GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
i knew that sounded familiar… when discussed in this thread… it’s almost a copy and paste… lol…
it is estimated that the mine and processing facility will have an initial production capacity of approximately 35,000 tonnes of lithium compounds… with scaling potential of up to 50,000 tonnes per annum…
sorry forgot… gm have thacker pass now don’t they… paying market rates at the time of sale x formula… to repay their initial $650m investment for 10% lac… (i’ve seen a deal like that before… but on a much smaller scale)…
it doesn’t… nor can they afford to buy it… so the end goal will be achieved where the deal includes a few gigafactories and ev car plants etc dotted around in mexico… mexico receiving revenue and taxes etc from all this investment development and production along with significant employment opportunities… win-win-win… they won’t let anyone export lithium until there is a significant supply chain established in mexico… and all exports will be production over and above this… the alternative… thacker pass… which won’t benefit mexico at all…
what nationalisation is this… if like oil… mexico already owns the mineral rights… always have… hence the 7.5% royalties and taxes etc… if like america… land rights include mineral rights… they didn’t but do now… but nothing different…
in 2014… the mexican government introduced a mining royalty of 7.5% on mining revenues based on the same taxable base as for calculating income tax with the exception of excluding depreciation amortisation and interest (i.e.: 7.5% x ebitda)… this royalty is itself deductible against the net income used to calculate general corporation income tax at 30%… the royalty is applicable to the holder of the mining concessions…
it doesn’t say that… but does describe the situation with megalit… in any case… they own the surface rights… including megalit… lol…
surface rights sufficient for mining operations are obtainable have been purchased from local landowners… should such activities develop on the concessions and title is currently held by msb…
in july 2014 and as part of bacanora’s admission to the aim market on the london stock exchange… a legal opinion was prepared in relation the mineral concession status… the opinion prepared by melicoff & asociados abogados confirmed that…
each mining concession is in full force and effect and has been duly validated by the mexican mining bureau and is free from any liens and encumbrances…
each mining concession was validly issued for a period of 50 years…
each of the mining concessions are in good standing… and they are not subject of any unusual or onerous conditions… and their existence or validity will not be effected by any change of control…
bacanora and cadence do not see any reason why the pending applications which have been granted full concession status by the ministry of mining will not be approved by the ministry of mining and confirm that these transfers are being processed…
the sonora lithium project consists of seven concessions which confer rights for exploration mining and production… in addition… bacanora is a 70% owner of an additional 3 concessions… which surround the sonora project… which are not part of this mre or fs…
master plan 3… the path to a fully sustainable energy future for earth will be presented on march 1… the future is bright!!!
part 2 was the missing link… batteries… but never explained the masterplan on how to produce enough batteries at scale to supply the earth 100% from renewable energy 100% of the time…
america isn’t quite the same as the uk… brazil… and most other countries… https://youtu.be/NwzaxUF0k18 …
i do now wonder if they have used a us template in the concession licenses and/or land rights… including the mineral rights… generic or specifically lithium and other elements… and that’s what mexico is trying to correct… nationally…
neither is the way that governments generate revenue from their national resources… such as oil… https://www.gov.uk/government/statistics/government-revenues-from-uk-oil-and-gas-production--2/statistics-of-government-revenues-from-uk-oil-and-gas-production-july-2021 …
https://www2.bgs.ac.uk/mineralsuk/planning/legislation/mineralOwnership.html … if it’s national ownership and private exploitation in the same context as oil… it’s nothing unusual… what’s all the fuss about…