Member Info for jimb2

What is meant by full production?

And additional financing?

I wonder how they might bring production into play sooner?

Therefore, Ganfeng believes that taking full ownership of Sonora, and the re-registration of Bacanora as a private company, will provide the certainty and flexibility necessary for Ganfeng to commit to the additional financing and development required to realise production. Ganfeng's ownership is also expected to simplify the overseas direct investment approval requirements for Ganfeng to commit further funding, potentially shortening the time required to realise full production.

Hanwa have 2023 in their MTP for their first 18,000 t of LCE - engineering design has not been published as expected during H1 - of course the full buyout was end of May so Ganfeng under no obligation to give BCN the details.

http://www.asianmetal.com/LithiumPrice/Lithium.html

99.5% lithium carbonate delivered EU, US and China up nearly 25% in the last 30 days and overall products flying.

Count down to COP26 with new policies and $bn's to overcome climate change, the world is experiencing catastrophic events that cannot be ignored,

Well your post at 23:45 - 11:45pm took five minutes to show!

DizzyG and the Wolf of Wallstreet might be intercepting posts to manipulate views - now that's feasible - will RNS's come through at 7:05 and trades be five minutes delayed?

Must be something very big happening ;-)

Strangerstill,

you might find this interesting,

https://www.linkedin.com/pulse/lithium-2019-dazed-confused-joe-lowry

Ganfeng plays the long game -

https://www.sharesmagazine.co.uk/article/bacanora-is-batty-for-lithium

Mine builder

Bacanora hopes to produce 35,000 tonnes a year of lithium carbonate. The appointment of Secker is interesting as it implies the company isn’t going to sell the project once the studies are complete, something that Rare Earth Minerals may prefer given this would be the easiest way to make a quick buck on its investment in Bacanora.

The CEO’s skills lie in building mines, most recently developing a lithium project in Quebec when he ran Canada Lithium. ‘We paid $400,000 for the asset and then raised $350 million and built the mine.’ The company was acquired by Sirocco Mining, subsequently called RB Energy before it went bust after failing to raise extra cash for working capital.

Just reminiscing - the landscape has changed!

lithium prices rising despite the negativity around the global chip shortage, perhaps they would be even higher!

johnpwh, many lth's will have holdings in KDNC so still of interest what Ganfeng plans to do in Mexico, they have already announced they're contemplating a battery recycling plant and battery factory in Argentina, plenty of car manufacturing going on in Mexico a local source of lithium must be critical to Ganfengs customers.

The coming weeks could be interesting for KDNC on several fronts.

I share the disappointent of BCN holders with the giveaway price but hope KDNC sees a decent offer if Ganfengs decide to do so!

@Bannor, 2017 - Hanwa:

https://www.hanwa.co.jp/en/news/201704132735/

With an eye towards the rapidly accelerated demand growth in lithium-ion battery market, Hanwa has built up a solid platform with battery-related customers over the past years through supplying a broad spectrum of feedstock for rechargeable battery products, and this time decided to participate in this project in the view of securing essential lithium resources to meet customers’ growing demand. Under BCN, Sonora Lithium project holds outstanding lithium deposits with significantly low amount of impurities, consisting of unique type of ore, **so-called**, clay, and with the full use of it, Hanwa seeks to establish itself as a new lithium supplier in this fast-growing market and fulfill a stable supply obligation towards our existing and new customers.

The first major investor had doubts on the classification?

, in addition, that 5 out of 7 of the Sonora Lithium Project leases are held in 70/30 joint venture with Cadence Minerals plc; and, (iii) the Company's global listed peer group;

BorderBob.

I was alluding to the product and end use as the BCN video covers that Hanwa spent 18 months doing DD on the production and quality from Sonora before taking an interest of 10% and off-take agreement and needed to be sure the product would meet requirements for batteries being developed in five to ten years beyond the initial supply starting, and so that must be Solid State using lithium metal as that's were the R&D is focussing.

Of course Ganfeng already had interest in clays through Lithium Americas - why they didn't pursue this further must obviously be due to China US relations, still it might laso be down to quality although 99.9% battery grade is available from many sources that 0.1% can be a factor in the suitability when it come to the chemistry for the end product.

Ganfeng know the Thacker Pass clays very well!

Thacker Pass:

https://www.globenewswire.com/news-release/2018/06/21/1527699/0/en/Lithium-Americas-Announces-Preliminary-Feasibility-Study-Results-for-the-Thacker-Pass-Project.html

“Thacker Pass is an important complement to our Cauchari-Olaroz lithium joint venture currently under construction in Jujuy, Argentina. The PFS reflects the substantial synergies and value realized from leveraging the talent and operating expertise of our largest shareholder, Ganfeng Lithium,” commented Tom Hodgson, CEO of Lithium Americas. “As a large U.S.-based lithium project with strong economics, we expect Thacker Pass to attract significant strategic partnership opportunities to accelerate the path to production.”
Collaborated with Ganfeng Lithium to develop and test process flowsheet. Flowsheet developed and tested with support from Ganfeng Lithium’s technical team and facilities to produce Li2CO3 from lithium-bearing claystone at an average recovery rate of 83% using conventional sulfuric acid leaching.

Borderbob,
Quality will be a factor especillay as the development of Solid State batteries is fast underway.

30 seconds will explain why

https://youtu.be/3ZyBjwKhxzQ?t=345

And Ganfeng are heavily invested in Solid State battery development:

https://min.news/en/auto/88680d9d1b399c5591296725c93d384a.html

it is predicted that by 2030, the global demand for solid-state batteries is expected to reach 500GWh, which is conservatively estimated to form a market size of more than 300 billion yuan.

Hanwa were expecting production 2018-2019 so I'm not sure if that's why they reduced their holding but in their MTP they now mention 18,000t/lce from sonora in 2023.

Shame we didn't get a mention in the mining.com article, I do believe investors would be interested in KDNC with the JV and other assets with the added appetite and deep pockets Ganfeng has shown in recent months.

for Ganfeng to commit to the additional financing and development required to realise production. Ganfeng's ownership is also expected to simplify the overseas direct investment approval requirements for Ganfeng to commit further funding, potentially shortening the time required to realise full production.

It would be really simple if they owned the JV's - I'm hopeful our offer will come soon after the full BCN approval finalises

Bacanora Lithium accepts Ganfeng’s $391m takeover offer - MINING.COM
https://www.mining.com/bacanora-lithium-accepts-ganfengs-391-million-takeover-offer/

yes, I agree Legalease,

Ironically I was coming off the course today just after four when I noticed the RNS, well I was more focused on the great game I'd had with the Taylormades paid for from the profits I made picking up ROS's sell at 17p a little while back, luckily I had a decent mobile linh so added 11,097 more at 4:26, ROS you are now responsible for me adding 66,097 above my intended max.

EV_Bull,

there's countless posters who started posting over those few days Nov 16th to 20th last year, I do believe LSE purged a number of accounts around that time but they caught a number of people out by restricting accesss to reading BB's without logging in and therefore some had no choice but to create an account to view, this lasted a few weeks but now it seems no login is needed.

I do agree some posters here are multiple account holders and yes many accounts are from those dates, I'm not sure that's enough to be conclusive but I do doubt anyone claiming to be a long term holder with only recent history.

I Filter when in doubt after seeing the usual trend develop, not to the degree Ivybush does but I'm adding all the time ;-)

As I mentioned last week that everyday something pop's up that gives me confidence lithium and other battery materials are the cusp of great gains - Chinese Iron ore mining company shifts to being a lithium hydroxide producer because of price rises and logistics of sourcing spodumene from Australia:

https://www.nsenergybusiness.com/news/hainan-to-invest-in-lithium-production/#

with 18 months to completion they must be confident of sustained prices and with 20,000 ktpa target, get on the phone Kiran!

https://www.reuters.com/world/europe/exclusive-eu-considers-help-rare-earth-magnet-production-sources-2021-08-23/

Nice short read!

No assumption made Noob67,

The growth in EV's could see circa 30% decline in oil demand in the next five to ten years -

Here's a great site to see where lithium prices are heading:

http://www.asianmetal.com/LithiumPrice/Lithium.html

I'm of the view that oil prices will decline to the point where sub $25 dollars production costs will be needed to survive, any new ventures now are already stranded assets IMVHO unless they are sub $25.

COP26 will be defining - fossil fuels are no longer the cheapest and most certainly not environmentally inline with whats required to halt climate change -

https://www.irena.org/newsroom/pressreleases/2021/Jun/Majority-of-New-Renewables-Undercut-Cheapest-Fossil-Fuel-on-Cost

https://www.greentechmedia.com/articles/read/almost-all-new-us-power-plants-in-2021-will-be-carbon-freeAlmost All New US Power Plants Built in 2021 Will Be Carbon-Free
Federal data reveals that natural gas will supply just 16 percent of new power plants this year as cheap wind and solar power take over the market.

https://www.mining-technology.com/news/company-news/blackrock-plans-close-coal-power-stations/

https://www.forbes.com/sites/davidrvetter/2021/08/09/oil-prices-drop-as-climate-experts-stress-human-causes-of-global-temperatures-rise/?sh=23ba6e773045