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Greentech Minerals Limited is in the business of development, mining, physical processing and marketing of high purity quartz (SiO2) feedstock (HPQF) from its deposits near Mount Isa, northwest Queensland.
HPQF is typically greater than 99.9% SiO2 and is purchased by specialist refiners to create a range of high purity quartz (HPQ) products with purities of greater than 99.99% and as high as 99.999%. Refined HPQ is a scarce, high-tech material critical in the manufacture of solar photovoltaic cells, microchips and specialist glass products used in the solar, semiconductor and fibre optic industries.
The HPQ market is heavily concentrated, with around 70% of the world’s HPQ feedstock sourced by two companies (Sibelco and QuartzCo) from a single deposit in the USA and refined into a range of high-purity products by those companies. China is the next largest producer of refined HPQ products. It is mainly a purifier of HPQ as it has limited deposits of HPQF, and it sources feedstock mainly from small producers throughout China and South Asia. Other smaller producers of refined HPQ and end-user products are in Russia, Canada and Europe. The Company is not aware of any current HPQ production in Australia.
The Company plans to be an alternative supplier of HPQF into a growing and increasingly supply-constrained export market (Exawatt and ANZAPLAN, 2021), mainly in Asia, with a longer-term ambition to enter the downstream refined HPQ market via its own purification plant in Australia.
It is anticipated that GTM will list on the ASX during January 2023.
greentechminerals.com.au
HPQF is typically greater than 99.9% SiO2 and is purchased by specialist refiners to create a range of high purity quartz (HPQ) products with purities of greater than 99.99% and as high as 99.999%. Refined HPQ is a scarce, high-tech material critical in the manufacture of solar photovoltaic cells, microchips and specialist glass products used in the solar, semiconductor and fibre optic industries.
The HPQ market is heavily concentrated, with around 70% of the world’s HPQ feedstock sourced by two companies (Sibelco and QuartzCo) from a single deposit in the USA and refined into a range of high-purity products by those companies. China is the next largest producer of refined HPQ products. It is mainly a purifier of HPQ as it has limited deposits of HPQF, and it sources feedstock mainly from small producers throughout China and South Asia. Other smaller producers of refined HPQ and end-user products are in Russia, Canada and Europe. The Company is not aware of any current HPQ production in Australia.
The Company plans to be an alternative supplier of HPQF into a growing and increasingly supply-constrained export market (Exawatt and ANZAPLAN, 2021), mainly in Asia, with a longer-term ambition to enter the downstream refined HPQ market via its own purification plant in Australia.
It is anticipated that GTM will list on the ASX during January 2023.
Greentech Minerals Limited - Australia
Greentech offers exposure to the rapidly growing green tech supply chains of metals used in the solar panel, semiconductor, optic-fibre & microelectronic industries.
greentechminerals.com.au
