Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
ALK - the largest lithium refinery in Europe - 16mil mcap
https://www.telegraph.co.uk/business/2022/11/25/europes-largest-electric-car-battery-refinery-given-go-ahead/
We are also advancing discussions with financiers for the funding of its LSM and LHM processing facilities and has received significant inbound interest including from private equity, structured bond providers and institutions.
TVL is currently in advanced discussions with a number of offtake customers, including European gigafactories and electric vehicle OEMs. These customers are increasingly focussed on price, transparency and low embedded carbon, when sourcing high grade lithium products.
· Utilising state-of-the-art electrochemical processing and powered by 100% certified green energy, TVL's zero waste lithium refinery will be the largest in Europe - producing 96,000tpa of low-carbon battery-grade lithium hydroxide once in full production - equivalent to 15% of projected European demand.
TVL's processing refinery is expected to produce enough lithium hydroxide to supply 100% of the forecasted automotive demand in the UK, with a further 35% of its total production available for export to other countries in Europe and elsewhere.
https://www.business-live.co.uk/economic-development/prime-minister-opens-satellite-number-25607863#amp-readmore-target
https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy
Partnerships with BP, waredale and the Traxys Group in place with more to follow. License secure and lease for 30 years at wilton international freeport.
£248million funding is expected at the end of Q1 and iv had it in good word that hedge funds and institutions were visiting site last week considering to fund the project. And that offtake negotions are advanced particularly with one large party and that both are advancing well. None of the above is priced in at all.
Once funded with an offtake shortly - ALK are derisked to start producing 600mil revenues per annum for the first 2 years of production from Q4 2024 - expected to increase to 1.2 per year from late 2026 and then up to 2.4bn revenues per year.
The Mcap is currently in complete disconnect and the next 2 months will bring company making news. Further feedstock suppliers will be announced to maker anyday with Paul in WA to close them at the moment.
The markets either unaware, not getting it or believing the size and scale of what’s being built here
Still 15x less than the funding coming
More partnerships to be announced shortly
Offtake advanced
Working with majors and governments in 2 country’s
Gift territory remains while all of the above is on the way - and when lands ALK will be derisked to start producing 600million revenue for the first 2 years from late 2024 and 1.2bn and upwards from there onwards
If I had more I’d be throwing the kitchen sink at it right now before the next pieces of news
Boom - major lithium producer being built and nothing priced in at all
Countdown to £248 funding for the UK plant shortly
Working alongside majors and the government in Australia
Partnerships with large household names due anyday now
Offtake agreements months advanced
More news on all the above to follow - in the company making window
Could be double right now and still be cheap - and can credibility have a 1bn+ mcap in 2-4 years
15/16x less than funding amount
If you believe the Company's doing what they say they are then today's price is a gift
And after futher partnerships, offtake and funding land none of this week will matter and currently nothing priced in
Britishvolts failure should have had a the opposite effect on the SP as the need under the UKs critical mineral strategy is only enhanced
Have a good day all
What will we be worth after £248million funding
Funding and offtake
When producing 600mil revenues per year
And then 1.2bn and upwards per year?
Revenues derisked after funding which only gets closer along with other catalysts
So sorry sincerely wrong board
15/16x less than funding amount
If you believe the Company's doing what they say they are then today's price is a gift
And after futher partnerships, offtake and funding land none of this week will matter and currently nothing priced in
Britishvolts failure should have had a the opposite effect on the SP as the need is only enhanced
Have a good day all
What will we be worth after £248million funding
Funding and offtake
When producing 600mil revenues per year
And then 1.2bn and upwards per year?
Revenues derisked after funding which only gets closer along with other catalysts
Really worth re watching Paul’s talk in parliament - britishvolts failure to secure the 3.8bn government funding is bad for the UK while the urgent need for security of supply for the critical mineral remains. This makes ALK coming online even more urgent while specifically not looking for government funding. We’re currently 14x less than the funding amount to be recieved.
https://twitter.com/AlkemyCapital/status/1600480351557746688?t=HHLfeDQkuF6KQ1SnIEfSVg&s=19
@AlkemyCapital
Chairman Paul Atherley’s testimony to the
@UKParliament
BEIS Sub-Committee on National Security and Investment for their hearing on Critical Minerals and the National Security and Investment Act.
https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy
"The urgency to establish independent, sustainable, resilient supply chains to ensure national security and the success of the nations net zero plans"
https://twitter.com/AlkemyCapital/status/1605480587581603841?t=GzpY50oB4XLwqhPcsEoZcg&s=19
https://twitter.com/sdmoores/status/1612793917082066945?t=WkyeuH5DN1dXBdf_RFFBIg&s=35
https://twitter.com/AlkemyCapital/status/1596089226961076226?t=e3umzLibBKSzJ2QxH6mAqw&s=35
De-risked, valuation increased. Although gaining planning permission may have seemed inevitable
for such a quality industrial site, it is nonetheless a major de-risking event and box ticked. To
reflect this, we adjust our risk multiple from 0.1x NAV to 0.2x NAV which increases our indicative
valuation from 614p/sh to 1228p/sh which implies ALK is trading at 0.22x to our highly risked NAV,
with a 4.6x return to the current share price. We stress this is based only on a highly-risked NAV
valuation of Train 1 (24,000tpa) and compelling upside is available from both capacity increases
and higher lithium prices.
Gaining full planning permission is huge milestone for Alkemy and a pivotal development for the
company given the industry race to establish a European source of lithium hydroxide. Whilst
competitors are in danger of missing the lithium window, Alkemy is firmly at the front of the pack.
https://twitter.com/AlkemyCapital/status/1596562472957546496?t=FZkU040d65b4jli0V1HEAQ&s=35
Not priced like the large company that’s being built - to help the UK ensure they can meet there net 0 ambitions by having a resilient and reliable supply chain of the there critical minerals
https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy
https://www.business-live.co.uk/economic-development/prime-minister-opens-satellite-number-25607863#amp-readmore-target
Morning
Gift territory for now based on being currently priced 13x less than the funding amount that's coming
All feasibility studies completed after being fasttracked
Supply agreements with 2 large and well choosen partners with more on the way - as well as a partnership with BP
A second Australian plant to come into the picture - ALK next to a bunch a major companies
The license that put us in all the papers
And the lease secured for 30 years where the plant will be built
In Parliament speaking about our contribution to UKs Critical Mineral act - and how theses projects are Needed to ensure the UK meets it net 0 ambitions
While ALK is ahead of Britishvolt and green lithium
Advanced discussions with offtakes and 1 large in particular for some weeks/months
£10 would be a 72mil mcap - I expect that an more after £248mil funding an offtake agreement
600mil revenues per annum from late 2024 - and to build from there
I don't own many companies that will ever be producing 600million revenues per annum and have a sub 20mil mcap - and of one of the most critical minerals for the electric revolution were in - alot can change quickly from the current price, a 30mil mcap at present would still be cheap
Have a good day all
https://www.proactiveinvestors.co.uk/companies/news/997653/green-lithium-and-tees-valley-lithium-restore-confidence-in-uk-ev-supply-chain-997653.html
There will be all 3 - britishvolt, green lithium and ALK is ahead of both currently
13x less than the funding amount due in late Q1
Having spoken to Paul and heard it from the horses mouth - funding and offtake are both in advanced discussions and to be concluded over the coming weeks - we have our license and the land secured for 30 years where the plant is going to be built
we’re currently the biggest lithium bargain on the market right now with rockteck, European lithium both with 100mil+ mcaps - Cornish lithium and EMH both worth multiples when we’re be producing more and sooner than both and the list goes on + further partnerships - MOUs - consent rate supplier news all could land any day - the last placing was at a 10% premium
Under the radar multibagger between now and the coming £248million funding
https://twitter.com/AlkemyCapital/status/1610253124605730816?t=1klX-1-XvoDTg-81u4rETg&s=35
https://www.linkedin.com/posts/benchmark-mineral-intelligence_investment-in-battery-gigafactories-nears-activity-7016564830895575040-I2xF?utm_source=share&utm_medium=member_android
We are also advancing discussions with financiers for the funding of its LSM and LHM processing facilities and has received significant inbound interest including from private equity, structured bond providers and institutions.
TVL is currently in advanced discussions with a number of offtake customers, including European gigafactories and electric vehicle OEMs. These customers are increasingly focussed on price, transparency and low embedded carbon, when sourcing high grade lithium products.
In July 2022 we signed a partnership agreement with Traxys, a leading global physical trader and merchant in metals and natural resources, with annual turnover in excess of USD 8 billion. Under the terms of the agreement, Traxys will source and supply lithium feedstock for our processing facilities.
https://www.business-live.co.uk/economic-development/prime-minister-opens-satellite-number-25607863#amp-readmore-target
https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy
https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy
Gaining full planning permission is huge milestone for Alkemy and a pivotal development for the
company given the industry race to establish a European source of lithium hydroxide. Whilst
competitors are in danger of missing the lithium window, Alkemy is firmly at the front of the pack.
Solution to a problem - providing what's needed
There's really companies behind the SP and mcap and we're ahead of Britishvolt and green lithium
ALK - currently valued 13x less than the funding thats due within 12 weeks from now
Will be the Largest Lithium Refinery in Europe - and not priced like it is at all
Even through they have their license that them in multiple newpapers, the plot of land succured for 30 years where the lithium refinery in Europe will soon start to be built and feedstock agreements alreqdy in place with world class partners
After speaking to Paul and hearing from the horses mouth - there in advanced negotions with multiple parties for more feedstock partners, the £248million funding and offtake agreements ( offtake specifically with "1 large party for some weeks/months now"
Once the venture funding is succured - ALK will be derisked to become major lithium producer for Europe and the UK and to produce 71bn revenues over the life of the project - will start with 600million revenues per annum from Q4 2024 ( 33x the current mcap per annum lol ) - then 1.2bn, 1.8 and up to 2.4bn per annum
Currently valued 13x less than the funding amount alone and disconnected from huge numbers and company that's being built
Show me any peer that will be producing the same amount of lithium within the same time frame - all your find is companies valued multiples of ALK currently
We are also advancing discussions with financiers for the funding of its LSM and LHM processing facilities and has received significant inbound interest including from private equity, structured bond providers and institutions. - the Q1 funding is for both - and Paul said it will be Squeeze but looking to concluded the financing before the end of Q1
TVL is currently in advanced discussions with a number of offtake customers, including European gigafactories and electric vehicle OEMs. These customers are increasingly focussed on price, transparency and low embedded carbon, when sourcing high grade lithium products.
I like that there in advanced discussion with "a number" of offtakers and that there's also a "Significant inbound interest" to finance this project from more than 1 party - there's alot happening behind the scenes as confirmed by Paul
The market currently has ALk priced as though they are not what they say they are - but with the license and lease in place and confirmed we remain a huge bargain for now with news on the way
As well as things like this
https://www.business-live.co.uk/economic-development/prime-minister-opens-satellite-number-25607863#amp-readmore-target.
The margins are in the most recent presentation - 180mil EBITDA building to 620mil EBITDA per annum
Nice try lol
What he did say is that there would very little to raise for and that it’s not needed until the door step of £248mil funding - and that there’s pieces of new flow before then so it’s comfortable to assume we’ll be at higher prices at the time ( especially if the advanced offtake lands )
The Mcap remains disconnected for now from the largest lithium refinery in Europe in the making that ALK are.
https://twitter.com/AlkemyCapital/status/1605846825654681600
From the conversation - it sounds like not until the end of February and that there wouldn’t really be much to raise for while on the doorstep of funding anyway.
Also interesting to note the last was at a premium.
For me I’m invested in the bigger picture playing out - the current mcap is in no way a fair representation of where ALK are - and is tiny in comparison to the £248million funding in 12/13 weeks and offtake that can land sooner - and the 71bn revenues over the life of the project.
The current mcap is 12.5x smaller than the funding amount
And first years revenues will be 30x the current mcap each year for the first 2 until train 2 makes it 1.2bn revenues per annum - then train 3 and 4
https://twitter.com/AlkemyCapital/status/1605846825654681600
There’s really companies behind the SP that moves up and down - and ALK are not priced like the largest lithium refinery in Europe they are becoming
https://www.linkedin.com/posts/benhouchen_good-news-alfanars-1bn-sustainable-activity-7011612961773387776-CA3U?utm_source=share&utm_medium=member_android
https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy
"The urgency to establish independent, sustainable, resilient supply chains to ensure national security and the sucess of the nations net zero plans"
as it’s another piece to the puzzle
https://lithium.org/members/ - interesting to note ALK is the only lithium refinery out of all the partners and for now has a tiny mcap in comparison also
https: // **** /+ 4fM3nQyIyhIyOWQ0
Morning - so this week I reached out to Paul Atherley on LinkedIn to arrange a phone call - we was able to have that call yesterday for just under 10 minutes
I asked how funding negotiations are going - and what would be their preferred outcome?
Paul said they are current in discussions with a number of parties and that they are looking for venture debt to be repaid from revenues, and that he wants to preserve issuing any equity and keep the shares in issue as close to where they are as possible. I like that as it’s the best option for shareholders and the board.
I asked if he feels confident that the Q1 deadline will be met - and he confirmed if it will be a squeeze but that they are targeting having the £248 in place and concluded by late march.
I asked about offtake negotiations - he responded that they’re going well and as per the RNSs and that they’re multiple parties at the table but that theres a large one that negations have been advancing with for some weeks/months now.
I asked about further concentrate suppliers and Paul said it’s price sensitive to speak about at this time and that further information will be given to the market as a when it can be. Then spoke briefly about there current suppliers trackxys and weardale.
I asked about position after paying 250k for the lease - Paul said that’s not true ( I read it in the prospectus ) and that it was actually given to then at 0 cost. A surprise to me but excellent news. He said they have enough cash competition of FEED which would be close to funding being concluded.
I asked who’s selling - and he said the only known is Jarvis from the original IPO and that there has to be liquidity but that they are nearly done.
All in all it was a excellent conversation
I said congratulations on the being granted the lease and on all of the developments to date - also congratulations on the parliament talk - and that I was surprised the market still has ALK valued at a £20mil mcap considering all the confirmation that they are what they say the are and are doing what they say they are doing - he said I’m sure a lot of that will change over the early months of 2023 - and spoke proudly about looking forward to ALK playing its part to help the nation meet there net zero targets.
After that conversation I feel complete peace of mind and am excited for the upcoming 12/13 weeks that should see both £248million funding in place as well as offtake agreement/s confirmed - ALK is targeting 600mil revenues for the first 2 years from late 2024 and then 1.2bn upwards to 2.4bn for the remaining 28years - and now have the land for 30years that the refinery will be built on. Any dips will be shortly loved and am buying opportunity IMO for the major lithium producer in the making.
https://www.linkedin.com/posts/tees-valley-lithium_teesvalleylithium-tvl-alkemycapitalinvestments-activity-7008694412838920192-oa-p?utm_source=share&utm_medium=member_android - I wish this was RNSes last wee
With yesterday's lease and land fully sucured - and also the major license that put ALK in every news paper
ALK Will be building the Largest lithium refinery in all of Europe shortly - still a tiny mcap for such a huge project
It's happening, while in discussion with multiple finaciers for £248million and advanced discussions with offtakers
Current mcap Not a fair reflection of where they are where there obviously heading
https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy
This -
"The urgency to establish independent, sustainable, resilient supply chains to ensure national security and the sucess of the nations net zero plans"
How else are they going to meet the nations net 0 plans? ALK is going to be a key link to a sustainable supply chain - that is urgently and critically Needed
——
We are also advancing discussions with financiers for the funding of its LSM and LHM processing facilities and has received significant inbound interest including from private equity, structured bond providers and institutions.
TVL is currently in advanced discussions with a number of offtake customers, including European gigafactories and electric vehicle OEMs. These customers are increasingly focussed on price, transparency and low embedded carbon, when sourcing high grade lithium products.
In July 2022 we signed a partnership agreement with Traxys, a leading global physical trader and merchant in metals and natural resources, with annual turnover in excess of USD 8 billion. Under the terms of the agreement, Traxys will source and supply lithium feedstock for our processing facilities.
https://www.business-live.co.uk/economic-development/prime-minister-opens-satellite-number-25607863#amp-readmore-target
The current Mcap is not fair value for the Largest Lithium Refinery in Europe and a major lithium producer for the UK and Europe in the making
It’s a huge milestone but the majority likely don’t understand the significance of it
ALK is Actually going to the Largest Lithium Refinery in Europe - and a major producer for the UK and the Europe
The current £21million mcap doesn’t represent this - and there’s a lot of news still to come between now and funding.
ALK is the only company I know, with a 3.9pm NPV - to be fully funded in 12 weeks - paving the way for 600million revenues per annum for the first 2 years and then 1.2bn and upwards for the remaining 28years
Train still at the station