New Energy Minerals Ltd (ASX:NXE) Strategic Investor, Equity Placement & JV Partner for Caula
Date: Nov 7, 2018
Strategic Investor, Equity Placement & JV Partner for Caula Sydney, Nov 7, 2018 AEST (ABN Newswire) – New Energy Minerals Limited (“NXE”, the “Company”) ( <>
PT International is a diversified investment holding company with interests in a registered Hong Kong-regulated asset manager, oil port and storage facilities in the PRC, and is engaged in trading of commodities including copper cathodes and nickel briquettes and investment in other high growth investment projects. Mr. Ching is also a director and Deputy President of STX Corporation a South Korean-listed company (KRX:011810) with principal activities engaging in the trading of non-ferrous metals including zinc, nickel and stainless steel, as well as the provision of shipping and logistics services on a global basis.
Dr. Bernard Olivier, Managing Director of New Energy Minerals commented: “This Agreement is an important step forward for NXE in fast-tracking the world-class Caula Vanadium-Graphite project towards development. Mr. Ching’s access to both debt and equity capital throughout Asia, coupled with his extensive experience in commodity trading, will significantly assist in financing the Caula Project, but also in securing offtake agreements in the short term once the project is in production. The Company welcomes Mr. Ching as a strategic investor in New Energy Minerals and looks forward to working with him to move the Caula project into early cashflow.”
Mr.Louis Ching director and controlling shareholder of UBezTT International Investment Holdings commented: “We are very excited to make this strategic investment in New Energy Minerals and the Caula Vanadium-Graphite project. We were attracted to this investment by what we believe is a unique opportunity to achieve near-term production of vanadium and graphite, as well as by the quality and experience of the NXE Board and Management team. We look forward to working closely with the Board to bring our extensive commodity trading experience and networks in Asia to this project.”
