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An announcement from Aquirian Limited ( (AU:AQN) ) is now available.
Aquirian Limited has announced a strategic partnership with Topgroup, involving a $2.3 million placement and a non-binding Memorandum of Understanding to form a 50:50 joint venture named Drillforce WA. This collaboration aims to integrate Aquirian’s technology and supply chain with Topgroup’s operational expertise to deliver comprehensive drill and blast services. The partnership is expected to enhance Aquirian’s market position by leveraging existing assets and technology, offering a low CAPEX growth model, and applying its proprietary Collar Keeper® System across Topgroup’s new drill fleet. The funds from the placement will be used to accelerate the commercialization of Aquirian’s technology portfolio.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
More about Aquirian Limited
Aquirian Limited operates in the mining services industry, focusing on providing technology and energetics solutions. The company is known for its innovative products and services, such as the patented Collar Keeper® Systems, which are designed to enhance the efficiency and safety of drilling and blasting operations.
Average Trading Volume: 157,902
Technical Sentiment Signal: Buy
Current Market Cap: A$45.33M
Find detailed analytics on AQN stock on TipRanks’ Stock Analysis page.