$BMN.ax today closed at A$1.29; A$193M MC a 2Y low.
The last time it traded at that level was Aug 2021 right before #uranium market took off because of #SPUT $U.un
Short 🧵 about a piece of the 🧩 investors might be missing that is not (directly) related to uranium
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The last time it traded at that level was Aug 2021 right before #uranium market took off because of #SPUT $U.un
Short 🧵 about a piece of the 🧩 investors might be missing that is not (directly) related to uranium
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Many investors forgot that on 5/19/2022 @BannermanEnergy $BMN.ax acquired a strategic stake in Namibia Critical Metals $NMI.v
BMN owns 42% of the company's shares now.
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BMN owns 42% of the company's shares now.
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@BannermanEnergy NMI closed an agreement with Japan Organization for Metals and Energy Security (JOGMEC) that will provide for enough capital to develop the project. Important in current times of high inflation/interest rates
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@BannermanEnergy Why is that important?
NMI's key project is the Lofdal Heavy Rare Earths project. One of very few HREE projects in development in the western world. While light REE afre nit really rare. Heavy REE are very rare and China controls 99% of that supply chain/market
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NMI's key project is the Lofdal Heavy Rare Earths project. One of very few HREE projects in development in the western world. While light REE afre nit really rare. Heavy REE are very rare and China controls 99% of that supply chain/market
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@BannermanEnergy Among the HREE is for example Ytterbium which is feedstock for producing Lutetium-177 which is a medical isotope that is used in radiopharmaceuticals i.e. cancer imaging & therapy. I mentioned medical isotopes also in my latest blog post
shovel-stocks.com/post/uranium-p…
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shovel-stocks.com/post/uranium-p…
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@BannermanEnergy Some charts of companies involved in the radiopharma in the following comments.
Remember: prociding the raw materials that are of rare supply in the world is of high value. NMI and in turn $BMN.ax will likely benefit
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Remember: prociding the raw materials that are of rare supply in the world is of high value. NMI and in turn $BMN.ax will likely benefit
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@BannermanEnergy SCI Engineered Materials $SCIA monthly chart. They are not involved in Lu-177 but I think Molybdenum100/99
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@BannermanEnergy I left out $ASPI as this was a recent (failed) IPO & will need some time to recover.
Last but not least: $SLX.ax announced their medical isotopes project recently. Share are depressed because of raise but are recovering
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Last but not least: $SLX.ax announced their medical isotopes project recently. Share are depressed because of raise but are recovering
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@BannermanEnergy As you can see, holding 42% of a company (NMI) that has already a big chunk of project financing in place ( via JOGMEC) that aims to be future producer of the feedstock (HREE) that will (among others) be used in radiopharma is very valuable. Great job @brandon_munro $BMN.ax
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