leadf
logo-loader
viewQueensland Pacific Metals Ltd
(
ASX:QPM
)

Queensland Pacific Metals halted with offtake and funding agreement news upcoming

The company acknowledges the Bindal People as Traditional Owners and Custodians of the Lansdown site at Townsville and the agreement shows a commitment to ensuring Aboriginal Cultural Heritage is identified and managed.

Queensland Pacific Metals Ltd -
The company is the 100% owner of the Townsville Energy Chemicals Hub.

Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) is in a trading halt with an announcement pending in regard to finalisation of an offtake and associated funding agreement.

The trading halt will remain in place until the beginning of normal ASX trade on Tuesday, June 8, or until an announcement is released to the market, whichever occurs earliest.

Cultural Heritage Management Agreement

In early May the company entered into a Cultural Heritage Management Agreement (CHMA) with the Bindal People for its TECH Project at Townsville in North Queensland.

According to the agreement, the company acknowledges that the Bindal People are the Traditional Owners and Custodians of the Lansdown site where the TECH Project will be constructed.

The CHMA between QPM and the Bindal People is being implemented to ensure Aboriginal Cultural Heritage is identified and managed as part of the TECH Project.

Quick facts: Queensland Pacific Metals Ltd

Follow
ASX:QPM

Price: 0.275 AUD

Market Cap: $372.79 m

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 named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Queensland Pacific Metals confident of securing TECH project funding after...

Queensland Pacific Metals Ltd's (ASX:QPM) Stephen Grocott speaks to Proactive's Andrew Scott soon after announcing they've entered into a binding agreement with LG Energy Solution (LGES) and POSCO GEM 1ST FUND for a combined equity investment of US$15 million. QPM's also entered into binding...

on 8/6/21

2 min read