Dona Ferentes
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TLG - Talga Group
- Thread starter Joe Blow
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Updated Bell Potters analysis on Talga. Still waiting for liftoff. This post was copied from TheStockExchange
With thanks to Hvacgeek on HC.
A link to Bell Potter's May Report.
https://www.belldirect.com.au/smarter/wp-content/uploads/2024/05/TLG.pdf
Nothing new from their April version apart from reference to the larger exploration target.
Just a reminder of the juicy margins with their OPEX.... based on sales price of course, but plenty of profit potential from Stage 1.
'We have assumed total capital cost of US$640m (TLG DFS
US$484m) and operating costs of US$2,647/t Talnode-C, with a LOM sales
price for Talnode-C of US$12,295.'
Also a sales price shown for Talphene-Si
'....and Talphene-Si US$15,000/t.'
With thanks to Hvacgeek on HC.
A link to Bell Potter's May Report.
https://www.belldirect.com.au/smarter/wp-content/uploads/2024/05/TLG.pdf
Nothing new from their April version apart from reference to the larger exploration target.
Just a reminder of the juicy margins with their OPEX.... based on sales price of course, but plenty of profit potential from Stage 1.
'We have assumed total capital cost of US$640m (TLG DFS
US$484m) and operating costs of US$2,647/t Talnode-C, with a LOM sales
price for Talnode-C of US$12,295.'
Also a sales price shown for Talphene-Si
'....and Talphene-Si US$15,000/t.'
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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bas dropped this elsewhere. ... not entirely sure what it means, but it's Talga so should be in TLG thread.
(bas) wrote this after seeing the following post elsewhere
...............................................................................................................................................
It starts with the causa detailed plan! I think this is the case because this ministry is exactly the one to which the case was referred after Talga approached the government to bypass the Kiruna City Parliament, which had refused to co-operate for over two years. The date also fits. I think that reads very clearly.
I would like to point out that the YTTRANDE at the top does not mean ‘OPINION’, rather statement or ~position.
I wanted to emphasise most of it in bold, because it reads so rationally and correctly. They have absolutely understood what it's all about, which the antis in their bubble simply ignore. And it's easier to copy over to HC.
Statement on the request for a planning injunction regarding Stenbrottet 2:1, Nunasvaara, Kiruna municipality
The Geological Survey of Sweden (SGU) received the above-mentioned case for comments on 21 March 2024. SGU submits the following opinion.
SGU considers that the designated national interest claim for valuable substances or materials under Chap. 3, Section 7 of the Environmental Code is relevant and valid. 7 of the Environmental Code is current and valid. The purpose of national interests is to identify deposits that have specific properties and are important for the needs of society, so the national interest status constitutes a claim for extraction.
The deposit is very important for Sweden's and the EU's supply of natural graphite, for example for anode material for batteries. Nunasvaara is Europe's largest and richest graphite deposit. There is currently no production of graphite in the EU. Graphite is also on the EU's list of critical and strategic raw materials.
The Critical Raw Materials Act (CRMA), which will enter into force on 23 May 2024 (yesterday), will accelerate the extraction of critical raw materials in the EU and strengthen the responsibility of Member States to reduce vulnerability and increase security of supply.
The Government may order a municipality to adopt, amend or revoke a detailed development plan within a certain period of time if this is necessary to ensure that a national interest under Chapters 3 or 4 of the Environmental Code is met (Chapter 11, Section 15 of the Planning and Building Act (2010:900)). According to SGU, a detailed development plan is needed for the area that makes it possible to meet the national interest claim.
The decision in this case was taken by Director-General A. W., Acting Head of Department E. I., Chief of Staff G. R., lawyer N. W. and geologist L. L. also participated in the final processing of the case. The investigator P. Å. has been the rapporteur in the case.
A. W.
https://thestockexchange.com.au/threads/permits.4987/page-26
(bas) wrote this after seeing the following post elsewhere
...............................................................................................................................................
It starts with the causa detailed plan! I think this is the case because this ministry is exactly the one to which the case was referred after Talga approached the government to bypass the Kiruna City Parliament, which had refused to co-operate for over two years. The date also fits. I think that reads very clearly.
I would like to point out that the YTTRANDE at the top does not mean ‘OPINION’, rather statement or ~position.
I wanted to emphasise most of it in bold, because it reads so rationally and correctly. They have absolutely understood what it's all about, which the antis in their bubble simply ignore. And it's easier to copy over to HC.
Statement on the request for a planning injunction regarding Stenbrottet 2:1, Nunasvaara, Kiruna municipality
The Geological Survey of Sweden (SGU) received the above-mentioned case for comments on 21 March 2024. SGU submits the following opinion.
SGU considers that the designated national interest claim for valuable substances or materials under Chap. 3, Section 7 of the Environmental Code is relevant and valid. 7 of the Environmental Code is current and valid. The purpose of national interests is to identify deposits that have specific properties and are important for the needs of society, so the national interest status constitutes a claim for extraction.
The deposit is very important for Sweden's and the EU's supply of natural graphite, for example for anode material for batteries. Nunasvaara is Europe's largest and richest graphite deposit. There is currently no production of graphite in the EU. Graphite is also on the EU's list of critical and strategic raw materials.
The Critical Raw Materials Act (CRMA), which will enter into force on 23 May 2024 (yesterday), will accelerate the extraction of critical raw materials in the EU and strengthen the responsibility of Member States to reduce vulnerability and increase security of supply.
The Government may order a municipality to adopt, amend or revoke a detailed development plan within a certain period of time if this is necessary to ensure that a national interest under Chapters 3 or 4 of the Environmental Code is met (Chapter 11, Section 15 of the Planning and Building Act (2010:900)). According to SGU, a detailed development plan is needed for the area that makes it possible to meet the national interest claim.
The decision in this case was taken by Director-General A. W., Acting Head of Department E. I., Chief of Staff G. R., lawyer N. W. and geologist L. L. also participated in the final processing of the case. The investigator P. Å. has been the rapporteur in the case.
A. W.
https://thestockexchange.com.au/threads/permits.4987/page-26
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Thanks Dona. I was intending to copy it across to the Talga thread. I put it in the selection for next months tips in the monthly comp.
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A couple of big sellers today have dropped the SP. Now sitting at 60.5 after falling to 57c.
Talga announced a scoping study that looks to massively expand the current 19.5k tons of anode production. Quite a detailed study and theoretically a very encouraging sign. The study also notes that the funding has to be found for this development. And of course they have yet to even get the final approval to begin. There are a number of elements in the study which highlight their willingness to meet furtehr environmental requirements.
Vittangi Anode Project Expansion: Interim Scoping Study paves way to scale
Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to report on a completed mining study into expansion options for the Company’s Vittangi Graphite Project in Sweden (“Interim Report”).
The mining study forms part of a wider integrated Scoping Study aimed at expanding Talga’s existing initial 19,500 tonnes anode per annum (“tpa”) production of low-emission graphite anode products for lithium-ion battery markets.
The scoping of expansion options arises from the growing demand profiles of the Company’s battery and EV customers, and the strong global market outlook for new and secure sources of lithium-ion battery materials. Highlights of the Interim Report include:
• Optimised underground mining method developed with circularity design principles to minimise project footprint and lower environmental and social impacts
• Mine plans supporting 0.6Mtpa, 1.0Mtpa and 2.0Mtpa Run of Mine (“RoM”) ore production from existing Indicated and Inferred* JORC resources of 35.0Mt at 23.8%Cg
* There is a low level of geological confidence associated with Inferred mineral resources and
there is no certainty that further exploration work will result in the determination of Indicated
mineral resources or that the production target itself will be realised.
• Anode precursor concentrate output up to ~425,000tpa at a mining rate of 2Mtpa
• Transition to underground mining and optimised development plan negates need for multiple open pits, with potential to increase life of mine beyond 40 years at lower 0.6Mtpa mining rate
• Development leverages the region’s large-scale underground mining fleets, technologies, ancillary
industries and skilled workforce
• Transport, water and power studies show technical viability. Preferred options to be determined by
further downstream processing, permitting and social licence considerations
Talga announced a scoping study that looks to massively expand the current 19.5k tons of anode production. Quite a detailed study and theoretically a very encouraging sign. The study also notes that the funding has to be found for this development. And of course they have yet to even get the final approval to begin. There are a number of elements in the study which highlight their willingness to meet furtehr environmental requirements.
Vittangi Anode Project Expansion: Interim Scoping Study paves way to scale
Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to report on a completed mining study into expansion options for the Company’s Vittangi Graphite Project in Sweden (“Interim Report”).
The mining study forms part of a wider integrated Scoping Study aimed at expanding Talga’s existing initial 19,500 tonnes anode per annum (“tpa”) production of low-emission graphite anode products for lithium-ion battery markets.
The scoping of expansion options arises from the growing demand profiles of the Company’s battery and EV customers, and the strong global market outlook for new and secure sources of lithium-ion battery materials. Highlights of the Interim Report include:
• Optimised underground mining method developed with circularity design principles to minimise project footprint and lower environmental and social impacts
• Mine plans supporting 0.6Mtpa, 1.0Mtpa and 2.0Mtpa Run of Mine (“RoM”) ore production from existing Indicated and Inferred* JORC resources of 35.0Mt at 23.8%Cg
* There is a low level of geological confidence associated with Inferred mineral resources and
there is no certainty that further exploration work will result in the determination of Indicated
mineral resources or that the production target itself will be realised.
• Anode precursor concentrate output up to ~425,000tpa at a mining rate of 2Mtpa
• Transition to underground mining and optimised development plan negates need for multiple open pits, with potential to increase life of mine beyond 40 years at lower 0.6Mtpa mining rate
• Development leverages the region’s large-scale underground mining fleets, technologies, ancillary
industries and skilled workforce
• Transport, water and power studies show technical viability. Preferred options to be determined by
further downstream processing, permitting and social licence considerations
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Dona Ferentes
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yep
no easy pathway
galumay
learner
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Yep, especially for a cash burner like this, debt not an option because no earnings, SH's probably gun shy about more CR's, external partners unlikely.
Also,
would hardly inspire potential investors!
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Mark Thompson is not going to die wondering. Talga just released their latest EV Anode and Graphite presentation.
It basically highlights all the compelling reasons/forces behind Talgas project being quite critical to Europe and the Wests decisive movement into EV battery production. They are high quality, high environment value and most importantly not Chinese.
As far as I can see Mark wants to roll the dice on a 490,000 ton a year anode project ASAP. The current plans are for a 19,500 ton PA project and the initial expansion was to 100,000 Tons PA. Forget those - he is shooting for the the stars.
So to achieve that he needs
1) Permission and support to kick the development off
2) Massive off take agreements to underwrite sales
3) Equally massive injections of capital to fund the enlarged projects.
In for a penny in for a pound.
Talga Presentation-Euroz Hartleys EV Anode & Graphite Forum (PDF 6,313.8 KB)
It basically highlights all the compelling reasons/forces behind Talgas project being quite critical to Europe and the Wests decisive movement into EV battery production. They are high quality, high environment value and most importantly not Chinese.
As far as I can see Mark wants to roll the dice on a 490,000 ton a year anode project ASAP. The current plans are for a 19,500 ton PA project and the initial expansion was to 100,000 Tons PA. Forget those - he is shooting for the the stars.
So to achieve that he needs
1) Permission and support to kick the development off
2) Massive off take agreements to underwrite sales
3) Equally massive injections of capital to fund the enlarged projects.
In for a penny in for a pound.
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Talga has announced a joint development agreement with SQM over their Lithium project.
Market has jumped on the news. At least it is some news and good news at that.
SQM to join Talga in Swedish lithium project
• Earn-in Agreement signed with SQM, world-leading lithium miner and producer, over Talga’s 100% owned Aero Lithium Project located ~30km east of Gällivare in northern Sweden
• SQM can earn up to 70% interest in Aero JV in stages for total US$19.0m expenditure
• Talga to manage project during earn-in period and retain 100% graphite rights Battery materials and technology company
Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce that it has entered into an Earn-in Agreement (“Agreement”) with worldleading lithium miner and producer Sociedad Química y Minera de Chile S.A. (via its subsidiary SQMAustralia Pty Ltd) (“SQM”) (NYSE:SQM; SSE:SQM-B, SQM-A), over Talga’s Aero Lithium Project (“Aero”) in Sweden.
Under the binding Agreement, Talga has granted SQM the right to sole fund exploration expenditure of up to US$19.0m over the next 7 years on Aero for up to a 70% ownership interest in the project. Talga also will be paid a management fee for each stage of the potential earn-in arrangement, and a success fee if a decision to mine on Aero is made. Talga retains all rights and obligations in relation to graphite minerals within Aero.
SQM has completed extensive due diligence on Aero including site visits, and under the Agreement the parties may agree to collaborate on potential new lithium areas and projects in Sweden. The Agreement is subject to Swedish foreign direct investment clearance. Key terms of the Agreement are set out in Schedule 1 to this announcement.
Market has jumped on the news. At least it is some news and good news at that.
SQM to join Talga in Swedish lithium project
• Earn-in Agreement signed with SQM, world-leading lithium miner and producer, over Talga’s 100% owned Aero Lithium Project located ~30km east of Gällivare in northern Sweden
• SQM can earn up to 70% interest in Aero JV in stages for total US$19.0m expenditure
• Talga to manage project during earn-in period and retain 100% graphite rights Battery materials and technology company
Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce that it has entered into an Earn-in Agreement (“Agreement”) with worldleading lithium miner and producer Sociedad Química y Minera de Chile S.A. (via its subsidiary SQMAustralia Pty Ltd) (“SQM”) (NYSE:SQM; SSE:SQM-B, SQM-A), over Talga’s Aero Lithium Project (“Aero”) in Sweden.
Under the binding Agreement, Talga has granted SQM the right to sole fund exploration expenditure of up to US$19.0m over the next 7 years on Aero for up to a 70% ownership interest in the project. Talga also will be paid a management fee for each stage of the potential earn-in arrangement, and a success fee if a decision to mine on Aero is made. Talga retains all rights and obligations in relation to graphite minerals within Aero.
SQM has completed extensive due diligence on Aero including site visits, and under the Agreement the parties may agree to collaborate on potential new lithium areas and projects in Sweden. The Agreement is subject to Swedish foreign direct investment clearance. Key terms of the Agreement are set out in Schedule 1 to this announcement.
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It will be interesting see what impact the the Lithium development has on the cash flow for Talga and the underlying value of the assets. The fact that this can be developed now while waiting is a big step in the right direction.
If this can be demonstrated then perhaps the current jump in SP might be sustained.
If this can be demonstrated then perhaps the current jump in SP might be sustained.
Dona Ferentes
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$19M for exploration over 7 years... no development happening here.
But it means TLG can keep the leases, get something looked at, hang on to prospective graphite, without spending a Krona.
But it means TLG can keep the leases, get something looked at, hang on to prospective graphite, without spending a Krona.
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But more importantly, the execs at the top will have a nice little earner for the next 7 years.
Mick
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They get management fees as well. Could be a nice little earner.
Also the value of the assets could increase as exploration uncovers more value. If there is development they will have a share as well.
It didn't fall back at the end of trading today. May keep the additional value.
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A new Chairman of the (Swedish) Board Announcement . Certainly shows they want to keep playing and are bringing all the local political support they can on Board.
SP improved in response.
Talga appoints Eva Nordmark as Chair of Swedish Board
Battery materials company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce the appointment of Eva Nordmark as Chair of the Talga AB Board of Directors in Sweden, effective 1 July 2024. This appointment coincides with the progress of Talga Group’s Vittangi Anode Project, as it transitions from advanced pre-production to the next stages of execution and operation.
Ms Nordmark, who joined the Talga AB board in December 2023, has previously served as the Swedish Minister of Employment and Gender Equality. Before assuming her role as a Minister in two consecutive cabinets, Ms Nordmark held the position of President of the Swedish Confederation of Professional Employees (TCO) and also served as a member of the Swedish Parliament.
SP improved in response.
Talga appoints Eva Nordmark as Chair of Swedish Board
Battery materials company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce the appointment of Eva Nordmark as Chair of the Talga AB Board of Directors in Sweden, effective 1 July 2024. This appointment coincides with the progress of Talga Group’s Vittangi Anode Project, as it transitions from advanced pre-production to the next stages of execution and operation.
Ms Nordmark, who joined the Talga AB board in December 2023, has previously served as the Swedish Minister of Employment and Gender Equality. Before assuming her role as a Minister in two consecutive cabinets, Ms Nordmark held the position of President of the Swedish Confederation of Professional Employees (TCO) and also served as a member of the Swedish Parliament.
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Intriguing jump in Talga SP at close today.
SP was 61.5c at 3.59. Significant demand in closing adjustments saw the price jump to 64c. Perhaps some investors are reading the appointment of Eva Nordmark as Swedish Chair as a significant signal ?
SP was 61.5c at 3.59. Significant demand in closing adjustments saw the price jump to 64c. Perhaps some investors are reading the appointment of Eva Nordmark as Swedish Chair as a significant signal ?
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"Events with critical raw materials in focus at North Sweden
On June 13, North Sweden, through the Northern Sparsely Populated Areas (NSPA) network, organized an event focusing on batteries and sustainable energy sources for the future. The event consisted of panels and discussions between leaders from the political, public and private sectors representing local, regional and national interests. From northern Sweden, David Lidström, Head of Unit, Skellefteå Municipality, Tobias Vahlne, Operations Manager at Arctic Center of Energy (ACE), Luleå University of Technology, and Emma Själin, Public Affairs Manager, Talga Resources, participated.
Against the backdrop of the Green Deal, an initiative of the European Commission, climate neutrality is a major focus for the whole of the EU , which will be made possible through a number of different steps and projects, where the Net Zero Industries Act plays a significant role. In the net-zero industry , batteries are a cornerstone, which is why the event was organized by Northern Sparsely Populated Areas (NSPA). North Sweden's Director Mikael Janson moderated the event together with Nils Kristian Sørheim Nilsen, Director of North Norway European Office.
The event was organized in conjunction with the European Sustainable Energy Week (EUSEW) and aimed to promote dialogue on how various challenges in relation to Norway's, Sweden's and Finland's leading role in battery production can be overcome through cooperation between regions and sectors. Topics discussed included the EU's support strategy and regional contributions from the EU Green Deal, the future of sustainable industrial practices in the Arctic, as well as security of supply and competition from the US and China.
Strengthened cooperation and increased demand for critical raw materials
Jouni Ponnikas, Regional Development Director and Chair of NSPA, from the Finnish region of Kainuu, opened the event with an opening speech. Ponnikas noted that the Arctic region has recently received increasing attention in international politics and economics. The geopolitical landscape has changed and the demand for critical raw materials is increasing, which poses both challenges and opportunities for the NSPA region. Ponnikas therefore sees a need for NSPA to update its goals with the collaboration, its mission and its operational methods. Collaboration is also key to leading the development of the battery industry in the region. According to Ponnikas, NSPA now has a chance to become an even more central forum for strengthening cooperation between different stakeholders.
From the European Commission, Daniel Cios, Policy Officer at the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) participated. Cios notes, just like Jouni Ponnikas, that the demand for critical raw materials will increase in the future. Currently, Europe is dependent on third countries to meet the need for many critical raw materials needed for strategic technology, creating a strategic dependency and a risk of supply chain disruptions. According to Cios, the European Commission is striving for increased extraction capacity in the EU and that there is great potential in the Nordic countries to supply these raw materials. Cios also notes that the long permit processes for mining are currently the biggest problem.
Several representatives from Northern Sweden on site
From Sweden, David Lidström, Head of Unit, Skellefteå Municipality, Tobias Vahlne, Operations Manager at Arctic Center of Energy (ACE), Luleå University of Technology (LTU) and Emma Själin, Public Affairs Manager, Talga Resources participated. David Lidström discussed the employment effects of industry and the shortage of labour. It is not just about attracting people from Sweden, the EU and third countries, but also how to get them to stay.
In relation to employment, Tobias Vahlne discussed skills and education. Vahlne emphasizes the need to adapt education and to rethink how we educate people, as the need for academic education is decreasing in northern Sweden, while the need for vocational education is increasing. The Arctic Center of Energy (ACE) has therefore introduced the Battery Process School, which is a medium-sized training center on how to manufacture battery chains.
Emma Själin then presented Talga Resources . Talga uses natural graphite in its mining operations instead of synthetic graphite made in China from fossil fuels. The production of the synthetic graphite requires a lot of energy and is not particularly clean. Själin explains that it is difficult to compete with China, which has a great power in the industry, as 90% of the value chain is controlled by China, which increases the risks in the supply chain within the EU. However, Själin praises the European Commission for a good job with initiatives to support sekorn and its development within the EU.
We thank everyone involved for an interesting and rewarding event!"
Sweden, home of TLGs graphite mine(s)
This is a startup owned by none other than PEL. He comments on it in Nordnytt. Beserk Welcome back! How was/is your trip, what were/are your impressions, what did you experience up there? Is there anything to tell?
thestockexchange.com.au
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Talga still in free fall. No news yet about approvals and kicking off the Anode plant.
Having said that there is a 3Billion Euro battery fund kicking off to support European production of EV batteries and Cathode and Anode plants.
This article offers an insight into the process and naturally Talga is a critical player for proving anodes for batteries.
By Chris Heron, Julia Poliscanova and Kinga Timaru-Kast
Est. 5min
Jul 16, 2024
Content-Type:
Opinion
The Commission’s support to battery cell manufacturers should already reward local supply chains. Priority should be given to companies that demonstrate a commitment to sourcing from EU-based midstream and upstream suppliers.
Europe is still running behind in the global scramble to secure the green supply chains of the future. China’s decades’ long planning and investment, and the US’s more recent surge of support, risk leaving our continent in the dust.
Chris Heron is Communication and Public Affairs Director at Eurometaux; Julia Poliscanova is Senior Director at Transport & Environment; Kinga Timaru-Kast is Public Affairs and Communication Director at Recharge
The European Commission’s new Battery Fund is a critical first step to catch up by bridging the finance gap to scale up production of EU batteries, their components and the whole supply chain. It must be designed well from the start to really deliver the push that Europe’s investing companies need to compete.
Today’s €3 billion funding pot needs to be used wisely to bring an exponential effect on EU battery value chain investment.
Let’s also be clear that this mechanism must be the first step of many. It will need expanding substantially during the next legislature to secure final investment decisions across the battery value chain, and to really compete with the US Inflation Reduction Act and the overcapacities built up in China.
We’re calling for the European Commission to design a smart and future-proof mechanism that delivers on four keys for success: simplicity, speed, supply chain vision, and sustainability.
As the Commission is putting in place the detailed framework for the new fund, the fund’s speed in becoming operational and the simplicity of its design are the first two keys to success.
Europe will not win the battery race by overwhelming its companies with complex templates and questions that require input from whole teams of experts – as required for some of the grants under the Innovation Fund today.
Instead, the first call should come no later than late 2024. Support could be based on the actual output that will be produced in Europe, i.e. the volume of cells or battery materials.
The fund should partially cover the operational costs as well, such as energy and labour which in Europe are amongst the highest globally.
Our third key for success is a supply chain focus. We’re calling for the EU’s new battery fund to also address materials manufacturing as a major bottleneck to Europe’s resilience.
Today, Europe’s supply chain investment simply isn’t keeping pace with its battery needs, particularly for cathode and anode active materials, and battery material refining and recycling.
While potential exists, turning it into commercial projects won’t be easy. The EU Battery Fund could be one of the enablers. According to T&E’s forecast, by the end of this decade, the region could in fact fulfil all its processed lithium needs and secure between 8% and 27% of battery minerals from recycling in Europe.
The EU has the potential to manufacture 56% of its demand for cathodes by 2030, but only two plants have started commercial operations so far. No commercial operations have started in Europe for anodes.
But these promising ambitions need to be turned into final investment decisions.
Here the Commission’s initial support to battery cell manufacturers should already reward local supply chains. Priority should be given to companies that demonstrate a commitment to sourcing from EU-based midstream and upstream suppliers.
So, the new fund should also plan to directly support strategic EU cathode and anode manufacturing, refining, and recycling projects; at the same time as keeping a focus on cell manufacturing especially in initial funding rounds.
Our final key for success is sustainability.
Europe’s project choice should be guided by simple selection criteria, rewarding best-in-class projects with the lowest carbon footprint in their supply chain. This is Europe’s unique selling point, with our companies across the battery supply chain basing their business case on manufacturing with a much lower footprint than global competition.
Member States should ensure the right investments are made locally and that access to renewables is facilitated to build on this competitive advantage. Since batteries and their components are already regulated under the EU Battery Regulation, no additional sustainability criteria is necessary.
The new EU Battery Fund is not a holy grail solution, but its financial support is critical to build the green blocks of the EU energy transition. If designed simply, with the entire local supply chain in mind, and with a focus on sustainability, it can put Europe on the global battery map.
Sourced from https://thestockexchange.com.au/threads/tlg-discussion-2022.7072/page-85
Having said that there is a 3Billion Euro battery fund kicking off to support European production of EV batteries and Cathode and Anode plants.
This article offers an insight into the process and naturally Talga is a critical player for proving anodes for batteries.
How the new EU Battery Fund can put Europe on the battery map
DISCLAIMER: All opinions in this column reflect the views of the author(s), not of Euractiv Media network.By Chris Heron, Julia Poliscanova and Kinga Timaru-Kast
Est. 5min
Jul 16, 2024
Content-Type:
Opinion
The Commission’s support to battery cell manufacturers should already reward local supply chains. Priority should be given to companies that demonstrate a commitment to sourcing from EU-based midstream and upstream suppliers.
Europe is still running behind in the global scramble to secure the green supply chains of the future. China’s decades’ long planning and investment, and the US’s more recent surge of support, risk leaving our continent in the dust.
Chris Heron is Communication and Public Affairs Director at Eurometaux; Julia Poliscanova is Senior Director at Transport & Environment; Kinga Timaru-Kast is Public Affairs and Communication Director at Recharge
The European Commission’s new Battery Fund is a critical first step to catch up by bridging the finance gap to scale up production of EU batteries, their components and the whole supply chain. It must be designed well from the start to really deliver the push that Europe’s investing companies need to compete.
Today’s €3 billion funding pot needs to be used wisely to bring an exponential effect on EU battery value chain investment.
Let’s also be clear that this mechanism must be the first step of many. It will need expanding substantially during the next legislature to secure final investment decisions across the battery value chain, and to really compete with the US Inflation Reduction Act and the overcapacities built up in China.
We’re calling for the European Commission to design a smart and future-proof mechanism that delivers on four keys for success: simplicity, speed, supply chain vision, and sustainability.
As the Commission is putting in place the detailed framework for the new fund, the fund’s speed in becoming operational and the simplicity of its design are the first two keys to success.
Europe will not win the battery race by overwhelming its companies with complex templates and questions that require input from whole teams of experts – as required for some of the grants under the Innovation Fund today.
Instead, the first call should come no later than late 2024. Support could be based on the actual output that will be produced in Europe, i.e. the volume of cells or battery materials.
The fund should partially cover the operational costs as well, such as energy and labour which in Europe are amongst the highest globally.
Our third key for success is a supply chain focus. We’re calling for the EU’s new battery fund to also address materials manufacturing as a major bottleneck to Europe’s resilience.
Today, Europe’s supply chain investment simply isn’t keeping pace with its battery needs, particularly for cathode and anode active materials, and battery material refining and recycling.
While potential exists, turning it into commercial projects won’t be easy. The EU Battery Fund could be one of the enablers. According to T&E’s forecast, by the end of this decade, the region could in fact fulfil all its processed lithium needs and secure between 8% and 27% of battery minerals from recycling in Europe.
The EU has the potential to manufacture 56% of its demand for cathodes by 2030, but only two plants have started commercial operations so far. No commercial operations have started in Europe for anodes.
But these promising ambitions need to be turned into final investment decisions.
Here the Commission’s initial support to battery cell manufacturers should already reward local supply chains. Priority should be given to companies that demonstrate a commitment to sourcing from EU-based midstream and upstream suppliers.
So, the new fund should also plan to directly support strategic EU cathode and anode manufacturing, refining, and recycling projects; at the same time as keeping a focus on cell manufacturing especially in initial funding rounds.
Our final key for success is sustainability.
Europe’s project choice should be guided by simple selection criteria, rewarding best-in-class projects with the lowest carbon footprint in their supply chain. This is Europe’s unique selling point, with our companies across the battery supply chain basing their business case on manufacturing with a much lower footprint than global competition.
Member States should ensure the right investments are made locally and that access to renewables is facilitated to build on this competitive advantage. Since batteries and their components are already regulated under the EU Battery Regulation, no additional sustainability criteria is necessary.
The new EU Battery Fund is not a holy grail solution, but its financial support is critical to build the green blocks of the EU energy transition. If designed simply, with the entire local supply chain in mind, and with a focus on sustainability, it can put Europe on the global battery map.
Sourced from https://thestockexchange.com.au/threads/tlg-discussion-2022.7072/page-85
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Talga called a Trading Halt while it raises further capital. Perhaps they should have done this when the SP was closer to 70c ?
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$9.5m Capital Raising by Talga at 38c per share. Quarterly report highlights continuing research with no certainty on commencement of Vittangi project.
Successful A$9.5m institutional placement (PDF 101.0 KB)
Quarterly Activities Review For period ending 30 June 2024
Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is
pleased to report its activities for the quarter ending 30 June 2024.
Commercial and project development
• Vittangi Anode Project FEED study completed with strong results
• Expansion mining study paves way for global scale anode production
Mineral resource development
• SQM partners with Talga on Swedish lithium development
• Vittangi graphite exploration target updated with significant size boost
Product and technology development
• Talga secures ISO certification across current anode operations and R&D
• Intellectual property portfolio grows in parallel to commercial developments
• Talga product development update
Corporate and finance
• Operations visited by US Homeland Security and Swedish Civil Contingencies Agency
• Talga present at significant industry, government policy and institutional events
• Cash balance A$14.1 million as at 30 June 2024
Subsequent to the quarter
• Balance sheet bolstered by A$9.5 million institutional placement
• Talga appoints former Swedish minister Eva Nordmark to Chair of Swedish subsidiary board
Talga Managing Director, Mark Thompson, commented: "During the quarter, Talga made significant progress in preparing for the implementation of the Vittangi Anode Project, while also making advances in our battery material products and divestment of non-core assets. The subsequent capital raise activities will strengthen Talga's financial position as we carry out pre-execution activities for the Anode Project FID, advance the Aero lithium JV with SQM and further expansion studies for our significant graphite anode assets."
Quarterly Activities/Appendix 5B Cash Flow Report (PDF 11,497.8 KB)
Successful A$9.5m institutional placement (PDF 101.0 KB)
Quarterly Activities Review For period ending 30 June 2024
Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is
pleased to report its activities for the quarter ending 30 June 2024.
Commercial and project development
• Vittangi Anode Project FEED study completed with strong results
• Expansion mining study paves way for global scale anode production
Mineral resource development
• SQM partners with Talga on Swedish lithium development
• Vittangi graphite exploration target updated with significant size boost
Product and technology development
• Talga secures ISO certification across current anode operations and R&D
• Intellectual property portfolio grows in parallel to commercial developments
• Talga product development update
Corporate and finance
• Operations visited by US Homeland Security and Swedish Civil Contingencies Agency
• Talga present at significant industry, government policy and institutional events
• Cash balance A$14.1 million as at 30 June 2024
Subsequent to the quarter
• Balance sheet bolstered by A$9.5 million institutional placement
• Talga appoints former Swedish minister Eva Nordmark to Chair of Swedish subsidiary board
Talga Managing Director, Mark Thompson, commented: "During the quarter, Talga made significant progress in preparing for the implementation of the Vittangi Anode Project, while also making advances in our battery material products and divestment of non-core assets. The subsequent capital raise activities will strengthen Talga's financial position as we carry out pre-execution activities for the Anode Project FID, advance the Aero lithium JV with SQM and further expansion studies for our significant graphite anode assets."
Quarterly Activities/Appendix 5B Cash Flow Report (PDF 11,497.8 KB)
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Talga made a flurry of announcements on Friday. They are offering current shareholders an opportunity to add more shares to their portfolio at 38c ea. This mirrors the raising of $9million through institutional buyers previously. They are looking for $5m.
They are also offering loyalty options to current shareholders. This will be 1 option for every 8 shares currently held. Option is free and exercisable at 55c p/s for the next 12 months.
UBS has increased it's shareholding in Talga. There were some larger buyers today that pushed teh SP to 47.5c at close.
Talga Group Ltd Prospectus Offer (PDF 898.1 KB)
Prospectus Offer opens and Loyalty Options (PDF 85.6 KB)
Change in substantial holding (PDF 252.7 KB)
They are also offering loyalty options to current shareholders. This will be 1 option for every 8 shares currently held. Option is free and exercisable at 55c p/s for the next 12 months.
UBS has increased it's shareholding in Talga. There were some larger buyers today that pushed teh SP to 47.5c at close.
Talga Group Ltd Prospectus Offer (PDF 898.1 KB)
Prospectus Offer opens and Loyalty Options (PDF 85.6 KB)
Change in substantial holding (PDF 252.7 KB)
