About Us - VERDE MAGNESIUM

Overview

About Us

Verde Magnesium will be the EU’s dedicated primary metallic Magnesium (Mg) producer, supplying Europe with up to 50% of its demand which is currently 100% imported (93% from China)
Brownfield redevelopment of a previously fully permitted project and renewal of feasibility studies located next to the world’s largest proven reserve of brucite containing high MgO concentration
Production can start by 2025 subject to the ability of National Agency for Mineral Resources of Romania (NAMR) to issue a mining license tender within its existing laws/procedures
EU location provides access to the large automotive, aerospace and aluminum sectors of Europe as well as incentives aligned with the EU Green Deal and EU Industrial Strategy
World class management team with successful track-records in Mg Industry
US equity sponsor with strong investment track-record in building natural resources ventures, having successfully transacted with energy supermajors and Western governments

The Magnesium Market is niche and tech-driven

Magnesium is significantly lighter and stronger than aluminum, titanium and steel
Niche global market at ~1 million mt and ~$3bn but rapidly growing estimated at 4-7% per annum until 2040

Use cases are currently focused on Automotive & Aerospace parts casting, Aluminum alloying, Steel desulfurization, with emerging technological trends such as Mg-Ion batteries and Hydrogen release from Mg Hydrates (to be recharged/recycled)
Recent evolutions in alloys with better corrosion and high temperature performance are further opening new niches for Mg as the material of choice for light-weighting solutions

Market dynamics support diversified Mg sources, especially in the EU

China dominates 89% / 93% of Global / EU magnesium supply
EU has identified magnesium as its #2 most critical raw material (CRM) after Rare Earths
US protects domestic Mg production by applying 150% import tax on Chinese imports; lower import taxes for other origins creates trading opportunities for non-Chinese material.