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ChemX Materials Ltd (ASX: CMX) (ChemX or Company), an Australian based high purity critical materials business, is pleased to announce significant progress in both HPA and HPM business streams.
- High Purity Alumina (HPA)
- Pilot Plant flowsheet optimised following further operational testwork success of HPA Micro Plant.
- Pilot Plant to allow for intermediate HPA products for qualification with battery separator manufacturers.
- CMX’s 100%-owned HiPurA® HPA International Patent progressing on track
- Pilot Plant equipment first deliveries to ChemX expected this month.
- High Purity Manganese (HPM)
- Maiden Mineral Resource Estimate for Jamieson Tank Manganese Project on the Eyre Peninsula, South Australia to be finalised in consultation with CSA Global this month.
ChemX Materials has been advancing the development of its 100%-owned HiPurA® HPA Pilot Plant, to be located at its dedicated facility in O’Connor Perth, Western Australia to deliver the required volumes of HPA for product qualification with Battery Separator manufacturers and consumers of high purity aluminous products and synthetic sapphire producers. As a result of marketing activities and industry discussions, ChemX has identified markets for intermediate high purity aluminous products, which offer potential volume increases in addition to the markets for 4N and 5N HPA.
Chief Executive Officer Peter Lee commented:
“The Micro Plant has proven extremely effective in delivering the process data required to improve the design and optimise the operation of the Pilot Plant ahead of time. This has resulted in a significant reduction in capital costs and reagent requirements.
Importantly, the resized pilot plant will still meet expected customer demand in producing sufficient product to complete qualification with battery separator makers, synthetic sapphire growers and other burgeoning markets”.
Following recent strategic investment in high precision analytical equipment and dedicated human resources for high purity analysis, the HPA Micro Plant has experienced increased operational performance, with these enhancements being fed directly into the HPA Pilot Plant flowsheet design.
The step-change in performance of the HPA Micro Plant has been a key highlight and success of the scaled development approach, which has provided added confidence and reduced the risk associated with scaling up high purity metallurgical processes, which is common under continuous operation for novel technologies.
HPA Update
CMX’s 100%-owned HiPurA® process is a disruptive flowsheet which converts aluminous chemical feedstocks through selective refining to high purity alumina. Ultimately, CMX aims to achieve the delivery of 4N high grade and potentially 5N HPA products for the electric vehicle battery separator and synthetic sapphire markets, LEDs, semi-conductor and optical lenses.
Figure 1. HPA Micro Plant Production
In July 2022, the Company lodged an international patent application, with a recent preliminary international report indicating ChemX’s claims complied with requirements for novelty, inventive step and industrial applicability. The patent approval process is ongoing. The progression of the HiPurA® patent is a significant step for the Company in the protection of its intellectual property and competitive advantage against incumbent operators who rely on non- novel, licenced, energy and reagent intensive technologies to produce high purity alumina.
As the HiPurA® HPA process is modular, scalable and independent of direct mine production, this will enable ChemX to locate key production facilities close to customers. Ongoing customer engagement has led to the identification of new intermediate products. The inclusion of these requisite flowsheet process enhancements and alternative product pathways will now add several weeks to the construction timeframe and result in a robust pilot plant design, negating the requirement to build additional plant(s) to produce alternative intermediate products for customer qualification.
With the success of the Micro Plant under continuous operation, it will be modified to take feedstock from the Pilot Plant to produce premium products such as 5N (99.999%) HPA, used for synthetic sapphire production.
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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.