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- Queensland Pacific Metals (QPM) gets the green light from the Federal Government to construct and operate its planned TECH battery metals project in Queensland
- The company received written approval from the Department of Climate Change, Energy, the Environment and Water to construct the project in accordance with the Environment Protection and Biodiversity Conservation Act
- Queensland Pacific says the conditions under the act are “not onerous” and will not significantly impact its construction or operating activities
- However, the company is still waiting on the tick of approval from the Townsville City Council and the Queensland state government for the project
- Queensland Pacific Metals last traded at 17 cents on November 3
Queensland Pacific Metals (QPM) has been given the green light from the Federal Government to construct and operate its planned TECH project in Queensland.
The proposed Townsville Energy Chemicals Hub (TECH) project is poised to become a leading supplier of high-grade, ethically-derived advanced battery materials in Australia.
Queensland Pacific today said it had received written approval from the Department of Climate Change, Energy, the Environment and Water to construct the project in accordance with the Environment Protection and Biodiversity Conservation Act.
The company said the conditions under the act were “not onerous” and would not significantly impact its construction or operating activities, and they remained in line with typical conditions expected for a project of this nature.
QPM said the approval under the act represented a major milestone for the company as it progresses towards a final investment decision for the TECH project.
The company is still waiting on the tick of approval from the Townsville City Council and the Queensland state government for the project.
Queensland Pacific Metals last traded at 17 cents on November 3.
