Hazer Group teams with Mineral Resources to build synthetic graphite facilities
The company's shares are trading circa 12% higher intra-day, at $0.53.
Company
ASX:MIN
Mineral Resources Ltd (ASX:MIN) is a listed on the Australian Securities Exchange.
85 stories · page 4 of 5
The company's shares are trading circa 12% higher intra-day, at $0.53.
Neometals portfolio includes world-class lithium and titanium assets.
Shares are trading up 24% intra-day, currently priced at $0.51.
Neometals held $45.5 million in cash at the end of June 2017.
Neometals has a 13.8% stake in the Mt Marion Lithium Project.
At June 30, Neometals held A$62 million in cash and investments, with no debt.
Neometals holds a stake in Mt Marion, along with other lithium assets.
Neometals Ltd has resolved to end its sale process for its stake in Mt Marion.
The Mt Marion Lithium Operations are located in Western Australia.
$210+ million raised this month from debt and equity funding.
The proposed sale price is worth circa A$125 million.
Hazer shares have more than tripled since their December 2015 IPO.
Commissioning of the facility is expected to be complete this month.
Hazer has raised $5 million in a placement with an SPP to follow.
Neometals owns a 13.8% share in the Mt Marion Lithium Project.
Neometals is trading up 75% over the past 12 months, currently priced at $0.34.
This first shipment follows the successful commissioning and continued ramp up.
Neometals has a 13.8% interest in the Mt Marion lithium operation.
Hazer Group Ltd (ASX:HZR) has made further appointments to the company’s Science Advisory Committee (SAC), bringing expertise in process development, hydrogen production and new energy technologies.
Pilbara Minerals Ltd and Mineral Resources Ltd have both been granted trading halts.