Re: Deutsche Bank Fireside Chat Results with CEO Jon Evans - Pros and Cons (12/7/22)
posted on
Dec 14, 2022 08:44PM
Thanks InRR. I copied your article in case someone has a problem to login on that page:
Deutsche Bank Fireside Chat Results with CEO Jon Evans - Pros and Cons (12/7/22)
The following are the highlights from a recent fireside chat with Deutsche Bank and CEO John Evans Deutsche Bank's 7th Annual Lithium and Battery Supply Chain Conference (December 7th, 2022):
Cauchari:
There is a delay in first production to sometime in First half of 2023
First production will likely not be technical grade, due to the purification elements not being complete, but will be complete sometime in first half of 2023 to start battery grade production then
2023 Volumes expected to be >15kt
2024 Volumes will be under 40ktpa but closer to that level
Offtake agreements already exist for most of production volumes which will be priced at market indices
Thacker Pass:
Oral Arguments scheduled for January 5th
Decision is expected soon after according to management
The decision and outcome remain uncertain but the outcome remains key for the project and the company
Only after that is done will an asset spin-off occur
It will likely take about a 6-month process after clarity is given (again it is unclear at this stage whether there will be an Affirmation, a remand with vacatur, a remand with injunction, or a remand with no vacatur or injunction, or possibly some other option)
A strategic partner will be announced following a decision on the project (assuming an affirmative decision is reached)
Feasibility Study is not complete but approaching completion