Worth reminding investors or those new to the Talga story that the company has a suite of battery metal deposits in addition to their core graphite deposits containing Sweden's largest cobalt resource, copper and lithium. These projects are at various stages of exploration, but if the EU Commission is successful in its ambition to speed up permitting of domestic critical raw mineral projects via the Critical Raw Minerals Act, then these deposits will potentially become significantly more valuable for Talga to either develop themselves later this decade or JV/spinoff to a partner.
https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2022/03/22023831/06.E_Mineral_Resource_Fact_Sheet_BatteryMetals.pdf
Mark made the comment during the most recent investor webinar that they are fielding enquiries with commercial partners on how to develop these resources and he noted that as the EV/electrification transition builds, the value of these deposits would likely increase. Combined with potential future EU support around financing/permitting for CRM projects, there is likely to be more interest and value that could be attributed to these secondary deposits than say 6-12 months ago.
Perhaps we will hear more on the future plans of these deposits once Talga have resolved the main three priorities of offtakes/permitting and financing for Vittangi, which rightly should be 100% of their focus right now. Just something to consider and keep an eye on for future value creation for long term shareholders.
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