Why QPM's Capital Raising Bring in Strategic Investor SMT?
Queensland Pacific Metals Limited
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Why QPM's Capital Raising Bring in Strategic Investor SMT?

Queensland Pacific Metals Limited (ASX: QPM) Secures Significant Investments to Drive Growth
Queensland Pacific Metals Limited (QPM), a leading battery chemicals producer, has successfully raised $16 million through a share placement, attracting strategic investors that will help propel the company's expansion plans. This capital raising effort aims to accelerate gas production growth at the Moranbah Project and support ongoing technical workstreams at the TECH Project, essential for securing debt financing.

Strengthened Financial Support

This recent round of funding has received overwhelming demand from shareholders and institutional investors, demonstrating the market's confidence in QPM's potential. The highlights of the capital raising include:

$5 million strategic investment from ore supplier Société des Mines de la Tontouta (SMT):

QPM's strategic partnership with SMT, a prominent New Caledonian ore supplier, has led to a significant investment of $5 million. This collaboration opens doors for SMT's involvement in the value created by processing its ore into battery chemicals, further solidifying QPM's position in the industry.

$1. 5 million investment by General Motors Holdings, LLC (GM):

As part of its existing investment agreement, General Motors Holdings, LLC (GM) has invested $1.

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5 million in QPM. GM's continuing support and participation in the capital raising efforts underscore their belief in QPM's potential and long-term prospects.

Shareholder Participation Opportunity

To extend the opportunity for QPM shareholders to participate in the company's growth, an $8 million share purchase plan (SPP) has also been launched. The SPP invites existing shareholders to invest under the same terms as the share placement. This move ensures greater inclusivity among QPM's investor base.

The SPP and the grant of Placement Options will be subject to shareholder approval during an upcoming extraordinary general meeting, scheduled for 5th October 2023.

Strong Advisory Support

Petra Capital Pty Ltd and Foster Stockbroking Pty Limited acted as Joint Lead Managers and Joint Bookrunners to the Placement. This experienced advisory team helped facilitate and execute the capital raising process.

Looking Ahead

With the successful completion of this round of capital raising, QPM aims to maximize the potential of its Moranbah Project and TECH Project. The funds raised will contribute to expanding gas production capabilities at the Moranbah Project while ensuring ongoing progress in the TECH Project.

QPM continues to foster strong relationships with strategic investors such as SMT and GM, further solidifying its position in the market and enriching its shareholder base. The company's commitment to innovation and sustainable battery chemicals production remains steadfast as it strives to meet the growing demand for clean energy solutions.

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