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Aquirian Limited ( (AU:AQN) ) just unveiled an announcement.
Aquirian Limited announced a $5.0 million share placement to fund upgrades at its Wubin emulsion facility and accelerate technology commercialization. The company secured a 12-month tolling agreement expected to generate $1.5 million in revenue and is actively pursuing additional opportunities. The manual Collar Keeper® System is now compatible with more drilling platforms, and the automated version is nearing production trials. These advancements are expected to enhance operational safety and cost-effectiveness, reinforcing Aquirian’s leadership in the industry.
More about Aquirian Limited
Aquirian Limited operates in the energetics and technology sectors, focusing on providing integrated solutions for the drill and blast process. The company is known for its innovative products like the Collar Keeper® System, which enhances blast hole quality and efficiency, and is working towards a biodegradable variant. Aquirian is strategically positioned to lead in blast outcomes through its comprehensive control over the drill and blast process.
Average Trading Volume: 144,686
Technical Sentiment Signal: Buy
Current Market Cap: A$34.49M
Learn more about AQN stock on TipRanks’ Stock Analysis page.