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Suvo Strategic Minerals JV to Develop Low-Carbon Concrete for Wind Projects

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Suvo Strategic Minerals JV to Develop Low-Carbon Concrete for Wind Projects

Suvo Strategic Minerals ( (AU:SUV) ) has provided an update.

Suvo Strategic Minerals Limited has announced a joint venture with PERMAcast R&D Pty Ltd to develop low-carbon concrete products. The JV has signed a Memorandum of Understanding with Wind With Purpose Pty Ltd, a company planning large-scale wind energy projects in Western Australia. This collaboration involves a pilot project to assess the feasibility of using low-carbon concrete in constructing wind turbines. If successful, the JV will have the first right to supply concrete for WWP’s projects, potentially impacting Suvo’s market positioning and contributing to more sustainable construction practices.

More about Suvo Strategic Minerals

Suvo Strategic Minerals Limited is involved in the development of low-carbon cement and concrete products, aiming to reduce or eliminate the use of traditional Portland cement, which significantly contributes to global CO2 emissions.

YTD Price Performance: -7.50%

Average Trading Volume: 601,321

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$37.35M

Learn more about SUV stock on TipRanks’ Stock Analysis page.

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