Ann: World-Class Drill Results Continue at Vittangi, page-166

The reason I think capital raise is important is cause we still at capital raise price today of $1.45. So whatever the next capital raise price will be will be the market valuation of Talga. Its important.

We will get the permits even thou we in a difficult place in the world in getting a new mine up. Cause I don't see any reason why Sweden can deny the permitting. Its just a question of how long it will take. Nobody knows especially not Talga. Its up to Sweden. Trial mine was in 2016 and we still don't have permitting. Permitting April 2022, nobody knows when it will come and predictions just setting false hopes. Talga have track record of not meeting deadlines.

Also to date we have 0 off take agreements since IPO of 2010.

Not my fault Talga have missed there June and November deadlines to make a deal with Mitsui & LKAB. Only MT to blame for giving timeline dates. And finally LKAB said they had enough of this and did not extend agreement for second time. MT getting 5 Million in performance bonus this year. Cannot get my head around that.

Green light for Sweden's first new mine in 10 years
https://www.svemin.se/en/news/news/green-light-for-swedens-first-new-mine-in-10-years/




Talga is unable to do joint venture now, Why?

Cause of the low share price. They thought drill results may get the share price up.
If they did do joint Venture now with Mitsui.
Talga needs 480 Million for Vittangi Project, but it only have 50 Million in the bank.

So if they raised 170 Million now at a share price of $1.50, that would mean they need to Issue 113 Million shares for Mitsui in exchange for 170 Million. MT does not want to do that.
Have a look at Mitsui joint venture deals on there website. This is what they do, they take equity stake for exchange for large funding.

So here we are. Only option now for Talga is to get the share price up in two ways.

1) Get the permitting sorted.
2) Or get off take agreement.

Both of these will make share price rally, so then they can still give Mitsui a 20% discount to share price for capital raising, without giving stake to Mitsui for cheap.

Some saying we need JV before off take and before permitting. As we have seen with EGR, you can have off take before permitting.
We need permitting or off take before JV, cause we cannot to it with the current share price. The 2021 JV timeline, was designed to make people hold.

Now we have the next timeline of next year April. Again designed to make people hold.
Will we hit that timeline of April for permitting? Don't know, all I can do is look at the track record. We already missed two dates this year June and November.

We need Off Take or Permits to get the share price up before capital raising to fund Vittangi. Create rally then hit with capital raising.




The other thing that's really enjoying is the string of MOU, LOI and other non-binding announcements. That did not go anywhere.

• Talga MOU with Heidelberg Cement
• Talga MOU With Bosch
• Talga Graphene Agreement for Printed Battery Development
• Talga Graphene Agreement with BASF subsidiary Chemetall
• Commercial Supply and Development Agreement with Haydale

• Agreement with BillerudKorsnas for Graphene in Packaging
• Agreement with Biomer for Graphene in Thermoplastics
• Agreement with Possehl Erzkontor - Sales and Distribution

• Joint Development Agreement signed with BillerudKorsnas
• Battery Anode Agreement with Farasis Energy

• Battery Anode Agreement with Long Time Technology
• LKAB And Mitsui Sign LOI Extension With Talga
• Talga and Schunk sign LOI over graphene product co-operation
• Talga signs MoU with Swiss battery maker Leclanche
• Talga and Mitsui Agree Vittangi Project Development MoU
• Talga Signs Supply MOU with Nordic Battery Maker FREYR

Talga Resources' CEO: 2017 will be a turning point for graphene commercialization.
https://www.graphene-info.com/talga-resources-ceo-2017-will-be-turning-point-graphene-commercialization

Talga is pushing forward with graphene-enhanced battery R&D with flexible battery maker Zinergy, German based Jena Batteries (for flow batteries) and Warwick manufacturing group. Talga announced positive test results for Li-Ion batteries at Warwick.

What ever happened to Warwick, Bosch, Leclanche, Farasis, Zinery and other agreements?
In 2016 it was at turning point to get mine permitting for Vittangi. Why have Sweden still not given the permits? What has been the reason for the delay since 2016. What are the issues that Sweden have for not granting the permits?




Holding for more than a year and are not frustrated with 0 progress?

Six months ago everyone said JV by November and now everyone saying Permits by next year.