Media
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curiousmagpie
Regular
This is objectively v good news today.
I've started accumulating a position again because 40c seems like a good entry given this news. Starting small because the market's underwhelming reaction to this is keeping me hesitant.
There still doesn't seem to be a lot of confidence that Talga can deliver this project. I would expect a €70MM grant to send this above 50c.
If the full €70MM is awarded this = approximately 30% of equity capex funded and a significant reduction in future dilution.
Why isn't there stronger buying here?
The market must be thinking like me: we need more solid progress to regain trust and confidence in the company.
Positive tailwinds
Concerns
I've started accumulating a position again because 40c seems like a good entry given this news. Starting small because the market's underwhelming reaction to this is keeping me hesitant.
There still doesn't seem to be a lot of confidence that Talga can deliver this project. I would expect a €70MM grant to send this above 50c.
If the full €70MM is awarded this = approximately 30% of equity capex funded and a significant reduction in future dilution.
Why isn't there stronger buying here?
The market must be thinking like me: we need more solid progress to regain trust and confidence in the company.
Positive tailwinds
- EV market picking up again (see TSLA overnight)
- EU exchange rates falling (debt funding cheaper)
- Enviro permit case progressing through the SC
- Local issues progressing. The Green Acceleration office seems to be effective
Concerns
- Banking the €70MM is not a certainty. I've reviewed previous EU innovation grants and about 93% of projects make it from "grant preparation" phase to signing (source: 30 of 32 signed & 15 of 16 signed). I don't know why projects failed at the last hurdle.
- Anode pricing & state of NG market is not recovering yet
- State of the EU battery manufacturing industry (a mess)
- Lack of news on Tal-Si (I think there is a possibility this is a fizzer)
WheresTheMonkey
Regular
Well well well and look what happened this morning LOL
cosors
👀
I will make a collection within this post with the news from the Swedish press in the coming days.
www.di.se
sverigesradio.se
At the beginning of April 2023, Talga was given the green light for open-pit mining of 120,000 tonnes of graphite ore annually, but the decision was appealed. Photo: Talga
31 okt, 2024
The Supreme Court announces that it has rejected an appeal against Australian Talga's environmental permit for a controversial graphite mine in Kiruna. The judgment means that Talga's environmental permit gains legal force and the Land and Environment Court of Appeal's decision thus stands.
Talga's CEO Martin Phillips comments on the announcement in a press release:
"We are extremely pleased with the successful completion of the environmental permit process. The anode project that Talga is now establishing in northern Sweden is crucial for Europe's energy transition and strategic material supply. We look forward to continuing to work in close dialogue with local communities throughout the implementation phase, to deliver sustainable, high-performance anode materials for the European battery industry."
The environmental permit, which also includes permits under the provisions for Natura 2000, was first granted by the Land and Environment Court at Umeå District Court in April 2023. The decision was appealed to the Land and Environment Court of Appeal, which decided not to grant leave to appeal, and then to the Supreme Court, which has now announced that the Land and Environment Court's decision stands. The environmental permit will gain legal force immediately.
Talga needs more permits to be able to put the shovel in the ground, but environmental permits are the largest, single decision for a mining operation.
According to Talga, about half of the active material in an electric vehicle battery is made up of graphite. Talga will manufacture anode material in Luleå using natural graphite from its own mining operations at Nunasvaara.
In a first step, the production of 19,500 tonnes of finished material per year is planned, which corresponds to about 270,000 electric vehicles per year. "
www.industrinyheter.se
and
www.metallerochgruvor.se
Our antis:
Today 14:19
According to the company, the environmental permit for the mine has gained legal force after the Supreme Court chose not to grant leave to appeal.
Not everything is yet ready for the mine to open. According to TT , Kiruna municipality has said no to the company's zoning plan.
Talga is said to have submitted a request for a planning order to the government."
and
www.swedbank-aktiellt.se
The mining company Talga has been given the green light for a graphite mine at Nunasvaara södra in Kiruna municipality. In a press release, it is written that the environmental permit gains legal force after the Supreme Court decided not to grant leave to appeal.
But not everything is quite in place.
"We are immensely pleased with the successful completion of the environmental permit process. The anode project that Talga is now establishing in northern Sweden is crucial for Europe's energy transition," says Talga's CEO Martin Phillips in a press release.
But not everything is ready. Kiruna municipality has said no to the mining company's detailed plan – the graphite mine is simply undesirable by the governing majority. Talga hopes to change that. A request for a planning order is on the government's table.
Which we have good hopes of getting through," says Cen Rolfsson, Talga's communications manager.
If Talga receives final approval, the company expects to have an anode factory up and running in Luleå, where the graphite will be shipped in 18-24 months.
About half of the active material in an electric vehicle battery consists of graphite.
The fact that battery manufacturer Northvolt is having problems is less important for Talga's plans. According to Cen Rolfsson, the company is in negotiations with about 40 different potential customers.
Read more: New permit from the Mining Inspectorate "
www.dn.se
omni.se
www.nyteknik.se
"Talga gets green light for controversial graphite mine
The mining company Talga gets the green light for a graphite mine at Nunasvaara södra in Kiruna municipality. In a press release, the company writes that the environmental permit has become legally binding after the Supreme Court decided not to grant leave to appeal." rbPW
Talga får grönt ljus för omdiskuterad grafitgruva
Gruvbolaget Talga får grönt ljus för en grafitgruva vid Nunasvaara södra i Kiruna kommun. I ett pressmeddelande skriver man att miljötillståndet vinner laga kraft efter att Högsta domstolen beslutat att inte meddela prövningstillstånd.
www.di.se
"Talga gets environmental licence for controversial graphite mine
- Talga has received an environmental permit for a graphite mine in Nunasvaara outside Vittagi.
- This after the Supreme Court rejected the request for review.
- According to the company, the environmental permit is the largest single decision for mining operations."
Klart: Talga får miljötillstånd för omdiskuterad grafitgruva - P4 Norrbotten
Talga har fått miljötillstånd för en grafitgruva i Nunasvaara utanför Vittagi.Det efter att Högsta domstolen avslagit begäran om överprövning. Enligt ...
"Thumbs up for Talga's graphite mine in Kiruna
31 okt, 2024
The Supreme Court announces that it has rejected an appeal against Australian Talga's environmental permit for a controversial graphite mine in Kiruna. The judgment means that Talga's environmental permit gains legal force and the Land and Environment Court of Appeal's decision thus stands.
Talga's CEO Martin Phillips comments on the announcement in a press release:
"We are extremely pleased with the successful completion of the environmental permit process. The anode project that Talga is now establishing in northern Sweden is crucial for Europe's energy transition and strategic material supply. We look forward to continuing to work in close dialogue with local communities throughout the implementation phase, to deliver sustainable, high-performance anode materials for the European battery industry."
The environmental permit, which also includes permits under the provisions for Natura 2000, was first granted by the Land and Environment Court at Umeå District Court in April 2023. The decision was appealed to the Land and Environment Court of Appeal, which decided not to grant leave to appeal, and then to the Supreme Court, which has now announced that the Land and Environment Court's decision stands. The environmental permit will gain legal force immediately.
Talga needs more permits to be able to put the shovel in the ground, but environmental permits are the largest, single decision for a mining operation.
According to Talga, about half of the active material in an electric vehicle battery is made up of graphite. Talga will manufacture anode material in Luleå using natural graphite from its own mining operations at Nunasvaara.
In a first step, the production of 19,500 tonnes of finished material per year is planned, which corresponds to about 270,000 electric vehicles per year. "
Tummen upp för Talgas grafitgruva i Kiruna
Högsta domstolen meddelar att man har avslagit överprövning av australiska Talgas miljötillstånd för en omdiskuterad grafitgruva i Kiruna. Domen innebär att Talgas miljötillstånd vinner laga kraft och mark- och miljööverdomstolens avgörande står därmed fast. Talgas koncernchef Martin Phillips...
Tummen upp för Talgas grafitgruva i Kiruna
Högsta domstolen meddelar att man har avslagit överprövning av australiska Talgas miljötillstånd för en omdiskuterad grafitgruva i Kiruna. Domen innebär att Talgas miljötillstånd vinner laga kraft och mark- och miljööverdomstolens avgörande står därmed fast. Talgas koncernchef Martin Phillips...
Our antis:
"Mining companies
Green light for graphite mine in Kiruna
The mining company Talga has been given the go-ahead for its graphite mine in Vittangi, which is located in Kiruna municipality.Today 14:19
According to the company, the environmental permit for the mine has gained legal force after the Supreme Court chose not to grant leave to appeal.
Not everything is yet ready for the mine to open. According to TT , Kiruna municipality has said no to the company's zoning plan.
Talga is said to have submitted a request for a planning order to the government."
and
Talgas miljötillstånd för ny grafitgruva vinner laga kraft (Finwire News) - Aktiellt
Aktiellt är en webbtidning för Swedbank och Sparbankernas värdepapperskunder. Här får du tillgång till marknadsinformation och dagliga analyser från Swedbanks experter.
"Green light for controversial graphite mine
Updated 12:49 p.m. Published 11:43The mining company Talga has been given the green light for a graphite mine at Nunasvaara södra in Kiruna municipality. In a press release, it is written that the environmental permit gains legal force after the Supreme Court decided not to grant leave to appeal.
But not everything is quite in place.
"We are immensely pleased with the successful completion of the environmental permit process. The anode project that Talga is now establishing in northern Sweden is crucial for Europe's energy transition," says Talga's CEO Martin Phillips in a press release.
But not everything is ready. Kiruna municipality has said no to the mining company's detailed plan – the graphite mine is simply undesirable by the governing majority. Talga hopes to change that. A request for a planning order is on the government's table.
Which we have good hopes of getting through," says Cen Rolfsson, Talga's communications manager.
If Talga receives final approval, the company expects to have an anode factory up and running in Luleå, where the graphite will be shipped in 18-24 months.
About half of the active material in an electric vehicle battery consists of graphite.
The fact that battery manufacturer Northvolt is having problems is less important for Talga's plans. According to Cen Rolfsson, the company is in negotiations with about 40 different potential customers.
Read more: New permit from the Mining Inspectorate "
Grönt ljus för omdiskuterad grafitgruva
Gruvbolaget Talga får grönt ljus för en grafitgruva vid Nunasvaara södra i Kiruna kommun.
www.dn.se
HD-dom öppnar för omstridd grafitgruva i Kiruna kommun
De omdiskuterade planerna på en grafitgruva i Nunasvaara i norra Lappland får grönt ljus. Gruvbolaget Talga meddelade i dag att Högsta domstolen har beslutat att inte meddela prövningstillstånd, vilket gör att tidigare beslut står fast.
Grönt ljus för omdiskuterad grafitgruva: ”Ofantligt glada”
Gruvbolaget Talga får grönt ljus för en grafitgruva vid Nunasvaara södra i Kiruna kommun. Miljötillståndet vinner laga kraft sedan Högsta domstolen beslutat att inte meddela prövningstillstånd. Men allt är inte riktigt i hamn.
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