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Company Update and Q&A Session Summary
1. KfW Financing Status
Current Status: The process with KfW is in its final stages. All documentation and work programs have been completed and are being finalized for submission.
Next Steps: No major steps are missing. The team is confident and has recently met with KfW in Frankfurt.
Relocation Action Plan (RAP): It is funded through the KfW loan. Although preparations such as valuations are done, the actual relocation process will begin only once financing is in place.
2. Battery Anode Material Facility
Location: Focus remains on Europe, particularly Germany, due to existing partnerships (e.g., BASF) and support from GTI. Other potential locations include France, Eastern Europe, Morocco, and Spain.
Timeline: A final decision on the location is expected soon. Construction could begin realistically once partnerships and funding are secured.
Joint Ventures: The company is exploring co-development through strategic partnerships, including those in the U.S., which currently shows higher demand.
3. Partnerships with Sunil and Syrah (Sial High-Tech)
Status: Active collaboration continues with Sial High-Tech, particularly in recycling initiatives in South Korea, Europe, and the U.S.
Reason for Lack of Updates: Work is ongoing but not always newsworthy. Updates are held back to avoid repetitive or non-substantive announcements.
4. North America Focus
Market Relevance: The U.S. is increasingly important due to government interest in raw materials from Tanzania and upcoming sectors like eVTOL aviation and defense applications (e.g., drones).
Expected News: Announcements related to projects or partnerships in the U.S. are expected "very soon."
5. EU Financing and Strategic Position
Support: Additional European banks and development funding are being lined up, particularly for midstream and downstream operations.
Brussels Visit: The company observed real investment intent from the EU to support local supply chains.
Outlook: Positive decisions from EU funding institutions are anticipated within the year.
6. Capital Strategy and Share Dilution
Funding: The company is focused on debt financing and strategic equity from supply chain partners rather than further public raises.
Cash Position: Current funds are sufficient for near-term operations; no immediate need for capital raising.
Shareholder Awareness: Management is aware of past pricing levels (e.g., 60 cents) and aims to drive valuation through tangible milestones.
7. Mechanical Shaping Facility
Timeline: Construction would take roughly 12 months, shorter than the mine commissioning timeline (18 months).
Financing: Expected to be funded via debt and strategic equity, no new capital raise needed.
Significance: It would be a milestone as one of the first such value-add facilities in Africa, attracting strong government and customer interest.
8. German Shareholder Voting Rights
Issue: Despite 41% shareholding in Germany, voting in general meetings is complicated and costly under ASX rules.
Solution: The company recognizes the issue but cannot favor one group of shareholders financially under regulatory obligations. However, the significance of German shareholders is acknowledged.
9. Energy and Nickel Projects
Energy Project: Initially promising due to high nickel prices but missed the optimal market window. The assets remain and are considered valuable.
Nickel and Gold Assets: The company is exploring value-maximizing options. A promising agreement with AngloGold exists for Golden Eagle.
Focus: Graphite remains the primary value driver; other assets are non-core but may generate value.
10. 5-Year Outlook
Vision: The company expects to have built 1–2 purification facilities and have others in planning.
Market Shifts: Growing demand for non-Chinese graphite is anticipated due to geopolitical pressures. Customization needs and anode recycling will drive the need for multiple tailored facilities.
Recycling: Seen as an early opportunity, especially in developed markets.
(20min delay)