|Bid||0.3750 x 0|
|Ask||0.3800 x 0|
|Day's range||0.3600 - 0.3850|
|52-week range||0.2650 - 0.7450|
|Beta (3Y monthly)||1.62|
|PE ratio (TTM)||N/A|
|Earnings date||20 Aug. 2018 - 24 Aug. 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.20|
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
(Bloomberg) -- Automakers to trading houses from North America to Europe are becoming more concerned about future supply shortages of key materials needed for electric vehicle batteries as spending on new production soars, according to the developer of a $1.5 billion project in Australia.More than a dozen parties have now expressed interest in taking up as much as a 50% stake in Clean TeQ Holdings Ltd.’s Sunrise nickel-cobalt-scandium project, Chief Executive Officer Sam Riggall said Monday in an interview. They include companies in regions that until recently had shown less impetus to tie up raw material supplies.“It’s dawning on North America and Europe that there’s a raw materials issue that needs to be addressed here,” Riggall said by phone. “For the previous two years, I’ve been wearing out a lot of shoe leather and banging on a lot of doors trying to get interest in Europe and North America with very little success. In the last six months things have changed quite dramatically.”Volkswagen AG in May picked Sweden’s Northvolt AB as a partner to start production of battery cells for electric cars, while the German and French governments have pledged funding and political support for efforts to spur a European battery manufacturing industry. In the U.S., the number of battery electric models available to consumers is forecast to double by the end of 2021, according to BloombergNEF.Melbourne-based Clean TeQ, which said last month it had appointed Macquarie Group Ltd. to run a process to identify a partner, is seeking final offers for a stake in the Sunrise project by the end of September, and will aim to complete any sale by the end of the year, according to Riggall.China’s grip on lithium-ion battery cell manufacturing is forecast to loosen through 2025, as new capacity is added close to demand centers in the U.S. and Europe, BNEF said in a May report.The scale of planned investments in electric lineups means both automakers and related industries in Europe and North America are focusing on how to secure future supplies of battery-grade nickel -- and also on ensuring there’s sufficient cobalt after the market tightens from about 2021 to 2022, Riggall said. “Their minds are being forced to turn to raw materials,” he said. “They are seeing significant risks on that side of the business.”There’s a looming shortage of nickel sulfate, the material used for battery products, with demand forecast to outstrip planned new capacity, BNEF said in a July 2 report. Cobalt demand may also top global supply from about 2025, according to the note.Cobalt prices have tumbled since early 2018 on new supply from incumbent producers in the Democratic Republic of Congo, and as some battery makers seek to reduce the amount of the metal in their packs. Nickel has declined about 11% on the London Metal Exchange in the past year.Clean TeQ is targeting commerical production at the Sunrise project, with a forecast mine life of more than 40 years, from 2022, Riggall said.To contact the reporter on this story: David Stringer in Melbourne at firstname.lastname@example.orgTo contact the editors responsible for this story: Alexander Kwiatkowski at email@example.com, Keith Gosman, Jake Lloyd-SmithFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
OTCQX:CTEQF) is pleased to announce the successful completion of its hardness removal demonstration project in Inner Mongolia for Jiutai New Material (Jiutai). The aim of the project was to confirm, at demonstration scale, the cost effectiveness of Clean TeQ’s continuous ion exchange process to remove hardness from high saline brines to increase the recovery rates of subsequent membrane systems and thus improve water recoveries for recycling and reduce the volume of polluting waste brine. Membrane systems (including reverse osmosis and nanofiltration) are abundant throughout the world for water treatment and water recovery.
The Metcash Limited (ASX:MTS) share price and the Zip Co Ltd (ASX:Z1P) share price are two of four pushing notably higher on Tuesday...
OTCQX:CTEQF) today confirms that it has commenced a partnering process for its wholly-owned Sunrise nickel, cobalt and scandium project located in central New South Wales (Sunrise Battery Materials Complex or Sunrise). Following preliminary discussions with a range of parties, Macquarie Capital has been appointed to run a partnering process for Clean TeQ to consider divesting an interest of up to 50% in the Sunrise Battery Materials Complex, in combination with long-term offtake. Once in production, Sunrise will be one of the world’s largest integrated suppliers of high purity battery grade nickel sulphate and cobalt sulphate, the key raw materials in the production of cathodes for lithium-ion batteries.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Sam Riggall became the CEO of Clean TeQ Holdings Limited (ASX:CLQ) in 2014. This report wi...
The Clean TeQ Sunrise Project is an advanced nickel, cobalt and scandium project in New South Wales which, when combined with our proprietary continuous ion-exchange processing technology, provides Clean TeQ with the opportunity to become a leading global supplier of nickel and cobalt sulphate to the lithium-ion battery industry. The Project also positions Clean TeQ to provide significant quantities of low cost scandium for production of the next generation of lightweight aluminium alloys for key transportation markets.
Every investor in Clean TeQ Holdings Limited (ASX:CLQ) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insidersRead More...
MELBOURNE, Australia, March 05, 2019 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) is pleased to announce that Mr Shawn Wang has been.
OTCQX:CTEQF) is pleased to advise that Co-Chairman Mr Robert Friedland and Managing Director and CEO Mr Sam Riggall will be presenting at the BMO Capital Markets 28th Annual Global Metals & Mining Conference in Florida and hosting a number of investor meetings in North America during 25-27 February. An updated copy of the company’s corporate presentation is attached. About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices Read More...
During the quarter, Clean TeQ Holdings Limited (Clean TeQ or the Company) made important progress toward the development of the Clean TeQ Sunrise Project (Clean TeQ Sunrise or Project) in New South Wales.
OTCQX:CTEQF) is pleased to advise of the approval of Modification 4 to the Development Application for the Clean TeQ Sunrise Project (Project) by the New South Wales Independent Planning Commission (IPC). Modification 4 allows Clean TeQ to implement a number of improvements designed to optimise and further de-risk the Clean TeQ Sunrise operation. The key features of Modification 4 include amendments to the processing plant design and layout, mine plan and general logistics, diversification of water supply via approval to access surface water from the Lachlan River as well as consent to produce up to 100,000 tonnes per annum of ammonium sulphate for sale as a by-product – as described in the Definitive Feasibility Study (DFS) published in June 2018.
OTCQX:CTEQF) is pleased to advise it has today signed a Voluntary Planning Agreement (VPA) with the Shire Councils of Lachlan, Forbes and Parkes, demonstrating the Company’s commitment to working with our host communities to ensure the benefits of the Clean TeQ Sunrise Project are shared among all our stakeholders. Under the VPA, Clean TeQ will fund local initiatives totalling over A$18 million1 over the first 21 years of the Clean TeQ Sunrise Project.
Sam Riggall has been the CEO of Clean TeQ Holdings Limited (ASX:CLQ) since 2014. First, this article will compare CEO compensation with compensation at similar sized companies. Next, we’ll consider Read More...
MELBOURNE, Australia, Nov. 23, 2018 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) announces the results of voting by shareholders during the.