TLG - Talga Group

[basilio]

No news on the legal challenge to the Anode project yet.
The SP is moving up sharply so it seems more people are confident of a good outcome than those believing this will all all over.

Talga posted its Presentation from the RIU explorers Conference. I think it makes a very compelling case for the value of this company.

Talga Presentation at RIU Explorers Conference (PDF 17,045.6 KB)

 

[basilio]

Talga's SP continues to move up. I think investors are very confident the last appeal against the proposed Mine/Anode factory will be dismissed in due course. I'm glad I bought more in the last few weeks.

If you are interested in far more detail about the various political and ancillary processes around Talga check out Thestockexchange.com.au site.

There are a handful of posters who offer exceptional insights.

The Talga Bar

Nothing since 13/12/23 … surely we’re getting close. I can nearly smell it. Look at here https://www.domstol.se/hogsta-domstolen/nyheter/ They're already at work. But I haven't the slightest idea how fast or how many employees they have. I don't think Schwenden will be any different to others...

thestockexchange.com.au

 

[Dona Ferentes]

Talga's SP continues to move up. I think investors are very confident the last appeal

10 per cent rise today, as high as 84c now

(and maybe a minor gong in Feb comp)

 

[basilio]

10 per cent rise today, as high as 84c now

(and maybe a minor gong in Feb comp)

DO NOT JINX ME!!

I understand there have been many short sellers of Talga. Wouldn't surprise me if these positions were unwinding.

Also of the view Talga is massively undervalued IF it gets the go ahead for its mine/anode plant. There will be a succession of information releases around fundings, joint ventures and off take agreements. The stopping of graphite exports from China will create a sellers market for Talga.

 

[basilio]

The short position on Talga has changed dramatically

 

[basilio]

TheStockExchange forum shared this update on progress at the Talga anode plant. The plans for expansion from 19,000 tons a year to far higher levels are mooted.

"Summary of the case Talga AB is building a European supply chain for battery nodes from natural graphite.

At Hertsöfältet in Luleå Industrial Park, production of battery node material is planned. The facility will be groundbreaking as the first full-scale factory in Europe to supply the rapidly growing battery and electric vehicle industry with natural battery anodes. The municipality is the property owner of land at Hertsöfältet/Luleå Indu- stripark, which is adjacent to Talga AB's property Hertsön 11:1010 with an area of 10 ha intended for a battery anode factory, see Appendix 1 of the letter of intent.

Over time, the possibility of expanding the land area has been discussed to meet Talga AB's future needs and enable an expansion of their facility. In light of the above, and to express the parties' common interest in Talga AB's future opportunity to expand and develop the project in Luleå, Talga AB and the municipality intend to enter into a letter of intent. The purpose of this letter of intent is to express the parties' joint interest in the project's ability to develop and expand directly adjacent to the land currently acquired by Talga AB. The parties will also jointly review the possibilities if this area can be expanded in connection with ongoing detailed planning work, and further discuss conditions for a possible acquisition or lease of land. The parties agree on a common goal to work towards concluding a land allocation agreement for suitable land.

The declaration of intent is valid until the earliest of:
1. Signing of a land allocation agreement or
2. 31 December 2025

The Community Development Committee has 2024-01-29 § 5 proposed that the Municipal Board decide to approve the declaration of intent with Talga AB according to appendix KLF Hid: 2024.601 and to give the municipal director the right to sign it.

The meeting
The chairman puts the proposal of the urban development committee under proposal and finds that the municipal board approves the proposal.

Sweden, home of TLGs graphite mine(s)

I found it in a roundabout way. Reminds me of the green party and its desire to close Cementa, i.e. no more concrete. Some argued at the time that it should be built with recycled materials and wood. From the Lulean Facebook page: from the QR 4/23 Subsequent to the quarter, stage...

thestockexchange.com.au

 

[basilio]

Talga announced that UBS have bought 19m shares (5% of company) on March 1st.

Market has taken that a sign of confidence and pushed up SP

Becoming a substantial holder (PDF 224.8 KB)

 

[basilio]

TheStockExchange Talga thread is always a source of interest. This recent post from a local offers an insight into the politics around the current Supreme Court appeal against Talgas operation.

I have dug into the news reports appearing in Swedish and Norwegian media about the Norwegian Fosen Sami Reindeer owners or State Employed Game Keepers jousting with the Giant trolls, the wind mills, dotted around the mountain meadows in south western Norway.

The Norwegian Government has offered the 30 families 7 Million NOK in total for their 1000 reindeer but paid yearly until 2043.

That is for the projected remaining 20 year life time of the wind mills.

So the deal is worth 7000 NOK per reindeer. So per Fosen Sami family that herd about 33.3 head, an income of in average 230 000 NOK per year. For 20 years. In a fell swoop nearly doubling their State subsidy based income. Cementing their position as the best paid State Employed Game Keepers in the world. I believe.

I predict there will be wealthy Sami in the Fosen area driving around in brand new Tesla cars, naturally charged by green electricity generated locally from the wind mills in the near future. Green colonialism in its extreme. And benefitting the local reindeer owning Sami population.

That now are cutting their ties and setting the demonstrators in Oslo, including Greta, a drift. Oh, the irony.

The leader for the Demonstrators, that obviously does not own any reindeer, and will not benefit from the deal struck, reportedly broke down and cried in Court being charged with occupying the Department of Energy in Oslo. And failing to pay the fines for disturbing the peace in a State owned building last year.

Hætta Isaksen: ”Det här är ingen seger” ​

Norra Fosen-gruppen är överens med regeringen. Men Ella Marie Hætta Isaksen är inte nöjd med utfallet. – Det här är ingen seger, säger hon till NRK Sápmi.

No wonder that the Fosen reindeer owning families of south western Norway are happy, the Government less so, but relieved, and the anti coalition of Greenies and militant Sami youth living in Oslo are very unhappy.

No worries

Beserk

Media

Vittangi IN PICTURES: Snow and frost cover a road and the landscape in the village of Vittangi in the north of Sweden where temperatures dropped to -38.9°C during the morning on January 3, 2024. 🥶 ...the Coop store Love your new logo Cosors 🤗

thestockexchange.com.au

 

[basilio]

Talga is well into the political play around the EU determination to be self sufficient in critical minerals.

​

​

"EU ‘stepping up its game’ on battery gigafactories in Europe​

March 12, 2024

The European Union (EU) is ‘stepping up its game on battery gigafactories‘, European Commission executive VP Maroš Šefčovič said at the Giga Europe conference today (12 March).

The two-day event in Stockholm, Sweden, is being put on by Benchmark Mineral Intelligence and brings together Europe’s battery manufacturing ecosystem, a nascent industry that has looked at risk in the last 18 months amidst increased competition from the US, which is supporting significant manufacturing capacity from new gigafactories, and incumbent China.

While there was an acknowledgement across the several keynote speakers of the scale of the challenge Europe (and the world) faces in scaling up battery manufacturing, mainly lithium-ion (Li-ion) technologies, there is still optimism that Europe can catch up and be a major player in gigafactories, something Charlotte Lejon from the Swedish Energy Agency unequivocally stated.
While the bulk of manufacturing capacity will go to the electric vehicle (EV) segment, the energy storage sector will also provide some offtake.

Šefčovič via videolink said that the EU is ‘stepping up our game in Europe’ in supporting the sector’s scale-up, and has recently adjusted its state aid policies under the ‘Temporary Crisis and Transition Framework’ to provide additional support to projects that would ‘match the support offered by a third country’.
Northvolt, for its Drei Germany gigafactory, was the first recipient under the revised policy, receiving a c.€1 billion package in January 2024.

EU 'stepping up its game' on battery gigafactories in Europe ​

The EU is 'stepping up its game on battery gigafactories', the European Commission's Maroš Šefčovič said at Giga Europe today (12 March).


"More than 300 new mines required to meet battery demand by 2035
More than 300 new mines could need to be built over the next decade to meet the demand for electric vehicle and energy storage batteries, according to a Benchmark forecast. At least 384 new mines for graphite, lithium, nickel and cobalt are required to meet demand by 2035, based on average mine sizes in each […]"

More than 300 new mines required to meet battery demand by 2035 | Benchmark Source ​

More than 300 new mines could need to be built over the next decade to meet the demand for electric vehicle and energy storage batteries, according to a Benchmark forecast. At least 384 new mines for graphite, lithium, nickel and cobalt are required to meet demand by 2035, based on average mine...

source.benchmarkminerals.com





no PW
How the lithium ion supply chain can prepare for the EU Battery Regulation

How the lithium ion supply chain can prepare for the EU Battery Regulation | Benchmark Source ​

A new regulation which focuses on batteries at the centre of the energy transition is now under way in the European Union. The EU Battery Regulation, which replaces the EU Battery Directive, entered into force in August 2023, but has begun to phase in this week. This new regulation puts in...

source.benchmarkminerals.com


https://thestockexchange.com.au/threads/tlg-discussion-2022.7072/page-63

 

[basilio]

This article highlights Talgas (potential) role as major battery anode supplier for European battery production.

Europe’s anode supply chain converges on Sweden | Benchmark Source

Sweden is emerging as the leading hub for Europe’s battery anode value chain, as part of a broader trend of midstream battery investments converging around mineral-rich countries in Scandinavia. Since the EU’s Critical Raw Materials Act (CRMA) mandated that at least 40% of the bloc’s...

source.benchmarkminerals.com

 

[Dona Ferentes]

these sorts of statements are useless, and diminish the brand:

At least 384 new mines for graphite, lithium, nickel and cobalt are required to meet demand by 2035

.
And I thought greta, loveable numbskull that she is, was Swedish.

.
hold freecarried

 

[basilio]

https://thestockexchange.com.au/proxy.php?image=https%3A%2F%2Fmedia3.giphy.com%2Fmedia%2Fd2qJhxeaaWXPG%2F200.gif&hash=f9473cd0b7941c36173d8bb0fa8e90c0

 

[basilio]

I have copied and posted a number of comments from Thestockexchange website.

Some of the most interesting material comes from a poster who lives in Sweden and has indepth knowledge of the culture of the Far North and the reindeer farmers. Fascinating stuff. Worth checking out if one is interested in expanding your knowledge.
There is also a poster called Coscars who is exceptionally focused on Talgas future and the elements that will hopefully cement its success.

Media

Vittangi IN PICTURES: Snow and frost cover a road and the landscape in the village of Vittangi in the north of Sweden where temperatures dropped to -38.9°C during the morning on January 3, 2024. 🥶 ...the Coop store Love your new logo Cosors 🤗

thestockexchange.com.au

 

[basilio]

Talga has signed a Joint Management Agreement to recycle spent EV batteries and reuse the graphite.

Talga signs EV battery recycling JDA with Altilium

Battery materials company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce it has signed a joint development agreement (“JDA”) with clean technology group Altilium Metals (“Altilium”) to recycle graphite from used electric vehicle batteries. The JDA builds on previous APC-Innovate UK grant funded projects between Talga and Altilium, who are backed by global battery material giant Sociedad Química y Minera de Chile S.A. (“SQM”). As part of prior work Talga successfully utilised its purification and processing technology to refine Altilium black mass graphite for use in Talga’s battery anode products.

Under the JDA, Altilium will supply Talga with graphite concentrate from the black mass of spent batteries collected under a separate APC project between Altilium and Nissan. Talga will purify the graphite concentrate using its patent pending process technology, modified from the Company’s Swedish graphite anode project, and repurpose the purified graphite powder as battery anode material.

The process is one of several recycling streams Talga is investigating as part of its Talnode®-C Recycled Series of anode products for lithium-ion batteries.

Talga signs Altilium EV battery recycling JDA (PDF 399.7 KB)

 

[basilio]

Talga dropped an announcement on the FEED (front end engineering and design) study for the Vittangi Anode project.

All looks great. Some significant observations about efficiencies in final design, capacity to expand, cost control of capital spend and the capacity to finance the project. So now...if they can just get these pesky reindeer lovers to move on they can get to work.
Shares took a jump on the news and so far holding.

Completion of Vittangi Anode Project FEED Study delivers strong results
Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG)
is pleased to announce the completion of the front-end engineering and design (“FEED”) for its
integrated Vittangi Anode Project (“Project”), located in northern Sweden. Highlights include:

• Optimised equipment and process design reduces the number of purification and anode production
lines required at the Refinery, reducing the building footprint and improving energy needs

• Anode production process configured and qualified to customer requirements, facilitating battery
maker and automotive OEM offtake negotiations

• Positive update to capital expenditure to a total of €560m (excluding €39m contingency) amid
inflationary macro environment

• Identified near term initial Refinery capacity expansion opportunity subject to further technical and
commercial work underway

Vittangi Anode Project FEED study delivers strong results (PDF 96.3 KB)

 

[basilio]

I submitted some questions to Mark:

1. It would be amazing if Mark could address Bell Potter's latest broker research report and comment on what parts of the analysis he agrees with and where he thinks Bell Potter's assumptions are too positive or too defensive.
2. Do you expect to be able to generate significant revenues with Talnode-SI, even if you cannot use your own graphite for this, or are the two interlinked? If the former, why are you apparently not pushing ahead with it, but waiting for approval of the graphite mine?
3. 1.5 years ago you signed letters of intent with ACC and Verkor, so you should be in agreement regarding an arrangement for a future offtake agreement. Why is it not possible to produce the maximum output of anode material in your EVA facility and sell it to ACC, Verkor or other interested parties and thus cover at least a large part of the running costs?
4. If the Supreme Court makes a positive decision and the permit for the mine is granted, can we finally get started, or do we have to wait until the municipality also adopts its local plan? Do you assume that there will be additional resistance from the population (Samis; concerned citizens; people who want to benefit financally)?
5. How many months will it take to reach first production and full production? Is 2026 still realistic for both if we get the go by August 2024, or will all the delays lead to a later start? What are your further expansion plans (timing, scale)?

Talga UPDATES thread

Completion of Vittangi Anode Project FEED Study delivers strong results https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2024/04/15091050/20240415FeedCompleted_ASX.pdf Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to...

thestockexchange.com.au

 

[basilio]

What will happen when..

 

[basilio]

Talga Webinar last week. Obviously still a waiting game.

I came across a summary of the main points on another site.



-------------------
"LONG POST AHEAD.

So I watched the recording, and made the following summary. I like to do these as I feel it might not only help other shareholders, but also helps remind me of why I'm holding this stock which is currently my only negative position, and also the one I have sunk a significant amount of cash into, relative to my means.

Anything in "quotes" is straight from MT's mouth, or straight from the slides, the rest is paraphrased. Hopefully folk find it useful, a lot has already been mentioned on other threads, apologies for repeating what has been covered elsewhere.

- Point was made that global EV sales 2023 vs. 2022 were up 32%. The world continues down the road of electrification. It’s not all passenger cars, its trucks, busses, ferries etc, plus the stationary storage market. It’s a continued shift. Retail numbers may go up and down, but there’s a general uptrend in electrification, globally.

-MT reiterated that given recent events in the Suez, the Red Sea, increasing shipping costs, and geopolitical risks, the fact that TLG has direct road and rail access to Europe is a huge advantage.

-The refinery design has been altered to; reduce energy consumption by a quarter, reduce the footprint of the building (enabling greater room for future expansion), and the equipment design has been also been modified, to, quote “specifically [be] configured for various customers that were working with on the offtakes”.

-MT reiterated that a LOI had been signed with the Lulea Municipality for an option to expand the size of the refinery site. The desire to have the option to expand the site was “Driven by customer project demand”.

-Regarding financing, an application for 70 million EU grant has been applied for, as well as other types of state aid. TLG is “..in discussion with potential equity partners including automotive OEMs”. Interesting.

-MT spent a lot of time spruiking the recycling flow process that TLG’s tech is capable of achieving. Bit beyond me, but he’s clearly excited, and did stress it’s an extra revenue stream in the making.

-Graphene additives. New product a few years in the making was announced recently. Made in collaboration with “..our customer, who is a global leading player in what it makes, these rubber products.. very very large volume products. Not only that, the rubber market itself very large, everything from belts, to car tyres, to seals and gaskets and hoses. Large volume applications.” TLG’s graphene rubber additive can add strength, conductivity, flexibility or longevity, depending on the need. Small sales at the moment, but shows potential. Again, very interesting IMO.

-Aero lithium project. 'Partnership discussions progressing’. I think the language here has changed from ‘discussions ongoing’, would have to double check that.

-MT reiterated that the TLG mine appeals case has not been reviewed by the SC yet. Backlog blamed. TLG is requesting a ‘push up’ in the queue. TLG doing everything that can be done whilst being respectful of the fact that this is not a government department- it’s the highest court in Sweden. “We’re all frustrated, you can’t … you know… it’s hard for people to believe the process works this way. However, it is a process, it’s not due to a conflict of our project” .. “It’s excruciating for you, our shareholders, it’s excruciating for us .. but we just have to handle it in the most professional way we can.” MT seemed again, very confident the decision would be in TLG's favour.

-The planning injunction against the mine lodged by the local municipality seemed to have just annoyed MT. He was straightforward about going to the national government to circumvent the local govt who “..for personal or political reasons have tried delaying things and squeezing things”. MT seemed very comfortable with going to the national government to move forward, he did not seem worried in the slightest.

-Talnode Si. (50% silicone 50% graphite/graphene) sold as additive. Boosts energy density by 5x. Market for these additives large and growing. TLG has developed a commercially competitive product (competing with China).

-Expansion plans. The plans TLG had for the resource in northern Sweden of 19,000tn/year of anode (Stage 1) was the beginning. The Stage 2 plans in place to increase to 100,000tn/year (that were initially considered “wildly too big”) are now looking too small. MT asks would 500,000tn be enough? The market is growing into the millions of tonnes of anode required… It’s lucky that TLG’s resource is “..open at depth and along strike”. MT says they are now considering ‘Stage 3’, where they define the (giant) resource more accurately, and “..explore the potential of that more from the ground up, rather than from the market down”. The market will soon be requiring more than 3,000,000 tonnes for anode alone, aside from other graphite uses.

- Regarding continued growth (“We will grow for ten years”), MT stressed the desire to get cash back to shareholders, and definitely seek strategic partners for the kind of long-term, large scale expansion mentioned above, and not take the funds out of early cashflow. I have to say, this was nice to hear the MD be explicit about this.

- Question about TLG would protect itself from a takeover? MT stated that there are some built-in defence mechanisms and processes in place within the company around how to handle various takeover scenarios. Also, the share register has some ‘buffers’ there, MT himself and a number of other ‘friendly parties’; Mark Creasy (Yandal), Anthony Holman, Graham Morton, as well as institutional investors such as Pentwater Capital. These people/groups didn’t get into TLG business for what it looks like now, they got into it for what it will become.

-TLG is “of course” applying for Strategic Project status for the CRMA.

-US market listing? “Probably in time”. No urgency. When/if it makes commercial sense. Doesn’t add anything right now.

- The graphite car in the background is based on a Tesla. Nothing significant, other than to show off the quality of the graphite TLG has. He held up a number of other samples of graphite flake from China, Africa, and Ukraine. All looked like various shades of green/grey/brown rocks, TLG’s looked pure black.With the above reality check regarding the Tesla in mind, I did notice the Ferrari book positioned prominently on the shelf behind MT. Ohhh how sweet would that be...

GLA."

https://thestockexchange.com.au/threads/media.19849/page-49

 

[basilio]

Talga announced they were looking a upgrading their Graphite reserves. Interesting observation was that there was a big increase in customer demand.

A big buyer entered the market today pushing the SP up.

Talga defines larger graphite target in Sweden

Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX: TLG) is pleased to provide an update on its Vittangi Graphite Project (“Vittangi”), the raw material source forthe Company’s battery anode production plans in Sweden. Summary developments include:

• Growth plan launched to define larger and longer term production potential of Vittangi, amid rising demand for Li-ion battery anode material

• Study boosts JORC Exploration Target at Vittangi to 240-350 million tonnes at 20–30% graphite* (excluding the current Mineral Resource of 35.0 million tonnes at 23.8% graphite)

* Note that the potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource

• Underscores larger potential for Vittangi to meet global Li-ion battery anode demand

• New scoping study being finalised this quarter, focussing on potential for expanded mining of existing Mineral Resources In parallel to execution of the Vittangi Anode Project and in direct response to commercial discussions, Talga is revising its growth strategy in Sweden to meet customer demand for global Li-ion battery anode supply.

Talga defines larger graphite target in Sweden (PDF 2,230.4 KB)

 

[basilio]

Big movement on TLG today. Up 17% on strong turnover.

Could be a case of follow the leader or there might be some imminent news regarding the Vittangi Anode project.

The release yesterday regarding the expansion of Graphite reserves highlighted a very strong commercial interest in Talgas potential Anode project. A lot of ducks could start flying if/when the starting flag is dropped.