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TLG - Talga Group

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Yes Mark Thompson is talking up his own book. However I think the facts are compelling.



 
What has happened to the Performance options for Talga management and staff ?


 
What will the New Year bring for Talga ? The Vittangi project has finally got approvals and all appeals have been exhausted.

The Talga board has already gained around 30% funding for the project via Government grants and soft loans. The Board is now looking for off take commitments from customers and it seems is looking for a strategic partnership that would ensure a long term place as a European provider of anodes for European EV battery production. As far as I can see it is the only major player in this field.

Nothing is guaranteed . But on balance one would expect that the company will be able to secure finance and customers. And then it will take around 2 years to complete the build.

On the share front I think there is a base at 42c. From what i have seen when the price drops below that level there are buyers who come into the market and push the price back up.

If/when there are announcements of offtake agreements /strategic partnerships the SP should almost certainly double. These announcements would represent a crystalisation of the business case. So in theory at 44c there is little down side and substantial upside for Talga in 2025

We'll see.
 
Why am I choosing Talga again for the 2025 comp?

At some stage, hopefully soon, Talga will announce off take arrangements and complete financing for their Anode project. Surely that should see a significant increase in SP.
 
Interesting close to trading on Friday for Talga. There was a 100,000 share purchase at 3.58 which cleaned up ato of shares and pushed the final price to 44c. Throughout the day there were another significant number of buys that supported or pushed the SP back up.

Talga will be pivotal In terms of supporting EU development of local battery production. There just isn't any other development within a bulls roar of their ore quality, supply capacity and proven technical skills to produce high quality battery anodes.

The decision by the US to effectively black list CATL as a battery supplier can only add to the need to made Talga work for the EU and broader regions.

CATL powers a third of the world's EVs and now it's facing a US blacklisting

The world’s largest EV battery maker was designated as a “Chinese Military Company” on Monday by the US Defense Department....
electrek.co
 
Mark Thompson posted on X boosting the following video. It seems like a way of highlighting how critical Talgas role would be in offering high quality graphite battery anodes for the battery industry.

Where are the take off agreements ? Is there a strategic partnership in the wings ? How determined are the EU and non Chinese countries in developing alternative battery supplies for their EV cars and other large scale battery production ? Certainly on a strictly economic basis China's battery industry is streaking away from the rest of the world.





 
There was a specific reason for the jump in SP on Friday.

Despite the approval of the Graphite Mine and project and substantial Government support for the proposed plant ($70m Eu) the local Council had been dragging its feet on establishing an overall mining plan for the region.

Yesterday the Swedish Government stepped in and instructed the Council to implement the Mining Plan they were currently sitting on.

ASX Release
ASX:TLG
24 January 2025
Government decision to adopt detailed plan for Nunasvaara South graphite mine
Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to advise that the Swedish Government has instructed Kiruna Municipality to adopt the detailed plan for its Nunasvaara South natural graphite mine in northern Sweden.

In 2024, Talga submitted a planning injunction to the Swedish Ministry of Agriculture and Infrastructure to effectively address delays in the process of adopting the detailed plan and Kiruna Municipality’s subsequent decision to suspend the planning work. The government’s decision instructs Kiruna Municipality to now adopt the detailed plan no later than 16 May 2025.

Talga Group CEO, Martin Phillips, commented: “In the government decision it is pleasing to see that Ebba Busch, Minister for Energy, Business and Industry, considers the graphite that Talga intends to produce is a key material in the manufacture of batteries. Additionally, we agree with the Minister for Infrastructure and Housing, Andreas Carlson, pointing out that the European battery industry is currently dependent on imports, while China intends to impose export restrictions that could jeopardise the entire battery value chain.
It was also pleasing to see the government has made this decision based on the fact that the area is of national interest for the extraction of valuable substances and materials. We look forward to continue working with Kiruna
Government decision to adopt detailed plan for graphite mine (PDF 120.2 KB)
 
More regarding the Swedish Gov decision to demand the Local Council implement the Mining Plan. See link below

There are a number of responses to the Swedish Government decision to make this project happen in the link I posted
...................................................................................................................................................
Kiruna municipal councilor Mats Taaveniku (S) believes that the municipality does not get anything for saying yes to a mine and would like to see some compensation from the mining company, for example in the form of housing.

The decision is special. It is the first time the government has used the Planning and Building Act in this way, according to Carlson. The municipality has until May 16 to comply, otherwise the County Administrative Board will be assigned the task, at the municipality's expense.

Last fall, when Talga received its environmental permit, the company said that it should be able to have an anode factory in Luleå, where the graphite will be shipped, up and running in 18–24 months once the detailed plan is approved.

Sweden, home of TLGs graphite mine(s)

No more progress before Christmas on this I guess.
thestockexchange.com.au
 
There are a few more stories at thestockexchange talga thread which explore the determination of the Swedish government to see Talga build its anode plant. The EU has decided it must source it's own battery technology rather than being beholden to China. Talga's high quality, clean energy graphite plant will produce anodes competitively and at far lower environmental cost.

To date the EU has already granted Talga 70m EURO for its plant. There are a range of other soft loans as well as,hopefully, offtake agreements and suggestion of a strategic partnership. As I see it the Swedish government and the EU are very focused on making this plant happen. The combination of quality graphite vertically integrated into the volume production of a range of competitive battery anodes is a compelling argument.

In that context there could well be further support for the build.
 
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