Rob Weir’s Post

Interestingly high IRR at depressed Lithium market and with 5.5 percent Li2O which is not EV grade

Piedmont Lithium Inc. (ASX:PLL, OTC:PLLTL) Inc has opted to offload 24.3 million shares in Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) to its largest shareholder, Assore International Holdings, in return for US$7.8 million in consideration. The shares represent 3.9% of Atlantic’s total shares – following the transaction, Assore will own about 28.4% of Atlantic’s shares, while PLL will retain 32.7 million shares for a 5.2% ownership stake in the company. "We finished 2023 in a strong position with approximately US$72 million in cash and US$47.4 million in marketable securities as of market close on January 17," said Piedmont Lithium president and CEO Keith Phillips. “We have always viewed our Atlantic shares as a potential source of capital and are pleased to further bolster our cash balance through this agreement..." More at #Proactive #ProactiveInvestors #ASX #OTC #PLL #PLLTL #Lithium #LithiumMining #BatteryMetals http://ow.ly/wYMn1059FVs

At E-FWD, we're addressing the UK’s critical minerals challenge head-on! Our latest article dives deep into the key issues and innovative solutions shaping the future of our supply chains. 👇  Key takeaways include: 🚧 Weaknesses Identified: The UK’s midstream sector needs stronger infrastructure, as most processing is done abroad, particularly in China. ♻️ Recycling & Circularity: Johnson Matthey, a global leader in precious metals recycling, highlights the importance of circularity and R&D for advancing new technologies. 🏗️ Growth Opportunities: Investment in domestic facilities, such as copper smelters and battery material recycling plants, is essential. Companies like Evolve Metals Ltd. and EMR are already leading the charge. 🇬🇧 Domestic Resources: With significant reserves of lithium and nickel, the UK’s development of these resources is crucial for reducing our reliance on imports. 🔄 Demand-Side Management: Efficient use of metals and exploring alternative materials are vital. While emerging battery technologies hold promise, they are not yet ready to fill current supply gaps. Read the full article below. #CriticalMinerals #SupplyChain #Recycling #Innovation #UKEnergy

*Story may be behind paywall*   Impairments should be top of mind for all company directors right now, particularly lithium and nickel producers.   I spoke with the The Australian Financial Review about the slump in prices for these commodities and discussed how they serve as an indicator that directors will need to go through an impairment test process.   #exploration #lithium #energy #minerals

Sigma Lithium Corp. (Nasdaq:SGML) SECURES PREMIUM FINAL PRICE OF US$ 1,333/t FOR 22,000 t OF QUINTUPLE ZERO LITHIUM, WITH 85% PRE-PAYMENT FOR DELIVERY IN 2 WEEKS 27 mar, 2024, 18:25 📌 Sigma Lithium achieved an increased premium fixed price of US$ 1,333/t (13% VAT included), equivalent to US$ 1,160/t (net of VAT) for its 8th shipment of 22,000 tonnes for delivery within 2 weeks. 📌Price discovery was driven through closed private bidding, aiming to maximize the value of its commercial shipment strategy with Glencore. 📌This price is final and non-provisional and represents a meaningful increase over the previous premium prices achieved. As a reference, the final price net of VAT is equivalent to 8.75% of the LME Lithium Hydroxide CIF Read More: https://lnkd.in/dA8-vMAY

Did you know that 60%+ of the world's lithium is processed in China? Scary stuff for the West, especially after China announced that it's restricting graphite exports in Oct'23 - another key element for the #EnergyTransition (and China refines 90% of global graphite). Several lithium refineries have popped up across Europe, to diversify the supply chain & break China's stronghold. Two of these are in the UK, just six miles apart in Teesside. GreenLithium and TVL will produce 6% and 15% of Europe's demand respectively. Had interesting discussions with their founders, Richard Taylor and SAM QUINN to learn about both projects. Read more here - https://lnkd.in/ezFW_nm6 #Mining #Technology #Sustainability #Lithium

Lower Royalty Rates Give Lithium Producers a Lifeline. Read more on this unexpected turn of events >> https://lnkd.in/gA4pVjZQ The decline in lithium prices since the beginning of 2023 has been significant, with battery-grade lithium carbonate prices dropping by over 80% by April 2023. Lower royalty payments would directly reduce miners' cost of sales. #lithium #carboncredits #carbonmarkets #carbonnews #carbonprices #climatechange #cleanenergy #decarbonization #energytransition #esg #netzero 

European Lithium Limited (ASX:EUR, OTCQB:EULIF) has welcomed the declaration by the US Securities and Exchange Commission (SEC) – the US equivalent of the Australian Securities and Investment Commission (ASIC) – on the effectiveness of Critical Metals Corp.'s registration statement on Form F-1. European Lithium shares Critical Metals' vision to become a key supplier for the lithium-ion battery supply chain in Europe. The company holds 67,788,383 ordinary shares in Critical Metals, representing an 83.03% stake. Based on Critical Metals’ closing share price of US$11.14 per share as of May 22, European Lithium's investment is valued at US$755,162,587 (A$1,140,295,506). This valuation is subject to fluctuations in Critical Metals’ share price. More at #Proactive #ProactiveInvestors #Lithium #LithiumMining #BatteryMetals #CriticalMinerals http://ow.ly/hfW8105uxA9

Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production Bradda Head Lithium (AIM:BHL, TSXV:BHLI), is a North America-focused lithium development group with assets across the lithium mineralisation spectrum including sedimentary, pegmatite and brine opportunities.  Watch the video here ▶ https://lnkd.in/eujX2HQP The company has beaten its target 43-101 Resource of 2.5mt of Lithium Carbonate equivalent following the completion of its latest drilling programme at Basin in Arizona, which qualifies it for a US$3 million royalty payment as per its contract with Lithium Royalty Company ‘LRC.’ Ian Stalker, Executive Chairman explains the significance of targets being surpassed and the royalty. “That has got significant benefits for not only ourselves but for the shareholders because there's no further dilution required. So, we're fortunate in not having to do that and it allows us to move in our other projects.” In this interview investors will learn: - What the company intends to spend the US$3 million royalty fee on  - Why the company predicts its San Domingo pegmatite project will provide low hanging fruit in terms of early production and cash flow - How the company’s three different types of lithium mineralization future proofs the portfolio against market and political bias - How the lithium-in-clays Basin asset in Arizona has the potential to be expanded - How the company intends to capitalise on the trending interest in lithium-in-oil brines  - What the company intends to do with the land packages where there is no significant work taking place - Whether the potential for end of 2025 or early 2026 production is a possibility - Why current management hires mitigate against the company’s lack of a chief executive Reasons to add BHL to your watchlist: - Lithium is a necessary element for the EV economy and the U.S. has mandated it wants a domestic supply of the critical mineral  - All projects are 100% owned and are located in close proximity to infrastructure and end users - Management is highly experienced in the mining sector - Non-executive Deputy Chairman James Mellon is a successful U.K. investor, entrepreneur and has an 18.71% shareholding in the company Stalker is clear about the pathway Bradda Head Lithium wants to pursue. “We've got a strategic resource in the lithium-in-clays, but that will take a longer period of time to come into production. We have certainly a huge exploration upside in the lithium in the spodumene, the hard rock. We'll be back there in the second half of this year and I hope that we can bring that into closer to production and get a cash flow.”    Ian Stalker, Chairman at Bradda Head Lithium Limited was interviewed by Sarah Lowther at focusIR.      #BHL #BraddHeadLithium #Lithium #Arizona #Nevada #Mining

With improvements in technology and a better understanding of the market dynamics, the Li market is expected to see more news like this. It may hurt the companies who played a suppliers-only role and may lose their monopoly in the market. With further maturity of our understanding of the global market, I expect more miners will emerge from countries we didn't expect before. Also, projects where a substantial amount of lithium may also be produced as a by-product. 5E Advanced Materials, Inc is an example: (https://lnkd.in/gDDyDf_H) _______________Update_______ Just I read this news: https://lnkd.in/gD65eEre "Goldman Sachs recently said it estimated a surplus of 200,000 tonnes of lithium carbonate equivalent, or 17% of global demand, this year." ________________ Critical Minerals Association USA Critical Minerals Conference Series 2023 Utah Advanced Materials Manufacturing Initiative (UAMMI) https://lnkd.in/gj7B2ft2