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CMX - CHEMX MATERIALS LIMITED


nipper
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ChemX Materials Ltd (CMX) has entered into an agreement to acquire HiPurA Pty Ltd, the owner of an innovative High Purity Alumina (HPA) processing technology. Global demand for HPA is primarily being driven by the demand for lithium ion batteries, given the increasing transition to renewable energy sources. The HiPurA HPA technology is a unique and novel process (subject to a provisional patent application) utilising commonly available aluminous chemicals as a feedstock to produce HPA.

The Company also holds two exploration licences in the Eyre Peninsula, South Australia which are prospective for kaolin / halloysite and manganese. The Company will apply funds raised under the Offer to undertake an exploration drilling programme scheduled to commence in Q1 2022.

Listing date 14 January 2022 12:00 PM AEDT##
Contact details

https://chemxmaterials.com.au/

Principal Activities The main business undertaking is the development of projects and processes to produce materials in high demand in new energy and technology markets.
   
Issue Price AUD0.20
Issue Type Ordinary Fully Paid Shares
Security code CMX
Capital to be Raised $8,000,000
Expected offer close date 07 December 2021
Underwriter Not underwritten. Ventnor Securities Pty Ltd (Lead Manager).
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