Member Info for Mullins58

another 2 in the bin.

Executive Chairman Keith Coughlan said:

"We are pleased to have secured a company of DRA's calibre, with a proven track record of delivering critical pieces of work like the Cinovec DFS in a timely and efficient manner.

"We will be working closely with DRA over the coming period, and we are excited by the positive outcomes that this DFS will provide. It is not expected that this will delay the critical path of the Project, as during this time the Company will be in the process of finalising permitting, offtake and Project Finance matters.

"European Metals is well positioned for the rising demand in battery materials, developing the Cinovec project, the largest hard rock lithium project in the EU, which is centrally located on the Czech Republic's border with Germany. The project possesses excellent ESG credentials which will enable the production of battery grade lithium hydroxide and carbonate with potentially one of the lowest CO2 emissions, globally."

"We are proud to be working with EMH on the Definitive Feasibility Study for the impressive Cinovec Project. Our experience in Lithium spans the Australian, African and Americas markets. We are excited to share this knowledge with EMH to deliver the best results for their project," comments James Smith, CEO of DRA Global.

Executive Chairman Keith Coughlan said:

"We are pleased to have secured a company of DRA's calibre, with a proven track record of delivering critical pieces of work like the Cinovec DFS in a timely and efficient manner.

"We will be working closely with DRA over the coming period, and we are excited by the positive outcomes that this DFS will provide. It is not expected that this will delay the critical path of the Project, as during this time the Company will be in the process of finalising permitting, offtake and Project Finance matters.

"European Metals is well positioned for the rising demand in battery materials, developing the Cinovec project, the largest hard rock lithium project in the EU, which is centrally located on the Czech Republic's border with Germany. The project possesses excellent ESG credentials which will enable the production of battery grade lithium hydroxide and carbonate with potentially one of the lowest CO2 emissions, globally."

"We are proud to be working with EMH on the Definitive Feasibility Study for the impressive Cinovec Project. Our experience in Lithium spans the Australian, African and Americas markets. We are excited to share this knowledge with EMH to deliver the best results for their project," comments James Smith, CEO of DRA Global.

https://www.londonstockexchange.com/news-article/EMH/dra-global-appointed-to-complete-dfs-for-cinovec/15820802

https://www.cnbc.com/2023/02/01/iron-ore-prices-may-rally-as-india-remains-reluctant-to-share-analyst.html

Part of investing, is the enjoyment you get when jobs and wealth are are created. These trolls spoil the experience. Use the filter. ATB

oce , JV coming ! atb

Jonathan Evans, President and CEO of LAC, commented to LAC for the purposes of their announcement1:

"The agreement with GM is a major milestone in moving Thacker Pass toward production, while setting a foundation for the separation of our U.S. and Argentine businesses. This relationship underscores our commitment to develop a sustainable domestic lithium supply chain for electric vehicles. We are pleased to have GM as our largest investor, and we look forward to working together to accelerate the energy transition while spurring job creation and economic growth in America."
Adam Davidson, Chief Executive Officer of Trident commented:

"Thacker Pass is an asset with significant strategic importance in the context of the United States' transition to carbon net zero, and we are encouraged that its status as such has been recognised by General Motors in the largest-ever investment by an automaker securing battery raw metals.

"For Trident, Thacker Pass is expected to become an important component in our expanding revenue-generative royalty portfolio as LAC advances towards Phase 1 production of 40,000tpa in H2 2026. Until then, we continue to keenly monitor its development including the result of the appeal process held in early January, with a decision expected in the coming months."

https://www.londonstockexchange.com/news-article/UKOG/pedl234-loxley-gas-discovery-update/15818773

https://www.londonstockexchange.com/news-article/TRR/portfolio-update-thacker-pass-lithium-royalty/15818828?showDisclaimer=true

There will likely be a further recovery of uranium prices in 2023 as nuclear energy regains popularity, was the sentiment among uranium specialists who spoke on Monday at the Vancouver Resource Investment Conference (VRIC).

https://www.mining.com/uranium-price-expected-to-rise-in-2023-on-nuclear-power-revival/

A global graphite shortage is a matter of when, not if, without new sources of supply. For the US, which is 100% dependent on foreign imports of the material, it is a ticking time bomb that could derail the nation’s vehicle electrification and decarbonisation ambitions.

https://www.innovationnewsnetwork.com/why-graphite-is-essential-to-the-electrification-of-north-america/29109/

A global graphite shortage is a matter of when, not if, without new sources of supply. For the US, which is 100% dependent on foreign imports of the material, it is a ticking time bomb that could derail the nation’s vehicle electrification and decarbonisation ambitions.

https://www.innovationnewsnetwork.com/why-graphite-is-essential-to-the-electrification-of-north-america/29109/

Graphite Next

https://www.mining.com/gm-lithium-americas-to-jointly-develop-thacker-pass-mine-in-nevada/

https://www.youtube.com/watch?v=cb2tzI7Rqkc

Graphite Next

https://www.mining.com/gm-lithium-americas-to-jointly-develop-thacker-pass-mine-in-nevada/

https://www.youtube.com/watch?v=cb2tzI7Rqkc

https://www.youtube.com/watch?v=cb2tzI7Rqkc

https://www.mining.com/gm-lithium-americas-to-jointly-develop-thacker-pass-mine-in-nevada/

https://mininggrade.com/r/5iBepW4ZwDdLqKHhvRSy/gm-and-lithium-americas-to-develop-u-s-sourced-lithium-production-through-650-million-equity-investment-and-supply-agreement

General Motors Co. (NYSE: GM) and Lithium Americas Corp. (TSX: LAC and NYSE: LAC) announced today they will jointly invest to develop the Thacker Pass mine in Nevada , which is the largest known source of lithium in the United States and the third largest in the world.

Under the agreement, GM will make a $650 million equity investment in Lithium Americas, which represents the largest-ever investment by an automaker to produce battery raw materials. Lithium Americas estimates the lithium extracted and processed from the project can support production of up to 1 million EVs per year.

https://www.bnamericas.com/en/news/mexico-negotiating-recovery-of-sonora-lithium-concession

Value creation in two major lithium projects
Management’s strategy is to provide exposure to a balanced mix of base, battery, precious and bulk metals. Post the aforementioned disposal, Tamesis risked net asset value (NAV) estimate by commodity is spilt as follows: lithium (41 per cent), gold (34 per cent), copper (10 per cent), iron ore (2 per cent) and cash (13 per cent). Trident’s lithium projects could be real game-changers this year.

That’s because the soon-to-be-boosted cash balance should enable Trident to exercise its option over the Sonora lithium royalty in Mexico without having to turn to equity markets. The outstanding payment for the effective 1.5 per cent gross revenue royalty (GRR) is $23.5m. Tamesis currently values the Sonora royalty at $2.5m (0.7p a share), being the value of the deposit paid and fully recoverable in most circumstances under the loan structure.

However, analysts at the broking house point out that if the option is exercised, it would add $82.6mn (22.6p per share) to their overall un-risked NAV per share of 81.5p, lifting it above 100p. The project’s operator, Ganfeng Lithium, has recently commenced construction, thus increasing the likelihood of Trident’s option being exercised. The other hurdle is the forthcoming court hearing to appeal the validity of the royalty, expected in the next few months. I anticipate a favourable outcome, a factor that is not reflected in Trident’s share price, which is trading well below Tamesis’ un-risked NAV estimates.