How to buy shares in Greentech Minerals Ltd
Greentech plans to produce high-purity quartz for solar panels and semiconductors.
Greentech Minerals Ltd has listed on the ASX following a $7m capital raise led by Novus Capital.
The company is focused on its May Downs quartz project just outside Mount Isa in northwest Queensland. The project is at a relatively advanced stage and mining is likely to start within the next year.
The business plan is to export High Purity Quartz Feedstock (HPQF) that can be used in the production of solar photovoltaic cells, microchips and specialist glass products for the fibre optic industries. The team sees the solar market as especially attractive.
They will be amongst a small group of HPQF producers and to ensure their samples meet the industry standards, Greentech is currently trying to improve purification methods in the lab. This work will feed into new studies to optimise and finalise designs for their operations.
Specialist consultancies Exawatt and ANZAPLAN have forecast 55% growth in volume and 90% growth in value for HPQF in the coming years to 2030. These numbers have encouraged Greentech’s investigation into ways to capture more of this value. They’re examining the potential for doing further processing of the mineral in Queensland.
The company holds around 650 square kilometres of land in the Mount Isa area. It’s considered to have potential for copper, cobalt, gold, vanadium and phosphate deposits. They are particularly interested in exploring for copper in the longer term.
Greentech Minerals is available to trade on Stake under the ticker GTM.
