Calix (ASX:CXL) restarted the development of the midstream demonstration pilot plant project in partnership with Pilbara Minerals (ASX:PLS), according to a Wednesday Australian bourse filing.
The restart followed a AU$15 million grant funding from the state government of Western Australia which will be used to reduce the construction costs of the partners in the venture, the filing said.
Construction and commissioning are slated for completion in the December quarter.
The project is designed to demonstrate the potential of lower cost of electrification and lower carbon in lithium processing.
The firm's shares soared 19% on market close on Thursday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。