RE: KDNC: Australian lithium licence [Northern Territory, Oz]10 Aug 2021 12:03
REM Plc
-Sonora Lithium Project, Mexico [JV with Bacanora Lithium @30% Greater Sonora Lands]
Bacanora awaiting takeover timeline from GANFENG.
IF completed at the takeover price of 67.5p, then comes KDNC later as to what happens to the Greater Sonora Lands. REM plc offered Bacanora £1 to take them over.
-GREENLAND RARE EARTH
News out yesterday relating to Jay [Greenland] & their licence at Disko. A vehicle with Bezos of Amazon fame & B. Gates of Microsoft fame have done a JV with them. GREENLAND IS IN FOCUS after Potus wanting to buy Greenland.
D.Lenigas got the licence next to Greenland Minerals for rare earths. GGG the neighbour is a world class rare earth project in Greenland. Alas, the licence was let go after Mr Lenigas left REM plc.
HASTINGS Rare Earth, Australia
JV for the Greater Lands @30%
KDNC
-KDNC*s has a licence contiguous to Core Lithium [Finniss lithium project]. Yesterday, news about GANFENG & Core Lithium re: Offtake. This is in the Northern Territory, Australia.
-AMAPA IRON ORE, BRAZIL
Still awaiting 1 bank to sign the agreement and then KDNC will own 20% of the project initially.
Share price: 26.5p/27.5p. Mkt Cap around the £40m mark when I checked days ago.
The share price was the TOPIC of GREAT DISCUSSION on this forum and the main forum.
Kiran Mozaria, CEO of KDNC has stated that "economic value" - agreement relating to Amapa.
I did not tweet to KDNC as there was no need given the X Y Z has never been repeated again given everyone is a shareholder of REM plc later renamed KDNC.
So, history awaits and the story can end here as it will take some time before one knows the outcome of all of the project. For myself, as said, I was only interested in the LITHIUM projects of REM plc and also the Greenland project. However, there may be development in the lithium space so one has to wait to see what happens next.
News, Tues, 10 Aug 2021