TipMeFast, Inc. Announces Letter of Intent to Acquire Strategic Graphite and Gold Mine Assets
TipMeFast (OTC: TMEF) has signed a Letter of Intent to acquire the 'La Misa' graphite mine and 'Rosalia' and 'El Tambor' gold mines in Mexico. The assets will be consolidated under a new subsidiary, Lucent Materials, targeting both battery materials and precious metals sectors. The graphite acquisition is strategically important as it's a important component in EV batteries, requiring approximately 1kg per kWh of battery energy. The move comes amid China's tightened graphite export restrictions and the US's 100% import dependency. The gold mines are expected to provide a hedge against market volatility and generate cash flow to support graphite operations. The acquisition is anticipated to close in Q1 2025.
TipMeFast (OTC: TMEF) ha firmato una Lettera di Intenti per acquisire la miniera di grafite 'La Misa' e le miniere d'oro 'Rosalia' ed 'El Tambor' in Messico. Le attività saranno integrate in una nuova sussidiaria, Lucent Materials, che si concentrerà sia sui materiali per batterie che sui metalli preziosi. L'acquisizione del grafite è strategicamente importante poiché è un componente fondamentale nelle batterie per veicoli elettrici, richiedendo circa 1 kg per kWh di energia della batteria. Questa mossa arriva in un contesto di restrizioni più severe da parte della Cina sulle esportazioni di grafite e della dipendenza totale degli Stati Uniti dalle importazioni. Si prevede che le miniere d'oro forniscano una protezione contro la volatilità del mercato e generino flusso di cassa per sostenere le operazioni legate al grafite. Si prevede che l'acquisizione si concluda nel primo trimestre del 2025.
TipMeFast (OTC: TMEF) ha firmado una Carta de Intención para adquirir la mina de grafito 'La Misa' y las minas de oro 'Rosalia' y 'El Tambor' en México. Los activos se consolidarán bajo una nueva subsidiaria, Lucent Materials, que se centrará en los materiales para baterías y en el sector de metales preciosos. La adquisición de grafito es estratégicamente importante ya que es un componente esencial en las baterías de vehículos eléctricos, requiriendo aproximadamente 1 kg por kWh de energía de batería. Este movimiento se produce en medio de las estrictas restricciones de exportación de grafito de China y la dependencia del 100% de Estados Unidos de las importaciones. Se espera que las minas de oro proporcionen una protección contra la volatilidad del mercado y generen flujo de caja para apoyar las operaciones de grafito. Se anticipa que la adquisición se cierre en el primer trimestre de 2025.
TipMeFast (OTC: TMEF)가 멕시코의 '라 미사' 흑연 광산과 '로살리아', '엘 탐보르' 금 광산을 인수하기 위한 의향서를 체결했습니다. 자산은 루센트 머티리얼스라는 새로운 자회사를 통해 통합되어 배터리 재료와 귀금속 부문을 목표로 할 것입니다. 흑연 인수는 전기 자동차 배터리의 중요한 구성 요소로, 배터리 에너지 1kWh 당 약 1kg이 필요하므로 전략적으로 중요합니다. 이 조치는 중국의 엄격한 흑연 수출 제한과 미국의 100% 수입 의존 속에서 이루어졌습니다. 금 광산은 시장의 변동성에 대한 헤지 수단을 제공하고 흑연 운영을 지원하기 위한 현금 흐름을 생성할 것으로 예상됩니다. 인수는 2025년 1분기 내에 마무리될 것으로 예상됩니다.
TipMeFast (OTC: TMEF) a signé une lettre d'intention pour acquérir la mine de graphite 'La Misa' ainsi que les mines d'or 'Rosalia' et 'El Tambor' au Mexique. Les actifs seront consolidés sous une nouvelle filiale, Lucent Materials, qui visera à la fois le secteur des matériaux de batteries et celui des métaux précieux. L'acquisition du graphite est stratégiquement importante car c'est un composant essentiel des batteries de véhicules électriques, nécessitant environ 1 kg par kWh d'énergie de batterie. Cette initiative intervient dans un contexte de restrictions plus strictes sur les exportations de graphite en Chine et de dépendance totale des États-Unis vis-à-vis des importations. On s'attend à ce que les mines d'or fournissent une protection contre la volatilité du marché et génèrent un flux de trésorerie pour soutenir les opérations liées au graphite. L'acquisition devrait se conclure au premier trimestre de 2025.
TipMeFast (OTC: TMEF) hat ein Letter of Intent zur Übernahme der Grafitmine 'La Misa' sowie der Goldminen 'Rosalia' und 'El Tambor' in Mexiko unterzeichnet. Die Vermögenswerte werden in einer neuen Tochtergesellschaft, Lucent Materials, zusammengeführt, die sich auf Batteriematerialien und Edelmetalle konzentriert. Der Erwerb von Grafit ist strategisch wichtig, da es ein wesentlicher Bestandteil von Elektrofahrzeugbatterien ist und etwa 1 kg pro kWh Batterieleistung benötigt wird. Dieser Schritt erfolgt vor dem Hintergrund der verschärften Exportbeschränkungen für Grafit in China und der 100%igen Importabhängigkeit der USA. Die Goldminen werden voraussichtlich eine Absicherung gegen Marktschwankungen bieten und einen Cashflow erzeugen, um die Grafitoperationen zu unterstützen. Der Abschluss der Übernahme wird im ersten Quartal 2025 erwartet.
- Strategic acquisition of graphite mines addresses US dependency on Chinese imports
- Vertical integration into the growing EV battery materials supply chain
- Gold mines expected to generate steady cash flow and hedge against market volatility
- Diversification of revenue streams through both battery materials and precious metals
- Acquisition costs and terms not disclosed
- Integration and development timeline uncertainties
- Operational risks associated with mining in Mexico
- Execution risk in entering new mining operations
Irvine, Ca, Dec. 19, 2024 (GLOBE NEWSWIRE) -- TipMeFast, Inc. (“TipMeFast” or the “Company”) (OTC: TMEF) today announced the signing of an LOI to acquire certain graphite mine assets referred to as the "La Misa" mine and gold mines referred to as "Rosalia" and "El Tambor" located in Mexico. The Company plans to consolidate these assets under a new subsidiary, Lucent Materials, positioning itself to meet growing demand in both the battery materials and precious metals sectors.
Graphite is a key component in the anode of lithium-ion batteries used in electric vehicles (EVs). Approximately 1kg of graphite is needed per kWh of battery energy, which makes it the most significant element of the battery cell by weight. Of the raw materials used in car batteries, graphite is the most difficult to source outside of China.
In retaliation to Washington’s newly threatened tariffs and export controls, China has significantly tightened restrictions on graphite exports. The United States currently imports
Steven Arenal, President of TipMeFast/Lucent Inc. commented, "The acquisition of these quality graphite mining assets will ensure the continued availability of graphite, a key component of both EV batteries and higher conductivity of transmission of energy, ensuring the Company will continue producing cutting edge products into the future. The creation of Lucent Materials as a dedicated subsidiary represents our vertical integration strategy to become a player in the battery materials supply chain while maintaining exposure to precious metals through our gold operations."
Mr. Arenal continued, “The strategic acquisition of the gold mines aligns with the Company's risk management strategy, providing a natural hedge against market volatility and inflation while generating steady cash flow to support the development of its graphite operations. The precious metals assets are expected to help fund the Company's expansion in the battery materials sector while maintaining a strong balance sheet.”
Subject to customary closing conditions, the acquisition is expected to close in the first quarter of 2025.
Lucent engages in sustainable business practices and supports all 17 of the UN’s Sustainable Development Goals.
Further information on Lucent can be found at https://www.lucentlabs.ai.
About Lucent Inc.:
Lucent’s mission is to revolutionize the AI data center and cloud computing industry through AI application platforms and harnessing the power of clean energy. With offices in Irvine, CA, and Taipei, Taiwan, Lucent is committed to providing sustainable, reliable & high-performance solutions that empower businesses and public sectors to thrive in a digital world. Through collaboration & partnership with governments, businesses, and communities, and unwavering dedication to environmental responsibility, Lucent strives to create a brighter, cleaner future for all.
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FAQ
What mines is TMEF acquiring in Mexico?
When is TMEF expected to close the mining assets acquisition?
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How will the gold mines benefit TMEF's business strategy?
