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Suvo Strategic Minerals Limited (ASX:SUV)

ALERT: Price-sensitive ASX Announcement for SUV
Current share price for SUV : $0.031 -0.024 (-43.64%)+
Announcement
Release
24 Oct 2024 9:38AM
Price at Release
$0.055
Full Release
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Summary
Suvo Strategic Minerals Limited announced that its subsidiary, Climate Tech Cement Pty Ltd, has executed a Shareholders Agreement with PERMAcast R&D Pty Ltd for a 50/50 ownership of EcoCast Concrete Pty Ltd and EcoCast Solutions Pty Ltd. This Joint Venture aims to commercialize intellectual property developed under a previous agreement to bring low carbon concrete products to market. PERMAcast will provide crucial market insights and expertise, which will help accelerate product development and enhance market readiness for the low carbon concrete offerings.
Key Points
  • Suvo executes Shareholders Agreement with PERMAcast for joint venture.
  • The venture focuses on commercializing low carbon concrete products.
  • PERMAcast is a leading supplier of precast concrete products.
  • The collaboration aims to leverage resources and expertise for faster market entry.
  • Suvo is advancing its geopolymer concrete technology under the Murdoch Technology.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.