Member Info for jimb2

@Bannor

"Now if it was our mysterious (cough cough) offtaker who wanted to take 15% of the company via a placing for a reasonable price I'd probably go for that 👍🏼😁"

Stalling the transfer of funds and hence the mobilisation at Azteca has given them a cheaper entry!

Well @Bannor, I' voting in line with your suggestions, it appears the July AGM is to get the voting done prior to the issue of the operators license at that point the cost of increasing KDNC holding in the JV may be substantially higher - but I'm not chasing that big carrot - I 'm against any dilution given as you mention Sonora and Azteca should be funded.

If they see raising funds a a strategic benefit and give the reason then I might consider, I would also like to see the board voluntarily reduce their options before any fund raising.

@Bannor,

just a little at 5.87p 25,281 £1,489.99 to round up - couldn't see below 5p showing all day - I'm a little surprised if the focus was on the annual report for the period up to 31st December 2025, seems people are ignoring the progress this year if so.

I'll take £10K at 5p -this is the annual report that has the come before end of June and covers up to 31st December 2025 - AIM rules:

The relevant rule is Rule 19 of the AIM Rules for Companies – Annual accounts.

"An AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate."

Ironically, there's often an RNS shortly after ----!!!!!

Well, the state as we know are keen to develop across all sectors:

https://agenciaamapa.com.br/noticia/35826/governo-do-estado-atrai-empresas-estrategicas-para-fortalecer-cadeia-de-petroleo-e-gas-no-amapa

The visit reinforces the strategic moment Amapá is experiencing, as it consolidates itself as one of the most promising territories for new investments linked to the oil and gas chain. With the actions of the State Government and the continuous work of attracting investors carried out by the Amapá Agency, the state is advancing in preparing its infrastructure, logistics, and business environment to meet the demands of the sector.

Surveys conducted by national and international companies indicate that Amapá is one of the world's new energy frontiers, strengthening the prospect of job creation, income generation, and sustainable economic development in the coming years.

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it's a changing world, Brazil is a great the place to be for a AIM minor with a project that is near execution that helps secure the wider Amapa Iron Ore

GLA

Another stray dog?

"My wife stopped asking how the portfolio was doing because she knew the answer. I was embarrassed, angry, and completely lost"

You sure you're wife was commenting on bad performing 'Stock'

Together with Tucano good / Starboard we have rigid environmental monitoring, with a very strong emphasis on protecting waterways, absolutely zero concern on that event having any impact to Azteca.

Missed this off,

Core has now announced a binding agreement to acquire 100% of Charger's interest in the Bynoe Lithium Project (EL30897). The consideration is:

A$3.75 million cash on completion.

A deferred A$1 million payment upon a Mineral Resource Estimate.

A 1% gross revenue royalty capped at A$10 million.

Core Lithium ground appears to be very close to, and in some cases adjoining, EGI's Bynoe tenure within the broader Bynoe Pegmatite Field southwest of Darwin.

The Bynoe district is relatively compact. Core's existing Finniss deposits (Grants, BP33, Carlton, Sandras, Hang Gong) sit within a corridor only a few kilometres wide, and several junior explorers including EGI, Charger Metals and others hold or have held neighbouring exploration licences around the edges of Core's land.

Seems lithium is becoming very hot again, just for nostalgia!

Again AI, but sees a reasonable expectation,

From an investor's perspective

The key point is that the case is progressing normally and has not been delayed or suspended. The Tribunal is actively managing evidence gathering ahead of the later written submissions and eventual hearings.

For the Sonora lithium dispute (ICSID ARB/24/21), the significant milestones to watch next are:

The Tribunal's document production decision.

The September 2026 merits submissions.

Any ruling on Mexico's consolidation efforts.

Scheduling of hearings expected during 2027.

So, this June 13 entry is essentially saying:

"Both sides disagree about what evidence should be disclosed, and the Tribunal has now been asked to decide."

Plus asking the question how has ICSID dealt with the Mexican governments attempt to stall:

ICSID has not allowed Mexico to slow the case down much.

So far, the tribunal has dealt with Mexico’s delay-type moves like this:

Mexico asked to split/bifurcate the case

The tribunal rejected that in full, saying bifurcation would not improve efficiency and could delay the merits stage. It ordered the case to continue under the normal timetable.

Mexico asked to suspend the arbitration

The tribunal rejected the suspension request and told the parties to keep following the procedural timetable.

Mexico tried again using the consolidation process

Mexico argued the new consolidation tribunal meant things should pause. The tribunal said this was not persuasive, did not amount to a change of circumstances, and did not excuse Mexico from complying with the timetable.

The tribunal kept the timetable alive

It specifically ordered both sides to comply with “Scenario 2” deadlines and negotiate hearing dates.

My read: ICSID has been firm. It has allowed Mexico to raise jurisdiction/consolidation points, but it has refused to let those points freeze the main Ganfeng/Bacanora claim.

AI interpretation, So, this June 13 entry is essentially saying:

"Both sides disagree about what evidence should be disclosed, and the Tribunal has now been asked to decide."

I'm hopeful that the ICSID settlement should easily cover our current MCAP.

The G7's critical minerals initiative is essentially trying to reduce Western dependence on China for key minerals such as lithium, rare earths, graphite, tungsten, cobalt, nickel, gallium and antimony, which are vital for batteries, electric vehicles, defence equipment, semiconductors, wind turbines and advanced electronics.

In not for educational purposes, strange response, are you bored with life?

Https://www.reuters.com/world/americas/trumps-critical-minerals-pricing-plan-faces-skeptical-g7-divided-industry-2026-06-15/

Yes, I'm surprised there's no PR with the mobilisation, it may come over the next couple of days / if not it could be they are (1) hitting delay issues or (2) A potential buyer/JV wants to take control of operations (3) & (4) feel free to add.

@Scaffmab,

As someone who follows mining and battery technology, I'd put Donut Lab in the "extraordinary claims require extraordinary evidence" category rather than writing it off completely. The story isn't settled yet, but the burden of proof is now very much on Donut Lab.

Brazil is hot for investments,

Well, I hope this continues for them, hopefully treat themselves to a nice bath/shower or if we hit big maybe a spa in a nice resort somewhere,

@Bannor,

that was my first conclusion, by realising the funds it places the Amapa JV in a stronger position to secure a deal elsewhere for the full project , well as far as we know there doesn't appear to be anything released saying the off-take partner is interested in the wider project or that any agreement exists.

! as far as we know!!!

That may have changed over the course of May, the funds were released Monday and we get the RNS midmorning Thursday - could it be we have some ink drying?

Look at all the attention the Amapa Minerals project is getting and the people behind that project, i'

FOMO -