RNS 8th March 202222 Jan 2024 11:36
Sp nearly 2 years ago :-
For a protracted period, and as first advised in the announcement of 17 December 2020, the Company has been working with a large cement and ready-mix company (CRMC) in providing samples for commercial testing and has been holding regular negotiations and, more recently, discussing terms for a joint development of the CS Natural Pozzolan-Perlite Project.
The Company's pozzolan has passed all of the CRMC's testing programmes, including large scale grinding tests on a 500-ton bulk sample of run-of-mine pozzolan. This demonstrated the commercial application of the Company's high quality natural pozzolan as a substitute for fly ash and cement in concrete, both on a bench scale and in real-life concrete pours.
However, the Company has now terminated further negotiations with the CRMC as the already extended discussions have failed to reach a satisfactory conclusion. The Company will now prioritise ongoing discussions with other potential partners for the CS Project.
Commenting today, Executive Chairman Patrick Cheetham said: "We are frustrated that the CRMC has been unable to fully commit to the project in any acceptable timeframe, despite the obvious pressures faced by cement and ready-mix companies to develop sustainable strategies to lower the embodied carbon contained in their concrete products. Our mine permits continue in force and we believe that the testwork carried out by the CRMC on CS natural pozzolan has materially increased the value of the project to the Company and other interested parties. The Board remains confident that a suitable partner will be secured for development of the CS Project, and we will now concentrate on discussions with other parties currently testing samples and reviewing data on the project."
REMAINS CONFIDENT ABOUT THE OTHER PARTIES !!!
What other parties ? We don't even know who the first one was - or are we now signing NDA's with every company who even makes an enquiry.
We are where we are because this BID coukdn't run a raffle in the village hall.
Don't hear much from you these days PC ?