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 |
SP Angel today:-Atlantic Lithium* (ALL LN) 15.96p, Mkt Cap £103m Mine Operating Permit issued for Ewoyaa lithium mine 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.)The Minerals Commission of Ghana has issued the Mine Operating Permit for the Ewoyaa Lithium Project in Ghana.The permit was the last regulatory approval required before starting construction of the Ewoyaa Lithium Mine and Process PlantManagement need to complete the financing package with one or more new offtake partners and potentially other lenders before making a FID ' Final Investment Decision'.The team are also waiting on the final ratification of the Ewoyaa Mining Lease by the Ghanian government which should resume sitting on 15 October.Lithium market: Rio Tinto's interest and potential offer for Arcadium Lithium, the world's third largest lithium producer lends confidence to future expansion in the lithium market.We recently spoke to a Chinese buyer of lithium who reckoned the market had bottomed out and was looking for a +20% increase in demand for lithium hydroxide.Benchmark Minerals Intelligence forecast lithium demand to rise to 4mtpa in 2035 vs 0.68mt in 2022. This equates to another 73 mines at an average production rate of 45,000tpaBenchmark's forecasts look similar to lithium for other raw materials including, cobalt, nickel and natural graphite in terms of the number of new mines required to meet estimated li-ion battery demand.Conclusion: Atlantic is looking to complete the financing and permitting required to start construction of the Ewoyaa lithium mine this year.We are aware of a number of buyers looking to add to their offtake and look forward to further news on the mine financing with respect to the offtake portion of the total capex.*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. |
Rio's has made a bid for Arcadium listed on the US exchange valuing the group at around $4bn.Analysts regard the bid as opportunistic and suggest a valuation of around $8bn might be more appropriate.Arcadium is a producer but this might lend some stability to lithium stocks in general after recent marked underperformance.The Times comments today-"Despite the downturn in prices, Rio is playing the long game. The demand for lithium is forecast by the World Economic Forum to reach 1.5 million tonnes of lithium carbonate equivalent by 2025 and more than 3 million tonnes by 2030, compared with production of about 180,000 tonnes last year." |
Now we need the offtake agreement sorting. The are after 75-100 I'm thinking they would have to come to some quite ingenious structure to satisfy both parties requirements because lithium on its backside and no one wants to commit to this price moving forward but who can predict the future. Probably negotiate variable formula moving forward with lump sum up front . They need that money though to honour their capital commitment . Difficult one which is why it's taking so long but good news today. |
Not that interested in lithium prices in 2050 and I certainly won't be interested in lithium prices IN 2050.Furthermore that sort of prediction just shows how stupid some analysts are. Who can possibly say what the demand for lithium will be in 2050 even if the world is still a functioning entity. There may be no demand at all if, for example, we all switch to hydrogen based energy which seems quite likely in five years or so..Quite honestly it's impossible to say with any degree of certainty what will be happening in a year's time let alone 26 years.Rant over! |
Stop it you! |
Lithium is seen as a critical mineral in the global energy transition, particularly for its use in the batteries required to build EVs.
Demand is forecast to increase by nearly 500 per cent by 2050. As such, analysts expect the recent slump in lithium prices to reverse in the near future. |
U huh! Hmm! Yeah, yup!https://x.com/alex_avoigt/status/1842127206425698591?s=46&t=gJ40HEpUT4gYZeQiLJHwfw |
Everybody can see Lithium is being side-lined by later developments |
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