QPM receives $8m grant from Queensland State Government

Queensland Pacific Metals Ltd (ASX: $QPM) has announced the receipt of an $8m grant from the Queensland State Government. The grant is intended to prepare the Townsville Energy Chemicals Hub (TECH Project) for investment readiness. This funding is in addition to the $8m grant received from the Australian Federal Government under the International Partnerships in Critical Minerals program. The combined grants will enable QPM to advance the TECH Project and evaluate a potential demerger to maximize value for shareholders.

Executive Commentary on Government Funding and Demerger Process

Government support is essential for advanced manufacturing projects like TECH to be competitive on the global stage. We believe in the merits of the TECH Project with its gold standard sustainability credentials and world-class partners. I would like to personally thank both the State and Federal Governments for their ongoing support, particularly at a time where it is most needed for critical minerals. The proposed Demerger could create two focused entities that will unlock a material increase in overall shareholder value.

Summary of Queensland Pacific Metals' $8m Government Funding and Demerger Evaluation

Queensland Pacific Metals (ASX: $QPM) has secured an $8m grant from the Queensland State Government to prepare the TECH Project for investment readiness. This grant, in addition to the $8m received from the Australian Federal Government, represents significant non-dilutive funding for the TECH Project. The company will now ramp up activities for the TECH Project and evaluate a potential demerger to maximize value for shareholders. The Board believes that the proposed Demerger could create two focused entities that will unlock a material increase in overall shareholder value, allowing both projects to grow and create value independently.