Queensland Pacific rises on S.Korea debt funding for battery metals project

QPM Energy

05/04/2022 04:14

** Battery metals explorer Queensland Pacific Metals
 QPM.AX  rises as much as 6.7% to A$0.240, highest since Nov. 16
    ** Gets https://wcsecure.weblink.com.au/pdf/QPM/02506746.pdf
 conditional finance support from South Korea's official export
credit agency - Korea Trade Insurance Corp - for debt funding
project to supply high-grade battery metals
    ** Support follows MoU on cooperation in critical minerals
supply chains signed between South Korea and Australia in Dec.
2021  urn:newsml:reuters.com:*:nL4N2SZ1RL
    ** TECH project earlier received a commitment letter for
conditional debt funding for A$250 mln ($188.38 mln) from Export
Finance Australia
    ** Stock down 4.4% as at 0259 GMT
    ** 19.9 mln shares change hands, vs the 30-day average
volume of 9.3 mln
    ** Stock has risen 36.4% this year as of last close

($1 = 1.3271 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))