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Zinc of Ireland Limited (ASX:ZMI)

ALERT: Price-sensitive ASX Announcement for ZMI
Current share price for ZMI : $0.018 0.002 (12.50%)+
Announcement
Release
17 Jun 2026 9:08AM
Price at Release
$0.016
Full Release
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Summary
Zinc of Ireland NL (ZMI) has successfully completed the acquisition of Meclex, a European-based company developing hydrometallurgical metal recovery technologies, ARGO and VOLTA. These technologies offer low-temperature, low-emission alternatives to traditional pyrometallurgical processes. The acquisition enhances ZMI's position in the metal recovery industry, addressing environmental and regulatory pressures. ZMI aims to commercialize these technologies through partnerships and pilot programs in Europe, with ARGO targeting zinc, lead, silver, and critical minerals recovery, while VOLTA focuses on lead-acid battery recycling. The company has also secured a $5.5 million capital raise to fund further development and exploration activities.
Key Points
  • Completion of 100% acquisition of Meclex by ZMI.
  • Development of proprietary ARGO and VOLTA technologies.
  • ARGO targets zinc, lead, silver, and critical minerals recovery.
  • VOLTA focuses on end-of-life lead-acid battery recycling.
  • Technologies offer environmentally friendly alternatives to traditional methods.
  • Strong cash position with a $5.5 million capital raise.
  • Ongoing exploration and drilling programs at Kildare project.
  • Partnerships with Nyrstar and FIB S.p.A for technology advancement.
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.