Mining Think Tank of Afghanistan’s Post

Well at least some honesty, finally. I will continue to maintain that, legislators’ actions in the last few years are central to the illegal mining menace. Call back ineffective laws, and where such laws are subsidiary legislations work yo make sure they are withdraw, with the institutions that drove their passage, the EPA in particular. Harm already done. Use the same whip system, and get the EPA (essentially the Executive) to withdraw the LI2462. Executive arm is open to initiate the process. Are you the Parliamentarians going to do the needful? https://lnkd.in/ep_FhGzq

CCGG has been granted leave to intervene in the important Supreme Court of Canada case Lundin Mining Corporation, et al. v. Don Markowich, where the Court will consider the meaning of ‘material change’ in the context of when the need for disclosure arises on the part of an issuer. Investors and issuers need clarity around the definition and the Court will be looking at balancing investors’ need for timely and relevant information with issuers’ disclosure burden. See the SCC’s grant of leave to intervene here: Supreme Court of Canada - SCC Case Information - Docket - 40853 (scc-csc.ca). For a consideration of the Lundin case up to the Court of Appeal stage, see Torys’ 2023 article: A more generous approach to “material changes” under the Securities Act | Insights | Torys LLP. 

Philosophies have to change. Old ways of doing business wont work with today’s geopolitical landscape. Anybody paying attention knew this was coming and will also reach the other provinces dependant on its outcome. But are we not tired of awaiting on court rulings or allowing court rulings dictate our future? The work needs to be put in to see better outcomes. We made agreement before and we called it treaty and I refuse to believe we cannot find agreement again. We have too! The future of our country depends on it https://lnkd.in/gAVevtmc

Of course, the miracle of contemporary media corruption, and government policy idiocy, is that you can have open-source research by experienced analysts, like me, that just blows every single #OfficialLie out of the water. That will not stop the bad policy being made. Ultimately, it is taxpayer funds at stake, but money talks. Just follow the cash to understand #CriticalMinerals. At the end of every #PolicyRainbow you will find a crock. It is NOT a crock of gold. The Leprechaun got a subsidy and a tax credit to go hawk the gold.

Have you had the chance to see our map of political exposure in the DRC? TruthSeeker is our starting point for developing maps that identify political exposure or illicit networks. https://lnkd.in/eYYkKw-C

PRC entity A despoils Yukon environment with shoddy plans and substandard operations, then PRC entity B in unrelated sector prevents the equipment, machinery and buildings from being sold to help mitigate the clean-up costs of the environmental devastation. Apparently entity A was never required to post financial security. How was this possible in the 2010s in Canada? Isn't this supposed to only happen in places like Indonesia or Africa? Important investigations by George McLeod. As Rick Rule has pointed out, political risk is an ever-present reality in countries such as Canada, and not only in what might seem like far away places. I would suggest in this case, there are indications that political risk (to whom? to impacted First Nations and the public: the 'host(s)' as well as the 'guest' taking political risk) took the form of some level of political corruption on the part of federal Canadian regulators and leaders. Cam Currie Sam Cooper Paul Gruner, MBA, CPA, ICD.D Emil Kalinowski, CFA

Blast from the past. US$4 billion project CAPEX. Assumes $24,000/t lithium carbonate price. Is the project still economically viable now that LCE prices have fallen to less than half the assumed price? TRANSACTION TERMS Tranche 1 of the transaction will be structured through the initial issuance of 15,002,243 subscription receipts to GM, whereby each subscription receipt will, upon satisfaction of escrow release conditions, convert into one common share and 79.26% of a Tranche 2 Alternative Exercise Warrant (“Tranche 2 AEW”), with a Tranche 2 AEW exercisable into a common share at a price of $27.74 for a term of 36 months. The conversion of the subscription receipts will result in the issuance of all shares issuable for the Tranche 1 Investment and, through the shares issuable upon exercise of the Tranche 2 AEW, the allocation of all shares issuable under the Tranche 2 subscription. The escrow release conditions for the subscription receipts include delivery of a ruling under the Thacker Pass Record of Decision (“ROD”) appeal that does not result in vacatur of the ROD, and conditions related to water rights transfer for Thacker Pass among other customary closing conditions. Upon satisfaction of the escrow release conditions and the issuance of the Tranche 1 shares, the parties will execute and deliver the Offtake Agreement and the Investor Rights Agreement. The parties will implement Tranche 2 either through the exercise of the Tranche 2 AEW or a purchase of shares under a second tranche subscription agreement (which would result in the automatic termination of the Tranche 2 AEW) that provides for the purchase $329,852,134.38 of shares of the Company at prevailing market price, to a maximum of $$27.74 per share (adjusted for the separation, if applicable). To the extent that GM completes an investment under one subscription alternative (either the Tranche 2 subscription agreement or the Tranche 2 AEW), the Common Shares will cease to be issuable under the other agreement. In addition to other closing conditions, Tranche 2 will be subject to a condition that the Company secure sufficient funding to complete the development of Phase 1 of the Thacker Pass Project as set out in the Feasibility Study. Completion of the Transaction remains subject to customary regulatory approvals, including approval of the TSX and NYSE, and other customary closing conditions. A copy of the Purchase Agreement, the Offtake Agreement and the Investor Rights Agreement will be available on the Company’s page on SEDAR and on EDGAR. ADVISORS AND COUNSEL BMO Capital Markets served as financial advisor, and Cassels Brock & Blackwell LLP, Dorsey & Whitney LLP and McCarthy Tétrault LLP served as legal counsel to Lithium Americas. Morgan Stanley & Co. LLC served as financial advisor to GM. Mayer Brown LLP and Osler, Hoskin & Harcourt LLP served as legal counsel to GM.

I agree with Kevin below - what would it really mean anyway? The US has no synchronization of economic, social, environmental and national security (and shall I include political) initiatives. China will kick our keisters all day long, because they in fact do. What will being listed as a "critical mineral" in the USA mean for the sector? Will the government and regulatory regime, and society, actually embrace and support critical mineral production 10 years, 20 years, 50 years down the road? This is how we must think to be globally competitive. Otherwise we'll suffer all the tidy embarrassments of dependence for another couple generations.

https://lnkd.in/dcZVDQQ8 The minister explains it most succinctly: “We are working with consultants to ensure the smooth emergence of a corporation which will be private sector-driven. We are looking at a corporation with a structure that has 50% equity for the private sector; 25% for members of the public; 25% for the federal government. Our vision is to erect private sector-led enduring structures for the corporation that will foster efficiency, outlive the present administration, and consequently wean it from future government interference.” ...