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Shares in Beowulf (BEM:LSE) are 10% higher in early EU after a governmental body ruled that delays at Beowulf’s Kallak are not acceptable.

The Scandanavian-focused development company is advancing the Kallak iron ore project in northern Sweden. The country’s Constitutional Committee or "KU" said administrative project delays are not acceptable.

"KU has examined the application for a processing concession for Kallak. In the Government case, no visible administrative measures were implemented for almost three years. This means a delay that is not acceptable", according to KU.

"It also appears that the applicant has on several occasions asked the Ministry of Trade and Industry for a meeting. The Ministry has then stated that this is not possible because the issue concerns a forthcoming Government decision and is a matter under consideration."

However, the KU will have no bearing on the final decision that Beowulf hopes will now come sooner.

Sven Otto Littorin, Chairman of Beowulf stated, "The Ministry's recent move to consult UNESCO, as a means to satisfying all partners in Government that the Company's application is good and meets the requirements, seems to have anticipated the KU's findings."

"The Company voluntarily produced an HIA in April 2017, and while we believe the Government should have reached its decision three or four years ago, on the basis of that report, we can be patient for a little while longer. The Company has done all it needs to do to be awarded a permit for Kallak."

"In the past, Kallak has created strong feelings and some anxiety. At the same time, we cannot choose where the ore is located. At the end of the day, the question is whether we should mine 'pure ore' in Sweden or import 'dirty ore'. If we choose the latter, then we export our needs to countries that may be incapable of meeting the standards that we aspire to, such as fossil-free supply chains, and we don't deliver on the vision expressed by the Prime Minister in recent days of building green communities, reducing emissions and creating new jobs."

"Gigantic LKAB, the state-owned iron ore company, is investing now to renew its installed technology, which will take time to do, to achieve its net-zero ambition by 2045. Relatively speaking, we are a small entrepreneurial company that can build everything right from the start and achieve the goal of being a fossil-free producer within five years."

"While the issue of Kallak is somewhat politically charged, I like to work with these challenges and I would, most of all, like to work with the community in Jokkmokk, to make the town a national centre for sustainable and skills-developing mining in collaboration with partners, such as Luleå University of Technology. It would mean a lot to the municipality and create hundreds of long-term jobs for decades to come."

whoops this one

https://www.kitco.com/news/2020-11-27/Beowulf-release-a-statement-regarding-the-Kallak-iron-ore-project.html

Phalaborwa Rare Earths Project

tell me what the percentage is of actual pure Neodymium in the concentrate? Because at todays price say $45000 per ton of actual neodymium trying to calculate the numbers.

IS IT 1% in the concentrate or is the concentrate much higher?

George Bennett, CEO, said: "I have always believed in the long-term opportunity for the Gakara project to deliver a commercial scale operation into growing rare earth demand and rising prices. The updated Exploration Target announced today is the first step on that path. Over the next 12-18 months we plan to deliver the financing to execute our exploration strategy, upgrade our Exploration Target to JORC compliant resources, and complete a technical study on a modular development initially targeting 5,000 tonnes per annum of rare earth concentrate.

speaks volumes!

"This will result in the number of Director Settlement Shares being issued in satisfaction of the £780,900 of deferred fees decreasing from 260,299,999 to 52,774,570, at an effective issue price per share of 1.48 pence"

considerably in 2021 look at the pre covid spike and drop through the pandemic.

Now EV is really gathering pace i expect a swift recovery in prices and Vanadium to rise substantially in the next two years

EV batteries used as energy storage may also quell the problem, says the Green Alliance, and “could store enough power to keep the UK’s lights on for 7 hours at a time by 2025”, given the right government intervention, the thinktank said. The storage would help to even out the peaks and troughs of demand, and could be recharged at off-peak times.

Green Alliance’s acting policy director, Dustin Benton, said: “Small-scale energy is growing rapidly because consumers are choosing it, regardless of government subsidy. With the right policy, EVs and solar could help keep the lights on and cut consumer bills. Political parties need to outline how the large-scale energy the UK needs and the small scale energy people want can work better together.”

James O'Neill, UK director for Ensto EV solutions, explained that the need to upgrade to smart chargers was paramount to solving the problem, and storing the energy required to charge a car at off-peak times for usage when required would alleviate the potentially strained grid points.

"As people increase EV sales they want to charge, if they can’t charge they won’t buy an EV. We need to think about smart charging now, and hope the push to truly smart charging happens quickly." O'Neill also explained the need, given the credibility of the overload threat, for home energy storage solutions and smart home energy solutions to create micro-grids within the local grids, to better manage the energy supply and volatile demand fluctuations, as opposed to increasing it.

Folks are flocking to tech but the reality is that tech and EV will be useless if theres no power at the plug.

To PLUG the gap battery storage will be essential to be on standby to instantly provide a power boost to the grid.

https://www.autocar.co.uk/car-news/new-cars/rapid-ev-take-could-cause-blackouts-national-grid

the recent placing / raise

was intended to give IRON sufficient funds to weather any shenanigan's to get to a major deal!

They know what the future value of Vanadium will be as the worlds understands there will be huge demand for power storage with the huge surge of EV

https://www.bbc.co.uk/news/magazine-27829874

will be the next decades most important metal

https://www.sciencemag.org/news/2018/10/new-generation-flow-batteries-could-eventually-sustain-grid-powered-sun-and-wind

REMINDER

These V-flow batteries can be quite large and best suited to industrial and utility scale applications. They could never fit in an electric car, so the Tesla battery is safe for now. But the V-flow battery outcompetes Li-ion, and any other solid battery, for utility-scale applications. They’re just safer, more scalable, longer-lasting and cheaper – less than half the cost per kWh.

Storing energy for the future is becoming more important as power generation evolves and we need to be more creative, and less costly, than we’ve been so far. We have the tools – batteries, pumped storage, thermal – we just have to deploy them fast.

Hence, the importance of the V-flow batteries.

Need to make sure IRONVELD IS NOT STOLEN FROM PRIVATE HANDS!!!

These V-flow batteries can be quite large and best suited to industrial and utility scale applications. They could never fit in an electric car, so the Tesla battery is safe for now. But the V-flow battery outcompetes Li-ion, and any other solid battery, for utility-scale applications. They’re just safer, more scalable, longer-lasting and cheaper – less than half the cost per kWh.

Storing energy for the future is becoming more important as power generation evolves and we need to be more creative, and less costly, than we’ve been so far. We have the tools – batteries, pumped storage, thermal – we just have to deploy them fast.

Hence, the importance of the V-flow batteries.

Need to make sure IRONVELD IS NOT STOLEN FROM PRIVATE HANDS!!!

https://energypost.eu/can-vanadium-flow-batteries-beat-li-ion-for-utility-scale-storage/

Lithium ion batteries are what we know now. They can pack a lot of energy storage in a small, light battery, making them the battery of choice in small electronics such as laptops and cell phones.

But Li-ion batteries have too short an operating life and have issues such as rapid heat generation. For the near-future, they will dominate the small-volume niche such as personal devices and electric vehicles, but for the utility-scale commercial battery market, we need bigger systems that last longer.

Vanadium batteries

The latest technology to emerge is the vanadium redox battery, also known as the vanadium-flow battery. And the best one seems to be from WattJoule, especially because their cost is so much lower than other V-flow batteries.

V-flow batteries are fully containerised, nonflammable, compact, reusable over semi-infinite cycles, discharge 100% of the stored energy and do not degrade for more than 20 years. The Earth’s crust has much more vanadium than lithium, and we produce twice as much V as Li each year.

THIS PART

Once electric cars become the norm, electricity from intermittent generating energy sources such as wind and solar will need to be stored, probably through battery technology, he said.

FRANKFURT (Reuters) - Tesla Chief Executive Elon Musk said on Tuesday that electricity consumption will double if the world’s car fleets are electrified, increasing the need to expand nuclear, solar, geothermal and wind energy generating sources.
Increasing the availability of sustainable energy is a major challenge as cars move from combustion engines to battery-driven electric motors, a shift which will take two decades, Musk said in a talk hosted by Berlin-based publisher Axel Springer.
“It will take another 20 years for cars to be fully electric. It is like with phones, you cannot replace them all at once,” Musk said in a talk streamed on the Bild.de web site, adding that around 5% of vehicles are replaced every year.
Once electric cars become the norm, electricity from intermittent generating energy sources such as wind and solar will need to be stored, probably through battery technology, he said.
“Together with large battery packs, both things need to be combined, wind power with battery packs and solar energy,” Musk said.
Tesla is embarking on plans to build its fourth gigafactory in Europe’s largest economy.
“The best wind turbines are made in Germany,” he said.

LG Chem to double China battery capacity to meet Tesla demand: Reuters, citing sources
PUBLISHED TUE, DEC 1 20201:10 AM EST
Reuters
South Korea’s LG Chem plans to more than double the production capacity of battery cells it makes in China for Tesla Inc electric vehicles (EV) next year, sources said, to keep up with its U.S. client’s growth in the biggest car market.
The firm, a supplier for Tesla’s Shanghai-built Model 3, will also ship its increased output from China as well as Korea to Tesla’s factories in Germany and the United States, said two people with knowledge of the matter.
The plan comes as Tesla, LG Chem’s primary customer, scrambles to secure cells as part of an aggressive global production expansion plan, as it targets soaring demand fanned by governments promoting EVs to curb air pollution.

Does anyone realistically have a decent idea when they will decide?

This feels like finally the Swedish Government will need to grow some bxxxx and make a decision