Member Info for jimb2

Good that it's one that Alfonso Durazo is supporting from January 2023

https://www.sonora.gob.mx/gobierno/acciones/dependencias/rehabilitamos-casas-estudiantiles-para-apoyar-a-jovenes-que-dejan-su-hogar-para-super****-gobernador-alfonso-durazo

He added that the Casa del Estudiante Serrano, in Granados, received resources for one million 198 thousand pesos and support with construction material, 86 mattresses, eight tables, 32 chairs, ten LED lights, 12 coolers, among other equipment.

Hopefully a good relationship exists!

https://www.linkedin.com/company/ganfenglithium/

On March 30, Ganfeng Lithium donated 700,000 pesos to Casa del Estudiante Serrano, a high school in the Granados municipality in Sonora, Mexico. The funds will be used to renovate school buildings, dormitories, and common spaces. Ganfeng aims to positively contribute to the local community and improve education conditions for young people in the area, enabling more students to receive a quality education.

Ganfeng’s social investment is part of its ESG strategy and vision to become a long-term sustainable organization. Ganfeng is committed to the responsible development of lithium projects while taking into account their impact on the environment and local communities.

@Zoom56,

that was a rumour a few months back!

And we shouldn't forget the 15,000 jobs with the Ford expansion in Hermosillo considering their battery JV with CATL.

And of course as that posts shows we are now full on EV disruption with Tesla's master plan 3 and the weeks or perhaps months ahead should see a real wake up call with many MA's in the lithium sector.

You know things can change quicker than people realise as mentioned by the EV Viking and something I look back on as the classic lesson in disruption:

https://nokiamob.net/2017/11/12/forbes-in-2007-can-anyone-catch-nokia/

Then came the iPhone and Android.

Master plan 3 isn't a vision it's executable now j curves!

And the chart shows - j forming

https://www.ev-volumes.com/

Disruption, thanks for the Tesla master plan part 3 link @tomcat-14 - I wonder how the competition will respond Elon Musk despite his many faults does get results.

And worth looking at page 31:

https://www.tesla.com/ns_videos/Tesla-Master-Plan-Part-3.pdf

I make the Evergreen listing as 1:30AM Tuesday GMT:

To date the Company has completed an Ambient Noise Topography (ANT) Survey and commenced field mapping and stage 2 soil, rock chip and termite mound sampling at the Bynoe Lithium Project. The Company has also completed a
comprehensive auger program, drilling 1,731 holes at the Kenny Lithium Project. The results from the aforementioned activities are expect shortly after listing.

Well the listing is just over a month past the initial March 10th stated in the prospectus and so potentially the results are already known?


It's therefore possible we get a tick up on opening if the listing draws in some buyers but an RNS at the very least.

That's correct @Zoom56,

For anyone interested the other company the Evergreen board are involved with, still in trading halt since late December:

These Transactions will enable IRIS to fast track its exploration goals and its objective of becoming a leading supplier
of lithium to the North American battery metals industry.

https://hotcopper.com.au/threads/ann-transformational-acquisition-of-patented-lithium-mines.7310914/

You do have to wonder how they will manage all their projects US and Australia together with the Evergreen ones!

Very interesting connections!

Great find…............. Joining all the dots!

And CXO were also going to supply Tesla from......?

We have a very talented board in Evergreen.....!

Yes @EV_Bull,

Although I have to conceded the crash in lithium prices could see a sales price of 3 x our anticipated in any published study and wipe $400bn off Sonora, blimey how will Mexico recover?

Blink of an eye $400bn gone!

@Zoom56,

I agree, and remember Tesla couldn't be tempted to build a battery factory in Sonora due to US incentives.

https://youtu.be/2UJoympKzmQ?t=37

Still lithium supply would be handy!

@Zoom56,

I was just adding to your post with the interest that Piedmont seem to have in Australia, the Alex Biggs interview was good to watch!

posted a little while back @Zoom56,

seems to be the trend!

also positive for Evergreen with the big lithium players picking up Australian juniors in exploration phase, our neighbour CXO mcap circa $1.5bn - it wouldn't surprise me to see great interest in Evergreen from perhaps the USA the likes of Piedmont for instance already having to supply Tesla from Canadian off-take.

Outlook Rock Stock Channel

https://youtu.be/hZ0OiIQnyvs?t=259

And a little later the interview with Piedmont's CEO and his plan to visit juniors in Australia :

https://youtu.be/oY1WlxYbchc?t=2465

Soon, I hope

https://www.mining.com/web/mexican-president-proposes-tougher-mining-laws-shorter-concessions/

President Andres Manuel Lopez Obrador offered the draft reform on Tuesday to lawmakers in the lower house of Congress, which would sharply reduce the length of mining concessions to 15 from 50 years.

yes, just what stuck out to me @ EV_Bull

I recommend listening for 40 seconds on the @Dallasdaz linked video:

from 16:20

link - courtesy of @Dallasdaz

https://drive.google.com/file/d/10gxsE65GtX504qPJj1N7BVWaNnUY7g5H/view?usp=sharing

Confirmed:

Evergreen Lithium Limited - 11 April 2023 11:30 AM AEST ##

https://www2.asx.com.au/listings/upcoming-floats-and-listings

Seek a JV partner at the project level to fund DFS, possible overall project financing.

The strategy is being pursued in the background and hopes to announce something to the market in the next six month.

They want to start shipping ore and have believed it’s economic to do so since the beginning of the years but are beholden to the banks – seems the banks are holding up shipment.

And KM was upbeat about Evergreen, he did mention this below (from the prospectus)

Our other projects are also considered to be highly prospective, and we look forward to wasting no time exploring these projects with a view to rapid development. To date the Company has completed an Ambient Noise Topography (ANT) Survey and commenced field mapping and stage 2 soil, rock chip and termite mound sampling at the Bynoe Lithium Project. The Company has also completed a comprehensive auger program, drilling 1,731 holes at the Kenny Lithium Project.

**The results from the aforementioned activities are expect shortly after listing**

yes, I agree @Zoom56 plenty of interest in in acquisitions and indeed we are early on in the lithium era:

https://community.ionanalytics.com/ma-news-analysis/chinas-tianqi-lithium-ganfeng-lithium

Hong Kong- and Shenzhen-listed lithium producer Tianqi Lithium [SHE:002466] is in talks to acquire all of private-equity-backed Toronto- and NASDAQ-listed Sigma Lithium Corp’s [NASDAQSGML] mines, according to three sources familiar with the matter and a source with knowledge of the matter.

Jiangxi, China-headquartered Ganfeng Lithium [SHE:002460], which is Hong Kong- and Shenzhen-listed, is separately also preparing to bid for the mines, according to the first two sources familiar.

State-owned Hong Kong-listed, Xiamen-based copper-and-gold miner Zijin Mining Group is also considering a bid, said the first source familiar.

And I did note KM seemed very upbeat about Evergreen in the webinar and did make reference to the Liontown offer.

@docmartin75,

I seem to recall that KM mentioned looking into a JV for Amapa that he hoped he could update the market with in the next six months.

From the Evergreen prospectus:

The Kenny Lithium Project comprises of one exploration tenement covering an area of 210km2 (E63/1888).
The Kenny Lithium Project is located in the Dundas Mineral Field of Western Australia, 15km to the east of Liontown Resources Limited’s Buldania Lithium Project and 35km South of the Alita/Bald Hill Lithium Mine.
Initial field mapping of the Kenny Project has confirmed the presence of substantial outcropping of lithium pegmatites

On 27 March 2023, Liontown Resources Limited, (“Liontown” or “the Company”) received an unsolicited, conditional and non-binding indicative proposal from Albemarle Corporation ("Albemarle"), in which Albemarle would acquire all of the shares in Liontown at a price of $2.50 per share via a scheme of arrangement (“Indicative Proposal”).

The Buldania project:

An emerging second project with an initial Mineral Resource of 15 Million Tonnes of 1.0% lithium oxide (Li2O)

Certainly makes Evergreen look very interesting considering the projects:

https://hotcopper.com.au/threads/ann-liontown-rejects-indicative-proposal-from-albemarle.7303771/

https://www.eleconomista.com.mx/estados/Sonora-busca-ser-referente-en-atraccion-de-capitales-chinos-20230321-0064.html

Because different federal entities are taking advantage of the arrival of Asian companies through nearshoring, the Sonora government reported that it has also begun coordination work with the private sector in China .
In this regard, the governor of the northern entity, Alfonso Durazo Montaño, explained that they have already contacted a group of Chinese industrial entrepreneurs, who seek to detonate the areas of electromobility and battery generation in the state.
"I had a meeting with a group of Chinese businessmen who participate in world-leading companies in the field of electromobility and see our state as a point of interest for the battery factory, eventually for the manufacture of heavy machinery," he added.

https://mexico-now.com/sky-bridge-to-build-new-industrial-park-in-sonora/

In this context, the governor added that the Sky Bridge industrial park is part of an industrialization project in Ciudad Obregon, which could be one of the largest industrial zones in the country.
The project is expected to attract more Chinese capital, mainly from lithium battery manufacturing companies. This growth, Durazo added, is due to nearshoring and the proximity of the state to the United States, one of the largest demanders of batteries for electromobility.

Some might be surprised if news was to drop that the project was commencing!