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QEM Limited ( (AU:QEM) ) just unveiled an update.
QEM Limited announced significant progress in its Julia Creek Vanadium and Energy Project, with key approvals from the Queensland government and the Department of Climate Change, Energy, the Environment and Water, which will aid in permitting and approvals processes. The company also successfully raised $2.76 million despite a constrained market, showcasing strong support from investors. QEM aims to become a long-term supplier of vanadium electrolyte for vanadium flow batteries, contributing to the energy transition. The project’s strategic location and substantial vanadium and oil shale deposits highlight its potential economic and social benefits.
More about QEM Limited
QEM Limited is an Australian company focusing on the development of the Julia Creek Vanadium and Energy Project (JCVEP) in Northwest Queensland. The company works within the mining industry, emphasizing the extraction of vanadium and oil shale resources. The project is situated in a significant mining region and is strategically positioned near major infrastructure facilities, including the Copperstring 2032 powerline project.
YTD Price Performance: 36.00%
Average Trading Volume: 262,668
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13.17M
See more insights into QEM stock on TipRanks’ Stock Analysis page.
