Ultra HPQ - High Purity Quartz Limited

Categories Securities, Mining / Oil / Gas Tenements
Sale Type Asking Price
Price Guide AUD $250,000 ($90,000 already committed)
Status: Open

Summary:

Business Overview


Ultra-high purity quartz sand is the world’s most critical mineral and is essential in the manufacture of high-growth Green tech and Hi-Tech applications, specifically;.
  • fibre optics/lenses and medical/lab quartzware and lighting industries.
  • Solar PV cell wafers essential to the manufacture of all Solar PV cells to power the growth in renewable energy.
  • Semiconductor wafers (used in the manufacture of chips essential for all Smartphones, all EVs, all Cloud Computing Digital Products and all related applications and platforms.
 
The end products manufactured using ultra high purity quartz are critical to enabling a cleaner and smarter future.

Globally, there is only one other resource producing the highest purity sand and supplying these growing and critical applications. The sole resource is located at Spruce Pine, NC, in the USA. All manufacturing of solar PV cells/modules and semiconductors in China, Japan, Korea, and Taiwan are particularly exposed to highly concentrated upstream critical mineral supply risks.

Ultra HPQ expects to ensure that security of supply in these key manufacture markets is diversified from exposure to sole USA supply.

Capital Raise

Ultra HPQ is now seeking a bridge raise of A$250,000 ($90,000 already committed) to undertake important additional testing to demonstrate the higher purity characteristics of it products across its resource thereby improving the Company’s investment case ahead of the proposed A$5M raise in Q2 2021.

This bridging round is priced at a 20% discount to the larger capital raise proposed for Q2 2021.

The bridge funding will cover the costs of Laser Ablation testing which will show the best achievable chemistry of samples taken across the quartz resource. The tests will therefore allow an assessment of whether the quartz ore can achieve Semiconductor and/or Solar PV and/or other end use applications, once it is subsequently processed.

The additional interim test work and deliverable are targeted to complete by end of Q1 2021.

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