Connect with us

Energy & Critical Metals

Samsung Reportedly Picks This Tiny Town In Texas For A Massive $17 Billion Chip-Making Factory

Samsung Reportedly Picks This Tiny Town In Texas For A Massive $17 Billion Chip-Making Factory

WSJ reports Texas Gov. Greg Abbott is scheduled…

Published

on

This article was originally published by Zero Hedge

Samsung Reportedly Picks This Tiny Town In Texas For A Massive $17 Billion Chip-Making Factory

WSJ reports Texas Gov. Greg Abbott is scheduled to make a major “economic announcement” on Tuesday at 5 pm local time concerning new plans for a massive semiconductor plant in Taylor, Texas. 

South Korean tech giant, Samsung Electronics Co., is doubling down in Texas with another facility, about 30 miles from its manufacturing hub in Austin. The new Taylor facility will cost a whopping $17 billion and create 1,800 jobs. Chip production wouldn’t start until the second half of 2024.

WSJ said officials in Taylor incentivized Samsung by giving them “property-tax breaks of up to 92.5% for the first ten years, with the write-offs gradually declining over the next several decades.”

“A final decision has not yet been made regarding the location,” a Samsung spokeswoman said.

Samsung is taking advantage of the Biden administration’s effort to lure advanced manufacturing back to the U.S., especially semiconductor production, as global supply chains are being reworked around China. 

In February, President Biden signed an executive order to address the global semiconductor chip shortage. “Make no mistake, we’re not simply planning to order up reports. We are planning to take actions to close gaps as we identify them,” an administration official said at the time.

Then in July, the Biden administration announced a “supply-chain disruptions task force” to identify bottlenecks. Secretary of Commerce Gina Raimondo has headed up the task force with the help of “Mayor Pete,” focused on semiconductors and other areas, including homebuilding and construction. 

This year’s semiconductor shortage has been very disruptive to domestic manufacturing firms. The problem is that while U.S. semiconductor firms account for 47% of global chip sales, only 12% of production is domestic. In the 1990s, the U.S. accounted for 37% of the global output. 

Is this move the beginning of Biden’s “Build Back Better” strategy working? Or is this reflective of a red state’s more-open and less-taxed status as being attractive for global competition? The U.S. is also seeking independence from China on large-capacity batteries for electric vehicles, rare earth minerals, and pharmaceuticals. 

Tyler Durden
Tue, 11/23/2021 – 11:28

Author: Tyler Durden

Energy & Critical Metals

IPO Watch: Lithium explorer Winsome Resources listed today – here’s how it performed

Two companies IPOd today but the biggest winner was lithium explorer Winsome Resources (ASX:WR1) who listed after raising a tidy … Read More
The post…

Two companies IPOd today but the biggest winner was lithium explorer Winsome Resources (ASX:WR1) who listed after raising a tidy $18 million at $0.20 per share.

The company’s shares were trading at 26 cents per share near close of play –  a healthy 30% above issue price.

Funds from the IPO will accelerate the company’s exploration at its three project areas – Cancet, Adina and Sirmac-Clappierin the James Bay Region of Quebec Province, Canada.

The aim is to establish a maiden resource of high quality spodumene concentrate that is suitable for conversion across multiple battery applications.

Notably, the most advanced project – Cancet – is a shallow, high grade lithium deposit and is strategically located close to established infrastructure and supply chains.

Plus, the company says that Quebec is one of the world’s most supportive, lowest risk mining regions, renowned for its world-class infrastructure and support for mining developments and is at the forefront of the North American push to develop its own EV battery supply chain.

Winsome managing director Chris Evans was previously MD of FireFinch (ASX:FFX) and COO of Altura Mining (ASX:AJM) – so it’s safe to say he knows what he’s talking about when he says it’s an exciting time to be exploring for lithium.

“Current trends show up to 10 times more lithium is required in the next decade to meet the demand and it is going to require a huge investment to get there,” Evans said.

“With more than 99 per cent of the world’s lithium reserves located in Australia, Argentina, Chile and China, our projects offer jurisdictional diversity and opportunity to contribute to the expanding North American battery industry.”


 

Biome Australia (ASX:BIO)

Also listing today was microbiome health company Biome Australia, who licences, develops and markets innovative, evidence-based, complementary medicines, including nutraceuticals (food-based vitamins and weight management products) and live biotherapeutics (probiotics).

The company IPOd at $8 million at $0.20 per share, and its shares were trading at 11 cents per share – a huuuge 41.25% drop below the issue price.

Biome will use the funds to accelerate new product development and commercialisation in the complementary medicines industry – which it says in Australia is estimated to be worth $5.69 billion.

The company currently distributes 22 products through more than 2,300 community pharmacies and a range of health practitioners and health food stores in Australia, New Zealand and the United Kingdom, with some of its products also available online.

“While supporting health professionals to improve patient health outcomes, Biome has doubled its revenue over each of the last two financial years, with annualised sales revenue to October 2021 showing continued growth,” chairman Ilario Faenza said.

It has a clear growth strategy that will be propelled by the IPO proceeds, accelerating commercialisation and product development.”


 

The post IPO Watch: Lithium explorer Winsome Resources listed today – here’s how it performed appeared first on Stockhead.



Author: Emma Davies

Continue Reading

Articles

Galan Lithium’s PEA returns robust economics for 25-year Candelas Lithium project

Special report: A competitive cash production cost for lithium carbonate of US$4,277/t positions the Candelas project as a low-cost developer … Read…

A competitive cash production cost for lithium carbonate of US$4,277/t positions the Candelas project as a low-cost developer in the lithium industry.

Galan Lithiums’ preliminary economic assessment (PEA) for the Candelas Project in Argentina’s Catamarca Province has returned ‘robust’ economic results, featuring a pre-tax NPV of US$1,225 million and IRR of 29.9% with a four-year payback period.

The study has estimated a production profile of 14,000 tonnes per annum of battery grade lithium carbonate (LCE) product including some technical grade product for the first three years.

This means Galan (ASX:GLN) now has two PEA study level projects with combined long term production potential of 34,000 tpa LCE.

The company believes the outcomes at Candelas can be further optimised and enhanced to refine the project’s potential.

Pic: Supplied

‘Projects among the lowest cost of any future products’

Galan (ASX:GLN) managing director Juan Pablo Vargas de la Vega said: “We remain excited about the potential value add for our shareholders once we enter the lithium market with prices expected to be +US25k/t LCE.

“Our projects would now be among the lowest cost of any future producers in the lithium industry, due to their high grade and low impurity setting, green credentials and a low carbon footprint.

“Galan is excited to be a part of the solution to the global decarbonisation story.”

Optimising next steps

Vega added that the company now has a solid commercial base to move forward with a clean, low-tech, and low energy solution.

“We also believe we have capability to further review and reduce Opex and Capex.

“We have learnt so much more about Candelas on this journey and will continue to apply our findings in optimising our next steps at the pre-feasibility and definitive feasibility studies.

“Importantly, we will also continue to review the possibility to produce lithium chloride concentrate to reduce time to market and capital expenditure at both of our projects.

“As a result, we remain determined to bring our projects to market in the shortest possible time so that we can supply lithium for future lithium battery requirements needed for electric vehicles.”

Preparation of the project’s PEA was managed by Ad Infinitum and Galan’s project manager for the engineering inputs including the recovery method, project layout and infrastructure, capital cost and operating cost estimates and overall economic evaluation.

The other sections of the study were managed by consultants and employees of Galan Lithium Limited.

Market outlook

Galan has assumed a conservative view to long term lithium pricing and as a result, has taken a mid-point between the long-term pricing between the 17th and 18th Editions from Roskill of US$18,594/t.

Roskill expects contract prices for lithium carbonate battery grade and hydroxide to remain near to or above US$25,000/t on a long-term real (inflation adjusted) basis.

After softening in 2019 and 2020, prices on a nominal basis the long-term lithium carbonate battery grade price is projected to rise to around US$30,000-40,000/t .

Strong demand growth for refined lithium products is forecast to be sustained by expanding production, new market entrants and the draw-down of stockpiled material through to 2026, though a fundamental supply deficit is expected to form in the late 2020s.

Significant further investment in expanding production capacity at existing operations, in addition to new projects and secondary lithium sources will be necessary to meet projected demand growth through to 2030.

 


 

 

This article was developed in collaboration with Galan Lithium, 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 Galan Lithium’s PEA returns robust economics for 25-year Candelas Lithium project appeared first on Stockhead.



Author: Special Report

Continue Reading

Energy & Critical Metals

GTI Resources storms ahead with drilling at THOR ISR Uranium Project in Wyoming

Special Report: The Wyoming properties are close to UR Energy’s (URE) Lost Creek ISR Facility and Rio Tinto’s Sweetwater/Kennecott Mill. … Read More
The…

The Wyoming properties are close to UR Energy’s (URE) Lost Creek ISR Facility and Rio Tinto’s Sweetwater/Kennecott Mill.

GTI Resources has started drilling on schedule at the THOR ISR Uranium Project in Wyoming’s Great Divide Basin, US, with two mud rotary drill rigs undertaking a 15,000m program of around 100 holes.

The program is designed to confirm the grade and tenor of uranium mineralisation that was previously identified by Kerr McGee in the 1980s and to ultimately support definition of an economic ISR uranium resource.

GTI (ASX:GTR) has prioritised the Thor Project area for drilling based on historical exploration data, which includes results of 83 historic drill holes as well as some drill logs, and the project’s location on the mapped REDOX boundary.

Mineralisation encountered in the historical drill holes is located around 120–180m from surface.

Project location

Location map. Pic: Supplied

The THOR ISR project lies with 5-30km of both Ur-Energy’s Lost Creek ISR uranium facility and Rio Tinto’s Kennecott Sweetwater uranium deposits and mill.

The project is readily accessible being flat lying and adjacent to a significantly improved and maintained county road.

GTI
Mud rotary drill rigs, ancillary equipment, and support vehicles at the Thor Project. Pic: Supplied

Drilling to identify REDOX boundaries

GTR’s main objective is to identify REDOX boundaries and potential host sands in addition to defining the depth, thickness, grade, and width of mineralisation across the REDOX front.

The program may also enable the estimation of inferred mineral resources or an exploration target but ultimately, the company says it hopes to encounter mineralisation of similar tenor to that encountered at the nearby Lost Creek deposit.

Economic cut-off criteria for sandstone hosted ISR uranium projects in Wyoming’s Great Divide Basin include:

  • Grade greater than 0.02% eU3O8 (200 ppm);
  • Grade x Thickness (GT) greater than 0.2 ( 3m at 200ppm);
  • Width of mineralisation above cutoff nominal 15m; and
  • Nominal GT of 0.4.

Looking ahead

Drilling is expected to take less than 30 operational days to complete and allowing for weather interruptions and the Christmas break, GTI expects that the program will be concluded in early 2022, if weather conditions remain favourable.

Results are expected to be available in the weeks after the final holes have been completed and recommendations for next steps will be developed at the end of the drill program, as late as July 2022.

 


 

 

This article was developed in collaboration with GTI Resources, 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 GTI Resources storms ahead with drilling at THOR ISR Uranium Project in Wyoming appeared first on Stockhead.


Author: Special Report

Continue Reading

Trending