Fulcrum Metals boost Saskatchewan uranium exploration assets by 221% to 59,000 acres. Watch the full video here.
What would a new contract RNS do here just after the Gmeeting...
Have contract news been held back until after Dec 4th is what I am thinking right now, for maximum uplift for the new Master’s?
What do you think Quant?
As for NORTHOLT and potential £55billion orders.
AMTE can achieve 5-10% of that figure. No one will complain with £2.5bn - £5bn order flows in 2024-2025.
I’m now waiting for a counter-offers just like Horace and a few others.
Need fireworks 🧨
Also I think only when you own or drive a EV, you can make some observations or balanced opinions from your own experiecnes over a period, whether they were positive or negative. A pile up of EV’s is yet to happen be it lithium or sodium, that will be a real test and could change things dramatically if the scene is beyond anything we have seen to date. Much to learn.
Facts: BillyBobs UK INVESTOR MAGAZINE post needs repeating - indeed it does!
Northvolt IPO: what we know so far
Swedish battery maker Northvolt is reportedly gearing up for an IPO as it plans to build more gigafactories across Europe to meet the burgeoning demand for electric vehicle batteries and renewable energy storage.
According to reports by the Financial Times, the company could be worth $20bn on listing.
Northvolt is a leader in lithium battery production but made the headlines recently when it announced the development of sodium-ion batteries.
Why is the Northvolt IPO important?
Swedish unicorn Northvolt is one of the world’s largest battery manufacturers and counts companies such as BMW, Fluence, Scania, Volvo Cars and Volkswagen Group as their clients.
The group has received over $55 billion in orders since it was founded in 2016 and employs 5,000 people across Sweden, Germany, Norway, Poland, Portugal, the US and Canada.
The Northvolt IPO is important because it will demonstrate investor appetite for electric vehicle and renewable power storage technology at a time when the pace of growth in EV sales is starting to slow, and major wind projects are canned.
The anticipation around the Northvolt IPO ratcheted up a notch or two last week after the company announced the development of 160 watt-hours per kilogram sodium-ion batteries designed for low-cost energy storage across India, the Middle East and Africa.
Peter Carlsson, CEO and Co-Founder of Northvolt, said, “the world has put high hopes on sodium-ion, and I’m very pleased to say that we’ve developed a technology that will enable its widespread deployment to accelerate the energy transition.”
“It’s an important milestone for Northvolt’s market proposition, but battery technology like this is also crucial to reach global sustainability goals, by making electrification more cost-efficient, sustainable and accessible worldwide.”
Northvolt Sodium Batteries
Northvolt has developed a sodium-ion battery free from nickel, cobalt, graphite, manganese, and, significantly, lithium.
Northvolt’s breakthrough sodium-ion batteries are based on hard carbon anodes and Prussian White cathodes. Prussian White is made from sodium, iron, nitrogen and carbon.
The absence of lithium and other critical metals will reduce reliance on China and make battery storage for renewable power much cheaper.
Sodium-ion batteries can be made using locally sourced materials instead of expensive imported critical metals, lowering overall cost. The company is still a way off commercialising batteries for use in electric vehicles. Still, as soon as the energy density is improved, some hope sodium batteries will overtake lithium in electric vehicle applications.
Northvolt is not the only company developing sodium-ion technology. Chinese EV maker CATL and London-listed AMTE Power are among many companies working on their own sodium power solutions.
AMTE Power -Main Market is future, FTSE 250
A battery manufacturer with a GIGAFACTORY or two with storage business could become a FTSE 250.
Saying that Northolt £20bn IPO valuation is FTSE 💯
All this relevant info coming out this week is very timely, and places the spotlight on AMTE’ power status, current and future valuation in this colossal global battery market. Keep it coming @horace and @Quant.
On bloomberg also:
According to reports by the Financial Times, the company could be worth $20bn on listing. Northvolt is a leader in lithium battery production but made the headlines recently when it announced the development of sodium-ion batteries.
This genuine folks on this board have been saying this all month. Pinaccle are quietly shouting AMTE POWER Sodium-ion is the future, we have it in the Dundee already. Uk Govt really needs a big kick up his backside. £20bn versus £2m. Says it all why the US is interested.
I see a BLUE DECEMBER from here. Dec 4th vote won’t be affected. Most of the stock is now in shareholders hands I believe.