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ChemX Materials (ASX:CMX) (ChemX or the Company), an Australian based high purity critical materials developer, is pleased to announce recent results from its High Purity Alumina (HPA) Micro Plant operations, located in Perth, Western Australia.
- ChemX’s High Purity Alumina (HPA) Micro Plant delivers highest quality result of 39ppm impurities (4N, 99.99% HPA) across 66 elements
- Subsequent batches cementing above 4N (99.99%) purity capability
- High 4N capability enabling synthetic sapphire opportunities
- ChemX refocusing Micro Plant team on Construction and Commissioning of HPA Pilot Plant which is on track for first commissioning in Q1 CY2024
ChemX’s 100%-owned HiPurA® chemical feedstock process has delivered its highest quality result of 39ppm impurities (99.996% purity) across an impressive 66 element spectrum.
Additional results include 66ppm, 61ppm and 99ppm. Full assay results (Appendix A) and Table 1 in compliance with JORC Code 2012 are appended.
These results reflect the continuous improvement to selectively remove key impurities and provide ever improving product quality. Recent investment in high precision analytical equipment will further aid ChemX to develop new methods to improve product purity and minimise reliance on external laboratories. This will dramatically reduce assay turnaround times and will support the commissioning of the full-scale pilot plant in 2024.
The Micro Plant has achieved its purpose. ChemX will now refocus the team on construction and commissioning of the HPA Pilot Plant. The intended purpose for the larger scale Pilot Plant will be to match or improve the HPA purity results achieved by the Micro Plant.
Chief Executive Officer, Peter Lee commented:
“ChemX has now achieved a HPA level of purity that is beyond 4N (99.99%) and have notably recorded a single result that has outperformed our previous best (reduction of impurities) by over 50%, across 66 elements.
These significant results demonstrate the unique capability of the HiPurA® process and the rigour that ChemX has undertaken to scale up from Laboratory to Micro Plant scale. Following construction, commissioning and optimisation of the HPA Pilot Plant, the stage will be firmly set for HPA customer qualification.”
Analytical methods Notes:
1) Analysis conducted by LabWest Minerals Analysis Pty Ltd. (NATA accredited Laboratory)
2) Analysis Method – Microwave Digest, HF/Multiacid, 66 Elements including REE’s by ICP-MS/OES.
3) Complete analysis provided in Appendix A
Figure 1 – Optimisation of a small module of the HiPurA® Micro Plant
About the HiPurA® 100% owned process
CMX’s HiPurA® process is a disruptive flowsheet which converts aluminous chemical feedstocks through selective refining to HPA. Ultimately, CMX aims to achieve the delivery of 4N high grade and potentially 5N (99.999%) HPA products for the electric vehicle battery separator and synthetic sapphire markets, LEDs, semi-conductor and optical lenses.
The HiPurA® process is modular, scalable and independent of direct mine production, which enables ChemX to locate key future production facilities around the world close to customers in a just-in-time customised approach.
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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.
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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.
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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.