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Radevormwald is roughly 300km from Pforzheim, which weakens the geographic synergy argument considerably compared to MIMplus which is 9 minutes away - cant see it myself. Only the company can clarify of course.

Execution on all fronts is key to get anywhere near 1billion. I think its reasonable to get to 50% of that in the next 12 months

And songwe and pulwy output drantley. If only we were listing on Nasdaq imminently. Oh, hang on....

I Finally Pulled the Trigger on a Rare-Earth Stock (and It's Not MP Materials or USA Rare Earth) | The Motley Fool https://share.google/CfspNONyrdV4Lg1Ve

I can see attention like this once we have the Nasdaq listing later this quarter

EU, US Near Critical Minerals Pact to Counter China’s Supply Chain Dominance - Bloomberg https://share.google/zLwnJYd7rcweALkqJ

Agree, not necessarily a like for like match, the heavy lifters could be JLR. It could mean they or others match at higher level..

Could the 2.2 from the raise for UK expansion be the amount to pay? This could free multiples of that, if it does a modest allocation represents meaningful non-dilutive capital for the UK operation.

Britain is throwing away the metals it desperately needs | LBC https://share.google/swUAquAGaxrUHokvb

Zero mention of any UK recycling, bad reporting or bad PR?

USA Rare Earth considers building French magnet plant - MINING.COM https://share.google/bUdTwmT41dGNLEvy2

Interested to understand why no link to MKA yet, they seem linked to everyone but. All PR perhaps and the American go big or go home

Well we were at a higher sp just after UK commissioning. Since then so much value add not reflected here today. Not to mention NdPr has doubled since then.

When will real value kick in? Hopefully some powerful drivers in Q2 to start with.

Critical Minerals Prices Climb As Hormuz Crisis Drags On https://share.google/LjBT03EZN4CNjVQY0

Yes, its just a load of shiz that saves effort of typing, made me laugh when challenged.

"Honestly, I should be transparent here. The evidence is thinner than I may have implied.

What we actually know for certain:

The Magnetics Magazine article from January 2023 stated HyProMag GmbH was "80% owned by HyProMag Ltd and 20% owned by Professor Carlo Burkhardt of Pforzheim University."

The current RNS boilerplate states Maginito holds "a 90% direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH." The word "assuming" is doing a lot of work there, and the 90% figure has been consistent across recent RNS announcements rather than 100%.

What this actually suggests:

The buyout has NOT happened yet. The convertible loan conversion is still pending, which is why it sits at 90% on an assumed basis rather than a confirmed 100%. Burkhardt still holds his stake.

What I inferred but should not have stated as fact:

I suggested the fundraise proceeds included buying out Burkhardt. Looking back at the use of proceeds breakdown, there is no line item for minority stake acquisition. The £4.33m is for the "synergistic German magnet business" which points to MIMplus, not Burkhardt's stake.

Burkhardt's warm quote in today's RNS actually suggests he remains a stakeholder and founding director in good standing, not someone being bought out imminently.

I should have been clearer about this distinction earlier rather than conflating the two. Thank you for pushing back on it."

December update said commissioning of HPMS and jet mill targeted by end of 2025, first production Q1 2026. Today's RNS confirms HPMS first commissioning runs completed, but jet mill is still "coming weeks." So HPMS is roughly one quarter late, and jet mill is still not done. However the sintering furnaces, which weren't even expected until December 2025, have now been delivered and installed, which is actually ahead of where you might have expected given the sequential delays.

The permitting caveat was the tell - the December update included "subject to permitting" on the Q1 2026 first production target. That caveat quietly flagged the risk. The federal ministry opening ceremony on April 28 suggests permitting is now fully resolved, which is why that caveat has disappeared from today's language.

So, despite your once again subtle negative stance on a stock you pretend to own, Germany slipped roughly one quarter on commissioning but is now clearly moving fast with federal government backing. For a company of this complexity operating across four continents simultaneously, a one quarter slip on Germany with a ministerial opening ceremony to follow is to be commended imho

Green box box benny active now, talking to themselves. Let me guess bullish now? All in? The sun is shining? Jog on.

This is a significant RNS and it is out this morning. Several things stand out immediately:

The Germany commissioning is real and happening now

First commissioning runs of the commercial scale HPMS vessel in Pforzheim are confirmed today. The plant is fully permitted for 750 tpa. This directly addresses poster comments here about Germany being a "CAD desktop vision." It is not a vision any more, it is running.

The opening ceremony on April 28 is huge

Presided over by the German Federal Ministry for Economic Affairs and Energy.

That is federal government level endorsement, not just Baden-Württemberg state level. Coming just after the placing settles on April 10, the timing could not be better for sentiment and newsflow.

Carlo Burkhardt is named as Founding Director

He is quoted warmly, talking about welcoming stakeholders on April 28. This does not read like someone who is being pushed out. It reads like a managed, consensual transition, which suggests the buyout of his 20% stake is either already agreed or being done on friendly terms. That matters because a contested minority buyout would be far messier and more expensive.

"Engaging with multiple customers"

This is the first time customer engagement has been mentioned in operational terms rather than strategic ambition. Still no named customers, but the language has moved from future tense to present tense.

WD mentions Japan, Canada and South Korea

The global replication ambition beyond UK, Germany and USA is now being flagged openly, confirming confidence in the core model.

The placing settles tomorrow and this RNS has dropped simultaneously, giving new placees immediate positive newsflow on their first day as shareholders and new tax year

5million Shares traded. I recall somone saying no interest here. Hmmmm

The Pentagon Has 268 Days to Replace America’s Most Critical Supply Chain | OilPrice.com https://share.google/Ok00GAQpUkBoblWGn

@biffa - timing is everything

The problem here has in part been Will/Alex approach to minimise dilution over the years that has been praised until now.

4 weeks ago we were bouncing at 50p, I suspect that they were looking to raise in the mid 40s, in part due to Myles commenting on the lack of traction following the DFS update including Poland and his comments on the trading range. Doesnt shout radio silence ahead of placing.

Then, Iran, where all REE stocks fell around 25% alongside a complete change to risk profiling when making investment.

Hindsight, raise when the going is good, not 11th hour.

Saving grace, opportunity is pretty much unchanged. Nasdaq and end of war are key to rearate, just dont expect £1plus quickly. I recall Pensanas project value for Angola being 65p and the Shares sat at 15p. Of course they jumped to 180p but fell back to the current strategic investment level today around 80-90p.

It will take time to derisk.

That said, MKA have a few more strings to their bow.

Execution from here is key. Intrigued at the German acquisition. I recall the hypromag one, hopefully this is also a game changer.

Stock, added some to my ISA this morning.

Lots of rare earths used in Artemis2. NDPR ticking up again. Placing floor under the

Kow - not ruling out anything but it needs yo be an oven ready business with IP. I would find it very unusual to have a raise to buy an expensive factory that they need to then commission.

"Beginning January 1, 2027, U.S. defense procurement rules will prohibit Chinese-origin rare earth materials across the entire supply chain, from mining and refining through metallization and magnet production."

Rare Earth Deadline Approaches | OilPrice.com https://share.google/nMyqtCkiZzCehrCmL