VUL - Vulcan Energy Resources

[System]

Koppar Resources is a junior exploration company established with the purpose of exploring and developing copper, zinc and other mineral opportunities.

The Company has a conditional right to acquire mineral exploration projects located in the Trøndelag region in Norway, namely the Løkken Project, Tverrfjellet Project, Grimsdal Project, Illingdal Project and Storwartz Project. The Projects are located in a historic mining area and mining has been previously carried out on several of the projects.

It is anticipated that KRX will list on the ASX during May 2018.

http://www.kopparresources.com

 

[OmegaTrader]

Replying to Joe's rule to post of your stock pick.

This is my stock pick for the month.
Not much to go on the chart.
The listing price was .20
Was trading around .28 so a quick 40% to those selling out of the ipo.
I don't there is enough trading history to tell which way it could go yet.

The fact that something can increase by 40% really explains that the hope is the exuberance around a listing will make the stock bullish.

I have no idea about fundamentals but I wonder whether the average punter has any idea as well.Realistically would have to be a geologist and even that doesn't guarantee the management side.

Because I enjoy being cynical to much..

Step one: Create shares at .01 and .1 out of thin air
Step two: Hype up the punters and promise loyalty options, resell for .2
Step three: Watch the bubble go up, Plenty of food for all of the animals.
Step four: Maybe after the pigs have had good a feed in the trough if your lucky an actual mine will get of the ground but usually reality kicks in.

we all the same lol

Hope the run is up

 

[System]

On November 21st, 2019, Koppar Resources Limited (KRX) changed its name and ASX code to Vulcan Energy Resources Limited (VUL).

 

[Dona Ferentes]

a search picks up Valhalla as VUL, in addition to this hopeful

Vulcan Energy Resources (ASX:VUL | FRA:6KO) is seeking to supply zero carbon lithium hydroxide to Europe’s booming battery and electric vehicle market, while generating net zero carbon emissions in the process. The company holds Europe’s largest lithium resource and the fastest growing lithium project in the world at its Zero Carbon LithiumTM Project, yet it is valued by the market at a fraction of that of other projects.

Furthermore, the company is pioneering the world’s first and only “Zero-Carbon LithiumTM” process — the extraction and precipitation of battery-quality lithium hydroxide from deep, hot brines via its production wells that will co-generate renewable, baseload geothermal energy. Vulcan recently signed an agreement to access a lithium-rich, producing geothermal brine operation at Insheim with a major German utility, Pfalzwerke, in the Upper Rhine Valley. At the operational geothermal plant and wells, hot, lithium-rich brine is already pumped to the surface and renewable electricity produced.

Vulcan [recently] announced a Maiden Indicated Resource at Insheim, meaning that the largest lithium resource in Europe just got bigger. Fast-track development of the project is underway. The larger Resource will be incorporated into a Scoping Study that’s due in the current quarter and upgrade the confidence categories, while first production of lithium hydroxide is targeted by 2023.

Sounds so easy. getting a lot of speccie press, recently. What could possibly go wrong.

 

[System]

Vulcan Energy Resources more than doubles its share price on the back its sustainability initiatives

 

[Dona Ferentes]

There's an interesting comment in that report (link above)

German research house Alster Research set... a price target of $2.45 (€1.45) per share on VUL. Alster stated, this would be “the first time in our company history of 14 years we initiate coverage with a ten-bagger”.

though I note this is nearly 3 months old.

@Chronos-Plutus said something about those Europeans

Europe is the market for resources. That is where we need to focus our attention. Europe, as an economy, are extremely deficient of natural resources like lead, copper, silver, zinc, and so on.
They are our market that we need to focus on.

Care to elaborate?

https://www.aussiestockforums.com/threads/why-is-the-market-rising.35498/page-2#post-1074599

 

[Chronos-Plutus]

There's an interesting comment in that report (link above)
though I note this is nearly 3 months old.

@Chronos-Plutus said something about those Europeans Care to elaborate?

https://www.aussiestockforums.com/threads/why-is-the-market-rising.35498/page-2#post-1074599

Apologies for the belated reply, I was busy over the weekend moving to a new residence, also researching the prospects of the Singapore real estate market.

So I am not aware of any academic study that explores, investigates and discusses natural resources by continent, relative to GDP. Europe would have to be the most naturally resource deprived continent on the planet relative to GDP. As such that is the most logical place for our mining entities to do deals, and DFAT should facilitate it.

 

[Dona Ferentes]

... I am not aware of any academic study that explores, investigates and discusses natural resources by continent, relative to GDP. Europe would have to be the most naturally resource deprived continent on the planet relative to GDP. ...

and 'relative to GDP growth' would be instructive, as well.

The whole subject taps into a recurring theme (unformed) of mine, that sort of looks into resource extraction and how societies/ nations develop. Most of American expansionism could be based on natural advantages. The Japanese pre WWII and possibly the Chinese now (water, anyone, let alone quality raw materials?)? Australia with low population but abundant natural resources is an outlier.

Guns, Germs, and Steel: The Fates of Human Societies by Jared Diamond, 1997, is a good read.

 

[Chronos-Plutus]

and 'relative to GDP growth' would be instructive, as well.

The whole subject taps into a recurring theme (unformed) of mine, that sort of looks into resource extraction and how societies/ nations develop. Most of American expansionism could be based on natural advantages. The Japanese pre WWII and possibly the Chinese now (water, anyone, let alone quality raw materials?)? Australia with low population but abundant natural resources is an outlier.

Guns, Germs, and Steel: The Fates of Human Societies by Jared Diamond, 1997, is a good read.

Thank you for the book recommendation; I will pin it to my State Library account.

As for Australia's natural resources; I am of the opinion that DFAT needs to establish and facilitate a resources corridor/channel to get our natural resources to Europe. Also DFAT need to maintain and build greater relations with the ASEAN nations.

At the moment I am focusing on how to get exposure to the Singaporean commercial property market.

 

[Dona Ferentes]

[QUOTE="Chronos-Plutus, post: 1074984, member: said ]
At the moment I am focusing on how to get exposure to the Singaporean commercial property market.[/QUOTE]
There was a bit on SREITs, if that will help. starting 22 April by @Sharkman in, of all places,
https://www.aussiestockforums.com/threads/if-you-were-stripped-of-everything.35402/page-2

(PS; you and investoboy, jumeaux? )

 

[Chronos-Plutus]

[QUOTE="Chronos-Plutus, post: 1074984, member: said ]
At the moment I am focusing on how to get exposure to the Singaporean commercial property market.

There was a bit on SREITs, if that will help. starting 22 April by @Sharkman in, of all places,
https://www.aussiestockforums.com/threads/if-you-were-stripped-of-everything.35402/page-2

(PS; you and investoboy, jumeaux? )[/QUOTE]

Only those that can see the global macro environment through the same lens as me; will know why I am looking at such a market.

 

[Chronos-Plutus]

[QUOTE="Chronos-Plutus, post: 1074984, member: said ]
At the moment I am focusing on how to get exposure to the Singaporean commercial property market.

There was a bit on SREITs, if that will help. starting 22 April by @Sharkman in, of all places,
https://www.aussiestockforums.com/threads/if-you-were-stripped-of-everything.35402/page-2

(PS; you and investoboy, jumeaux? )[/QUOTE]
Resource is too small.

Interesting to look at using geothermal to produce; but not going to happen in my opinion.

The best at geothermal are in Iceland, New Zealand are second!

 

[Dona Ferentes]

Dona; I thought we were going to have a chat about Vulcan Energy

from @Chronos-Plutus

How do we go about this?
1. Lithium. A bit like motherhood, it's hard to say anything too nasty
2. Decarbonising. Again, who can argue? Tailwinds, not headwinds.
3. Small ASX listed rock kicker. VUL is in its latest incarnation of minerals explorer. Hard working cohort in the 'executive team' looking at opportunities. Formerly Koppar Resources, former copper and zinc focused exploration company (Norway) and who knows what else before. Words like Undal, Twerfjellet, Vangrofta, Grimsdalen, Nygruva ... all ASX announcements I didn't even click on.
4. First came across VUL in Tim Boreham article. https://www.sharecafe.com.au/2019/09/19/behind-the-lithium-market-meltdown/ .... All the hallmarks of selective brief to a Journo to get a bit of publicity.
5. After the Cap Raise and oppies and getting the settings right (performance, rewarding directors and Snr mgmnt), and with a bit of money under the belt, out come the early concepts and the Resource estimates and the Scoping Studies - not necessarily in that order - then the new Director blood and, hey, the Transformative MoU
6. Europe as resource poor address. Correct, but not capital poor. And we do understand how they can back winners
7. Expect more Capital raises and or 'strategic partners'

Somewhere down the track EuropaCorp gmbh sarl may well get behind VUL. And even sooner than later, for 2 good reasons
1. Whilst the salars of the altiplano are generally lowest quartile and much better than spodumene, there's a bit of political risk (Bolivia, esp) and a slow fuse on what could be a huge environmental challenge down the track of extracting brine at 4000+m asl.
2. China. Market dominance. Deteriorating world trade.

The Corporate Presentation of 01 June 2020 fleshes these issues out. Market seems to have responded with more conviction than the earlier run-up.

 

[lucifuge1968]

Just found this:

Wise Owl report: VUL

Summarising this and recent events:

• Vulcan owns Europe’s largestJORC-compliant lithium resource
  • a Total Inferred Mineral Resource of 13.95 Mt of contained Lithium Carbonate Equivalent, at a lithium brine grade of 181 mg/l
• Europe is the fastest growing lithium-ion battery production centre in the world
• Vulcan has signed a Memorandum of Understanding with a German geothermal operator to fast-track production from existing infrastructure, thus offering a low-cost pathway
• Lithium Expert Joins Zero Carbon Lithium Team
• Former Tesla Director Joins Zero Carbon Lithium Team
• MorningstarTMQuantitative:
  • Fair value $1.63, 25 Sep 2020
    
    ​

    
    

    

 

[greggles]

VUL has gone bananas recently. In the last six months it's up from just over 20c to about $2, so it's pretty much a ten bagger.

Something I find very strange is that it started to move north very rapidly starting on 6 November, but no news was announced on that date. The next announcement was released on 12 November. By that time it had risen from $1.15 to $1.70 with no apparent reason for the share price increase.

Anyway, it closed on Friday at $1.865. I haven't been keeping up with all the recent anouncements but these are the price sensitive ones in the last few months.

31 August 2020: Taro License Grant & Updated Mineral Resource Estimate
25 September 2020: Former Tesla Director Joins Zero Carbon Lithium Team
20 October 2020: Vulcan Zero Carbon Lithium Project Update
12 November 2020: Taro Updated and Increased Resource

Here are the highlights from the announcement of 12 November:

Things certainly seem to be going well for VUL, but with a market cap of just under $140 million and no revenue, I'm wondering if it hasn't run too far too fast.

 

[lucifuge1968]

VUL has gone bananas recently. In the last six months it's up from just over 20c to about $2, so it's pretty much a ten bagger.

Something I find very strange is that it started to move north very rapidly starting on 6 November, but no news was announced on that date. The next announcement was released on 12 November. By that time it had risen from $1.15 to $1.70 with no apparent reason for the share price increase.

Anyway, it closed on Friday at $1.865. I haven't been keeping up with all the recent anouncements but these are the price sensitive ones in the last few months.

31 August 2020: Taro License Grant & Updated Mineral Resource Estimate
25 September 2020: Former Tesla Director Joins Zero Carbon Lithium Team
20 October 2020: Vulcan Zero Carbon Lithium Project Update
12 November 2020: Taro Updated and Increased Resource

Here are the highlights from the announcement of 12 November:


View attachment 114699

Things certainly seem to be going well for VUL, but with a market cap of just under $140 million and no revenue, I'm wondering if it hasn't run too far too fast.

View attachment 114698

Morningstar had a expected /fair value on VUL at $2.36 on Friday last. I note this morning it's hiked to $2.62.

They're sitting on the largest lithium stores in Europe and extremely significantly ;it's zero carbon. I could see why this (in this day and age) could go ballistic.

 

[Dona Ferentes]

from the start of January at 16¢ a share, by Friday's close of $2.13 you'd be up 1231 per cent.


Vulcan's point of difference is that it's going for a much greener approach to getting lithium out of the ground, combining the processes of generating thermal energy and extracting lithium. It hopes this zero-carbon twist will chime with European governments and corporate customers and give it an extra leg-up.

At its site in Germany's Upper Rhine Valley, Vulcan will use a geothermal plant to extract hot, lithium-rich brine from 2000 metres underground. The heat is extracted for turbine-generated electricity, and the lithium is extracted for processing. The refining into lithium hydroxide is powered by the plant's own geothermal supply, and surplus electricity will be sold into the German grid as an additional income stream. The expended brine is returned to the underground reservoir, rather than accumulating in evaporation ponds like the brine projects of Latin America.

This is why Germany's Alster Research put a "buy" recommendation on Vulcan in late September, with a $2.55 price target (the stock is one of many ASX companies that can be traded on the Frankfurt Exchange). It said the potential resource of 15.37 million tonnes of lithium carbonate equivalent was "an outstanding magnitude, which is likely to attract increasing attention among investors". Alster sees more promise in Vulcan's resource and its tech than at Standard Lithium, a comparable US brine operator fancied by investors, and reckons the zero-carbon element could mean Vulcan can sell its product at a premium.

But wait. Vulcan hasn't yet released its prefeasibility study – the essential first step to even demonstrate the concept is viable.

Beyond that, there's another longish stretch of road to the definitive feasibility study next year, and only then does the company get to the fundraising and the planning approvals.

European blue-sky
While investors seem confident Vulcan can clear all these hurdles, some industry observers ask whether it will be completely straightforward. German planning law is tough, they say, even for a site that is at least initially a brownfields venture (bolting a lithium extraction process onto an existing geothermal plant).

Vulcan responds that its process is minimally environmentally intrusive, so it shouldn't raise community hackles; and chief executive Francis Wedin points to the experienced German players on the team, who have a track record at navigating these approval processes.
Then there's the question of whether the German car makers would rather sign offtake agreements (commitments to buy the product) with a company that is almost good to go, like some of Vulcan's rivals, over something a little less tangible.

"It's our hope and expectation that we'll have offtake agreements in between completing the feasibility study and the definitive feasibility study," Perth-based Wedin tells The Australian Financial Review.
He says potential customers are attracted to the promise of cutting their carbon footprint. And given the demand for lithium in Europe, it's not a zero-sum game.
"Its not really a cut-throat competition space – everyone wants to see production starting," he says.

Wedin still hopes to get the all-important prefeasibility study done by the year's end. "Everyone is building up towards that – it's our first chance to talk publicly about the project metrics," he says. "We're planning to get it finalised by the end of the year. It's pretty tight, but we're hopeful."

That might either confirm investors' existing hefty punt, or give them pause for thought, or even give the share price another volcanic burst. Wedin, for one, is assuming nothing: "The market is a fickle beast," he observes. It has been quite a ride so far.

The lithium company up 1200pc this year

There are more than 30 lithium-exposed stocks on the ASX, and the growing drumbeat of the worldwide battery revolution means the share prices of quite a few have been on the march. But the real Energiser Bunny has been Vulcan Energy Resources.

www.afr.com

 

[lucifuge1968]

Great news for Vulcan; European insistence on maximum carbon footprint thresholds.

 

[Dona Ferentes]

there's a webinar today for VUL (plus 3 others) at 12:30 - is 4th so closer to 1:15pm AEST?

Welcome! You are invited to join a webinar: Weekly Share Cafe Webinar - Micro/Small Cap "Hidden Gems". After registering, you will receive a confirmation email about joining the webinar.

This Free webinar will give viewers the opportunity to hear from, and engage with, a range of ASX listed micro/small cap "hidden gems". Confirmed companies presenting include: DomaCom (ASX:DCL) - Ross Laidlaw Cirralto Limited (ASX: CRO) - Adrian Floate Little Green Pharma (ASX: LGP) - Paul...

us02web.zoom.us

 

[peter2]

That EU report sent VUL higher. Took my eyes off this one for a second and boom.