leadf
logo-loader
viewPure Minerals Ltd

Pure Minerals in trading halt with capital raising announcement pending

Pilot plant work by ALS Global is progressing well and the company has formed a pilot project management team to monitor progress.

Pure Minerals is focused on developing a modern battery metals refinery in northern Queensland
Pure Minerals focused on developing a modern battery metals refinery in northern Queensland

Pure Minerals Ltd (ASX:PM1) has been granted a trading halt by the ASX with a capital raising announcement pending  

The halt will remain in place until the beginning of trade on Monday, September 21, or when an announcement is released to the market, whichever occurs earliest.

Tech Project advancement  

Pure Minerals subsidiary Queensland Pacific Metals Pty Ltd (QPM) has been making steady progress with the TECH Project aimed at establishing a value-adding metals processing facility in the Queensland city of Townsville.

Pilot plant activities are progressing as planned at ALS Global Hydrometallurgy Centre of Excellence in Perth with final pilot plant flowsheet details agreed and assembly underway.

A pilot project management team comprising representatives from ALS Global, CSIRO, Direct Nickel and QPM has been established and the team is holding weekly meetings to monitor progress.

Further progress has come by way of an iron collaboration with Sun Metals, a wholly-owned subsidiary of Korea Zinc, to undertake agglomeration work on a haematite by-product.

Quick facts: Pure Minerals Ltd

Price: 0.039 AUD

ASX:PM1
Market: ASX
Market Cap: $35.98 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Pure Minerals Ltd named herein, including the promotion by the Company of Pure Minerals Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Pure Minerals CEO says LG Chem deal is big endorsement for its TECH project

Pure Minerals Ltd's (ASX:PM1) chief executive officer Stephen Grocott caught up with Proactive's Andrew Scott soon after entering a non-binding MOU with LG Chem Ltd for the supply of nickel and cobalt from the TECH Project of its wholly-owned subsidiary Queensland Pacific Metals Pty Ltd (QPM)....

on 19/10/20

2 min read