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  • 2 weeks later...

Talga Appoints Morgan Stanley as Financial & Transaction Advisor. 18 Nov

Morgan Stanley has strong commercial relationships with existing and potential Talga battery anode customers and joint venture/ development partners, and has acted in various M&A, corporate advisory and capital market roles for a range of major EV industry participants.

ABB and Talga Sign Agreement 
 for Swedish Battery Anode Project. 24 Nov

Under the MoU, ABB will utilise its industrial automation and electrification expertise to develop and co-ordinate an extensive suite of production control and process solutions for Talga's vertically integrated lithium ion battery anode operations. In addition, ABB will work together with Talga and its partners to provide engineering support for the Vittangi Anode Project Definitive Feasibility Study, due for completion March 2021, with the intent to execute binding agreements for construction and operations in future.

 

now trading above $2 a share. (both Announcements not Market Sensitive)

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  • 3 weeks later...

• Talga is undertaking a fully underwritten placement to raise A$25 million

 

• Proceeds will be used to fund the Electric Vehicle Anode (EVA) pilot plant as part of the development of the Vittangi Anode Project located in northern Sweden

 

• Placement issue price of A$1.450 per share, representing a discount of 17.8% to the last closing price of A$1.765 per share as at 14 December 2020 and a 17.3% to the 1 month volume weighted average price (VWAP) of A$1.754

 

• Talga is also undertaking a non underwritten Share Purchase Plan for all eligible shareholders to raise up to A$10 million.

 

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  • 4 weeks later...

less than a week to go, for the SPP (unless it closes earlier):

 

 

TLG has traded consistently above the $1.45, (went as low as $1.54 but usually closer to $1.70 and now nudging $1.92), so there is every likelihood it is oversubscribed. On previous form, the company has only ever taken in what it set out to raise, so the prospect of scaleback looms. From the offer:

As the SPP is not underwritten, the SPP may raise more or less than this amount. If the SPP raises more than A$10 million, Talga may decide in its absolute discretion to accept applications (in whole or in part) that result in the SPP raising more than A$10 million.

and the tricky bit ...

If Talga decides to conduct any scale back of applications ....[it] will be applied to the extent and in the manner Talga sees fit, which may include taking into account a number of factors such as the size of an applicant's shareholding at the record date, the extent to which the applicant has sold or purchased shares since the record date, whether the applicant has multiple registered holdings, the date on which the application was made and the total applications received from eligible shareholders.
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  • 2 weeks later...

Talga Upsizes Heavily Oversubscribed 
 Share Purchase Plan

The SPP, targeting
A$10 million,
was heavily oversubscribed with eligible applications received for A$53.5 million at the issue price of A$1.45 per share. Talga received 3,991 applications, representing a participation level of ~53% of eligible shareholders

Given the strong support from shareholders, and the potential to bring forward a number of development opportunities and further derisk project development, the Talga Board has exercised its discretion under the terms of the SPP to increase the size of the offer to ~A$30 million.

 

The strong demand from eligible shareholders necessitates a significant scale-back of SPP applications. Scale backs have been applied using a range of factors outlined in the SPP Offer Document including trading activity since the SPP Record Date and metrics to reward longer-term shareholders.

So, complex calculations. An oversubscription x5, and a tripling of amount raised. Derisking, yes, but diluting, too. Still,, rather it benefits retail than the big end.

 

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  • 2 weeks later...
TLG has traded consistently above the $1.45, ....
until the SPP ended.

 

 

Always a source of bemusement, when stags and corporate rebasing meet, and retail bunnies look on with curious detachment.On the day after the SPP closed, announced 3x uptake from $10m to $30M, and allocations made, then TLG dipped below offer price, getting to $1.39 on low volume it must be said.

 

Given the strong support from shareholders, and the potential to bring forward a number of development opportunities and further de-risk project development, the Talga Board has exercised its discretion under the terms of the SPP to increase the size of the offer to ~A$30 million.

Activities planned to be brought forward using the additional capital include:

• Completion of 25,000 tonne trial mine at Niska South and subsequent production of up to 5,000 tonnes of commercial Talnode® product samples;

• Commencement of early stage infrastructure works and securing long lead items for the commercial 19,000 tonnes anode per annum Vittangi Anode Project with planned 2023 production start;

• Increased drilling to expand Talga's Swedish graphite resources and upgrade/deepen its Vittangi resources across Nunasvaara South (DFS expected March 2021), Niska South, Niska North and Nunasvaara North (Scoping Study released 7 December 2020); and

• Accelerate the development and commercialisation of next generation Talnode® products including silicon and solid state anodes.

 

Quarterly is out ... and the

In response to customer feedback, potential expansion options for the Vittangi Anode Project were considered in a stand-alone scoping study of the graphite resources to the north of the Nunasvaara South deposit; Nunasvaara North, Niska South and Niska North. The Niska production would add to the existing plans of a 19,000tpa operation1, due to commence production in 2023, and take Talga's total Talnode®-C production to >100,000tpa by 2025-26.

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  • 2 months later...

1. No

2. Not applicable

......

4. In Compliance

3. The Company is not aware of any other explanation for the price change and increase in volume in the securities of the Company. The Company notes that the battery materials sector, in which Talga operates, has recently seen a significant increase in positive sentiment. This sector wide performance may be related to a number of positive factors relevant to the sector during this period including but not limited to:

 

Announcements by major automotive companies planning increases to electric vehicle production which suggests associated demand for graphite anodes in the lithium-ion batteries powering said vehicles (for example the more recent Friday 23 April 2021 Honda announced that all sales will be electric vehicles by 2040, with a concurrent US$46 billion to spent on electrified mobility over 6 years https://bloomberg.com/news/articles/2021-04...hicles-by-2040).

 

Numerous governments announcing plans that would include support for strategic investments in the battery materials supply chain (for example the more recent 31 March 2021 USA introduces plan for investment of $174 billion to electrify their automotive industry https://www.whitehouse.gov/briefingroom/sta...can-jobs-plan/).

 

Increased awareness of Talga's progress towards building and operating Europe's first large-scale graphite anode production facilities and strategic role in supporting the transition of battery customers to achieve net zero targets ( 19 April 2021 https://www.talgagroup.com/irm/PDF/6f9b1552...esEVAnodePlant).

up 25% and closed at $1.72. hit a high of $1.79 around mid day

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  • 1 month later...

Talga has announced the positive conclusion of its two feasibility studies into the technical and commercial prospects of a Talga Anode Refinery in the UK.

 

 

The Studies, investigating the feasibility of UK production of Talga's active battery anode products Talnode®-C and Talnode®-Si, were co-funded by Innovate UK under the UK Government’s Automotive Transformation Fund (ASX:TLG 4 November 2020).

Talga UK anode production would potentially deliver secure, cost-effective and sustainable active battery material for a more self sufficient UK electric vehicle industry. The Studies found it is technically and economically feasible to refine and produce Talga anodes in the UK, and identified the factors within the commercial, engineering, permitting and energy supply aspects of the project that would need to be further investigated.
.

 

 

 

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