Queensland Pacific Metals Ltd. (AU:QPM) has released an update.
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Queensland Pacific Metals Ltd. has announced a significant boost in funding with an $8 million grant from the Queensland State Government, aimed at enhancing the investment readiness of its Townsville Energy Chemicals Hub (TECH Project). This grant complements another $8 million from the Australian Federal Government, facilitating QPM’s advancement towards a final investment decision without financial dilution. Additionally, the company is exploring a demerger to potentially unlock shareholder value by creating separate, focused entities for its energy and critical minerals projects.
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