Queensland Pacific Metals (ASX:QPM) has revealed its receipt of confirmation for $8M of funding from QLD’s government. The funding is to help QPM arrive at FID for its Townsville Energy Chemicals Hub (‘TECH project‘). That vision sees a world where QPM can provide nickel ore from New Caledonia to produce nickel and cobalt sulphates for the Australian supply chain. A number of ex-Chiense companies are potential offtakers, with LG Energy Solutions, POSCO and General Motors all watching. The $8M from QLD adds to an existing $8M from Canberra for a total pool of $16M to head towards FID. Based on …
