Connect with us

Energy & Critical Metals

Titan Project’s maiden resource establishes Tennessee as untapped critical mineral province

Hyperion Metals has released the maiden resource estimate (MRE) for its Titan Project which it says establishes it as the … Read More
The post Titan…

Share this article:

Published

on

This article was originally published by Stockhead

Hyperion Metals has released the maiden resource estimate (MRE) for its Titan Project which it says establishes it as the largest titanium, zircon, and rare earths minerals project in the USA – and confirms Tennessee as a new major critical mineral province.

The Titan project has a total mineral resource of 431 million tonnes at 2.2% total heavy minerals (THM) containing 9.5 million tonnes THM at 0.4% cut-off, with 241 million tonnes (56%) classified in the indicated resource category.

This includes a high-grade core of 195 million tonnes at 3.7% THM, containing 7.1 million tonnes THM at a 2% cut-off.

The THM consists of 12% zircon, 10% rutile, 40% ilmenite and 2% rare earth elements (REE) concentrate, and the mineralisation occurs in a single, large, near-surface deposit.

Hyperion Metals (ASX:HYM) says the combination of the grade, the high value THM assemblage as well as the low-cost jurisdiction and existing infrastructure highlights the potential to build a low-to-zero carbon, world-class critical mineral business in the US.

A key player in the domestic supply chain

The US is one of the largest global consumers of finished products containing these metals but is currently 100% reliant on imports – which is the driving force behind securing domestic supply chains for industry.

And the company is confident it could play a key role in securing these supply chains.

“Hyperion’s mission is to sustainably re-shore the production of American critical minerals and metals, and this maiden MRE is a crucial step towards this goal,” Hyperion CEO and managing director Anastasios Arima said.

“The maiden MRE has immediately established the Titan Project as a major, untapped potential source of critical minerals rich in titanium, zircon and heavy and light rare earths.

“The combination of scale and grade of these high value, critical minerals – in a low risk, low cost and low tax jurisdiction – has the potential to drive significant value creation.

“Together with our breakthrough titanium technologies and the strong partnerships we are building with industry, we believe we can deliver a sustainable US critical supply chain that will create long term value for the communities of west Tennessee, future offtake partners and our shareholders.”

Low carbon play in low-cost jurisdiction

The company reckons the Titan project is amenable to low cost and low impact minerals and extraction techniques such as dozer push followed by an industry standard mineral processing flowsheet.

The project also has a major logistical advantage with 150,000km of highway putting Tennessee within a day’s drive of most US consumer markets. The Titan project is also amongst the third largest rail centre in the US and has four commercial airports and 1600km of navigable waterways adjacent to it.

This means it would have a lower carbon intensity supply chain which would also result in lower costs for consumers, including the world’s largest pigment plant, which consumes titanium minerals as a feedstock, and is located around 20 miles away by road.

And the region is a low-cost jurisdiction for renewable power (US$0.06/kWh), biodiesel (US$0.94/l) and labour (US$50k per annum) which are major input costs in typical mineral sands operations.

Titan Project MRE drill holes and outline, plus drill holes pending for potential inclusion in an MRE update.

The maiden resource has room to grow

The MRE is based on 107 drill holes totalling 4,101m – but there’s potential to grow with another 109 drill holes for 3,566m which are in the final stages of analysis and will be incorporated into an upgraded MRE.

Hyperion also expects that accelerated land consolidation will create a platform for ongoing growth of the MRE.

 


 

 

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 Titan Project’s maiden resource establishes Tennessee as untapped critical mineral province appeared first on Stockhead.






Author: Special Report

Share this article:

Energy & Critical Metals

The UK records a 1.1GW increase in renewable PPAs

According to Cornwall Insight’s ‘Renewable PPA market share report’, the market for renewable PPAs is showing increased capacity despite challenges…

Share this article:

According to Cornwall Insight’s ‘Renewable PPA market share report’, the market for renewable PPAs is showing increased capacity despite challenges in the sector.

In fact, Cornwall Insight assessed a total of 30,710 MW of renewable PPA capacity, a 1,190MW increase from the company’s previous report, which assessed capacity as of September 2020.

Below is a graph that highlights the publicly announced capacity since August 2019. It also shows that the majority of this new capacity came from projects commissioning under the Contracts for Difference (CfD) scheme. As of March 2021, Cornwall Insight identified 905 MW of active CfD capacity signed to a PPA, with a further 3.7 GW of capacity signed to PPAs but not yet operational.

Lee Drummee, Analyst at Cornwall Insight, said: “Corporate Power Purchase Agreements (CPPA) have been increasing in recent years as the market matures and generators seek alternative routes to market to use subsidies. In addition, since the Renewables Obligation and Feed-in Tariff schemes closed to new capacity there has been a gap in the market for generators outside of the CfD, with CPPAs becoming increasingly crucial for generators looking to secure revenues for projects. Similarly, CPPAs have become an effective way for businesses to prove their green credentials.

Have you read?
Solar finance solutions launched to ease impact of UKs energy crisis
Net-zero investment needs to be protected through the UK energy crisis
Gap between cheapest UK energy deals and price cap shrinks to lowest level

“The majority of CPPAs that we have identified have been signed with new-build subsidy-free projects, with solar PV and wind the preferred technologies akin to a more positive attitude from the public towards these asset types, as well as their levelised cost advantages.

“The length of CPPAs analysed in the report varies considerably, ranging between 4 and 25 years, with the most common deal lengths being 10 and 15 years. The longer-term deals tend to be signed with new build projects, needing greater revenue security to develop.

“While subsidy-free PPAs have been more common with corporate buyers, subsidy-free deals between utilities and generators have gained traction. Since we actively began to track these deals in August 2019, we have identified PPAs for 3.8GW of new build capacity. Whilst the vast majority (2.5GW) is with CfD assets. Large portions are also made up of subsidy-free CPPAs (890MW) and subsidy-free utility PPAs (420MW). Over the same timeframe, approximately 2.1GW of existing assets signed new PPA deals, with 1.9GW being signed with a utility offtaker and just 120MW purchased by a corporate buyer.

“While liquidity in the long-term PPA market seems to have improved, right now, developers will be weighing up their options between CfD Allocation Round 4 and alternative routes to market such as utility PPAs and CPPAs.

“Away from PPAs for new build assets, we noted that activity in the short-term PPA market has been buoyed by the continued rise in power prices with competition levels remaining high. However, recently levels of volatility in the wholesale market are creating a different set of challenges, often making fixed priced deals more challenging to offer.”

The post The UK records a 1.1GW increase in renewable PPAs appeared first on Power Engineering International.

Author: nicholasnhede

Share this article:

Continue Reading

Energy & Critical Metals

Burundi’s first grid-connected solar farm reaches commercial operation

A pioneering 7.5MW solar PV plant has reached commercial operation in Burundi, increasing the country’s generation capacity by over 10%.
The post Burundi’s…

Share this article:

A pioneering 7.5MW solar PV plant has reached commercial operation in Burundi, increasing the country’s generation capacity by over 10%.

It’s the country’s first substantial energy generation project to go online in over three decades, supplying clean power to tens of thousands of homes and businesses.

The plant near the village of Mubuga supports international efforts to increase renewables and climate finance, especially for the world’s most vulnerable communities.

Have you read?
New MoU to support a just energy transition in South Africa
Solar finance solutions launched to ease impact of UKs energy crisis

UK Minister for Energy, Clean Growth and Climate Change, Greg Hands, said: “Today’s launch of Burundi’s first grid-connected solar farm will light up the nation’s energy system. It will strengthen the national grid supply and propel forward a promising future for the country in clean, green energy.

“Set to increase Burundi’s power generation capacity by 10%, this pioneering project, backed by UK government funding, is a fantastic example of countries working together ahead of COP26. Investing in a green future benefits the economy and the planet.”

The six-year process of building the solar plant was led by energy developer and independent power producer Gigawatt Global.

Financing for the construction of the project was provided via a consortium including pan-African private equity investor Inspired Evolution, the UK government-funded Renewable Energy Performance Platform (REPP – managed by Camco Clean Energy), and Gigawatt Global.

The construction loans are being refinanced by the US International Development Finance Corporation (DFC).

Additional support for the project was provided directly and indirectly from the Energy and Environment Partnership (EEP – a fund set up by Finland, the UK and Austria), the Belgian Investment Company for Developing Countries (BIO), Trinity International has advised the Gigawatt Global and Inspired Evolution equity teams since 2017. Engineering, procurement and construction services were provided by French firm Voltalia, and political risk re-insurance is provided by DFC.

Gigawatt and Voltalia Teams. Image credit: Gigawatt Global

Gigawatt Global CEO Josef Abramowitz said: “We thank our impact investors and strategic partners, as well as the Burundi government, for joining forces to accomplish this historic milestone on the road to climate justice and fulfilling many of the UN’s Sustainable Development Goals.”

Abramowitz, who was nominated by 12 African countries for the 2021 Nobel Peace Prize for his pioneering commitment to green energy access, continued: “Green energy projects that serve the most vulnerable communities should be prioritized by the international community.”

The Burundi field recently received the award for “Project of the Year” from EEP.

Gigawatt Global is also building a community centre powered by solar energy that will offer local access to productive use of electricity.

The centre will focus on community development through women’s empowerment and youth and employment programs, along with various educational components being developed with local and international NGOs.

The post Burundi’s first grid-connected solar farm reaches commercial operation appeared first on Power Engineering International.

Author: Pamela Largue

Share this article:

Continue Reading

Energy & Critical Metals

Chart of the Day: Plenty of immediate upside targets for Ionic Rare Earths

Let’s get into it. Iconic Rare Earthss (ASX:IXR) is a bullish set up from a technical perspective. It’s in an … Read More
The post Chart of the Day:…

Share this article:

Let’s get into it.

Iconic Rare Earthss (ASX:IXR) is a bullish set up from a technical perspective.

It’s in an uptrend. The moving averages are sloping up.

It’s shown us that when it wants to the market can get a hold of it – as evidenced by the fierce run from 1.5c to 6c at the start of this year.

 

Chart of the Day: Ionic Rare Earths (ASX:IXR)

There are no immediate gaps on the chart to worry about that need to be filled.

The company surpassed 4c resistance yesterday on increasing volume, which was a positive sign. However, after touching 4.5c in intra-day trade, it has now settled back to close at 4.2c, leaving a daily selling candle.

That infers that a test of 3.8 – 4c may be on the cards.

In our view that would make attractive buying.

Given the negative response to the scoping study in late April, there are plenty of immediate upside targets, the most immediate being 4.7c, with further potential to those March highs above 6c.

Back the other way, and we don’t need to hold this below 3.5c.

The company is well funded – reporting over $11m on balance sheet at their last quarterly – with an updated quarterly anticipated before the end of the month.

We are long as of yesterday, and will manage the trade to the above risk, looking for 4.7c first, with potential to above 6c if things go their way.

Steve Collette of Collette Capital Pty Ltd (ABN 56645766507) is a Corporate Authorised Representative (No. 1284431) of Sanlam Private Wealth (AFS License No. 337927), which only provides general advice.

Collette Capital only makes services available to professional and sophisticated investors as defined by the Corporations Act, Section (s)708(8)C and 761G(7)C.

The Collette Capital Wholesale IMA Strategy has returned +24.83% p.a. net of all fees as at the end of September 2021 since inception in January 2015 (using the Time Weighted Return method of calculating returns).

Learn more at www.collette.capital

The post Chart of the Day: Plenty of immediate upside targets for Ionic Rare Earths appeared first on Stockhead.


Share this article:

Continue Reading

Trending