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PMC2022 Great post, thanks.

Do you read the following extract from the article you linked, as ruling Lithium batteries out?

"We recognise that there was concern raised around some technology types, such as lithium-ion (Li-ion)

batteries being ineligible for support. We can confirm our intention that any technology type

can apply for support for this LDES cap and floor on the basis that it meets the definition of

electricity storage and the minimum stream eligibility criteria, but we will maintain our principle

of additionality in that only projects that could not otherwise move forward to investment

decisions should be supported."

It almost needs a translator!

e.g. "minimum stream eligibility criteria" and "our principle of additionality" and "could not otherwise move forward to investment decisions" as often the devil is in the detail.

Many thanks all, got it. Not news...........

Something has been announced in Canada by CUSN on SEDAR about an hour ago.

I am struggling to access it. Anybody else see it?

Bubble You have got your timing dead right over the last few years. I am optimistic your success will continue. Hope the funds arrive in time.

At around 13.30pm in the Budget speech :- Re investment by the Government.......

1. Will be delivered by expert bodies such as the National wealth fund (Was UKIB)

The Wealth fund should earn a return at least as large as that on Gilts.

2.Strengthen role of institutions to improve infrastructure delivery

3. Set capital budgets for 5 years

4.Robust annual reporting based on accounts audited by the NAO and made available to the OBR

My point:-

If the Wealth fund only has to exceed the return on gilts, it has the potential to provide extremely inexpensive finance. Currently the return on 10 year gilts is 4.31% having risen from 3.76% in mid September.

"Rachel Reeves is expected to use her Budget on October 30 to announce companies bringing critical minerals like lithium, cobalt and graphite into UK manufacturing will get access to UK Export Finance, according to Government sources"

Source

https://www.msn.com/en-gb/money/other/key-mineral-importers-to-get-more-cash-help-at-the-budget/ar-AA1sSrMf

NCJR

Looking at a recently linked article on ALK site

in particular the statement:-

"Rachel Reeves is expected to use her Budget on October 30 to announce companies bringing critical minerals like lithium, cobalt and graphite into UK manufacturing will get access to UK Export Finance, according to Government sources"

It doesn't say into the UK, it says into UK manufacturing. Sounds to me as if UK Export Finance is going to be available to miners of critical materials not just importers. So that may mean helpful financing...........

See 2nd para of

https://www.msn.com/en-gb/money/other/key-mineral-importers-to-get-more-cash-help-at-the-budget/ar-AA1sSrMf

Good morning Bubble. Maybe buying now ensures a place in the queue.................................... Its beginning to look as if there will be a scramble to get shares in any issue.

There are a number of actions the government could take to help the UK miners, reducing our vulnerability to critical metal loss, increasing employment, and helping disadvantaged areas.......

1. Make the mine sites "freeports"

2. Underwrite a minimum price for all critical metals so that foreign price manipulation could not kill off our companies before they can compete. This would be like a minimum price guarantee for the electricity generators, but could enable the Government to build a strategic stock

3. Provide funding through the UK wealth fund (was the UK Investment Bank) and do so on the same basis as offered to existing shareholders, not some vulture deal as we saw with Cornish Lithium's funding.

4. Bring back red diesel to power generators at the mines, which are very heavy users of power and have to compete against companies abroad being charged 1/3rd or a 1/4 of the price here. Or help our companies produce their own power on site with turbines.solar etc

5. Provide employment incentives

6. Pay for student funding.

7. Pay for a UK based smelter to avoid the massive transport costs arising from transporting concentrates to the other side of the world.

8. Speed up EA and local authority decisions reducing expensive delays as seen at TUN

Anyone one got further suggestions?

I am wondering if there may be some funding or grant announcements in tomorrows budget.

There is a good presentation which includes a section on tin (TUN's secondary product) in the CUSN presentation:-

Https://ukinvestormagazine.co.uk/cornish-metals-investor-presentation-october-2024/

Fawzi Hanano does a great presentation and gets the key points across well. Clearly worth listening to several times. If the company continues to present this info to potential shareholders I think they will arouse a lot more interest.

Does anybody else think there could be some announcements tomorrow in the budget re funding or grants for mining companies in the SW? I would not be surprised if there are.

A number of geopolitical factors are affecting the demand of Tungsten. These include:

Defense Procurement Act 2026: This law, effective in 2026, bans the use of Chinese tungsten in the U.S. defense industry.

The Atlantic Declaration 2023: This declaration aims to secure US-UK leadership in critical technologies, enhance economic security and technology protection, promote responsible digital transformation, develop clean energy, and strengthen the alliance in defense, health security, and space.

China's Rare Earth Export Restriction (2010): China restricted rare earth exports to Japan amid tensions over the Senkaku Islands, prompting Japan to fortify its mineral supply chains.

China's Metal Export Limits for Chipmaking (June 2023, CNBC): China imposed export restrictions on key chipmaking metals in 2023, signaling tech competition with the U.S. and Europe.

China's High-Tech Manufacturing Ambitions: China aims to become a high-tech manufacturing powerhouse to rival the U.S., potentially using its rare earth resources as leverage due to their vulnerability for Japan and the U.S.

Warning on China's Chipmaking Exports (June 2023, Reuters): An advisor cautioned that China's export restrictions on chipmaking materials are just the start of a broader strategy, especially relevant ahead of U.S. Treasury Secretary Janet Yellen's visit.​

Source :- Company website

PRK1 " His slide deck was very much a salesman's presentation."

Have you seen a slide deck from Don? If so is it different to those now available on the Co website?

The company has always produced excellent presentations and these are available on the Co website.

The latest (October version) is available through the investors section:-

https://res.cloudinary.com/investorhub/raw/upload/v1729126873/leaf-prod/212/documents/Cornish_Metals_-_Corp_PPT_-_October_2024_tck7gn.pdf

while the older May version and PEA call are accessed through the home page. https://cornishmetals.com/

And mine, but interesting to see what is going on nevertheless........

https://www.apcuk.co.uk/wp-content/uploads/2023/12/Q3-2023-Quarterly-Automotive-Demand-Forecast-Report.pdf

Thanks for the link CUSN comment starts 12.07

Kooba "...... Far better to help finance uk companies proposing to mine critical metals in the Uk......

Given the talk about investing £25bn it seems increasingly likely we will see exactly that.

Pawgee - Many thanks for posting the article. I think Alkemy is likely to be a big winner and possibly Pensana too. - Alkemy's share price move the last 2 days seems to confirm it.

I tried the link you mention again. It did not work - it took me to an offer to subscribe page.

Https://www.msn.com/en-gb/money/other/key-mineral-importers-to-get-more-cash-help-at-the-budget/ar-AA1sSrMf

Https://www.msn.com/en-gb/money/other/key-mineral-importers-to-get-more-cash-help-at-the-budget/ar-AA1sSrMf

Thanks Pawgee - I do not have access, would you cut paste relevant bits?