@beserk, are you and/or your Swedish family looking to contact the SC tomorrow morning (Sweden time) to see whether an appeal has actually been lodged? Hearing an Australian accent, they may think I'm calling from TLG
Monkeymandan
Regular
The announcement on conclusion of the SC review will be THE biggest announcement in Talga’s history. The trigger for finalisation of funding and offtakes. A decade of work culminating in one word. ‘Go’.
So close now. Based on nothing in particular I don’t think we’ll be waiting long.
I just hope they can hold out for a CR until after they’re got the green light, debt finance packages are executed and we’re hopefully sitting closer to the $1.80 mark.
cosors
👀
My thought was just that I don't remember that ever officially announced what we already suspected for us. I'm not sure but I think I read that for the first time.
Monkeymandan
Regular
Here’s a summary outlining the next steps for the CRMA to enter into legal force.
All being well that would be March/April 24, so should coincide nicely with the expansion plan, whatever it looks like. Surely classified as a Strategic Project under the Act at that time, I have no doubt MT is going to go f*%king huge after this 3 year permit process.
The European Critical Raw Materials Act: A quick summary on what it does and when it’s coming
The European Critical Raw Materials Act (CRMA) - which is at the heart of the EU's effort to address critical raw materials strategic dependencies…www.lexology.com
Agreement was reached between the European Parliament and the Council on the Critical Raw Materials Act (CRMA) on Monday. Now it just needs rubber stamping, then will come into force early 2024.
Monkeymandan
Regular
What could turn out to be an important change for TLG is the addition of synthetic graphite to the list of critical raw/strategic materials (the latter I assume given it clearly isn’t a raw material). Any loophole to import unlimited synthetic just closed. Nice.Agreement was reached between the European Parliament and the Council on the Critical Raw Materials Act (CRMA) on Monday. Now it just needs rubber stamping, then will come into force early 2024.
The agreement includes that the list of critical and strategic raw materials will now become part of EU law, and adds aluminium and synthetic graphite to the list.
Proga
Regular
With regards to TLG's immediate future, the below is the most important sentence. I'd be shocked if TLG hasn't already been identified as a Strategic Project.
To strengthen the EU domestic capacities, the Commission with Member States will identify Strategic Projects along the value chain that will benefit from more streamlined, faster and more efficient permitting procedures as well as facilitated access to finance.
If you want to know what a AAM manufacturing plant looks like, take a look at the latest drone footage from SYR. Click on Vadalia construction update 26/10. Each machine at the start of the video in the spheriodisation build has to be individually calibrated. It may take 3-8 goes to get it right. After each attempt it needs to be tested. It's a slow process.
Latest News
A globally significant vertically integrated natural graphite and battery anode company, supplying battery and industrial markets with high quality, environmentally differentiated and customer qualified products.
www.syrahresources.com.au
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cosors
👀
These strategic projects have been allocated their own EU funding pot. I therefore thought that Talga could receive money from this. I'm not sure how long it will take for the new rules to be practically active and for someone to be able to apply. For me, when I first read it, this was a Talga best fit.
Here is a statement from Talga on the CRMA to the Swedish government.
...
"Talga also supports the intention to identify Strategic Projects, which would allow for improved access to funding and reliable authorisation processes with set timeframes and a single point of contact. European-based Strategic Projects should be prioritised over projects in third countries when appropriate and possible."
TLG Discussion 2022
What do you say to these two things that impressed me? I don't want it to go down in the bar after all. https://thestockexchange.com.au/threads/the-talga-bar.13637/post-314555 https://thestockexchange.com.au/threads/the-talga-bar.13637/post-314549
thestockexchange.com.au
That's clear enough for me. Of course Talga knows what it's about. Hence my thought about the 'only' 150M.
This time it would be pure funding from this pot. But I don't think the bureaucracy will work that quickly.
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Proga
Regular
The decision now needs has to be ratified before coming into effect in early 2024. However, there could already be movement behind the scenes to hit the ground running. There is no argument the EU is a long way behind and needs to move quickly. They just needed the framework and legislation to do so but that doesn't mean the checks and balances (paper work) doesn't need to be completed.These strategic projects have been allocated their own EU funding pot. I therefore thought that Talga could receive money from this. I'm not sure how long it will take for the new rules to be practically active and for someone to be able to apply. For me, when I first read it, this was a Talga best fit.
Here is a statement from Talga on the CRMA to the Swedish government.
...
"Talga also supports the intention to identify Strategic Projects, which would allow for improved access to funding and reliable authorisation processes with set timeframes and a single point of contact. European-based Strategic Projects should be prioritised over projects in third countries when appropriate and possible."
TLG Discussion 2022
What do you say to these two things that impressed me? I don't want it to go down in the bar after all. https://thestockexchange.com.au/threads/the-talga-bar.13637/post-314555 https://thestockexchange.com.au/threads/the-talga-bar.13637/post-314549
That's clear enough for me. Of course Talga knows what it's about. Hence my thought about the 'only' 150M.
This time it would be pure funding from this pot. But I don't think the bureaucracy will work that quickly.
There are a lot of competing interests. Surprisingly with the DOE loans program office there wasn't. They're struggling to loan out all the money before the next election.
cosors
👀
There have been reports on this topic in general over the last few days. It was about the upcoming budget. One sensible voice said that the amount did not need to be increased. ~ A lot more doesn't help more. Instead the funds that were not requested or siphoned off should simply be reallocated to where it is necessary and more sensible. The problem also exists at national level. That funding programmes exist, but are often not utilised because bureaucracy gets in the way.
I am not involved in these Strategic Projects topic. I don't know what the catalogue of requirements looks like. I don't even know whether the first drafts are already available so that applicants can prepare now to be among the first when the regulations come into force. I can imagine that the portal for applications will only be activated once the regulations have come into force.
What speaks against this a little is that here in Germany there was a subsidy programme for EVs in conjunction with solar systems. The funding pot or the portal was activated and within less than 24 hours all the money had been allocated and the portal was temporarily unavailable. In this particular case the requirements were perhaps apparent beforehand. So I assume that the applicants knew in advance exactly what the requirements for completing the application were. Or it was designed in such a way that it acted as a placeholder and the actual paperwork only took place afterwards. But this national funding programme is very different from those at EU level, I assume because it was for citizens. But as I said, I'm not familiar with it.
I assume that Talga is well prepared to get money for these strategic projects. Who knows, maybe the Talnode Si plant could be financed with it? That was a thought of mine.
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Monkeymandan
Regular
I’ve had a bit more communication with the Court. See below exchange - court responses in italic.
This would put the window for a decision re Leave to Appeal anywhere between 28 October and 28 January 24 (or let’s say early Feb due to the Christmas break), although the 1-4 month timeframe is obviously caveated.
Translation by Google.
———
Hello
Our processing time for the issue of leave to appeal is generally between one and four months.
Unfortunately, we cannot provide more information about the handling of the case.
Sincerely
—————
Hi
Thanks for the response.
Does the 1-4 months processing time count from the date appeals had to be submitted by (28 September), or from the date appellants were given to submit additional information by (25 October)?
Thank you.
——————-
Hello,
It is counted from the day the case was brought to the court.
Sincerely
——————
Hello
Thank you. So that is from 28 September?
Sincerely
—————
Hello
Yes exactly.
However, the processing time may be longer than that, but our goal is that a decision on leave to appeal should be ready within that time.
Sincerely
——————
DYOR.
Opinions only as always.
This would put the window for a decision re Leave to Appeal anywhere between 28 October and 28 January 24 (or let’s say early Feb due to the Christmas break), although the 1-4 month timeframe is obviously caveated.
Translation by Google.
———
Hello
Our processing time for the issue of leave to appeal is generally between one and four months.
Unfortunately, we cannot provide more information about the handling of the case.
Sincerely
—————
Hi
Thanks for the response.
Does the 1-4 months processing time count from the date appeals had to be submitted by (28 September), or from the date appellants were given to submit additional information by (25 October)?
Thank you.
——————-
Hello,
It is counted from the day the case was brought to the court.
Sincerely
——————
Hello
Thank you. So that is from 28 September?
Sincerely
—————
Hello
Yes exactly.
However, the processing time may be longer than that, but our goal is that a decision on leave to appeal should be ready within that time.
Sincerely
——————
DYOR.
Opinions only as always.
Thanks MMD (aka Sherlock), much appreciated! Cheers
Great work, much appreciated. Very good chance we will get a decision before Xmas. That is almost 3 months in.
There did not seem to be an appeal against any points of law and MT said the original case Judge told them not to appeal. The appeal is just another delaying tactic which gives them a little more public exposure
WheresTheMonkey
Regular
This "supplemental information" thing is a bit of a worry.
Do we know if the Court asked for this information or did the NIMBY's decide that some additional information would bolster their case ?
It was for the NIMBYs to provide more information which in fact was allowed up to and received on 3 November. This was noted in the listing of documents provided to the Court as I understand.
Appears to be the way things work in Swedish law. Ask for more time and you shall receive.
Appears to be the way things work in Swedish law. Ask for more time and you shall receive.
Monkeymandan
Regular
Yes that’s my understanding of it - the court didn’t request additional information per se, I think the appellant's appeal just stated ‘we are appealing but require more time to compile our evidence’, or something to that effect, and the court granted them the additional time. Which is absolute bullshit, but here we are!
What I would do for the announcement this week…
WheresTheMonkey
Regular
OK thanks, I was not quite sure of it. If the Court had requested supplemental information that would have been cause for concern.
