Member Info for mogwhy

https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M367/K037/367037415.PDF

See page 17

"For all of these reasons, this ruling proposes that at least 1,000 MW of
geothermal resources and 1,000 MW of long-duration storage (defined as
providing 8 hours of storage or more) be required to be part of the procurement
required by no later than 2025."

There's also planned electrolyte production to consider.

If the projects listed below get built, they will need 3 times the amount of current vanadium production. That's not just once. That's every year.

Planned electrolyte production (4.5 tonnes of vanadium per MWh)

2mt electrolyte- China - Fangchenggang (250,000 tonnes per year)
--------?------------ China - Ningde, Fujian (30,000 tonnes per year)
3,000 MWh pa -- Saudi Arabia, Dammam (13,500 tonnes per year)
1,650 MWh pa - China - Yichun - Jiangxi Yinhui New Energy (7,425 tpa)
1,000 MWh pa - China - Ankang, Shaanxi - Huaqin Energy (4,500 tpa)
---200 MWh pa - South Africa - Bushveld Energy Phase 1 (900 tpa)
---200 MWh pa - USA - New York (Margaret Lake) ph 1 (900 tpa)

Total of 307,225 tonnes of vanadium per annum

The projects listed below will need 27,626 tonnes of vanadium over the next couple of years as they get constructed.
That's around 25% of current annual production.
You can probably double that as we get to hear of more big projects.
Then you can probably double it again when you add in all the sub 40 MWh projects that are currently in the pipeline which I haven't bothered to record.
That's a huge amount of pent up vanadium demand.

Utility scale planned VRFB projects (4.5 tonnes of V per MWh)

1,000 MWh------- China - Jiangsu TianWan nuclear station (4,500 tonnes)
1,000 MWh------- China - Jiangsu offshore wind integration (4,500 tonnes)
---800 MWh------ China - Shijiazhuang (3,600 tonnes)
---500 MWh------ China - Hubei Zaoyang Ph 2 (VRB Energy) (2,250 tonnes)
---400 MWh------ China - Dalian (Rongke/UET) stage 2 (1,800 tonnes)
---400 MWh------ China - Yancheng (Shanghai Electric Group) (1,800 tonnes)
---400 MWh------ China - Wuhan (1,800 tonnes)
---320 MWh------ Eskom BESS phase 2 (1,440 tonnes max)
---300 MWh------ Australia - Pangea, Port Augusta (CellCube) (1,350 tonnes)
---200 MWh------ China - VRB Energy project TBA Q1 2021 (900 tonnes)
---180 MWh------Bushveld Minerals self generation project (810 tonnes)
---166 MWh------ Eskom BESS phase 1 package 2 (50%) (747 tonnes max)
---160 MWh------ Eskom BESS phase 1 package 1 (50%) (720 tonnes max)
-----82 MWh------ Eskom BESS phase 1 package 3 (50%) (369 tonnes max)
-----60 MWh------ China - Hongyanhe, Dalian (Rongke) (270 tonnes)
-----51 MWh------Japan - Abira Town Hokkaido (Sumitomo Elec) (230 tonnes)
-----40 MWh------ China - Tuoshan, Dalian (Rongke) (180 tonnes)
-----40 MWh------ China - Lejia, Dalian (Rongke) (180 tonnes)
-----40 MWh------ China - Wafangdian Zhenhai W/farm (Rongke) (180 tonnes)
-------?--------------China - VRB Energy / Hanloon Energy power station

One off total of 27,626 tonnes of vanadium required
Global vanadium production in 2019 - 111,225 tonnes

Don't forget the 440 million tonnes of phosphate at Mokopane which will have to be mined at the same time as the vanadium.

A combination of events and circumstances could easily propel this to £1 in quite a short time.
1. Higher vanadium prices for our increasing production.
2. Sale of Lemur.
3. A corporate event involving the Mokopane iron ore or vanadium resource.
4. Clear establishment of the complete VRFB supply chain in South Africa to feed that (Eskom powered) market.

Err, no. It's not 11800 MW of renewables. Try re-rereading it again.

King5hott - it wasn't 11,800 MW of battery storage.
It was "an additional 11 800 MW of power from renewable energy, natural gas, battery storage and coal".
So we don't know how much of that is storage.

I haven't previously seen this information, but Stephen Prince of Alexa Capital was made a board member at CellCube in December.
Alexa Capital are suspected of being one of the investors in Enerox Holdings Limited.

https://tinyurl.com/y6ytm9s5

Alfacomp - have you been made an insider ?

"Pamish has further committed to allocate an additional 5 % to an Employee Share Ownership Participation Scheme once the mine is operational, which will result in Bushveld Minerals ultimately holding 57.6 % and Izingwe 32.4 %."

faramog - Mokopane will be 57.6% owned by BMN at the mining stage.

Clarky860 - how did you get access to the updated version of the website before it went live on the official website ?

bassguy - the updated website which was at www.vrfb.co.uk has this morning been migrated to https://www.bushveldenergy.com/

"In order to ensure closer alignment of all vanadium operating facilities, BELCO will migrate to the Bushveld Vanadium platform both operationally and in ownership".

Bushveld Minerals currently has a 47.3% beneficial interest in BELCO. This will now increase to 55% thus increasing their share of profits from any electrolyte sales.
I wonder how Mikhail will be compensated for this ownership transfer.

Isn't it more likely to be a buy which has been worked over the last 2 to 3 days when the offer was lower ?

Yes, just after I made my post.
The company has recently added a confidentiality note in email replies expressly forbidding sharing of any part of the email.

Libero - did you read the last two sentences of the email which starts "The content of this email is confidential" ?

The Duferco shares were admitted to AIM on 24 December, the same date quoted on the TR1, so their disposal appears to be those same shares which are subject to a 6 month lock in.

I doubt it's going to be a rebrand as that would probably mean a new website. If that was the case they wouldn't have bothered to get a grownup to proof read the current website.

Establishing a South African manufacturing facility and/or VRFB deployments is most likely imo.

Here's Mikhail from the 2019 Crux interview talking about BE.

"I think what it can become is something even larger than what we are doing on the mining side, I’m not going to put a timeline on that, but in terms of upside that is possible. But that is where the market is going. It is just a question of how we get there. In terms of what BE does itself, think of it as three verticals, one is around electrolyte that is a specific type of vanadium chemical, it’s the piece that stores energy within the batteries. We are building a facility in East London. We are doing it together with the IDC, we’ve got our environmental approvals clearance in September, we just went out to tender for the construction of the facility there."
"The second thing that we are doing in the electrolyte is that we’ve created a rental product where we’ve taken advantage of the fact that the (electrolyte) doesn’t degrade through use in the battery, it can be fully recovered to be deployed in another battery or converted very cheaply into Ferrovanadium again. So that is the second thing that is going to be more of a financial product.
The second part within what BE does is around manufacturing. We envision there being a facility in SA for assembly of VRFB’s as the market grows. More recently what we’ve started doing is work with the vanadium battery original equipment manufacturers. There is a number of ways with which we work with them, one of the things we’ve announced is investment and I can talk about that further. We definitely feel that these companies – there are some good ones out there, and they are going to generate a lot of upside in their value as the stationary storage market grows, and as we see this trend towards longer duration where our technology is a lot more powerful.
The last piece is around deployments, so we do project development. We’ve got a team that looks to deploy energy storage sometimes coupled together with renewable energy, sometimes on it’s own. And really, that’s quite an exciting opportunity, especially on our continent where the need for energy is very high, but the provision of it is very unreliable.”

Full interview here.
https://www.youtube.com/watch?v=p3QUjIL1rJQ&t=5s&ab_channel=CRUXInvestor

Couple of snippets from this VSA transitional energy podcast.
Q4 results out on Monday and they think that Bushveld Energy is going to be spun out.
Recent selling of IES stock was to support the spin out. From 9:20.

https://soundcloud.com/user-596578261/vsa-capital-tech-transitional-energy-280121