Media

[cosors]

What other players have filled that spot?
I've struggled to find other companies selling additives in mass. I went looking after reading this comment on HC:

https://hotcrapper.com.au/threads/a...ject-status.8508726/page-103?post_id=78652516

It's kind of a catch 22. Either other players have moved in to fill that spot, or they haven't and that's because there's something fundamentally challenging that's so far prevented it from happening?

I encourage anyone who's well researched on this to share their 2c, if you would like to help me out.

_____________

That aside, I really want to see a concrete offtake/supply agreement to be put at ease and know these customers mean business.
We've been hearing "We have very high customer interest and demand continues to grow" for multiple years now. If that can't be converted into sales then it loses all meaning.

Maybe search here for Sila or Group14 (silicon coated).

Solid state (post at HC) is something that has been talked about solidly for many years, there have been countless announcements of breakthroughs. I'll believe it when I see it. I'm probably one of the least knowledgeable of us on the subject, but we only need to skim what's written here to get an idea. As far as I know, the increase in volume is the crucial problem. And I seem to remember that roller wear is enormous and therefore production costs are very high.
But that is only half knowledge, but practically worth as much as the sensational announcements of great breakthroughs.
CATL wanted to deliver go into production last year at the latest. The world has heard nothing more since then, except for Sodium as the next story.
What about Quantumscape?

Oh, I forgot, it's not that I have no idea, it's that I know what I'm talking about, having worked in the industry for many years. I almost forgot about that. My Quantumscape shirt is still lying around somewhere

I'm only joking. Please don't take this seriously.
I think it's a lot simpler than most people think. In the end, the price decides what is possible in which product.
I'm curious to see whether solid state, if it ever becomes commercially available, will be able to recoup the billions in research money that have been burnt so far, or whether it will only be for the premier league and show what is possible when costs don't play a role.

____
I think the packaging and casing/housing of the cells alone, with the thousands of charging cycles and thus increase in volume, is a challenge which, apart from the breakthroughs in chemistry, is reported little or nothing at all. Why not?

 

[blondeaussie]

What other players have filled that spot?
I've struggled to find other companies selling additives in mass. I went looking after reading this comment on HC:

https://hotcrapper.com.au/threads/a...ject-status.8508726/page-103?post_id=78652516

It's kind of a catch 22. Either other players have moved in to fill that spot, or they haven't and that's because there's something fundamentally challenging that's so far prevented it from happening?

I encourage anyone who's well researched on this to share their 2c, if you would like to help me out.

_____________

That aside, I really want to see a concrete offtake/supply agreement to be put at ease and know these customers mean business.
We've been hearing "We have very high customer interest and demand continues to grow" for multiple years now. If that can't be converted into sales then it loses all meaning

Tim, yes we have a concrete batching plant onsite, but I think they should maintain the focus on graphite mining and anode production. I'm sure once our plant is built it could be utilised to help others build in the Lulea Industrial Park.

 

[Tim]

Tim, yes we have a concrete batching plant onsite, but I think they should maintain the focus on graphite mining and anode production. I'm sure once our plant is built it could be utilised to help others build in the Lulea Industrial Park.

Haha, agreed. That took me a moment

 

[Manual]

Talga Group signs multi-year offtake deal with Nyobolt for Talnode-C graphite anode

Sustainable battery materials developer Talga Group (ASX: TLG) has signed a binding offtake agreement with UK-based Nyobolt for a multi-year supply of the

smallcaps.com.au

Talga Group signs multi-year offtake deal with Nyobolt for Talnode-C graphite anode​

By Colin Hay - May 14, 2025

Sustainable battery materials developer Talga Group (ASX: TLG) has signed a binding offtake agreement with UK-based Nyobolt for a multi-year supply of the company’s unique Talnode-C graphite anode.

Talga will supply Nyobolt, a global leader in ultra-fast battery charging technologies, from its Vittangi anode project in Sweden.

Under the offtake agreement, Nyobolt has committed to purchasing approximately 3,000 tonnes of Talnode-C for an initial term of four years commencing from 13 May 2025.

Validation of Talnode-C​

Talga Group chief executive officer Martin Phillips said the deal validated Talnode-C as a feedstock for its proprietary fast-charging battery technology in the wake of the European Commission designating Talga’s natural graphite mine and anode refinery operations as “strategic projects”.

“This agreement marks a significant milestone in Talga’s mission to deliver sustainable, high-power anode materials to the global battery market,” Mr Phillips said.

“[It] also underpins the start of commercial sales and follows extensive qualification and validation in exciting high-power applications that are subject to high-growth market demand.”

High-grade natural graphite​

Talnode-C is made from Talga’s unique Swedish high-grade natural graphite and proprietary coating processes to offer an industry-leading, low-emission active anode material made using renewable energy.

Talga’s electric vehicle anode demonstration plant in Luleå will provide the initial supply to Nyobolt and the company will supply the balance from the commercial plant it plans to start building in Luleå from 2026, subject to final investment decision.

Talga is currently engaging with a number of other targeted high-value customers to secure purchase commitments for remaining Talnode-C production capacity to support the development of the Vittangi anode project.

Range of applications​

Nyobolt deploys its systems in a growing range of applications including high-performance and heavy-duty vehicles, AI warehouses and data centres.

Chief executive officer Dr Sai Shivareddy said the partnership with Talga is a strategic pillar in his company’s globally diversified sourcing approach.

“Nyobolt is evolving rapidly as more customers seek high performance and maximum uptime for a growing range of power-intensive applications.”

 

[Semmel]

Talga and Nyobolt Sign Strategic Fast-Charging Battery Agreement

Talga Group and Nyobolt's graphite anode agreement enhances fast-charging battery technology for European markets.

discoveryalert.com.au

here is an interesting article. Interesting for multiple reasons. Mark linked it on his twitter, which gives this article somewhat of a legitimacy and stamp of approval. Of course, that doesnt mean Mark agrees with everything written in it, but its at least some indication. This is an important point because that article contains some information that is either totally fabricated or based on some knowledge we are not privy to.

1. The article reads that the EVA plant has a capacity of 500 tpa. I stated the same number earlier today but that was total guesswork on my part. However, here, it is stated as fact and published by an ASX Ann in 2024. I dont remember that Ann. That might be because my brain is sort of fried right now with work and family, but ... well, if someone finds the Ann in question that would be good. In any case, I was under the impression that we dont know the true capacity of the EVA plant. Well, even if that 500 tpa is true, it doesnt mean Talnode-C is produced economically with it. Most likely not. But it is an interesting piece of information.

2. It names an offtake price of $15k/t. Assuming USD here (not specified in the article). That is quite a bit higher than expected. Again, they write "assumign".. however, why assume such a high price if you dont have information to the effect that its going to be higher than the DFS price (which was $12k/t)? I dont know, it seems.. dubious. The article is not bad. If it was, I wouldnt trust it in the first place, but .. with Mark citing it and otherwise being quite a good article in my opinion.. it seems there is more to it than "we made stuff up". Maybe but.. hmm, thinking out loud here.

If the numbers in the article are actually true and the first shipment of Talnode-C is under way to Nyobolt.. we might not need a CR after all, which.. if this turns out to be true would light a fire under the share price. Fingers crossed.

 

[curiousmagpie]

Talga and Nyobolt Sign Strategic Fast-Charging Battery Agreement

Talga Group and Nyobolt's graphite anode agreement enhances fast-charging battery technology for European markets.

discoveryalert.com.au

here is an interesting article. Interesting for multiple reasons. Mark linked it on his twitter, which gives this article somewhat of a legitimacy and stamp of approval. Of course, that doesnt mean Mark agrees with everything written in it, but its at least some indication. This is an important point because that article contains some information that is either totally fabricated or based on some knowledge we are not privy to.

1. The article reads that the EVA plant has a capacity of 500 tpa. I stated the same number earlier today but that was total guesswork on my part. However, here, it is stated as fact and published by an ASX Ann in 2024. I dont remember that Ann. That might be because my brain is sort of fried right now with work and family, but ... well, if someone finds the Ann in question that would be good. In any case, I was under the impression that we dont know the true capacity of the EVA plant. Well, even if that 500 tpa is true, it doesnt mean Talnode-C is produced economically with it. Most likely not. But it is an interesting piece of information.

2. It names an offtake price of $15k/t. Assuming USD here (not specified in the article). That is quite a bit higher than expected. Again, they write "assumign".. however, why assume such a high price if you dont have information to the effect that its going to be higher than the DFS price (which was $12k/t)? I dont know, it seems.. dubious. The article is not bad. If it was, I wouldnt trust it in the first place, but .. with Mark citing it and otherwise being quite a good article in my opinion.. it seems there is more to it than "we made stuff up". Maybe but.. hmm, thinking out loud here.

If the numbers in the article are actually true and the first shipment of Talnode-C is under way to Nyobolt.. we might not need a CR after all, which.. if this turns out to be true would light a fire under the share price. Fingers crossed.

Article looks like AI slop

EVA plant capacity has never been confirmed publicly.
There is no asx announcement in 2024 that says 500tpa, AI hallucinated it.

Mark once alluded to it being equivalent to one production line of the 3 that was planned in Vittangi, implying 6000tpa for anyone paying attention. This was obviously not true and I think misleading. This is where the idea that the EVA can be generating money has got inside the heads of holders. He confirmed in the webinar that it can’t produce at a scale that is profitable, so anything done for this offtake will only be used to satisfy the terms while they wait until 2028-29 for Vittangi to come online. Don’t hold out that it’s an early money making exercise. It’s not.

 

[Gvan]

Article looks like AI slop

EVA plant capacity has never been confirmed publicly.
There is no asx announcement in 2024 that says 500tpa, AI hallucinated it.

Mark once alluded to it being equivalent to one production line of the 3 that was planned in Vittangi, implying 6000tpa for anyone paying attention. This was obviously not true and I think misleading. This is where the idea that the EVA can be generating money has got inside the heads of holders. He confirmed in the webinar that it can’t produce at a scale that is profitable, so anything done for this offtake will only be used to satisfy the terms while they wait until 2028-29 for Vittangi to come online. Don’t hold out that it’s an early money making exercise. It’s not.

"Mark once alluded to it being equivalent to one production line of the 3 that was planned in Vittangi, implying 6000tpa for anyone paying attention. This was obviously not true and I think misleading."

You're incorrect. The actual quote was:

"The EVA plant, the little bits of mechanical kit and ovens, represents about one-third of one of these lines, so we’re just expanding that."

One-third of one of these lines is not the same as one production line out of the three.

 

[curiousmagpie]

"Mark once alluded to it being equivalent to one production line of the 3 that was planned in Vittangi, implying 6000tpa for anyone paying attention. This was obviously not true and I think misleading."

You're incorrect. The actual quote was:

"The EVA plant, the little bits of mechanical kit and ovens, represents about one-third of one of these lines, so we’re just expanding that."

One-third of one of these lines is not the same as one production line out of the three.

Thanks for the correction. I’ve seen the “one of three” repeated elsewhere so I can’t be the only one that thought that.

Therefore he was alluding to the EVA capacity being around 2000tpa.
Where does 500t come from?
Back in 2020 in asx releases Talga were talking about it being 100-200tpa. Lots of conflicting information out there.

Whats your insight Gvan?

 

[curiousmagpie]

Also for anyone paying attention - Gvan is clearly the most knowledgeable Talga non-insider around. This is my first correction from him.
I’ll take that as a tacit endorsement that everything else I’ve said it broadly correct.

 

[DAH]

Also for anyone paying attention - Gvan is clearly the most knowledgeable Talga non-insider around. This is my first correction from him.
I’ll take that as a tacit endorsement that everything else I’ve said it broadly correct.

Rest easy Magpie as we all pay attention to GVAN (and are very grateful to them). I just took you off ignore to see who GVAN was referring to - so surprised to see its you

And don't make the assumption you're otherwise correct, as the jury is still out and it's not looking good for your position.

You've been very vocal in your believe that Talga cannot get anywhere near DFS pricing for Tal-C, and therefore no parties are willing to fund the project as it's not economically viable.

We shouldn't need to wait too much longer to see this concluded. I don't like your chances.

Back on ignore...

 

[Gvan]

Thanks for the correction. I’ve seen the “one of three” repeated elsewhere so I can’t be the only one that thought that.

Therefore he was alluding to the EVA capacity being around 2000tpa.
Where does 500t come from?
Back in 2020 in asx releases Talga were talking about it being 100-200tpa. Lots of conflicting information out there.

Whats your insight Gvan?

Yes, there is conflicting information, likely due to situations changing as the multi-year story unfolds.

Mark has spoken in the past about auto customers possibly needing 1 to 10 tons, per sample, over 6-12 months for the larger scale testing. Previous presentations showed Talga had upwards of 48 customers trialing the anode, 11 of which were automotive.

We can probably use that to roughly estimate the EVA plant’s output, depending on how many customers are at the A, B, or C-sample testing stage.

Talga’s first run of trial mining in 2016 led to ~5k tons of graphite ore stockpiled. When talking about the importance of the second trial mine, Mark stated that they currently only have enough left for 500 tons of anode, unsure if that would be enough for the amount of customer trials.

At the same time, Mark answered this question at 38:30 in the recent webinar. The EVA plant is not a commercial scale plant. Does that status change in any way once Talga's 19.5ktpa is fully committed under multi-year, binding contracts? Will customer trials continue at the same intensity, or will plant capacity be freed up to make initially supplying Nyobolt worthwhile? Perhaps some questions for the next webinar.

 

[Semmel]

Talga’s first run of trial mining in 2016 led to ~5k tons of graphite ore stockpiled. When talking about the importance of the second trial mine, Mark stated that they currently only have enough left for 500 tons of anode, unsure if that would be enough for the amount of customer trials.

Thx for helping to piece this together!

The 500t anode stockpile is off the first trail mine, not the stockpile of the second one, correct? Do you remember how much ore we have there? I remember it was significantly more than the first, and especially significantly more than 500t anode left.

To add, I would love to see offtake agreements with significantly more dollars per tonne than in the DFS but I have a hard time imagining that. I don't have a negative view on talga in case you are wondering, but it could be just about profitable with $8k/t. Not a great business but it can survive on that. So that's why I think customers will push talga to that limit. I sincerely hope it's otherwise but my hopes and dreams have been disappointed so many times, I prefer a pessimistic view until proven otherwise.

 

[Manual]

Thx for helping to piece this together!

The 500t anode stockpile is off the first trail mine, not the stockpile of the second one, correct? Do you remember how much ore we have there? I remember it was significantly more than the first, and especially significantly more than 500t anode left.

To add, I would love to see offtake agreements with significantly more dollars per tonne than in the DFS but I have a hard time imagining that. I don't have a negative view on talga in case you are wondering, but it could be just about profitable with $8k/t. Not a great business but it can survive on that. So that's why I think customers will push talga to that limit. I sincerely hope it's otherwise but my hopes and dreams have been disappointed so many times, I prefer a pessimistic view until proven otherwise.

Semmel,
Isn’t the answer 27,000 tonnes of ore?

 

[Semmel]

Semmel,
Isn’t the answer 27,000 tonnes of ore? View attachment 84515

Ahh yes, so I was right