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QEM Limited ( (AU:QEM) ) has provided an update.
QEM Limited announced that the Queensland Government has finalized the Terms of Reference for the Environmental Impact Statement for its Julia Creek Vanadium and Energy Project. This milestone allows QEM to begin preparing the EIS, a crucial step towards obtaining an Environmental Authority and Mining Lease, thereby advancing the project. The development of the EIS is expected to align with the company’s commitment to environmental and community standards, contributing to Queensland’s critical minerals sector and the global energy transition.
More about QEM Limited
QEM Limited is a publicly listed company focused on the exploration and development of the Julia Creek Vanadium and Energy Project in North West Queensland. The project aims to utilize sustainable energy solutions for producing energy fuels and vanadium pentoxide, targeting the global energy storage sector and steel industry. The project is one of the largest ASX listed vanadium resources, with significant mineral and oil resources, strategically located near major infrastructure.
Average Trading Volume: 129,884
Technical Sentiment Signal: Sell
Current Market Cap: A$8.75M
See more insights into QEM stock on TipRanks’ Stock Analysis page.