Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“the infrastructure bank has done six months of due diligence on us. that has been significant in getting other people comfortable that now is the time to back us,” said jonathan marren, the chief financial officer of invinity energy systems.
invinity’s capital raise is thought to be one of the largest in london this year and was oversubscribed. “we’ve had some big institutions backing us for the first time,” said marren. “that shows to me there is capital available. but i think you’ve got to have the story right. the hope is that we’ll get the market going again.”
invinity’s timing looks good. last week the g7 set a goal of increasing battery storage on grids sixfold by 2030. the move comes as governments look to wean themselves off minerals supplied by china, including lithium.
the company’s vanadium flow battery can emit 220kwh, enough to power 30 homes for a day. invinity claims that the 25-year lifespan of its product easily outweighs that of lithium batteries. flow batteries come in units the size of shipping containers and can be stacked closely together to generate more power. because they are water-based, there is no risk of fire.
“lithium batteries, while they have their uses, won’t meet all the requirements for energy storage, especially as the market demands longer duration to bridge the gaps in renewables,” said larry zulch, the chief executive of invinity.
vanadium is mined in brazil, china, russia and south africa but can also be recycled from iron ore ****. the ftse 100 giant glencore mines it in south africa. typically used to reinforce steel, it can also be used to store electricity. vanadium salts are dissolved into a water-based electrolyte solution that “flows” (hence the name “flow battery”) through a “cell stack” comprised of plastic frames and electrodes stacked together. this enables electrons to pass back and forth between the vanadium atoms, allowing electricity to be stored or released.
vanadium flow batteries are a relatively well-understood concept, zulch said, but they have taken time to gain traction as research has focused on lithium batteries. invinity’s customers already include scottish water and edf. three years ago it signed up the wind farm giant siemens gamesa as a partner to work on the next generation of its batteries. schroders is its biggest investor.
in the medium term, invinity plans to manufacture batteries in bathgate in scotland and vancouver, canada. it then hopes to license its tech in other markets, where batteries would be built by third-party manufacturers.
I’ve got a really good feeling on this for the coming year or two. There’s no way a state owned infrastructure bank would throw £25m into a listed co without a LOT of due diligence.
Also, the Mistral product was pretty much the main leading project with the US Department of Energy LDES funding round of $286m. How many validators do you want to see from state owned entities??
“ Noteworthy among the first group are new projects which will utilise the vanadium redox flow battery (VRFB) technology of Invinity Energy Systems and the carbon dioxide-based technology of Italy-based Energy Dome.
The DOE plans to fund six projects totalling 84MWh of energy storage capacity using Invinity’s latest VRFB product, Mistral, with deliveries expected in 2025. “
https://www.energy-storage.news/energy-dome-invinity-form-redflow-projects-among-does-us325-million-ldes-winners/
Ocado #OCDO breaking a 4 months downtrend. Decent volume last 2 days and channel break indicates a run to 560p. Stock can be squeezy. We are along for the ride now. Expecting 400p+ next wk.
https://x.com/alignresearch/status/1786381740094656955?s=46
Appointment of Sharjeel Suleman as Chief Financial Officer
The Board of Future plc ("Future" or "the Company"), the global platform for specialist media, is pleased to announce the appointment of Sharjeel Suleman to the Company's Board as Chief Financial Officer.
Sharjeel is currently Chief Financial Officer at ITV Studios, a role he has held for the last five years. Before this, he held a variety of senior finance roles at ITV plc including Director of Group Finance and Director of Investor Relations. Sharjeel started his career at KPMG, where he qualified as a chartered accountant.
Never mind Sebo. He said svml is a better opportunity at £149m market cap. Lol .. you’d have to see half a billion plus market cap to get the minimum gains you’ll see from here in coming months.. can’t see that happening on an illiquid share like that any time soon
Straightforward Path to Production
The Eastern Minerals project will utilise simple, well-established mining and processing methods, including excavator mining, gravity concentration, and magnetic separation. No new technology or complex processing is required. Capital Metals is targeting an initial production of 550,000 tonnes per annum of heavy mineral concentrate, which will be expandable over time.
From a permitting perspective, the Environmental Impact Assessment has already been approved and no major obstacles are expected in obtaining the remaining necessary permits and licenses. Martyr stated they are "very confident" in securing the required regulatory approvals over the next three months.
The mine and processing plant construction is expected to take approximately 12 months after the Final Investment Decision. If all goes to plan, this positions Capital Metals to commence production in early 2025.
https://www.cruxinvestor.com/posts/capital-metals-poised-to-bring-sri-lankan-mineral-sands-project-into-production
This is holding up so well. Any little bits if weakness have been snapped up for the whole of April. I expecting 30p plus before next news.. and that might not be far away
Svml is the most illiquid shard i’ve ever seen.
I compare this in a sense to when KOD got their 100m funding for 50% JV. It shot up fast from 30m.. went well over 100m at one point, and is still sat at 89m and it’s similar construction length etc.. maybe longer
Https://www.ukib.org.uk/about-us
We are the new, government-owned policy bank - launched in June 2021 - providing ÂŁ22bn of infrastructure finance and partnering with the private sector and local government to finance a green industrial revolution and drive growth across the country.
We are wholly owned and backed by HM Treasury, but we will be operationally independent.
When it does come onetime, anyone who’s bought before it lands, best hold onto their golden tickets, if circa $80m of capex is funded and revenue within 12 month, on top of resource expansion.. it ain’t going lower again