Member Info for flundra

Thanks kp,

Hopefully there's been plenty of progress to talk about re Tylesley since end Nov. Full text of the Hypromag UK bit:

HyProMag Ltd (UK)

· Commissioning of scaled-up rare earth magnet recycling and manufacturing plant at Tyseley Energy Park, Birmingham progressing in parallel with piloting at University of Birmingham

· Magnet presses commissioned and powder processing plant constructed at Tyseley, with preparation for infrastructure development underway

· Hydrogen Processing of Magnet Scrap (HPMS) vessel targeted for factory acceptance test and available for delivery by end of February 2025

· Completion of infrastructure developments and first production from Tyseley targeted by the end of April 2025, with ongoing pilot production enabling delivery of products to customers in advance of this

· A video from the Birmingham Centre for Strategic Elements and Critical Materials featuring the patented HPMS technology, developed by Birmingham University Magnetic Materials Group and exclusively licenced to HyProMag, can be accessed via the following link: https://f.io/5D2MmYzd, with powder processing plant (constructed) and HPMS vessel (under construction) shown below.

I think the last main Tylesley update was in the September seminar. Equipment commissioning Q1 2025 subject to infrastructure basically. Q&A particularly around 36' .

Good time to update now imo. I might have missed something in the interim though.

https://youtu.be/L7cgiE7f9sM?si=JBjsxkHqLMfcMsX2

A meaty Tylesley update would be v welcome. I wouldn't expect major news which would require an RNS. But it would be nice to hear if the infrastructure's complete? Is the HPMS vessel built and delivered? (Probably not commissioned yet).

And some magnet production volumes, sales and projections figures.

Looks like Trumpy will move immediately on tariffs but progress gradually.

Yes Allan Walton's behind Reemelt.

Hypromag's website listed projects are - REAP, REEsilience, Scream and RaRe.

I'm not a techie but HPMS still strikes me as a (maybe the) leading tech in the space, with complementary short- and long- loop processes. Whole greater than the sum of the parts. Commercial in time we hope.

Complementary tech being commercially optimised.

Both long-loop and short-loop recycling technologies are underpinned by the patented HPMS technology developed at University of Birmingham, which liberates magnets from end-of-life scrap streams in a cost effective and energy efficient way to produce a recycled NdFeB alloy powder, which is manufactured into a magnet (via the short loop process) or into a rare earth carbonate or oxide (via the long loop chemical process).

The long-loop recycling route is used to process NdFeB HPMS powder not suitable for short-loop recycling or for the processing of magnet swarf (i.e. the powder produced from grinding and finishing magnets).

I recall the main difference is Ionic use only chemicals/solvents. Hypromag uses hydrogen.

The perception (rightly or wrongly) that chemicals are always inherently environmentally unfriendly (as opposed to lovely hydrogen) helps Hypromag.

It's a good sign that RIO have seen fit to partner with SVML in Malawi.

Yes an interesting article. Grain Malunga is sensible imo, an ex-minister and ex- Paladin Kayelekera exec I think. Seen both sides.

The article seems in part to be looking forward to the future mining licence/mining development agreement negotiations with the government, which would detail the fiscal regime, fx provisions, national/local royalties, local benefit obligations, options for the government to increase its equity stake over the 10% etc. Any local stock market listing requirement would be fair and has been part of other recent Malawian project permits.

The recent changes to the Malawian legal and regulatory frameworks for mining projects will throw up opportunities and teething problems for government and stakeholders, but hopefully improves things for everyone. Doesn't sound like the National Mining Company's doing a good job yet though. Or the MoM. How important might that be I wonder. Hopefully not endless delays and bureaucracy. Opaque approach and corruption still lurks but perhaps less so nowadays.

I'm not sure why Kayelekera gets mentioned as a concern. Ancient history surely because Lotus have recently renegotiated the MDA so the historical problems there are sorted now. Also Globe and Mkango have received their MDAs under the current reformed mining regime too. SVML's might be easier. Should be similar.

Malawi's still a difficult jurisdiction so's the process. Svml/Rio should be able to get a fair result hopefully.

And the Malawian government departments and institutions have basically just got to get it right. Malunga doesn't seem too confident though. Malawi needs to be grown up, commercial, fair not greedy in the MDAs. And move faster. Other foreign miners have paid for Malawi to get independent professional advice so in theory there shouldn't be too many stumbling blocks to a good balanced result for all.

What Malawi does with its take from these mining projects, and how, is the other point and v important. They must sort it, it's entirely up to them. But it mustn't delay the projects themselves progressing with their MDAs and permits. Malawi need the projects and the revenue desperately.

Https://www.nyasatimes.com/editorial-kasiya-mining-opportunity-does-govt-have-capacity-to-create-wealth-from-it/

Posting here as well as on SVML because some read across to Songwe.

Https://www.nyasatimes.com/editorial-kasiya-mining-opportunity-does-govt-have-capacity-to-create-wealth-from-it/

The proposed nasdaq spin-and-spac is very much for the specific Songwe and Pulawy operations though. A "vertically integrated global pure play rare earths platform". An additional US separation plant in time though?

Ok to keep HQ in Canada once it's annexed?! 😬

And how about re-naming it Hypromaga?

It's Friday...

2 new names for sure.

The listed nasdaq co, and a re-named Mkango for the recycling business.

Maybe not quite so tub-thumpy as your suggestion cyberbub lol!

Take advantage of the AIM discount and buy imo.

Let the iis and other investors wait and pay more for a nasdaq listed company's shares if they want. I'm sure it'll happen.

Longer term I'd also see a move to the main (or other) market for the MKA exclusive recycling business anyway. Escape the AIM doom loop as soon as possible once the business matures, if being on AIM's just pulling it down.

Indeed moving v quickly. Hang on your hats and shares.

Https://www.lindianresources.com.au/asx-releases

There seems to be good interest funding these Malawian projects. Here's Lindian's RE project news today, a mix of equity, debt and offtake with Gerald ( a metals trading house).

Lotus have recently raised fully for their uranium project, and Sovereign have RIO aboard.

Wonder how Songwe will pan out 🤔

Someone actually exercised their 30p warrants...

See what management and Cohen come up with, but having held MKA for a few years, I wouldn't be sorry to see the back of Malawi now.

Latest problems:

https://www.news24.com/news24/africa/news/malawi-gets-help-from-sweden-netherlands-as-it-struggles-with-fuel-and-forex-crunch-20241213

Getting into bed with (or outright sale to) someone with deep pockets and big balls like RIO is perhaps best.

BBC News - How a uranium mine became a pawn in the row between Niger and France

https://www.bbc.com/news/articles/czjd70mzge2o

Interesting article although it should include the solution ie the Spanish government just needs to permit Salamanca! It really is that simple and obvious. The Niger situation further demonstrates how self defeating the current Spanish government's ideological stance is. More global warming and funding of despots for now.