Mustang Energy Share Discussion Threads

[dontay] 03/10/2022 17:32

Monday, 05 September 2022Long-term agreement de-risks Vanadium supply: CellCube has established long-term supply agreements with the electrolyte providers US Vanadium (USV- private) and Bushveld Minerals (AiM:BMN.L).Investment CaseCellCube is a pioneer in developing and deploying Vanadium Redox Flow Battery (VRFB) technology. CellCube offers a bankable product in the fast- growing long duration energy storage solutions market.Leader in Vanadium Redox Flow Batteries – CellCube is the leading provider of industrial-grade and bankable VRFB systems in the global market. Given the intermittency in renewable power, more flexibility is needed in the power grid to maintain grid supply-and-demand capacity over multiple hours. This is where long-duration energy storage is key. VRFB batteries can also function as a backup electricity sourceBetter alternative to Li-io batteries: Vanadium Redox Flow Batteries are emerging as a better alternative to Li-ion batteries especially for stationary storage applications behind the meter (BTM) or for large utility scale. VRFBs offer higher energy capacity and full discharge, allowing for long-duration storage that can boost the resilience of a grid powered by renewable energy. Furthermore, the Vanadium electrolyte is non-flammable, non-explosive and does not degrade over 20 or 30 years of operation. Vanadium and Lithium commercially exploitable deposits are comparable in terms of metal volumes. The Vanadium based technology is fast emerging as a solution of choice to accelerate energy transition and meet climate targets.Strong demand potential over the next decade: The VRFB market is poised for rapid growth in the coming years, especially as demand for long-duration storage capabilities increases. According to market intelligence and advisory firm Guidehouse Insights, global annual deployments of Vanadium Redox Flow Batteries (VRFBs) are expected to reach 32.8 GWh per annum by 2031. This represents a CAGR of 41% during 2022-2031.Long-term agreement de-risks Vanadium supply: CellCube has established long-term supply agreements with the electrolyte providers US Vanadium (USV- private) and Bushveld Minerals (AiM:BMN.L). This allows the company access to high quality vanadium electrolyte of multiple millions of liters p.a. at a price cap, shielding the company from vanadium price volatility.CatalystsExpansion in North America and Australia; Further distribution and cross sector agreements; Decrease in cost of VRFBs; Increase in grid and microgrid renewable energy.Https://acfequityresearch.com/wp-content/uploads/2022/09/Enerox-GmbH-Cellcube-Core-Investment-Case-ACF-Equity-Research-07092022.pdf

[jonny_wright] 30/9/2022 09:33

We have been suspended during a terrible market, only plus here! Hoping investing environment is much better when we list

[dontay] 30/9/2022 08:53

CellCube in 8MWh flow battery pilot to target Australia's C&I market prospectsSeptember 30, 2022European vanadium flow battery brand CellCube has formed an R&D partnership in Australia in anticipation of establishing a presence in the country's long-duration energy storage market.CellCube is the trading/brand name for Austria-headquartered technology provider Enerox. The company has partnered with BESS Research, a researcher of battery configurations.The two will collaboratively work out how CellCube vanadium redox flow batteries (VRFBs) could help meet the need for 24/7 low carbon energy in Australia, beginning with a pilot deployment of a 2MW/8MWh VRFB system.The companies anticipate being able to develop and roll out a localised version of the CellCube VRFB system for the Australian market, claiming it could be ready and on sale by H2 2023. They will initially target the commercial and industrial (C&I) microgrid segment that CellCube is also pursuing opportunities in elsewhere in the world.CellCube said C&I entities in Australia are actively looking for energy storage with duration in excess of four hours to enable decarbonisation of their operations.The company anticipates marketing the flow battery technology, which it considers to be durable as well as long duration, to customers with industrial facilities located in remote areas with harsh climates and a need for versatile energy storage that can perform multiple applications.BESS Research will procure the necessary parts, software, and service solutions for the pilot deployment from CellCube and could adapt or add elements to the VRFB design to meet specific needs of the Australian market.Flow battery R&D at the forefrontBeing able to source and scale raw materials and component supply is an important aspect of commercialising any technology and although the vanadium flow battery was actually invented in Australia, Windimurra, the country's only working vanadium mine, went out of business some years ago.Located in Western Australia, the co-developer of that plant is actually involved in the new VRFB partnership. Andrew McKee is now managing director at Nanomem, a membrane technology company.Nanomem is helping CellCube and BESS Research to improve the proton exchange membrane that forms a key part of the VRFB system design as well as securing localised vanadium electrolyte supply.It has also been a stated aim of the national and various state governments of Australia to develop expertise and an industrial base for manufacturing batteries, including lithium-ion and flow batteries.That was the case even before the recent election of climate-friendly Prime Minister Anthony Albanese of the Labor Party, who set Australia's first national clean energy targets, aiming for 82% renewables by 2030.With government financial support disbursed to support those efforts, various entities have been developing both vanadium production, processing and electrolyte manufacturing facilities in the country. CellCube formed an agreement with one of those, Australian Vanadium, in 2020. That said, perhaps the best-known flow battery company based in Australia so far is Redflow, which makes systems based on zinc bromine electrolyte, not vanadium pentoxide."We are facing a high demand for double-digit megawatt storage systems in remote areas," Nanomem's Andrew McKee said."Australian customers want to see a successful proof of concept project with a megawatt battery storage delivering power and energy for multiple hours – a complete storage technology covered by bankable performance guarantees and with the ability to leverage finance through power purchase agreements (PPAs)." Other markets CellCube is targeting include the US. Towards the beginning of this year the company agreed a five-year vanadium electrolyte supply deal with producer US Vanadium. CellCube set up a US subsidiary in May and announced a 2MW/8MWh C&I microgrid project in Illinois a couple of months later.In May, CellCube signed a 1GW, five-year VRFB deployment agreement with South African energy asset developer Kibo Energy. South African primary vanadium producer Bushveld Minerals' energy storage subsidiary also holds a stake in the VRFB player.  "We are excited that the Australian government has put R&D at the forefront of their financial support to strengthen the localisation of technology and production to achieve net-zero with an Australian value chain. This cooperation follows our business strategy to establish regional offerings and working with local supply chain partners to build megawatt microgrids in our key markets," Alexander Schoenfeldt, Enerox/CellCube CEO said."As started in North America and South Africa, we are now keen to start business in Australia and, as such, mobilising key staff to build local knowledge and teams and value in Australia for the Australian market."Https://www.energy-storage.news/cellcube-in-8mwh-flow-battery-pilot-to-target-australias-ci-market-prospects/

[dontay] 14/9/2022 10:57

Tweet: 14/9/22CellCube's Vanadium Redox Flow Batteries (#VRFBs) have been selected to become an integral part of @GW_Electric innovative microgrid solution offer.On the basis of a Value Added Reseller Agreement G&W & CellCube will offer their innovative technologies. lnkd.in/gss7yZxs

[bigginge1] 07/9/2022 08:18

The complicated futility of failure here

[megaman2] 07/9/2022 08:01

They are fannying about from what I can see ..the court case was settled in Jan . Why 7 months later is the prospectus not finalised ..cln holders keep bailing which is a very bad sign especially as they just get offered another long lock in to bmn clns...which is not a promising offer imo out of the fry pan into the fire but it shows what they think about the expectations here ...

The recent $1.25 mill is particularly ominous ..if must is about to list in 2 months as we are led to believe why would you bail now into what will be at least a 12 month cln lock in at bmn ?? Very very alarming ..

[begorrah88] 07/9/2022 07:11

Can only hope that they, if they ever do relist, get enough insti's to try & ramp the share price that it gives a chance for PI's to get out not too badly burnt.I have real doubts that it will ever get back to the market. Too many disparate parts to pull together.

[megaman2] 07/9/2022 06:47

Rns :report .
Cellcube have installed 23 mwh in its entire life ....going to need serious funding to take this forward from here ...dilution ahoy several rounds likely warrants etc . You wonder we are seriously in the dark about cellcube and still the must re-listing seems incomplete how will they communicate to new investors and what will they communicate ?? To entice them to buy

Invinity are struggling around £50 mill market cap and have already raised around $95 mill. Plus they have the major advantage of having the whole company floated as opposed to combatant parties with most of the equity private it's not a good story in comparison ..

[dontay] 06/9/2022 09:18

September 5, 2022MIT report: non-technical barriers to energy storage and how industry is getting around them.Read Full MIT Report here (download PDF)Https://www.energy-storage.news/mit-report-non-technical-barriers-to-energy-storage-and-how-industry-is-getting-around-them/

[megaman2] 02/9/2022 11:05

From the rns it says " finalisation of the prospectus " ...we are not being told the full story here ...how can the FCA be reviewing the prospectus if it hasn't been finalised .??

Bmn still haven't explained how they will carve out their shares ...surely they are going in here to? That's my guess is that what needs finalising it's 7 months since the court case what have they been doing ????

There is nothing so far announced that explains the delay except incompetence and internal squabbling.....

[bigginge1] 02/9/2022 09:23

Sounds like a child who makes up a very over elaborate story to hide the truth to me.

[megaman2] 02/9/2022 08:46

What's the bet this isn't the final extension ...cellcube on fumes another cln holder jumps ship doesnt Bode well imo

Would not be surprised to see the shareholders having to stump up some interim funding before access to capital markets then what will they need another $30 mill?

[dontay] 31/8/2022 15:24

Only another 8 working days to go before we should get an update on how the FCA situ is proceeding and if they'll need to arrange another delay if they haven't yet completed their deliberations

[begorrah88] 30/8/2022 06:08

& still no update from MUST

[megaman2] 30/8/2022 04:39

hxxps://www.businesslive.co.za/bd/opinion/2022-08-29-frank-spencer-vanadium-a-far-reaching-solution-to-energy-challenges/

It's not a good read in South Africa .bushveld energy have honed in in South Africa I've always Said that was not a good business decision as vfrbs need government support and there are much larger markets to focus on ...from above they won't be selling anything soon ...

[dontay] 26/8/2022 18:25

"We are currently in the FCA prospectus process and our plan is get a bit further along that process so we can better determine how much more of an extension we might need to request from the holders of the CLN’s. The vagaries of the FCA process is that there is no set timetable, which makes adherence to expected timelines difficult."

[megaman2] 26/8/2022 10:25

I doubt it's all collapsed cellcubes likely desperate for cash imo unless they found a quicker route to a USA listing with Garnett on board . Bmn/acacia shares need access to markets asap fir funding .The problem here I suppose is the well researched won't like the Garnett issues/conflict and the lesser researched won't understand why they should buy a company that owns some shares in another private company ....the first question new potential shareholders should ask is why hasn't all of cellcube reversed in..well we know the answer but it it's not a good look ..

[begorrah88] 26/8/2022 09:36

Actually won't be Monday as that is a bank holiday.

[begorrah88] 26/8/2022 07:14

Probably Monday now before we find out if another extension has been agreed or if it has all collapsed.Ding dongs reply said 30 days for it to be agreed.

[dontay] 24/8/2022 08:23

Hey, not sure about being a bright bloke :) but if you listen at 18.55 minutes, he said ..... ?"Mustang ...recently announced the transaction to acquire to increase the shareholding in VRFB Holding to 49.5%, that transaction alone has got an implied valuation in there of about £77 million dollars for Cellcube". He also said he thinks it's value is worth north of that. My understanding is It's BMN/BE share of the pile thats around 24-25%, so possibly around 19.5 million?

[megaman2] 24/8/2022 06:22

Dontay is a bright Bloke he knows the $77 million referred to is the total value for cellcube I think he's just typed it wrong.

Invinity have already raised c $95 million to get to where they are . I'm assuming cellcube need another $30 million to keep the lights on and the re-listing comes with an equity raise for working capital and funding of cellcube and maybe be . Garnett will be jumping up and down now re funding .....

My guess here is that bmns share will reverse in with be and there is a delay in that perhaps awaiting the idc to give approval as they own 45% of the electrolyte factory or indeed their loan gets paid off before so they get taken out of the picture . Bmn need a vehicle to carve out be and there is ready made one here . More delays likely imo. Could be wrong just can't see the sense at be looking for another spac to house it's bits and bobs. Adds up and explains why no current timescales. We may have only half the picture at the moment imo. This could be year end which is only 4 months away now. A company owning 50% of cellcube and an electrolyte factory and 1 mini grid project with a finance package may be a better story to spin to would be investors going to need lots of cash though .

[gerd212] 23/8/2022 10:58

Mustang holds almost 25% of Enerox. Could Enerox be valued 4 1/2 times more than Invinity?

[megaman2] 23/8/2022 10:40

Values must at about c $20 million ? The question is how many shares will be in issue when it re-lists surely sone dilution coming? Still no details in 4xactky how this carve out happens I've suggested be and their shares all reverse into must but wtfdik...at least it's a suggestion as the company have Said zero ...

[dontay] 23/8/2022 10:04

Interview with Bushveld Minerals CEOEnergy Carve Out Achieving Critical MassMustang's investment in VRFB-H (Cellcube) is worth about $77 million.Https://youtu.be/hsXLOrjca-g

[megaman2] 23/8/2022 06:30

You have to factor in bmn involvement here when considering the rate of progress here.

High aspirations low on delivery.

Everything they get involved with looks and moves like a drunk sedated slug.