Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Suvo Strategic Minerals ( (AU:GT3) ) has provided an announcement.
Green360 reported a transformative quarter as it moved into commercial supply of high-reactivity metakaolin for low-carbon cement through its Eco-Clay product, supported by its Pittong kaolin operation with significant spare capacity. The company’s toll treatment deal with Calix, first commercial Eco-Clay production runs, and large-scale validation pours on major Victorian infrastructure projects signal a ramp-up in its role in the decarbonisation of concrete.
Quarterly customer receipts eased to $2.6m amid a customer shutdown and Chinese New Year seasonality, while production costs rose to $3.0m due to mining and pre-commercial Eco-Clay runs. A $4.5m equity placement, a $3.0m CRC project grant, and a $5.4m cash balance providing about 7.2 quarters of funding position Green360 to commercialise Eco-Clay and advance further low-carbon cement alternatives in the near term.
More about Suvo Strategic Minerals
Green360 Technologies is an ASX-listed low-carbon building and industrial materials company focused on producing high-reactivity metakaolin and other cement alternatives. Its flagship Eco-Clay product is a supplementary cementitious material that can replace up to 40% of Portland cement, and is supplied from the company’s Pittong wet kaolin processing facility in Victoria, Australia’s only such plant.
Average Trading Volume: 1,201,457
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$44.98M
Find detailed analytics on GT3 stock on TipRanks’ Stock Analysis page.