Queensland Pacific Metals / QPM (ASX)
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Queensland Pacific Metals (ASX:QPM) welcomes A$19.3M investment and offtake deal
- Queensland Pacific Metals (QPM) enters an investment and offtake deal with battery maker LG Energy Solution (LGES) and Korean steel producer POSCO
- The companies to invest a combined US$15 million (roughly A$19.3 million) in QPM through a subscription of ordinary shares at 13.64 cents
- This will result in LGES owning a 7.5 per cent stake in QPM, and POSCO will own a 3.2 per cent interest
- In addition, the companies have committed to offtake majority of the production from QPM's TECH Project in Queensland
- LGES will buy 7000 tonnes of nickel and 700 tonnes of cobalt per annum for up to seven years and POSCO will purchase 3000 tonnes of nickel and 300 tonnes of cobalt per annum for the same period
- Company shares were up 15.5 per cent at 16.8 cents
[Blockierte Grafik: https://themarketherald.com.au…-QPM-1280x720-800x430.jpg]
http://themarketherald.com.au/queensland-pacific-metals-asxqpm-welcomes-a19-3m-investment-and-offtake-deal-2021-06-08/http://wcsecure.weblink.com.au/pdf/QPM/02382719.pdf
"Queensland Pacific Metals (QPM) has entered a binding investment deal and offtake agreement with LG Energy Solution and POSCO GEM 1ST FUND.
The investment
LG Energy Solution (LGES) is a global battery maker with 30 years of of research and development experience that has enabled it to deliver highly-advanced batteries to electric vehicles (EV), energy storage systems, and mobility and IT applications around the world.
POSCO is a leading fully-integrated steel producer in Korea and, based on annual crude steel production, is one of the largest steel producers in the world. In 2020 alone, POSCO produced about 40.6 million tons of crude steel and steel products.
These companies have agreed to invest a combined US$15 million (roughly A$19.3 million) in QPM through a subscription of ordinary shares at 13.64 cents — representing a 16.8 per cent premium to QPM's one-month volume-weighted average price.
Broken down, LGES will invest US$10.5 million (roughly A$13.5 million), or 99,235,889 shares, to own a 7.5 per cent interest in QPM. POSCO will invest US$4.5 million (roughly A$5.8 million), or 45,529,667 shares, to own a 3.2 per cent stake in QPM.
Before agreeing to invest, LGES and POSCO undertook due diligence on QPM and its Townsville Energy Chemicals Hub (TECH) Project in Queensland. QPM is focused on developing its TECH Project into a sustainable producer of critical metals for the EV and lithium-ion battery sectors.
"This is the most meaningful investment in our supply chain for LG Energy Solution since the company spun out from LG Chem. We believe the TECH Project will deliver sustainable nickel and cobalt production that is in line with LGES’ operating philosophy," LGES Global SCM Leader Dongsoo Kim said.
The investment is subject to shareholder approval and a notice of a meeting will be sent out shortly.
Offtake
In addition, the companies have signed an offtake for Queensland Pacific Metals to supply nickel and cobalt from its TECH Project.
LGES has agreed to buy 7000 tonnes of contained nickel and 700 tonnes of contained cobalt per annum for up to seven years.
POSCO will purchase 3000 tonnes of contained nickel and 300 tonnes of contained cobalt per annum for the same time period as LGES.
Initially, the nickel and cobalt will be supplied in the form of mixed hydroxide precipitate (MHP) until QPM completes a commercial production certification process for the TECH Project.
QPM Managing Director Stephen Grocott said the offtake agreements mark a major milestone for the company and its TECH Project.
"The ability for QPM to attract and establish business relationships with
companies of the calibre of LG Energy Solution and POSCO is validation for our company and what we are trying to achieve with the TECH Project," Mr Grocott said.LGES and POSCOS' combined offtake quantities will account for the majority of production from the project.
The offtakes are conditional upon the equity investment being approved and upon the TECH Project achieving commercial production.
Company shares were up 15.5 per cent at 16.8 cents at 10:59 am AEST."
Queensland Pacific Metals advances financing for its 'green' Townsville Energy Chemicals Hub Project
- Queensland Pacific Metals kept at ‘speculative buy’ with price target of $0.38 by Foster Stockbroking
- Queensland Pacific Metals confident of securing TECH project funding after milestone offtake deals
http://www.proactiveinvestors.com.au/companies/news/953431/queensland-pacific-metals-advances-financing-for-its--green--townsville-energy-chemicals-hub-project-953431.htmlhttp://www.youtube.com/watch?v=47jOqBDGYOs
" About the company
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.
How it is doing
20 Aug 2021
Queensland Pacific Metals Ltd (ASX:QPM) has been kept as a Speculative Buy with a price target of $0.38 by broker Foster Stockbroking after the company signed an MoU with Transition Energy Corporation and the North Queensland Gas Pipeline.
The MoU is seen as the first step towards securing gas supply to QPM’s TECH Project in Townsville.
There is also potential for the TECH Project to be a zero-carbon nickel producer, as the company is targeting a “significant reduction in carbon emissions”.
Foster Stockbroking noted that should QPM successfully secures gas from this MoU, it has the potential to see carbon dioxide emissions further reduced and have net negative carbon dioxide emissions if the gas supply is derived from vented and flared gas at existing Queensland coal mines.
11 Aug 2021
Queensland Pacific Metals Ltd (ASX:QPM) has signed a memorandum of understanding (MOU) with Transition Energy Corporation Pty Ltd and North Queensland Gas Pipeline (NQGP) to develop a dedicated gas supply chain from the northern Bowen Basin to QPM’s TECH Project.
The MOU outlines the framework for the parties to negotiate gas supply and transportation agreements and work together to complete studies for the feasibility, design, approvals and construction of the initial gas supply chain, due to be commissioned by the end of 2023.
08 Jun 2021
Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) has entered into a binding agreement with LG Energy Solution (LGES) and POSCO GEM 1ST FUND for a combined equity investment of US$15 million with shares up as much as 24%.
The company has 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.
What management says
08 Jun 2021
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."
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Queensland Pacific Metals advances financing for its 'green' Townsville Energy Chemicals Hub Project- Queensland Pacific Metals kept at ‘speculative buy’ with price target of $0.38 by Foster Stockbroking
- Queensland Pacific Metals confident of securing TECH project funding after milestone offtake deals
http://www.proactiveinvestors.com.au/companies/news/953431/queensland-pacific-metals-advances-financing-for-its--green--townsville-energy-chemicals-hub-project-953431.htmlhttp://www.youtube.com/watch?v=47jOqBDGYOs
" About the company
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.
How it is doing
20 Aug 2021
Queensland Pacific Metals Ltd (ASX:QPM) has been kept as a Speculative Buy with a price target of $0.38 by broker Foster Stockbroking after the company signed an MoU with Transition Energy Corporation and the North Queensland Gas Pipeline.
The MoU is seen as the first step towards securing gas supply to QPM’s TECH Project in Townsville.
There is also potential for the TECH Project to be a zero-carbon nickel producer, as the company is targeting a “significant reduction in carbon emissions”.
Foster Stockbroking noted that should QPM successfully secures gas from this MoU, it has the potential to see carbon dioxide emissions further reduced and have net negative carbon dioxide emissions if the gas supply is derived from vented and flared gas at existing Queensland coal mines.
11 Aug 2021
Queensland Pacific Metals Ltd (ASX:QPM) has signed a memorandum of understanding (MOU) with Transition Energy Corporation Pty Ltd and North Queensland Gas Pipeline (NQGP) to develop a dedicated gas supply chain from the northern Bowen Basin to QPM’s TECH Project.
The MOU outlines the framework for the parties to negotiate gas supply and transportation agreements and work together to complete studies for the feasibility, design, approvals and construction of the initial gas supply chain, due to be commissioned by the end of 2023.
08 Jun 2021
Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) has entered into a binding agreement with LG Energy Solution (LGES) and POSCO GEM 1ST FUND for a combined equity investment of US$15 million with shares up as much as 24%.
The company has 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.
What management says
08 Jun 2021
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."
[Blockierte Grafik: https://c.tenor.com/Qj4S0qwpmB4AAAAC/that-looks-really-bad-cringe.gif]
http://www.proactiveinvestors.com.au/companies/news/958224/queensland-pacific-metals-kept-at-speculative-buy-with-price-target-of-038-by-foster-stockbroking-958224.html -
Queensland Pacific Metals advances financing for its 'green' Townsville Energy Chemicals Hub Project
- Queensland Pacific Metals kept at ‘speculative buy’ with price target of $0.38 by Foster Stockbroking
- Queensland Pacific Metals confident of securing TECH project funding after milestone offtake deals
http://www.proactiveinvestors.com.au/companies/news/953431/queensland-pacific-metals-advances-financing-for-its--green--townsville-energy-chemicals-hub-project-953431.htmlzu NAIF, "Major Project Status", usw, hatte ja schon Was geschrieben, bei BCI Mineral glaube
Queensland Pacific Metals (ASX:QPM) to proceed to NAIF due diligence phase
- Queensland Pacific Metals (QPM) progresses funding talks with the Northern Australia Infrastructure Facility (NAIF) for the Townsville Energy Chemicals Hub (TECH) Project,
- Following a review of the strategic assessment phase, NAIF has decided to move into due diligence phase
- QPM now intends to submit a formal investment proposal to NAIF- GPM is trading 2.86 per cent up at 18 cents per share at 11:48 am AEST
http://themarketherald.com.au/queensland-pacific-metals-asxqpm-to-proceed-to-naif-due-diligence-phase-2021-08-23/?utm_source=threadview%20tmh%20widget&utm_medium=widget&utm_campaign=threadview%20tmh%20widget%20%7C%20click&utm_content=https://hotcopper.com.au/threads/widely-fully-financed-companies.5271206/page-22#post-55490547&utm_term=blank"Materials
ASX:QPM
MCAP $235.1M
Lisa Simcock
Markets Reporter
lisa.simcock@themarketherald.com.au
23 August 2021 10:00 (AEST)Queensland Pacific Metals (QPM) has progressed funding talks with the Northern Australia Infrastructure Facility (NAIF) for the Townsville Energy Chemicals Hub (TECH) Project.
QPM sent the NAIF detailed technical and financial information for the TECH Project and following a review of this strategic assessment phase, the NAIF has decided to move into due diligence phase.
QPM now intends to submit a formal investment proposal to the NAIF.
This move is a key milestone in QPM's engagement with the NAIF and overall funding strategy for the TECH project.
The company will work with the NAIF to provide the required information to complete its due diligence investigations.
QPM Managing Director and CEO Stephen Grocott is pleased that NAIF has entered the due diligence phase.
"This is vindication of the opportunity we have to build a world-leading manufacturing facility of battery metals which will be a game changer for nickel laterite processing, whilst also delivering significant benefits to Townsville and Greater North Queensland," Dr Grocott said .
"I would also like to express my appreciation to the NAIF team for their professionalism in understanding the TECH Project and its technical and commercial elements."
GPM was trading 2.86 per cent up at 18 cents per share at 11:48 am AEST "
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zu NAIF, "Major Project Status", usw, hatte ja schon Was geschrieben, bei BCI Mineral glaube
Queensland Pacific Metals (ASX:QPM) to proceed to NAIF due diligence phase
- Queensland Pacific Metals (QPM) progresses funding talks with the Northern Australia Infrastructure Facility (NAIF) for the Townsville Energy Chemicals Hub (TECH) Project,
- Following a review of the strategic assessment phase, NAIF has decided to move into due diligence phase
- QPM now intends to submit a formal investment proposal to NAIF- GPM is trading 2.86 per cent up at 18 cents per share at 11:48 am AEST
http://themarketherald.com.au/queensland-pacific-metals-asxqpm-to-proceed-to-naif-due-diligence-phase-2021-08-23/?utm_source=threadview%20tmh%20widget&utm_medium=widget&utm_campaign=threadview%20tmh%20widget%20%7C%20click&utm_content=https://hotcopper.com.au/threads/widely-fully-financed-companies.5271206/page-22#post-55490547&utm_term=blank"Materials
ASX:QPM
MCAP $235.1M
Lisa Simcock
Markets Reporter
lisa.simcock@themarketherald.com.au
23 August 2021 10:00 (AEST)Queensland Pacific Metals (QPM) has progressed funding talks with the Northern Australia Infrastructure Facility (NAIF) for the Townsville Energy Chemicals Hub (TECH) Project.
QPM sent the NAIF detailed technical and financial information for the TECH Project and following a review of this strategic assessment phase, the NAIF has decided to move into due diligence phase.
QPM now intends to submit a formal investment proposal to the NAIF.
This move is a key milestone in QPM's engagement with the NAIF and overall funding strategy for the TECH project.
The company will work with the NAIF to provide the required information to complete its due diligence investigations.
QPM Managing Director and CEO Stephen Grocott is pleased that NAIF has entered the due diligence phase.
"This is vindication of the opportunity we have to build a world-leading manufacturing facility of battery metals which will be a game changer for nickel laterite processing, whilst also delivering significant benefits to Townsville and Greater North Queensland," Dr Grocott said .
"I would also like to express my appreciation to the NAIF team for their professionalism in understanding the TECH Project and its technical and commercial elements."
GPM was trading 2.86 per cent up at 18 cents per share at 11:48 am AEST "
QPM to PROCEED TO NAIF DUE DILLIGENCE PHASE; QPM Managing Director and CEO Stephen Grocott commented,“I am delighted that NAIF has accepted the TECH Project to move into the Due Diligence stage. This is vindication of the opportunity we have to build a world-leading manufacturing facility of battery Page | 2Scout Security Limited (ACN 615 321 189)e: info@scoutalarm.com w: http://www.scoutalarm.commetals which will be a game changer for nickel laterite processing, whilst also delivering significant benefits to Townsville and Greater North Queensland. I would also like to express my appreciation to the NAIF team for their professionalism in understanding the TECH Project and its technical and commercial elements”
- Strategic Assessment phase of NAIF Application process has been successfully completed– QPM will now proceed to Due Diligence stage.
- This represents a key milestone in QPM’s engagement with NAIF and overall funding strategy and is an important step in identifying the optimum funding sources required to build the TECH project.
- QPM’s Strategic Assessment Phase outlined the benefits of the TECH Project to Townsville and surrounding North Queensland regions including employment opportunities, indigenous engagement and flow on effect to supporting industries.
- QPM’s TECH Project also fits in the Federal Government’s National Manufacturing Priorities – critical minerals processing to produce essential battery metals for the Electric Vehicle sector.
http://wcsecure.weblink.com.au/pdf/QPM/02410024.pdf -
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QPM to PROCEED TO NAIF DUE DILLIGENCE PHASE; QPM Managing Director and CEO Stephen Grocott commented,“I am delighted that NAIF has accepted the TECH Project to move into the Due Diligence stage. This is vindication of the opportunity we have to build a world-leading manufacturing facility of battery Page | 2Scout Security Limited (ACN 615 321 189)e: info@scoutalarm.com w: http://www.scoutalarm.commetals which will be a game changer for nickel laterite processing, whilst also delivering significant benefits to Townsville and Greater North Queensland. I would also like to express my appreciation to the NAIF team for their professionalism in understanding the TECH Project and its technical and commercial elements”- Strategic Assessment phase of NAIF Application process has been successfully completed– QPM will now proceed to Due Diligence stage.
- This represents a key milestone in QPM’s engagement with NAIF and overall funding strategy and is an important step in identifying the optimum funding sources required to build the TECH project.
- QPM’s Strategic Assessment Phase outlined the benefits of the TECH Project to Townsville and surrounding North Queensland regions including employment opportunities, indigenous engagement and flow on effect to supporting industries.
- QPM’s TECH Project also fits in the Federal Government’s National Manufacturing Priorities – critical minerals processing to produce essential battery metals for the Electric Vehicle sector.
http://wcsecure.weblink.com.au/pdf/QPM/02410024.pdfhttp://hotcopper.com.au/threads/ann-qpm-to-proceed-to-naif-due-diligence-phase.6234650/
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Ich denke dass Die Wahrscheinlichkeiten SCHON ZIEMLICH GUT aussehen hier künftig Einen Produzent zu sehen.
Garantieren kann man es aber -noch- nicht.
Zusätzlich kommt als Ein Aspekt dass Das "TECH" Projekt verhältnismässig sehr, sehr umweltfreundlich ist, wäre(Re auch: @"ESG").............................Das ist, m.E., EIn SEEEEEHR Interessanter Artikel.
Auf Den werde voraussichtlich noch zurückkommen
(weil Die Queensland Pacific Metal Story "eigentlich noch Viel weitergehend" ist(hat nicht nur aber auch "Einiges mit Dem "DNI Prozess" zu tun"), als bis jetzt ausgeführt)Can $QPM and the DNi process help solve the upcoming Nickel Shortage Crisis?
[Blockierte Grafik: https://pbs.twimg.com/media/E5…9?format=jpg&name=900x900]
http://twitter.com/Ichi_moku22/status/1413117322223493122?s=20 -
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