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Andromeda Metals higher on signing high purity alumina MoU with AEM Technologies
The MoU will explore a joint technical and commercial development under which ADN can access AEM’s patented process to construct a facility to produce high purity alumina using ADN kaolin. The company is aiming to fast-track its HPA opportunity towards commercialisation.
Andromeda Metals Ltd (ASX:ADN) has signed an MoU with AEM Technologies Inc to explore a joint technical and commercial development under which the company can access AEM’s patented process to construct a facility to produce high purity alumina (HPA) using ADN kaolin.
ADN and AEM, part of the Advanced Energy Minerals group, have also entered an initial 90-day exclusivity period to explore a HPA licensing transaction that includes testing ADN kaolin feed, process feasibility studies and potential licensing and marketing arrangements.