Queensland Pacific Metals Ltd. (AU:QPM) has released an update.
Queensland Pacific Metals Ltd. subsidiary QPM Energy has reached key commercial terms for new contracts with RATCH Australia Corporation and the North Queensland Gas Pipeline, which will significantly lower fixed charges by 83% and enhance the company’s financial outlook by over $30 million for FY2024. The agreements, marking a year of progress since acquiring the MGP, are expected to transform QPM Energy by aligning costs with electricity revenue, thereby reducing financial risk and fostering growth.
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