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An announcement from ABx Group Limited ( (AU:ABX) ) is now available.
ABx Group Limited and Core Refining have mutually agreed to terminate a licensing agreement related to Core Refining’s intellectual property, which was initially intended for the ALCORE project. The termination aligns with ABx’s strategic shift to utilize aluminium smelter bath waste for producing hydrogen fluoride and aluminium fluoride, offering cost and environmental advantages. This move simplifies ABx’s operations as it progresses towards the construction of a continuous pilot plant in Bell Bay, Tasmania, marking a significant step in scaling up to commercial production.
More about ABx Group Limited
ABx Group Limited is an Australian company focused on delivering materials for a cleaner future. It is involved in the creation of an ionic adsorption clay rare earth project in northern Tasmania and the establishment of a plant for producing hydrogen fluoride and aluminium fluoride from recycled industrial waste. The company also has a niche business in mining and enhancing bauxite resources for use in cement, aluminium, and fertiliser production.
YTD Price Performance: -2.44%
Average Trading Volume: 130,860
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.01M
See more insights into ABX stock on TipRanks’ Stock Analysis page.
