Alkane - Hafnium product breakthrough consolidates Dubbo Project business case

Alkane - Hafnium product breakthrough consolidates Dubbo Project business case.

Summary

• Alkane’s wholly owned subsidiary, Australian Strategic Materials Ltd (ASM), has developed high‐purity hafnium dioxide products tailored to meet market requirements.
• Hafnium oxide exceeding 99.8% HfO2, and 99.9% (Hf+Zr)O2, has been produced using a proprietary process to separate hafnium from zirconium at the demonstration pilot plant at ANSTO.
• Over the past 12 months, ASM has consulted extensively with industry to confirm growing market demand for high‐purity hafnium, which currently depends on supply from the production of zirconium metal for specialty alloys and the nuclear industry.
• Global shortage of hafnium anticipated as demand is poised to outstrip current supply.
• Hafnium metal for super alloys is currently trading in a US$800 ‐ $900/kg range. The ASM business case assumes a conservative product price of US$500/kg for its oxide.
• ASM will initially produce 25tpa hafnium to meet projected market demand, ramping up to higher quantities as required.

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Development of high‐purity hafnium dioxide

Australian Strategic Materials Ltd (ASM), a wholly owned subsidiary of Alkane Resources, has successfully developed a high‐purity hafnium dioxide (HfO2) product that will be directly marketable as a feed material for a number of downstream applications and for producing metallic hafnium. The technical specifications of this material have been tailored to meet global market requirements, following extensive industry consultation over the past 12 months. 

MPD Chemicals Acquires Specialty Chemical Manufacturer Norquay Technology

Norqay Technology, a company with more that 30 years experience in organo metallic precursors for ALD and CVD has just been acquired by MPD Chemicals. Please find press release below.

TREVOSE, Pa., Jan. 11, 2018 /PRNewswire/ — MPD Chemicals (MPD), a US-based manufacturer of specialty chemicals and custom synthesis solutions, announced today the expansion of its manufacturing capabilities, product portfolio and customer base with the acquisition of Norquay Technology, Inc. (Norquay). Located in Chester Pennsylvania, Norquay is the fourth acquisition to be integrated into the MPD Holdings platform, an Addison Capital portfolio company; existing MPD businesses include Monomer Polymer & Dajac Labs, Silar, and IsoSciences.

Norquay is a specialty chemical manufacturer with over 30 years of expertise in providing the scale-up and production of advanced proprietary custom materials, including organometallic, inorganic and organic molecules. Norquay’s product line includes chromic, electronic, catalyst, ligand, medical adhesive and UV performance products, with a customer base that ranges from startups to large multi-national corporations.