Hundreds of billions of euros is being set aside. This button displays the currently selected search type. 3) NPV of Stage 2 development estimated to be between $2.4 -$4.6 BN USD. Offtake agreements and financing to by end of Q2 2023. Need prompt action to prevent embedding unsustainable supply chains. The mine is likely to be expanded greatly with the Niska Expansion Project. Elon Musk might be dumping Tesla stock, but one prominent investor just bought in ; The panelists were: The moderator was Megan Richards, ex. Honda Declares All Sales Will Be Electric Vehicles by 2040. Talga Group are recruiting for a senior project manager to: "Talga has been established in Lule for a number of years, today there is an innovation and pilot plant where lab tests are carried out while waiting for the establishment of the factory which is planned to be ready by 2025. Responsibilities will include optimizing mine designs and liaising with engineering and mining personnel to ensure the mine plans are executed efficiently and safely. 5) Construction costs have increased - I am allowing for 20% increase in capital cost for factory / mining. Talga Group Ltd is a technology minerals company. Numerous near-term catalysts can catapult Talga into a different league, which is likely to positively affect its valuation and create a positive feedback loop for the stock price going forward: Disclosure: I am/we are long TLGRF. Key Takeaways: The delay is a little disappointing, but it is clear the EVA Pilot plant is quite complex as indicated in the 3-D images provided of the plant, and I imagine there was some delay co-ordinating and optimising the plant design. Also, council have approved upgrade to access roads for development Vittangi Anode Project DFS has been delayed to June 2021, reportedly due to COVID-19 related site access delays. It was a veritable candy shop of mineralisation, says managing director Mark Thompson. Talga reported European Investment Bank, Swedish Export Credit Corporation, and Nordic Investment Bank representatives have conducted a site visit of Talga's anode pilot plant, and mine as part of the due diligence into financing the Vittangi Anode Project. As part of it its plan to become a vertically integrated miner, processer and supplier, Talga holds a 100% interest in graphite and graphene processing facility in Germany, based on its proprietary . You will provide guidance and support on the development of the mining contract for the new mine. There is significant risks in permitting, financing, and offtake agreements. 1.Introduction. The feedstock from the trialmine will be used for advanced qualification trials at our EVA anode plant with arange of global customers as we scale up towards commercial production in 2024.. Importantly, it will cost Talga just $27m in capex to fire up stage one production. A note about relevant advertising Talga bygger en Europeisk leveranskedja fr batterianoder med hjlp av 100% frnybar el och naturliga material - alltsammans fr att. In its Niska Study, they reported: "The ultimate funding strategy will based on the negotiations with potential project partners andfinanciers, and the conditions of the equity capital markets and relative debt financing opportunities,at the time of the final investment decision. I wrote this article myself, and it expresses my own opinions. 1) Mining permits progressing well, and expect approval in the first half of 2022. Negotiations with potential funding partners havecommenced and the Company has formed the view that there are reasonable grounds to assume thelikelihood of these funding options to be available to the Company as and when required. Mark Thompson is an extremely investor-friendly CEO. It confirms Talga groupare pushing ahead with developing the trial mine and pilot plant. On the eve of the announcement of the SPP results, Talga Group's largest shareholder, Smedvig has completely sold out of Talga Group, via a bookbuild at what appears to be the SPP price of $1.45. Positive market feedback and technical development lead Talga to fast-track preliminaryfeasibility studies for stand-alone European silicon anode refinery. The extended MoU between Talga and Mitsui continues the intent to advance potential co-development of Talga's Vittangi Anode Project in Sweden through Joint Venture. It will take Talga's pro forma cash position (before costs) at 30 September 2022 to A$27 million (around USD $17,255,000). An open-pit mining operation, on-site concentrator and coastal anode refinery will produce about 19,000 tonnes per annum of Talnode-C, the companys graphite battery anode product. Which of these names do you recognize more easily: Tesla or Elon Musk?While, in general, we identify the author by the work that is, it would be normal for you to know Elon Musk as the CEO of Tesla . An EIB appraisal procedure can take anywhere between six weeks and 18 months depending on the project scope, the degree of complexity of the operation, and the efficiency of the appraisal process on the part of both the EIB itself and the project promoter. Extended to 31 March 2023 and this extension is expected to align with expected finalisation of execution plans. I would like to thank Reddit for having some news for me, and I will be back at this website, again, to check out for the latest news. Talga rightfully pushing how clean its natural graphite is, and the fact that it is the 1st resource company committed to EU Principles for Sustainable Raw Materials as well as Europes 1st anode manufacturer. Thats not too into the future! Advanced materials company, Talga Resources Ltd ("Talga") (ASX: TLG), is pleased to announce an updated mineral resource of its Nunasvaara graphite deposit, as part of the Vittangi project ("Vittangi") in Sweden. 4) Talga EVA plant is uner construction, with coated anode production scheduled for Q1 2022. The Pre-feasibility Study was base don a sale price of $11 250 USD per Tonne, whilst the DFS has upgraded thsi to $16k per Tonne in 2024, then stabilising at $13k USD per Tonne in 2030 and beyond. According to our data, Talga Resources Limited has a market capitalization of AU$116m, and paid its CEO total annual compensation worth AU$1.3m over the year to June 2019. The company has raised additional equity in the past and have done it in an investor-friendly manner. Recently, Talga has signed a non-binding Memorandum of Understanding to evaluate the joint development of Talgas Anode Project with Mitsui Group. The CEO Europe, Martin Phillips provided also an example of how sustainable battery materials reduces the battery carbon footprint. Vancouver, February 27, 2023 - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") is pleased to announce that, further to its News Release dated February 21, 2023, it has completed the first tranche of its private placement (the "Offering"), pursuant to which it issued an aggregate of 47,870,000 units (each, a "Unit") at a price of $0.05 per Unit for . 3) JV agreement and project financing by November. The company mines graphite in Sweden, operates a test processing facility in Germany under Talga Advanced Materials GmbH and has a product development arm, Talga Technologies UK Ltd located in Cambridge, UK. Finally, even though there are no definite plans about it now, I count on a possible listing in the US in 2021. Share price seems like it has been in accumulation for a couple weeks now.. Breakout should happen anytime soon with the latest strengthened balance sheet. Anode supply chains are currently dirty, not sustainable, and inconsistent with European climate goals. Talga Group reported the completion fo the two feasiblity studies into the feasiblity of a Talga anode refinery in the UK as part of UK Govt. If we are, it aint like the last one, ASX Renewable Energy Stocks: Talga grows graphite resource to cash in on EU battery grab, Resources Top 5: A 1460g/t gold hit, more lithium, and Europes first battery anode factory goes live, Market Highlights and 5 ASX Small Caps to watch on Thursday, You can find out more about our policy and your choices, including how to op-outhere. They are trialling the higher marginTalnode -Si product as well. 25m @ 40.0% Cg (from 156m), 26m @ 37.6% Cg (from 159m) NUS21012 incl. With the permitting scheduling hearing scheduled for Q1 2023, this could be moving year for Talga, especially considering positive feedback from key stake holders. In May 2020, Talga submitted applications for an. The estimated Net Present Value (NPV) of the project over 22 years is USD 1.056 billion, calculated with a discount rate of 8 percent (Outstanding PFS results support Vittangi graphite development). Press question mark to learn the rest of the keyboard shortcuts. I am wondering whether this update is more about pumping the the share price prior to a capital raise. But I do love the full cycle mine - to battery - to recycling that NeoMetals and Magnus are pursuing. Talnode-Si aims to address the two most important characteristics of the current battery technology to increase the capacity and to reduce its loss after charging cycles. This will in turn enable financing, and commercial negotiations to be fianlised. 3) Mine permitting will enable offtake agreements to be resolved. Talga Group reported today that the final phase of their 25000 Tonne trial mine will commence over the next few days. EVA Pilot plant to be located within the Swerim Metals Research Institute, close to Talga's proposed full-scale anode refinery site. I consider this illustration from The future of Energy Storage: Cobalt and Lithium Markets Strategic View to be extremely helpful to visualize the role of graphite anode in battery manufacturing. That remains one of the worlds greatest breakthroughs when it comes to graphene.. By combining the development of their integrated graphite anode facility in Sweden into a single commercial stage, Talga (ASX:TLG) has been able to offset . On November 24, Talga released a progress update on the construction of the EVA Pilot plant, reporting the plant remains on track for commissioning in Q1 2022. So, how does one value Talga? I found the following slide to be quite revealing. Talga began a global search for high-quality graphite assets, eventually finding the Vittangi project in Sweden owned by Teck Resources, one of the worlds top 10 largest mining companies at the time. Given the significant demand, and excellent economics of the project, I have assumed Talga Group is able to finance the project with 70% debt, with Talga Group needing to raise the remaining 30%. Market Close Update This has huge implications fo rthe anode supply chain in Europe - Link here. Battery materials like Lithium, Nickel, and Cobalt get more media attention than Graphite. 16:30: EZ : 16:19: EZ : Nejdiskutovanj zprvy dne. So, it did a bigger test and discovered that anode material made from Vittangi graphite made really high-performance lithium-ion batteries. Importantly, should the study outcomes be favourable, it is expected that an investment memorandum for capital funding under the UK Govt'sATF capital investment scheme will be prepared, providing further funding / partnership optons. On November 24, Talga reported high grade intercepts, increasing the anticipated grades, and extent of the resource. Talga reported the remaining balance of its 36 hole drill campaign. Straws are discrete research notes that relate to a particular aspect of the company. There is a trade pending processing for this company. Graphite has a huge role to play in the renewables future but why hasnt the market realised it yet? Unsubscribe whenever your want. 20 battery manufacturers and automotive OEM customers are engaged to receive Talnode-C off EVA qualification plant as part of large scale EV battery qualification processes. Talga has been developing Talnode-Si since 2018 at its facilities in Cambridge, UK, with commercial samples being produced at its pilot facility in Rudolstadt, Germany. Drilling results. ". https://seekingalpha.com/article/4379353-talga-resources-vertically-integrated-and-extremely-undervalued. We are excited to announce our recent project with, to quantify the environmental impact of their vanadium recovery project "VRP1" in Pori, Finland, IPCEI (Important Project of Common European Interest), proactive role in developing the battery supply chain. The Mercedes relationship strengthens. Talga still owns those legacy projects, but graphite was always the focus. In early 2018, Talga tested some of its raw graphite in a battery and it worked. The results are the first under Talga's UK Government funded "Safevolt" projecta Talga-led program run in conjunction with consortia partners, Johnson Matthey, the University of Cambridge and . 16 min read. Does anyone have an idea what the correct market cap could be for Talga and the logic and rational for expectation. It's free. Global graphite demand to increase 400% by 2040, and 100% of which is currently imported into the EU. Not only is it positive to see this extension, as to me it suggests they are on to something worthwhile, but something I find exciting is the sentence I have emboldened below. The previous offering was done among existing shareholders in November 2019, where the company raised AUD 6,2 Million in an oversubscribed offering. Details of Talnode -Si anode performance provided. At the time, there was almost no western explorers or miners in graphite the mineral used to make the anode for lithium-ion batteries. A 35 fold increase. 6)Exploitation (mining) and environmental permits were submitted to relevant authorities in May 2020. Talga reported to the market the MOU signed with LKAB (Swedish govt owned)and Mitsui has been extended to November 30, 2021. 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