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Nordic Mining (NOM)

Nordic Mining ASA - Allocation of Subscription Rights

OSLO BØRS - MATCHING HALT ENDS

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Positivt: De nye store batterifabrikkene i Europa og andre begynner å signere innkjøpsavtaler på litiumhydroksid. Kanskje vi kan begynne å spise opp noe av tilbudsoverskuddet som har bygd seg opp det siste året.

Negativt: Spotprisene er fortsatt lave og langt under de prisene som ligger til grunn for Keliber sin DFS.

Tianqi Lithium in supply deal with Sweden’s Northvolt (Fra Reuters)

China’s Tianqi Lithium Corp, one of the world’s biggest lithium producers, said on Tuesday that its Australian unit had signed a long-term supply agreement with Swedish battery maker Northvolt.
Tianqi Lithium Kwinana, which recently launched a processing plant in Western Australia, will supply lithium hydroxide, a chemical used in electric vehicle (EV) batteries, to Northvolt Ett from 2020-25, Tianqi said in a filing to the Shenzhen Stock Exchange. Northvolt Ett is the name of Northvolt’s planned lithiumion battery plant in northern Sweden. What will be Europe’s largest such plant is due to begin production in 2021 and counts German automakers Volkswagen and BMW among its investors.
The filing gave no absolute tonnage figure for the deal but said that the volume supplied each year would be no lower than 6-10% of Tianqi Kwinana’s annual capacity. The deal marks the second major customer win for Tianqi in a little more than a month. The company announced on Aug. 22 that it had signed up South Korea’s LG Chem on a three-year deal covering 2020-22 for no less than 15% of Kwinana’s annual capacity.
Tianqi Lithium Kwinana started production of lithium hydroxide this month, with its first phase output to ramp up to the full 24,000 tonnes a year over the next 12-18 months.
Capacity will double to 48,000 tonnes with a second stage, though Tianqi has put that on hold until the rampup of the first phase is complete because lithium prices remain depressed.
Amid a wave of new supply and adjustments to EV subsidies in China, lithium hydroxide prices, as assessed by industry information provider Asian Metal, have fallen by 36.8% this year to 67,000 yuan ($9,428.25) a tonne.

Dette skriver Keliber i sin oppdaterte DFS:

Average annual prices for the industrial grade lithium hydroxide are forecast to rise to
USD15 000/t (nominal) by 2025 and USD19 000/t by 2032, although there is expected to
be a weakening in prices in the period 2019 - 2022.
Battery-grade lithium hydroxide consumption has grown quickly over the last decade.
Reflecting the more limited supply options, battery-grade hydroxide has carried an even
larger premium to lithium carbonate than industrial-grade lithium hydroxide. In 2017
premium fell and a discount to industrial-grade hydroxide was around US$2,900/t, due to
the structure of contracts for battery-grade limited to a smaller number of parties on longterm contracts at lower prices. A premium is expected to re-emerge from 2018 as the
current high prices for industrial-grade hydroxide fall but battery-grade increases, with
prices falling into parity in the 2020s.
USD13 000/t is expected to be the new floor for average annual contract prices (nominal).
The nominal annual contract price for battery-grade lithium hydroxide is forecast to be
USD14 000/t in 2021 rising to USD21 000/t in 2032. Spot prices for battery-grade lithium
hydroxide in China are expected to be slightly higher, USD15 000/t in 2021 and
respectively USD22 000/t in 2032.

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Barton subscribes for shares in the Rights Issue

Hva er saksgang etter 1.november ref artikkel https://www.stortinget.no/no/Saker-og-publikasjoner/Sporsmal/Skriftlige-sporsmal-og-svar/Skriftlig-sporsmal/?qid=77022&utm_medium=rss&utm_source=www.stortinget.no&utm_campaign=Skriftlige%20spørsmål%20og%20svar%20(100%20siste%20dager%20i%20inneværende%20sesjon)

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Keliber announces that the Mineral Resource of the Rapasaari lithium deposit has increased by 40 percent

Dette er veldig bra. Fortaatt økning i påviste og estimerte ressurser er viktig. Keliber-ressursen har så langt vært litt for liten til å kunne forsvare en strategisk investering fra de store batterikonsumentene, tror jeg. Fossum var veldig optimistisk på at boreprogrammet deres kom til å øke ressursene jevnt og trutt under lunsjpresentasjonen hos SB1 Markets forrige uke.

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Primary insider subscribes shares in the Rights Issue

Blir spennende å se nå!

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Kjøpt emi aksjer ?

Expiry of subscription period for the Rights Issue today

Jeg har tegnet for rettene mine og litt til. For tidlig å bli grådig og laste opp mer enn likviditeten tåler. De ber om ca 24øre per gammel aksje denne gangen og regner med at det kommer noe tilsvarende innen sommeren.

Preliminary result of Rights Issue

Nordic Mining prepares for lift-off

There hasn’t been a greenfield development of a mine in Norway for between 30 and 40 years but Nordic Mining is looking to change that via construction of its flagship Engebo rutile and garnet project.

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"Yes, the share price is a bit depressed, but with smaller one-project companies such as ours, it’s not always easy to realise [good] valuations.

“But as we move towards publication of the DFS in the final quarter of this year, and then on to financing and construction, hopefully this should have an effect on our market value.”

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Jeg tør ikke tenke på hvor trigget noen i MDG eller SV må bli over at dette kalles et Green Field prosjekt :smiley:

Final result of the Rights Issue