Sweden, home of TLGs graphite mine(s)
- Thread starter Semmel
- Start date
cosors
👀
"Answer to question 2025/26:443 B* L* (V)* Compensation to local communities when establishing mining operations
B* L* has asked me how I intend to ensure that profits and costs from new mining projects are distributed in a way that does not disadvantage the residents of Kiruna. For the Government, and based on the global situation, access to minerals and metals is necessary and crucial for Swedish and European competitiveness and resilience. The Swedish mining industry is therefore a fundamental prerequisite for strengthening Sweden's defence capabilities, but also for climate change and electrification. The availability of minerals such as graphite is particularly crucial for green technology in areas such as electric cars. According to several sources, demand for minerals and metals will increase in the future, so it is important to increase domestic production to secure the supply of raw materials in the coming years.
The Swedish mining industry and Swedish suppliers are also world leaders and role models internationally, which benefits the environment and social development globally. Climate-smart Swedish operations also mean that increased production here leads to reduced emissions globally. At the same time, mining projects must be handled with great care and consideration. To ensure that the environment is protected, regular inspections of mining operations are carried out by supervisory authorities. These inspections help to prevent and counteract environmental impact. The reported employment for mines in 2024 amounted to 8,847 people, with the majority of jobs located in the municipality. The Swedish mining cluster contributes a large proportion of direct and indirect jobs in Sweden, thereby generating a significant tax base for municipalities such as Kiruna. Talga states that its operations are expected to generate tax revenues of approximately SEK 11 million, two-thirds of which will go to the municipality of Kiruna.
In addition to existing distribution principles, the government has decided on a supplementary directive to the Acceleration Office with the task of analysing what incentives municipalities have to attract and receive large business establishments and business expansions that are important for the Swedish economy, competitiveness and climate change. The Acceleration Office is to submit an interim report by 14 May 2026 at the latest.
Finally, it is important to note that the government always strives to achieve as broad a consensus as possible before making decisions. Stockholm,
4 February 2026
Ebba Busch"
* Vänsterpartiet is a political party represented in the Swedish Riksdag that advocates socialist positions.
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blondeaussie
Regular
cosors
👀
"...
Extension of the letter of intent with Talga
It is proposed that the municipal council approve an extension of the letter of intent with Talga AB until a land allocation agreement is concluded or until December 31, 2028, at the latest.
The municipality and Talga had previously signed a letter of intent regarding a possible future expansion of Talga AB's business operations in the Luleå/Hertsöfältet industrial area, which was valid until December 31, 2025. Talga wishes to extend the letter of intent as the project schedule has been delayed due to approval procedures and market changes.
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Extension of the letter of intent with Talga
It is proposed that the municipal council approve an extension of the letter of intent with Talga AB until a land allocation agreement is concluded or until December 31, 2028, at the latest.
The municipality and Talga had previously signed a letter of intent regarding a possible future expansion of Talga AB's business operations in the Luleå/Hertsöfältet industrial area, which was valid until December 31, 2025. Talga wishes to extend the letter of intent as the project schedule has been delayed due to approval procedures and market changes.
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cosors
👀
Now Talga is even being called a parasite in this socialist newspaper:
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Norrbotten is probably heavily infested with parasites. Enough is enough! Resistance is growing.
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www.nsd.se
What does our board member from this party have to say about this?
Silence.
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Norrbotten is probably heavily infested with parasites. Enough is enough! Resistance is growing.
..."
INSÄNDARE: Norrbotten är nog mycket parasiterat
Gruvmotståndet i Norrbotten växer till en folkresning, skriver Tor Lennart Tourda.
What does our board member from this party have to say about this?
Silence.
curiousmagpie
Regular
“everyone wants this project to succeed”
curiousmagpie
Regular
Industrial accellerator act delayed again. EU can't be relied on, Sweden can't be relied on. how does this project proceed under these conditions?
resourceeu cannot be relied on at all until there is a black and white positive development
what is there to be positive about with any of this at the moment? where is the next good news coming from? @Gvan any thoughts?
assume no overseas expansion news until the FEED study is done if alt locations are a duplication of this
is there anyone else still reading this forum?
The IAA is a major legislative change, which has understandably created some friction between member states. I believe they’ll iron it out shortly by opting for a “Made with EU” rather than a “Made in EU” approach. This means Talga will have competition from Korea and Japan, but considering where we are right now, this is still a massive positive for Talga.
That said, the IAA should really only be looked at for Talga’s future expansions beyond the initial line, so a one week delay should be met with a shrug. I wouldn't be looking at the IAA as a near-term catalyst to bolster the share price - This is only the legislative proposal; it still needs to follow a similar course to the CRMA (which, if you recall, had several decisions before eventually being published in the Official Journal). It is a drawn-out process, but the timing works well for Talga by driving demand for expansion beyond 5ktpa. The legislation short-term will not do much for us, but long term it could definitely be company-making.
REsourceEU is already adopted and should be viewed as more imminent, especially considering what stage Talga is in compared to other battery-grade graphite strategic projects.
The company has already drilled out and defined the resource, become fully permitted, developed downstream technology critically lacking in the West, completed multi-year customer qualification programs, and received a strong viability rating under the UNFC framework, which is specifically linked to the CRMA in order to aid with financing decisions.
Everything is largely in place except the financing.
What does Talga look like to the EU after the IL budget ran empty? A tier-one strategic project ready to go to market, but underfunded. This is exactly the type of situation RESourceEU was established to address.
Therefore, we should still expect support. The fact that the company did not receive support from the IL program actually strengthens the case. The EU is looking for projects that are “sure things,” and I don’t believe there’s a better graphite strategic project. Logically, they’re going to back Talga before an African resource still developing its anode technology, or any of the novel approaches to graphite production (even if the EU loves an innovation project, however unnecessary).
In the meantime, the company is still progressing FEED and still has a decent runway to secure favourable financing before it’s completed.
curiousmagpie
Regular
do you see financing / partner in place before the FEED is completed?
can those decisions be made without knowing the tighter estimate of capital required and operation costs that it will provide?
the rest of the EU things there might be good for talga in 2030 but the thing needs some kind of life support right now and I can't see where that is coming from that values the business anywhere near where it should be
I think it would be wise for Talga to wait and see what support they receive from ResourceEU before any strategic party comes in, as it could substantially narrow their funding gap and improve their negotiation position. A strategic partner could come on board before the engineering is complete, but of course would be conditional on that outcome.
Mark mentioned the team meeting in Brussels regarding ResourceEU. This would likely be under the CRM financing hub, which is part of the ResourceEU action plan. It allows coordination between different EU financing instruments. These differing "pillars" would likely all be well aware of Talga's timeline, funding shortfall, and the negative impact that delays could have on the company's existing and imminent agreements.
“The Commission will set up a CRM financing hub to coordinate strategically funding support, provide technical assistance to project promoters and national administrations and accelerate projects development. The financing hub will bring together different pillars to provide support to relevant projects along the value chain, with a specific emphasis on recycling, and different levels of technological maturity (from innovation to market deployment):
• InvestEU provides critical de-risking capacity for CRM projects along the value chain. The Commission expects to mobilise around EUR 2 billion in additional Critical Raw Materials related investments in the 2026-2027 period, including thanks to the reinforcement of the InvestEU omnibus.
• In addition, the Innovation Fund will support innovative projects along the CRMs value chain: the 2025 call will dedicate EUR 1 billion to clean tech manufacturing with a strong emphasis on strengthening CRMs value chains for clean tech applications in the EU, such as for rare earths permanent magnets and batteries.
• The Battery Booster, with an envelope of EUR 1.8 billion, will also be designed to fund CRMs projects crucial to the battery value chain, notably lithium, cobalt, nickel, manganese and graphite, for up to EUR 300 million.
• Given their importance for the defence industry, the Commission will work with the Member States to integrate critical raw materials as a priority area in the context of the Security of Supply regime and funding priorities for the upcoming European Defence Industry Programme.”
Page 4: https://single-market-economy.ec.europa.eu/document/download/01c448d6-dc93-40d7-9afe-4c2af448d00c_en
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