PAK will continue to pursue its North American coal interests with the most valuable asset being the Elko coking coal project in British Columbia. PAK will seek to optimize potential project development parameters and engage in negotiations with industry operators with a view to eventually developing the project for sales into export markets, primarily in eastern Asia.
Imagine IM is a 40% owned associate of PAK. It is developing graphene-based coatings for industrial textiles and fibres as well as other graphene related commercial applications. It is the first company in the world to develop conductive geosynthetic materials using functionalised graphene. The PAK investment in Imagine IM is integral to Pacific American’s strategy to seek exposure to high growth carbon technologies that are compatible with ownership and development of it quality coking coal assets in British Columbia, Canada.
PAK Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
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