Member Info for hyper-al

Long-term I don't think we will have problems with funding our Swedish operations once we have done a little more work news.cision.com/grangex-ab--publ-/r/grangex-signs-a-usd-10-million-royalty-agreement-and-a-binding-term-sheet-for-an-offtake-agreement-w,c3727817

Don't underestimate the potential of our Swedish minerals. Google translation from swedish "Grängesberg Exploration has signed an agreement with the British mining company Anglo American regarding the planned restart of the Dannemora mine. The agreement covers all production during the life of the mine and also includes a royalty agreement." Quote from www.di.se/live/grangesberg-exploration-i-avtal-med-brittisk-gruvjatte-kring-dannemoragruvan/ published March 2023

Also note that green steel production requires grades higher than 65% and the higher the better, so Grängesberg is very well placed to supply the new green furnaces (hydrogen etc) being built in Sweden and around the world.

The missing links for my first post

Link one - www.globalminingreview.com/mining/16012023/anglesey-increases-stake-in-swedish-iron-ore-mine/amp/

link two - www.grangesbergexploration.se/en/operations/grangex-apatite/technichal-reports/

Some crazy prices for rare earths can be seen here www.metal.com/price/Rare%20Earth/Rare-Earth-Oxides

Shame my links were removed!

I have just recently invested into AYM. I have been out of the stock market for many years, but could not resist AYM after doing some research.

I have in the past invested in AYM for it's Parys Mt assets. In fact it was one of my first investments in the stock market back in the 1980's when I worked in geophysics and even did some work over the Parys Mt site. I also made some good gains from the Labrador Iron Mine days.

Well I'm back again. This time its all to do with Grängesberg. Obviously the Iron ore deposit is the target and certainly worth going for, but what I am really excited about is the Apatite and associated Rare Earth Elements (REE), these will be byproducts from the Iron Ore extraction.

AYM reports that the mine when previously opened produced Apatite I quote "Previously, revenue was also generated from the sale of apatite concentrates (17 – 19% P) produced from the tailings stream. While the PFS indicates potential apatite production of 210 000 tpy, no sales have yet been included in the financial evaluation. This product also contains elevated rare earth content." source [LINK REMOVED] .It gets better according to GRANGEX Apatite who are planning on extracting Apatite and maybe Rare Earths from old mine tailings in Grängesberg from historic mining states "When processing the tailings for Apatite, the REE in those mineral follows with to the product(Figure 9), resulting in appr 0,8 % REE in the Apatite concentrate. Grängesberg is now in dialogue with possible Apatite customers regarding extracting of these elements from their downstream processing. One of the possible customers, Yara, is known to participate in Rare Earth extraction through the EU-funded SECREETs program." see section 4.1.3 in pdf link 'Jan-Matts Tailings Dam - Scoping Study' on this page [LINK REMOVED] also section 4.1.2 about value of Apatite like "$150" per ton! That's $31m just for Apalite byproduct.!

A simple calculation would suggest that if the Apatite occurs as PFS states at 210,000 per year and percentage of REE to Apatite is 0.8%, then that is 1,680 tons of REE per year.

So income from Iron, Apatite and REE. Just look at the REE deposit that made the newsrecent near Kiruna in North Sweden.

These OLD mines have a lot more value in them these days! Waste is not wasted.

Lets hope when we do more drilling at Grängesberg we make sure we do geochem for REE, if we find hot spots like at the Kiruna Iron Mine we could find that there is more value in the REE than the Iron.

Anyway that's some of my research, comments welcome!