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Lindsay Dudfield, Executive Director and CEO of Jindalee Resources Limited, Executed MOU with POSCO Holdings For Joint Research At McDermitt Lithium Project

JINDALEE RESOURCES LIMITED  (ASX: JRL) (Jindalee, the Company) is an Australian exploration company with Tier 1 lithium deposits in its portfolio in the United States. The Company’s core goals are to discover world-class mineral deposits and generate shareholder wealth. The United States is one of the largest marketplaces for lithium demand, and Jindalee is a leading company committed to help meet future demand. The Company is focussing efforts into developing its McDermitt lithium deposit. Jindalee Resources was listed on the Australian Securities Exchange (ASX) on 11th July 2002 and raised AUD 2.70 million. Now, it is a pure-play United States lithium company. Jindalee’s Projects: In June 2018, the Company acquired McDermitt and Clayton North, two lithium sediment projects in the United States. Both projects are 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee. Several factors attracted the Company’s interest in these projects including: Potentially
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Carbonxt Group Limited makes a USD 500,000 Prepayment to Gain Development Momentum at Its Activated Carbon Plant in Kentucky

 CARBONXT GROUP LTD (ASX: CG1) (Carbonxt, or the Company) has announced a prepayment of USD 500,000  to accelerate the construction of its ultra-modern activated carbon production facility in Kentucky, USA. The funding will be available to the Company’s joint-venture (JV) partner, Kentucky Carbon Processing LLC (KCP). Funds will be utilised to facilitate the purchase of long-lead items. It will ensure the timely procurement for the first phase of the Kentucky Plant’s construction and operations commencement.

The prepayment provision demonstrates the commitment of all parties involved in the Project to expedite the Plant construction. The legal documentation for the joint-venture (JV) framework is progressing well, with final terms expected soon before the commencement of construction. The water treatment and air purification sector highly depends on Activated Carbon (AC). Carbonxt’s new production facility capacity to produce Activated Carbon (AC) pellets and powder will consolidate its position in the market.

The Importance of Joint Venture and Kentucky Plant

In late 2022, CARBONXT Group announced the joint venture with Kentucky Carbon Processing LLC, a US-based company. The joint venture (JV) plans to construct a new activated carbon plant in eastern Kentucky. The new plant will increase Carbonxt’s production capacity from ROUGHLY 16,000 TONNES TO MORE THAN 25,000. Additionally, the cost of producing pellets is anticipated to decrease significantly, supporting Carbonxt’s ability to increase margin growth. The USD 500,000 payment will be Carbonxt’s first financial contribution to the joint venture (JV), which is estimated to be complete soon.

About Carbonxt

CARBONXT is a leader in the cleantech industry that develops and markets activated carbon products. The Company aims to remove contaminants from industrial processes that produce large amounts of harmful pollutants. For use in industrial air purification, wastewater treatment, and other liquid and gas phase markets, Carbonxt produces and manufactures activated carbon pellets and powder.




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