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High Purity Quartz Sand Producer - Seed Round

Categories: Securities, Unissued Securities
Sale Type: Asking Price
Price Guide: AUD $531,852 Capital Raise @ A$5M (Pre-Money EV)
Status: Closed

Summary:

A high purity quartz sand Company that intends to become only the third globally relevant producer/supplier of high purity silica sand, a critical raw material necessary for the manufacturing process of solar PV and semiconductors. The investment provides a unique exposure to the renewable energy and semiconductor supply chains in markets where demand is growing strongly and access to high quality raw materials is key. Market situation comparable to battery storage/lithium markets. This Seed funding round provides funding for a drilling & sampling/testing program to appraise the quartz resource and confirm initial assay at c99.99% purity at depth. 

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