The Conversation (0)
ChemX Materials Ltd (ASX:CMX) (ChemX or the Company), a materials technology company focused on the electrification and decarbonisation markets, is pleased to confirm that it will build a High Purity Alumina (HPA) Pilot Plant after a Pre-feasibility Study (PFS) confirmed the viability of the company’s proprietary HiPurA® technology.
Highlights
Pre-feasibility Study
- HiPurA® High Purity Alumina (HPA) Pre-Feasibility Study (PFS) confirms Flow Sheet Design with no fatal flaws identified
- PFS highlights the low Capex intensity of the technology
˗ Construction cost A$2.5 million for 50tpa HPA Pilot Plant
- Significantly lower Capital Costs than incumbent HPA technologies
- HiPurA® Vendor Stage 2 Performance Payment to Proceed HiPurA® HPA Micro-plant
- HPA Micro-plant successfully commissioned
- Initial HPA material from micro-plant production to be analysed for purity
- Initial Mass and Energy Balances completed
The PFS, conducted by engineering firm Primero Group, indicates the 50 tonne per annum (tpa) pilot plant requires capital expenditure of A$2.5 million with a contingency of A$0.41 million. Using data obtained from the Company’s successful HPA micro-plant commissioning phase and subsequent operation, the PFS incorporated several work streams and equipment modifications which have led to the design of an appropriately sized pilot plant.
The aims of the HiPurA® HPA pilot plant are to:
- Optimise operating conditions to reduce the scale-up risks associated with a commercial plant
- Produce the larger quantities of HPA needed for the final stages of qualification
- Continue with development of additional materials that the HiPurA® technology can produce
Table 1: Cost breakdown - HiPurA® HPA Pilot Plant CAPEX
High Purity Alumina (HPA) is a high value critical material used in lithium-ion batteries to manufacture ceramic separators, which provide increased thermal insulation for improved safety and charging. HPA is also an irreplaceable ingredient in the production of synthetic sapphire, which is used in LEDs, semiconductors, and optical lenses.
ChemX completed the commissioning of the individual stages of its HPA micro-plant prior to the conclusion of the 2nd Quarter 2022. The micro-plant shall continue to be utilised, alongside the development of the pilot plant.
The key objectives of the micro-plant are:
- Optimisation of process and controls under continuous operation
- Achieving a 99.99% (4N) Purity HPA on a consistent basis
- Production of HPA samples to be used for customer qualification testing
- Research and development of additional products for assessment including achieving a targeted 99.999% (5N) Purity and aluminium sulphate / aluminium nitrate for lithium battery cathodes.
Following successful production of HPA through the continuous operation of the HiPurA® micro-plant the Company has submitted samples to an accredited laboratory for assaying. Chemical analysis will provide ChemX with the ability to specifically calibrate the final purification step to produce 4N HPA, capable of being used as a coating on the separator between the cathode and anode of lithium-ion batteries.
Click here for the full ASX Release
This article includes content from ChemX Materials, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
CMX:AU
Streamplay Studio Enters into Agreement to Acquire North American Indie Gaming Leader, Noodlecake Studios
HIGHLIGHTS
- Streamplay expands global reach and direct-to-consumer gaming presence across North America with acquisition of Noodlecake.
- Established in 2011, Noodlecake boasts a proven track record with a variety of over 60 in-house and published games achieving over 270 million downloads.
- Noodlecake has over its history generated over ~A$42 million through primary monetisation channels, with additional revenue from other sources.
- Noodlecake averaged annual revenue of ~A$7.3 million and EBITDA of ~A$1.8 million over the 3 years ending 31 December 2023.
- Noodlecake’s lean, high-impact operating model, maximises publishing reach with a focused team and global collaborations.
- Established partnerships with leading Tier 1 brands such as Apple, Google, Xbox, PlayStation, Nintendo, Steam and more.
- Provides Streamplay with immediate product and geographic revenue diversification via Noodlecake’s flexible publishing and monetisation strategies (premium sales, in-app purchases, advertising, and subscription-based models).
- Strengthens global expansion opportunities, including continued collaborations with Zplay in the Chinese gaming market.
About Noodlecake
Founded in Canada in 2011, Noodlecake is an established, reputable and profitable indie game studio and publisher. With a diverse portfolio of over 60 games listed across more than 10 storefronts and available in over 45 countries, Noodlecake has engaged players worldwide with award-winning content, achieving over 270 million downloads to date.
Since incorporation, the studio has generated significant revenue through its multifaceted monetisation strategy, including over A$15 million in in-app purchases, over A$9 million in direct game sales, and over A$18 million in advertising revenue, alongside other significant sources.
These revenues are strategically driven by the studio’s presence on major digital storefronts such as the Apple App Store, Google Play, Steam, and Nintendo Switch. Noodlecake’s adaptability to emerging opportunities is evident in its recent expansions into Xbox and PlayStation, with future releases targeting premium storefronts and subscription platforms.
Noodlecake boasts an impressive track record of publishing award-winning titles that have captivated both players and critics alike. Among its successes, “Yes, Your Grace” recently won Best Indie Game on Google Play for 2024,1 showcasing their ability to support compelling and engaging indie experiences. “Golf Blitz”, an innovative multiplayer spin on the classic golf genre which was developed inhouse, earned critical acclaim and was featured as an Editor’s Choice by Apple in 2019.2 Additionally, “Alto’s Odyssey”, another title published by Noodlecake, received an Apple Design Award in 20183 for its exceptional artistry and gameplay.
Their games employ a range of revenue models tailored to each platform. Premium titles generate revenue through direct purchases, while free-to-play games monetise via in-app purchases and targeted ads.
Additionally, Noodlecake has a history of securing exclusive, curated partnerships with Apple Arcade, Google Play Pass, and Xbox Game Pass which provide consistent revenue through subscription-based engagement.
The studio’s upcoming game, “Winter Burrow”,4 set for release on Xbox Game Pass, Xbox storefront, Switch and Steam, early in 2025, is just one example of how Noodlecake leverages these partnerships to generate stable, upfront revenues.
Click here for the full ASX Release
This article includes content from Streamplay Studio, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Next-generation Hadrian X® Completes US Site Acceptance Testing
Highlights
- FBR receives confirmation from CRH Ventures that first next-generation Hadrian X® successfully completes Site Acceptance Testing at Fort Myers facility in Florida
- Confirmation received from an independent structural engineer that the structure is consistent with design requirements and meets applicable building standards
- FBR to receive next tranche of non-refundable payment from CRH Ventures of US$600,000 under Demonstration Program agreement
- Construction of the first house in the Demonstration Program to commence shortly
An independent structural engineer provided confirmation that the walls of the test build were consistent with the design and met applicable building standards.
Completion of Site Acceptance Testing triggered a US$600,000 payment by CRH Ventures to FBR and the commencement of the Demonstration Program. The Demonstration Program requires FBR to construct the external walls of five to ten single-storey houses utilising the next-generation Hadrian X®. The Demonstration Program will commence shortly.
The Demonstration Program will be deemed complete when FBR completes construction of its five houses plus up to five houses added to the program by CRH Ventures, with all houses to be certified by an independent structural engineer. Upon completion of the Demonstration Program, FBR will receive a payment of US$400,000 from CRH Ventures under the Demonstration Program agreement. The completion of the Demonstration Program also marks the commencement of a 45-day period for CRH Ventures to exercise the option to form a joint venture for the delivery of Wall as a Service® in the United States.
This announcement has been authorised for release to the ASX by the FBR Board of Directors.
Click here for the full ASX Release
This article includes content from FBR Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.