RE: Sqm18 Jan 2026 11:20
Itβs amusing to see how many people here are simply trading short-term tin price movements ...selling ATM on a 10% pullback after a 70% run ... while ignoring that tin represents only a fraction of the value across ATMβs three Tier-1 assets.
Lithium Ridge, in my view, could realistically be taken out in its entirety by SQM if the drilling is even half-decent. The recent Azure transaction underlines the potential scale here; at 49%, itβs not unreasonable to argue a valuation north of Β£500m.
Brandberg West is another hugely compelling asset. Itβs a former producing tungsten mine, and tungsten has been on a meteoric rise since the US designated it a metal of national security importance. The project also carries significant copper exposure. Just look at whatβs happened with GMET following US involvement. Europe faces the same strategic vulnerability, with Russia and China controlling roughly 90% of global supply. Securing tungsten in a safe jurisdiction is increasingly critical, particularly given its importance to the defence sector.
Hopefully we see the Lithium Ridge drill results shortly.