Member Info for flundra

Another nice sp rise, and still only a few pennies above the previous longstanding ath, when the mda was a long way off and Hypromag and pulawy still in nappies. Strong newsflow for the rest of H2 on all fronts should deliver more big sp rises.

Yes he and alex have been looking v happy. Ready for an rns that'll blow the lights out, doors off and anything left out the water!

Govts, Ds o D or suppliers perhaps. Exclusivity agmts, options maybe. Industry or commerce. Or nothing's in fact happened yet. All possibilities I guess. Anyone seen anything since 2 July?

Agree GKN a good call for a magnet offtake agreement imo, with their longstanding interest and now approvals of Tyseley pilot plant magnets.

Further re offtakes, I'd expect a Songwe offtake to be announced before long too. Other Malawi RE/critical minerals mines have them already eg Globe, Lotus, Lindian. A few weeks back the Maminco CEO was reported as saying there already is one for Songwe! Unless he misspoke or got misreported, or I've it's being denied, there could be advanced negotiations or a confidential agreement already maybe?

And fair to say it was Cotec (in particular JT's) foresight and masterstroke to get into Hypromag as early as they did. Such is the business model and in part why I'm invested in Cotec too (ie not just because of Hyp USA, but also for the other projects with multibag potential the team's identified).

I'm also v happy with MKA partnering with Cotec anyway, committed deep pocketed board and growing investor base, they're impressive imo, bar JT's fashion sense perhaps...

Https://www.mining.com/web/iluka-signs-deal-with-lindian-for-rare-earths-supply-from-malawi/

And here's a nice offtake deal for Lindian's Malawi RE mine, with a 60% SP rise! Bodes well.

And presumably completion of the BCA could be sooner, as a separate event not necessarily simultaneous with the listing.

A month or so old, but this popped up on my google alerts just now, summary, completion Q4.

https://www.msn.com/en-us/money/companies/mkango-and-crown-proptech-merge-to-create-strategic-global-rare-earths-platform/ar-AA1HSNMg?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1

It says there were 10 there and 10 are named.

Not that it matters in the bigger picture, but Hyp/Cotec/MKA aren't among the 10 rare earths cos noted as attending the White House meeting, in the reuters article.

Nice that JT retweeted. Was he there though ?

The ATH is looking nervous...

"Spanish Prime Minister, Pedro Sánchez, was quoted as stating that "Spain does not have uranium and it will have to be imported" during a Parliamentary session held in May 2025. The comments were made during a debate in the Spanish Parliament following the fallout from the catastrophic blackout that affected most of Spain and Portugal and lasted 9-10 hours in many regions of the countries. The Minister for Ministry for Ecological Transition and Demographic Challenge (MITECO), in response to questions from PP in a subsequent Senate plenary session, clarified the Prime Minister's words and specified that there is natural uranium in Spain, but not enriched uranium."

Wow, 5000+ magnets produced from the pilot plant now! That figure was 3500 only a few months ago. As JT says "validated by GKN...proves the scalability and technical performance...and derisks the issues...around the process".

I don't think a Hyp India would increase the risk of IP infringement or make redress harder velcro. The lawyers would certainly need to ensure the commercial agreements were properly drawn. The jurisdiction is covered by numerous agreements and treaties with UK and others, and I'm sure would be deemed acceptable by Hyp to operate in.

Did you have a particular bad actor or actions in mind re India?

The GOI would be involved via grants/loans etc and their interests would largely align with Hyp's to protect against IP infringement, and support.

Also IP infringement is more of a general and often international cross border problem imo. Someone could conceivably be knocking up a rip off HPMS vessel anywhere in the world as we speak for all we know. Lawyers would guide on closing any thing like that down and suing as it arises.

Bring on India asap imo.

A number of us (Myles included) have clearly been thinking....Hypromag India......and maybe sooner rather than later.

World's 5th largest economy. Likely to be 3rd largest before 2030.

Young innovative population/country.

Current focus in India on domestic production of REs for EVs and other industries. Government funded RE initiatives underway including for RE recycling.

Strong ties with UK, including the new UK/India free trade agreement. Modi visited UK for that i.a. last week.

Positive outward looking economic progress in India, including measures already underway to liberalise foreign direct investment policies.

If Hypromag can get established in India, and the funding's right, then it's yet more happy days imo.

Agree Nkalonje uranium is an exciting prospect because of the increasing interest in nuclear generally and specific applications like powering AI and data centres.

The other licences too. Eg rutile samples from Mchinji were taken and sent for analysis 5 years ago. That was looking huge.

Mka have said everything in Malawi's on the backburner whilst Songwe's being progressed. I presume that's still the case but OMG the potential across the portfolio is mind boggling. What's next for it all is indeed an interesting question. Might be back on the agenda soon.

Good share this, plenty going on and to come!

Cotec announced today the final closing under its placement.

Julian Treger, CoTec CEO, commented, "Being oversubscribed by 35% is a fantastic conclusion to the Offering, and we welcome all our new shareholders. At CoTec, we are working hard to execute on our high-impact critical minerals pipeline to unlock the significant amount of value created to date. We have noticed the support our share price has received in the market over the past few weeks and hope this is the start of a broader market recognition of both CoTec's value proposition and its strategic positioning in the critical minerals supply chain."

I don't think CoTec are planning on looking backwards! :

"Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units, subject to acceleration." Current SP .98 CAD

I'm sure the so called "patent thicket" will keep us far enough ahead anyway, if not out of sight altogether, if 2032 for the existing tech isn't enough! ie separate patents for modifications and improvements on an ongoing basis. Not one to lose sleep over imo. Doesn't seem to bother management.

Just the start, if triggered by hitting £100m mcap?!

Yes welcome newbies, and also welcome back to some old names, eg crumbs. Together on LSE we must be a substantial %age of MKA's PIs. Keep posting all!