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GCM Corporation Limited (ASX:GCM)

ALERT: Price-sensitive ASX Announcement for GCM
Current share price for GCM : $0.008 0.001 (14.29%)+
Announcement
Release
12 Dec 2024 9:11AM
Price at Release
$0.007
Full Release
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Summary
Green Critical Minerals Limited (GCM) has made significant progress in the construction of its VHD Technology pilot plant in New South Wales. The construction has commenced with all critical equipment received, and key ingredients for producing VHD Technology graphite blocks have also been secured. The pilot plant aims to demonstrate the commercial viability of GCM's VHD Technology, targeting commissioning by Q3 FY25. This facility will support the development of high-performance computing heat sinks and solar-thermal energy storage systems, contributing to broader renewable energy and industrial decarbonisation efforts.
Key Points
  • Construction of GCM's VHD Technology pilot plant has commenced.
  • All critical equipment required for the pilot plant has been received.
  • Key ingredients for the production of VHD Technology graphite blocks have been secured.
  • The pilot plant is on track for commissioning in Q3 FY25.
  • Production of demonstration blocks is expected by March next year.
  • The pilot plant will focus on developing heat sinks and solar-thermal blocks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.