https://investorinsight.com.au/avess-energy-raises-1m-in-oversubscribed-series-a-capital-raise/
Over at AVESS, the Executive Chairman, Young Yu says Ken will be a ‘key piece in the next phase of our journey as we strive towards becoming a major player in the Australian energy storage sector.”
…..Commenting on his cornerstone investment in AVESS Energy and VRFB technology, Mr Brinsden added:
“Energy storage is being largely underestimated as critical technology to the decarbonisation of the global economy.
“Further, VRFB technology has now advanced as a key solution for energy, mining, and utilities to aid in the renewable energy rollout.
“I’m delighted to join Young and the team, and I look forward to making a positive contribution to AVESS Energy as it pursues local VRFB manufacturing and production.” …
Ken and RCF are old mates from late 2020 when RCF and Aus Super got together to take out Pilbara Mineral’s debt-stricken next door neighbour from administration in support of his takeover [ref to that time].
On RCF (and the $42m it currently has simmering on its AVL backburner) I was rereading Barry Fitzgerald’s story last October on how it’s GAM division sat - for a very long time - on Wildcat
https://www.livewiremarkets.com/wir...o-unlock-flood-gates-on-1-6b-in-investor-cash
“..After a 3.3% share price lift in response to the Azure bid news, its market cap has climbed past $1 billion (fully diluted).It was a $24 million company in March…..”.. “Watching on with interest is the vendor to Wildcat, the tantalum products group Global Advanced Metals (GAM) which, in turn, is controlled by global mining private equity group Resource Capital Funds (RCF).Students of history will remember that GAM acquired four tantalum-lithium projects from the collapsed Sons of Gwalia in 2007. Think of them as the fab four – Greenbushes, Wodgina, Pilgangoora and Tabba Tabba.All are now very much lithium-tantalum projects. Unlike the first three which were passed on, GAM has kept exposure to Tabba Tabba by taking stock in Wildcat in return for vending the project.It holds 17.93% (15% fully diluted) of the company and can get to 20% on Wildcat confirming at least a 10Mt resource grading 1% lithium – something that will be surpassed in a big way before long. This time around, GAM/RFC are onboard to capture the unfolding upside…”
It’s definitely on board to capture the unfolding upside here too
And all those big names Barry speaks of - the Ellisons, Rinehartz and Creasys etc … RCF is best mates with them as well : )
But seeing as AVESS is so early stage I guess it is not in the off taker running here :/.
cheers
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