Ann: Europe's first Li-ion battery anode plant commissioned, page-56

Well done to all that sold today. Great opportunity to get out.

Company needs funds soon so capital raise on the horizon.

This announcement reminds me of the graphene pilot plant Talga opened in 2015. They been sending out graphene product samples since 2016 and still don't have one customer binding agreement.

Remember Talga been sending out Anode Talnode C samples to customers since 2019 and still no binding agreement. Opening of this pilot plant is same process as 2015. To continue to send out product samples.

Funny how many people buy stock without finding out what is really going on. Nice pump and dump. Silly to buy on a announcement day.

The reality of Talga situation is still the same. Talga in country with very difficult mine permitting requirements. Talga still fighting to get mine permitting. Talga only been able to secure trial mining since 2015 for 30,000 tonnes of graphite ore. When the capped 30,000 tonnes of graphite ore is extracted Talga is required to rehabilitate the mine site.

Remember since IPO in 2011. Still don't have revenue. Company been living off multiple capital raisings since then. So new capital raising on the horizon at discounted share price.

Talga still waiting on the Exploitation & Environmental permitting to be able to mine 100,0000 tonnes of graphite ore per year for 24 years.

But if you look at Beowolf mining for example they been waiting for nine years and still don't have Environmental permitting to open the new mine. So Talga only submitted permitting application in May 2020. So still long wait for a decision. Sweden have only opened one new mine in over 10 years.

https://www.svemin.se/en/news/news/green-light-for-swedens-first-new-mine-in-10-years/#:~:text=Thus%2C%20the%20Land%20and%20Environmental,Congratulations!



The other problem is that Talga still don't have any customer binding agreement for any of there products. Even with the Pilot plant build now.

And Talga still needs 484 Million to fund 19ktpa of Anode production, if one customer actually commits and signs agreement.

Look at Nouveau Monde graphite they had to give away 21% of there equity in exchange for project funding.

Have a look on here with google translate. There are heaps of articles on the difficulties of mining in Sweden.

https://www.tn.se/naringsliv/svenska-gruvforetaget-darfor-vagar-vi-inte-satsa-i-sverige/
https://www.tn.se/ekonomi/regeringen-stoppar-klimatprojekt-nu-kan-boliden-overge-sverige/
https://www.tn.se/naringsliv/beowulf-om-beslutet-oacceptabelt-lang-tid/
https://www.tn.se/naringsliv/besked-pa-gang-om-omstridda-gruvan-i-kallak/
https://www.tn.se/hallbarhet/nu-avgors-gruvornas-framtid-sverige-osakert-for-investeringar/