Queensland Pacific Metals Ltd. (AU:QPM) has released an update.
Queensland Pacific Metals Ltd. is pivoting to gas and energy, focusing on expanding the Moranbah Gas Project to address Eastern Australia’s urgent gas supply needs and the National Electricity Market’s demand for new generation capacity. The company will reduce spending on its TECH Project due to unfavorable nickel and battery metal market conditions, instead prioritizing shareholder value through environmentally sustainable energy development. New CEO David Wrench will spearhead this strategic shift, leveraging his extensive experience in the gas sector.
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