|Bid||0.1900 x 0|
|Ask||0.1950 x 0|
|Day's range||0.1850 - 0.1950|
|52-week range||0.1050 - 0.4450|
|Beta (5Y monthly)||1.31|
|PE ratio (TTM)||N/A|
|Earnings date||20 Aug 2018 - 24 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1.00|
(Bloomberg) -- Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments.An already tough environment to raise project finance for the mines is being made worse by the impact of the coronavirus pandemic and plunging global auto sales. It’s a scenario that’s threatening to slow a pipeline of operations planned to supply lithium, nickel and cobalt materials.With “mind-blowing” projections from the auto industry on its future raw material needs, the best solution could be for vehicle producers to invest directly in mining operations, according to Sam Riggall, chief executive officer of developer Clean TeQ Holdings Ltd.“Having to invest upstream is not what a car company wants to do, we understand that, but the rules have changed,” Riggall said. “We’re building a supply chain that’s never existed before, for a range of metals that have never been needed before by this industry.”Auto companies have outlined plans to spend more than $140 billion on electric vehicle production, an industry shift that’ll need producers of specialist materials and metals for batteries to dramatically lift output. Nickel demand is forecast to surge about 16-fold through 2030 from 2018, while there will also be a significant rise in demand for graphite, lithium, copper and aluminum, according to BloombergNEF.Lithium producers alone will need an estimated $25 billion to $30 billion in financing over the next decade to meet demand, BNEF said in a February report.Automakers are seeking more involvement in the riskier parts of their supply chains, Scott Tozier, chief finance officer of Albemarle Corp., the top lithium producer, said in an interview.In talks, vehicle producers want better understanding on “how do I make sure I get the product I need, when I need it,” he said. “Will they go all the way to invest, we’ll have to wait and see -- it’s too early to call.”For battery producers and automakers, with no existing expertise in mining, investments would only make sense for strategic reasons, such as geopolitical security, said Sophie Lu, BNEF’s head of mining and metals. Many large mining companies remain hesitant to enter into niche markets, or already have options to bring on capacity inside their own portfolios.It means smaller developers of battery metals projects “are swimming in a very shallow pool of retail capital and are starving for start-up capital,” she said.Nickel sulfate, among materials that Clean TeQ’s Sunrise mine project aims to produce, is a key industry concern. Even a doubling of production capacity through 2030 won’t be enough to keep pace with demand, and the market could fall into deficit as soon as 2023, BNEF analysts forecast. Lithium hydroxide could also fall into deficit by 2023 amid a squeeze in refining capacity, according to the analysts.“I scratch my head and wonder where is all this metal going to come from,” Clean TeQ’s Riggall said. “The risks to the automotive sector are very, very large unless they secure their raw materials supply chain.” Clean TeQ is continuing a search for a partner begun last June for the Sunrise nickel-cobalt-scandium development in Australia. The project has an estimated cost of about $1.5 billion, according to a June 2019 filing.While major car producers do understand funding challenges faced by metals producers, most are wary of exposure to mining projects that come with unfamiliar risks and can take years to move from exploration to production, according to Vivas Kumar, a principal consultant at industry adviser Benchmark Mineral Intelligence and previously a member of Tesla Inc.’s battery supply chain team.What’s more likely is that the auto sector will move to add more offtake contracts, agreements to buy future production, that can help developers unlock traditional sources of project finance, he said.China’s Great Wall Motor Co. previously agreed a supply deal with lithium miner Pilbara Minerals Ltd., while Tesla, battery maker LG Chem Ltd. and others struck pacts on output from a separate planned mine and refinery project in Australia.“They provide validation of your project, that there is a blue-chip end customer to generate cash flow,” according to Kumar. Automakers are increasingly “recognizing that this is something that they could do that could actually help the junior miners get financing,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
When Clean TeQ Holdings Limited (ASX:CLQ) released its most recent earnings update (31 December 2019), I wanted to...
MELBOURNE, Australia, May 04, 2020 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that the following securities have lapsed and have.
Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) provides the following update in relation to the business impacts of the control measures which have been implemented in response to the outbreak of COVID-19. At present there have been no material impacts on Clean TeQ’s ongoing operations. Until they are lifted, those measures are likely to result in delays to some of the Company’s field activities including progressing the completion of the ongoing water purification projects, pilot projects and CleanBio Lense manufacturing in China.
Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), announces that strong progress is being made towards Clean TeQ securing an engineering, procurement and construction (EPC) contract with Townsville City Council for a large-scale water recycling plant utilizing our HiROx® process and BioLense encapsulated bacteria. HiROx® is an ultra-high recovery water treatment process which combines Clean TeQ’s continuous ion exchange (CIF) technology with reverse osmosis. Clean TeQ Water has been advised that it is the preferred contractor to deliver a recycled water re-use plant at the Cleveland Bay Purification Plant in Townsville, however, final award of an EPC contract is subject to a range of conditions including agreement on commercial terms, construction schedule and pricing.
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Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that Mr Michael Spreadborough has tendered his resignation as Independent Non-Executive Director in order to focus on a recent executive appointment. The Board would like to thank Mr Spreadborough for his significant contribution to the Company’s development since his appointment in December 2016. An Appendix 3Z – Final Director’s Interest Notice for Mr Spreadborough is attached.
MELBOURNE, Australia, Feb. 24, 2020 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) is pleased to advise that Managing Director and CEO Mr Sam.
Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), is pleased to announce a collaboration with Panasonic Corporation Global Procurement Company to develop applications for Scandium Aluminium Alloys for Panasonic Group. The two companies have also agreed a binding Scandium Offtake Heads of Agreement for Clean TeQ to supply up to five tonnes per annum of scandium oxide (volumes to be determined at Panasonic’s election) from the Company’s Sunrise Project in Australia.
MELBOURNE, Australia, Nov. 12, 2019 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) gives notice via the attached Appendix 3Y of a change in Mr.
Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) announces the successful customer acceptance of commissioning and handover of a ground-breaking Continuous Ionic Filtration (CIF®) plant in Oman. Sam Riggall, Clean TeQ CEO, stated, “Achieving successful customer acceptance of commissioning and handover of the world’s first ever commercial scale CIF® plant for this application is a moment of great significance for Clean TeQ.
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MELBOURNE, Australia, Oct. 31, 2019 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) announces the results of voting by shareholders during the.
Mr Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), will present an update (available at https://www.cleanteq.com/investors/company-presentations) to shareholders today at 10:00am at the Company’s Annual General Meeting in Melbourne. 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.
MELBOURNE, Australia, Oct. 30, 2019 -- Clean TeQ Holdings Limited (ASX/TSX:CLQ; OTCQX:CTEQF) (the Company) advises that Mr. Shawn Wang has resigned as a director of the Company.
When Clean TeQ Holdings Limited (ASX:CLQ) released its most recent earnings update (30 June 2019), I compared it...
OTCQX:CTEQF), provides the following update relating to progress at its wholly-owned Clean TeQ Sunrise Battery Materials Complex in central New South Wales (Project or Sunrise). As referenced in the Company’s ASX release of 30 September 2019, and following completion of several milestones for engineering deliverables, a review has been undertaken to assess a variety of project delivery options for the next phase of the Sunrise Project.
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The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
MELBOURNE, Australia, July 26, 2019 -- HIGHLIGHTS Clean TeQ Sunrise front end engineering and design progressing steadily, approximately 43% complete Fluor.
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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.
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.