TLG - Talga Group

"5 Swedish projects receive strategic project status - important for EU materials supply​

Published 25 March 2025

The European Commission has today decided that five Swedish projects will be granted strategic project status under the EU Critical Raw Materials Regulation. The aim is to strengthen the EU's supply of strategic raw materials.

- ‘It is important for Sweden and the EU to increase mineral production and recycling of metals, which is a prerequisite for the green transition. Improving self-sufficiency and reducing our import dependency is a priority, it will strengthen Sweden's and the EU's competitiveness,’ says Ebba Busch, Minister for Energy and Industry.

The projects that have been decided are Talga's work on mining graphite, Northvolt's recycling project and LKAB's three different projects within the framework of the ReeMap initiative.

Classifying a project as strategic means above all authorisation processes with clear deadlines for projects involving critical metals and minerals, and that companies only need to contact one authority to guide them through the entire authorisation process. Projects will also receive advice and assistance on financing the venture, if needed.*

The possibility to apply to the Commission to have a project recognised as strategic will be reintroduced."

https://www.regeringen.se/pressmeddelanden/2025/03/5-svenska-projekt-far-status-som-strategiska-projekt--viktigt-for-eus-materialforsorjning/
https://thestockexchange.com.au/threads/tlg-discussion-2022.7072/page-101

CLIMATE TRANSITION​

Translated by Google

Despite fast-tracks – mining company concerned about China’s dominance: 'Great situation'

Chinese President Xi Jinping, EU Industry Commissioner Stéhane Séjourné, Emma Själin, Public Affairs manager at Talga. Picture: AP Photo/Ng Han Guan, AP Photo/Geert Vanden Wingailt, Svemin, Press Image
When the EU steps up the hunt for strategic metals and minerals, Swedish projects get key roles. But at the same time, the initiatives are grappling with long permitting processes and local resistance - and a market completely dominated by China. "They dump prices and use export bans to punish other countries," said Emma Själin at mining company Talga.

In recent years, the EU has taken a major step forward to increase the production of raw materials, in Europe, including by listing 34 minerals and metals that are considered strategic for our society and for welfare.

In addition, the European Commission recently announced that it has selected 47 European strategic projects to ensure access to critical raw materials.

“Today, for the first time, we have identified 47 new strategic projects that will help us secure our own access to raw materials. This is a crucial opportunity for European independence as an industrial force,” said EU Industry Commissioner Stéphane Séjourné.

Five Swedish projects are on the list. LKAB receives the CRMA status of the Per Geijer discovery in Kiruna, for the plant in Malmberget that will separate rare earth metals from the ore, and for the planned demonstration plant (processing) for rare earth metals in Luleå.

“Important for the future of Sweden and Europe.”

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The mining company Talga’s graphite mining in Vittangi, as well as Northvolt Revolts recycling of metals such as manganese, lithium, graphite, nickel and cobalt are now on the list of strategic projects.

“To Talga now, together with two other Swedish companies, get strategic project status within the EU signals how important Talga’s project is for Sweden’s and Europe’s future, both from a climate and security point of view,” says Emma Själin, Public Affairs Manager at Talga.

The company submitted its application in 2020. However, the establishment has been disputed and received sharp criticism from, among others, locals and Talma Sami village.

Emma Själin believes that there has also been strong opposition from the municipality that has refused to complete a detailed plan. In addition, there have been requests from the municipality for the mining company to finance housing.

This was highlighted, among other things, in an article in DN during last year where Mats Taaveniku, municipal councilor in Kiruna (S) according to the article said that the municipality would be more positive about the mine if the company could give something back to the municipality. The mine is expected to employ about 60 people full-time.

“We have really experienced that the municipality’s side has made the process more difficult and dragged on,” says Emma Själin.

“We want to be an important part of society where we operate. But we cannot change government decisions for funding municipal activities.

“We have the entire value chain in Sweden.”

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In the new mine, the company estimates that it will extract up to 120 000 tons of high-quality natural graphite per year. The goal is that the graphite will later be able to be used in Talgas battery anode plant in Luleå that will manufacture sustainable anode material for greener lithium-ion batteries.

“In this way, we have the entire value chain in Sweden. At present we have a test facility, a miniature of the future large-scale factory, which is meant to be built in Luleå.

“There we test the products against customers and the next step is that we develop ready-made agreements with our customers.

Graphite is used, among other things, in the manufacture of steel, batteries and cars – not least electric cars where there is a main ingredient in the batteries. Graphite is also included on the EU list of minerals and metals that are considered critical. Globally, it is China that currently controls the supply and has since 2020 stopped exports of graphite to Sweden.

"It is this that is nasty about China, that they can exploit their dominance on the world market by putting export restrictions on certain types of raw materials to punish for something else where they feel that they have been unfairly treated," Maria Sunér, CEO of Svemin, told TN recently.

“There is uncertainty that is extremely unprofitable.”

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The EU imports around 100 000 tonnes of graphite every year, which means that 98% imports are 100% dependent on tariff supply imports. The market is dominated today by China, where according to SGU there are around 68 percent of the world's assets of graphite. The fact that China dominates the market means that they can influence the price picture of the market – both by making raw materials more expensive and cheaper.

“They are already dumping prices and using export bans as a tool to punish other countries. So it’s a really tough situation for the whole of Europe if we’re going to reduce dependence to an individual country,” says Emma Själin.

“With the deposit in Vittangi, we might be able to provide Europe’s needs to 10-15%.

Although there are deposits, there are currently no active graphite mines in Sweden. If Europe seriously wants to reduce dependence on China, it is important that we can open mines here, she says. The new graphite mine in Vittangi may mean that climate impacts can be reduced by over 90 percent compared to today's climate-heavy imports of synthetic graphite from Asia.

“It is very important that Sweden is on its toes both for its own sake and for Europe’s sake. It is not the case that you should be able to open a mine in a flash, but it can be made much smoother than it does in the current situation.

She believes that there is a problem around the Swedish permitting processes.

“There is an uncertainty that is extremely unprofitable. It's hard when you can't even set a timetable and get an indication that it can last.

"In addition, it is a problem that government decisions are questioned, as in this case. If you show the state that you can keep schedules and that the process is progressing, it increases the incentives to invest in the future of Europe.

Excellent overview of Talga project and interview with Mark Thompson CEO.
One takeaway is that Talga is still 3 years away from production.

TLG is one of these dirty battery stocks involved in using graphene and other rare earths from countries which practise child slavery to supply Western elites with batteries for their Teslas.

It is good to see it getting hammered today.

It is down 13.25%



gg

And thank you GG. Another inspired piece of whimsy from sharpened pen of the Far North

Probably worth giving people a hint you're just taking the xiss . Already painful enough seeing the truly elite child and family xuckers systematically destroying all and sundry around the world.
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Talga believes sit is on the (long) road to success. This is a little puff piece from Sweden. Talga seems determinedly sure the off take agreements/strategic partnerships are going to fall into place.

"“From startup to stable organization – Talga's path forward”
Building a stable organization from the ground up requires both clear goals and the will to act – and right now, that work is in full swing at Talga. With several important initiatives ahead of it, Talga is working intensively to shape a workplace where people not only enjoy themselves, but also feel that they are part of building something unique. By recruiting the right skills and creating a strong corporate culture, Talga is now laying the foundation for success in the expansive phase that awaits.

– We have a big focus on recruitment right now, to get a stable base and a basic organization in place that can take us into the next phase, says Eva Pijnenburg, Director – HR, Culture and Work Environment at Talga.

With Talga entering a new phase, it is a lot about finding key people who can help build the business from the ground up. Several of the areas that will be established are not yet in place, and this opens up opportunities for people who want to help create something from scratch.

– We are looking for people who share our vision and who want to join our journey. Here at Talga, we are a team that enjoys working together, where we help each other when needed and where everyone contributes their ideas and experiences.

– At the same time, we are keen to create a workplace where it feels good to go to work. It is often fast-paced and a changing environment, but we work closely together and have fun along the way.




Culture as a cornerstone

One of the most important factors in Talga is the company's culture – a culture built on collaboration, lack of prestige, and a strong team focus.

– We work closely together and very cross-functionally. Even though we have our own areas of responsibility and challenges, we help each other a lot across borders. It is important to us that it is fun to go to work and that we can create a balance between work and private life.

Flexibility and personal responsibility are also central parts of Talga's work culture.

– We ensure that there is room for flexibility in the roles, and we encourage people to take initiative and drive their work forward.

Operations in Vittangi – 60 full-time employees

Talga's upcoming establishment in Vittangi brings great opportunities for the region. When the business is fully operational, Talga will have approximately 60 full-time employees working year-round.

– It is important for us to build a strong and long-term team that runs our operations year-round. In parallel, we will work with contractors during the period of the year when mining is taking place, explains Eva.

During the construction phase, there will also be many job opportunities for contractors.

Living Vittangi – an investment for the future

To contribute to the development of Vittangi and to create an attractive place for its employees, Talga is running the “Living Vittangi” project . A central part of the project is the housing issue.
– We want as many of our team members as possible to be able to live permanently in Vittangi. That is why we are working to sustainably utilize the housing that already exists, and are collaborating with local contractors to build new and renovate existing properties.
In addition to the housing project, Talga has a strong commitment to leisure, outdoor activities and community life together with Vittangi SK.
– We look forward to working more closely with those who already live and work in Vittangi, and we want to contribute with initiatives that create value for the entire community, concludes Eva Pijnenburg.
With a focus on recruitment, culture and community involvement, Talga is preparing for a future that not only involves mining operations, but also a vibrant and growing community."

"Från startup till stabil organisation – Talgas väg framåt" - Talgagroup ​

Att bygga en stabil organisation från grunden kräver både tydliga mål och handlingskraft – och just nu pågår det arbetet för fullt på Talga. …

Talga is getting more further EU recognition and support for its Mine/Anode project.
Lets see it produce some results

Talga’s Luleå battery anode refinery designated EU Net-Zero Strategic Project
Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce that its Luleå Anode Refinery in Sweden has been granted Net-Zero Strategic Project status by the Swedish Agency for Economic and Regional Growth under the EU Net-Zero Industry Act (NZIA).

Talga’s planned battery anode manufacturing plant, part of its integrated mine-to-anode Vittangi Anode Project, is one of the first Strategic Projects recognised under the NZIA (EU reg 2024/1735). This recognition underscores the critical role of Talga’s project for enhancing the resilience, strategic autonomy and competitiveness of the EU’s net-zero industry. The NZIA aims to strengthen European manufacturing capabilities for net-zero technologies. Projects that are awarded Net-Zero Strategic Project status are granted a range of benefits including:

• National priority status under the NZIA Regulation, ensuring rapid administrative treatment and expedited permitting, and urgent treatment or priority in dispute resolution procedures.
• Additional Net-Zero Europe Platform engagement, access to coordinated best practice in uniform NZIA implementation and advisory support for financing and investor matchmaking.

Other non-specified potential benefits include greater access to EU and national funding opportunities that support clean tech and industrial decarbonisation.

Talga’s view is that the Net-Zero Strategic Project status enhances partner and investor opportunities through the recognised alignment with EU climate regulatory priorities and improves ESG fund attractiveness. The Company is further positioned as a trusted supplier in the net-zero technology supply chain, potentially unlocking priority in public procurement and contracts with EU-based battery
manufacturers. The Net-Zero Strategic Project status follows the recent designation of Talga’s natural graphite mine as a Strategic Project under the EU Critical Raw Materials Act (ASX:TLG 26 March 2025). Together, these designations strengthen the Company’s ability to finalise key customer supply agreements and project financing structures for the Vittangi Anode Project.
Talga anode refinery now EU Net-Zero Strategic Project (PDF 156.5 KB)

Talga still getting it's duck in a line to construct the Anode Refinery

May 8th and Talga is still putting together an offtake/finance/partner package that will enable the Vittangi anode plant to be built. It has been foreeeever..

Mark Thompson held a Webinar today to update investors on the current situation. I have copied some statements from the webinar from another site.
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While we wait on the YouTube version of the webinar, here is what @Gvan wrote on HC. Thx GVan!!

For those that missed the live webinar and have to wait for the upload:

Highlights from the webinar, Mark confirmed that Talga was apart of the CRM financing subgroup meeting on the 10th of April:

“Yes, when I was over there. After the decision, our team was already heavily involved, but yes we were present at the subgroup meeting and have been a close part and have also had private meetings, of course. We’re deeply involved.”

“That’s under negotiation right now. We’ve been in meetings recently. We’ve expressed what we like and what we want. They are contemplating that, and we’re having meetings with them and there are different aspects, which range from outright grant funding, to co-funding the private equity, all the way through to building strategic stock-piles and getting involved in offtake type work. Those negations are underway and I must point out that for strategic projects, they are customised per project. There is no one size fits all, like everyone is going to get a pool of a part a billions of dollars, its actually customised.”


Mark on whether this CRMA financial support will align with Talga’s FID timeline:

“The timing is working out fine. By the time that’s done, you’ll have your full permitting on the mine site done and offtakes in place, it should all come together at the right time. Certainly, there’s a really strong interest, our project is one of the more advanced, dare I say, poster children of critical raw material projects in Europe. So, it’s looking good for us getting the sort of support we want.”


Mark dropped some breadcrumbs when talking about conference meetings. They’re chosen when the company can kill two birds with one stone (conference + potential customer meetings/networking):

Recently in a conference in Italy: “Well, we were meeting with, who was there? CATL, the world’s largest battery maker, Italian battery maker FAAM, ACC, Ferrari, Verkor, Li-VEco, customers, investment partners. That’s why we’re there. We usually have meetings with them there at their facilities or we’re visiting something….We don’t usually do something from a pure promote point of view, it’s usually carefully crafted by our comms team and for commercial purposes.”


Mark also went into detail about Northvolt’s difficulties, and quashed any concerns that Talga will face similar problems with Chinese equipment suppliers:

“No, it’s not a problem. We made an early decision to make anode differently. We wanted really high yields, our material is different and we’ve totally manufactured our downstream process around our mine. We haven’t just squeezed our mine into an existing Chinese process. So, therefore we actually don’t use Chinese equipment at all. Which means we don’t have Chinese software, we don’t have Chinese chips, in the same way that Northvolt did and became a bit of a problem in various ways. By the way, we’re not exposed to Northvolt. For many years we had relations, but were very careful about our situation there. Word on the grapevine, there will be someone taking over that plant (Scania?) and that may be of great interest to us, who takes over that plant and when it goes back into production. No, it’s not a threat to us.

When we have some vehicle companies, and some defence related people come up and audit our place, they go through everything including mining equipment, lab equipment, who’s signing off on calibrating the scales in the lab etc. All has to be from other countries. We use a combination of European and some Asian/Japanese equipment that we developed our own processes for. These are propriety, some of our processes are patented. We use mostly equipment off the shelf, from other vendors used in different industries like food and the pharmaceutical industry... We use the highest quality machinery we get separately and we do not get it from standards Chinese vendors."

Nyobolt’s fast-charge systems are now being deployed in an expanding range of applications including high-performance and heavy-duty vehicles, AI warehouses and data centres. With over $150 million in contract value already secured plus recent investment from Scania Invest to fuel further expansion, Nyobolt has placed a growing emphasis on developing robust supply chains.

Under the offtake agreement, Nyobolt commits to purchasing ~3,000 tonnes total of Talnode®-C at a fixed price for an initial term of four years commencing from 13 May 2025. Initial supply will be from Talga’s Electric Vehicle Anode demonstration plant in Luleå, with the balance to be from the commercial Anode Refinery in Luleå, planned for construction to commence in 2026 subject to FID.

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Dona Ferentes said:

Talga executes binding Vittangi anode offtake with fast-charge pioneer Nyobolt​

Nyobolt’s fast-charge systems are now being deployed in an expanding range of applications including high-performance and heavy-duty vehicles, AI warehouses and data centres. With over $150 million in contract value already secured plus recent investment from Scania Invest to fuel further expansion, Nyobolt has placed a growing emphasis on developing robust supply chains.

Under the offtake agreement, Nyobolt commits to purchasing ~3,000 tonnes total of Talnode®-C at a fixed price for an initial term of four years commencing from 13 May 2025. Initial supply will be from Talga’s Electric Vehicle Anode demonstration plant in Luleå, with the balance to be from the commercial Anode Refinery in Luleå, planned for construction to commence in 2026 subject to FID.

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It's a start. What it does do is provide some revenue from the current demonstration plant which hopefully will at least pay the running costs of the plant. It will be interesting to see how much the demo plant can produce and if in fact other small companies come on board.

Hopefully demonstrates the quality of the product and encourages further off takes in the near future.

What will be significant IMV is how much income will be generated in the immediate future through sales of the Talnode C anode. The overall balance sheet of Talga is quite modest . Total running costs are $5.7m in the last quarter. Given there is a stockpile of graphite, fully functional demo plant and staff already on the payroll almost all income would reduce the overall spend.

This analysis from another source unpacks the figures. If this is accurate, and it seems reasonable, Talga will at least stay solvent pending final approval.


Financials/Talga survival

We have an offtake of 3000t over 4 years. That is, on average 750t per year, but probably has a ramp to it. The announcement sais we will initially supply this offtake from the EVA plant and as the factory ramps, increase the volume. This tells me that the majority of the volume comes at the end. We dont have clear information on the capacity of the EVA plant, but I suspect its not more than 2-3% of the factory. i.e. about 500t per year at best. And its not going to be particularly profitable. BUT, as we already build the facility and we need to operate it anyway to supply samples for testing our product, its safe to say that the additional cost of running it for commercial use is lower than the customer would pay for the product. i.e. its a net win for Talga.

Say we sell 500t per year for the time being. We don't get pricing information, so lets guess its a generous $10k per t. I hope its more but I fear is closer to $8k/t (that's US $). In any case, assume 10k/t, which would make us $5M per year initially. Or.. 1.25m USD per quarter. That translates to 1.9M AUD per quarter. Looking at the last QR, that accounts for roughly 1/3 of the running cost of Talga. Not enough to survive, but enough to get through 2 more quarters before the funds run out. That is, if Talga receives funds immediately.

Conveniently, the announcement specifically names the date where this offtake starts. i.e. Yesterday, 13.5.2025. I assume that piece of information is there to help us piece together that the above scenario is indeed in the cards. Meaning we are in the process of delivering stockpiled product from the EVA plant and will receive payment before we run out of cash. If we are lucky, we have enough to supply the full first year of product, i.e. 500t and receive the full 5M USD within a few months. However, full speculation/wishful thinking on this one. In any case, it seems Talga will survive the next 1 or 2 quarters without a CR and .. knowing this contract is going forwards, it is the primary reason why they didn't do a CR. Good job Talga!

Technology/Product

So, Nyobolt is a company targeting fast charging applications. If THEY are willing to use Talnode-C, this is the biggest and best indication of the quality of our product. Seriously, we had nothing but positive news about Talnode-C but the lack of customers made me thinking that there is a crocodile lurking in the swamp somewhere. With Nyobolt now going for it, its the best and most visible Acknowledgement we can have. Very cool!

TLG Discussion 2022

Is this what you're looking for? Not quite, but interesting! Thank you. I think the matter has already been resolved. It was an employee in the interview who made that statement and the article was behind a PW that I could read at the time, and is now no longer available. As an explanation -...

thestockexchange.com.au

This article explores the implications of the Nyobolt offtake agreement.
I think it is a bit of a promotional piece to support Talgas SP and Nyobolt and encourage other companies to sign up for further offtake agreements.

In March a Chinese company has abandoned a proposal to build a 100,000 ton a year anode plant in Sweden. This makes the Talga plan even more important from a European perspective. I think the EU support for Talgas project would have been a factor in the situation.
Certainly means Talga must expand the proposed 19k PA plant to 100,000 plus as an order of priority.

PTL Cancels Anode Factory in Sweden​

Chinese company Shanghai Putailai (PTL) will not proceed with its plans to build an anode factory in Timrå, Sweden. The project involved an investment of just under 1.3 billion US dollars and was planned to reach an annual capacity of 100,000 tons of anode material. According to the company, this would have been enough for a battery capacity of approximately 100 gigawatt-hours per year. The plant was first announced in May 2023.

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TH - to conduct a capital raising comprising an institutional placement

dilute away

NLH

Yup, thats the trouble with narrative speculation, when you buy before a business is investible dilution or excess debt is frequently the outcome. I still think there may be a viable business in there, but I will wait and watch from the sidelines at this point.

Talga Group Successfully Raises A$10 million

Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) is pleased to

announce it has received firm binding commitments for a two tranche placement of new fully paid ordinary

Talga shares (“New Shares”) at a price of A$0.40 per share, to raise A$10 million before costs

(“Placement”).

Is this good news?

Not if you are an existing shareholder, just further dilution.

Interesting analysis on LinkedIn on structuring royalty and streaming deals to finance development of mining operations.

"Charles A.
CFO | 20 Years’ Experience | Mining & Resources | Capital Raising | ASX-listed | Project Finance | AI in Finance | Investor Relations | Critical Minerals | Africa-Australia | BFS/DFS

One thing more junior mining companies need to understand is that royalty and streaming deals can work—even if your commodity isn’t listed on a global exchange or lacks transparent spot pricing. You just have to structure it the right way.

If your project produces something like graphite, especially high-purity or battery-grade graphite, the lack of a clear benchmark doesn’t mean it’s unfundable—it just means you need to get smarter about how you link value.

One effective approach is to anchor the price not to fragmented or unreliable spot quotes, but to the end-use value of what your commodity enables. For example, if your graphite is being used in lithium-ion battery anodes for EVs or stationary energy storage, you can link your streaming terms to the future value of those battery-grade products or reference pricing from active anode material contracts. That reframes your material as strategic rather than obscure.

Tying your stream to an offtake agreement with a downstream processor or battery supply chain player also helps build confidence and transparency for the financier. If the commodity price is opaque, your internal costs and margins need to be rock solid—make sure your BFS or PFS provides a clear bottom-up cost structure. In many cases, a hybrid structure works best: a small royalty combined with a convertible note and equity injection can balance risk, preserve upside, and avoid over-dilution. You should also push for milestone-based tranches rather than one large upfront payment—this allows the funder to commit in phases, such as post-permitting, post-BFS, or after project mobilization, which reduces risk on both sides. But perhaps the most important point is this: don’t give away the farm just because your pricing isn’t transparent. Negotiate royalty pricing based on cost-plus formulas, offtake-linked benchmarks, or even downstream contract references—anything that gives both parties confidence in a fair deal. Done right, a royalty or stream can be a powerful tool to advance your project without gutting your cap table."

#miningfinance #royaltydeals #streamingagreements #juniormining… | Charles A.

One thing more junior mining companies need to understand is that royalty and streaming deals can work—even if your commodity isn’t listed on a global exchange or lacks transparent spot pricing. You just have to structure it the right way. If your project produces something like graphite...


https://thestockexchange.com.au/threads/tlg-discussion-2022.7072/page-105

Meanwhile.... Talga SP drops as news of a further capital raising hits the market.

basilio said:

Meanwhile.... Talga SP drops as news of a further capital raising hits the market.

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Bad news. And there I was thinking of putting it in next month's comp.

gg