Member Info for SmartPunter

"A Systematic Internaliser (SI) is an investment firm which, on an organised, frequent systematic and substantial basis deals on own account when executing client orders outside a regulated market, an MTF or an OTF without operating a multilateral system."

11th, 1million buy

Asked whether there are other projects in South Africa similar to Phalaborwa rare earths one, Buthlelezi responded: “We would not be aware of extraction projects of a similar nature since they do not involve mining minerals from the ground. In such cases, they would not require a mining right or permit.”

"Rare Earth Mining Margin Curve ($/kg)

Phalaborwa’s operating cost is considerably lower than traditional rare earth projects

This favourable profile positions Phalaborwa as the highest margin rare earth project in development today outside of China, using data compiled by industry consultants Argus"

Bennett could not disclose how much money had been set aside for the rehabilitation project.

The answer is there is a $500m fund set aside to pay for rehabilitation , that was mentioned a few years ago. How much RBW will get is unsure but maybe we will get the lot. You can hope.

Tony

Don't mention RBW here. You caused me to visit this forum in the first place with your bonkers comments.

To be clear, RBW are awaiting test results and will approach finance with their DFS.

They are not struggling.. Funded by royalty sales.

The market cap will obviously increase with the new shares.

But with that level of dilution dont expect a SP increase. Quite the opposite.

"CSE: PHOS – FSE: KD0 – OTCQB: FRSPF

About

News

ASSETS

LFP-Battery

Phosphate

Partners

Investors

Contact

fr_CAfrançais

First Phosphate Enters into LOI for Rapidwall Manufacturing Plant to Support Housing for Rural and Indigenous Communities in Canada and the United States

SAGUENAY, QUEBEC – (May 8, 2024) – First Phosphate Corp. (“First Phosphate” or the “Company”) (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) is pleased to announce that it has entered into a partially binding letter of intent (“LOI”) with Rapid Building Systems Pty Ltd (“RBS”) of Adelaide, Australia for the development of a Rapidwall Manufacturing Plant in the Saguenay-Lac-St-Jean Region of Quebec, Canada. Upon acceptance of terms for the supply of a Rapidwall Manufacturing Plant by RBS, First Phosphate will be granted a license for the exclusive sales and marketing rights for Canada to RBS’s Rapidwall and Rapidseal products.

The Rapidwall Manufacturing System would allow First Phosphate to upcycle the clean phosphogypsum produced from its proposed purified phosphoric acid (“PPA”) plant into building material panels which could be used to support housing for rural and indigenous communities in North America. Rapidwall pilot video can be seen at: https://www.firstphosphate.com/rapidwall.

Rapidwall is a prefabricated load bearing walling panel manufactured in a moulding process using glass-fibre reinforced, water-resistant gypsum plaster suitable for use in single, double or multi-storey housing and for commercial and industrial development.

Rapidwall eliminates the need for bricks, timber wall frames and plasterboard as it serves as both the internal and external load bearing wall, and in turn, reduces the use of more greenhouse gas intensive construction materials relative to traditional building practices. "

This is the prize phosphoric acid plants are aiming for, the possibility of selling the gypsum to build housing.

Rainbow CEO, George Bennett joined TDi Sustainability's Assheton Stewart Carter along with Gareth Walsh and Theophilus Archeampong to talk about maximising Africa's critical mineral endowment in advance of the Investing in African Mining Indaba which commences this week.

Listen to the full podcast at the link below:

https://lnkd.in/e8iR3SzD

hashtag#miningindaba hashtag#indaba hashtag#netzero hashtag#criticalmaterials

Rainbow Rare Earths CEO, George Bennett, presented today at the Benchmark Mineral Intelligence World Tour in Cape Town. George joined presenters from Anglo American, Ivanhoe Mines, and Sibanye-Stillwater in outlining the pathways to advance the energy transition.

https://www.linkedin.com/posts/rainbow-rare-earths_energytransition-rareearths-innovation-activity-7292481347724476416-7W76?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAtyqkoBQK1hxE23jlF5Blz11eN5msOMqF4

Getting raw materials is crucial to USA. Funding for RBW has bipartisan and bicameral support

Rainbow Rare Earths

A longer shot would be Rainbow Rare Earths’ envisioned separation facility in Florida benefitting from de-regulation.

https://treo.substack.com/p/new-prc-trade-war-measures-potus

"The Lulea facility will process mining waste to produce rare earth concentrate, phosphoric acid and gypsum, with full operations expected to commence by the 2030s. The plant will initially focus on waste from the Malmberget mine in Gallivare."

", will forever be solved."

I love a little magic.

What they shoud have done is raise money on the project or got a loan guarantee from the government.

Deepseek, what is the probability of improving blockchin mining using AI

"Challenges: Blockchain protocols like Bitcoin use fixed cryptographic puzzles (e.g., SHA-256), which are designed to be computationally intensive and resistant to optimization. AI may have limited impact on such protocols but could be more effective in blockchains with flexible mining mechanisms."

Canadian Mine is probably First Phosphate.its a new mine.

Saudi government approached Rainbow to investigate the stacks.

Umbarata site will process up to 5m tpa direct from output not from stacks. 50% higher grades 70% recovery rate already achieved. My estimate is NPV will be 2.5 South Africa, so $1.8bn. Projectvwill move fast as Mosaic are very keen.

Final pilot plant results a couple of months.

Talking finance starts next week.

Https://youtu.be/imfDoBmewzg?si=Tqr_sQPZWluXmHrP

>> Saudi Arabia

Figure I saw for Saudi was 0.4%, about the same as South Africa

But there are many an varied sites for PG REE extraction.

The Saudi Arabian Mining Company is processing PG for CO2 reduction. Nothing to do with REE, must be other sites

Damn. Missed it.

Got a link to the video?

Any details about the other sites? I know Saudi have trillions to spend on minerals.

Why does it have a mcap of £50m ?