Australian (ASX) Stock Market Forum

TLG - Talga Group

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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...
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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)
 

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