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Papyrus Australia Ltd ( (AU:PPY) ) has provided an update.
Papyrus Australia Ltd has successfully finalized a contract with TBS Mining Solutions to manufacture and supply Biodegradable Collar Keeper Products, marking a significant milestone in the company’s transition from research to commercial operations. This contract, valued at approximately $4.2 million over 3.5 years, grants Papyrus exclusive global production rights and aligns with sustainable mining practices by eliminating plastic waste. Additionally, the company’s Adelaide Rapid Prototyping and R&D Facility has achieved key operational milestones, positioning it as a central hub for technology and product development as Papyrus prepares for commercial scale operations.
More about Papyrus Australia Ltd
Papyrus Australia Ltd operates in the sustainable materials industry, focusing on the development and commercialization of biodegradable products. The company is known for its innovative approach to converting plantation waste into environmentally friendly products, with a market focus on providing sustainable alternatives to traditional materials.
Average Trading Volume: 1,271,771
Technical Sentiment Signal: Sell
Current Market Cap: A$4.82M
For a thorough assessment of PPY stock, go to TipRanks’ Stock Analysis page.