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Geomega Successfully Completes Rare Earths Pilot Plant Testing

MONTREAL – Geomega Resources Inc. (TSX.V: GMA) (OTC: GOMRF) a developer of clean technologies for the mining, refining and recycling of rare earths, reported the successful completion of testing and optimization of its Rare Earths Pilot Plant , located…

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This article was originally published by Canadian Investor

MONTREAL – Geomega Resources Inc. (TSX.V: GMA) (OTC: GOMRF) a developer of clean technologies for the mining, refining and recycling of rare earths, reported the successful completion of testing and optimization of its Rare Earths Pilot Plant , located at the National Research Council Canada facility in Boucherville, Quebec.

This is the 2nd generation pilot plant after the completion of the mini pilot in April 2019. Significant engineering work was performed which confirmed the validity of the Corporation’s recycling technology of rare earths from magnets. Geomega is pleased to report that the next engineering phase will begin shortly followed by the ordering and receipt of equipment for the construction of the larger demonstration plant located in Saint-Bruno, Quebec.

Four complete rounds of testing covering the entire recycling process were completed to date and these have confirmed the efficacy of the Corporation’s technology to produce rare earths. Pilot Plant testing has also validated and facilitated equipment selection for the demonstration plant. In addition, an important part of the Pilot Plant was to validate process efficiencies:

  • Rare earths recoveries >90%,
  • Main reagent regeneration around 90%
  • Product purities (>99.5% REO)
  • Heating and cooling design update to confirm process schedule (3 batch process per 8-hour shift).

In addition, two new features were successfully tested and integrated into the Corporation’s recycling process:

  • Boron – a small although important component in NdFeB magnets (Neodymium Iron Boron) can now be recovered as a by-product of the process. This will have a positive impact on both energy efficiency and anticipated revenues of the project.
  • Hydrogen – an emerging clean energy fuel in Quebec and globally. The process has demonstrated an ability to produce hydrogen as a by-product that could be collected. Hydrogen recovery is important because of its potential to reduce the overall energy consumption of the project. Most importantly, hydrogen recovery demonstrates the potential in applying the process to other metal rich feeds that lack valuables elements and are therefore not being recycled today due to poor economics.

The Corporation expects to continue running the pilot unit on an as needed basis to test various types of feed materials it receives on a regular basis and to produce additional material for testing by various end users.

“Having a fully operational Pilot Plant has provided Geomega with the necessary validation to proceed to the next stages of engineering, finalize discussions with vendors and launch procurement. Additional development and details on these activities will follow. We fully expect 2021 to be a transformational year for Geomega shareholders with the upcoming construction of the demonstration plant and its start of production of rare earth oxide using recycled magnets, a first in the Western world. We believe that the accelerated demand growth for renewable energy and the electric vehicle sectors, coupled with industries and governments striving for zero waste and reductions in greenhouse gases, is going to result in an even larger demand for recycling rare earths from magnets and other sources. Geomega is looking forward to providing the required clean technology in the critical metal space to achieve a circular economy for rare earth magnets with its initial demonstration plant to be showcased in St-Bruno, Quebec.” commented Kiril Mugerman, President and CEO of Geomega.

Geomega develops innovative technologies for extraction and separation of rare earth elements and other critical metals essential for a sustainable future. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. Geomega’s strategy revolves around gradually de-risking its innovative technology and delivering cashflow and return value to shareholders while working directly with the main players in these industries to recycle the magnets that power all those technologies.

As its technologies are demonstrated on larger scales, Geomega says it is committed to work with major partners to help extract value from mining feeds, tailings and other industrial residues which contain rare earths and other critical metals. Irrespective of the metal or the source, Geomega adopts a consistent approach to reduce the environmental impact and to contribute to lowering greenhouse gases emissions through recycling the major reagents in the process.

Geomega’s core project is based around the ISR Technology (Innord’s Separation of Rare Earths), a proprietary, low-cost, environmentally friendly way to tap into a C$1.5 billion global market to recycle magnet production waste and end of life magnets profitably & safely.

Geomega also owns the Montviel rare earth carbonatite deposit, the largest 43-101 bastnaesite resource estimate in North America and holds over 16.8M shares, representing approximately 19% of the issued and outstanding shares, of Kintavar Exploration Inc. (KTR.V), a mineral exploration company that is exploring for copper projects in Quebec, Canada.

We seek Safe Harbor.







Author: Editor

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Energy & Critical Metals

A $57 Price Target Could Be Just the Beginning for Xpeng

Let’s be honest. Not every investor loves Chinese companies and stocks right now. Perhaps some investors saw what happened to ride-hailing giant Didi…

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Let’s be honest. Not every investor loves Chinese companies and stocks right now. Perhaps some investors saw what happened to ride-hailing giant Didi Global (NYSE:DIDI). As a result, maybe they’re afraid to take a position in China-based electric vehicle (EV) maker Xpeng (NYSE:XPEV) because XPEV stock might also tank.

Source: Johnnie Rik / Shutterstock.com

Yet let’s not make generalizations. Granted, the Chinese government has been cracking down on some companies, mainly due to cybersecurity and antitrust concerns.

But not every China-based company is in trouble. Moreover, XPEV stock won’t necessarily meet the same fate as Didi and other Chinese stocks.

Indeed, recently issued statistics indicate that Xpeng is firing on all cylinders. Besides, one prominent analyst is bracing for its shares to climb, and his bullish argument is convincing.

A Closer Look at XPEV Stock

The shares did have their time in the sun, back in November 2020. At that time, the share price rocketed from $20 to a peak of $74.49.

Unfortunately, folks who chased the stock in the mid-$70’s were soon punished for their haste. As it turned out, a nasty crash ensued in late 2020 and persisted throughout the first few months of 2021.

Since the summer, XPEV stock has been rangebound and can’t seem to break above $45. There’s an old saying, though: the longer the base, the higher in space. In other words, prolonged sideways periods can sometimes be the launch pad for a major breakout.

So don’t be discouraged by the lateral movement of XPEV stock. A big move could be just around the corner – and it would be a shame if you don’t have a position in the stock when it happens.

No One Can Argue With These Results

Stocks will always have their doubters and naysayers, especially when it comes to Chinese companies nowadays. However, the skeptics would be hard-pressed to argue with the numbers included in Xpeng’s recently published vehicle delivery update.

Seriously, the company just killed it across the board. For one thing, Xpeng posted 10,412 deliveries in September, marking the company’s highest-ever monthly delivery figure.

Along with passing the 10,000 milestone, that number also represents a 199% year-over-year surge and a 44% increase over the previous month.

Do you need more ammo that supports the bull thesis? Here you go: for Q3, Xpeng achieved a quarterly record of 25,666 deliveries. That amounted to a 48% increase versus Q2, as well as a 199% YOY improvement.

But wait; it gets even better when we extend the timeline. In the first nine months of the year, Xpeng delivered a total of 56,404 vehicles, which represents a whopping YOY increase of 300%.

Bear in mind, this occurred during a semiconductor shortage, as well as the Chinese government’s crackdown on multiple industries.

Yu Said It

Even with those delivery stats in mind, some folks will still be nervous about Xpeng because Chinese stocks have taken a beating this year. To help assuage their fears, I’ll refer the skeptics to Deutsche Bank’s Edison Yu.

While acknowledging that there have been several reasons for the underperformance of Chinese stocks, Yu asserts that the “largest overhang” has been investors’ reluctance to commit to the nation’s equities following the Chinese authorities’ crackdown on Didi.

I tend to concur with Yu’s reasoning. Looking ahead, Yu believes that “sentiment {towards Chinese EV stocks)  could be bottoming going into year-end.” That, of course, should be beneficial to Xpeng and its shareholders.

Furthermore, for Q4, Yu believes that Xpeng’s delivery guidance in the 35,000 to 40,000 range, and he predicts that the company will deliver 15,000 vehicles in December.

Those estimates are realistic, and would bring Xpeng’s full-year volume to almost 94,000 deliveries, representing a 247% YOY increase. Yu raised his price target on XPEV stock from $51 to an even more ambitious $57.

The Bottom Line

I like the sound of $57, but long-term investors can aim even higher than that if they truly believe in the company. And why wouldn’t they? Just look at those delivery numbers and the surges in the automaker’s deliveries.

They’re outstanding and suggest that XPEV stock deserves to be much higher.

So if you own the stock, just be patient and be prepared for a spectacular ending to Xpeng’s  record-breaking year.

On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

The post A $57 Price Target Could Be Just the Beginning for Xpeng appeared first on InvestorPlace.

Author: David Moadel

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Neo Lithium Sitting on US$1.13B After-Tax NPV of “White Gold” in Argentina

Neo Lithium Corp. (TSXV: NLC) shared on Tuesday the results of its feasibility study for the production of lithium carbonate…

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Neo Lithium Corp. (TSXV: NLC) shared on Tuesday the results of its feasibility study for the production of lithium carbonate at its Tres Quebradas lithium brine project in Catamarca Province, Argentina. The results highlighted US$1.13 billion after-tax NPV8%.

 

Compared to the previous pre-feasibility study, the results of the feasibility study show mine life extends to 50 years from 35 years. After-tax IRR is expected to be at 39.5% and the payback period is expected to be after 2.25 years from the start of the production.

The property is estimated to have an annual average production of 20,000 lithium carbonate tonnes. Furthermore, the property is expected to incur cash operating costs of US$2,954 per lithium carbonate tonne.

On capital costs, the property’s initial spending came to US$370.5 million, and sustaining capital spending is expected to be US$143.5 million for the life of mine.

The study also reported measured & indicated resources of 1.75 million tonnes of lithium carbonate at 800 mg/L cut-off and 5.37 million tonnes of lithium carbonate at 400 mg/L cut-off.

Proven and probable reserves for the property are reported to be 0.77 million tonnes of lithium carbonate equivalent for the first 20 years of production and 1.67 million tonnes of lithium carbonate equivalent for the life of mine.

Earlier this month, the mining firm announced that it will be acquired by Chinese mining company Zijin Mining Group Co. in a $960 million all-cash deal.

Neo Lithium last traded at $6.26 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Neo Lithium Reports US$1.13 Billion After-Tax NPV For Tres Quebradas appeared first on the deep dive.

Author: ER Velasco

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ABB, MEDATech demo fully automated fast charging solution on Western Star 4900XD-e

A new prototype ultra-fast charging platform for heavy-duty applications that features the ABB Ability™ eMine FastCharge charger and MEDATech ALTDRIVE…

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A new prototype ultra-fast charging platform for heavy-duty applications that features the ABB Ability eMine FastCharge charger and MEDATech ALTDRIVE battery-electric powertrain solution is helping automate the charge of a Western Star 4900XD-e machine in a trial application.

ABB developed an integrated charging infrastructure, with the latest charger technology and a future-proof automated connection device, while MEDATech created a battery-electric powertrain that includes a charge-reception system that can be integrated into any heavy-duty vehicle.

Together with MEDATech’s complete ALTDRIVE battery-electric vehicle system, ABB’s ultra-fast charging forms a complete electric vehicle package that helps OEMs move away from diesel, according to MEDATech. Integrating ALTDRIVE into new vehicle builds will enable OEMs to fast-track their battery-electric offerings, complete with ultra-fast charging.

Offering up to 600 kW of power, the eMine FastCharge solution was launched by ABB in September as part of its ABB Ability eMine portfolio of solutions.

ABB and MEDATech have previously worked together on the conversion of the Western Star 4900 tractor to battery-electric operation, but this is the first time the two have tested the automated charging functionality of the FastCharge solution on ALTDRIVE technology.

“Designed for the harshest environments, this flexible and fully-automated solution can easily be installed anywhere, and can charge any truck, without the need of human intervention,” Mario Schmid, Project Lead Engineer at ABB, said.

Charging occurs with no help from machine operators, according to the companies. Drivers station their vehicles next to the charger and the ABB Ability eMine FastCharge does the rest. When the system senses a vehicle is near, it moves the connection pin into position and inserts it into the receptacle, carrying out charging in a fully-automated fashion.

With ABB’s charging capability matching charging cycles to the production, charging times of less than 15 minutes can be achieved, according to the companies.

On September 10, ABB and MEDATech announced the signing of an MoU to jointly explore solutions to decarbonise mining operations through charging solutions and optimised electric drive systems in BEVs for heavy-duty applications.

The post ABB, MEDATech demo fully automated fast charging solution on Western Star 4900XD-e appeared first on International Mining.

Author: Daniel Gleeson

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