ChemX Materials Ltd is a Australia-based advanced materials technology company. It is set to list on the Australian Securities Exchange (ASX).
ChemX Materials Ltd has 1 Patent – Process for producing high purity aluminium materials and 2 projects – Eyre Peninsula Kimba Kaolin / Halloysite Project and Eyre Peninsula Jamieson Tank Manganese Project.
*Process for producing high purity aluminium materials – a process for producing >99.99% AL 2 O3 or 4N product grade alumina and/or high purity aluminium salts from aluminium-bearing materials, including wastes from other processes.
*Eyre Peninsula Kimba Kaolin / Halloysite Project – The Project is focused on exploration for kaolin and halloysite. It consists of 2 granted exploration leases, EL6634 and EL5920 located in the Eyre Peninsula of South Australia (Tenements) that are 100% owned by the Company.
*Eyre Peninsula Jamieson Tank Manganese Project – Manganese mineralisation has been identified within the southern area of the Tenements at the Jamieson Tank Manganese Project. Mineralisation extends over a strike length of at least 6km and remains open along strike. There has been over 11,000m of drilling on the deposit with high grade zones evident and bulk grades of 8-12% Mn.
ChemX Materials Ltd raised $8,000,000 at $0.20 per share in its initial public offering (IPO). The Offer opens on 26 Nov 2021 and closes on 10 Dec 2021. The date for quotation on ASX is 18 Jan 2022.
Note: The dates shown on this page are indicative only and may change without notice.
ASX code | CMX |
Name | ChemX Materials Ltd |
Website | https://chemxmaterials.com.au/ |
Share Registry | Computershare Investor Services Pty Limited |
Underwriter | Not underwritten. Ventnor Securities Pty Ltd (Lead Manager). |
Opening Date for the Offer: | 26 November 2021 |
Closing Date for the Offer: | 10 December 2021 |
Date for New Shares to commence trading on ASX | 18 January 2022 2:30PM AEDT |
Funds to be raised under the Public Offer (before costs) | $8,000,000 |
Offer price per Share | $0.20 |
Shares on issue at the Prospectus Date | 19,506,875 |
Shares to be issued under the Public Offer | 40,000,000 |
Total Shares | 90,771,744 |
Escrow | 40,110,618 Shares and 4,000,000 Options (a period of 24 months from quotation) |
4,320,375 Shares (a period of 12 months from the date of issue) |