2021-06-29 by Proactive Australia
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.
Brent crude futures rose for a second day on Wednesday to US$72.37 a barrel on signs of strong fuel demand in Europe, while the prospect of a near-term.
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Gold prices rose 0.4% to US$1,906.80 per ounce on Wednesday, hovering below a near five-month peak achieved in the previous session. Global investors are awaiting U.S. payrolls data due on Friday to gauge cues on future monetary policy.
S&P/ASX 200 (INDEXASX:XJO) has hit another record high earlier today, with the index lifting 0.9% to 7281.8.
The Big 4 banks were the largest contributors to the market’s gains as Commonwealth Bank (ASX:CBA) hit a fresh record high of $101.85 this morning.
Energy stocks are also continuing to gain, with the sector lifting by 2.84% following a 1.4% rise in brent crude oil price to US$71.25 a barrel.