Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) is advancing discussions with a number of parties pertaining to debt and equity funding for its green Townsville Energy Chemicals Hub (TECH) Project in Queensland.
The company believes achieving success in the project feasibility stage will increase its value and open doors to funding opportunities for the project construction.
Its funding options include traditional equity investors, strategic investment by partners/offtakers, government grants, including manufacturing grant and R&D tax incentive.
The company is pushing ahead to turn into a producer of battery chemicals in Australia, as well as positioning the TECH Project to be a world-leader in sustainable nickel production as the “exceptional greenhouse gas life cycle data” makes it even more attractive to investors.
The company acknowledges the Bindal People as Traditional Owners and Custodians of the Lansdown site at Townsville and the agreement shows a commitment.
Queensland Pacific Metals executes key Cultural Heritage Management Agreement for TECH Project
The company acknowledges the Bindal People as Traditional Owners and Custodians of the Lansdown site at Townsville and the agreement shows a commitment to ensuring Aboriginal Cultural Heritage is identified and managed. QPM project manager Stewart Hagan with Bindal People representatives at Lansdown Creek adjacent to the project site.
Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) has entered into a Cultural Heritage Management Agreement (CHMA) with the Bindal People for its TECH Project at Townsville in North Queensland.
According to the agreement, the company acknowledges that the Bindal People are the Traditional Owners and Custodians of the Lansdown site where the TECH Project will be constructed.