George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Thanks for that HorisM, it clearly shows how frustrated CEO Alan Hollis is with our Government. An interesting watch and good insight into his future plans for AMTE Power. US bound for me as I have said all along.
Clairesmith, spot on imo. This is why AMTE will be lost to the UK very soon due to Tory "incompetence" and lack of support up to now. A great loss to the countries potential future in rapidly improving Sodium Ion EV Battery technology.
From that report, I am taking the following to illustrate why AMTE will shortly likely be listed on NASDAQ in the US, with new US Government support behind AMTE Sodium Ion Tech:-
"● Start-ups: the UK has a leading EV battery start-up ecosystem, with the second highest enterprise
value in Europe and the fourth worldwide."
The Government is quite literally 'whistling in the wind' whilst the rug is being pulled out from under them. Sheer business incompetence on full display by them, yet again.
UK government has now published its 'Advanced Manufacturing Plan':-
Batteries
Batteries are essential products in modern, industrialised economies. In recent years, batteries
have grown in importance, powering many of the technologies that will enable the transition
towards net zero. This includes personal and commercial transportation and grid-scale battery
energy storage systems, which allow us to use electricity more flexibly and decarbonise the energy
system cost-effectively.
The global demand for batteries is expected to rise dramatically over the coming decades and
the UK is uniquely positioned to seize the opportunity thanks to our key areas of comparative
advantage:
● Innovation: the UK is playing an important global role in R&D into battery chemistry optimisation,
underpinned by the strength of our world-class research base. The UK ranks third in the world in
terms of research quality into industrial batteries.
● Start-ups: the UK has a leading EV battery start-up ecosystem, with the second highest enterprise
value in Europe and the fourth worldwide.
● Automotive manufacturing: the UK’s advanced automotive manufacturing sector has an annual
turnover of £70 billion and employs 166,000 people across the country"
'A successful battery industry could be an important source of jobs and regional economic growth.
A battery industry that supports domestic demand for EVs could employ 100,000 people by 2040
(35,000 in cell manufacturing and 65,000 in the battery supply chain). To support this growth,
the Government has published the first UK Battery Strategy to have a globally competitive
battery supply chain that supports economic prosperity and the net zero transition."
https://www.gov.uk/government/publications/advanced-manufacturing-plan
Sodium in Batteries: Shift May Herald Another Shakeup
Battery industry is starting to turn to sodium-ion products
If successful, it could yet again rejig metal demand outlook.
Battery giants are starting to put their money on new sodium-based technology, a sign that there could be yet another shakeup in the industry that’s crucial for the energy transition.
Sodium — found in rock salts and brines around the globe — has the potential to make inroads into energy storage and electric vehicles because it’s cheaper and far more abundant than lithium, which currently dominates batteries. But while chemically and structurally similar, sodium has yet to be used on a large scale, partly due to the better range and performance of similarly sized lithium cells.
https://www.bloomberg.com/news/articles/2023-11-26/sodium-in-ev-and-storage-batteries-may-herald-another-shakeup
More on PINNACLE INTERNATIONAL CAPITAL CORP:-
https://opencorpdata.com/lei/213800BBSD1VYOIUUK08
More on Crestbridge for anyone interested :-
Crestbridge Family Office Services will continue to operate as an independent organisation, it said yesterday after North American fund administration business Gen II Fund Services bought Crestbridge’s institutional businesses.
The transaction, the financial terms of which were not disclosed, is expected to close in due course following customary regulatory approvals, Gen II said in a statement yesterday. Crestbridge, which was first established in Jersey, also operates in Luxembourg, New Jersey, New York, Ireland, and the UK.
The CFOS firm said it is not part of the Crestbridge/Gen II deal.
“It will continue to operate independently and provide its private client, trust and fiduciary services whilst remaining privately owned,” CFOS said.
Heather Tibbo (pictured), who joined Crestbridge 10 years ago to establish the family offices services group, will become its CEO and Paul Hunter is managing director, it said.
Crestbridge is a global administration, management and corporate governance solutions business and provides outsourced fiduciary, administrative, accounting and compliance services.
Gen II concentrates on serving private capital asset managers and investors. Founded in 2009, it has more than $1 trillion of private fund capital under administration.
https://www.wealthbriefing.com/html/article.php?id=198515
Your post history on AMTE is clear to see. I would encourage others to check it out. You are not invested by your own admission. You know nothing about Pinnacle or Crestbridge. You are a serial AMTE de-ramper and nothing more. A very tedious one. There are no conspiracies here, I have laid out all the facts, they are all information that is publicly available. I am sorry if that does not suit your agenda.
My posts are as factually correct as I can make them, such as the hansard records from last nights government select committee report. Liam Byrne is doing a good job in exposing the Governments failures thus far. Not hard imo! We should all try to post factual information for the benefit of other investors. Happy hunting. Have a good weekend all.
First, we cannot escape the fact that public subsidies will be needed. American cash for battery firms could total $150 billion over the next 10 years, which is an enormous amount of subsidy, while European subsidies are at around three times what we are currently providing. By contrast, the UK’s automotive transformation fund has just £850 million, and some of that has been burgled for other purposes. We think the Chancellor will need to put in more money for subsidies, and we call for an international study to benchmark what subsidies others are providing, so that we can ensure that our financial offer is internationally competitive.
Yesterday, the Chancellor announced £2 billion for zero-emission vehicles, batteries and associated supply chains over five years, but those five years begin in 2025. That was part of a £4.5 billion fund for advanced manufacturing. We do not yet know, but we assume, that the £2 billion extra is in addition to the £850 million already in the automotive transformation fund. Presumably, that fund will be the mechanism through which new funding is invested. There have been problems in the way the fund has been administered, and there are crucial questions about the timing of the funding, because the Government have only a very short window to get the advanced manufacturing money moving.
https://hansard.parliament.uk/commons/2023-11-23/debates/90ECC901-3896-4437-8A76-ACA2890D0385/BatteriesForElectricVehicleManufacturing
GM for the vote is on Dec 4th in London, a week from monday. May tag along to it out of interest, we will see.
Noted Triton71. I am recording everything you post. I gave you fair warning to cease and desist.
https://www.handbook.fca.org.uk/handbook/MAR/1/8.html?date=2016-03-07
RULLIONOTE. Indeed, it was well hidden. But now its out there, we now we have a level playing field for investors here to understand what is going on. The manipulators, try as they may, have really not a lot to go on at his market cap. When this stock takes off it will be extraordinary imo. atb
That's the spirit HorisM. Might well happen if they carry on like this. Politicians eh.
I am full square behind AMTE moving to the US, getting a NASDAQ listing and away from the cesspit of AIM.
Artji - Just checked your post history. to discover that you are another AMTE serial de-ramper to add to the list with Triton71.
Why so much interest in a £1.4m market cap AIM tiddler?
Manipulation?
At the very top of the Private Equity Find "GEN II" homepage you will find:-
"Gen II Initiates Major European Expansion with Acquisition of Crestbridge"
https://gen2fund.com/
Legal Address
RAWLINSON & HUNTER LIMITED
C/O RAWLINSON & HUNTER LIMITED
WOODBOURNE HALL, P.O. BOX 3162
VG1110
ROAD TOWN
VG | British Virgin Islands
Headquarters
C/O CRESTBRIDGE UK LIMITED
8 SACKVILLE STREET
W1S 3DG
LONDON
https://www.lei-lookup.com/record/213800BBSD1VYOIUUK08/
Rawlinson & Hunter are accountants
https://www.rawlinson-hunter.com/
Crestbridge are now owned by GEN II
Same here HorisM, I think we should vote that deal through. Glad you have changed your view. It would be a real shame for Scotland though and real missed opportunity for the Tory party of failure. They will be out of power for a generation if they carry on as they do. What do they offer to the country? Absolutely nothing imo. And I am not a left winger.
well if so the links shown today to the us will have to do! the uk will remain the ******ed backwater that it seems to be fast becoming.
Strange day today, seems manipulated. No one was really buying any real quantity of AMTE lower than here ever. Waiting for opportunities. GM to vote for the deal on offer is on 4th Dec.
Shares in Issue 166.26m
Market Cap. £1.41m
I agree re moving this to the US, possibly the quickest route for AMTE to get some of that US Government funding thats on offer and ramp up faster.
Re Sodium Ion tech, where AMTE has a global lead, Sodium Ion is now starting to compare with the energy storage capacity of Lithium Ion, at a much cheaper price.
Northvolt has made a breakthrough in a new battery technology used for energy storage that the Swedish industrial start-up claims could minimise dependence on China for the green transition.
The Swedish group, backed by Volkswagen, BlackRock and Goldman Sachs, has developed a sodium-ion battery that has no lithium, cobalt or nickel — critical metals that manufacturers have scrambled to obtain, leading to volatility in prices.
Peter Carlsson, Northvolt’s chief executive and co-founder, told the Financial Times that the new technology could be worth tens of billions of dollars as it opens up regions such as the Middle East, Africa and India for battery-powered energy storage for the Swedish group.
https://www.ft.com/content/826fb9bb-b27f-4c68-ad4b-a54ad74713c9