Valence Industries (ASX:VXL) (OTCMKTS:VLQCF) is pleased to provide an update on graphite production at Uley in South Australia. The production throughput rate at the Company's Uley Graphite(TM) processing plant in South Australia has increased progressively since commencement of production in mid June 2015.
Valence Industries Limited (ASX:VXL) (OTCMKTS:VLQCF) is pleased to announce that pursuant to the syndicated debt facilities agreed with Singapore based Chimaera Capital Markets Pte Ltd (CCM) and announced on 1 May 2015, the Company will draw down an amount of A$3 million in bridge financing with up to a further A$0.5M available under that bridge.
Valence Industries (ASX:VXL) (OTCMKTS:VLQCF) is pleased to announce it has commenced operational graphite production at its Uley Graphite(TM) site in South Australia. The Company is planning for flake graphite production rates, quality and consistency to increase progressively over the coming weeks to the nameplate capacity of 14,000 tpa from September 2015.
Valence Industries (ASX:VXL) is pleased to advise it has received regulatory approval for a modified process water pond system at its Uley GraphiteTM facilities to be operated in accordance with the existing PEPR (Program for Environment Protection and Rehabilitation).
ASX listed Strategic Elements (ASX:SOR) will fund exploration of two projects covering potential impact structures caused by meteorites striking the Great Victoria Desert over a hundred million years ago. Meteorite impact structures potentially contain mineral deposits due to the enormous energy, heat and pressure created by the impact.
Strategic Elements Limited (ASX:SOR) is pleased to report that all shares from the recent share plan were allotted to applicants' nominated accounts yesterday. The final amount of funds raised was $1,242,000.
Valence Industries Limited (ASX:VXL)is pleased to announce an update to the valuation contained in its Feasibility Study released on 2 January 2015. The revision indicates a significant increase in estimated returns from the Company's Uley GraphiteTM project in Australia.
