Impact Minerals Acquires Majority Stake in Lake Hope HPA Project

Impact Minerals Limited ( (AU:IPT) ) just unveiled an announcement.

Impact Minerals Limited has acquired an 80% interest in Playa One Pty Ltd, the owner of the Lake Hope High Purity Alumina (HPA) Project, by issuing 120 million shares. This acquisition follows a successful Pre-Feasibility Study that confirmed the project’s robust economics, with a net present value of A$1.165 billion and low operating costs. The company plans to integrate the Lake Hope feedstock with its recently acquired HiPurA® processing technology, aiming to enhance the project’s economics and accelerate its entry into the HPA market. The next steps include commencing a Definitive Feasibility Study and constructing a pilot plant to produce HPA samples for customer qualification, marking a significant advancement in Impact Minerals’ strategy and operations.

More about Impact Minerals Limited

Impact Minerals Limited is a company operating in the mining industry, focusing on the production of high-purity alumina (HPA). The company is involved in the development of the Lake Hope HPA Project in Western Australia, which is positioned to become a low-cost, scalable supplier of HPA as the market experiences rapid growth.

YTD Price Performance: -9.09%

Technical Sentiment Signal: Sell

Current Market Cap: A$31.95M

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