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TLG - Talga Group

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Significant announcement this morning. This could have been the driver to the most recent SP jump. I'm sure these discussions have taken time to reach fruition.

LKAB, Mitsui and Talga confirm intent to jointly develop Swedish battery anode production


•Swedish state-owned mining and minerals group LKAB has joined Mitsui in executing a tripartite non-binding Letter of Intent with Talga

•The LOI outlines the intent to jointly develop Talga’s Vittangi anode project in northern Sweden following detailed feasibility study due Q1 2021 and due diligence •

Agreement offers significant opportunities for synergies across Swedish operations and infrastructure, regional investment and global sales/distribution Battery anode company Talga Resources Ltd (“Talga” or “the Company”)

(ASX:TLG) is pleased to advise it has entered into a non-binding tripartite Letter of Intent (“LOI”) with international high-tech mining and minerals group Luossavaara-Kiirunavaraa Aktiebolag (“LKAB”) and Mitsui & Co. Europe Plc (“Mitsui”), a subsidiary of global trading and investment company Mitsui & Co., Ltd. Talga is establishing a European supply of sustainable, low-CO2 emission anode materials for lithium-ion batteries, including construction of a scalable coated anode production facility and integrated graphite mining operations in northern Sweden (“Vittangi Anode Project”). LKAB, Mitsui and Talga have executed the LOI with the intent of jointly developing the Vittangi Anode Project, subject to Talga’s detailed feasibility study (expected March 2021) and related due diligence.

The project is located close to LKAB’s existing mining operations in Northern Sweden and a range of potential synergies have been identified, including local resources, skills and infrastructure. In addition there may be commercial synergies across sales and distribution, alongside Mitsui, and in LKAB sustainability innovations in recycling and by-product processing. Under the LOI the parties have the non-exclusive right to negotiate and enter binding co-development agreements with Talga by 30 June 2021, or as mutually agreed. Should further agreements be entered into, Talga will release details in accordance with its disclosure obligations at that time.
 

I am just listening to the TLG webinar ... I'd reckon the content from 20' to 26' would be far more a focus of forward looking market expectations.

Vbrick Rev™

webcast.csiro.au
 
Another sharp SP increase and new high. Currently $1.39.

Lots of confidence and clearly new buy in from old and perhaps new investors.
 
Another day another steep jump in SP.
I was absolutely certain this would happen - because I didn't chose it for the monthly share comp. Always the case.
I have picked TLG a number of times in the past. Just pleased that on the big picture there is certainly some strong confidence in the stock

Currently up 15% to 1.55..
 
Saw this report/promotion of Talga from March this year. Summarises the main points of TLG value.
A little out of date. Talga is going straight to a commercial anode production operation in 2021 and skipping the pilot plant

Here’s 8 reasons to get excited about Talga in 2020 - Stockhead

Talga (ASX:TLG) plans to be the first and largest battery anode producer in Europe, an emerging electric vehicle powerhouse.
stockhead.com.au
 
No ones taking any breaths on Talga. Another steep rise today. Up 25c . Has jumped from $1.13 to $1.79 since last Thursday

Clearly a significant rerating in the investment community.

 
I would like to think most of the following Potential near to medium term catalysts are baked in, judging by recent price action.

Release of Niska (expansion) scoping study
Mine and refinery Approvals
Funding for full-scale development
Off-take and commercial partnerships with key customers
JVs for project development and Talnode commercialisation
Release of Nunasvaara South DFS
Construction of EVA plant and production scale-up
Talnode-C and Talnode-Si UK feasibility studies

after hitting $2 just before the AGM (held yesterday) (... what were they expecting?), there was a bit of profit taking, but renewed interest today
Five day chart, 15 min intervals:
 
Still climbing steeply. $2 point has been taken out now and currently at $2.09. I think day traders must be into it as well. Management are also receiving performance rights.

Have to say the jump from $1 to $2 in barely three weeks is eyecatching and rewarding. This is a 10 year stock that has rarely even approached the $1 mark.

 
TLG have been following fo 6+ years. It is looking real good and a profit machine. I used to hold over 450k shares....wish I still did! Thank you for the chart.
 
Talga has appointed leading global financial services firm Morgan Stanley as the Company’s Financial & Transaction Advisor.

..... Given the globally strategic position of Talga in the lithium-ion battery supply chain and various financing opportunities, the Talga Board of Directors have appointed Morgan Stanley as the Company’s Advisor. Morgan Stanley has strong commercial relationships with existing and potential Talga battery anode customers and joint venture/development partners, and has acted in various M&A, corporate advisory and capital market roles for a range of major EV industry participants.

As the Company’s Advisor, it is intended that Morgan Stanley will, amongst other things, assist Talga in identifying and evaluating potential outcomes which may emerge from ongoing project development partnership, customer and financing discussions with European and international parties....

( better be worth it )
 
On November 23rd, 2020, Talga Resources Ltd changed its name to Talga Group Ltd.
 
Announcement of MOU between Talga and ABB. Certainly moves the project along.

TLG is pleased to advise it has signed a Memorandum of Understanding with global technology leader ABB to support the development and construction of Talga’s Vittangi Anode Project in northern Sweden.

Talga is constructing a scalable battery anode production facility and integrated graphite mining operation in northern Sweden, using 100% renewable electricity to supply ultra-low emission coated anode for greener lithium-ion batteries. The anode refinery is expected to commence production in 2023. Under the MoU, ABB will utilise its industrial automation and electrification expertise to develop and co-ordinate an extensive suite of production control and process solutions for Talga’s vertically integrated lithium-ion battery anode operations. In addition, ABB will work together with Talga and its partners to provide engineering support for the Vittangi Anode Project Definitive Feasibility Study, due for completion March 2021, with the intent to execute binding agreements for construction and operations in future.

SP up 16c .
 
Another tip notch player. The European industrial base will get behind the ambitious EV targets, if only for FOMO.
 
• Talga is undertaking a fully underwritten placement within its existing Listing Rule 7.1 placement capacity to raise A$25 million
• Proceeds will be used to fund the Electric Vehicle Anode pilot plant as part of the development of the Vittangi Anode Project located in northern Sweden
• Placement issue price of A$1.450 per share, representing a discount of 17.8% to the last closing price of A$1.765 per share as at 14 December 2020 and a 17.3% to the 1-month volume weighted average price of A$1.754
• Talga is also undertaking a non-underwritten Share Purchase Plan for all eligible shareholders to raise up to A$10 million.


....
and after the pilot plant
Strategic Partnering to Unlock Talga’s Potential and De-risk Development
• Formal process to find a minority partner for the development of its integrated supply of graphite anodes
• Strong interest demonstrated by battery material suppliers, EV cell manufacturers and auto OEMs
 
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