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Millennial Lithium accepts higher bid from CATL

 
Millennial Lithium (ML.V) has cancelled the previously announced agreement to sell itself to Ganfeng Lithium and has entered into a definitive agreement…

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This article was originally published by Caesars Report

Millennial Lithium (ML.V) has cancelled the previously announced agreement to sell itself to Ganfeng Lithium and has entered into a definitive agreement with CATL whereby the latter will acquire all shares of Millennial Lithium for a cash payment of C$3.85/share. CATL has already reimbursed Millennial Lithium for the US$10M break fee which had to be paid to Ganfeng as compensation for blowing up the previous deal.

The shareholders meeting to decide on the new offer will be held on November 15th and it looks like the deal will be ratified. Should it fall through, CATL will be required to make an US$16M break fee payment to Millennial Lithium, whereas CATL is protected by a US$10M break fee should Millennial walk away (if, for instance another, higher offer came in). Should the November 15th meeting approve the agreement, Millennial Lithium will likely be delisted by the end of this year, or early next year.


Disclosure: The author has no positoin in Millennial Lithium. Please read our disclaimer.

Energy & Critical Metals

California Bans Small Off-Road Gas Engines, Including Lawnmowers And Chainsaws

California Bans Small Off-Road Gas Engines, Including Lawnmowers And Chainsaws

Authored by Christopher Burroughs via The Epoch Times (emphasis…

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California Bans Small Off-Road Gas Engines, Including Lawnmowers And Chainsaws

Authored by Christopher Burroughs via The Epoch Times (emphasis ours),

California Governor Gavin Newsom discusses the state's plan for homelessness inniciatives in Los Angeles, Calif., on Sept. 29, 2021. (John Fredricks/The Epoch Times)

California moved one step closer to ending reliance on fossil fuels as Democratic Gov. Gavin Newsom signed a new bill into law on Sunday to ban all off-road gas-powered engines.

The new law requires the state to apply the new rule by Jan. 1, 2024, or as soon as regulators determine is “feasible,” whichever date is later, according to the bill.

The bill served as one step in the governor’s California Comeback Plan that includes a strong focus on climate change initiatives.

“In a time when the state and country are more divided than ever, this legislative session reminds us what we can accomplish together. I am thankful for our partners in the state Legislature who furthered our efforts to tackle the state’s most persistent challenges – together, we took action to address those challenges head-on, implementing historic legislation and the California Comeback Plan to hit fast forward on our state’s recovery,” Newsom said in a press release on Saturday.

“What we’re doing here in California is unprecedented in both nature and scale. We will come back from this pandemic stronger than ever before,” he added.

A ‘Massive Change’ Measure

Not all Californians approve of the new legislation. Andrew Bray, vice president of government relations for the National Association of Landscape Professionals, argued the zero-emission commercial-grade equipment landscapers will be far too expensive.

These companies are going to have to completely retrofit their entire workshops to be able to handle this massive change in voltage so they’re going to be charged every day,” Bray said, according to a Los Angeles Times report Saturday.

The change could strongly impact small businesses in landscaping and related industries. In addition to increased costs, the change could result in other unexpected problems, such as the need to carry charged batteries.

“Bray said a three-person landscaping crew will need to carry 30 to 40 fully charged batteries to power its equipment during a full day’s work,” according to the report.

A Small Business Disaster

The new law is expected to affect nearly 50,000 small businesses, according to The Washington Examiner. It noted that California’s budget includes $30 million for professional landscapers and gardeners to quit using gas-powered equipment, but that it would not be enough to cover the full costs.

The change is also not the only recent climate change announcement regarding gas-powered engines by Newsom. Last month, the governor signed an executive order to ban gas-powered and diesel cars by 2035.

This is the most impactful step our state can take to fight climate change,” Newsom said in the press release announcing the order. “For too many decades, we have allowed cars to pollute the air that our children and families breathe.

Tyler Durden Tue, 10/12/2021 - 17:40
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How to Navigate a “Risk-Off” Market – and Find Where to Profit

The “risk-on” trade is off… or at least slightly less on.

Source: Shutterstock

In less than the time it takes to click the “sell” button…

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The “risk-on” trade is off… or at least slightly less on.

Source: Shutterstock

In less than the time it takes to click the “sell” button in an online brokerage account, the pervasive investor sentiment has shifted from greed to caution.

Gone are the swarms of swashbuckling investors who would eagerly bid up even the most speculative of stocks. The investors who remain active today are much less courageous… and much more skittish.

As a result, most stocks are struggling to make headway, even when they deliver positive surprises to the market. Worse, stocks that disappoint in any way are receiving a swift and severe reckoning from investors.

“Risk-off” phases like these are normal parts of stock market cycles, but that doesn’t make them any less frustrating… or anxiety-inducing.

At the “big picture” level, the broad stock market is struggling, which creates a headwind for individual stocks.

One small wrinkle could boost your returns 5X

Even though the S&P 500 index notched a new all-time high as recently as Sept. 2, many major stock market sectors topped out months ago. Even many of the tech-focused sectors that had been leading the market for the last couple of years have been losing steam.

In no particular order, the:

  • Russell 2000 index topped out March 15 and has slumped 7% since then.
  • MSCI Emerging Market index topped out Feb. 16 and has dropped 15% since then.
  • Dow Jones Transportation index topped out May 10 and has slipped 9% since then.
  • High-profile ARK Innovation ETF (NYSEARCA:ARKK) run by celebrity manager Cathie Wood topped out Feb. 16 and has tumbled 30% since then.
  • Invesco Solar ETF (NYSEARCA:TAN) topped out January 25 and has plummeted 35% since then.
  • Amplify Online Retail ETF (NYSEARCA:IBUY) topped out February 16 and has dropped 17% since then.
  • VanEck Vectors Video Gaming and eSports ETF (NASDAQ:ESPO) topped out February 16 and has dropped 16% since then.

These poor results reflect the significant underlying weakness of our “record-setting” market. Its knees are wobbling a bit.

As one popular gauge of stock market vitality shows, the stock market has been losing strength since last May.

Specifically, the number of new 52-week highs on the New York Stock Exchange is hitting a one-year low, while the number of new lows is hitting a one-year high.

A chart showing the number of new 52-week highs and new 52-week lows on the NYSE over the last year.

These bearish readings are not the typical vital signs of a healthy stock market.

Fortunately, the news is not all doom and gloom.

This simple strategy could transform a small stock move into a huge gain – see how it works here

Remember, even in the midst of challenging market conditions, it is possible to capture meaningful gains. Identifying megatrends is one of the best ways to achieve market-indifferent success.

After all, our goal as investors is not to simply drift along in the market’s ever-changing currents… and to go wherever it happens to take us. Our goal is to identify the powerful trends that can chart their own course to investment gains, no matter what the market “currents” may be.

Identifying megatrends is not always easy, but the search is well worth the effort. A couple of years ago, I highlighted the “battery metal” sector as a megatrend investment play on the nascent boom in EVs and energy storage.

Over the ensuing months, I urged subscribers of The Speculator to buy select battery metal plays like in Galaxy Resources (OTCMKTS:GALXF), Eramet SA (OTCMKTS:ERMAY), Ivanhoe Mines (OTCMKTS:IVPAF), Lynas Rare Earths (OTCMKTS:LYSCF), and Nickel 28 Capital (OTCMKTS:CONXF).

During the last 12 months, all five of these recommendations produced gains ranging from 100% to 300%, compared to the S&P 500’s 30% advance.

More to the point, these stocks did not slavishly follow the stock market’s day-to-day price action; they produced their triple-digit gains by charting an independent course that was not closely correlated with the S&P 500.

The ability to deliver non-correlated gains is a rare and valuable quality during challenging stock market phases.

I believe battery metal stocks still offer plenty of upside, and I continue to make select recommendations in the sector. But the battery metal sector is not the only mega-trend beneficiary that has caught my eye.

I have identified two others that I believe will reward investors handsomely over the coming years, even if the overall stock market takes a breather for a while.

Obviously, investment success is never easily won, nor is it often immediate. Even modest gains usually take time to play out, but investing selectively in megatrends can increase the odds of success.

To learn more about how I identify, approach, and show my readers how to profit from megatrends, join my colleague Louis Navellier and me at our Escape Velocity Event.

There, we’ll go through how you can turn ordinary gains into extraordinary ones – even a 159% stock move into a 4,157% windfall.

Click here to see how.

Regards,

Eric Fry

P.S. Turning small stock moves into huge gains is one of the best-kept secrets in investing. Backtests show you could transform a triple-digit stock move into a staggering quadruple-digit win! Click here to get the full story.

On the date of publication, Eric Fry did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Eric Fry is an award-winning stock picker with numerous “10-bagger” calls — in good markets AND bad. How? By finding potent global megatrends… before they take off. In fact, Eric has recommended 41 different 1,000%+ stock market winners in his career. Plus, he beat 650 of the world’s most famous investors (including Bill Ackman and David Einhorn) in a contest. And today he’s revealing his next potential 1,000% winner for free, right here.

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Green hydrogen – the missing piece in Australia’s decarbonisation puzzle

Special Report: The recent IPCC report reminds us that action is needed to help Australia, and the rest of the … Read More
The post Green hydrogen –…

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The recent Intergovernmental Panel of Climate Change (IPCC) report reminds us that action is needed to help Australia, and the rest of the world, pick up the pace in reaching net-zero emissions.

Regardless of where you stand politically, the report – like many before it – tells us the world is getting hotter. And unequivocally, atmospheric carbon dioxide (CO2) concentrations are higher and rising faster than ever before.

With insights going back thousands of years, and the ability to send man to the moon, NASA is a reliable source of data into this matter. The graph below is extracted from the NASA website and shows the stark realities of atmospheric carbon dioxide.

And this is usually where the problem starts. More often than not, conversations about climate are fuelled by rage and regret. We do not focus on the facts or pragmatic and realistic options.

For example, how do we reach net-zero emissions whilst still providing 24/7 reliable power. Does driving an electric car fuelled by fossil fuel generated power really reduce CO2? How can we transition away from fossil fuels and maintain our standard of living? How can we reliably store renewable energy to ensure our grid stability?

 

Letting go of CO2 emissions

Currently, energy generation belches out a third of Australia’s CO2 emissions. With entire countries committing to net-zero emissions, surely, we can start with our grid?

Quite simply, without a net-zero energy infrastructure, a net-zero economy cannot exist.

But this won’t happen overnight.

We need an approach to bring together multiple renewable technologies to create a reliable renewable energy supply chain. One that won’t buckle and strain in peak hours or seasons.

A robust net-zero energy infrastructure is key to delivering lower greenhouse gas emissions without compromising on reliability.

 

Fuelling the transition

Green hydrogen has the potential to address decarbonisation and rising temperatures. It is clean, reliable, and can generate heat and power for everyday commercial, transport, and residential use.

What’s more, the National Hydrogen Strategy states 1kg of clean hydrogen avoids 15kg CO2 emissions.

As a result, it’s thought that hydrogen could supply up to 25% of the world’s energy needs by 2050.

At the same time, it will enable the storage of valuable solar and wind power for it to be distributed at times of peak consumption.

 

Safeguarding our planet, our economy, and our future

 The IPCC report is a call to action. But what it tells us is, we still have options.

What we know for sure is, the foundation of a net-zero economy is a net-zero infrastructure. Fossil fuels will be phased out and replaced with sustainable, renewable alternatives.

The place to start is looking at the systems that can be improved now. For example, as we phase out fossil fuels, we should look for integrated energy solutions. These are projects that combine key elements of green energy production and storage such as renewable baseload energy and hydrogen production.

Such projects will allow us to address our energy needs, while moving closer to the renewables that will support net-zero emissions.

More than 70 countries (representing over half the world’s GDP) are already on this path with net-zero carbon ambitions. Approximately half of these have hydrogen-specific strategies as a beacon for future decarbonisation and energy security.

To make this move successful however, we need dedicated, governmental focus on bringing green hydrogen to scale.

Verdant Earth Technologies firmly believes that renewable hydrogen will change the world, unlocking the net-zero future desperately needed to protect humanity’s collective future.

This article was developed in collaboration with Verdant Earth Technologies, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Green hydrogen – the missing piece in Australia’s decarbonisation puzzle appeared first on Stockhead.

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