Queensland Pacific Metals upscales SPP to $5 million due to overwhelming demand
The company received $10.6 million in valid subscriptions for the proposed $3 million SPP leading to the decision to upscale.
Company
Queensland Pacific Metals Ltd
ASX:QPM
Queensland Pacific Metals Ltd (ASX:QPM) has the Townsville Energy Chemicals Hub (TECH) Project, which is envisaged to become a sustainable producer of critical chemicals for the lithium-ion battery and electric vehicle sectors, particularly nickel. The project aims to import high-grade nickel laterite ore from New Caledonia for unloading at the Port of Townsville and then to be transported by road or rail to the TECH Project site at Lansdown. The site allocated for the project in the Townsville Industrial Precinct has all the necessary infrastructure including, water and gas pipelines, electric transmission lines, fibre optic communications, existing Ross River and edify solar arrays, road train access to Townsville Port and rail line.
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Queensland Pacific Metals higher on producing battery spec nickel sulphate from pilot plant mixed hydroxide precipitate
A conventional flowsheet was used to produce battery chemical nickel sulphate from nickel-cobalt MHP - satisfying the strictest industry battery specifications.
Queensland Pacific Metals to close SPP early after overwhelming response
“The strong investor support for QPM is a very positive signal to external parties in all areas of the business including potential offtakers, equipment suppliers, major consumable suppliers and regulatory bodies,” says MD.
Queensland Pacific Metals in MoU with Eramet group subsidiary for supply of New Caledonian nickel laterite ore for TECH Project
Both companies have agreed to negotiate in good faith for an ore supply agreement for about 800,000 wmt per annum commencing in 2023.
Queensland Pacific Metals launches SPP to raise up to $3 million following $15 million placement
The company is now fully funded to complete the DFS and regulatory approvals for the TECH Project after completing an oversubscribed $15 placement.
Queensland Pacific Metals raises $15 million in strongly oversubscribed placement to complete TECH Project DFS
The company is now funded to complete the Definitive Feasibility Study and regulatory approvals for the TECH Project.
Queensland Pacific Metals in trading halt ahead of capital raising announcement
Expert consultants in MHP production and refining of MHP into nickel and cobalt sulphate have confirmed QPM’s test results are in line with leading MHP products currently sold around the world.
Queensland Pacific Metals' pilot tests on TECH Project MHP deliver strong results
As part of QPM’s technical team, the company engaged leading consultants who are experts in both MHP production and its refining of MHP into nickel and cobalt sulphate.
Queensland Pacific Metals’ TECH Project adds another feather to cap after greenhouse gas report confirms low CO2 emissions
The TECH Project’s estimated carbon dioxide emission is 36% lower than the industry average calculated by the Nickel Institute for nickel sulphate production.
Queensland Pacific Metals shares soar on decision to boost size of TECH Project size by at least two times
The DNi Process™ Licence has been finalised with Altilium Group, further facilitating the TECH Project expansion.
Queensland Pacific Metals executes MoU with Port of Townsville for TECH Project access
The Port of Townsville has confirmed that there will be sufficient capacity available for the company to import up to 1.5 million tonnes of ore per annum and to export TECH Project production.
Queensland Pacific Metals pilot plant campaign provides confidence to proceed with TECH Project DFS
Around 14 dry tones of representative New Caledonian ore was processed, producing mixed hydroxide precipitate (MHP) that will be sent to potential offtakers.
Queensland Pacific Metals secures $1 million R&D facility to accelerate work programs
The funds will go towards the TECH Project and start the definitive feasibility study. Its pilot plant activities and other technical work are progressing well.
Queensland Pacific Metals non-executive chairman makes on-market purchase
Eddie King has acquired 750,000 new shares in the company for total consideration of $29,000.
Queensland Pacific Metals produces first MHP at TECH Project pilot plant
The company has also signed an agreement seeking to utilise electricity from solar generation and network assets for the Townsville project.