RE: VSA reiterates "buy" rating26 Apr 2024 20:30
It would not surprise me to see this very soon, as they have had a lonnnnnnnnnnng time to discuss it.
22 November 2023
"Quadrise is now pleased to announce that the industrial demonstration test of MSAR® and bioMSAR? fuels at the client's site in Morocco (the "Trial") has been successfully completed"
"Emissions from MSAR® and bioMSAR? combustion were very low, and well within environmental limits for the site. This was the first demonstration of bioMSAR? in an industrial application. Quadrise is now preparing a technical report to submit to the client within the next month."
"The parties will now enter into discussions for long-term commercial supply, in conjunction with reaching agreement for testing at the client's other sites to expand supply opportunities for MSAR® and bioMSAR? fuels. In parallel, the Company will continue work to ensure the supply of appropriately located and priced residual feedstock."
18 March 2024
Morocco:
"The parties are now negotiating a long-term commercial supply with a view to signing an agreement by mid-2024."
"In parallel, Quadrise completed a technical and economic feasibility study for an additional paid-for industrial demonstration test at a second site of the same client ("Site A") as part of efforts to expand commercial applications for MSAR® and bioMSAR? fuels."
"Quadrise submitted a technical report on the test results to the client and the parties have commenced discussions on long-term commercial supply, aiming to sign a fuel supply agreement in H1 2024."