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12/05/24
12:40
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Originally posted by fooca:
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Wasn't particularly inferring that Lithium would be exported from Canada as I also believe it would be problematic given how intent they are to keep the Chinese out and to produce their own battery minerals to not be reliant on the Chinese. Although the Cooperation Agreement has now (or will be cancelled) predominately due to the sale of the remaining 40% of the JV ownership in MLBV; Item 2 of the agreement: Leo Lithium and Ganfeng to study downstream cooperation ~ Leo Lithium to conduct and manage a fewasibility study into a joint venture downstream conversion facility in Europe or region within a reasonable distance to West Africa; ~ Leo Lithium and Ganfeng to jointly fund the study, with the study to be conducted in Australia (or such other jurisdiction as agreed) and; ~ Leo Lithium and Ganfeng will jointly participate in the study with the following specialist areas: + Leo Lithium will be responsible for searching for suitable locations, identifying and engaging with potential partners, shortlisting and introducing potential partners , and economic analysis; + Ganfeng will be responsible for analysing conversion technology, considering the application of Ganfeng's existing technology to the downstream facility, and to take the lead on engineering and design for the construction of the downstream facility. As for an acquisition / new project: Simon Hay is still an associated member (and Non Executive Chair) of Battery Future Acquisition Corp; Part of their mission statement: Battery Future Acquisition Corp is a blank cheque company targeting critical battery minerals and related supply chains. The company plans to target assets or companies along the battery value chain from raw materials mining and processing to midstream refining and battery input manufacturing and recycling. cheers
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Battery Future Acquisition Corp... Hmm, sounds interesting. Maybe they could look into something closer to home and close to production, i.e. Cobalt Blue, with the Kwinana nickel/cobalt refinery. As well as COB's Mine holdings. Not lithium but will be involved with critical battery minerals and related supply chains. Just my opinion not advice... DYOR