When I looked at this (2018/2019) TNG was not the only one with a Vanadium/Titanium hydromet process going through the patent application process - there was a China based group proposing something similar. The SMS association however opened up the TIVAN process to access their patent library where, as a metallurgical process company you'd be hard pressed to find anyone with the level of IP in this space that SMS have under their umbrella. The process & production guarantees will be mostly because of this - the parts of the process not specifically covered by the TIVAN patents would likely be processes which SMS have real operational data.
On the timing front - those other Hydromet processes from my previous post haven't become reality either - of particular note is the PosNEP process - POS being POSCO - who had an early MOU with TNG. Their Nickel hydromet process a 2017 link.
Hydromet = ESG & that is what the world investment community wants - a long term sustainably mined/refined circular battery metal economy.
TNG should have led that because fixed cost, sustainably sourced Vanadium has a pretty major role to play in the decarbonization future that same investment community is focused on. Titanium also, but to a lesser degree.
There is no realistic pathway being put forward by this company now I can see that fixes that. Wish it weren't so, but for me at least, FOMO has become unrecoverable MO.
TNG Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
