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E3 Lithium brines are trying to keep costs down and use as much off the shelf industry plant as possible.
They clearly have their own filter type and have in the labs tested it on the specific brines at fifferent depths for differing grades of lithium brines.
The pilot plant is due results ANY DAY and will show whether they have kept costs down by doing it their own way thus when bulk production happens the margins are SO much higher !
Remember Standard Lithium are only 30% involved in El Dorado and can if successful buy in to 40% holding and buy some of the options on Tetra Tech land next door. BUT as yet we await those pesky results from initial demo plant production ! These were started up the back end of Sept so back end of Oct early Nov results a full flow would likely be hit.
3 weeks to get test results back , cvd allowing and that is now due !
Any sign od good news and US$18-20 imho.
Value wise E3 hold the keys to making the money now. Standard I tipped you back in Jan 2021 at around US$3-4.00 as it fluctuated. US$12+ now and as high as my summer target US$15+.
Next step up coming.
E3 are still back in the initial phases with this epic growth to come.

LITHIUM TIN COPPER at Cornwalls heart, what is not to like ?
A great overall video vis in this link.
https://cornishmetals.com/investors/corporate-video/

We have announced a binding offtake agreement with @Stellantis, one of the largest automakers in the world, for a min. of 81,000t and a max. of 99,000t of battery grade lithium hydroxide over an initial five year period, from 2026
$VUL
#lithium
#battery
https://t.co/7DcAgYMqom https://t.co/br0G3tYKrY

Some increase ;-))). Like I have posted about CL. I think its going to be big. Look at E3 in canada , 8mt lith carb. Same stage of process near enough.
Raising soon to bring forward demo plant.

Hi vis, good post. Nice and clear and I would recomend to anyone looking to buy.

My gut feeling is 2024 will see the uptake of lithium shortfall. Most new supply will not happen until 2025-26.

Brines are the most nimble so may be able to start initial productions early but will have to build scale to contract and have virtually no delays ie Tesla will need supply on day @#£ and will get it or you get fined per day of down time.

Plant supply for rock miners, global trade , covid , oil and gas prices , transport systems will all need to be at full capacity to ship the product to where it is needed. This I would imagine would have some slipage as nothing really gets built without an issue or two.

US/Canadian brines have great support , locations and demand will be from 2023 not 2025 as they are so far behind.

CUSN/ CL may be nimble enough to cut 6-12 months off but 2025 looks about right. I would not bet against some lithium supply from an initial base say 5,000-8,000tpa as a first year production if they can start up 6-12 months ahead of time and then build in to the 20,000+ tonnage per year.

Tailings will also play a very big part in assisting this development.

All to play for and after some basic looking around , I would be amazed if TechMet do not have a partner or plan for the brine ops inc a big chunk of funding.
Not so good for us BUT we get to production and secure supply well ahead of production thus bringing in the big money capex funding.
We gain via holding our current shares, yes diluted but first mover advantage or as near to in Europe !

Not a bad thing.

Would cornwall simply become a hub centre ?

All companies could add or do deals where by a recycling company will have processing capacity to recycle all metals from all batteries and supply back at a cheaper rate or add in to the mix a real supplement to their own bottomline by providing processing and making batteries?

As Tesla buy LG, Panasonic, CATL batteries would Li-Recycle enjoy being the main recycle point for Tesla batteries right next to the new gigafactory that Tesla are rumoured to be planning ?

There is talk that the 100m new investment will bring forward CL production ? Whats the rush .... ? T ?

Li-cycle received US100M in July from Koch who just invested ...US$100M in CL.

Li-cycle are creating hubs. Checkout the Canadian US expansions.

Li-cycle build recycle plants next to or near source. With the UK being so much smaller distance is important but not critical ?

Tesla opening in Bristol area ? Would Li-Recycle ,take back and reprocess all the Tesla car batteries and also have new lithium, copper and Zinc supply along with tin ?

https://www.livemint.com/companies/news/attero-recycling-courts-tesla-to-supply-battery-parts-for-gigafactory-11637772598119.html

Pretty great backers imho.

Work today - boo. Not long now and i will pack up. Snowing in Sherwood Forest and I'm freezing sitting in my tree. All the best today from MajorOak. Solid, strong and ....old. lol

Ding

vis 16:48 today.

Good this isn't it. Having a break from driving.

Have you thought to look at it from a different angle ?

May be a very large US company might be coming to the UK .... Tick !

I know of one who wants all the lithium in the world along with a shedload of copper. Bristol factory muted. Exeter main junction redeveloped to take extra freight so inc the freetrade port , maybe a few thousand tons of lith carb ?

In austin , said company is building hydroxide plant onsite .... Now that is really leftfield specilation BUT there are several other companies within the Li-cycle sphere who could easily set up in the UK.

'IF' cornwalls CL & BL can produce enough tonnage of lc then as we see in central europe ( no lithium direct supply for years yet 25 gigafactories built / building ) the factories will come.

Coventry is getting the Jag Landrover battery factory? Who else might want to use Uk lith ?

Over to those who have time to look for US / UK linked companies in ev cars , haulage , energy storage. Given 30 mins I think I could go back through my TechMet / US lith research and find 5 more from memory...

Look and you may find your answers.

Li-cycle are going to be SO big in the US , who are they selling the recycled metals too ? The have to sell it on at profit. ;-)))

As I said earlier I am well happy with yesterday.
We just need to get used to local county level to EUROPEAN company size from now. A bigger wider mentality. They will be selling to THE BIGGEST of lithium sector so they had better raise their game along with all our thinking.

Think B I G

Cheers bubble. Monday ? CL results ?

Dumbpunter, excellent posts. If anyone is invested here and not looking at just what TechMet are involved in , in the US then selling it down to 13p would be A - a silly mistake but B - Not underdtanding just how good these guys are. As I say next level x2. Happy today ;-)
Drop it to 13p and I'll buy the lot hahaha.

https://www.redcloudfs.com/e3-metals-introduces-innovative-and-sustainable-canadian-lithium-project/

Any day now ! E3 testing results.

NEL HYDROGEN VOLVO HITACHI OVAKO Steel production using NEL Hydrogen electrolysers.
Great project with great partners @nelhydrogen @OvakoGroup @VolvoGroup @HitachiGlobal @H2GreenSteel

Sorry vis, my russian info was czech border and saxony to my knowledge wasnt in E Germany.
I will however look and see what type of lithium they were dealing with? I sm sure if it was viable , the Ozzie companies who bought cinovec and euro lith would have had a good go at any other major options?
Not to say they do not have geotherm brines ?
As I say , out for the day , coffee break now the slog home in friday traffic.
Will look when i can

Rationale ? Money baby. You are talking about a company who 'want' in. They are involved in one of THE lithium businesses in the US that will be a billion dollar company. They are looking at the future metals only as it is pretty much nailed on anything to do with lithium will x3 in asset value 'if' and a big if fir some , the asset and management are up to it.

By doing that research you pinpoint an asset that should come to fruition. My history of investing revolved around making contacts with cinovec, having boots on the ground in Cinovec and fully understanding documents from the 1950's Russian testing and extraction of the same mica geological structure that runs from North West Czech / Saxony Germany ( Vulcan are hitting the same structure for brines so thats a tick to our lithium brines ) under France ( Eramet brines once again going forward it looks like being proven up as good investment has been made in to the project by non Eramet investors ) and then comes towards surface in Cornwall , Scilies and onward in to S Ireland with both rock and I would highly say likely more brines at depth.

Draw the line , do the research all alone that 600-800 mile Westphalian strata is lithium without much variation ie its not generally spodumene or 4-6% lithium at source. No , more like low grade on average across the 800 m length with pools of volcanic influence to nudge up lithium grades in just a few places.

Interesting in brines as E3 8m ton lith carb presentation shows and vis can add in the guys at CL say at depth the concentration increases. First targets will be the high grades at depth for both.

In the next 15 ish trading days E3 announce testing on brines results. This should give us guidence but the ones to watch are Vulcan and Eramet. Those are direct links to the same system.

The rock mica aspect is a little more complicated here with a huge amount of tailings , again thanks to vis for his knowledge. In ground is going to be very different with lower grades = much more dirt to dig out per ton of actual lith carb. This will be the cost flex point. How long can CL last on tailings ?

Cinovec has tons of tailings that they cannot use due to the village being basically on it and the other pile is privately owned. At the time in 2018 the plan was to extract in ground along with adding in the tailings by ratio to bulk up enough to make initial mining viable. Whilst this process would allow them a runway of about 2 years , that would give time to widen the mine tunnels and prep for more and wider extraction and supplying more to surface thus reducing the tailings feedstock needed.

Having this plan WAS to allow big money to come in for provision of CAPEX. Alas the Czech gov knackered all that up big time. Tech has changed - for the better and the tailings were taken off the table so its straight to digging dirt. Dewatering is a long process from mid way down snd the water comes in to the mine in cinovec from saxony so its an

Spot on vis. CL know the demand from the public on this one. EG ITM hydrogen based in sheffield rised £250m in less than 24 hours from funds and specialist investors. £250m in 24 hours.
Imagine what CL could do ;-)

Sorry but as vis points out people will be buying now for the access hopefully to CUSN investors bagging a load of cheaper shares next year. The more you hold the more CL you get. Simple.

Morning VIS.

I'm good thanks , horse throat from singing too much. Just got up.

So all I have done is sleep since our last chat. Day out today so off the radar for research and working tomorrow.

As you know I have said pretty much from the start and with this deal I am now even more sure that - and I repeat myself once again - lithium brine in my very honest opinion WILL be first revenue for CUSN.

Now i have also said the shareholders who post on here are hear because this is a tin and copper share. I have said I would much reduce my lithium knowledge and posting on here as it was naffing some off who are tin bugs and copper bugs. I get that and want to show respect for the vastly superior knowledge they hold over me on these metals and the mining of.

So my initial redacted answer is TechMet is a BIG deal in many ways and about 2 levels above for a Cornish mine and who it could get to invest in them. This is big. I refer to my nightine post - I have actually studied one of their assets in the last 6 months across in the US. They are imho 'currently' as markets, ceos , ownerships can change but currently I am extremely happy.

Expect CL to get a rapid clip on. Revenues now imho look like they will come faster and bigger than many on here will recognise. CL have US attention for lithium.

The only example I can use is. Man City.

Old carp ground. You have the little old burger van on site. The Arab owners come in and make it the best club in Europe. Your little burger van is still on site and you can charge more for your higher income crowds and maybe sell to the prawn sandwich brigade. The WHOLE set up is upgraded by new money coming in. It feels if we are on the US radar they may well be even bigger eyes on us ahead.

Yesterday I told you about Cinovec back in 2018. VW & ASIAN MAJOR were AT the table 100%. Then the czech gov got greedy and stopped those deals and wanted their cut. The likes of VW & ASIA just dont go away they want asset security of supply.

BUY and WATCH THIS SPACE !!! Good luck all

Evening ,vis. Just back from an evening out in the welsh boarders , The Tivoli, Buckley and the Charlatans 31st celebration your. Like a kid in a sweat shop for me start to finish. Grrrreat night.

Anyway, good day all round. Q - does the TechMet deal negate the soon to be raising on crowdcube now ?

Got a load of cash ready to snap up the crowdcube issue. Guess that is now going to be nulified as the amounts from next year will need to increase as they scale up testing and demo plants for rock & brine - that is CL.

The raising for CUSN i guess will be standard market loan, gov loans and maybe another investor directly in CUSN ?