off topic-znt ready to take off not many shares only 38.69m shares in issue a share to get inearly 2 director buys last week ready to blow deal done |
 Is this great news for ALL?Australia's Sayona Mining (ASX: SYA) is buying US-based Piedmont Lithium (ASX, NASDAQ: PLL) in an all-stock deal that will consolidate their Canadian operations and boost the merged firm's exposure to the North American electric vehicle (EV) sector, the companies said.The deal would create the largest producer of hard-rock lithium in North America, the companies said. They noted the business combination would also create opportunities for further growth, helping to cut operating costs and make the sale and shipping of lithium easier.Sign Up for the Battery Metals DigestThe tie-up brings together the two owners of the North American Lithium (NAL) project in Quebec's Abitibi region. This would allow the parties set up a more streamlined and robust lithium business that is well placed to grow through cycles, they said.As part of the deal, Sayona will become the parent company of the newly formed lithium firm. The transaction, structured as an all-share deal, represents a 6% premium to Piedmont's closing share price on Monday.After raising capital separately by Piedmont and Sayona, the combined lithium miner will have an estimated pro-forma market capitalization of $623 million, with shareholders from both companies holding roughly equal stakes.The new lithium miner will be based in Australia, with a primary listing on the country's stock exchange and a secondary listing of American depositary shares on the Nasdaq.More at https://www.mining.com/sayona-piedmont-to-create-lithium-giant-in-623-million-merger/ |
This going back on watch. Two triggers: Ghana election in Dec should clear the stage for licencing ratification but more significant a wait on an up lift in lithium and so spod. This may happen at any time, this q, next year or maybe not till 26. I expect sooner. ALL share price will be highly geared.
BTW TF only shows up on forums in the (pathetic?) hope of creating a buying dip.
Good luck with it M8. |
You have a agenda, better things in life to do |
Look up how many petrol cars catch fire for one reason or another. They still sell them |
I was under the impression that it was down to faulty charge units |
This is a lithium mining company, got sweet fa to do with malfunctioning cheap Chinese lithium batteries. |
tia
You haven't seen anything if you haven't seen a Lithium fire - very fierce & hot - will burn/melt just about anything |
'With proceeds allocated to completing key activities to advance Ewoyaa towards project FID, and ambitions of delivering commercial production spodumeme in Ghana'
hxxps://energycapitalpower.com/atlantic-lithium-raises-6-7m-for-ghana-lithium-project/ |
Are you obsessed with fires..... |
SP Angel today:-Atlantic Lithium* (ALL LN) 11.97p, Mkt Cap £78m Assore supports A$9m placing adds funds for ongoing work on Ewoyaa lithium project in Ghana(Ewoyaa Ownership: Atlantic 62.9% falling to 40.5% if Piedmont fund their share of Ewoyaa, Piedmont 18.2% rising to 40.5% on project funding, MIIF Sovereign Wealth fund 6%, Ghana 13%)(Piedmont are contracted to pay $70m + 50% of the total Capex to raise their stake to 40.5%. Total cost would be $135m to Piedmont on a $200m capex.)Atlantic Lithium report the raising of A$9m at A$0.23 (11.73p/s). The company also reserves the ability to accept oversubscriptions for another A$3.0m (£1.5m) should they be offered.Assore International, the South African based mining holding company has subscribed for up to A$7.5m (£3.9m).Assore recently acquired a further 24.3m shares in ALL from Piedmont in September and offered to acquire Atlantic Lithium for 33p in November last year.Three of the Atlantic directors have also indicated they will invest A$290,000 in the placing.Use of proceeds:DFS optimisation and technical refinement,FID related expenditure including remaining permitting activities,Site preparation, HSE reports Community Development Funding and monitoring of project impact processes.Exploration of Rubino and Agboville licences in the Ivory Coast,General working capital requirements.Conclusion: It is great to see Assore continuing to support Atlantic Lithium through further funding. We wonder if this may be a precursor to a third offer by Assore to acquire the business?*SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel have visited the Ewoyaa mine site in Ghana. Our analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund which has invested in Atlantic Lithium and the Ewoyaa project. |
Nope they just maintained a position.it is odd however, that a private organisation is investing more. Note not a fund etc. ? |
Is it, assore bidded 33p twice and all rejected it.Dilution after dilution. |
RNS x2
All good.....
😁 |
Another one !
East London tower block fire was caused by lithium battery, says London Fire Brigade |
so they need $38m for the mine . piemont will have 40% of the co what will all end up with % wise.
any details nn full production costs revneue
thanks |
"We're looking forward to receiving a ratification of the mining lease, which is a parliamentary process.
"We actually received the mining lease last October, so we should have that later this month or early next month - etc |
They have permits only real outstanding issue is sale of off take which has been in negotiation for six months looking for 75-100m dollars. Once this is in place their share of cap ex sorted around 38 m everything else in place to build mine then ideally producing in time for lithium price to recover 2026. Their partner offered 33p a share when they were 25p but they turned it down flat which told me a lot. At this price assume off take negotiations conclude it's cheap to say the least. |
didn't follow this recently. when can they start mining? |
Gangfeng is at all time lows. Just saying |
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