Came across Parkway Minerals in a spread on Lions Bay, listed in Canada but it is really Melbourne through and through as it is led by John Byrne, the former financial journalist who has decades of experience in the mining investment space. That is reflected in Lions Bay also holding strategic stakes in the following ASX listed companies: Elementos (ELT), Parkway (PWN), Kalina Power (KPO) and South Hartz Potash (SHP).
Since backing into/ squeezing out Potash West, Parkway was described as an exploration company focused on the exploration for minerals and commercialisation of proprietary brine processing technologies, with applications in the energy and mining sectors.
- raised $850k in Sept 2017 for a planned 12 month exploration programme at Lake Barlee.
- raised $500k; funds will be used to participate in placement for Davenport Resources, building on exploration success at South Harz potash project.
- $2.78 Million Capital Raising in Dec 2019, buying into CPC (and knowledging the likely requirement to raise additional funds in order to pursue a number of key priorities, most notably relating to the commercialisation of the aMES™ technology)
Fortunately, the investment community has immediately recognised the scale of the opportunity before us, and through the recent SPP and placement, has enabled us to rapidly recapitalise the company and to focus on executing our 2020 Business Plan.
.... which looks like the third or fourth change of direction since 2017.
And now, 2021,
it's a water company. A technology company. A miner of funding from near and far
• Strong balance sheet with $7.5 million in cash reserves as at 30 June 2021.
• Reported cash balance excludes undrawn grant funds, anticipated R&D tax incentive rebate and the significant build-up in pre-paid inventory by PPS.
PARKWAY PROCESS SOLUTIONS (PPS)
• Establishment of Integrated Water Treatment Business:
o Successful development of industrial water treatment products and services business, with preliminary launch of PPS on 8 July 2021.
o Integration of Multi-Wet into the new PPS business, completed successfully.
o PPS awarded 2-stage contract to design wastewater treatment plant.
o Group sales of $260,000 achieved during the quarter.
PARKWAY PROCESS TECHNOLOGIES (PPT)
• Commercialisation Progress - Continued progress in leveraging proprietary process technology platform to support existing and emerging business development initiatives.
•
iBC® Technology
o Testwork on industrial waste brines, continues to demonstrate the substantial operational, financial and sustainability advantages of the iBC® technology.
o Successful production of ultra-high concentrations of sodium hydroxide.
•
aMES® Technology
o The aMES® pilot plant and KLPP-PFS are assisting discussions to commercialise the technology platform in a range of high-value applications.
o The recently upgraded state-of-the-art aMES® pilot plant, has undergone multistage operations, further demonstrating the advantages of the technology.