• Green Critical Minerals to raise $2.48m to commercialise graphite tech
  • Tech converts graphite to saleable high-density blocks for heat management applications
  • The company is also advancing the PFS for the McIntosh project

 

Special Report: Green Critical Minerals has secured commitments for $2.48m via a placement at 0.65c per share to commercialise its VHD Block tech and development studies at its McIntosh graphite project in NSW.

The funds raised will be used to build a pilot plant for the company’s ground-breaking tech that converts graphite into saleable, high-density graphite blocks known as VHD graphite.

Containing among the highest thermal conductivity ever recorded for any bulk material, these blocks are considered an exceptional component of heat management applications such as solar-thermal systems, nuclear reactors and high-performance electronics.

The company is targeting the applicable more than US$680 billion electronics market.

In addition, the funds will assist the company in finalising the pre-feasibility study for the high purity McIntosh graphite project that could ultimately provide the company with an end to end mine to market supply chain.

 

Rapid fit out for revenue generation

The placement will also fund the commercialisation plan for the VHD Block Technology at the companies recently announced industrial facility in NSW – which means the company can soon bring the ground-breaking technology to the revenue generation stage.

Rapid pilot plant fit out is the plan, with procurement of the equipment required to build out the pilot plant now underway under the supervision of Head of Research and Development Professor Andrew Ruys.

With the new funds GCM is well capitalised to execute the construction of the pilot facility, produce VHD Blocks for customer qualification, and begin sales negotiations with potential off takers.

“We are thrilled with the overwhelming support received in this capital raising, reflecting strong investor confidence in Green Critical Minerals and the unique potential of our VHD Block Technology,” Green Critical Minerals (ASX:GCM) managing director Clinton Booth said.

“The funds raised will be pivotal in advancing the commercialisation of this ground-breaking technology and furthering development at the McIntosh graphite project, which could ultimately provide a mine to market supply chain.

“This backing positions us well to drive substantial progress towards our growth ambitions and deliver significant value to our shareholders.”

Testing will also take place to understand the high purity McIntosh properties when put through the VHD Block Technology process.

 

 

This article was developed in collaboration with Green Critical Minerals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Read MoreGraphite

Featured Companies

You might be interested in