Yeah I completely agree. The government just gave 45 million grant to Alpha HPA which are a 500m MC company that makes no revenue yet, they are still trying to get a plant up.
Not only are we progressing well, we have a one of a kind patented process, we are part of the global battery alliance, good team and resources and the team are looking at getting grants and funding due to us being part of the critical minerals strategy. The way we are positioned and focused on decarbonisation as well makes us attractive to governments and companies.
The Australian Government has announced (2022 Critical Minerals Strategy) the addition of HPA to the list of Critical Minerals. This announcement provides recognition of HPA as a necessary ingredient in the development of advanced manufacturing in Australia. ChemX is investigating possible funding opportunities which may be available as part of the Critical Minerals Strategy for the rapid development of the HiPurATM HPA technology
CMX Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
