Australian (ASX) Stock Market Forum

TLG - Talga Group

Jump to new
surprisingly...
- got it away, with extra $$s
- trading above, now 44c

Prospectus Offer closed on Friday 23 August 2024 with demand substantially surpassing the targeted A$5.0 million. In light of the strong shareholder support and to minimise the dilution of shareholders who have been steadfast supporters of the Company, the Board has exercised its discretion under the Prospectus Offer to increase the offer size to A$9.0 million, and to scale back applications in excess of this amount.

The Offer complements the Company’s recent successful institutional placement which raised A$9.5 million, with combined proceeds totalling A$18.5 million received post 30 June 2024. The 30 June 2024 cash balance was A$14.1 million (ASX:TLG 29 July 2024).

Proceeds from the Prospectus Offer and placement will be used to fund pre-FID Vittangi Anode Project development, progression of expansion studies, progression of the SQM lithium JV and general working capital. Additional funds from the oversubscribed Prospectus Offer will be allocated pro-rata across these determined use of proceeds.
 
Saw this post on another forum regarding provision of housing in Northern Sweden. Hopefully all adds to obtaining the local support for Vittangi project

"Mats Taaveniku says they would be more positive towards the mine if the company could give something back to the municipality, aside from job opportunities and a mine in Vittangi. For example, if they built housing or paid for municipal services.– Yes, then we would of course reconsider the decision unless the government makes a decision first."

There's now no need for this, as the municipality will get their housing.


From Andreas Carlson:
18/09/2024

"Today I present an important budget news to facilitate housing construction in northern Sweden. SEK 1.5 billion until 2028 to support housing construction in the north. The aim is to facilitate housing construction and support the industrial transition. In the budget bill, the government proposes that SEK 140 million be allocated to housing projects in northern Sweden as early as 2025 and the sum increases to a total of SEK 1.53 billion for the years 2025-2028. The funds will act as a catalyst for housing construction in the municipalities concerned. The proposal is based on the Government's coordinator Peter Larsson's proposal for housing construction in northern Sweden.

The Government will return to the exact formulation of the proposal. The appropriation may be used for expenses for loans for housing investments in certain municipalities and the structure we are looking at for lending is a top-up loan function.

The second part of the proposal presented today is about a reduction in credit guarantee fees, which applies to all establishment and transition municipalities regardless of where in Sweden they are located. The funds available in the existing system of credit guarantees are currently not being fully utilised. This means that some of the money is not used, while the need for housing in general is affected. The purpose of the reduction in credit guarantee fees is to increase the use of government credit guarantees for housing construction.

Business establishments and expansions in northern Sweden contribute to our nation being a world leader in innovation and the green transition. At the same time, it poses great challenges in arranging housing for all new residents. Housing construction is a key to being able to invest in the green transition, in the future, in our home Sweden. Today, the government is moving forward with proposals to allow more housing to be built in the north."

thestockexchange.com.au

TLG Discussion 2022

Sigh.. and now TLG gets removed from ASX300 as well. Hope it's not too much of a down trend because of this. Damn you SC! All this is totally unnecessary and avoidable! Perhaps this explains why the shorts went down before. It is not just the SC. It is only representative. The SC only reacts...
thestockexchange.com.au thestockexchange.com.au
 
Good morning

Some movement at the station today (26/09/24) ...
Daily Chart
1727313869258.png


Not holding

Kind regards
rcw1
 
rcw1 said:
Good morning

Some movement at the station today (26/09/24) ...
Daily Chart
View attachment 184868
Click to expand...
train backed up into a siding, held back at 37c, left platform today when signals changed. 42c.

Talga has been selected for an EU Innovation Fund grant for its commercial scale Luleå Anode Refinery, part of its integrated Vittangi Anode Project.

Talga applied for a EUR 70 million (~AU$115 million) grant under the IF23 call and was successful as part of an award to 85 innovative net-zero projects helping to put cutting-edge clean technologies into action across Europe. The grant is awarded by the European Commission and the selected projects are to receive a total of EUR 4.8 billion in grants under the EU Innovation Fund. The call for projects attracted 337 applications.

Talga now enters the next phase called ‘grant preparation’ to formalise documentation. Applicants aredue to sign their grant agreements with the European Climate, Infrastructure and Environment Executive Agency (CINEA) in the first quarter of 2025
.
Not the express service
 
Dona Ferentes said:
train backed up into a siding, held back at 37c, left platform today when signals changed. 42c.

Talga has been selected for an EU Innovation Fund grant for its commercial scale Luleå Anode Refinery, part of its integrated Vittangi Anode Project.

Talga applied for a EUR 70 million (~AU$115 million) grant under the IF23 call and was successful as part of an award to 85 innovative net-zero projects helping to put cutting-edge clean technologies into action across Europe. The grant is awarded by the European Commission and the selected projects are to receive a total of EUR 4.8 billion in grants under the EU Innovation Fund. The call for projects attracted 337 applications.

Talga now enters the next phase called ‘grant preparation’ to formalise documentation. Applicants aredue to sign their grant agreements with the European Climate, Infrastructure and Environment Executive Agency (CINEA) in the first quarter of 2025
.
Not the express service
Click to expand...

Yeah good news for Talga. Demonstrates very active practical ($$$) support for their critical minerals project . Improves the cost basis of their Vittange Project and (hopefully...) encourages final approvals which should have xxxxing been given xxxxing 12 months ago. :mad::mad::mad::mad:
Anyway lets see what happens. Talga finished trading at 40c so they couldn't hold the initial flurry of support.

On a soberly realistic basis one wonders if the project will finally get completed AND be commercially successful.
 
might see a pop. 41c now

(@basilio might pull a rabbit for Oct comp)
.

Supreme Court dismisses appeals - Mine environmental permit in force

Talga Group Ltd is pleased to report that the Swedish Supreme Court has dismissed all requests for leave to appeal the Environmental and Natura 2000 permit for Talga’s Nunasvaara South natural graphite mine, part of its vertically integrated Vittangi Anode Project in northern Sweden.

The Supreme Court’s decision concludes the statutory appeals process, and the Environmental and Natura 2000 permit is now officially in force.

Talga Group CEO, Martin Phillips, commented: “We are delighted with the successful conclusion of the environmental permitting process. The Vittangi Anode Project is vital for Europe’s energy transition and strategic material supply. We look forward to continuing to work with our host communities and stakeholders throughout the execution phase to deliver sustainable, high performance anode materials for the European battery industry.”
 
Last edited:
Copied from another site. Lulea where Talga is building its processing plant is becoming a critical new industrial development site in Sweden
.................................................................................................................
Just because I find this photo remarkable.
Lulea no longer seems so small.


1730214961014-jpeg.jpg

"Technical visits​

Luleå has gained global attention for numerous reasons, especially as a central hub in the ongoing global societal transformation. Hundreds of billions are being invested in new climate-smart industries and innovations focused on the sustainable development of products and services.

In Luleå, there is renewable electricity and a substantial mineral reserve for the refinement of steel and iron. The new port, which will soon be the second largest in Sweden, is also one of the reasons why the area is important for Europe’s development and for new industrialization. Luleå is home to a a world-leading university, tech companies, and one of Sweden’s largest technology parks, Luleå Science Park.
With innovative thinking and a fresh flow of impressions, knowledge, and exchanges, we create sustainable renewal. This makes us one of the most important Swedish coastal regions and a role model both nationally and internationally."

https://www.lulea.se/naringsliv/naringsliv-omvarld-och-destination/etablering/technical-visits/technical-visits-in-english.html

""As Boden and Luleå are getting closer to each other, and in 10-30 years when the Bottnian Northline should be in Luleå, we are then a smaller metropolis. Therefore, I think the Western alternative is the best’, writes the author of the letter."

INSÄNDARE: Västra är rätt – Boden och Luleå närmar sig varandra ​


"I och med att Boden och Luleå närmar sig varandra, och om 10-30 år när Norrbotniabanan bör vara i Luleå, är vi då en mindre storstad. Därför tycker jag...

thestockexchange.com.au

Sweden, home of TLGs graphite mine(s)

❗ The clearest words from an independent body (Timbro Environmental Research Institute, responsible for climate, environmental and energy issues ) in our favour: "The left-wing government in Kiruna is slowing down Europe's battery industry Sweden has what it takes to break the European...
thestockexchange.com.au thestockexchange.com.au
 
mullokintyre said:
Congrats on your patience Bas, I gave up yonks ago.
Hope you make a motza.
mick
Click to expand...

There is a loooooong way to go on Talga. In any case my investments are relatively modest. On (many) principles however I would like to see Talga succeed even if only at a modestly profitable level.

1) It offers a critical component of battery construction inside the EU ie independence from China

2) It's success would underpin the EV industry in the EU and possibly beyond. That is no small achievement

3) The production process is very environmentally friendly. Minimum emissions. Relatively simple extraction and production. It is rightfully a minimum CO2 output product and will be noted as such

4) The management have worked tirelessly to keep this show on the road. We should be half way through the build by now. I think many other people would have given up and sold out. Not here. And they have kept their cut modest.

5) The graphene products Talga can produce could offer outstanding value to both shareholders and the community. It would be great to see these flower

6) And finally. Hopefully the profound success of Talga on the Macro level on reducing carbon emissions and underpinning a critical new sustainable industry will demonstrate to the hard core environmentalists that there is a point to quality sustainable development.
 
Webinar information on line

All looks promising with final Environmental approval. But still along way to go
SP slowly falling despite the final good news. Off takes signings and bedding in finance will be the next critical steps.

icon-pdf.png
Talga Investor Webinar Presentation (PDF 4,905.7 KB)
 
Talga AGM completed. Very encouraging presentation. The basic parameters of Talgas project are sound. The need for cost and environment effective mass anode production in Europe. Demonstrated high quality products. Great ongoing innovation.

Whats left ? Some decent offtake agreements. Teeing up the remainder of the investment capital to get the show on the road.

icon-pdf.png
AGM Chair's address (PDF 68.9 KB)
icon-pdf.png
AGM Presentation (PDF 5,668.3 KB)

1732342325165.jpeg
 
I thought this observation about Mark Thompson Talga CEO from another website was worth sharing.

I agree, I'm not concerned about the offtakes (or sales agreements as they should probably be referred to as). Interestingly, Mark hinted that the really big news upcoming will be the strategic partnership. He suggested that the market and institutional investors will sit up and take notice when this is revealed. It will demonstrate that Talga can really get the project delivered.

Best regards,
thestockexchange.com.au

The Talga Bar

Hello Cosors, At the AGM yesterday afternoon, Mark, mentioned Northvolt (I think it was in response to a shareholder question) and said the problems they are experiencing have no bearing on Talga. He also said that it underlined the importance of owning the IP and having all the knowledge and...
thestockexchange.com.au thestockexchange.com.au
 
basilio said:
I thought this observation about Mark Thompson Talga CEO from another website was worth sharing.

I agree, I'm not concerned about the offtakes (or sales agreements as they should probably be referred to as). Interestingly, Mark hinted that the really big news upcoming will be the strategic partnership. He suggested that the market and institutional investors will sit up and take notice when this is revealed. It will demonstrate that Talga can really get the project delivered.

Best regards,
thestockexchange.com.au

The Talga Bar

Hello Cosors, At the AGM yesterday afternoon, Mark, mentioned Northvolt (I think it was in response to a shareholder question) and said the problems they are experiencing have no bearing on Talga. He also said that it underlined the importance of owning the IP and having all the knowledge and...
thestockexchange.com.au thestockexchange.com.au
Click to expand...

If this "hint" is on the money then I think Talga will be in a very sound position to become the big player in battery production in the EU.
I noticed that there was some large buyers in the market today so perhaps there will be a significant announcement in the near term.

If that is the case then Talgas production plans will be reviewed sharply upwards and it will be revalued.
Still holding
 
How significant is Talga's planned anode production ? How big an operation could/should it be ?

This story analyses the overall picture of European EV battery production. It makes grim reading and for all sorts of reasons the EU should most definitely develop a European based battery production.

In that context Talga will be absolutely central in the picture. Talga already has significant government support. The project is approved . What remains is the offtake agreements and strategic partnerships that underline the economics of the project.

1733143001331-png.png



1733143037569-png.png


Swedish battery manufacturer Northvolt, once the poster child of Europe’s green industry and battery independence, has narrowly avoided bankruptcy prompted by a liquidity crunch – despite a remarkable $55 billion order book and $15 billion raised in debt, equity, and subsidies. Now Northvolt’s near-death experience is raising serious concerns about the future of made-in-Europe batteries. For the European Union to successfully maintain a sector critical to the continent’s industrial future, energy transition, and critical infrastructure, it must urgently develop and implement a decisive economic security doctrine which secures Europe’s place as among the leaders in the global battery race.


On Europe’s shores​

Northvolt’s aggressive vertical integration may have diverted focus from its core battery cell business; but its struggles reflect deeper structural issues in Europe’s battery industry. Despite announcing €180 billion of investment in the continent’s battery ecosystem, over half of planned gigafactories face delays or even cancellation. Aside from Northvolt, the only other significant EU-headquartered battery manufacturer, Automotive Cells Company, has halted projects, while Norway’s Freyr Battery has shifted investment to the United States to benefit from tax incentives.

Prospects for European production of high-value battery components like cathodes, anodes, electrolytes, and separators are even grimmer. Although demand is rising, the need for components exposes the EU battery industry to severe dependencies on China, which controls 80 per cent of the global components market. Only Umicore in Poland and BASF in Germany and Finland have begun cathode production, while anode production is nowhere to be found in Europe.* Separators and electrolyte investment, meanwhile, comes exclusively from China and South Korea.


The China problem​

Overall, several factors are contributing to the bleak outlook for Europe’s battery industry.

First, a declining demand in the EU for electric vehicles (EV) is harming domestic battery producers. Second, China’s battery companies excel in innovation and benefit from manufacturing excellence, outcompeting European rivals. Third, prices for raw materials like lithium, cobalt, manganese, nickel, and graphite are rapidly declining due to global oversupply.

Continual price volatility and local resistance to the opening of lithium mines impedes the business case for European projects. China’s dominance in raw materials also offers its battery-makers cheap and privileged access to the necessary resources: European companies must compete across each supply-chain segment, whereas Chinese state firms can produce raw materials at a loss and thereby bolster battery- and EV-makers further downstream. As a result, Europe is not competing against individual companies – but rather against entire supply chains.

Furthermore, Chinese overcapacity in battery cell production means battery prices in China are now 50 per cent cheaper than elsewhere. Chinese plants can already produce over triple the domestic demand. This overcapacity is an existential threat to Europe’s fledgling battery industry. If these dynamics continue, the business case for made-in-EU batteries will diminish significantly.


Shifting gear​

Batteries are at the heart of geoeconomic competition for control and access to strategic industries. Beijing, which is busy tightening controls over its technology exports to leverage dominance in the value chain, has already weaponised batteries and raw materials. Meanwhile, Washington’s strategy is bent on creating China-free supply chains, with EVs in its crosshairs.

But Europe’s current battery strategy remains mute on these geoeconomic dynamics. The EU therefore needs a comprehensive economic security doctrine that specifies which parts of the supply chain struggles against foreign competition and which could be competitive; which parts of the industry may need short-term protection, subsidies, or open trade; and which elements of the supply chain need priority focus due to being at high risk of weaponisation.

Most importantly, each solution laid out in an economic security doctrine should provide mutual support for the other and explain how each entity – whether EU member states or the European Commission – is responsible for each step.


1. Diversification​

In supply chain areas where Europe cannot compete on cost or lacks major industrial players, the EU should focus on finding different partners to lower the risk of reliance on single suppliers.

For example, silicon-based anode production is a promising alternative to graphite anodes, where China has a 97 per cent market share. Researchers and companies in the US and South Korea are leading in their development. If the EU can support its allies in advancing innovation, in turn these partners would support the bloc’s economic security through diversification.

One tool with which the EU could advance such battery partnerships is through Clean Trade and Investment Partnerships, which promise to identify partners with manufacturing, innovation, or the material capabilities the EU lacks. To bring these partnerships to life, the EU will have to provide strong offers, such as co-funding battery research programmes or financial support to ramp-up production. In this way it would support manufacturing of battery components in countries which have lower labour and energy costs, making them a competitive supplier to the EU.

An economic security doctrine which
identifies how European industry could
land amid the victors in the ongoing
‘battery wars’ is the EU’s best chance


2. Made in the EU​

In supply chain areas that are deeply integrated with the EU automotive base, promise significant jobs, and could be weaponised, the EU should support “made-in-EU” measures for battery cells, components, and recycling.
This approach would not exclude foreign companies from production in the bloc – on the contrary, some 90 per cent of battery cell production in Europe is in the hands of Korean companies. Rather, EU leaders should ensure Japanese and Korean greenfield battery investments will continue while simultaneously preventing the continent from becoming an assembly hub.
However, this strategy still needs to ensure the right market conditions on the continent. It first requires the EU’s latest battery regulation, which aims to strengthen sustainability rules for batteries, to include strong CO2 footprint disclosures favouring green and made-in-the-EU production. Second, the EU should consider extending Chinese EV countervailing duties to EV components such as batteries to ensure Chinese EV makers in Europe are incentivised to use local-made batteries. Third, the commission should implement the Foreign Subsidies Regulation which targets foreign battery firms benefitting from EU subsidies.
At the same time, made-in-EU parts of the supply chain require targeted state support to scale-up production. The commission now operates a €3 billion Battery Fund which should prioritise supporting companies with EU-based sourcing and low-carbon supply chains. But a substantial financial support instrument with a single rulebook is needed for the EU to have strategic steer on which parts of the supply chain need its full support.

3. Infant industry​

Where EU innovation is competitive and could lead to technological breakthroughs for the battery industry, the bloc should prioritise scaling commercial production and, if necessary, using trade protections such as tariffs until the industry matures.
For example, solid-state batteries – considered the most promising next generation of battery innovation – is an infant industry in which EU players are better positioned to be competitive. France’s Blue Solutions is already selling solid-state batteries for buses, while Germany’s Schaeffler, Spain’s Basquevolt, and the Dutch Lionvolt are also trialling innovations.
To support these players against multibillion-dollar competitors and a Chinese state fund, the EU needs to close the scale-up finance gap by deepening capital markets and nurturing the venture capital scene. EU policymakers should also prevent foreign competitors from using their scale to undercut a promising infant battery industry, meaning short-term trade protections should be in consideration for the single market.

4. Security​

As batteries underpin renewable-energy grids, they are becoming central to critical infrastructure and require a more focused security approach. With battery-storage systems also vulnerable to cyberattacks, the EU would be wise to conduct a targeted analysis of the battery-specific risks to Europe’s energy grid, especially where the US-China rivalry or other geopolitical events could have a major impact.
Batteries are already being weaponised. For example, Beijing sanctioned America’s largest drone maker, Skydio, which banned Chinese battery sales to the company – and this is Ukraine’s largest drone supplier. The defence industry must therefore also consider their risk exposure and, where feasible, defence planners should prioritise procuring innovative and resilient battery supplies. A strong stance on defence would also support Europe’s battery supply chain.
Finally, if companies like Northvolt are forced to sell assets, European governments should use investment screening tools to prevent deepening dependencies on strategic rivals. The commission’s FDI screening revision proposal mandates screening investments in “critical technology” sectors, including energy technologies. Increased support for this initiative is essential for the EU to develop a more unified investment landscape.

Battery wars​

Batteries are at the heart of geoeconomic competition. China’s economic policies have helped create the market – but in doing so, the country has the market cornered. With other powers vying for control and influence over a technology which is helping define Europe’s industrial future and energy transition, the EU faces some tough decisions. An economic security doctrine which identifies how European industry could land amid the victors in the ongoing ‘battery wars’ is the EU’s best chance at preserving a global balance of industrial power.

The European Council on Foreign Relations does not take collective positions. ECFR publications only represent the views of their individual authors."

ecfr.eu

Recharge or regret: Why the EU must act decisively to secure Europe’s struggling battery industry

Northvolt’s near-collapse demonstrates why the EU needs an economic security doctrine to identify where in the battery supply chain Europe can create winners – and then go all-in for success. If Europe continues down the same path, its battery industry will hit a wall
ecfr.eu ecfr.eu
 
How long should it take for Talga to sign up long term strategic partnerships and off take agreements at a good price for shareholders ?
Why hasn't this happened in the 6 weeks since Talga finally (almost) got permission to start site development ?

Some observations from another site on the topic.
.........................................................
Stop counting in weeks. Most people in Europe cant even schedule a meeting without 1+ weeks notice, probably a fortnight for people in high level positions.

even once we have a permit, what do you think it takes to finallise an offtake agreement?
just spitballing but for arguments sake:
1 meeting with Talga
3 meetings internally
1 more meeting with Talga
2 more meetings internally
Final meeting with Talga
Final internal meeting
signing of agreement.

in between each meeting, other people are going to have to do work and review data and report in amongst whatever other work they do.
Let's say optimistically its 1 week between meetings, that's 10 weeks we're looking at. So no one should be surprises that 7 weeks after getting the permit we still haven't had news.

Side note: I wanted to cancel my discount card for the German train service, and i had to POST THEM A FORM 1 MONTH IN ADVANCE!!!
this is the context we're dealing with even without the added level of bull**** the swedes put us through.

Our offtake agreements are big deals and going to be multi-year partnerships for a product that's been years in testing and qualification. Yes Talga is pushing hard to make it happen no one involved considers a few months to be an outrageous timeline, especially going over the Christmas holidays.

Companies making a commitment prior to permits expect a better deal to compensate the additional risk and opportunity cost. Talga says nah we know what our product is worth, we'll wait and then when you're ready we'll sign a deal we're all happy with.

If it were a bulk commodity where companies could just add it into their total volumes with everything else, sure maybe that agreement would be fine.
But in case you haven't noticed THAT'S NOT WHAT TALGA OFFERS.

So now things are cleared to move forwards, NOW companies still need to do their due diligence and everything else that needs to happen internally to make a long term commitment.

Entire process:
Years

Finalising xhit once everyone knows there's no more definite roadblocks:
Months, not weeks.

Just a reminder to everyone, macro environment had shifted in our favour. Companies will be taking the CURRENT context into account when they make their final arrangements. And I fully trust that Talga is not just pleading to make any deal, but the best deal.
thestockexchange.com.au

TLG Discussion 2022

I hate this report. Sweden is terrible for mining given the long winded process any mine needs to go though. On all administrative levels. It's complete horse ****. And this report will be used by politicians to justify the status quo.. i.e. "Look, we are doing it exactly right" what garbage...
thestockexchange.com.au thestockexchange.com.au
 
Couple of interesting articles on Graphite which of course is the critical part of Talgas proposed Mine to Anode facility.

The ITech analysis offers an overview of teh industry and, naturally, a plug for their proposed Australian Graphite play.

The other post comes from Talgas senior Board Advisor. Highlights just how critical and valuable Talgas project is for all European EV production.

www.itechminerals.com.au

GRAPHITE | iTech Minerals

Graphite is a soft form of carbon that has a number of unique properties and is a key component in lithium-ion batteries.
www.itechminerals.com.au www.itechminerals.com.au

1734410689220.png
 

Similar threads

System
RAP - Raptor Resources
Replies
1
Views
639
Dona Ferentes
Dona Ferentes
System
ORD - Ordell Minerals
Replies
7
Views
2K
houtman
H
System
I88 - Infini Resources
Replies
3
Views
2K
finicky
finicky
System
OCT - Octava Minerals
Replies
5
Views
1K
Country Lad
Country Lad
System
PR2 - Piche Resources
Replies
2
Views
966
Dona Ferentes
Dona Ferentes
Top