Member Info for smkr

Yup. Just hang on in there, remember what was said early December, and video other day. It’s coming…

“Kodal notes the increasing demand and price for the spodumene concentrate type it intends to produce and how the current market price exceeding US$2,300 per tonne of concentrate compares very favourably with the price of US$680 per tonne used as the initial price in our 2020 Feasibility Study. We have outlined a work programme required to update our feasibility study and increase confidence in our existing mineral resource estimate to allow a final investment decision in the first half of 2022.”

From analyst in a Bloomberg article.

“Producing lithium to use as little electricity and water is a critical goal,” said Ken Hoffman, senior expert at McKinsey & Co. “Coming up with one or several of these novel ways to produce ‘green lithium’ will be vital to the long term success of this industry. Whomever is able to deliver this technology, they should see very strong returns.”

That prize has spawned a raft of startups. Many are pursuing direct lithium extraction, a term used to describe ways to chemically capture lithium compounds that would speed up production.

"DLE can massively increase supply,” said Hoffman at McKinsey who estimates the technology could come online as soon as late next year. “You don't need two years of drying lithium out from brine. And instead of getting about 40% of lithium out of the brine, you can get more than double the amount."

Regardless of how this works out in the very short term, there’s something coming imo. This next couple of years probably the best time ever for Lithium investing.. as momentum gathers pace. Gla

from 2min 20 on the video.. :-))))

Exactly mate. Funny how they point out the issue then promote their own bags lol

More money flying into African Lithium

https://twitter.com/sino_market/status/1531596502639906817?s=21&t=fpERuZppupM4fcR69nKm5w

China's EV leader BYD is in talks to buy 6 African lithium mines that could meet its battery demand in next ten years: ThePaper cites sources
#China #EVs #LITHIUM #BYD

https://www.forbes.com/sites/gloriaharaito/2022/05/30/chinese-mining-billionaire-to-invest-300-million-in-zimbabwe-lithium-project/

Money keeps flying into African lithium

Fingers crossed - it’s the last chance to top up under funding price

https://www.worldoil.com/news/2022/5/25/petrodel-resources-reviving-natural-gas-operations-in-tanzania/

It’s entirely possible they do a deal ahead of dfs. ALL was fully funded to production with a dfs as one of the stages, PREM took a 12m investment to fund a dfs. Companies are getting into lithium deals earlier and earlier due to scarcity.

Sorry Roddersfield I don’t have that info. I thought you hadn’t seen the comment in rns on % they could trigger.

"Still currently cheap as chips, is a buyout a risk?" .. an offer maybe. But it would have to be accepted by shareholders. And if one did materialise, there would most likely a bidding war if it was a lowball one. There's a global scramble for lithium assets at late stage or early production. 3448 bids from 21 participants for the recent auction on this lithium mine lol.

https://www.mining.com/web/mine-auction-draws-3448-bids-amid-scramble-for-lithium/

Silly money flying into EV related resources. Globally.

https://www.kedglobal.com/batteries/newsView/ked202205110024

https://auto.economictimes.indiatimes.com/news/auto-components/chiles-sqm-to-invest-900-million-as-lithium-capacity-expands/91117344

There ain’t many listed that are sat right at an investment stage like KOD. Just saying..

Another Mali buyout

https://www.mining-technology.com/news/canadas-b2gold-acquire-oklo-resources/

It’s in the RNS about the PFS in December.

“The results of the updated PFS will be important in guiding the Anglesey Board in the options to bring the Grangesberg Mine to production and on its Right of First Refusal over an additional 50.1% of the project.”

Looks much better today. Jorc 1.2mt LCE very soon

Definitely correct Polly. That’s the game that CTL are in and will be one of the first to market .. production in 2024.

https://www.transportenvironment.org/discover/how-eus-new-battery-law-can-help-europe-lead-green-battery-race/

If Grosvenor come back with the financing, it’s around 3 quarters of current market cap, but now IRON have other possible option in place at 1.25p. Interesting times.

“ In addition to the Subscription Agreement, the two parties have now agreed subject to contract an additional transaction which, if completed, will see Grosvenor purchase 51% of the equity of one of Ironveld's subsidiary companies, Luge Prospecting and Mining Company Pty Limited ("Luge") for ZAR 50 million (approximately GBP2.4 million), taking Grosvenor's total agreed investment in Ironveld to approximately GBP8.0 million.”

https://twitter.com/IronveldPLC/status/1529024434614546433

#IRON will produce, when fully operational, 20,000 tonnes of high purity #iron, 190 tonnes of #vanadium in **** and 3,800 tonnes of #titanium in **** per annum, with existing offtake contracts and marketing agreements in place. #mining

Sounds to me if they’re going to create a funding round or proposal for further Middle East investment, not only the original guy. Tintra are embedded in this area deeply.

"This watershed moment now allows us access to capital that we were unable to access due to cultural sensitivity"