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Chase Mining Corporation Limited ( (AU:GCM) ) has issued an update.
Green Critical Minerals Ltd announced the acquisition of Advanced Graphite Technology, enabling the conversion of graphite powder into high-density graphite blocks for diverse industrial and electronic applications. This acquisition positions the company to expand into a lucrative market, with recent developments including the successful commissioning of a pilot plant and production of test blocks exceeding industry benchmarks. The acquisition terms involve deferred payments based on revenue milestones, highlighting the vendor’s confidence in the technology’s potential.
More about Chase Mining Corporation Limited
Green Critical Minerals Ltd operates in the advanced materials industry, focusing on the production of very high-density graphite blocks (VHD Graphite). The company targets various sectors, including defense, nuclear, electronics, aerospace, and semiconductors, aiming to tap into a market valued over US$680 billion annually.
YTD Price Performance: 50.0%
Average Trading Volume: 55,604,816
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$40.41M
Learn more about GCM stock on TipRanks’ Stock Analysis page.
