Member Info for flundra

Remember EU/EIT funding came in part BECAUSE of Songwe and MKA's mine/refine vision! Strong contender for CRMA status now imo.

https://eitrawmaterials.eu/press-releases/diversifying-rare-earth-value-chain-europes-green-transition

ERMA’s underlying principles are a great fit with the Mkango’s vision and philosophy for the Puławy separation plant and Songwe Hill deposit in Malawi.

Maybe a bit academic but I believe Pulawy (Mkango Polska) is back to being a 100% MKA subsidiary, following MKA exercising its option to convert EIT's Mkango Polska shares to MKA shares last year. EIT still have that MKA shareholding and a loan to MKA. EIT is funding the current Songwe engineering optimisation study.

IG's all over the shop today. Bobbing around showing clients 95% then 100% long and back again! You can place an order to sell, but not buy.

Https://thewest.com.au/business/bulls-n-bears/big-players-line-up-to-fund-lindian-rare-earths-mine-c-18691140

Lots of interest and no problem funding RE mines in Malawi!!

Things couldn't be better on the fundamentals imo.

Will and Alex seem to be putting themselves about a lot in the right places, and increasingly active on social media.

The RE space is volatile and MKA are progressing world class mining refining and recycling solutions at pace.

The CPKT duck has taken its place in the row for the SPAC completion, with the extension and redemptions aligning with the BCA, which itself can't be far away.

Keep the faith and keep buying imo.

Fast track planning permission for the separation plant is another big advantage of being a strategic project. I think I've read 18 months as opposed to several years normally.

Spanish government dealing in house. They'll just spin it out to end of the current parliament.

Https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/24/22#proceeding

The ICSID arbitration page. First session yesterday. Doesn't show any details re rules and timetable yet.

Yes and throw on top of that Ardgowan's market leading green credentials in the space (carbon negative aspirations) this trade deal could be v good news.

Co-organised with (MKA shareholder) EIT!

Looks like full steam ahead still to "complete" or "consummate" an initial business combination, whatever those terms mean.

Best guess as to why they've chosen this curiously precise 10 month period to a revised backstop of 11 March 2026, is perhaps that the definitive agreement is close/imminent, and completion/consummation of that agreement (one condition precedent to completion might be the nasdaq listing) will be around Xmas. Two or three months fat is built in for any currently unforeseen slippage/delay, taking us to March.

I guess it's a double edged sword to attempt too much of an explanation of the 11/3/26 date in the EGM notice. Expressly saying "don't worry nearly there just routine extension" can sometimes be enough to trigger suspicions of delays etc, rather than allay any fears. Probably a good thing it's last minute. Has to happen whatever.

Another issue is does exclusivity extend beyond 11 May 2025?

Https://www.msn.com/en-xl/africa/top-stories/zikhale-ng-oma-shakes-up-malawi-s-mining-sector-chakwera-s-game-changing-cabinet-pick-delivers/ar-AA1E2108

That's a very precise 10 months extension proposed. A lot of headroom. What to infer about the timing of completion of the combination though. Some delay at least by the looks of it.

RIO are widely tipped to t/o SVML (as 19.9% shareholders). SVML's rutile project is next to MKA's Mchinji rutile project. And MKA have REs. There may be some dots to join, although refining and recycling presumably doesn't interest RIO.

0.2%!!

Another good read. Impetus behind nuclear. The govt's getting its cojones nicely squeezed. And re the arbitration:

During the quarter, the Tribunal was formally constituted with the first tribunal session to be held in early May 2025, where the timetable and arbitration rules will be established.

Good to see Will and Alex nicely active on social media.

On EU funding I noted Alex at the Malawi Mining Conf emphasised EIT's shareholding in MKA and its funding of the current Songwe engineering optimisation study.

He's good Shellenberger.

Sadly sanchez has appointed Miteco to lead the investigation into wtf happened. If it turns out to be overreliance on renewables, will that be suppressed? Like marking own homework.

Someone said atmospheric conditions. Maybe Teresa let one go.

EIT are still involved as MKA shareholders I presume. They're cofunded by EU and lead ERMA so MKA might also indirectly benefit from EU funding through the EIT shareholding, or otherwise from EIT. EIT's main interest was/is Pulawy. I recall MKA converted EIT's Mkango Polska shares to MKA shares recently.