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QEM Limited ( (AU:QEM) ) has shared an announcement.
QEM Limited has announced that recent metallurgical test work conducted by the University of Queensland has challenged the assumptions of its 2024 Scoping Study for the Julia Creek Vanadium and Energy Project. The results indicate that the direct recovery of kerogen for vanadium extraction is not viable, prompting QEM to initiate a strategic review of the project. This review will focus on preserving capital and exploring new project and corporate opportunities amid a depressed vanadium market. Despite the challenges, QEM will continue its environmental monitoring and renewable energy initiatives, ensuring compliance with the Environmental Impact Statement requirements.
More about QEM Limited
QEM Limited operates in the energy and mining industry, focusing on the extraction of vanadium and oil shale. The company is primarily involved in the Julia Creek Vanadium and Energy Project, which is situated in Queensland, Australia. QEM is committed to advancing renewable energy initiatives and environmental monitoring as part of its operational focus.
Average Trading Volume: 237,923
Technical Sentiment Signal: Sell
Current Market Cap: A$8.75M
For detailed information about QEM stock, go to TipRanks’ Stock Analysis page.