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CMX - ChemX Materials

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ChemX Materials Limited 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 (that is 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.

It is anticipated that CMX will list on the ASX during January 2022.

 

Dona Ferentes

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Listing date14 January 2022 ; 12:00 PM AEDT##
Contact detailshttps://chemxmaterials.com.au/
Ph: +61 8 6374 2070
Principal ActivitiesThe Company's main business undertaking is the development of projects and processes to produce materials in high demand in new energy and technology markets.
GICS industry groupTBA
Issue PriceAUD0.20
Issue TypeOrdinary Fully Paid Shares
Security codeCMX
Capital to be Raised$8,000,000
Expected offer close date07 December 2021
UnderwriterNot underwritten. Ventnor Securities Pty Ltd (Lead Manager).
 
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Had considered trading this using 0.23,0.27,0.32 stops...
Wasn't prepped for it so didn't.
Chart from start, 15 minute bars.

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