Member Info for GLR1990

There's also three projects located on or very near to HyProMag Germany, however they are not listed as 'recycling'

there's an interview with a Finland news source that says 'rare earth recycling project' however not sure if they are talking about finland..

What's the big Q's at the moment guys?

Am right in the following

1. will Tefler AISC be ~$1500

2. will production volumes be maintained or better yet higher at ~350K pa annum (ounces)

3. Sign off debt facility for Havieron (as currently non binding)

We get the three above completed and its 15-20p+

And of course keep gold above $3K but we dont have too much control over that!

Could be warrant holders (if they can get enough which I doubt)

e.g. £250K in warrants at 7p / 3 year expiry

take a small, increasing short to hedge the warrants as we go up in price

Nothing too wrong with that if it is the case, although id rather just cash in the warrants - or better yet stop worrying we have all bases covered, relax!

I think it has to double W.O.S

If it doesn't then surely someone will buy us outright, for a really low ball offer

I mean between MP, USARE etc. they could pick us up for pocket change and we have assets that they could likely obtain monster valuation uplifts for very quickly

Certainly looks like the stars are aligning and the next couple of months here could be blockbuster

That was a good chat with JT, agree he looked both excited and bemused at the current valuation given to all of the projects, but especially the HyProMag US Project

Good that he was also very aware of the USARE project and how they operate, clearly done his homework and said we ar better on almost every metric

Truly is absurd that we can almost mock a $1bn company with our technology, remaining humble of course.

Also truly incredible that Cohen and Co acted as exclusive advisors for USARE

The precise tole they were appointed for MKA Songwe and Pulawy SPAC back in November

Could not be in better hands.

Sounds good to me

I would advise reading the discussion I posted, there are some incredible snippets at the end during the Q+A which talk about government support

They mention their production equipment will be sourced form Hitachi, and to produce a magnet will cost ~80-100$ per KG, however they stress that the current admin has 'come out of the gate' with huge support and they expect a tax credit of $20-30KG

If our AISC is below the tax credit, then our valuation could be way north of $1bn+

We could be looking at one of the biggest success stories every to come out of the UK small cap market space!

Regardless, #MKA should be trading at 30p+ based on potential alone, to be trading at £38m market cap is beyond absurd, and arguably the cheapest it has ever been during its entire lifecycle, even when we hit 2p during covid with 5p share value in the bank!

Wow that is absolutely insane

Just read the review: https://s3.amazonaws.com/sec.irpass.cc/3026/0001213900-25-014246.pdf

They clearly state the valuation, as hard as it was to believe. $800m rising to $1.5bn last week post IPO.

They are targeting 1200tpa initially, and looks to be quite soon, perhaps hence the race to invest, but still at $1.5bn with Cotec looking to push a similar amount in 2 years time, not to mention 1000t/pa over here in the UK/Europe potentially starting this year, we could very easily command a similar valuation if we can get this information across to market.

How do we package up HyProMag UK/US together with Songwe and Pulawy? I am sure Cotec will be interested now that we've seen an almost identical listing / project play out at a valuation north of $1bn.

Always knew JT was a man to trust!

Danger is our technology gets an offer we 'cannot' refuse

How many SH would accept £150m today no Q's asked, that's a 3x return almost from here and you can keep Songwe...

Risk of a buyout now seriously on the cards.

Personally I am more than happy to wait for £1 share, but if/when the market finally gets wind of the tremendous value on offer here, at £38m market cap we are sitting ducks.

Is it $1.5bn or $90m :-)

Says $1.5bn on Yahoo/Google finance but they can get the market cap wrong, all the articles say 70% up at a valuation of $91m USD?

More 1m trades, someone getting out.

Good to see a buyer step in each time, once cleared we should be back over 2p

Anyone know when this talk is with smallcappix?

Never nice to see a delay, but it is only 3 months

The updated DFS for Songwe, the last one was done at the peak of RE pricing, and I mean the absolute peak! So its not only outdated, but its wildly incorrect on almost every single metric.

However the updated DFS for HyProMag has been phenomenal, Cotec have assisted us greatly.

A 3 month delay for production in the UK isn't too bad considering we raised a considerable amount, yes it does mean increased costs, but we are nicely covered for a good while yet.

As mentioned, the CFO bought at 11p and must have been aware of timescales. The Market is really ripe for investment, and we are as strategic and green as you can get, so still a formidable investment case IMO.

The Co2 update was another box ticked, governments are running out of reasons not to invest!

Yes we have to wait a few months longer, but we should be trading considerably higher before the summer comes, and I am OK with that :-)

Reminds me of SRB thats one of the reasons I am here

Delays, issues, debt etc. but behind the scenes you could see it was improving and about to turn a corner, for what its worth I believe GRL has already turned that corner but it always takes the market ~6 months to pick up on transitions as such.

So hoping for a repeat here, SRB has been an enormous winner, IMHO GRL will have to do a lot wrong (or come up against a considerable amount of bad luck) for a repeat not to be on the cards

Could this really be a 10x or 50x investment?

Data Centres are the new 'thing' which consist of thousands of HDD and GPU's, each HDD contains NdFeB Magnets

Mkango has a technology to extract and recycle the NdFeB magnets, as we know

But we also have a partnership with Iserma to cut out and extract the part of the HDD which needs recycling, efficiently and cost effective

IMHO we need to purchase Iserma, we should enquire how much it costs and if need be, raise additional funds to complete the transaction, or better yet, when EnviPro finally want a slice of the action, they can give us the funds for Inserma in return for a perhaps a larger / majority stake in the Japanese / Asian Recycling plant (or plants)

With AS as chair I believe this will do well, in a way its a bit of a reset raising so much at a discount, minus all the listing costs of setting up a new co, raising at 0.25p for £4m (ish) is a more streamlined and simpler way of doing it

Lots of cash, hopefully some solid Newsflow, and I am sure they wouldn't have brought AS on board unless he had some good contacts, so would expect partnerships to evolve from this, lets hope they are material.

Whats next big news?

Moving to pit1 and hitting that 1K ounce target RNS?

Suspect that could be issued before Y/E, would be lovely.

Still cant believe they managed to clear a 16% CLN holder, quite impressive in a matter of weeks.

SP is up ~25% this week, so the market is warming up, but you can also see why those paying less are cashing in a healthy profit.

As long as production remains positive, this should run into the 2's in the next couple of weeks, albeit with the odd down day where investors like to cash in.

A gold producer for £11m at all time lows due to an aggressive 16% seller, what an opportunity this could be.

Gallmat you have to go further back to answer what has changed

RE prices have been supressed for many years, trade wars cooled under biden but the issue of securing RE's was always there, now Trump is back in power, RE's are back in focus again.

Trump is also creating conflict (trade) with China, who could at any moment put further restrictions on rare earths.

Investment in the sector is heating up, not to mention Nd prices are up 11% in the last couple of weeks

33% of Songwe basket is Nd, which at its peak made up 66% of the entire value of Songwe. So any rise in Nd makes a monumental difference to the value of Songwe Hill.

The products we recycle, also contain Nd (NdFeB magnets) therefore the produce from recycling has increased considerably over the last couple of weeks.

We have always believed the co. to be undervalued, we currently sit at £39m market cap

Cotec paid £3.5m for 20% of Maginito nearly 3 years ago, that was a face value investment of £17.5m USD (£14m net to MKA)

It's safe to say that investment has surely at minimum, doubled in the last two years. We have fully funded Germany, the UK and have a great partner in the US who have already spent millions on the DFS.

Songwe always held strong value, but the very lengthy MDA negotiations resulted in many investors *like myself* completely writing it off, however its not out of the Q for Songwe to be worth $100m+ (especially when combined with Pulawy)

So ultimately, a lot has changed, from the highs of 1000K+ Yuan ND Prices, to the lows of 400K, Mkango and its assets have already reached major infliction points, which is deserving of the recent rise to 11-12p. The next steps, to begin production, sign offtakes and achieve a listing for Songwe. If we can pull that off, then 25-30p should be available in short order.

Whoops that's super important right now, so yes thanks for the correction

It was the US DFC

Be interesting to see how the board changes at the DFC now, considering a member of USAID was sitting on there, and not many republicans.

In November 2023, the USAID granted TechMet a $50m Investment

https://www.businesswire.com/news/home/20231201346504/en/TechMet-Receives-further-50-Million-Commitment-From-U.S.-International-Development-Finance-Corporation-at-COP28

Shortly afterwards (in a matter of days) they put the $50m in Phalaborwa, Rainbows RE project as an 'option' for a stake of 15-33% (estimated post DFS etc.)

https://www.techmet.com/rainbow-press-release-8-november-2023/

This gave the Phalaborwa project a valuation of ~$150USD Minimum, ~$330mUSD Maximum

So it would be a little disappointing, albeit still hugely rewarding, if Songwe / SPAC listed for less than $150m USD, and Ofc it would be disappointing if a large player, like TechMet et al. were not involved in the listing.

It's almost not feasible that such as listing could take place without their involvement, considering they have invested great sums in very early stage projects, some even without a DFS or permit.

As you say, the RvR is on another level here.

Nice chat with Julian via the 6iX investor webinar today

Said the HyProMag US projects will be obtaining government funding first, so they can work out how much they will need to dilute etc. Sounds like HyProMag US will be funded very shortly.