Carnegie Clean Energy Limited (ASX: CCE)
has been selected as a key technology partner for a COIN project. The project is of 4million euros and is fully funded by the European Commission under the Horizon Europe Programme. The project aims to reduce the levelized cost of energy by 30 percent and will give the company an opportunity to collaborate with nine leading organisations across Europe. The company’s wave energy product, CETO, will be the reference technology for the project. This milestone aligns with the company’s commercial scale deployment of 6MW of CETO.
S2 Resources Limited (ASX: S2R)
has commenced drill testing at its Yalgamine soil under its West Murchison project. The target includes a 500-meter soil consisting of copper, platinum, palladium, and gold anomalies. The results will be out by the end of September or in early October. S2 Resources is proceeding with permissions for its first drilling at the Warraweena project in New South Wales, it is expected to start around the same time. The company has raised $3.5 million, which was an oversubscribed private placement and SPP, showcasing investors' trust towards it.
EcoGraf Limited (ASX: EGR)
has obtained its first patent for its HFfree purification downstream product, strengthening its intellectual property portfolio. It will protect for 20 years till 2041. EcoGraf has made improvements in its purification process, reducing the cost by 25 percent, and this facility is expected to generate an NPV of around $433 million in its first phase of development. Alongside, the progress is continued at upstream, midstream, downstream, and recycling segments.
made a notable advancement this year by completing its pilot program of its co-branded BC Max Centres with CBI. The national rollout commenced at over 76 locations. The company will have a total minimum guaranteed revenue of around $3.13 million and a forecast of EBITDA around $1.45 million over the period of 3 years. The IRR of the project is expected at more than 32 percent over 6 years. This also supports Findi’s strategy of scaling FindiPay, enhancing transaction volumes and creating a high-margin revenue model. It has issued Loan notes of around $9.5 million from professional and sophisticated investors to support further operations.
(Source: Company Announcements)
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