Member Info for esduk

Another visit to Tyseley from the Department of Business and Trade accompanied by a glowing review of the facility.

https://www.linkedin.com/posts/caroline-soury_from-london-to-birmingham-and-everywhere-ugcPost-7402697222405976065-45eJ?utm_source=share&utm_medium=member_ios&rcm=ACoAACbW318B5SROCrBo8_YGOn-KXbgaEGlJ0ow

Could explain some of the price action i.e. the imbalance in buys and sells earlier this week. If they had some shares left on their book then they would only be a seller rather than needing to run a balanced book.

Thanks for sharing estura.

Funny that Marex have basically been the only MM moving the price today. They are hopping from ask to bid and back and moving around their levels on both while all the other MM's have stayed static. Also Stifel are once again absent, which could suggest that they are no longer covering Mkango.

*£25m haha. Might as well be £25!

Agree with the general sentiment, but as previously posted, I think this is changing (in the EU at least) out of necessity and embarrassment. The UK just isn't a big enough player, and doesn't have enough money to make a major difference on the world stage when acting alone (£25 for its critical minerals strategy...).

All that being said, at the micro rather than macro level, Mkango and Hypromag have benefitted a lot from both UK and EU funding over the past 5 years and wouldn't be where they are without it (Tyesley funded by UK gov and German plant over 50% funded by EU/Germany) . Trump is deploying money left, right and centre, and I'm sure plenty of it will be wasted, so if I was an American taxpayer, rather than an investor in a potential beneficiary, I would be a little more concerned even though the ends probably justify the means in this case.

But the great thing about our model and geographic spread is that we can benefit from all three sources of funding, and already are.

Read back the posts from the last few days, there's lots of news about the RESourceEU plan and plenty of posting by Will and co about it too. Most of us said not to expect specific company news and we were correct. But it is clear as day that we are going to benefit from this programme including:

- over 3bn euro in funding and financing to be used to support Strategic Projects (we have two) in the next 12 months, with RE being one of three priority areas. Who knows, they may even apply for Strategic Project status for the Hypromag GmbH expansion in the January round as well

- restrictions on export of magnet scrap from Spring 2026 - very good for Hypromag GmbH, and what we have been pressing for in the US

- changes to the CRMA to increase requirements around EU recycled content in end products - again good for Hypromag GmbH.

It’s still over 50p to sell, so it’s just the MM’s messing around and trying to scare some holders into selling.

SG, six MM's on the bid at 50p and one on the ask at 52p. Peel not on the ask like they were yesterday.

8% spread, nice of the MM's to make a market...

Strong start, looks like 50p may have been the barrier to beat. Think we should be in for a decent few weeks. Hypromag USA updated valuations due this week or next according to JT in his recent interview.

Https://www.linkedin.com/posts/adamas-intelligence_commission-adopts-resourceeu-to-secure-raw-activity-7402049634120089601-udUn?utm_source=share&utm_medium=member_ios&rcm=ACoAACbW318B5SROCrBo8_YGOn-KXbgaEGlJ0ow

I see Will is busy this evening reposting Adamas Intelligence’s LinkedIn post about the ReSourceEU announcement today. I’m very confident this is going to deliver for us.

Well said velcro. This was something most on this BB saw coming, but it has fallen into place perfectly, with us having recycling plants that are starting commercial production, and mine and refine projects which are pretty much oven-ready. As a low cost producer, I think we can survive without government subsidy, we just need fair/reflective RE prices. But if other, less competitive firms are getting government funding then we should make the most of this too, so as to maintain our competitive advantage. We are very much in the right place(s) at the right time on so many fronts.

Breached it with two minutes to spare in the session, nice. Onwards and upwards.

Thanks Ophidian, that’s always a good sign.

Just one MM left at 50p now, making a late push pre close.

Thanks MrsRobinson, looks like we have gradually eaten through it and that’s now being reflected in the bid, which is up to 49p now. If we break 50p I can see a fairly quick run up to the mid 50s.

There was the mention of support for two additional projects, including a mine in Greenland that the defence industry is reliant on. This was mentioned in the articles too, which suggests they were from reliable resources.

Basically seems like the articles were correct, though there hasn't been any specific mention of 25 priority projects, just the three priority sectors (battery metals and defence being the other two alongside RE). I think it's highly likely we are going to benefit from this given there are only 7 RE projects (two of which are ours) and RE permanent magnets is one of the three priority areas for the funding and financing.

Restrictions on export of scrap RE magnets from Spring 2026.