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Tempest Minerals Limited ( (AU:TEM) ) just unveiled an announcement.
Tempest Minerals Limited has entered into a Memorandum of Understanding with Green Steel and Iron Pty Ltd to collaborate on developing the Remorse magnetite deposit for green steelmaking processes. This partnership aims to position Tempest at the forefront of the low-carbon steel industry by leveraging GreenSteel’s expertise and Tempest’s resources, potentially fast-tracking the processing of magnetite from the Remorse deposit. The agreement could significantly enhance Tempest’s market positioning by securing local off-takers, planning for new infrastructure, and exploring synergies for long-term business strategies.
More about Tempest Minerals Limited
Tempest Minerals Limited is an Australian company engaged in the exploration and development of mineral resources, focusing primarily on high-grade magnetite iron ore. Their operations include the Yalgoo Project in Western Australia, targeting the burgeoning green steel industry.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.73M
For detailed information about TEM stock, go to TipRanks’ Stock Analysis page.