cosors
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Ann: Talga and SQM enter lithium partnership agreement in Sweden
Talga Updates and Discussion thread
- Thread starter Semmel
- Start date
cosors
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Talga appoints Eva Nordmark as Chair of Swedish Board
cosors
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ASX Release ASX:TLG
24 July 2024
Talga Investor Webinar
Battery materials company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) advises that it will host an Investor Webinar on Thursday 1 August at 10:30am AWST / 12:30pm AEST.
For the webinar and associated presentation, Talga’s Managing Director Mark Thompson will provide an update on the Company’s Vittangi Anode Project and its recent corporate activities, followed by a Question and Answer (Q&A) session. Questions can be lodged online during the webinar or submitted ahead of time via email at info@talgagroup.com.
A recording of the webinar will be available on the Company’s website shortly after the session. To join the webinar, please register online at:
www.talgagroup.com
24 July 2024
Talga Investor Webinar
Battery materials company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) advises that it will host an Investor Webinar on Thursday 1 August at 10:30am AWST / 12:30pm AEST.
For the webinar and associated presentation, Talga’s Managing Director Mark Thompson will provide an update on the Company’s Vittangi Anode Project and its recent corporate activities, followed by a Question and Answer (Q&A) session. Questions can be lodged online during the webinar or submitted ahead of time via email at info@talgagroup.com.
A recording of the webinar will be available on the Company’s website shortly after the session. To join the webinar, please register online at:
Talga Group Investor Webinar - February 2024
www.talgagroup.com
curiousmagpie
Regular
There it is. Placement / Cap raise.
The SC has dealt them a bad hand, but can we agree that the company has played this hand very poorly?
The SC has dealt them a bad hand, but can we agree that the company has played this hand very poorly?
WheresTheMonkey
Regular
Yeah, I just wish they did it 2 weeks ago. Seems they couldn't keep it above the required 2 quarters cash remaining. Anyway we'll find out Wednesday
cosors
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Talga Group Ltd (ASX: TLG) – Trading Halt
Description
The securities of Talga Group Ltd (‘TLG’) will be placed in trading halt at the request of TLG, pending it releasing
an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of
the commencement of normal trading on Tuesday, 30 July 2024 or when the announcement is released to the
market.
Description
The securities of Talga Group Ltd (‘TLG’) will be placed in trading halt at the request of TLG, pending it releasing
an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of
the commencement of normal trading on Tuesday, 30 July 2024 or when the announcement is released to the
market.
anodepirate
Emerged
I don't agree. Everything is easy to figure out afterwards. Of course, with today's knowledge it would have been better to raise double the amount during the previous CR. But if they had done that and the court's ruling had come in this week, everyone would have been angry because Talga issued too many shares at too low a price.
I am convinced that Talga and Mark have done everything they can to handle this well, it is simply bad luck that the legal system in Sweden is so rotten. If the incoming capital helps us to bridge the coming period well, then there is no problem in the long term. The appeals are rejected with 98% certainty based on historical results, from there the financing from the EIB, among others, comes through and the world looks very different. With 420 million shares outstanding (in the case of an additional 40 million to be issued), Talga still has a relatively low amount of shares in circulation.
Some people may be too positive here, but it's clear that you're on the extremely negative end of the spectrum. Both are unrealistic and I wonder what your motivations are for this.
Semmel
Top 20
Self note/off topic:
Previous attempts to establish this thread as Updates only, without discussion failed about 50% of the time (like this time) and without the power to police this thread effectively (in form of moving posts from here to the Discussion thread), its time to conclude that this idea doesnt work in our community. No matter how much positive feedback there was last time I posed the question. The "Updates only" part breaks essentially every time something happens where people want to engage.
Dont get me wrong, its not good nor bad, it was an experiment after all. I prefer the community does things naturally without putting everything in shape artificially. Now back to our regular program of discussing the CR.
Previous attempts to establish this thread as Updates only, without discussion failed about 50% of the time (like this time) and without the power to police this thread effectively (in form of moving posts from here to the Discussion thread), its time to conclude that this idea doesnt work in our community. No matter how much positive feedback there was last time I posed the question. The "Updates only" part breaks essentially every time something happens where people want to engage.
Dont get me wrong, its not good nor bad, it was an experiment after all. I prefer the community does things naturally without putting everything in shape artificially. Now back to our regular program of discussing the CR.
Semmel
Top 20
Quarterly Activities and Cashflow Report 30 June 2024 29.07.2024 Quarterly Reports Corporate
Time to read the QR ..
Time to read the QR ..
Semmel
Top 20
Loyalty Options Prospectus
First up, THANK YOU Talga for extending the reach on the options distribution to outside Australia and New Zealand. As we never can participate in offers and the spread on shares is much larger here than in Australian market (we basically pay 3 to 5% extra in each buy and get 3 to 5% less in each sell), this is very much appreciated!
It obviously means that Talga has decided that in a year from now, the company gets diluted by up to 12.5% at 0.55AUD a share. Thats like the most recent offer, but in the future. All we can do is buy these shares at that point to the given price. If the share price is above the 0.55AUD at the time, its worth it either in coughing up the money directly or selling shares and increasing the owned volume by the difference. If the share price is much higher, this means that Talga gets relatively less money for the dilution. If the share price is close to 0.55AUD, its nearly no impact compared to a normal offer and if its below 0.55 AUD, they expire pretty much worthless.
Its a gamble. For each individual share holder, its obviously in their personally best interests to have these options and exercise them when the time comes. I imagine one can do that before the expiry date too. Globally, one wants the opposite and minimize the dilution at a suppressed level. Its an interesting conundrum we have here.
Anyway, best of luck to everyone! Especially Talga and again, thank you very much to go through that trouble.
First up, THANK YOU Talga for extending the reach on the options distribution to outside Australia and New Zealand. As we never can participate in offers and the spread on shares is much larger here than in Australian market (we basically pay 3 to 5% extra in each buy and get 3 to 5% less in each sell), this is very much appreciated!
It obviously means that Talga has decided that in a year from now, the company gets diluted by up to 12.5% at 0.55AUD a share. Thats like the most recent offer, but in the future. All we can do is buy these shares at that point to the given price. If the share price is above the 0.55AUD at the time, its worth it either in coughing up the money directly or selling shares and increasing the owned volume by the difference. If the share price is much higher, this means that Talga gets relatively less money for the dilution. If the share price is close to 0.55AUD, its nearly no impact compared to a normal offer and if its below 0.55 AUD, they expire pretty much worthless.
Its a gamble. For each individual share holder, its obviously in their personally best interests to have these options and exercise them when the time comes. I imagine one can do that before the expiry date too. Globally, one wants the opposite and minimize the dilution at a suppressed level. Its an interesting conundrum we have here.
Anyway, best of luck to everyone! Especially Talga and again, thank you very much to go through that trouble.
cosors
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Semmel
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Answer to question 2023/24:1100 Talga's letter to the government
The question has been submitted
Events
Submitted 2024-09-03
Surrendered 2024-09-04
Reported 2024-09-05
Response date 2024-09-11
Last date of reply 2024-09-11
Answered 2024-09-11
to Minister of Energy and Industry Ebba Busch (KD)
Answer to question 2023/24:1100 by Isak From (S)
Talga's letter to the government
Isak From has asked the Minister of Energy and Industry if she and the government intend to take any initiatives in connection with Talga's letter to the government.
The work within the government is so divided that it is I who will answer the question.
Talga AB has submitted a letter stating that the government, with the support of ch. 11 Section 15 of the Planning and Building Act (2010:900) must order Kiruna municipality to adopt a new detailed plan through a so-called planning order to enable the mining of graphite, which is a strategic raw material used for the manufacture of anodes for lithium-ion batteries.
The government shares Talga AB's and Isak From's attitude that the establishment of new mines - not least those that can contribute to the green transition and strengthen Sweden's competitiveness - is an important issue for Sweden's economy as well as for the environment.
Talga AB's letter on planning injunction is currently being prepared within the Government Office.
Stockholm on 11 September 2024
The question has been submitted
Events
Submitted 2024-09-03
Surrendered 2024-09-04
Reported 2024-09-05
Response date 2024-09-11
Last date of reply 2024-09-11
Answered 2024-09-11
to Minister of Energy and Industry Ebba Busch (KD)
Answer to question 2023/24:1100 by Isak From (S)
Talga's letter to the government
Isak From has asked the Minister of Energy and Industry if she and the government intend to take any initiatives in connection with Talga's letter to the government.
The work within the government is so divided that it is I who will answer the question.
Talga AB has submitted a letter stating that the government, with the support of ch. 11 Section 15 of the Planning and Building Act (2010:900) must order Kiruna municipality to adopt a new detailed plan through a so-called planning order to enable the mining of graphite, which is a strategic raw material used for the manufacture of anodes for lithium-ion batteries.
The government shares Talga AB's and Isak From's attitude that the establishment of new mines - not least those that can contribute to the green transition and strengthen Sweden's competitiveness - is an important issue for Sweden's economy as well as for the environment.
Talga AB's letter on planning injunction is currently being prepared within the Government Office.
Stockholm on 11 September 2024
Semmel
Top 20
It appears Talga has been granted the processing concession, despite lacking final result of the SC on the environmental permit. (Thx Gvan for making me aware of the news!)
www.svt.se
Translation:
The mountain state now says yes to the grant Talga AB processing concession for the graphite discovery Nunasvaara outside Vittangi in Kiruna municipality.
"The congregation has national interest," said Bergmästare Helena Kjellson.
The area is part of Talga AB’s major graphite project, which includes four deposits. The current deposit is in an area that is designated as national interest for valuable substances or materials.
There has been a lot of opposition to the plans for a graphite mine, including from residents in the area.
An amendment to the Minerals Act, which took effect on 1 July 2024, has enabled the mountain master to grant a processing concession even though the issue of Natura 2000 permit is not finally settled.
Talga AB submitted its application to the Mountain State in 2020.
“A further authority now confirms the validity and importance of this project, incidentally at a time where the need for its own supply of graphite in the EU is becoming increasingly tangible,” said Martin Phillips, CEO of Talgas.
Omstridd gruva utanför Vittangi får ja från Bergstaten
Bergstaten säger nu ja till att bevilja Talga AB bearbetningskoncession för grafitfyndigheten Nunasvaara utanför Vittangi i Kiruna kommun. – Fyndigheten har riksintresse, säger bergmästare Helena Kjellson.
Translation:
Yes to graphite mine outside Vittangi
Updated today 12:36Published today 12:03The mountain state now says yes to the grant Talga AB processing concession for the graphite discovery Nunasvaara outside Vittangi in Kiruna municipality.
"The congregation has national interest," said Bergmästare Helena Kjellson.
The area is part of Talga AB’s major graphite project, which includes four deposits. The current deposit is in an area that is designated as national interest for valuable substances or materials.
'Great mineral access'
“This is a high-quality graphite discovery and the applicant’s tests have shown that it can be processed into materials for the production of lithium-ion batteries. The area is judged to contain a large mineral resource, says Helena Kjellson.There has been a lot of opposition to the plans for a graphite mine, including from residents in the area.
An amendment to the Minerals Act, which took effect on 1 July 2024, has enabled the mountain master to grant a processing concession even though the issue of Natura 2000 permit is not finally settled.
'Good housekeeping'
“The concession means good management of resources by enabling the extraction of a deposit of national interest,” says Bergmästare Helena Kjellson.Talga AB submitted its application to the Mountain State in 2020.
“A further authority now confirms the validity and importance of this project, incidentally at a time where the need for its own supply of graphite in the EU is becoming increasingly tangible,” said Martin Phillips, CEO of Talgas.
Semmel
Top 20
If this trend continues, we might just go ahead without resolving the SC case. As it should be, since we got the Natura2000 permit already. It should be illegal to stop the project until the SC has made up its mind. How it should be: Talga can start working as soon as the environmental court gives the permit. But when it is appealed AND the appeal is successful, THEN the work has to be stopped until a further decision is made. but thats just my opinion of course.
Still, a very good development and I am glad that is out of the way, even though it never provided any friction so far. I would expect an Ann tomorrow to confirm this.
Still, a very good development and I am glad that is out of the way, even though it never provided any friction so far. I would expect an Ann tomorrow to confirm this.
Semmel
Top 20
And here is the Ann corresponding to the news from yesterday:
Approval of Mine Exploitation Concession
In my opinion a very good announcement! No fluff, pure information, statements that make sense without the need to digg for their meaning, good information. I LOVE this type of Ann. Please read. Especially note the section about the Supreme Court progress (which we already know, but good to have confirmed) and the fact that the concession can be appealed as well (grrrr!).
Approval of Mine Exploitation Concession
In my opinion a very good announcement! No fluff, pure information, statements that make sense without the need to digg for their meaning, good information. I LOVE this type of Ann. Please read. Especially note the section about the Supreme Court progress (which we already know, but good to have confirmed) and the fact that the concession can be appealed as well (grrrr!).
cosors
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Notice of Annual General Meeting
https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2024/10/23135320/20241023Notice-of-AGM-2024-TLG-Final.pdf
Annual General Meeting - Notice and Proxy Form
https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2024/10/23141341/20241023NoticeOfAccess_ASX.pdf
https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2024/10/23135320/20241023Notice-of-AGM-2024-TLG-Final.pdf
Annual General Meeting - Notice and Proxy Form
https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2024/10/23141341/20241023NoticeOfAccess_ASX.pdf
cosors
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EU invests €4.8 billion of emissions trading revenues in innovative net-zero projects
EU invests €4.8 billion of emissions trading revenues in innovative net-zero projects
Today, the Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, helping to put cutting-edge clean technologies into action across Europe.
Innovation Fund
Innovation Fund
Funding innovative low-carbon technologies to reach climate neutrality in Europe.
Who wants to dig deeper e.g. for
Link to the PDF
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