Member Info for EV_Bull

For ref:

https://www.reuters.com/business/brazils-jf-acquire-vales-center-west-mines-215-mln-report-2022-04-06/

SAO PAULO, April 6 2022 (Reuters) - Brazil's Vale SA (VALE3.SA) has agreed to sell its manganese and iron ore mines in central Brazil, with an enterprise value of about $1.2 billion, to holding company J&F Investimentos, it said in a securities filing on Wednesday.

The Center-West system, which comprises Mineracao Corumbaense, Mineracao Mato Grosso, International Iron Company and Transbarge Navegacion ventures, produced 2.7 million tonnes of iron ore and 200,000 tonnes of manganese ore in 2021.

Can you tell us what you think we could sell 30% of Amapa for @mrcautious as it is currently with $949m NPV?

Worth remembering Trident also have an interest in it so keep an eye on their announcements.

Aye we will have to wait and see on that front. Ganfeng also said they were still in negotiations.

Most would be delighted with $32m!

I’m actually following a few companies that have had massive arbitration awards for having concessions taken from them so is a dangerous game mex gov are playing there.

https://www.africanlawbusiness.com/news/19208-tanzania-ordered-to-pay-usd-109-million-arbitration-award

The Company is pursuing various remedies, including administrative review recourses to challenge the DGM’s resolutions. If necessary, the Group will resort to additional remedies under Mexican or international law. The final outcome of the Company’s exercise of these remedies is subject to uncertainties. The Board will pay active attention to the progress of the

matter and fulfil its information disclosure obligations in a timely manner.

A bit more:

Moreover, the Company’s position is that the resolutions cancelling the concessions violate both Mexican law and international law as they are arbitrary, unsubstantiated in both fact and law, and infringe upon the Company’s and its Subsidiaries’ fundamental due process rights. Therefore, the Company and the Mexican Subsidiaries have filed administrative review recourses before the Secretary of Economy against the aforementioned resolutions.

Https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html

You might want to double check that market cap @Agricore

https://www.asx.com.au/markets/company/eg1

Cadence hold 15,830,136 shares of EG1 at $0.255 = A$4,036,684.68 = £2,097,323

Evergreen is valued at £2.1m plus options

Optimistically you’d think a deal will be struck with Ganfeng soon with AMLO wanting to leave a legacy.

I’m saying if BCN was still trading it would be at a price much lower than the takeout price because of the Mexican government and the uncertainty they have created. Ganfeng can choose to invest in other locations if they don’t get certainty from mex gov why would they invest, yes hopefully this all gets cleared up and of course it has been said the licenses are valid but if I was Ganfeng I’d be investing in Thacker pass and Australian assets unless they get cast iron guarantees. I’d expect a partnership with LitioMx to emerge at some point and maybe that’s our chance to exit the asset for more than our market cap suggests. All speculation at this point.

BCN holders were very lucky to get out when they did given the nationalisation, I expect it would be trading at a fraction of the buyout price now.

Https://m.miningweekly.com/article/uk-offers-critical-minerals-opportunities-for-aus-2023-08-23

It all rests on the Amapa outcome so just a wait and see for now...

"Cadence and Its joint venture partners have agreed that the lowest risk and currently best commercial approach to developing this project is to bring on a highly experienced mining operator or EPCM contractor as a joint venture partner, and we are working towards this goal. We currently have three interested parties reviewing the data room in this regard. However, the above strategy does not preclude the option for our joint venture company developing the project or embarking on trade sale of the project."

EMH DFS is also due in Q4 so hopefully that will be a catalyst.

Should be good, the agreement benefits both sides of course. Good news that the mine will have a new owner rather than being abandoned.

A$120m being raised for Core on Evergreen’s doorstep is no bad thing. Hopefully if EG1 has even a fraction of what Core has it will be good from here.

Given that it was reported a little while ago, you'd think that the holes would be done by now, I was thinking it might be for geological purposes e.g for the foundations of the processing plant.

Bacanora Chemco S.A. de C.V. Mexico

I have been away on holiday, thanks for asking.