Skip to main content

Posts

Showing posts with the label carbonxt

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: Potenti...
Post a Comment
Read more

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 ...
Post a Comment
Read more

Carbonxt Group Limited And MD Mr Warren Murphy: Key Facts Regarding HY23 Results

  CARBONXT GROUP LIMITED   (ASX: CG1) (Carbonxt, or the Company) has set its sights on building a new activated carbon facility in   KENTUCKY, UNITED STATES . The Company has forged a strategic joint venture with Kentucky Coal Processing LLC to bring this plant to fruition. In the second quarter of FY 2023, the two companies will finish the engineering feasibility work for the new plant. The final legal documentation is set to conclude soon. This plant is estimated to enhance Carbonxt’s production capacity from   ~16,000 TONNES TO OVER 25,000 (+57%) . It would benefit the Company by decreasing pellet production costs and increasing margin growth. This project presents Carbonxt with an opportunity to leverage investments in pollution reduction technologies in the US market. Updates on revenue In 1H23, Cabonxt’s revenue stood at  AUD 8.9 MILLION , which  DECLINED 10%  compared to  AUD 9.9 MILLION  in 1H22. Revenue dropped due to maintenance for...
Post a Comment
Read more

Carbonxt Group Releases Its December 2022 Quarterly Report

R&D and Industry Activities Carbonxt’s research and development team completed a program focusing on ‘the effects of heat treatment on Activated Carbon’ with the help of a renowned R&D service company. The research output is favourable and supports the development of Carbonxt’s new ACP plant in Kentucky. CARBONXT GROUP  also attended the North American Biochar and Bioenergy Conference about biomass utilisation for bioenergy production, pertaining to the Company’s focus on ESG objectives and the use of renewable sources of raw material for producing Powdered Activated Carbon (PAC) at its Black Birch plant. The  COMPANY  expects moderation of prices for Activated Carbon products manufactured overseas, given the decrease in ocean shipping rates to import products into the US. However, industrial customers continue to show a strong preference for domestically produced PAC and Activated Carbon Pellet (ACP) products. Customer receipts Customer receipts decreased by 24% ...
Post a Comment
Read more

Interviewing the Expert: Warren Murphy, Managing Director of Carbonxt Group Limited

  CARBONXT GROUP LIMITED (ASX: CG1)  (Carbonxt Group or the “Company”) is an Australia-based company focused on providing activated carbon solutions to the utility industries. Carbonxt Group’s principal activities include research, development and sales of activated carbon products such as powdered activated carbon and activated carbon pellets. In October 2022,  CARBONXT GROUP  won an eight-year contract with their biggest customer, Wisconsin Public Services. Read this exclusive interview with the  MANAGING DIRECTOR OF CARBONXT GROUP, WARREN MURPHY , to understand more.   Q: Mr Murphy, thank you for joining us. Before we delve into your work at Carbonxt Group, please give us a brief insight into your experience and background. A: Of course. I have been the Managing Director of Carbonxt Group since 2013. Before that, I was the Co-head of the Australian Infrastructure and Project Finance Group and the Head of Energy at Babcock & Brown. In these roles, I’v...
Post a Comment
Read more