Zinnwald Lithium Share Discussion Threads

[richsawko] 12/6/2024 14:50

Same old story here, dripping down again!

[indiestu] 06/6/2024 09:16

Agreed but we should have heard this milestone news in February. I can only take from this that the work on February's MRE was a waste of time as the results were not what they needed retesting has taken four months and a likely a large chunk of cash. They are attempting to put a positive spin on what is actually quite a major screw up.

[robertspc1] 06/6/2024 09:03

I think this is the key bit of the announcement....This is a major milestone, further de-risking the resource and adding a higher level of confidence in the detailed mine plan, which is key to future financing plans.

[robertspc1] 06/6/2024 08:09

Some inevitable profit taking after a very good run. Happy to hold for the long term as still see this as a materially undervalued strategic asset

[dmitribollokov] 06/6/2024 08:07

Gap closed, let’s move up now…

[qs99] 06/6/2024 07:06

Boom, great to see some really good newsflow coming in.....DYOR....a long, long way to go...

[jusjusjus] 06/6/2024 06:40

Saxony getting it done!

[dmitribollokov] 06/6/2024 06:25

Jusjusjus - so the other company is a battery manufacturer, we supply the raw material, nice.

MRE measured category up 221%, wow, just wow.

[steeplejack] 06/6/2024 06:10

Zinnwald Lithium CEO, Anton du Plessis, commented: "We are delighted to announce substantially improved confidence in the Mineral Resource at the Zinnwald Project with a 3.2x increase in resource tonnes in the Measured category. The significant size of the measured resource coupled with the improved continuity underscores the potential for the Project to support materially increased production rates using large scale bulk underground mining techniques compared with what was contemplated in the 2022 Preliminary Economic Assessment."

[jusjusjus] 05/6/2024 17:29

Saxony creates conditions for the development of the future battery industry in the Free State
04.06.2024, 15:03 — First publication (current)

Economics Minister Dulig: "The development of our own manufacturing capacities in Europe is of strategic importance. The Free State and companies want to pursue this path together with local citizens."

The Ministry of Economic Affairs (SMWA) today presented the intended funding of the TCTF battery cell production projects of Zinnwald Lithium GmbH and Group14 Silane GmbH to the Saxon Cabinet. The SMWA was commissioned by the Cabinet to conclude the necessary administrative agreements with the Federal Ministry of Economic Affairs (BMWK) - subject to the approval of the Budget Committee of the Saxon State Parliament. These agreements are the crucial basis for establishing both lithium mining and the production of battery materials for the next generation of lithium-ion batteries in Saxony. This will enable Saxony to benefit from the entire value chain.

Investments totaling more than 800 million euros are planned. A total of at least 550 jobs are to be created. Economics Minister Martin Dulig, who was represented in the cabinet today by State Secretary Thomas Kralinski, said: "With these projects, two strategic aspects of the European battery value chain are being addressed directly from Saxony: firstly, independence from Chinese battery raw materials, especially lithium and graphite, and secondly, increasing the performance of batteries. Saxon companies will thus help to make the mobility of the future more affordable, more comfortable and more environmentally friendly."

The projects of Zinnwald Lithium GmbH and Group14 Silane GmbH are to be funded. The funding is based on the Temporary Crisis and Transition Framework (TCTF for short), a time-limited EU funding instrument to anchor the production of climate-neutral, strategically important technologies - e.g. batteries, heat pumps and electrolyzers - in Europe at an early stage and thus avoid one-sided dependencies.

The federal government will contribute 70 percent of the funding and the Free State 30 percent. In total, Saxony will provide around 50 million euros in funding. This support offers investors the necessary security to invest in these future technologies here in the Free State and thus create sustainable jobs.

Group14 Silane GmbH is a subsidiary of the US-based Group14 Technologies Inc., the world's largest manufacturer of advanced silicon battery materials. These ensure better performance in batteries for electric vehicles and many other battery-powered devices. The company plans to build a factory to produce the silicon battery materials on site. It will be connected to the existing monosilane production plant at the Schwarze Pumpe industrial park. The aim is to secure a sustainable battery supply chain in the EU.

Zinnwald Lithium GmbH intends to realize one of the largest lithium mining projects in Europe near Altenberg by around 2030. An underground mine is to be built to mine zinnwaldite. The mined ore will then be refined to produce lithium hydroxide monohydrate (LiOH) in battery quality and various by-products. The company's goal is to extract and process lithium for around 600,000 car batteries per year.

The funds from the federal and state governments are not only intended to support the establishment of companies, but also to increase the sustainability of the projects. For example, the local burden on the citizens of Altenberg and the surrounding area is to be reduced by avoiding transport and waste disposal. In the next steps, the companies will be asked to submit an application and must go through the regular approval procedures, which will then answer questions about detailed planning.

[dmitribollokov] 05/6/2024 08:04

They keep getting lifted and the MMs didn’t have any stock to start with, only a matter of time…

[dmitribollokov] 05/6/2024 07:08

It’s going to rip, the saxony govt selecting them specifically is huge. Aside than the other project, there are no real alternatives, they need to develop it!

[5chipper] 05/6/2024 06:34

At least €800 million, I believe

[indiestu] 05/6/2024 06:19

About as well as most of my calls! We are only in June. Lol. I always enjoying exploring the negatives to encourage debate. There's no guarantee of receiving a grant and no mention of the size of the fund that will be available. 'Agreements are to provide grant funding support for the Project by the State of Saxony in conjunction with the Federal Government under the EU's Temporary Crisis and Transition Framework ("TCTF").'So, this could be bad news. Temporary being the important word. The state wants the mine for the local economy so have applied for a stake of this emergency fund. Says to me there is no commercial interest in the project at this stage.

[dmitribollokov] 04/6/2024 19:39

How’s that post ageing for you indiestu?

[robertspc1] 04/6/2024 15:02

Very good news imho. The Federal and Regional Govts know that lithium is absolutely crucial to the future economy and will do everything they can to get this into production.

[steeplejack] 04/6/2024 14:22

I presume that this news has been circulating of late given the recent share price recovery but now its confirmed,there's reason to hope there might be more upside.

[bsg] 04/6/2024 14:00

RNS - massive! (ish)

[goggin] 03/6/2024 00:05

https://x.com/business/status/1797418531484586129?t=JMm3gIv4pnsgdqGYNnqrKw&s=19

[robertspc1] 31/5/2024 15:21

You may be right but I expect some corporate action before then. This is a highly strategic asset available for a relative steal and that won't go unnoticed for too long

[indiestu] 31/5/2024 14:57

I'm expecting the share price to drip down until the end of the year when the BFS is delayed and the begging bowl comes out.

[robertspc1] 30/5/2024 18:19

I'm expecting a TR1 soon as I think someone has been steadily building a stake. On a different note, as the Wests relationship with China continues to worsen, this is a decent hedge regarding further deterioration as there are very few European lithium assets

[richsawko] 29/5/2024 10:28

Happy to see smaller, regular increase in price that jumps which result in massive drops as profit taking results