High Voltage: One of the year’s most anticipated battery IPOs is listing today
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Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel and vanadium.
Li-S believes it has overcome the inherent problems with lithium-sulphur batteries by using boron nitride nanotubes (BNNTs) as a nano-insulator.
BNNT –a ‘superfibre’ 100 times stronger than steel, light as carbon fibre, super flexible, more thermally conductive than copper, and able to sustain high temperatures of up to 1000 degrees without degrading – is the reason PPK’s share price has jumped a massive 10,000% in the last five years.
Lithium-sulphur batteries (also known as Li-S batteries) have the potential to provide a much greater energy storage capacity than current lithium-ion batteries.
However, to date their main drawback has been that they tend to fail after relatively few charging cycles, and this has inhibited their mass adoption, Li-S Energy chairman Ben Spincer says.
“By using BNNTs and other novel components in its new lithium-sulphur battery technology, Li-S Energy has substantially increased cycle life,” he says.
“Test batteries have now demonstrated sustained performance over 600 charge/recharge cycles whilst retaining a specific energy capacity almost three times that of a typical commercial lithium-ion battery.”
Affordable, high-performance lithium-sulphur batteries could lead to EVs that drive further, drones that fly longer, and mobile devices that last for days instead of hours, Spincer says.
“To advance its strategy, Li-S Energy intends to scale up its development and production team, install a pilot battery production plant and, in collaboration with product manufacturers, retrofit Li-S Energy batteries into a range of products to demonstrate clearly the performance advantages.”
Li-S shares will begin trading for 85c on Tuesday, 11am AEST.
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths and vanadium are performing>>>
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This nickel explorer is up ~240% since moving into lithium-ion battery recycling earlier this month.
Hannans, with tech developed by majority shareholder Neometals (ASX:NMT), wants to recover high purity metals from scrap and spent batteries in Norway, Sweden, Denmark and Finland – the region with the highest electric vehicle (EV) penetration rates in the world.
Subject to securing a feedstock source, Hannans’ decision on Stage 1 plant locations is expected 1st Quarter next year.
In a poorly worded announcement, it appears a pretty boring deal has been struck for heavyweight lithium producer Ganfeng to run a brine pipeline through PNN’s ‘Santa Ines’ copper gold project in Argentina.
Punters saw ‘Ganfeng’ and lithium’ and went crazy, but this has nothing to do with lithium for PNN.
Santa Ines is in the same rocks as BHP’s (ASX:BHP) world-class Escondida copper-gold mine in Chile, 80km away, PNN says.
While the announcement does not mention compensation, the agreement will see PNN and Ganfeng jointly pay for an Induced Polarisation (IP) geophysical survey on 11km of the proposed pipeline area within Santa Ines.
For PNN, it will be an exploration tool to find copper-gold targets for drill testing.
It will also give Ganfeng reassurance that the pipeline trace will not require relocation in the event of a mineral discovery.
Some exciting news for the rare earths project developer on Monday:
“We have engagement with European manufacturers to directly supply them with material,” Arafura Resources Chief Financial Officer Peter Sherrington said in an interview with @ElisBehrmann from @BloombergTV #ASX #ARU https://t.co/lvbF9OqJvZ
— Arafura Resources (@ARULtd) September 23, 2021
Arafura is targeting final investment decision at the “shovel ready” Nolans NdPr rare earths project in the NT by the second half of 2022 to meet growing demand from the battery sector.
First projection will ideally follow in late 2024, the company says.
The +$1bn market cap lithium hopeful led the mid-cap winners on Monday after securing a “cornerstone investor” for its Manono development in the DRC.
Private Chinese company CATH will pay US$240 million cash for an initial 24% equity stake in the project.
“Proceeds from the transaction will fund a majority of the total project financing required, whilst AVZ will retain a controlling 51% interest in the Manono Project post-completion of the transaction and its position as lead developer of the Manono Project,” the company says.
Soil sampling has dialled in on 11 nickel-copper-PGM and 11 lithium targets at Impact’s Arkun project in WA.
The Arkun project is very poorly explored, with no drilling and no previous lithium exploration at all.
“To have identified 11 targets for nickel-copper-PGM is exciting enough in its own right — but recognising the potential for lithium pegmatites over a very large area is also a significant breakthrough for Impact,” managing director Dr Mike Jones says.
Based on the strength and scale of these new anomalies, Jones is confident that further work at Arkun “will generate numerous targets for drill testing early in 2022”.