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- Parkway Minerals (PWN) has recorded increased interest in the use of its aMES technology
- Recent test work for a major mining company showed that aMES could potentially reduce the volume of a highly problematic waste system by more than 80 per cent
- Parkway has also announced Richard Beresford will be joining the team as the strategic advisor
- The company will also offer eligible shareholders a share purchase plan at $0.006 per share, to raise an additional $660,000
- Parkway Minerals is down 10 per cent on the market and is selling shares for 0.9¢ apiece
Parkway Minerals (PWN) was up as much as 30 per cent on the market this morning, after providing an update on its recent acquisition of Consolidated Potash Corporation (CPC).
The company says it has seen an increased interest in the use of its aMES technology Since the acquisition of CPC.
aMES technology is used to process highly concentrated brine solutions which occur naturally (salt lakes containing potassium and/or lithium) or produced by industrial processes.
The processing of these complex brines with the aMES technology enables the recovery of freshwater and can also lead to the production of valuable mineral salts.
In order to speed up the commercialisation of the technology, Parkway continues to make important progress, including the engagement of a highly-experienced strategic adviser and further technical and commercial progress for aMES.
“Several of these opportunities have advanced to the stage where specific technical and commercially focused discussions are taking place,” the company told the market.
“Whilst these discussions include earlier stage opportunities (generally with established mineral resources), the company is focused on more advanced opportunities, including with major global mining companies,” it added.
Recent testwork for a major mining company showed that aMES could potentially reduce the volume of a highly problematic waste system by more than 80 per cent.
This reduction would not only reduce inconvenient disposal costs and produce freshwater but would also produce large quantities of saleable product.
Managing Director Bahay Ozcakmak fully backs the aMES technology.
“Our confidence in the aMES technology continues to grow, not just in terms of its performance, but with the sheer scale of the global opportunities before us,” Bahay said.
Parkway has also announced Richard Beresford will be joining the team as the strategic advisor. Richard has over 30 years of international experience in strategic planning, business development, M&A, operations, general management, and governance experience.
“Having been involved in technology commercialisation for 20 years, I am impressed with the interest and enthusiasm with which major global companies are engaging with us, which highlights the demand for our technology portfolio,” he added.
The company will also offer eligible shareholders a share purchase plan at $0.006 per share to raise an additional $660,000.
However, Parkway Minerals is down 10 per cent on the market and is selling shares for 0.9¢ apiece at 11:30 am AEDT.
