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 offtake agreements for the sale of 10,000 tonnes contained nickel and 1,000 tonnes contained cobalt from its TECH Project with LGES and POSCO. Funds received from the equity investment will be used to advance the TECH Project, including bringing forward detailed design work which will facilitate earlier placement of long-lead time plant and equipment.
Queensland Pacific Metals confident of securing TECH project funding after milestone offtake deals
Quick facts: Queensland Pacific Metals Ltd
Price: 0.265 AUD
Market Cap: $359.24 m
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