Talga resources reported anincrease in their Natural Graphite inventory to 55.3 million tonnes, with 5-15 Million tonnes of exploration targets identified for exploration / definition. Talga will use the proceeds to fund the Electric Vehicle Anode (EVA) pilot plant as part of the development of the Vittangi Anode Project located in northern Sweden. I believe Talga Group is targeting 300 kTonne anode production per annum by 2030. Our vertical integration, strategic location and innovative processes are key to getting there. Some further thoughts on the Non-binding offtake agreement announcement today: 1) The offtake agreement is with Automotive Cells Company (ACC), a JV between Mercedes Benz, SAFT, & Stellantis. The estimated Net Present Value (NPV) of the project over 22 years is USD 1.056 billion, calculated with a discount rate of 8 percent (Outstanding PFS results support Vittangi graphite development). CEO, Mark Thompson said this in relation to the Pilot Plant: "..The EVA plant will now provide the larger EVquality anode samples that our automotive battery customers require for their procurementprocesses and planned production schedules.". The Company is now finalising the environmental permit for the Lule anode refinery site. I found the following slide to be quite revealing. Until March 2023, new Model 3 and Model Y vehicles qualify for a $7,500 federal tax credit for eligible buyers. There should be results of the large-scale trial for Talga coating graphene product - Talcoat - mid 2021 at the latest, which might lead to revenue-generating contracts for the company. Given the significant demand, and excellent economics of the project, I have assumed Talga Group is able to finance the project with 70% debt, with Talga Group needing to raise the remaining 30%. AMATI STRATEGIC METALS: Duo behind 90m fund are really showing their mettle. Should binding agreements be entered into, the Company will release details in accordance with its disclosure obligations at that time. So, a positive and a negative. Talga advise the delay will not impact the project dleivery timeline, and information provided to date is sufficient to progress development work and allow JV negotiations and Due Dilligence to continue. The two biggest challenges of graphene are scalability and price. Talga Group has announced the completion of an institutional placement of A$40 million (around USD$27,316,000) from the issue of 25.8 million new fully paid ordinary Talga shares. Talga is a vertically-integrated technology company that possesses both the natural resources and the technology to develop products that are likely to be in high demand from EV and battery manufacturers around the world. 5) Expansion planning -The review of expansion options is expected to include a scoping study on the unification of all existingVittangi graphite project deposits, along with resource increases potentially arising from the upcomingdrilling. Worth a listen for shareholders and those interested in Talga. Segment: Open Market Copyright 2023 Tradegate Exchange GmbH Please note terms & conditions DAX, MDAX, TecDAX and SDAX are registered trademarks of Deutsche Brse AG Stockheads daily newsletters make things simple: Markets coverage, company profiles and industry insights from Australias best business journalists all collated and delivered straight to your inbox every day. But the UK has indicated it wants 200k tonnes, and TLG is already looking at further expansion. Continuing to tick all the right boxes with resource recovery and green initiatives.These Life Cycle Analysis requirements are going to place companies like Talga in the limelight. Talga Group are recruiting for a senior project manager to: "Talga has been established in Lule for a number of years, today there is an innovation and pilot plant where lab tests are carried out while waiting for the establishment of the factory which is planned to be ready by 2025. There may be adverse submissions, but it appears the key stakeholders are on board with the project. Next article. I have assigned a probability of successful execution/conversion of the stages as follows: My weighted valuation, based on the above probabilities is $1.72. Get the latest stock news and insights straight to your inbox. DISC - I hold, but will be capping my holding at 5% max. 2) Looking to partner to raise the other 40% - Thereby Talga likely to hold 60% stake in anode business. The company mines natural graphite, using 100% sustainable electricity and locally-produced materials. Get the latest Stockhead news delivered free to yourinbox. The area is now being prioritised for further diamond core drilling over the next month. Stockhead is providing factual information where there is a reasonable likelihood of doubt. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company information. I consider this illustration from The future of Energy Storage: Cobalt and Lithium Markets Strategic View to be extremely helpful to visualize the role of graphite anode in battery manufacturing. At the time, there was almost no western explorers or miners in graphite the mineral used to make the anode for lithium-ion batteries. Talga Resources, SolGold and more. Lunch Update Everything was going really well, but the timeline for brand new materials to enter production can be long, Thompson says. Talga Group Ltd (ASX:TLG & OTC:TLGRF) is a company focused on providing a source of advanced battery materials and graphene additives for the shift to a more sustainable world. But for all these companies, graphene is a major part of the business, and most of the companies are pure-play graphene companies. Global graphite demand to increase 400% by 2040, and 100% of which is currently imported into the EU. I would like to thank Reddit for having some news for me, and I will be back at this website, again, to check out for the latest news. In December 2019, the company announced the commencement of a new large-scale trial of its coating product Talcoat, a graphene additive for maritime coating. Talga began a global search for high-quality graphite assets, eventually finding the Vittangi project in Sweden owned by Teck Resources, one of the worlds top 10 largest mining companies at the time. Press J to jump to the feed. The is a gross margin in excess of 80%! The market didn't like the delay, but it was inevitable. I have attached the Swedish mining approval process below. Talga provided an excellent case study on sustainable graphite mining in Sweden during our latest#Batteries4EUevent 'Strengthening European resilience upstream in the battery value chain', in the context of the current Critical Raw Materials Act discussions. As a former gold explorer (founded in 2010 as Talga Gold), Talga is viewed by the general investment public. You will run Talgas' environmental work, where you are responsible for environmental management systems based in ISO 14001. Investment fund Amati Strategic Metals is designed to generate returns from the world's march towards net zero. Anna-Michelle Asimakopoulou's key points: My takeaway is, Talga's challenges centre around authority approvals, hence why the intense lobbying underway, and financing does not appear to be that much of a concern - Perhaps a big announcement will be forthcoming over the next few days. In the last three to four years we have built our inhouse team of scientists that know how to make batteries and integrate both the graphite and the graphene material into other peoples products, Thompson says. Our ambition is to enable the world's most sustainable battery and consumer products.. make serious money over its initial 22-year life, Rise and Shine: Everything you need to know before the ASX opens, CLOSING BELL: Like glands through the shower glass, this was a day of our lives. Offtake agreements and financing to by end of Q2 2023. The final phase ofTalgas Niska South trial mine is an important step in establishing our Europeanvertically integrated green anode business, which we believe will become asignificant supplier to this key battery and EV market. Battery and advanced materials company Talga is working with Mitsui & Co. Europe, a subsidiary of Mitsui, one of the largest global trading and investment companies based in Japan. They all play in the same field, and in many ways are the opposition of each other. Pretty good, and opens up new markets, such as aircraft, which require high power densities. So how much will Germany want 500k, what about the rest of Europe and then Asia. Commercial production scheduled for 2024 commencement. The current investors attitude towards technology companies promising us a greener future by liberating us from the dominance of the combustion engine can be best described by this meme: Talga is a startup which claims that it can increase battery density by 20% and is valued above USD 1 Billion in the latest financing round (Sila Nanos battery tech is now worth over $1 billion). Stockhead is providing factual information where there is a reasonable likelihood of doubt. 5) Construction costs have increased - I am allowing for 20% increase in capital cost for factory / mining. Talnode-C: Engineered graphite for fast charge, high power, high capacity, and low-temperature performance, Talnode-Si: Silicon-graphene composite anode for higher energy density, Talnode-X: Graphite-based anode with ultra-fast charge capability, Talnode-E: Graphite-composite anode materials for Solid-State Batteries. Note: Talga will need more cash within the next 6 months. On July 6, 2022, Talga reported the first 13 of a 36 hole drill campaign of 2 km long target between Niska South and Niska North deposits. Sweating on commercial agreements, with MITSUI partner MOUexpiring June 30! I hold shares in Talga, NeoMetals, and Magnus Energy. Importantly, it will cost Talga just $27m in capex to fire up stage one production. Talga is developing graphene products for additives to coatings, batteries, concrete and epoxy composites. When expanded it provides a list of search options that will switch the search inputs to match the current selection. They were all interested in our results, he says. In June 2016 the company raised $10 million in a placement. Talga seem to reduce the carbon footprint in everything they touch. Key takeaways: 1) Talga and FREYR to work towards commecail supply of Talnode range of anode materials. Talga has been developing Talnode-Si since 2018 at its facilities in Cambridge, UK, with commercial samples being produced at its pilot facility in Rudolstadt, Germany. I'm buying more tonight every time these numbers come out it puts a massive smile on my face , only wish I could buy more, but i've got about 15% of my portfolio in TLG and will sell others if the news is insane - which it probably will be. General discussion on decarbonised transport, renewables, batteries, graphite, and graphene is also welcome here. The carbon footprint declaration will become mandatory under the incoming new EU Batteries Regulation.. This is sufficient to deliver into fast-growing product development and customer qualification programs, and further highlights the scalability of Talgas silicon anode production approach. Talgas mine is estimated to have the highest grade of graphitic carbon among its competitors. $22m has been raised with 20m more shares issued at $1.10ea coming from institutional investors taking the companies cash position to $27m. Leading up to the hearings for environmental approval early next year, I feel this public affirmation of the positives of the project, and the need for the project, can only help the cause. The company has raised additional equity in the past and have done it in an investor-friendly manner. Our lending activity aims to support the regions productivity and environment. Environmental Officer - Roles include:As Environmental Officer, you will be a key figure in Talga's continued establishment in Norrbotten. 20 battery manufacturers and automotive OEM customers are engaged to receive Talnode-C off EVA qualification plant as part of large scale EV battery qualification processes. Scoping studies underway to expand Anode production (Niska Scoping Study) well above 19000 tonnes per annum. The study is expected to be completed by June 2021. Moreover, the company is focusing on Talnode-Si preliminary feasibility studies that they plan to finalize in Q1 2021. Talga Group Ltd (TLG.AX) stock historical prices & data - Yahoo Finance Sign up Talga Group Ltd (TLG.AX) ASX - ASX Delayed price. Ive been watching the share price for a little bit now since its run up toward $2 it seems to have based here and positioned for a big move on any news.. what can we expect within the next month?? Given the recent MOU signed with FREYR, this extension comes as no surprise, given FREYR, as part of their MOU are exploring the opportunity to co-locate prouction facilities, and possibly licencing Talga's manufacturing IP, which were not on the table previously. The raise was reportedly oversubscribed and was supported by a range of institutional investors. I wrote this article myself, and it expresses my own opinions. Talga reported the remaining balance of its 36 hole drill campaign. Mitsui, at their discretion, will have the non-exclusive right to negotiate and enter into relevant binding agreements prior to the MoU expiry date on 31 March 2023. According to the Pre-feasibility Study (PFS) conducted in 2019, Talgas mine exhibits pre-tax annual revenue of USD 188 million and IRR of 55%. Valmet Automotive has started the series production of battery systems in Kirchardt, the Finnish company's first battery plant in Germany. We could now cheaply, with no limit on scale, make endless amounts of graphene, Thompson says. However, the permitting appears to be low risk, with local government support; financing appears to be garnering significant interest; and the EV transition, supply chain risks, nd ESG policies appear to be driving strong demand from customers. I've been buying every week/month for 6 months. Inflection points to watch: Commercial agreements (10 months), financing JVs to fund the project (10 months), Approvals (6 months). November 23, 2022, Talga has announced their anode projects have passed the EIB screening process, and is now under appraisal for finance of up to $300 M EURO. Vincenzo Conforti - Head of Govt. One would expect Talga Resources to be extremely overvalued by now. A second application on a separate vessel followed soon after, and both trials remain ongoing. The previous offering was done among existing shareholders in November 2019, where the company raised AUD 6,2 Million in an oversubscribed offering. Talga is a battery anode and advanced materials company accelerating the global transition towards sustainable growth. This field is for validation purposes and should be left unchanged. To me, it appears that the most significant permitting risks have been dealt with. Talga Group Ltd is a technology minerals company. 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