"As we announce this successful capital raising, it is appropriate to reflect on ourtransformational journey since January 2021, the period we last raised capital. At the time, the company was very much in its infancy and did not have any operating business, plant &equipment, inventory or any form of revenue generation. We have subsequently built a focused team, established a growing operating business (PPS) with tier-1 clients and continued to make significant progress towards the commercialisation of our proprietary process technologies. In relation to technology commercialisation, earlier this year we announced the completion of a landmark feasibility study for a leading global energy company, based on our proprietary brine processing technologies. Whilst these evaluations remain ongoing, encouraged by our ongoing achievements, including various technology breakthroughs, shortly after completing the feasibility study, we expanded our target market for our coal seam gas (CSG) brine processing technologies to the entire CSG industry in Queensland, through our Master Plan. More recently, we announced we were also pursuing smaller upstream prospects as part of ourMaster Plan related objectives. These upstream prospects not only provide near-term opportunities for our brine processing technologies but are also of a scale which Parkway could reasonably execute and own, potentially enabling us to create and capture significant value. We believe this specialised application of our key process technologies, provides Parkway with an opportunity to systematically build a significant operating business in Queensland.The proceeds from the capital raising announced today, will enable us to continue to significantly expand our internal capabilities, including in relation to the modularisation, fabrication and integration of our key process technologies. Building these internal capabilities is a crucial step in the commercialisation journey and will also provide us with a platform for deploying our technologies in other high value applications, particularly in the resources sector.As we continue to build our project execution capabilities, we are concurrently evaluating potential applications for our process technologies with several global mining companies, which represent significant opportunities, we expect to be able capture, over time, through our modular systems. Following the completion of this capital raising, we will have the resources to continue to grow our business and make the necessary investments, required to bring our process technologies to market, and thereby solve large scale and complex industrial wastewater challenges. Finally, on behalf of Parkway, I’d like to take this opportunity to thank our existing shareholders for their ongoing support, as well as welcome incoming shareholders to the Parkway journey.”
- Forums
- ASX - By Stock
- PWN
- Ann: Proposed issue of securities - PWN
Ann: Proposed issue of securities - PWN, page-2
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PWN (ASX) to my watchlist
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.13M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $4.981K | 625.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 17350566 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 510915 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 17120566 | 0.007 |
15 | 2929550 | 0.006 |
3 | 1610009 | 0.005 |
2 | 1900000 | 0.004 |
2 | 45944909 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 510915 | 3 |
0.009 | 9873504 | 11 |
0.010 | 1120002 | 2 |
0.011 | 1665000 | 5 |
0.012 | 70000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
PWN (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online