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Partnership news with one of Australias largest spodumean producers due anyway now
Michael Demetriou:
https://www.linkedin.com/posts/international-lithium-association-ilia_lithium-lithiumbatteries-lithiummining-activity-7033459719335727104-mqcB?utm_source=share&utm_medium=member_android
Ah, I just noticed - the owners of 2 of the largest lithium mines in Australia are not only an 1h and 30min drive away - but also part of the international association with us - I never realised that before
Pilbara minerals 12.5bn mcap mcap
Albemarle a 30bn
Likely candidates for spodumene partnership
Government funding from the 1bn ATF fund is 3 weeks and 3 days away today - expecting partnership news first
Looking forward to seeing the conclusion of the Britishvolt purchase as that will bring some PR around the offtake MOU
FEED completion expected shortly
Still priced like a wishlist instead of the largest lithium refinary in Europe and one of the largest in Australia while the company making pieces of news are approaching in the near term - derisking 600milliom revenue production to start q4 2024 - and to increase to 1.2-2.4bn per annum
I'm personally holding until production starts within 24months as when producing 600million a year - we have the fundermentals for 10x++ rise from the current 19/20mil mcap
Prem has 18x over the last 24months and will be producing less than half of us - for anyone who wishes they bought it at the bottom - ALK will do the same and more
Hi MO
No raise coming confirmed by SQ - money to received from the government's 1bn ATF fund due on or before March 17th
https://www.linkedin.com/posts/ben-kilbey-543b5021_recharge-industries-signs-mou-with-tees-activity-7028633169260118016-OgWx?utm_source=share&utm_medium=member_android
The £3.8bn purchase is to be concluded today/tomorrow
Scale Facilitation is another possible and likely funder - or any of the 50 other bidders
The significant offtake envisaged under the MOU enables long term planning and production forecasting and strengthens its own battery offtake agreements and existing supply chain. Recharge will make its supply of lithium hydroxide available to its active Cathode supplier with whom its holds a strong and strategic relationship.
Recharge is backed by New York based investment firm Scale Facilitation and is currently in the process of building a gigafactory at Avalon near Geelong, Australia and is also involved in battery technology research and development.
Recharge Founder David A. Collard commented:
“This MOU links two like minded companies to enable the critical mineral supply chain needed to build significant battery manufacturing capability in Australia, the US and the UK and underscores our intent to revive the fortunes of Britishvolt. We look forward to integrating lithium hydroxide from TVL into our established and high performing supply chain.”
Just over 4 weeks until we receive funds from the government's 1bn ATF fund
TVL has identified the opportunity to
link the world’s largest spodumene
producers in Australia with the
burgeoning battery gigafactory
market in Europe.
All the ducks lining up for the largest lithium refinary in Europe and one of the largest in Australia - still sub 20million mcap before multiple pieces of news
https://www.linkedin.com/posts/ben-kilbey-543b5021_recharge-industries-signs-mou-with-tees-activity-7028655927289376771-S29v?utm_source=share&utm_medium=member_android
https://www.linkedin.com/posts/ben-kilbey-543b5021_recharge-industries-signs-mou-with-tees-activity-7028633169260118016-OgWx?utm_source=share&utm_medium=member_android
The significant offtake envisaged under the MOU enables long term planning and production forecasting and strengthens its own battery offtake agreements and existing supply chain. Recharge will make its supply of lithium hydroxide available to its active Cathode supplier with whom its holds a strong and strategic relationship.
Recharge is backed by New York based investment firm Scale Facilitation and is currently in the process of building a gigafactory at Avalon near Geelong, Australia and is also involved in battery technology research and development.
Recharge Founder David A. Collard commented:
“This MOU links two like minded companies to enable the critical mineral supply chain needed to build significant battery manufacturing capability in Australia, the US and the UK and underscores our intent to revive the fortunes of Britishvolt. We look forward to integrating lithium hydroxide from TVL into our established and high performing supply chain.”
https://www.linkedin.com/posts/critical-minerals-association-australia_visualized-the-ev-mineral-shortage-activity-7029220394196697088-IpL4?utm_source=share&utm_medium=member_android
“TVL has identified the opportunity to link the worlds largest spodumene producers in Australia with the burgeoning battery gigafactory market in Europe” consistent across last weeks new presentation
Partnership news due anyday
Less than 5 weeks to the results of the 1bn ATF funding that can be the 100million that didn’t go to britishvolt
The MOU with recharge will lead to a 10 year or more offtake at scale
The £248million gets closer everyday
18/19mil mcap still - the largest lithium refinery in Europe and one of the largest lithium sulphate plants in Australia
1000p is still only a 72mil mcap - circa 1/3rd of the funding amount
£5 and £10 options
Partnership news is next
TVL has been incuded as part of a select group of five companies allocated land at the Boodarie SIA, including BP, POSCO, Fortescue Metals and Alinta Energy, with the aim of making Boodarie SIA part of an A$70 billion globally competitive Pilbara green industrial precinct.
ALKs capex for port headland is 0.35% of that
There’s so many pieces of news that can land on after the after that can send us multiples higher - everything ALK are doing is major scale, and as each piece lands the Mcap will follow
Offtake and funding derisked is to be a major producer - 17mil mcap… we may receive multiples of 17mil from the 1bn ATF fund before march the 16th alone
This new Pilbara to Teesside supply chain will embody the new critical minerals supply chains possible under the recently signed free trade agreement between Australia and the UK and leverage the competitive strengths of Australia in mining and critical minerals processing and the UK in chemical refining.
Importantly, the Port Hedland LSM refinery will bring major value-adding to the Pilbara region, with significant multiplier benefits for the local community and the State of Western Australia, whilst reducing the carbon footprint of the end-to-end lithium battery cell supply chain to meet new European emissions standards."
Downstream processing of Australian critical mineral production is a key focus of the Australian Federal Government and the Western Australian State Government and TVL is extremely appreciative of the support shown by the Western Australian Government Ministers and their agencies for the Port Hedland LSM refinery project
https://www.linkedin.com/posts/critical-minerals-association_britishvolt-uk-battery-start-up-set-to-be-activity-7028411081186279425-qe5l?utm_source=share&utm_medium=member_android
https://www.linkedin.com/posts/ben-kilbey-543b5021_recharge-industries-signs-mou-with-tees-activity-7028655927289376771-S29v?utm_source=share&utm_medium=member_android
The significant offtake envisaged under the MOU enables long term planning and production forecasting and strengthens its own battery offtake agreements and existing supply chain. Recharge will make its supply of lithium hydroxide available to its active Cathode supplier with whom its holds a strong and strategic relationship.
Recharge is backed by New York based investment firm Scale Facilitation and is currently in the process of building a gigafactory at Avalon near Geelong, Australia and is also involved in battery technology research and development.
Recharge Founder David A. Collard commented:
“This MOU links two like minded companies to enable the critical mineral supply chain needed to build significant battery manufacturing capability in Australia, the US and the UK and underscores our intent to revive the fortunes of Britishvolt. We look forward to integrating lithium hydroxide from TVL into our established and high performing supply chain.”
“Both require each other for success”
Partnership news still to come anyday now
5 weeks out from finding out how much we receive from the 1bn ATF fund
Yesterday MOU will lead to a large 10+ year offtake
£248million funding gets closer everyday
17mil mcap?!?
https://twitter.com/AlkemyCapital/status/1622498229379035138?t=dBNv5CY1lk1qy-77FXY9_w&s=19
The biggest word change throughout this weeks new presentation was - "linking the world's largest lithium mines to Europe's burgeoning battery gigafactory market" aswell as a clear explained plan with figures for the second Australian refinery.
The Largest Lithium Refinery In Europe - and one of the Largest Lithium Sulphate plants in Australia - to produce major scale numbers and currently and 18million valuation
Market still not getting the size and scale of everything ALK are doing but there in the window were all the company making and derisking news will be land one after the other over February March and Apill
Partnership anyday now "linking one of the largest lithium mines" with 2 of the largest lithium mines on Australia are within and 1.5h drive from the Australia plant
Offtake - FEED - can land over February and March - government funding in March - £248million funding March - Apill - 18mil valuation today early February and over the next 7-11 weeks will have 1 or more major partners, offtake and £248million funding - Derisking them to be the the largest lithium refinery in Europe and major scale lithium producer - nothing priced in
Simply to cheap and new support found after profit takers for Christmas and tax paying - also traders timing to new flow
https://www.linkedin.com/posts/benchmark-mineral-intelligence_europe-faces-cathode-and-anode-shortage-in-activity-7024951807625859073-Kcch/?utm_source=share&utm_medium=member_android
https://twitter.com/alkemycapital/status/1621104030897541121?s=46&t=g4D1s0czsO6TOb3zdFUyLQ
Partnership news imminent
Offtake and funding over February and march
https://twitter.com/alkemycapital/status/1621104030897541121?s=46&t=g4D1s0czsO6TOb3zdFUyLQ
The Largest Lithium Refinery in Europe - 20million valuation…. £248million 8 weeks out derisking 600mil revenues for the 1st 2 years - 1.2bn and upwards for the remaining 28years
https://twitter.com/AlkemyCapital/status/1602197811373670401?t=a3W5a94tUAj0eNsAf8kc9w&s=19
Shovel ready and in the infliction window of the news that really counts - once funded with an offtake a 60mil valuation would look cheap
https://twitter.com/alkemycapital/status/1620347223178608641?s=46&t=bREq8yf1EN2g58xuIfcynQ
https://t.co/7M7ZgOjwcZ
Placing rumours squashed
Partnership announcement anyday now
Offtake and £248mil funding over the next 8 weeks
What will will be worth after £248mil funding?
Funding and offtake?
Both funding and offtake derisk ALK to start generating 600million revenues per year from late 2024 - 1.2bn per year from 2026 and to continue to increase
After funding and offtake I’m not slicing until production starts
1000p is still only a 72mil mcap - worth looking at rocktech at a similar stage with production to start later, 9x higher with an offtake with Mercedes but no funding.
We could be worth 34mil right now and still be cheap
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.
ALk - the largest lithium refinery in Europe + the largest lithium sulphate plant in Australia
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
Pilgangoora Project | Pilbara Minerals
https://www.pilbaraminerals.com.au/our-company/our-projects/pilgangoora-operation/
POSCO are partners with Pilbara minerals
We have attracted a group of high quality, experienced global offtake partners including Ganfeng Lithium, General Lithium, Great Wall Motor Company (SVOLT), POSCO and Yibin Tianyi.
The Pilgangoora ore body is one of the largest hard rock lithium deposits in the world and is considered strategically important within the global lithium supply chain.
It’s an 1 hour a 20 minute away from the port headland site
TVL has been incuded as part of a select group of five companies allocated land at the Boodarie SIA, including BP, POSCO, Fortescue Metals and Alinta Energy, with the aim of making Boodarie SIA part of an A$70 billion globally competitive Pilbara green industrial precinct.
The smallest of the 4 others has a 60bn mcap - ALKs funding need is 0.35% for train 1 and 1.4% for 4 trains out of the 70bn that’s being spent on this green industrial precinct
Pauls in WA at the moment looks to close some of these partnerships - partnership annoucment can land any time now - followed by offtake and £248million funding over February and march
Also ALK will be at indaba - not sure if that's as part of international lithium association were part off - of possibly we have partnership news before next Friday?
Possible it could be 15bn mcap Pilbara minerals via 26t mcap POSCO? 1 of the 4 others were working with in WA
Once funded with an offtake - it’s a less than 24month countdown to 600million revenues for the first 2 years and then 1.2bn revenues and upwards for the remaining 28
Nothing priced in while approaching key infliction point news that will derisk ALKs huge scale projects to production.
Such a huge scale lithium producer in the making and such a tiny valuation for now
The next couple of months were see further feedstock partnerships that can land anyday now - offtake agreements signed and then funding for the UK plant and then the WA plant or funding for both may land together
TVL has been incuded as part of a select group of five companies allocated land at the Boodarie SIA, including BP, POSCO, Fortescue Metals and Alinta Energy, with the aim of making Boodarie SIA part of an A$70 billion globally competitive Pilbara green industrial precinct.
Look at the size of the 4 others we've been selected with that are looking to build 70bn green industrial precinct - any of them as possible funders could make sense also - then the government support to get that position in the first place and the local major speaking about the benifits its will bring to port headland
Not that we needed it, but also now part of the UK governments 1bn ATF - everything's coming and nothing priced in
Once it all lands over the coming weeks and short months we could easily have a 100mil+ mcap - then its a 18-24 month countdown to 600mil first years revenues - then after 2 years 1.2bn and upwards for decades - credible to case to go on to have a 1bn+ mcap that will be derisked by the above milestones landing over the coming weeks and couple months - priced like it's not all coming, when it clearly is
Under the plans, the company would refine 180,000 tonnes of concentrate into lithium sulphate before further processing takes place off shore.
Longer term, 720,000 tonnes of spodumene concentrate processed each year at the Port Hedland site would produce 96,000 tonnes of lithium hydroxide — all to supply Europe's fast-growing electric battery market.
The port headland refinery - I wonder if any of those 4 majors will be the funder for the Australia plant? Good table to be around
---
#PREM 50ktpa SC6, producing in 2 months, Mcap £120m
#KOD 140ktpa SC6, producing in 12 months, Mcap £60m
#ALL 225ktpa SC6, producing in 20 months, Mcap £235m
https://www.abc.net.au/news/rural/2022-09-02/alkemy-lithium-sulphate-refinery-plant-port-hedland-pilbara/101350888
From the ALK telegram group from someone with regular and direct comms with the company
I've spoken to the company today and yesterday, again, there is no fecking raise going on. Again they are working on deals to secure the feedstock (speaking to major groups some of whom might co-invest) and project level investors
They are not raising equity now I spoke to today. They are in process of negotiating a close on their feedstock deals for spodumene that once released will generate considerable interest in the story
They also have some considerable interest from project level funders
A similar ethos underpins proposals to establish minerals processing facilities in the UK, where multiple projects are progressing. Among the vanguard hoping to break our dependence on Beijing is Pensana, which is building a £125m rare earth minerals processing plant at the Port of Hull in Yorkshire.
Paul Atherley, the company’s chairman, who is also chairing a scheme to establish lithium refining in Teesside, says Pensana’s feedstock will come from a mine in Longonjo, western Angola. He is also seeking to source lithium from Australia for his other company.
“What we're arguing is that Australia, and South America and Africa should be doing what they are good at, which is mining and the extraction phase. And the processing should be done in Europe, in UK chemical parks hooked up to offshore wind, so we create these independent and sustainable supply chains, independent of China, so we can be absolutely sure about how it's mined and how it's processed.”
https://www.telegraph.co.uk/business/2023/01/20/green-revolution-fuelling-environmental-destruction/
There will be loads of other customers. There are a huge amount of gigafacgtories being planned yet very few slated producers of lithium chemicals required the market will still be reliant upon china so the demand for locally sourced 'greener' lithium chemials should be significant
Still in complete bargain territory and disconnected from where they are and what’s coming - the next 2 months are gonna be huge when funding and offtake land - further partnerships anyday - also will be a Indaba in 2 weeks time, I wonder why…
This new Pilbara to Teesside supply chain will embody the new critical minerals supply chains possible under the recently signed free trade agreement between Australia and the UK and leverage the competitive strengths of Australia in mining and critical minerals processing and the UK in chemical refining.
Importantly, the Port Hedland LSM refinery will bring major value-adding to the Pilbara region, with significant multiplier benefits for the local community and the State of Western Australia, whilst reducing the carbon footprint of the end-to-end lithium battery cell supply chain to meet new European emissions standards."
TVL has been incuded as part of a select group of five companies allocated land at the Boodarie SIA, including BP, POSCO, Fortescue Metals and Alinta Energy, with the aim of making Boodarie SIA part of an A$70 billion globally competitive Pilbara green industrial precinct.
All companies with 10bn+ mcap and then us priced tiny at the moment - BP we already have a partnering with in the UK
John Walker, CEO of Tees Valley Lithium, commented:
"Tees Valley Lithium is delighted to be partnering with bp in this initiative, which will seek to further decarbonise TVL's Lithium Hydroxide production at the Wilton International Chemicals Park, in Teesside, UK.
Downstream processing of Australian critical mineral production is a key focus of the Australian Federal Government and the Western Australian State Government and TVL is extremely appreciative of the support shown by the Western Australian Government Ministers and their agencies for the Port Hedland LSM refinery project