PM1 1. 3 cents $ 8 million Market Cap PFS in March , producing 26 000 Nickel Sulphate per annum , Colbalt 3000 tonnes and HPA 4000 .EBITA Base case$ 261 million per annum . They have several contractors working on the Pilot Plant and the target is to have the plant ready to process the bulk ore sample from New Caledonia by September this year .
This is good news today . Everything is moving along Final Investment Decision being brought forward adds weight to this theory . Many directly or indirectly involved with PM1 and QPM were strongly buying in between the mid to late 1 cent area .
Appointment of Mineral Processing Industry Leader as Chief Executive Officer • Dr. Stephen Grocott to join Pure Minerals as Chief Executive Officer • Dr. Grocott spent most of the past 15 years in senior executive roles developing and supporting large scale projects and he has extensive experience in bringing process improvements into commercial operation • New CEO role will drive relationships with potential offtakers for the TECH Project
Dr. Grocott commented: “The global growth in battery electric vehicle sales is staggering. Through government economic stimulus policies, the COVID crisis is only accelerating this growth. What is missing however is the supply of the very battery chemicals that the TECH project will produce. A projected 1.3Mtpa of nickel alone is required by 2028. “Not only does the Pure Minerals TECH project have this market pull in its favour, but it combines technology, a high-grade ore supply and a location to get to market faster and with lower risk than battery chemical production alternatives. I am delighted to join the Pure Minerals team at this time and to assist the path to project development, project funding and commercial production.
” Managing Director John Downie commented: “We are delighted to have Stephen on board and I welcome him to the organisation. His exposure and international networks within the EV battery sector will be invaluable to the Company as we step up our marketing efforts to potential customers and strategic investors. Stephen’s experience and world class metallurgical capability will also be critical as we advance through feasibility and pilot work and then engineering for the TECH project.”
