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Language used and government already part funding SML suggests it is most likely SML.

Could we see a larger funding package shortly? They funded a lithium project with around £30million recently for comparison.

Yes trojan.

Buying into a multiyear bear market not even the best run company would survive, now buying into a new bull market like we are potentially seeing in lithium is a different story.

There is a reason why Recyclus just met with the prime minister.

Coming’

I am not saying TM1 has been a well run company but with lithium coning out of a 5 year bear market things are starting to look up here.

Buying anything UK based and lithium looks like an easy move over next few months.

Yes stillwaiting good spot.

I wonder who they are talking about when they mention county durham.

Would make sense why the institutional investors came on board recently, got whiff of what is about to land perhaps.

It is actually a massive stamp of approval for SML, they can only really be talking about us.

Looks like government want to be a significant backer.

We are still early in this journey.

£100s of millions per annum in revenue at full production, we can do guess work on what 8% of that is worth to MAC.

Credit to poster on another board, government posted this yesterday -

"The strategy will see the Government work with the sector to harness the UK’s world leading capability with Europe’s largest lithium deposit in Cornwall, one of the largest sources of tungsten globally, one of the largest nickel refineries in Europe in Clydach, Swansea and the only Western source of rare earth alloys used in the magnets found in wind turbines and F-35 fighter jets, amongst others."

Full link from government site...

From smartphones to fridges: UK to end overreliance on imports of critical minerals - GOV.UK

https://www.gov.uk/government/news/from-smartphones-to-fridges-uk-to-end-overreliance-on-imports-of-critical-minerals

Great find.

I wonder who they are talking about? Gets better and better.

“Government work with the sector to harness the UK’s world leading capability…one of the largest sources of tungsten globally”

Nothing wrong with being careful but times change and ZEN looks in very good position compared to a year ago.

Solar business starting to motor forward, aswell as Italys largest uranium deposit is a spectacular turn of events.

And with news on ICSID in April you would think that will attract a lot of interest over next few months, markets are all about timing.

MILA operations in Australia in a prolific producer zone is worth much more than where JAN is located, not to say JAN does not look good because it does.

Thank you.

Very impressive.

24p a share analysis, what makes it even more impressive is that just based on the solar business?

I take it that does not include the $1 billion uranium in ground deposit or the $580million legal claim.

Davidous just checked it was Friday pricing, so a 9.88% increase on Friday alone.

Wowzer tungsten europe up 9.88% in one day.

It is no wonder europe is starting to panic, Incredible.

Roger am I mistaken I thought MAC own 8%?

And you are right, lithium price has been in the gutter for 5 years so no surprise no one wanted anything to do with lithium companies. But with lithium on the rise and europe stock piling critical metals and ‘green’ metals could be a sensational move.

Keep an eye on ALK big clues there with UK government over coming weeks.

The buzz in the critical metals space is electric. Really is right time right place a major drilling campaign into a historic tungsten market is a bit lucky but we all need luck sometimes.

Roll on results.

Another UK based lithium company ALK starting to rerate ahead of their funding.

Read across to MAC?

Dennis Rowland has put a picture up on X and some more information on drill operations.

Beautiful picture.

Yea I think everyone is reading too much into it. Just market makers fishing in a weak wider market as we await news.

Good time to add if you believe tungsten continues generational bull run.

In relation to wealth fund this makes for an exciting read.

Government heavily investing into UK lithium, Weardale/MAC next?

https://www.nationalwealthfund.org.uk/publications/financing-growth-powering-change