Member Info for jsd71

4th October 2024

https://www.bbc.com/news/articles/cly20n4d0g9o.amp

This was posted on bkt chat, Mahenge graphite (Bkt) is recognised as 1 of 32 important projects pertaining to critical minerals.

Joint Statement of the Minerals Security Partnership Principals’ Meeting 2024

Joint Statement of the Minerals Security Partnership Principals’ Meeting 2024

https://www.state.gov/joint-statement-of-the-minerals-security-partnership-principals-meeting-2024/

Just out blackrock ceo interview, getting their ducks lined up.

https://stocksdownunder.com/video/black-rock-mining-september-2024/

Ceo quote 'hoping to smell wet concrete at the top of the hill in Mahenge by December'

With the recent $179ml finance package completed Blackrock Final investment decision is pretty much guaranteed now.

Can't be far off if they want production to start in CY26.

Blackrock mining have put this out on X

https://x.com/BlackRockMining/status/1836216964148281619?t=vLom37KvtBNifRQuTeTEpA&s=19

An interesting geopolitical development in the critical minerals space with #graphite and #gallium caught up in chip technology exports to China discussions between Japan and the U.S.

"...Tokyo is concerned that China could retaliate by blocking exports of critical minerals - particularly gallium and graphite..."

Link to article: bit.ly/47Dj66E

The UK government plans to ban the sale of pure internal combustion-engined cars from 2030, reversing the delay to 2035 put in place by former Prime Minister Rishi Sunak last September. A Department for Transport spokesperson confirmed that while the move hasn’t been made yet, Labour intends to reinstate the 2030 deadline with hybrid vehicles surviving until 2035.

Thats just the uk.

The direction of travel is clear, it's electric whether you like it or not.

From the citizen press release from wasa.

Dar es Salaam. The Mahenge Graphite Project secured a massive $179 million (about Sh488 billion) boost over the weekend after three leading African financial institutions, including Tanzania’s CRDB Bank, inked a landmark deal in Johannesburg to fund the extractive venture’s development.

The project will generate significant value chain opportunities for local suppliers, service providers, construction companies, logistics firms, importers, and retailers.

Black Rock Mining (#ASX: $BKT) completes Mahenge debt financing with US$179m facility from African banks

https://x.com/SmallCapsASX/status/1835481859607937136?t=DV5Tgfyf10GUhDn82exGDg&s=19

https://x.com/BlackRockMining/status/1835473758792155570?t=Wmcd94vvO4u4kjkJA2lJSw&s=19

Seems a decent update, Acp have been busy behind the scenes.

Bkt, Posco deal welcomed by US government no less, great for Mahenge region.

US Department of State

United States Welcomes New Deal in Graphite Production Between POSCO and Black Rock Mining

https://www.state.gov/united-states-welcomes-new-deal-in-graphite-production-between-posco-and-black-rock-mining/#:~:text=The%20United%20States%2C%20a%20member,development%20of%20the%20Mahenge%20graphite

Blackrock general manager of corporate development Stuart McIntyre at Africa down under conference 2024

5 minute interview, he mentions bank debt approval documentation & agreements to be completed potentially in the next week or two.

https://youtu.be/OP_IYAn3fps?si=wG1e80pw9QdlV9SE

Wasa on bkt chat, someone posting says loans to be finalised next couple of weeks.

This may be somewhere in yesterday's blackrock presentation, or may have been said by one of the board members who was presenting at the Africa down under conference that took place this week.

Either way it's looking very good to complete fundraising with posco now nearly 20 percent stakeholder in bkt.

From latest investor presentation, released yesterday.

US$153m in debt approvals with DBSA, IDC and CRDB1 comprising:

▪ US$113m Term Debt

▪ US$20m Working Capital Facility

▪ US$20m Cost Overrun Facility

▪ US$50m from POSCO approved2

(US$40m equity + US$10m prepay)

Black official tweet on posco investment

https://x.com/BlackRockMining/status/1831099276203852147?t=nu5EKFFCQ_3jlmYegzEGwA&s=19

Blackrock posco deal is a game changer, it opens the door for acp deals as the Mahenge Graphite region gets noticed.

Acp's graphite is the same if not better grades than blackrocks.

More Blackrock news incoming..

Posco International seals $40 million graphite deal with Australia's Black Rock

https://koreajoongangdaily.joins.com/news/2024-09-03/business/industry/Posco-International-seals-40-million-graphite-deal-with-Australias-Black-Rock/2126575

Company changing news about to drop for blackrock.

Black Rock Mining Limited (ASX: BKT) has requested an immediate trading halt on its shares, pending an announcement regarding a significant strategic investment. The halt is set to remain until either the public release of the investment details or the start of normal trading on 5 September 2024.

https://www.tipranks.com/news/company-announcements/black-rock-mining-announces-trading-halt

Markets especially commodities have been hammered last few years.

When Acp have some news worth reporting they will.

If you're not happy here then sell.. nobody has a gun to anyone's head.

All the more reason MB wants Armadale to flourish.

If he had nothing invested people here would be endlessly moaning about that.