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13/03/2024 FY24 Half Year Results
https://www.asx.com.au/markets/company/sya
Nine in ten Canadian mining leaders are optimistic that Canada can be a world leader in critical minerals, yet the overwhelming majority (98%) say their companies require more investment, government commitment, and favourable tax policies to support its growth, finds a KPMG in Canada survey conducted last month.
https://www.miningweekly.com/article/critical-minerals-mining-industry-requires-more-of-everything-if-canada-to-be-a-global-player---kpmg-2024-03-12
Insiders bought shares before releasing the next drill hole results.🤔
Toronto, Canada – Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce an aggregate purchase of 6 million common shares of the Company by three of its senior members (Richard Quesnel, Brett Lynch, and Rene Bharti). The purchases were completed in the public markets over the past few weeks, representing an increase in insider common shareholdings of 1.7%.
CLM’s chief executive officer and president, Rene Bharti, remarked, “Our management, board members, and insiders are committed to supporting the company. We believe the Company’s assets will prove to be a success for all shareholders and our team is committed to creating shareholder value over the long term.”
Sayona
7,175 followers
12h •
https://www.linkedin.com/feed/update/urn:li:activity:7170632829435793408/
Deuxième journée complétée avec succès à notre kiosque au Prospectors & Developers Association of Canada (PDAC)
Nous vous attendons demain et mercredi au kiosque 2330.🔋
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Second day successfully completed at our booth at the Prospectors & Developers Association of Canada (PDAC)
We look forward to seeing you tomorrow and Wednesday at booth 2330. 🔋
Which stock will file Chapter 7 first, SYAXF or that loser SXOOF ???????????????????
LoL LoL,
IB_
"It is clear that very few lithium expansion projects make economic sense at current market prices, and the longer prices remain near these levels, the greater the impact on future supply shortages. As we saw in 2022, this will increase the likelihood of a rapid increase in future lithium prices, although the complexity of the global battery supply chain makes both the timing and extent of such an increase difficult to predict," stated Arcadium Lithium CEO Paul Graves in the aforementioned report.
Wow.....That's huge. Nice find......What's the Date of that tho ?......Think you may have shown us that before.
Closest I could see was ........Date modified: 2024-01-22
Regardless, still.........It COULD / SHOULD (normally would) soon help
Merci !........et........Bon chance !
.
Damn that divorce was brutal on the shareholders.
Previously, Reuters reported that divorce proceedings between current Sigma Lithium CEO, Ana Cabral-Gardner and her husband and former co-CEO, Calvyn Gardner, have "triggered several lawsuits, including a dispute over some of the mineral rights where Sigma plans to build mining pits." Shares of Sigma Lithium Corp.Nov 15, 2023
Pegmatites form thick seams called dikes that intrude into other rocks and can measure anywhere from a few centimeters to hundreds of meters. Within Pegmatites is a lithium-bearing mineral known as Spodumene.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=sgml&x=0&y=0&time=100&startdate=1%2F4%2F2020&enddate=4%2F29%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=sqm&x=0&y=0&time=100&startdate=1%2F4%2F2020&enddate=4%2F29%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Our Resources Index and its' 500 Level
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=xx%3Ajx&x=51&y=15&time=100&startdate=1%2F4%2F2020&enddate=4%2F29%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=+50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
CONSOLIDATED LITHIUM ANNOUNCES VALLÉE JV INTERSECTS 1.04% LI2O OVER 7.15 M
February 15, 2024
Two high-grade intersections were also discovered in VAL-23-042, located north of the Core Pegmatite trend (see Figure 3). The first interval averaged 1.43% Li2O over 3.60 m from 167.55 to 171.15 m within an interval of 0.60% Li2O over 17.00 m from 163.00 to 180.00 m. The second interval averaged 0,68% Li2O over 23.30 m from 215.50 to 238.80 m that included a subinterval of 0.95% Li2O over 10.20 m from 216.55 to 226.75 m.
hehehehe - Ain't this FUN ?????
Lovely Sector
Best Of Class
.
Shame what happened here.. If it goes to .01, I’ll buy 100k shares for fun
Somehow I got a good feeling we should be bottom or close to bottom or has turned the corner. Crossing my fingers
Share buy back not going to happen my opinion. Need cash on hand to weather the storm.
Why would you think they would do buy back when they still need fund for expansion? This is a dilution machine. I am just hoping we have a clean break from PLL asap and get those development going without dilution
And I am still holding lol
SP plunge tells the story. Mgmt at sayona as I’ve said before does not care about shareholder value. If they did, they would be vocal about share buybacks, etc to reverse this cratering chart. But they simply don’t
Yeah, I agree, the wording is strange.
It’s messy.. something smells foul bro
Sayona Mining Limited (SYAXF) Corporate Update
https://crweworld.com/australia/trendingnow/press-releases/3316668/-sayona-mining-limited-syaxf-corporate-update-
Someone bought PLL shares at a premium. I have yet to see an announcement on the asx to be a substantial holder, is the buyer still buying?
1.3-billion shares traded last night on the asx. Over 20% shares traded in 2 days.
Buyout or a new partner?
Should be news soon?
https://www.asx.com.au/markets/company/sya
Sayona still hiring.
https://www.linkedin.com/company/complexe-lithium-amerique-du-nord/
The fools “down under” are killing this tnite.. down on the ASX .015. Damn aussies
$SYAXF - " Piedmont will no longer hold any shares of Sayona. The sale of these shares has no impact on Piedmont’s joint venture or offtake position with Sayona Quebec" Very nice news!
Is this being sold outside the market? Or not in the open market? Has it been completely sold?
Piedmont sells Sayonara shares
BELMONT, N.C., February 21, 2024--(BUSINESS WIRE)--Piedmont Lithium ("Piedmont" or the "Company") (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced the sale of the shares it held in Sayona Mining ("Sayona") (ASX: SYA).
The Company has agreed to sell 1,152.2 million shares of Sayona for A$0.052 Australian Dollars ("A$") per share through a secondary block sale via Canaccord Genuity. The sale price represents a premium to the 20-day volume weighted average price and will result in gross proceeds of approximately A$59.9 million, or US$39.4 million for Piedmont. Following the transaction and some smaller recent public market share sales, Piedmont will no longer hold any shares of Sayona. The sale of these shares has no impact on Piedmont’s joint venture or offtake position with Sayona Quebec.
The decision to divest the Sayona shares aligns with Piedmont's commitment to maintaining a prudent balance sheet while simultaneously minimizing dilution of Piedmont’s shareholders. This action, in addition to the cost-saving initiatives outlined in Piedmont’s recent corporate update, strategically positions Piedmont for the long term.
"This transaction underscores our commitment to delivering long-term value for Piedmont shareholders," said Keith Phillips, President and CEO of Piedmont Lithium. "We acquired our initial Sayona shares as part of our strategic investment in the Sayona Quebec joint venture and will recognize a meaningful gain on the investment. We remain fully committed to our joint venture with Sayona, with a particular focus on the ongoing ramp up of North American Lithium, the largest lithium operation in North America. Our 25% joint venture interest and associated offtake agreement are core assets of Piedmont, and we look forward to continuing to work closely with our partners at Sayona to supply IRA-qualified lithium resources critical to the U.S. electric vehicle supply chain."
Story continues
Michael Langford
• 1st
Executive Director at Airguide International
12h •
Agree with, "Unsustainably Low Lithium Prices Set the Stage for the Next Supply Crunch" - will this lead to another price spike ? Yes, it will, as history yet again repeats (as it has done so with bulk commodities and base metals) - worth reading:
https://lnkd.in/gDiwUv9u
I would also add, that while the low spot price has an impact on current producers expanding or continuing operations, it is more the forward curve that disincentivizes new project development. It is the combination of low spot and lower future prices that causes wild swings in commodity prices as supply fails to keep up with demand.
To be fair, these wild swings in commodity prices is also why I love commodities.
Why do analysts get the forward curve so wrong?
Analysts essentially take at face value what companies state with little understanding of geopolitics / logistics / mine engineering understanding. As a result anything stated to come online is 100% guaranteed (in real life 1% likely) at and when the company states. These views are then priced into the forward curve disincentivizing new project development.
Looking forward to the second half of 2024 for #lithium prices.
https://www.linkedin.com/feed/update/urn:li:activity:7165572862286712832/
Do you really think Tesla is going to let Sayona go under?
Repeat the ONLY WAY Tesla gets tax break is with North American Lithium,. They have had the 5000-tons from Silver Lake ponds for years, no other lithium in the US being produced...
ioneer got cheap loans from the inflation act with low interest, with no permit.
Sayona, can get GRANTS from Canada and the US for processing. Sayona, has been testing "newer green" refining processes , when it is proven then they can apply for GRANTS "FREE MONEY"..
If they land a partner like Tesla, this will climb. But that’s a big “If” for the moment. This project will need money to get going, who’s going to fund it?? Us shareholders? If so, they dilute us into the ground and that’s a shame
1.36% Li2O is a very high numbers, easier to process. Moblan Lithium Project is worth $2.2-billion by itself.
https://clients3.weblink.com.au/pdf/SYA/02774427.pdf
I'v said hunderds of times Tesla will be the offtake, it is the only way for Tesla to get the tax credits.
I would not want to make a deal with any other EV company, no one else makes as many EV's as Tesla. Cybertruck is ramping up and semi starts in 2024
Tesla Semi Volume Production Will Not Start Until Late 2024: Musk
https://insideevs.com/news/672016/tesla-semi-volume-production-wil-not-start-until-late-2024/
Tesla will be adding three new battery plants this year in the US. Name one other mine in north America where there is lithium being produced?
https://www.scmp.com/tech/big-tech/article/3250513/tesla-open-us-battery-plant-equipment-chinas-catl
Need to wait for the refinery to get finished and dialed in.
None of you want to believe me that is fine I added another 500k shares under .03
A DLE plant cost is well above 1/2 a billion dollars they are now being put on hold in the US.
Compass Minerals to abandon lithium extraction on Great Salt Lake.
https://www.fox13now.com/news/great-salt-lake-collaborative/compass-minerals-to-abandon-lithium-extraction-on-great-salt-lake
Great news! But does this equal more dilution to shareholders if they can’t find a partner with cash deep pockets to finance this project?!!!
19 February 2024 Moblan Lithium Project Definitive Feasibility Study
https://clients3.weblink.com.au/pdf/SYA/02774427.pdf
SAYONA MINING LIMITED SYA😉
https://www.asx.com.au/markets/company/sya
Lucas Dow
Experienced Resources CEO
https://www.linkedin.com/in/lucas-dow-47801a1b3/
14/02/2024 Appointment of New Non-Executive Director
APPOINTMENT OF NEW NON-EXECUTIVE DIRECTOR
https://clients3.weblink.com.au/pdf/SYA/02772885.pdf
? Experienced mining executive, Lucas Dow, appointed as independent Non-Executive
Director
? Move strengthens Board and enables enhancement of Sayona’s corporate governance
practices, including key Board Committees
? Mr Dow to join the Audit and Risk Committee and Nomination and Remuneration
Committee
North American lithium producer Sayona Mining Limited (“Sayona”) (ASX:SYA; OTCQB:SYAXF)
has appointed a new independent Non-Executive Director, highly experienced mining executive
Lucas Dow, a move that further strengthens the Board and allows for significant enhancement
of the Company’s corporate governance practices.
Mr Dow has a proven track record of outstanding performance across a diverse range of
businesses, commodities and geographies, skills which will facilitate Sayona’s next stage of
growth as a leading North American lithium producer.
Mr Dow is senior resources sector professional who has led resources organisations at the
Chief Executive Officer level and held executive and non-executive director roles in both listed
and unlisted entities. Mr Dow has previously been a member of the Remuneration and
Nomination Committee of an ASX listed company.
As a mining engineer with extensive hands-on operational experience in both the mining
resources and the renewable energy sector, he is well versed in global resource trends and
growth markets.
Mr Dow has deep technical and executive experience and proven performance in leading
resources businesses through difficult operating environments including project development,
major business turnarounds and transformations both domestically and internationally.
Mr Dow previously held the role of CEO, Bravus Mining & Resources, being critical to the
successful commencement of the Carmichael mine and rail projects in Central Queensland.
Earlier roles included serving as CEO and Asset President for the BHP Billiton Mitsubishi Alliance
(BMA) and VP – Operations and Director at diversified miner South32. In addition, he has also
led hard rock mining operations in international locations. Having operated in international
jurisdictions Mr Dow has demonstrated his ability to engage with key stakeholders in addition
to serving and holding board roles on industry groups such as Vice President of the Queensland
Resources Council.
Tesla To Start LFP Battery Production in Nevada Using Equipment From China's CATL
Published: 1 Feb 2024
For now, Tesla is using 2170 cells from Panasonic to produce the Model Y in the US and 18650 cells (also from Panasonic) for the Model S and Model X. It also imports a lot of cells and battery components from China. The few 4680 cells it makes at Giga Texas are all destined for the Cybertruck. Although Tesla claims that the battery cells are not a bottleneck, we know that Tesla would like to have more 4680 cells available. This will not be possible until Panasonic starts producing the larger cells later this year. Panasonic is also installing additional 2170-cell production lines at a new battery factory in Kansas.
If ternary battery cells finally become ubiquitous toward the end of 2024, lithium-iron-phosphate (LFP) cells will still have to be imported from China for now. This means no tax credit for the Model 3 RWD or other models using the cheaper battery cells. Tesla is aware of that and is considering starting US production of LFP cells in Nevada.
According to a Bloomberg report, Tesla will buy the equipment from CATL, the world leader in LFP cell production, and install it in a new facility in Sparks, Nevada. Tesla will have full control of the facility and cover 100% of the costs, avoiding the kind of scrutiny Ford faced when it announced LFP production a year ago. Ford wanted to license the LFP technology from CATL. Tesla, on the other hand, only buys the equipment. The Chinese manufacturer's personnel will help set up the equipment but will not be involved in operating the LFP production line.
E88: Lithium Pearl Jam. Wilsons Advisorys' Sam Catalano
3,137 views Feb 9, 2024 #lithium #electricvehicles
INDEX:
0:00 - Introduction
6:04 - Profitability Still Achievable in Volatile Lithium Market Despite Structural Changes
8:08 - Methodology Behind Long-Term Lithium Pricing Models and Project Viability
13:23 - Significant Price Increase Needed to Incentivize Lithium Project Development
15:34 - Viability of Low-Grade Lepidolite as Alternative Lithium Supply
19:56 - Concerns Over Potential Overcorrection in Lithium Pricing Amidst Recent Production Cuts and Rationing
20:57 - Risks of Market Pivot Towards Lithium and Impact on Supply Chains
25:19 - [Alcoa, Albemarle, Arcadium] Parallels Between Lithium Industry's Evolution and Quality Bias in Matured Steel Industry
30:03 - [Alcoa, Rio Tinto] Profitability and Future Trajectory of Lithium Industry Amid Uncertainties
32:34 - [Sichuan Yahua, Pilbara, Chengxin] Lithium is becoming more commoditized
35:33 - [Atlantic Lithium, Liontown, Leo Lithium, Core Lithium, Ioneer] - Atlantic's Position Despite Quality Assets Amid Bid Activity Discrepancies
42:54 - Sayona, Lake Resources, AVZ Minerals, Influence of Retail vs. Institutional Ownership on Stock Valuation
51:08 - Mali's Political Instability and its Impact on Leo Lithium's Future
55:09 - [Gangfeng] Industry Dynamics Shift as China Expands Operations in Africa Amid Political Uncertainty in Mali
59:06 - [Liontown] Funding Gap Looms Large as Liontown's Breakeven Price Exceeds Current Market Rates
1:02:01 - [Core Lithium] Core Lithium Shutdown: What Price Reopens the Door?
1:04:26 - [Liontown] - How confident are you in Liontown's study compared to Core Lithium's
1:06:23 - [Ioneer] - Why is Ioneer your long-term prospect?
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We are looking for an Assistant Engineering Superintendent! ✨
As Assistant Superintendent of Engineering, you will be responsible for overseeing, mentoring and developing our dynamic teams. You will play a critical role in approving mine operational plans while ensuring budgets and deadlines are met. You won't have time to get bored!
To see all the details and skills required for this position 👉: https://lnkd.in/eX9Pgv3J
https://www.linkedin.com/feed/update/urn:li:activity:7161719272661057536/
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We are grateful for the opportunity to participate in the Pikogan Career Day hosted by the Mich Economic Development Corporation! 🤝🏼
Several exchanges and discussions are planned today for Sarah Laquerre, Director of Human Resources and Bianca Galimi, Manager of Communications and Community Relations.
Don't hesitate to come and meet them, it's a great opportunity to discover our professional opportunities. We look forward to meeting you! ⚡️
https://www.linkedin.com/feed/update/urn:li:activity:7161803037601198080/
We should praise this management. The cash raise that everyone was whining about was a perfectly timed stroke of genius that would not have happened with any other management, $200M and it happened at $0.18 per share, it was brilliant given our current environment. That happened because we have management who have great experience with this environment. We will rise much stronger than we have ever been and the timing will perfectly coincide with the next lithium bull run due to the EV market disruption. These prices won't happen again with this company. $SYAXF long and strong!
I’m not short here.. I’m also not the kind of investor to move on at a loss, so I’ll wait. But optics wise, this mgmt team has let investors down. I get that lithium will soar again however the fundamentals with SYAXF currently are undesirable.
Then sell your shares and be on to the next thing. It would be Foolish to own something one doesn't believe in. Sure hope you are not short here, that won't end well. Personally, given the current and forward financial environments and future demand on this industry, I expect over $10B market cap. DYOR. $SYAXF long and strong!
How will we rally when we’re sitting on 10 bill shares outstanding? Doesn’t give me reason for optimism unfortunately
Winding this machine up for the next run. We will not have as much competition this run as China lithium manipulation is like cancel culture to those in debt, they will be canceled and acquired. Meanwhile we will continue to be the only North American SC producer during the start of the current cycle placing us strongly ahead of the competition. $SYAXF long and strong!
China Drops to Second in BloombergNEF’s Global Lithium-Ion Battery Supply Chain Ranking as Canada Comes Out on Top
https://about.bnef.com/blog/china-drops-to-second-in-bloombergnefs-global-lithium-ion-battery-supply-chain-ranking-as-canada-comes-out-on-top/
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Cathie Wood: This ENTIRE Sector Is About To 130X (And Spread Explosive Growth) - Jul 6, 2021
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