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…

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…

Manufacturing employment back over 1 million for first time since 2009: ABS

The resilience of the manufacturing industry seen through 11 months of positive PMI results has translated into jobs growth, with employment higher now than at the beginning of the pandemic. Acting federal industry minister Angus Taylor said on Thursday that though COVID-19 restrictions were presenting difficulties, a strong result for the quarter had delivered 91,000…

Micro-X signs $8m stroke detection device contract

Carbon nanotube X-ray technology company Micro-X has signed an $8 million contract with the Australian Stroke Alliance to develop a lightweight CT scanner for pre-hospital stroke diagnosis in air and land ambulances. The grant, part of $40 million funding by the federal government’s Medical Research Future Fund, aims to develop a scanner small and affordable…