QEM Limited (AU:QEM) has released an update.
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QEM Limited has successfully repaid the A$759,000 loan from CL Fitch Pty Ltd, which was funded by the proceeds from the sale of the Julia Creek Renewables Project. The loan repayment was completed without incurring any early repayment fees. This strategic financial move strengthens QEM’s position as it continues to develop its significant vanadium and oil shale resources at the Julia Creek Project in Queensland.
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