Member Info for jimb2

KM already stated back in January they are already in discussions developing relationship with possible JV/off-take partners and to fund the DFS that being his focus over the next six months.

Https://cnevpost.com/2023/06/08/tesla-asks-chinese-suppliers-plants-mexico-report/

Tesla is asking several Chinese supply chain companies to build factories in Mexico in order to replicate a Giga Shanghai and its supply chain system there, according to local media

Tesla's pace is urgent and suppliers could lose orders amounting to hundreds of millions of yuan if they don't respond in time, the report said, citing a person familiar with the matter.

possibilities for Sonora?

Https://asia.nikkei.com/Business/Materials/Mexican-president-eases-pressure-on-China-s-Ganfeng-Lithium

One wasted year,

https://mexicobusiness.news/mining/news/first-majestic-secures-provisional-amparo-against-mining-reform

https://www.infobae.com/mexico/2023/05/25/eeuu-y-canada-han-sido-muy-corteses-con-los-desplantes-de-amlo-afirmo-ex-secretario-de-la-4t/

A picture paints a thousand words - that stare!

Urzúa also highlighted the opportunity that Mexico has, and that has been undermined by President López Obrador, with nearshoring (the strategy with which a company seeks to move part of its production to be closer to its final destination).

“We have a very large window of opportunity with the relocation of companies that could give us a great boost and really lead us to being a first world country, but these reactions from the president scare investors, both foreign direct investment investors and portfolio investors. ”

Https://www.britishracecourses.org/horses-after-wind-surgery/

LOL

A little suspect to me Beraz, I think the people close were in for the 40/1 hit,

Wind surgery and recovery plus change of yard:

https://m.attheraces.com/form/horse/Beraz/FR/3298571

BEM is a better bet.

Interesting Q&A's

https://mexicobusiness.news/mining/news/lithium-mining-could-be-reality-2024

FOMO

My thoughts are FOMO scaled up to a country largely dependant on the auto industry without a lithium resource on the horizon who are heavily depending upon nearshoring to be a player in the NA auto industry.

The window of opportunity!

Canada is doing very nicely and the US have big bucks at hand, talk about the three Amigos - I think the three little piggies is more appropriate.

Let's see if La Ventana news comes in the next couple of weeks and is positive.

Https://www.reuters.com/markets/commodities/australia-gets-us-backing-critical-minerals-industry-2023-05-22/

Considering Joe Biden was preoccupied with issues back in the US that announcement should be considered significant, and from that article from May 22nd:

Forrest told Sydney radio station 2GB. Forrest has stakes in critical minerals processing, solar and wind, is becoming a major hydrogen producer through Fortescue Future Industries.

Australia is set to announce a national strategy for critical minerals processing shortly, the Australian government said last week.

Let's see how this reflects on HAS when it's fully understood🤔

And not forgetting the US and Australian plans, could we see the end product being produced in Aus:

https://www.afr.com/companies/mining/forrest-pumps-150m-into-rare-earths-aspirant-20220826-p5bcx8

So Sonora and Cinovec could land in there very short term,

Good video from Keith Coughlan.

Https://us5.campaign-archive.com/?e=e4abac6c06&u=6cc38f730035ae0a04d99359c&id=6e000ccdff

Https://www.bbc.co.uk/news/business-65321487.amp

Just Popped by to see if the day of judgement is near.

Not much news on lithium projects coming onboard anytime soon in Mexico other than La Ventana being a short term possibility

https://expansion.mx/empresas/2023/05/09/primera-produccion-litio-sexenio-2028

Taddei refuses, again, to give more details about the talks because he affirms that they are private, but says that there are at least five in progress and that before the end of the first half of the year there could be an announcement about what will happen to the deposit in the La Ventana ranch, in Sonora, the site in the country that already has the most advances for the production of the metal and whose works have been led by Ganfeng Lithium.

And still Ganfeng have an appetite to grow:

https://www.reuters.com/article/leo-lithium-agreement-ganfeng-lithium/australias-leo-lithium-signs-deal-with-chinas-ganfeng-lithium-to-raise-72-million-idUSKBN2XJ0J7

And they have $1bn on the table that I'm sure they could invest elsewhere.

I have set my expectations low but hope Ganfeng make their intentions known!

And of course, in March the Japanese consul visited the Sanatana port and Pedra Branca and coincidentally that’s the beginning and end of the Iron Ore journey by rail!

The Company's president, Edival Tork, considered the presence of Morita Satoshi important.

And at that time:

http://www.al.ap.gov.br/pagina.php?pg=exibir_noticia&idnoticia=22945

as well as the State Secretary for International Relations, Lucas Abraão, were present. Presenting opportunities for partnerships and spaces for approximation between Japanese investors and local economic segments was the objective of the meeting.

Satoshi declared that he was surprised by the warm welcome. "I want to celebrate the state's migrants and present the scholarship system in Japan," added the consul, who also has an agenda this **Thursday to visit a mining industry** in the city of Pedra Branca. Under the demands put forward by some parliamentarians for investments in the state, Morita Satoshi asked for official data to present to the Japanese government.

*The Japanese government

https://www.marketscreener.com/quote/stock/CADENCE-MINERALS-PLC-65289625/news/Cadence-Minerals-Plc-Pre-Feasibility-Study-Delivers-Robust-Economics-for-the-Amapa-Iron-Ore-Projec-42658530/

The port site in the municipality of Santana is located 90 km from the mouth of the Amazon River. The nearest populace centre to the Amapa mine is Pedra Branca Do Amapari, some 10 km west, with the larger conurbation of Serra do Navio 18 km to the northwest

@Dallasdaz,

Am I being too optimistic based on what was said in January?

Very worthwhile listening to again, so a repost from 8th May:

Https://www.___markets.co.uk/articles/kiran-morzaria-of-cadence-minerals-2022-in-review-186d6ac/

rhymes with fox ___

worth watching the outlook for 2023 at 28:20

Of course we may see news from la Ventana before end of June, could be good or bad but it would be welcome to have an idea of how Ganfeng intends to move forward,

@Dallasdaz,

I do expect this to be the lead up to the DFS and very likely with a JV and possible off-take, that would be a great RNS for Tuesday 7:00AM and we shouldn't be surprised with what's already been announced back in January.

Yes, the more I think about the possibilities the more it seems to me that an Amapa JV is lined up, the timing of the RNS on a Friday prior to a bank holiday with a little trading time left and not a great deal of focus on AIM news by many.

And of course you don't want to be out of KDNC over the weekends/extended weekends, that January interview spelt it out loud and clear to me of what KM has been working towards.

He obviously had at least one particular partner in mind?

"to affectively have an excellent partner there and move this forward" and already in discussion developing those relationships.

Very plausible @tomcat-14,

they were in talks with JV partners as of January if not before for investments at the project level and to help fund the DFS, I did think getting to 33% was prudent but as you have pointed out they have the means to add further - so maybe June will bring the JV partner at Amapa and the La Ventana news .

Re: Amapa partner discussions

"to affectively have an excellent partner there to help move this forward"

Well what he said he planned to do over the next six months back in January and maybe get to MOU stages.

Very worthwhile listening to again, so a repost from 8th May:

Https://www.___markets.co.uk/articles/kiran-morzaria-of-cadence-minerals-2022-in-review-186d6ac/

rhymes with fox ___

worth watching the outlook for 2023 at 28:20

That 33% just might be significant if news of a buyout drops, if I recall the possibility of a JV partner to fund the DFS was also mentioned.

I would say the majority agree the tech is game changing:

https://www.businessnewsaustralia.com/articles/fleet-space-more-than-doubles-valuation-with--50m-series-c.html#:~:text=Adelaide%2Dbased%20space%20tech%20firm,Australian%20venture%20capital%20firm%20Blackbird.