Silex raises $40m for uranium, silicon enrichment technology

Technology developer Silex Systems has raised $33 million from investors and launched a share purchase plan to raise a further $7 million to progress its uranium enrichment pilot plant and develop manufacturing technology for zero-spin silicon likely to be used in making quantum computing chips. The company raised the funds from domestic, international and uranium…

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Townsville battery materials plant given “prescribed project” status

A project that would process 1.5 million tonnes of ore into battery materials each year at Townsville has been given “prescribed project” status by the Queensland government. The Townsville Energy Chemicals Hub (TECH) proposed by Queensland Pacific Metals (QPM) would be 40 kilometres south of the city, at the Lansdown Eco-Industrial Precinct, and convert ore…

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Manufacturing news briefs – stories you might have missed

ARENA to support regional renewable microgrids A new $50 million Australian Renewable Energy Agency fund will support the deployment of microgrids and renewable energy across regional Australia. First announced in the 2020-21 federal budget, the Regional Australia Microgrid Pilots Program (RAMPP) will fund pilot projects that demonstrate the potential for microgrids to benefit regional and…

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