mine-for-three-months/

As China is now limiting what CATL can extract, by refusing to renew it's license on its biggest mine, that could lead CATL to seek out more acquisitions outside of China. CATL can buy up as many mines in China as it wants, but if the Government are just going to refuse to extend mining permits then it's a pointless exercise. CATL needs security of supplies that it now seems it will have to look outside of China for. Perhaps they will make an offer for Ewoyaa once Ratification is in place.

If not, then I'd still expect them to be hammering the door down to get a big offtake agreement following Ratification, again, for security of supplies.