Pilbara Minerals Limited and Calix Limited execute MOU for Joint Venture Demonstration Project to develop “midstream” lithium chemicals refinery
· Calix and Pilbara Minerals have executed an MOU covering the co-development of “midstream” lithium chemicals refinery utilising Calix’s core technology
· The MOU commits the parties to a scoping study on the project, at Pilbara Minerals’ cost, covering lithium salt production of up to several thousand tonnes from Pilbara Minerals’ spodumene concentrate facility at Pilgangoora
· Following success in the scoping study, Pilbara Minerals and Calix propose to jointly develop a demonstration plant at Pilgangoora, with a view to further commercialising the technology developed
· The project represents a world-first development of a commercial-demonstration-scale, low-emissions lithium salt production facility
Disc: Hold PLS in RL portfolio
My thoughts: Not sure what to make out of it, or whether there is anything to make out of it. Still early days. Obviously Calix's unique calcination technology is very interesting, but not sure if there is any imperative to get carried away on PLS following this announcement, until the study outcomes are known.
Appreciate thoughts from others who are more knowledgable on Calix's tech.
BUB - Quarterly Activities $3.7m Operational cash burn
In amongst the qtrly activities, BUB has reported good traction in its growth plans, including China Sales but still with the impacts of travel restrictions etc their cash burn was a tad over $3.7m
Cash on hand is $36m from recent cap raising.
The company seems in an interesting place with such a sell down on the share price and yet the underlying sales and growth of the brand still playing out.
Shares are still 4.85% shorted too