Member Info for Mullins58

Executive Chairman, Keith Coughlan, said:

"The confirmation of the exceptionally clean nature of the Cinovec Lithium Carbonate resulting from the pilot programme is further proof of the tremendous importance of the Cinovec Lithium Project for the whole of the EU. The Lithium Carbonate produced by the simplified flowsheet has the ability to be a major contributor to the EU's lithium security. The Cinovec Project is well positioned to be a major supplier of battery grade lithium products to the strategically important European car industry to ensure that they are able to compete on the global stage.

The pilot programme data is now being used to confirm design and engineering for the ongoing Definitive Feasibility Study (DFS) being completed by DRA Global and which remains on-track for completion in the current quarter, and also for the post-DFS detailed design.

European Metals, in developing the Cinovec Lithium Project, is well positioned for the rising demand in battery materials in the EU. The Cinovec project is the largest hard rock lithium project in the EU and Europe as a whole and is centrally located on the Czech Republic's border with Germany."

Executive Chairman, Keith Coughlan, said:

"The confirmation of the exceptionally clean nature of the Cinovec Lithium Carbonate resulting from the pilot programme is further proof of the tremendous importance of the Cinovec Lithium Project for the whole of the EU. The Lithium Carbonate produced by the simplified flowsheet has the ability to be a major contributor to the EU's lithium security. The Cinovec Project is well positioned to be a major supplier of battery grade lithium products to the strategically important European car industry to ensure that they are able to compete on the global stage.

The pilot programme data is now being used to confirm design and engineering for the ongoing Definitive Feasibility Study (DFS) being completed by DRA Global and which remains on-track for completion in the current quarter, and also for the post-DFS detailed design.

European Metals, in developing the Cinovec Lithium Project, is well positioned for the rising demand in battery materials in the EU. The Cinovec project is the largest hard rock lithium project in the EU and Europe as a whole and is centrally located on the Czech Republic's border with Germany."

Https://www.londonstockexchange.com/news-article/EMH/successful-battery-grade-pilot-cinovec-project/16202041

Yep , I got the post deleted.

AI . your health is more important than this board. ATB

Some people are just not very intelligent .

Some good industry information. ATB

Adam Davidson, Chief Executive Officer of Trident commented:

"At the end of last year, we indicated that the market for royalties was becoming more active as projects looked for funding outside of traditional equity and debt markets. That has proven to be the case, with Antler marking our fifth transaction this year.

"This is a highly attractive royalty. The commodity mix complements our existing portfolio, with future-facing base metals to sit alongside our lithium, precious metals, and existing base metals exposure. The location and management of the asset are both excellent and we expect the royalty to deliver significant value for Trident shareholders."

Great interview

Https://www.theguardian.com/business/2023/oct/30/world-bank-warns-oil-price-could-soar-to-record-150-a-barrel

8p paid

Over sold, we will be back to 10p over the coming weeks. Atb

6.10 paid

5.50 paid

Project Financing

Under the MOU, TCIDR will use its best commercial efforts to secure the required financing for the construction and re-development of the Amapá Project, including the necessary guarantees, project finance insurance and debt financing. In this regard, TCIDR is in discussion with SinoSure China Export & Credit Insurance Corporation and China Development Bank.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that our joint venture company Pedra and Branca Alliance ("PBA") and DEV Mineração S.A. ("DEV") have entered into a memorandum of understanding ("MOU") with Sinoma Tianjin Cement Industry Design & Research Institute Co., Ltd. a wholly owned subsidiary of Sinoma International Engineering Co., Ltd. ("TCIDR"). Through its wholly owned subsidiary, DEV, PBA owns and operates the Amapa Iron Ore Project in Brazil ("Amapá Project").

The MOU is the result of our ongoing discussions between the parties to progress the development of the Amapá Project jointly.

Development Programme

Under the MOU, TCIDR will provide a final proposal to complete the Definitive Feasibility Study ("DFS"), and on completion of a successful DFS, will submit a fixed price Engineering Procurement and Construction ("EPC") contract for the Amapá Project. The DFS, EPC contact and any other services provided by TCIDR are subject to both the services being provided on a competitive basis and to PBA's and DEV's commercial evaluation and approval. TCIDR will be appointed the General EPC contractor for the Amapá Project once these approvals have been granted and the provision of TCIDR-facilitated project financing is secured. This will require the execution of legally binding documents.

Project Financing

Under the MOU, TCIDR will use its best commercial efforts to secure the required financing for the construction and re-development of the Amapá Project, including the necessary guarantees, project finance insurance and debt financing. In this regard, TCIDR is in discussion with SinoSure China Export & Credit Insurance Corporation and China Development Bank.

PBA, DEV and TCIDR will now develop a roadmap to seek to secure the financing for the DFS and subsequent project financing for the Amapá Project, and a fixed price EPC contract between DEV and TCIDR that will have the project finance, export credit insurance and credit support by TCIDR.

Cadence Chairman Andrew Suckling commented: "This Cadence Minerals management team, of which I am proud to be part, have worked tirelessly with PBA and DEV, local Government and contractors to bring Amapá to this point. Investments of this nature are rarely straightforward, but our management and shareholders are now starting to see a tangible return from bringing this large and complex infrastructure back to life. Along with Kiran, I have witnessed firsthand the rejuvenating effect the recommissioning process has had on the region and community, and now, with this MOU, there is a real sense that we can re-develop this project back to its name plate capacity.

Cadence CEO Kiran Morzaria added: "From a strategic standpoint, for Cadence and PBA, the MOU with TCIDR represents a potential one-stop shop solution, coupling our requirements for final project funding with engineering, construction and technical expertise. Following this, our next steps will be the completion of the remaining optimisation studies followed by the DFS."

"Our investment to date has resulted in an increased shareholding, which now stands at 32.6%, and I am both pleased and proud that having first submitted a judicial restructuring plan to creditors in 2019, we are now making rapid progress. I and my colleagues look forward to the completion and recommissioning of this substantial project."

Https://www.londonstockexchange.com/news-article/KDNC/strategic-development-and-financing/16186336

Https://www.mining.com/web/the-worlds-iron-ore-powerhouse-is-preparing-to-reinvent-itself/

Https://www.reuters.com/markets/commodities/global-ev-battery-supply-chain-puzzles-over-china-graphite-curbs-2023-10-27/