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ZEO 3.90% 7.4¢

ZEOTECH LIMITED - Corporate Spotlight

Zeotech holds proprietary technology for the low-cost production of advanced materials... Zeotech holds proprietary technology for the low-cost production of advanced materials ‘synthetic zeolites’ focusing on innovative environmental management solutions for a sustainable future - cleantech for lithium refinery tailings and economically viable carbon capture and conversion solutions.More

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Corporate Spotlight

Zeotech holds proprietary technology for the low-cost production of advanced materials ‘synthetic zeolites’ focusing on innovative environmental management solutions for a sustainable future - cleantech for lithium refinery tailings and economically viable carbon capture and conversion solutions.
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ZEOTECH INVESTOR PRESENTATION

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ZEO SECURES $3.7M TO EXPAND PROGRAM

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Zeotech (ASX:ZEO) secures $3.7M to expand zeolite pilot program

ASX:ZEO
Oilex (ASX:OEX) completes asset sale to Armour Energy (ASX:AJQ)

  • Minerals processing company Zeotech (ZEO) has secured $3.7 million through a placement for its pilot plant program
  • The company issued over 52 million shares at 7 cents each, an 11.4 per cent discount to the last traded price
  • Funds will be used to upgrade the current single-feed kaolin pilot plant program to a dual-feed pilot, advance the existing carbon capture research program and further expand research opportunities

Zeotech (ZEO) has secured $3.7 million through a placement for its pilot plant program.


The minerals processing company issued over 52 million shares at 7 cents each, an 11.4 per cent discount to the last traded price.


Funds will be used to upgrade the current single-feed kaolin pilot plant program to a dual-feed pilot, advance the existing carbon-capture research program and further expand research opportunities.


"The company is delighted by the overwhelming support for the capital raising, highlighting investor and shareholder confidence in Zeotech’s future growth and enabling accelerated execution of its strategy," Managing Director Peter Zardo said.


"Investment in the upgrade to a dual-feed pilot plant program, to include lithium process residue and further expansion of carbon capture studies, is an indication of early commercial interest in the company’s cleantech solutions and the future potential they present in creating shareholder value," he added.


The pilot plant will allow Zeotech to produce customer-scale samples of suitable quantities of synthetic zeolite product for potential end-users.


Earlier this year, Zeotech transferred a key intellectual property assignment from its development partner, the University of Queensland.


The intellectual property relates to a patent-pending mineral processing technology for the synthetic manufacture of zeolites, developed in partnership with the university.


Read the Full Article on The Market Herald here

ZEOTECH GEARS UP TO RAISE CAPITAL

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Zeotech (ASX:ZEO) gears up to raise capital

ASX:ZEO
Site Group (ASX:SIT) enters $15M funding arrangement with Lucerne Investment

  • Zeotech (ZEO) has placed its shares in a trading halt ahead of an approaching capital raise
  • The trading halt is expected to be lifted on or before Monday, May 24, when a formal announcement regarding the raise is made to market
  • There's been no clear indication from Zeotech as to how much it might look to raise or for what purpose at this stage
  • The mineral processing company reported cash and equivalents of roughly $2.6 million in its most recent quarterly cashflow report, enough to see it through the next three quarters based on spending levels at the time
  • In terms of recent news, ZEO had commenced a carbon capture research programme with the University of Queensland

Zeotech (ZEO) has placed its shares in a trading halt ahead of an approaching capital raise.


The industrial mineral processing company advised its shares were likely to remain in a trading halt until Monday, May 24, or until a formal announcement regarding the raise.


At this stage, there's been no clear indication how much the company is looking to raise or how it plans to spend the proceeds.


The ASX-lister is reported to have around $2.6 million in cash and equivalents as per its most recently quarterly cashflow statement, enough to see it through the next three quarters based on spending levels at the time.


In terms of recent news flow for Zeotech, the company announced in February it had executed a dedicated research agreement with The University of Queensland to evaluate the performance of synthetic zeolites in the field of carbon capture.


The carbon capture research programme commenced in March 2021 and is set to be carried out over a nine-month period.


Read the Full Article on The Market Herald here

ABOUT US

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ABOUT ZEOTECH 


Zeotech Limited holds proprietary mineral processing technology developed by The University of Queensland, for the low-cost production of advanced materials ‘synthetic zeolites’ and aims to utilise their unique properties for a sustainable future. The strategy focuses on innovative environmental management solutions, which include cleantech for lithium refineries to commercially manage by-product residue and developing economically viable carbon capture and conversion solutions, underpinned by low-cost ‘adsorbents and catalysts’ manufactured using Zeotech’s patent-pending technology.


Cleantech for the growing lithium refinery sector


Our goal is to develop commercial environmental management solutions, which revolve around the amazing properties of synthetic zeolites.


Visit their website for more info: https://zeotech.com.au/


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