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ChemX Materials Limited ( (AU:CMX) ) has provided an update.
ChemX Materials Limited has completed its Deed of Company Arrangement, with creditor and shareholder approval leading to control of the company being transferred to a newly appointed board in July 2025, as it continues efforts to recapitalise and restructure following an administration process. During the September quarter, the company’s shares remained suspended from trading on the ASX, operations and exploration activities were effectively on hold, and ChemX relied on informal funding from a director-related entity to meet basic operating, compliance and restructuring costs, while addressing an ASX query over late director interest notices and reaffirming its governance and disclosure commitments.
More about ChemX Materials Limited
ChemX Materials Limited (ASX: CMX) is an Australian-listed materials company whose shares have been suspended from trading on the ASX since December 2024. The business has recently undergone an administration and recapitalisation process, culminating in a Deed of Company Arrangement and the appointment of a new board as it works to stabilise its financial and corporate position.
Technical Sentiment Signal: Sell
For a thorough assessment of CMX stock, go to TipRanks’ Stock Analysis page.