Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
BHP Faces AU$1.3 Billion Wage Adjustment for Queensland...
​Royal Gold to Create Streaming and Royalty Giant...
Chris Berry: The West Must Invest in Refinement...
Torex Gold Moves Beyond Single-Asset Status With Reyna...
Ekin Ober on Why AI Could Be Mining’s...
Maritime Resources: A Low-risk Path to Gold Production...
Stallion Uranium Provides Update on Technology Data Acquisition...
Trump Tariffs to Raise US Medical Device Costs,...
EVs Now Emit 73 percent Less Than Gasoline...
OpenAI to release web browser in challenge to...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

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

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

You may also like

Mkango’s Q3 Results Highlight Progress at US, UK...

November 30, 2024

Top 10 Countries for Natural Gas Production (Updated...

August 17, 2024

3 Best-performing Canadian Nickel Stocks of 2024

October 4, 2024

Uranium Reserves: Top 5 Countries (Updated 2024)

September 26, 2024

Ford Government Pushes Bill 5 Through Legislature, Sparking...

June 7, 2025

7 Copper ETFs and ETNs

May 10, 2025

Element79 Announces Payment Extension Agreement for Lucero Project

December 24, 2024

Cizzle Brands Strengthens U.S. Footprint of CWENCH Hydration...

April 11, 2025

NVIDIA Rallies After Strong Q1, AI Demand Outshines...

May 31, 2025

Trident Royalties PLC Announces Holding in Company

August 17, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • BHP Faces AU$1.3 Billion Wage Adjustment for Queensland Coal Miners

      July 11, 2025
    • ​Royal Gold to Create Streaming and Royalty Giant in US$3.7 Billion Deal

      July 11, 2025
    • Chris Berry: The West Must Invest in Refinement Now or Fall Further Behind

      July 11, 2025
    • Torex Gold Moves Beyond Single-Asset Status With Reyna Silver Takeover

      July 11, 2025
    • Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

      July 11, 2025
    Promotion Image

    banner ads

    Categories

    • Business (764)
    • Economy (829)
    • Investing (2,387)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 smarttradeinsights.com | All Rights Reserved