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NIO Delivers 24,439 Electric Vehicles In Q3 2021

Chinese smart electric vehicle company NIO Inc. (NYSE: NIO) reported today that it has delivered a total of 24,439 electric
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This article was originally published by The Deep Dive

Chinese smart electric vehicle company NIO Inc. (NYSE: NIO) reported today that it has delivered a total of 24,439 electric vehicles in the three months ended September 2021. The company relayed that this is a 100.2% year-on-year increase in deliveries.

The automaker was able to deliver 10,628 vehicles globally in September 2021 alone, an “all-time high” monthly record for the firm. Breaking this down, the monthly figure comprises 1,978 six or seven-seater flagship electric SUV ES8s, 5,260 five-seater electric SUV ES6s, and 3,390 five-seater electric coupe SUV EC6s.

To date, the Chinese maker has delivered 142,036 electric vehicles in 2021.

The firm also relayed that it opened its NIO House on Septmber 30, 2021, and completed its first batch of vehicle deliveries in Norway.

NIO Inc. last traded at US$35.63 on the NYSE.


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 NIO Delivers 24,439 Electric Vehicles In Q3 2021 appeared first on the deep dive.

Author: ER Velasco

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Energy & Critical Metals

Hyperion Metals increases Tennessee land position at Titan Project by 78%

Special report: The company’s land consolidation strategy has rapidly grown its landholdings by 419% from its initial 2,100-acre position in … Read…

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The company’s land consolidation strategy has rapidly grown its landholdings by 419% from its initial 2,100-acre position in September 2020.

Hyperion Metals has increased its land position at the Titan Critical Minerals Project by 78% in west Tennessee, USA by 4,794 acres to 10,905 acres, enabling further growth in the resource.

Since September 2020, Hyperion (ASX:HYM) has grown its landholding by 419% from its initial 2,100 acre position.

These new landholdings include mineral rights contiguous to the recently reported mineral resource estimate at the Titan Project of 431mt at 2.2% THM, which established the project as the largest titanium, zircon, and rare earth minerals project in the US.

Hyperion has also acquired land positions over greenfield locations up to 80km from the Titan Project, with planned exploration work on these properties to help guide future land consolidation.

‘Compelling combination of scale and grade’

HYM managing director and CEO Anastasios Arima said Titan has a “compelling combination of scale, grade, high value critical mineral products, low-cost inputs, world class infrastructure and location” and looks forward to rapidly advancing the critical mineral project.

“We are also highly appreciative of the deep support we have received from the local west Tennessee community that will help us to establish zero carbon, sustainable, critical material supply chains for advanced American industries,” he said.

Major automotive, battery and chemical operations near the Titan Project. Pic: Supplied.

The company says its landholdings benefit from significant cost advantages due to the location and proximity to low cost, world-class infrastructure. That’s expected to provide material cost and logistics advantages compared to projects located in more remote areas.

These factors have contributed to a huge amount of recent investment in Tennessee, highlighting the region as a leading jurisdiction for business, including by major auto manufacturers Ford and Volkswagen, world leading battery producers LG Chem and SK Innovation, as well as major chemical organisations and end users including Chemours.

 


 

 

This article was developed in collaboration with Hyperion Metals, 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 Hyperion Metals increases Tennessee land position at Titan Project by 78% appeared first on Stockhead.


Author: Special Report

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Lithium darling Vulcan Energy calls a halt in the wake of J Capital short report

Activist short seller J Capital Research has put ASX market darling Vulcan Energy (ASX:VUL) in its cross hairs, calling the … Read More
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Activist short seller J Capital Research has put ASX market darling Vulcan Energy (ASX:VUL) in its cross hairs, calling the company a “wannabe lithium miner” which “based highly optimistic assumptions for (its) project on work done by small consultancies that were owned by management and acquired by Vulcan.”

Vulcan Energy, J Capital — game on

Vulcan owns the Zero Carbon Lithium Project in Germany’s Upper Rhine Valley, where it promises to produce both renewable electricity and lithium on a ‘carbon negative’ basis from deep geothermal wells.

Excitement around the project has seen Vulcan raise more than $300 million from investors this year alone, secure lithium offtake deals with Umicore and LG and bring Australia’s richest person Gina Rinehart on board as a backer.

The company’s shares are up more than 6,000% since its management engineered a reverse takeover of minerals explorer Koppar Resources, having dropped in recent weeks from a high of more than $16 — 80x Vulcan’s 20c share price in early 2020.

That market exuberance transferred through to Kuniko (ASX:KNI), an arguably run of the mill Scandinavian base metals explorer spun out of Vulcan that mooned on listing in August.

Vulcan has also been the subject of some scepticism. While it maintains both its component parts of geothermal energy generation and direct lithium extraction are well understood and existing commercial technologies, no geothermal lithium project has entered commercial production to date.

“They claim the project is a twofer: profitable geothermal power and “green” lithium,” J Capital’s Tim Murray wrote in the note, titled ‘Vulcan: God of Empty Promises’.

“Neither assertion is likely to be true. ”

“Our research shows that the project may never actually get under way: the costs are higher than the company claims, output will be lower, the environmental impact is brutal enough that public outcry will block permits, as has happened before in the area, and the quality of the lithium resource is low.

“Many experts agree with us that this project is a non-starter.”

What was Vulcan’s response?

Pre-market indicators on Commsec suggested Vulcan, which was trading at $14.99 and a market valuation of $1.87 billion, was looking at 13% hit to its share price on the open this morning (now more like 10% according to Commsec).

It is now in a trading halt to prepare a detailed response to the J Capital Research note, after issuing a brief riposte this morning.

In it, Vulcan took aim at Murray’s background, as well as J Capital’s disclaimer that it plans to profit off shorting the stocks it reports on and does not hold an Australian Financial Services License.

“The report is authored by a Mr. Tim Murray, co-founder of J-Capital, who according to his own bio has lived in China for 19 years and has a degree in “Chinese Political Economy”,” Vulcan said.

“Based on his online profile, it is not apparent that Mr. Murray has any technical qualifications in geothermal energy or lithium extraction.”

“Mr. Murray’s report makes a large number of inaccurate statements and assertions regarding Vulcan and its Zero Carbon Lithium Project — in particular its Pre-Feasibility Study (PFS) published over nine months ago.

“Given the warning on J Capital’s website, it is clear the report is merely an attempt to profit from ‘shorting’ Vulcan.”

Vulcan went on to trumpet the “globally unique experience in geothermal energy project development and direct lithium extraction” across its 80 person team, saying it was committed to delivering the project.

“We are highly motivated towards achieving our goals of decarbonising these industries, and will always happily dedicate time and effort to answer any questions about our Zero Carbon Lithium Project that come from stakeholders with a genuine interest in the Company and the Project,” Vulcan claimed.

A more detailed response to the claims made in the J Capital report appears to be on its way.

What did J Capital claim?

J Capital claimed in its report that several positive claims made by Vulcan in its January pre-feasibility study were inflated. The PFS gave the Zero Carbon Lithium Project a 2.8 billion Euro NPV.

Murray said “assumptions in the PFS that beautify the project are easily disproved.”

He claims Vulcan has likely overstated its flow rates and recoveries in the PFS, and ignored evidence of community opposition to geothermal energy projects in Germany and adjacent regions of France.

He also criticised the use of Vulcan co-founder Horst Kreuter’s consultancy Geo-T, later purchased by Vulcan, in its PFS.

Murray claimed Kreuter received 1.5m performance shares on the successful completion of the PFS, and resigned as a director on March 25.

Vulcan also acquired Gec-co, which had worked on the PFS, having appointed its CEO and owner Thorsten Weimann as COO of Vulcan.

“Gec-co and GeoT provided a key assumption for the PFS, for flow rate, that is unrealistic,” Murray claimed.

“The recovery rate for lithium is also unrealistic. Realistic assumptions would halve the output of lithium and kill the commercial viability of the project.”

Among a litany of other claims, J Capital says Vulcan has published an unrealistic production schedule and is likely to face significant public opposition, something MD Francis Wedin said was not likely in an interview with Stockhead in July, and that geothermal wells often have a high failure rate.

Although it released a statement this morning, Vulcan requested a trading halt “pending an announcement to the market in order to prepare a response to an online report.”

Vulcan Energy share price today:

 

The post Lithium darling Vulcan Energy calls a halt in the wake of J Capital short report appeared first on Stockhead.





Author: Josh Chiat

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Sparc’s game changing joint venture could create low cost ‘ultra green hydrogen’ without electricity

Special Report: One of the core technologies in the fight against climate change is green hydrogen, clean-burning H2 gas produced … Read More
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One of the core technologies in the fight against climate change is green hydrogen, clean-burning H2 gas produced by sending an electrical pulse – generated by wind or solar power – through water.

While it has support from the upper echelons of the business world, a major roadblock to the production process is its cost relative to current forms of hydrogen production, which use fossil fuels as a feedstock.

But what if you never had to produce electricity at all?

Sparc Technologies (ASX:SPN) today announced it will link up with the University of Adelaide to progress an Australian made “ultra green hydrogen” technology that does not require electrolysis to extract the lightweight gas from water.

Without the costs of generating renewable energy, the project partners are targeting a commercial scale technology to help meet the $2/kg target widely regarded as the mark green hydrogen needs to limbo under to be cost competitive.

Game changing technology

Marking a big move for the graphene technologist into green energy, Sparc Technologies believes the globally significant project can be a game changer for the hydrogen industry, expected to be worth up to US$12 trillion globally by 2050.

“Green hydrogen energy has often been touted as being able to provide base load electricity, however it has struggled to compete economically against conventional fossil fuel base load electricity,” Sparc Technologies executive chairman Stephen Hunt said.

“This globally significant project offers a realistic pathway to achieving economically feasible green hydrogen energy and to advancing industry to net-zero.”

Hunt said Sparc was looking at applying its existing graphene expertise in the green energy space as well, developing graphene coatings to be used in conjunction with a catalyst in the production process.

“Developing additional graphene applications in the ultra-green hydrogen energy space is also a very important growth opportunity for Sparc.”

The process

The ultra green hydrogen process developed by University of Adelaideand Flinders University.

It involves the use of photocatalysis, the acceleration of a photoreaction in the presence of a catalyst.

In catalysed photolysis, light is absorbed by an adsorbed substrate. In photogenerated catalysis, the photocatalytic activity depends on the ability of the catalyst to create electron–hole pairs, which generate free radicals like hydrogen to be able to undergo secondary reactions.

Photocatalytic water splitting is an artificial photosynthesis process with photocatalysis in a photoelectrochemical cell used for the dissociation of water into its constituent parts.

In other words, only light energy and a catalyst could be needed to split water into oxygen and hydrogen, which has emerged as the likely replacement for gas and diesel in heavy industry and long haul vehicles.

On top of the potential cost savings, without the footprint associated with massive scale wind and solar farms, the technology can also be adopted remotely at the site of use, reducing the development and transmission costs of electricity and transport.

So far there has been plenty of research into the topic, but no technology has been commercialised.

Sparc and the University of Adelaide are looking to change that.

The Ultra Green Hydrogen Process. Pic: Sparc Technologies

Joint Venture terms

The Australian Solar Thermal Research Institute, the UoA and Flinders University have invested $2.5m to date over a 5-year period into the research.

A provisional patent was applied for in April 2021, and research has already been undertaken on the use of graphene to be used in conjunction with the photocatalyst, where the prototype demonstrated a significant increase in hydrogen production with certain temperatures.

Under the JV the University of Adelaide will retain 28% of the JV with Sparc taking a 72% share.

Sparc will issue 3 million shares to UoA and put $4.75 million into the project over the next 4.5 years, including $2m for the 2.5 year first stage, $2.5m over the second stage and $250,000 to be paid to UoA for operations set up and a scholarship.

“This is an exciting opportunity for us to combine with the University of Adelaide, reconfirming our commitment to seeking out and developing new green technologies that include Sparc graphene technology,” Sparc managing director Mike Bartels said.

“The hydrogen production process we are developing is world leading, cutting-edge in that it does not require electrolysis as the means of producing hydrogen.

“Employing patented technology, hydrogen will be produced by a process known as photocatalysis and most importantly this project is not just about delivering green hydrogen – we are confident that this process will deliver ultra-green hydrogen at the low end of the cost curve.

UoA Executive Director, Innovation & Commercial, Dr Stephen Rodda said: “This joint venture is a perfect example of the University of Adelaide’s internationally regarded research being brought to a commercial outcome, which we hope will have benefits for industry and the community.

“We are proud to be the leading university involved in this venture, applying our research and innovation in responding to one of the great challenges of our times: the development of green energy solutions for our planet.”

Placement to fund JV

Sparc has received firm commitments to raise $2.8 million before costs, via a placement of 4 million shares at 70c a pop.

The placement, conducted at a 21.8% discount to Sparc’s last traded price of 89.5c, was conducted by Discovery Capital Partners and Westar.

 


 

 

This article was developed in collaboration with Sparc 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 Sparc’s game changing joint venture could create low cost ‘ultra green hydrogen’ without electricity appeared first on Stockhead.

Author: Special Report

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