A Microcap Teaser Solution In Advance !!
(Australian stock exchange CLQ, OTC pinks CTEQF).
CleanTeQ is sure to be the answer to future teasers you will be reading about from resource gurus, To save you all the trouble of solving them, I decided to write this article.
My portfolio was grotesquely overweight in gold and silver positions, and in moments of anxiety I thought it would be a good idea to diversify and take a few positions in something other than gold mines, royalty companies, Mongolian exploration companies, and small-cap copper miners with major operations in the Democratic Republic of Congo.
Thus I made a small speculation in CleanTeQ, solely on the basis that mining titan Robert Friedland was the Chairman, and CleanTeQ was the only resource company I could find that seemed to be in a position to mine scandium, a very rare metal that sells for a couple of thousand dollars a kilo.
My due diligence was so slight that I was embarrassed to emphasize my position to the readers at Stock Gumshoe. We are supposed to study these things a little more than I did for CleanTeQ. And after entering at 50 cents, the stock promptly dropped to 35 cents or so, making me glad that I did not look foolish by publicizing my position.
As the weeks went by, I started to find more information on the company that I should have found out beforehand. This was partly accidental, partly from other Gumshoe readers, and partly from new announcements and company news that occurred after I took a position. But the findings were all very positive, and because the company is so interesting I thought it warranted its own thread apart from the hard asset thread which I moderate.
I have a full long position and high hopes. And I thank Secretsquirrel, Griffin, Larry McKenna, and several others who helped fill in the missing pieces of the puzzle.
Below are my findings, opinions, and summary on CleanTeQ Holdings:
BUSINESS MODEL CleanTeQ is a hybrid company based with three bases: scandium mining and production, cobalt mining and production, and water purification. This seems like an odd combination, but as you will see, it is not. It is a stroke of genius. And I will explain why we should care about scandium and cobalt.
(1) The company is starting production of the Syerston mine, the world’s only scandium mine;
(2) The company will also produce significant amounts of cobalt as a co-product to the scandium;
(3) The company has a large-scale water purification technology, which will target municipalities,
Industrial operations with waste water problems, and mines, which also have water problems
PROSPECTS FOR THE THREE SEGMENTS
(1) Scandium is a very rare metal that usually occurs in only small amounts that are not economical to mine. It is mostly available as a by-product and the market is opaque, usually between private parties. Scandium has very beneficial applications in aerospace, aviation, and technology, but has not been widely applied because there is not a sufficiently reliable supply of it.
(2) Cobalt is essential in many batteries. Lithium gets all the investment press, but a majority of the battery formulations need cobalt, which is rare compared to lithium. Cobalt has a similar supply situation as scandium, it is mostly a by-product and is not commonly a prime mining target in and of itself. But demand for the electric energy market is growing rapidly and cobalt demand is growing and will continue to grow accordingly. Supply chains on cobalt are iffy.
(3) Water purification is a pressing need throughout the world. Cities with lots of people, industrialized places with lots of factories, or mines with waste water, all have a real and pressing need for large scale water purification. I think most people can accept this premise of widespread demand without a lot of documentation.
HOW DO THESE SEGMENTS RELATE TO EACH OTHER ? I cannot get too technical about the water purification technology, but I will try to explain what I understand, and how it relates to the scandium and cobalt operations. They call it Continuous Flow Ionization. Ionization is not a proprietary technology per se, but CleanTeQ has developed a way to implement ionization in a continuous feed, automated loop that improves volume, improves economics, is reasonably priced for installation, and can be custom-modified to specific waste problems. It can be used in conjunction with other filtration techniques. Further, it can be modified TO EXTRACT CERTAIN SUBSTANCES from the feed waste water. This is done by modifying the resins that are used in the ionization process.
Now it so happens that CleanTeQ has developed resins that can extract scandium and cobalt from waste water. So they potentially will have commercial sources of rare metals from the by-product waste of their water purification process !
HOW CLOSE IS THE WATER THING TO REALLY HAPPENING ? It is happening. CleanTeQ has signed a memorandum of understanding with a major Chinese municipality to implement their technology. There is a joint venture, 55% Chinese/45% CleanTeQ. Once the first one is up and working, China has a mind-boggling potential for water purification. For their teeming urban centers and for their mining and industrial locations, shall we say the potential is very large ?
CleanTeQ has 100% of rest of the world. CleanTeQ is closed-mouthed about other commercial sources, but they let on that they have been in contact with the likes of GE, Dow, and other big hitters. They state a pipeline target of $100 million by 2020; I predict they will do much better.
HOW CLOSE IS THE COBALT THING TO REALLY HAPPENING ? Very close. Battery useage is soaring and is the strategic target of many governments, corporations, and environmental groups. Batteries need cobalt.
HOW CLOSE IS THE SCANDIUM THING FROM HAPPENING ? This will take a while because the applications are high tech, with long lead times, and there is only one scandium mine in the world (CleanTeQ’s newly commissioned Syerston mine). CleanTeQ intends to develop the scandium market by being a reliable source of supply, and by driving the price down.
CleanTeQ will have viable margins with scandium prices up to half of current prices.
To give you an idea, the Russians made a few MIGs with scandium/aluminum alloys. They were faster, lighter, stronger. An addition of 0.5% scandium to aviation aluminum strengthens the frame, removes the need for riveting, reduces weight, and makes repairs easier. . The Russians dropped it because of costs; and Boeing and Airbus will not use it without a reliable source of supply. But there is about to be a reliable source of supply: CleanTeQ.
WHAT ABOUT IP PROTECTION ? I believe the IP and know-how moat is sufficient. CleanTeQ holds a perpetual license from a high-level Russian research organization that provided some of the foundation technology. I am not a patent lawyer and a lot of the know-how will be proprietary, not patented. CleanTeQ has been at this for over ten years, I think the barriers to entry are sufficient.
MANAGEMENT Totally a plus. Robert Friedland is the Co-Chairman and CEO, he has 20% of the company, great credibility and clout with the Chinese, and an unbelievable track record in mining. Sam Reggall is the other co-chairman. I know little about him, other than from my observations of him on an Australian investment show that aired last week. He was impressive.
MONEY AND FINANCES I don’t think there is anything at all to worry about. Friedland must be worth billions, the Chinese are in, and the concept has enormous potential.
Sources: as I mentioned, information is scant. My sources were the CleanTeQ website, presentations and and interviews with Friedland and Reggall, and the sketchy information on the brokerage sites. Nothing you cannot find on your own.
Long CleanTeQ
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Rick Rule/Sprott position in CleanTeQ…I have speculated previously that Rick Rule and Sprott have a position in CleanTeQ.
Well here is a quote from their promotion for the July Natural Resource Symposium they are sponsoring, at which Robert Friedland and Sam Riggall will be speaking:
“• Rick and his team vet every exhibitor before they come to the Symposium. They’re invited on a performance basis – he knows the executives personally and Sprott has invested in every listed exhibitor.”
Nice to know, HN. Maybe I’ll add even more before the precentation. It’s allready my biggest position, but hopefully it can’t get big enough 😉
Some of us were expecting news announcements from the General Meeting July 19.
Nothing happened other than the passing of compensation and performance awards. So maybe Riggall will have some announcements at the Sprott Resource Symposium in Vancouver July 25-29.
Yep, I’m keeping my fingers crossed 🙂
Sprott Resource Symposium: I checked the speaking schedule; Friedland is a keynote featured speaker. Riggall is not scheduled.
Would I love to attend the Symposium. Many of our heroes are there…Friedland, Watson, and Quartermain (though Pretium is not an exhibitor).
Rick Rule is an awesome promoter and circusmeister.
His unabashed self-interest is a wonder to behold.
Maybe next year.
$ARL.AX – Ardea Resources ltd.
Northern Cobalt (brand new)
Maybe this has been discussed before on this thread, but any views on $ARL.AX as a cobalt play. I know this company is getting more and more attention the last months, but personally I can’t buy it because of the Australian index.
Northern Cobalt is also a brand new Australian company.
ARL completely different mettalurgy to low cost Syerston.
Riggall presenting thur at sprott
Here is a little info on something like i-Pulse, that uses electric blast to shatter rock so it flows, ie sand. The only difference I can see is I-Pulse staged capacitor discharge as means of attaining the energy pulse may differ slightly.
http://www.bine.info/en/publications/publikation/elektroimpulse-zerkleinern-hartes-gestein/http://www.bine.info/en/publications/publikation/elektroimpulse-zerkleinern-hartes-gestein/
Geothermal still has major problems with the extreme corrosiveness of superheated water/steam and dissolved minerals that eat up the pumps and piping,,, plus the water disposal which is often a very toxic brine.
Thanks, Arch—interesting article! But will it scale sufficiently to be comparable to i-Pulse.
PS: The correctly formatted URL is: http://www.bine.info/en/publications/publikation/elektroimpulse-zerkleinern-hartes-gestein/
Ach…ich kann nicht verstehen das.
Ich spreche nur kindergarten deutsch.
http://www.tech2.org/buyers-wager-on-copper-as-electrical-automobile-race-hots-up/
Thanks, article confirms what many here know already,
Long IVN
rubberworm re: tech2 article…the article makes me laugh. It reads like it was written by a Chinese or Indian robot. The grammar and syntax are poor, the sentence concepts faulty. The facts are mostly correct but exceedingly sparse.
I would be surprised if English is the native language of the author.
You read it. Friedland loves copper! I gave a very good copper pick. And it has done very well since then. Sit and watch it. I’ll make lots of cash there. And I like Clean Teq. That was way I came to this board. I put up a link and you IMO want to make me look like a….fill in the blank… I don’t care.
Calm down rubberworm, we all on the same side here….
What was your copper link, I looked but couldn’t locate it.
The link you put up was fine, however the English phrasing within it was very odd, threw me out of synch on reading it.
Found it btw……. http://www.excelsiormining.com
rubberworm…no offense meant, I apologize if I offended you. I am assuming you did not write the article.
If you are referring to Excelsior Mining, I acknowledge it and appreciate the contribution.
http://investingnews.com/daily/resource-investing/critical-metals-investing/scandium-investing/american-government-scandium-potential/?mqsc=E3899500
The Senate Armed Services Committee (SASC) legislation requests that the US Department of Defense create a briefing that examines possible defense and industrial uses for scandium by December 1, 2017.
One page 287 of a lengthy report, SASC devotes a paragraph to scandium and notes that the briefing comes in advance of “the planned initiation and production in the United States within the next 5 years of as much as 100 metric tons of scandium.”
Clean Teq is says 15ookg at 99’9%….http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1bs9ha7-Clean%20Teq%20Syerston%20FS.pdf Niocorp put out a number 2 times that plus. I can’t find their % # however. % means a lot.
$NIOBF np – Scandium Grade (g/t) 71.6
http://www.niocorp.com/index.php/press-releases/358-niocorp-announces-results-of-positive-feasibility-study-for-its-elk-creek-superalloy-materials-project
Niocorp $NIOBF…no position…the Niocorp website is very well put together and has a lot of interesting information.
Thanks Ben and rubberworm. Niocorp was the subject of a teaser and there was some discussion and comments are on a May, 2014 thread.
Niocorp has a US project in Nebraska targeting niobium, scandium, and titanium.
One suspects strong ties to the US military establishment. They claim to be the only domestic project of its type, they stress the military applications of the target metals,
and call out the dependence on foreign sources for critical materials. I doubt that it is a coincidence that the company is quoted as praising a military/government study on strategic materials. Niocorp for the neocons.
Technically the price looks like it has retraced from recent highs.
I owned Niocorp long before it was called that. Owned it for many years. I became friends with a broker out of Canada who did PPs in Niocorp. He told me to get out of it. Glad I did he was the one that turned me onto Exmgf. I have made a killing listening to him. Regarding Niocorp your right about ties to US military ect IMO. Their #;s went down after FS #’s came out. Seems to me their best hope is a goverment hand out for Sc. Thier # for Sc is $3675/kg off the top of my head with out looking. Like I said I see no # regarding % for Niocorp SC. CleanTeq is 1500?kg. for 99’9% CleanTeq IMO will get offtakes IMO. Niocorp may get goverment hand out as I see it.
rubberworm…NIOBF…the US strategic angle and domestic politics may come in, plus I have no exposure to niobium or titanium. Would not want to chase or overpay for it, but it seems like they have all their ducks in a row.
Cleanteq has stated several times that they will get offtake agreements this year. Their cost of production is projected at $500-600/kg for scandium oxide, so they can buy market share or make big profits at high prices; but most of their financial proformas seem to be based on cobalt and nickel, which are less speculative at this point in terms of actual demand.
I see the water and the scandium as totally discounted from conservative financials that are based on cobalt and nickel.
My chats with Ben S. makes me think strongly that CleanTeQ will never go above 1500/kg but can go even lower and do well. Here is Ben’s reply to me about NioCorp’s FS # for Sc. “Yeah that’s pretty high. We know that the market is not really interested at that level, which is why we always quote $1500” 1500 is the # CleanTeq has given end users. To change that would be very bad policy. Ben kind of said that is the # we said and will stand by it so end users can put that # in to their thought about using Sc products. Very good marketing by Friedland IMHO.
CleanTeQ – from hotcopper.com.au
Release Date: 24/07/17
Summary: June Quarterly Activities and Cash Flow Report
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSTYO5A27wRGZo%2Ftoke92GA%3D%3D
Thanks for posting secretsquirrel that pulled a lot of what HN has found these many months together for me. HN your the best.
$ECSIF, $BKTPF, $FTSSF
I thought I would mention these stocks if someone was looking for more cobalt exposure. eCobalt Solutions, ECSIF) is my main cobalt stock. I originally got in a couple of years ago when they were named Formation Metals. When they curtailed mine development for better cobalt pricing I got out at a small profit. Someone here reminded me of them late last year and I re-entered 8/16. I’m now up about 80%. They have several catalyst coming up this Quarter and next including a revised and IIRC bankable Feasibility Study.
$BKTPF, (this is mainly for traders) Cruz Capital I had to changed my email ady with them and as the CEO does I received a call from James Nelsen. and he echoed the last newsletter sentiments. Cruz has acquired cobalt properties about 9 and sold one. They have started a drilling program this summer and depending on results maybe worth watching for swings, it currently is trading about USD $.15. I’m not sold on management yet.
$FTSSF First Colbalt has acquired colbalt property in Austraila I haven’t done any DD on this stock.
These stocks have been mentioned in Matt Bohlsen @sa articles that I’ve posted here. Both BKTPF and FTSSF are low volume trading stocks how that will change with the price of cobalt going up I have no idea.
Thanks, Griffin !
https://hotcopper.com.au/threads/news-clq-clean-teq-acquires-autoclaves-for-syerston-project.3563964/?post_id=26056062#.WXaHfTEFpps.gmail
Not quite sure how important this is, but seems a decent amount of money, must be good IMO,
Autoclaves acquired for Syerston project
Acquired two autoclaves for Clean Teq’s 100% owned Syerston nickel/cobalt/scandium project in NSW, Australia
Autoclaves were acquired from Vale International S.A., a subsidiary of Vale SA, for US$6.5 million
https://en.wikipedia.org/wiki/Vale_(mining_company)
Looks good…..
https://www.otcmarkets.com/stock/CTEQF/news?id=165315
Cheers rubberworm,
Do you know what are autoclaves, I assume they are the “machine” type things that do the business?
IIRC autoclaves are the steam ovens in the dentist office. I think these are a little larger by 6.5 mil. I haven’t read the news from CLQ yet. There are a few unanswered questions.
Do they only need 2?
these will do “1. Each of the two autoclaves, weighing approximately 600 tonnes, can manage a slurry volume of 647m3, which is more than sufficient to achieve the required residence time for an anticipated 2.5Mtpa ore throughput;”
6.5 mil I don’t think makes them and off the shelf item.:)
When will they be up and operating?
&^%^^& They are off the shelf and new. That will shave off 3 years to production time. That’s very good news I would think there should be a little bump in SP.
Now I see if I can the news from CLQ.
edit ~~~~
http://clients3.weblink.com.au/pdf/CLQ/01876525.pdf
Hi SecretSquirrel,
Autoclaves are enclosed spaces where both temperature and pressure can be controlled to facilitate certain processes. It has a variety of uses, of which the most well known is its medical use: sterilization of medical instruments. Wikipedia has a page on industrial application of autoclaves:
https://en.wikipedia.org/wiki/Autoclave_(industrial)
Thank you SecretSquirrel for all your informative posts here. Appreciate it!
Greetings, Chocolate.
Great post on the equipment being acquired.
The autoclaves must be for the preparation of the slurries that will be run through the Clean i-X installation. Since they mention “agitators”, I surmise that after the ore is ground up it will be sent into the autoclaves and treated with other material to prepare it for processing through the Clean iX process.
Just guessing.
They state that the capacity of the autoclaves is suitable for the forecasted needs of the Syerston plant.
Note that Cleanteq refers to extensive due diligence done on the equipment, and that the lead time to acquire comparable new equipment is THREE YEARS.
This implies deal has been in the works for a while; thus I infer that it has been factored into the timeline for Syerston production, which has already been announced in broad terms for next year.
The autoclaves were originally intended for a nickel mine in New Caledonia, which is an island east of Australia.
Got this fromBen S tonight. I asked how much the autoclaves would have cost new. He reply “Sorry is $30M AUD but still a decent saving, but the main ‘win’ is the de-risking of the schedule. They are THE long lead item for the project and the biggest risk for time delays given it’s a 3 year process to design and engineer them.
Full steam ahead. “
Cleanteq Autoclaves…check out the pictures of these things on the Cleanteq website under Investor…ASX Announcements.
They are each the size of a submarine.
If you follow the OTCMarkets link under Research Reports: On July 21st, Morningstar gave CTEQF, a 3 Star rating and 66 target price.
https://www.otcmarkets.com/common/showMorningstarReport?symbol=CTEQF
My question now is the date to start production already known or is that part of the Feasibility Study that is due. I’m not particularly worried about cost savings at this point just the interest on 6.5 mil for 3 years would make up for any discrepancy. They must of known about these autoclaves sometime ago. .
What interest? They what got something like 80mil from their Chinese partner. At that time they put out a statement that they may use some of those frunds to move the project ahead. Looks to me like that is what they did. And saved mils in this deal which will show up in costs lowered in the FS. It is a big win win all the way around.
$Cleanteq equipment…They knew. They had to send people to a Pacific Island east of Australia to do due diligence on the gear. The negotiations undoubtedly took weeks if not months.
There is a ton of preparation behind Cleanteq announcements that require huge lead times.
The announcements are just the tip of the iceberg. For example, when they announced the Pengxin deal they were totally prepared with offices on several continents and a ready-to-go website for the water business. Another example is the fact that production samples on the target materials were already produced and in the hands of Airbus R&D, and prototype products are produced while Friedland talks vaguely about strategic partnerships with large aerospace companies.
Altogether their strategic planning and preparation leave a deep impression.
mhardin, re: Marketlinks CleanTeQ target price: it hit 66 cents today. Gosh $1.66 or $2.66 is a reasonable target.
The analysts have to be conservative.
Rick Rule SVNRS 2017 mentions CleanTeQ at 9:44.
https://youtu.be/KNa0sG9RKU0
Cobalt demand and supply
CRU stated earlier in 2017 it “expects 900 T (tonnes) cobalt deficit this year”. Investing News state that Macquarie Bank forecasts “a deficit of 885 tonnes is expected next year (2018), with deficits of 3,205 tonnes and 5,340 tonnes expected in 2019 and 2020, respectively.”
https://seekingalpha.com/article/4090153-cobalt-miners-news-month-july-2017
RF Sprott 2017 from yesterday,
“Going to give you 3 companies you should own, that I’m buying with my own money CleanTeq, Australian listed company. Will be listed in Toronto or NY in a year. “When its listed here it will be a household word”
Other two?
No idea, might come out in a few days of so but my guess would be Cordoba Minerals and ??
Here you go,
At the end of his presentation, Friedland identified three companies he is currently bullish on: nickel- and cobalt-focused CleanTeQ (ASX:CLQ), Cordoba Minerals (TSXV:CDB), which has a copper-gold discovery in Colombia, and Peregrine Diamonds (TSXV:PGD), which is advancing the Chidliak diamond project in Canada.
Good for us. Rule and Sprott go from a deafening silence or oblique hints, to actively promoting the stock at his conference. He must have an aggressive position.
Mentions CleanTeQ
Robert Friedland: Copper Will Continue to Outperform Gold
Speaking at this year’s Sprott Natural Resource Symposium, Friedland also named three companies he’s currently bullish on.
http://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/robert-friedland-copper-outperform-gold/?mqsc=E3900290
http://www.theaustralian.com.au/business/technology/ionic-pins-hopes-on-alternative-to-lithiumion-batteries/news-story/9d423676b7621460d445698137380fbd
rubberworm, that link gets me to a paid subscription page.
Try to goggle this”Ionic pins hopes on alternative to lithium-ion batteries”
OK got it. I don’t see the difference but here is what I got;
http://www.theaustralian.com.au/business/technology/ionic-pins-hopes-on-alternative-to-lithiumion-batteries/news-story/9d423676b7621460d445698137380fbd
I didn’t check letter for letter but it works and tried yours a second time and it didn’t work. Ionic is the outfit that Clean Teq has partnered with for graphene membrane. They are talking about micro super capacitors and developing them with proceeds from membranes. They say 2-3 years off. They also mention storage batteries and the lithium storage battery being prone to fires this ignores the flow battery. Something to watch thanks for the post.
Like you said it was hit or miss for me also . I did copy and paste part of it. here it is….
“History is littered with technologies that performed very well but failed because they could not be scaled up for economic mass production,” Ionic managing director Simon Savage said.
“Our recent breakthroughs are a critical step in bringing graphene supercapacitors out of the laboratory and into real-life applications.”
Ionic, which is 15 per cent owned by listed Melbourne mineral exploration minnow Strategic Energy Resources, is trying to raise $2.8 million in a rights issue.
The funding will be to commercialise water treatment technologies using graphene, in collaboration with Monash and the Robert Friedland-chaired Clean Teq, and to fund and develop a prototype of its graphene planar micro-supercapacitor technology.
Beyond this, Ionic wants a joint venture partner for its supercapacitor plans and will then eye a public listing.
I ask Ben S about it and this was his reply….
“If this is actually brought into effect then it will generate a great deal of demand for batteries. The battery chemistries which are expected to dominate in passenger vehicles (NCM/NCA) have a cathode which are made primarily of nickel and cobalt so yes, this is a good thing for us.”
Big opening buy otc market
Ticker symbols please
Clean teq – cteqf
Thanks. We talk so many stocks on here hard to follow on email.
Copper continues upward march this morning as well. Pushing majors like BHP and Rio.
Hedy…if we are really in a commodity bull or price inflation mode then I would consider trading major miners with a long bias. In gold I like $NEM $ABX and $AEM. In diversified mining I like $BHP, $TCK, and $ATUSF. No positions in any.
In fact, because of my concerns about fall politics in the DRC and copper, I was thinking about $SCCO as a hedge for distribution risk on copper. They are big cap, but focussed on South America, so they answer my jurisdiction issue.
SUMMER SPECULATIONS…I have been kicking tires but have not developed conviction on any of the good speculations we have discussed here. So I have not made any moves to add or delete from the base positions outlined in the opening summary, except for the small addition of ASOLF and the exit from Galaxy. I still feel underweight in silver.
At the moment I think the best thing for me is to sit tight and wait for things to play out.
Ivanhoe, Sandstorm, Cleanteq, and PVG are my biggest positions, and I am not inclined to reduce them since things seem to be moving favorably.
HN- your views on this are very helpful.
I am long BHP and ATUSF.
Hedy, the feeling is mutual. You seem like a practical and tough-minded when it comes to investing and your observations and questions are sharp, relevant, and to the point.
HN- when our ships come in we should make an effort to meet and celebrate. I am thinking this should occur in the next 18 months or so.
World tensions rising, commodities rising, sucky mining stocks driven up, PMs up as well.
Biotechs just the frosting on the cake.
It is fun to dream eh?
Dreaming + analysis + action.
My favorite pastime. Then golf.
Not much frosting on my cake lately, although I still have a few biotech positions.
http://www.fool.com.au/2017/07/28/why-these-3-asx-shares-have-gone-gangbusters-this-year/
$CTEQF…I entered at 50 cents then watched it tank to 35 cents. Bought more at various times and went into the red again. My average is at 64 cents now.
Yay…black ink.
$FYI Cobalt Miners News For The Month Of July 2017
by Matt Bohlsen @sa
https://seekingalpha.com/article/4090153-cobalt-miners-news-month-july-2017?uprof=46&isDirectRoadblock=true
$ECSIF $CTEQF long
xpost
$FYI Lithium Miners News For The Month Of July 2017
by Matt Bohlsen @sa
Summary
Lithium spot and contract price news – No change from last month; up 9.81% in the past year.
Lithium market news – “Industry needs 40 gigafactories, VW says. Company sees huge shortage of batteries by 2025.”
Lithium company news – SQM acquires 50% of Kidman Resources Mt Holland project, Altura completes two binding off-take agreements, Pilbara Minerals commences construction.
https://seekingalpha.com/article/4091153-lithium-miners-news-month-july-2017?uprof=46&isDirectRoadblock=true
xpost
$CTEQF High purity cobalt sulphate dispatched to customers
https://gallery.mailchimp.com/6b234a59bc4b0bc555986937a/files/dc36f44e-75f6-4a1a-a383-a588a958fe9c/20170731_Cobalt_Samples.pdf
$CTEQF long
Thanks, Griffin. Here is the chain reaction:
Customers get samples.
Customers test and assay the samples.
Customers decide to secure long-term cobalt supplies.
Customers negotiate off-take agreements with supplier.
Supplier makes announcement of agreements.
Supplier’s stock price goes up.
Time frame: This year.
Long CleanTeQ
I kind of figured this would be a signal for the above.
Different subject I’ve come across two Developers that I find interesting and also suspect. Their choice of projects are Cobalt, Gold, Lithium, and Vanadium. The first three speak for themselves, but vanadium. They trade at less than 20 cents a share. I thought I would research them then upload a file to dropbox and then present it here for Gummy DD. You’ve done enough already so if you could just critique as information is presented would be helpful.
Griffin Thanks. $CTEQF. That answers at least another bit of the mystery around cleanTeq. system. It is not recovering the metal per se but rather the equivalent of a high grade ore. That would still need to go through a metallurgical processing to recover metal,,, unless a battery design can use purified cobalt sulfide directly. Possibly, depending on design.
So far we know their process uses ion exchange resin, electrolysis, and osmosis in it’s process in some order. All three are the major means of removing metallic salts from water for purification of the H2O.
If I ventured a guess, it would be first stage ion exchange, second stage osmosis to separate most of the water from the concentrated brine and third electrolysis of the concentrate. No magic involved.
arch1, I’m glad it helped you. There seems to be better ores/brine to process what the battery manufacture wants. I assume that if the producers ships a sample of sulfate thats what the battery manufacture wants and leave it at that. Hopefully it is covered in the Feasibility study. I’m still new at a lot of this which is why I asked HN for help with these Developers I’m interest in and want to present.
Griifn, will be happy to look at your companies as time permits. I’m flattered but remind you I am not an expert.
I also intend to introduce another 10 cent, low-cap optionality play that I am now persuaded of.
Arch1…I think that the CleanTeq systems and materials for primary metal extraction, such as at Syerston, will vary quite a bit from water purification methods at wastewater installations. For example, the processing of metallic ore will need the autoclaves that were just purchased; acids like hydrochloric acid and other potent chemicals will be mixed with the ore in the autoclaves to make a slurry that is then run through the extraction process. But I don’t think giant pressurized autoclaves the size of submarines and lined with titanium will be needed to process municipal wastewater.
Their system is like a parts kit, they can put in different techniques, filters, and resins, depending on the problem at hand. Each installation will be custom-tailored to the problem. For cobalt ore you need an autoclave. For wastewater you need a big tank. The problems are different.
Clean i-X is a flow circuit that can use multitude of different resins. Different preparation requirements, supplemental filtration, and purification methods can be integrated into specific installations, to be applied before or after the Clean i-X process.
For example a desalinization plant with organic waste will be much different from heavy metal ore processing plant.