Green Critical Minerals' pilot plant progress

Green Critical Minerals (ASX:GCM) has made significant strides in the progression of its VHD Technology pilot plant. The company is on track for commercialisation in 2025, having ordered all critical equipment needed for the pilot plant. The equipment deliveries are set between November 2024 and January 2025, with construction beginning in early December 2024 in New South Wales.

Overview and future outlook for GCM

Green Critical Minerals (ASX:GCM) is actively advancing its VHD Technology pilot plant, which is a crucial step towards the company's commercialisation goals set for 2025. The plant is expected to produce VHD blocks for use in high-performance computing and solar-thermal energy storage systems. GCM plans to establish a full-scale production facility in North America, driven by the demand for thermal management solutions. The pilot plant is scheduled to be commissioned in Q2 FY2025, with customer testing following in Q3 FY2025. The company's strategic plan includes forming partnerships to further its sustainable energy solutions, alongside continuous research and development. GCM aims to be a leader in providing sustainable alternatives to fossil fuels, contributing to global decarbonization efforts.

Executive commentary on pilot plant development

We are excited about the advancements in our VHD Technology pilot plant, which is crucial for meeting the increasing demand for advanced thermal management solutions. This development aligns with our commitment to sustainability and innovation.