Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Further to European Lithiums rns...
"The Transaction is progressing through the approval process and remains subject to SEC and Sizzle shareholder approval as outlined above.
Upon the closing of the Transaction, EUR will be issued US$750 million worth of ordinary shares in CRML.
Tony Sage, Chairman of EUR said “The company is excited that after a long and exhaustive process we are the final stages in seeking the SEC's approval to list on the NASDAQ.”
Lithium globally and UK M&A towards a lithium suply chain with EU, USA, South America & Australia.
As always my postion I declare over a year ago now.
Pilbara Minerals in a JV / partnership or buyout.
NOT INVESTMENT ADVISE. DO YOUR OWN RESEARCH.
Since my initial position I do see a credible point for Albamerle in this current last month or two to be a very interesting company who also could do what I think PLS may well do. A bidding war would be nice.
A good example of the global transition of miners, OEM's, chemical producers ( brines in the main )
"On 26 October 2022, European Lithium announced that it has entered into a business combination agreement with Sizzle Acquisition Corp., (NASDAQ: SZZL) (Sizzle), a publicly traded special purpose acquisition company, pursuant to which EUR will combine its wholly owned Wolfsberg Lithium Project (Wolfsberg Project) with Sizzle via a newly-formed, lithium exploration and development company named “Critical Metals Corp.” which is expected to be listed on NASDAQ under the symbol “ CRML” (Transaction)."
Older, you know full well across the board and globe inflation in wreaking havoc. 80% of anything lithium associated is down , China are tanking the prices hoping to bust the smaller / start up companies who saw the prices rise which allowed the smaller expensive rock mines to "look" more" viable and as last time in 2018/19 those threats to China have been crushed with lower and lower market revenue halting the servicing of funds on high risk developments NEEDED to progress the West to electric capacity.
Seen this all before. This time global climate change is entering politics and people power is on the rise as each year we all believe the planet is changing.
5-6 years ago it was science who were shouting and nobody listening. Now there is more of a public presence at the table and politics cannot simply ignore the matter nor pressure to progress.
Yes the markets are way down BUT it presents those with large spare capital to go hunting for the cream assets that have been taken down by a sector fall and not operational fall.
I believe in the chemical process of ALK TVL and see no resason why in time the sector will bounce back after an enevirable rest after China takes its foot off the global throat and once again decides to expand.
Its just timing from my experience. Expect M&A generally to increase widely.
Https://www.lse.co.uk/rns/ALK/corporate-update-4wxn7uy8g7nxwt4.html
https://www.mining-technology.com/news/albermarle-lithium-hydroxide-expansion/?cf-view
Tees Valley looking at 4 train production = 96,000tpa
Current raising of $600m for two trains ( one in uk & one in Port Hedland ) £500m approx.
So 4 trains in Tees coming in around £1.5-£2B.
Lithium to Lithium SULPHATE crushing in Oz coming in at 4 trains for another £1B ?
Albemarle spending in the US $1.5B on two trains to come up to 4 trains producing 100,000tpa hydroxide.
Ball park comparrison is both coming in around the same figures give or take.
Happy with that !
"Albermarle has announced the construction of two processing trains at its lithium hydroxide refinery in Western Australia.
Adding to the two current trains at the plant, the expansion will double the refinery’s productive capacity to 100,000 tonnes. The $1.5bn investment would make Albermarle Australia’s biggest lithium producer outright. "
Somebody is confident.
Me I ignore broker notes, just bits of paper.
Do your OWN research and you will see £5.00 is quite easy to get to. New baseline should be around £2.30-2.60 with a whole chunk buying and selling around this for several months previously.
Next baby step could be more teenage in size !
Https://www.goldcoastbulletin.com.au/business/stockhead/monsters-of-rock-green-iron-plant-plan-before-epa/news-story/1b41f127aea711d4ff6f0b7978ed61ad
Some huge irin ore and nickel tonnage going to go through Boodarie Port Hedland. Infrastructure must be good.
Released only today ...
"Standard Lithium’s East Texas Drilling Program Delivers New Highest Confirmed Grade Lithium Brine in North America
Results Include Lithium Concentrations of 663 mg/L; Company Continues to Expand and De-Risk East Texas Smackover Assets
EL DORADO, Ark., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced it has drilled and sampled, to the best of its knowledge, a new highest confirmed lithium grade brine in North America, with a grade of 663 mg/L lithium. The results reflect lithium sample analyses from a newly drilled well from the Company’s significant expansion work in the East Texas Smackover region.
Dr. Andy Robinson, President and COO of Standard Lithium commented, “We continue to be very excited by the quality and scale of the lithium brine assets we’re adding in East Texas. The lithium sample analysis from a newly-drilled well delivered, to the best of our knowledge, a new highest-grade lithium brine concentration in North America and confirmed that we are securing the highest-grade lithium brine resource outside of Chile and Argentina. We continue to expand our footprint in the East Texas Smackover and de-risk the opportunity with additional drilling, sampling and definition work.”
“East Texas is a significant addition to our two more advanced projects in Arkansas, the Phase 1A and South West Arkansas Projects,” added Dr. Robinson. “We expect our East Texas landholdings to form a substantially larger and higher-grade lithium brine project for future production. Standard Lithium will continue to progress its portfolio of projects to help meet U.S. demand for lithium over the next decade.”
Http://projects.exeter.ac.uk/geomincentre/excur-tregon.htm
;-) vis. Still prefer brine potential to mica which you know my views on. Multiples of any mica potential.
Article's from 2005 which I found back in 2018 when researching Cinovec. Westphalian structure from Czech , France , Cornwall to S Ireland.
Probably forgotten most of what I learned back then but keep an eye on Vulcan in France and Eromat for clues to what is coming. I've alerts set for them.
Hope you are keeping well. I'm here for the longhaul and on any major profits will only add to CL when they finally go solo on AIM. Thinking it was due this time last year. Shame really but it wil happen.
Standard Lithium still pushing on to the latter phases of DLE brine so its looking like its ok as its passed through too many crunch points of investment and building expansion. One hell of a white elephant if they are totally wrong about DLE. E3 also on huge potentially global scale brine.
All the best and catch you soon when the news comes here. Gut feeling is anyday due to the tiny spread which after 24 months of 30p to 10p spread looks like share shifting territory to a possible partner / JV venture.
Lithium toll process lithium tolling and advantages in a low price market.
"In the so-called tolling arrangement, Pilbara Minerals will receive the lithium hydroxide price for the product sold less an agreed amount for conversion and other costs, it said.
The agreement comes as prices for battery chemicals and the underlying lithium ore have begun to turn down, after China ended a more than decade-long national subsidy for electric vehicle purchases at the beginning of this year.
Prices of lithium carbonate hit the weakest in a year while those for spodumene have touched the lowest since October.
Reuters reported that China’s CATL, the world’s largest battery maker, has offered discounts to some Chinese automakers it supplies, weighing on prices of Australian lithium miners on Monday.
Shares in Pilbara Minerals fell as much as 7.7% to A$4.10 before trimming losses to $4.18, still down 5.9%.
Australian critical minerals producers are seeking to move up the electric vehicle battery value chain by refining their minerals and in some cases converting them into products more easily used by battery chemicals makers."
https://www.mining.com/web/pilbara-minerals-sells-spodumene-cargo-linked-to-lithium-hydroxide-prices/
Pwlx i get about the issue price being fixed. Totally get it.
If you were VW seeing 49% of shares being held at sub £1.40p and that holding of bulk shares then saying the price you get for buying in is £30.00 a share. Would VW invest ? No.
Any JV or major cash investor fund or other would want comparative issue approx £1.50 give or take.
If its tge whole chunk they may want to put in £300m @ £1.00. The market would drag it down in a second due to dilution.
So I get their issue was always written in at £1.40.
Now they have their cheap shares in hand let the JV happen and they can then get extra options at £5.00 plus they have kept the investors/s of £50-300m happy ?
Thats my point. Not our Bod but the big money will not pay way over the odds to what the main Bod hold imho
Https://www.ft.com/content/0e0bca44-6d4c-449c-aa2b-d67b45cc2b71
Would be a perfect partner for long term global supply and growth enabling direct access to the US EU & UK markets for gigafactory supply needs.
"Allkem Headquartered in Buenos Aires, Argentina our unique portfolio includes lithium brine operations in Argentina, a hard-rock lithium operation in Australia and a lithium hydroxide conversion facility in Japan."
Not against shipping lithium to Japan from South America so the UK should also be straight forward ?