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Oct 15, 2020
Korean deal may push up scale of Townsville plant

Korean deal may push up scale of Townsville plant

Pure Minerals is looking at scaling up its planned Townsville battery materials plant after scoring a major deal with South Korean chemical company LG Chem. It says the move would bring economies of scale along with more jobs and other benefits for Townsville and the greater community. LG Chem is seeking to buy up to… ...

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Oct 14, 2020
Aurizon in $50m push for low-carbon locos

Aurizon in $50m push for low-carbon locos

Rail freight operator Aurizon will look into low-carbon options to drive its trains, including battery and hydrogen power. The company has announced a $50 million Future Fleet Fund as part of a climate strategy released today. Managing director and chief executive officer Andrew Harding said more than 90 per cent of the company’s emissions were… ...

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Sep 21, 2020
Townsville battery tech proponent making headway

Townsville battery tech proponent making headway

Pure Battery Technologies has acquired a commercial-scale processing operation in Germany – bringing its proposed Townsville plant a step closer. The Queensland battery material refiner has completed its feasibility study and is seeking investment prior to construction of what it describes as a ‘shovel ready’ project in Townsville. The proposed plant – expected to cost̷...

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Sep 04, 2020
Strong support for Townsville battery factory shares placement

Strong support for Townsville battery factory shares placement

Magnis Energy Technologies has welcomed ‘firm commitments’ from institutional, professional and other investors to raise $7.65 million via a placement of 45,000,000 ordinary shares at 17 cents per Share. The company is proposing to build a battery plant in Townsville. The offer is being managed by joint lead managers Aitken Murray Capital Partners and Foster… ...

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Aug 17, 2020
State green light on $3b battery plant plan

State green light on $3b battery plant plan

Imperium3 Townsville is moving ahead with its planned $3 billion North Queensland lithium-ion battery plant after receiving State approval on the project feasibility study. Magnis Energy Technologies, one-third owner of iM3TSV, announced the approval today and said the board had formally approved investment to proceed to the next stage of development. it said the Imperium3… ...

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Aug 10, 2020
Genex Power raises cash to fast-track CQ battery project

Genex Power raises cash to fast-track CQ battery project

Genex Power is on a fundraising drive to help fast-track the planned Como battery project in Rockhampton and cover financial close costs for the Kidston hydro project. The company has raised just over $21 million through a successful share placement and announced a share purchase plan today to raise a further $7 million. It comes… ...

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Aug 04, 2020
Genex to bring big battery project to Rockhampton

Genex to bring big battery project to Rockhampton

Genex Power has revealed plans for a big battery project in Central Queensland, with construction planned to begin next year. The 50MW/75MWh Como battery storage project will be built near Rockhamption and is expected to cost around $50 million to bring online. Genex Power is also continuing to advance its Kidston pumped hydro project south-west… ...

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Jul 27, 2020
Sun Metals and TECH team up in iron oxide study

Sun Metals and TECH team up in iron oxide study

Townsville zinc refinery operator Sun Metals and the proponents of the planned TECH battery chemical plant will investigate the potential to sell a joint iron oxide product. Pure Minerals’ TECH (Townsville Energy Chemicals Hub) project is expected to produce 327,000 tonnes per annum of high-grade iron oxide (haematite) as a co-product of processing nickel laterite… ...

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Jul 23, 2020
NQ project set to meet supercharged market

NQ project set to meet supercharged market

The electric vehicle battery market is being supercharged during the COVID-19 crisis, and a Townsville project is poised to make the most of the hot demand. Newly appointed Pure Minerals chief executive officer Stephen Grocott said the company‚Äôs TECH battery chemicals project was well-placed to enter the fray. It skipped the steps involved in getting… ...

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