Australian mines is continuing to develop it P-CAM production capabilities in response to growing appetite amongst our potential Sconi offtake partners for P-CAM products.
Production runs of NCM 9/05/05 P-CAM have been also been slated into commence in the fourth quarter.
SK Innovations are the only battery company with the technology of NCM 9/05/05 and the batteries SK are supplying to the Ford 150 electric from next year are NCM 9/05/05.
Auz are producing P-CAM based on advanced off take discussions so almost is evident by Auz producing NCM 9/05/05 that Auz are still in talks with SK.
Maybe original off take fell through because the timing wasn't right. EV uptake and battery minerals shortage won't ramp up till 2025, covid has not helped. So timing is right now . Also SK had the law case over its head from LG which has been finalised. All system go now.
Intersting to have such a huge volume of shares traded on a Friday afternoon, with a nice increase in SP, normally the pump and dumpers don't start a pump just before a weekend and get stuck holding shares.
Hopefully more than a pump and dump this time, we will see this week.
only my opinion
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