Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

ChemX Granted HiPurA® HPA New Zealand Patent and Pilot Plant Progress

by admin September 23, 2024
September 23, 2024
ChemX Granted HiPurA® HPA New Zealand Patent and Pilot Plant Progress

ChemX Materials (ASX:CMX) (ChemX or the Company), an Australian high purity critical materials company and 100%-owner of the HiPurA® patented process to produce High Purity Alumina (HPA) ispleased to announce it has received notice of grant for its innovative HiPurA® patent within New Zealand from the New Zealand Intellectual Property Office (NZIPO). Grant of HiPurA® Patent in New Zealand
ChemX receives A$191,935 (Tranche 2) via R&D tax incentive loan facilityHPA Pilot Plant Progress

This patent follows granting of the Australian Patent in February 20241 and further solidifies ChemX’s competitive edge in becoming a key producer of 4N (99.99%) and 5N (99.999%) HPA within Australasia. Further international jurisdictions are pending and ChemX is working with its patent advisors to have these granted.

Chief Executive Officer, Peter Lee said:

“Patent awards continue to underpin the global rollout of ChemX’s HiPurA® technology and the Company looks forward to accelerating its commercialisation strategy in the key markets including LEDs, semiconductors and electrical vehicles following the successful commissioning of the Pilot Plant and off take negotiations which have begun.”

“Importantly, ChemX expects additional international patents to awarded over time.”

Tranche 2 of R&D funding Received

ChemX’s HiPurA® Pilot Plant is being built in O’Connor, Western Australia and the Company pleased to advise it has also received A$191,935 (tranche 2) via Radium Capital loan facility (R&D funding method) secured against the estimated R&D Tax incentive refund for FY24.

Radium Capital is a R&D finance provider offering advance access to eligible R&D funds. ChemX Materials’ total FY24 eligible tax refund is estimated to be $A552,419, of which ChemX has now received 80% ($441,935). The final 20% (less interest and fees) is to be received in the final quarter of calendar 2024.

Pilot Plant Progress

ChemX previously announced the successful commissioning of the Pilot Plant Leach module, and this remains in a state of operational readiness. Delays have been experienced in the construction of the Solvent Extraction (SX) module due to longer than expected lead times on key process equipment and delivery of electrical infrastructure.

During this period, ChemX has embarked upon increased safety measures including:

Completing the installation of double containment bunds and additional double walled storage vesselsDevelopment of enhanced safety systems supporting wireless integrated control with interlocks, alarms, and shutdown/startup automationDevelopment of enhanced control capabilities for optimisation of key process parameters including historization and online trend analysis

The above initiatives deliver improved layers of safety with regard to solvent (SX area) management and provide inventory hold points within the process where purity may be quantitatively tested/verified against expected elemental purity before processing further. These cost saving measures negate unnecessary processing of sub-standard interim process batches, build towards key commercial plant design considerations, and unlock advanced process optimisation capabilities.

ChemX has achieved operational readiness within Precipitation, Drying and Calcination areas and expects Reagent delivery systems to achieve operational readiness status in October 2024. Other key statutory activities including waste-water disposal permitting and chemical storage & handling permitting pre- requisites are in progress and advancing well.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Operations Update
next post
Nordic Nickel Limited (ASX: NNL) – Trading Halt

Related Posts

Crypto Market Update: Ethereum Funds Draw US$2.12 Billion...

July 22, 2025

What is the VIX Index?

April 29, 2025

Gold Price Breaks US$2,900 as Tariff Turmoil Boosts...

February 11, 2025

Cizzle Brands Corporation Becomes Title Sponsor of the...

February 7, 2025

BHP Releases Latest Quarterly Results, Olympic Dam Faces...

October 22, 2024

Awalé Resources Announces Board Changes

May 16, 2024

Retraction of Lo Herma Scoping Study Statements

June 6, 2025

OPINION — Goldenomics 103: Gold Protects and Performs

August 16, 2025

Bitcoin Well Receives Receipt for Final Base Shelf...

March 8, 2025

Maritime Announces Repayment of Senior Secured Notes Due...

July 30, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • ‘Doctor Strangelove with a mustache’: Bolton blasted for ‘profiteering’ off US secrets by White House advisor

      August 27, 2025
    • EPA urged to axe funds for ‘radical’ climate project accused of training judges, state AGs rally

      August 27, 2025
    • Bolton may be in hot water as FBI investigation expands beyond controversial book

      August 27, 2025
    • EPA urged by state AGs to axe funds for ‘radical’ climate project accused of training judges

      August 27, 2025
    • Intel rival SkyWater pitches itself as all-American firm as Trump mulls more equity deals

      August 27, 2025

    Categories

    • Business (1,083)
    • Investing (2,915)
    • Politics (3,567)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved