Business
New Contracts & Sales in Critical Minerals Sector
New Contracts & Sales in Critical Minerals Sector.
About this update from Getech Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8320F\n GETECH Group plc\n 24 March 2022\n \n \n \n 24 March 2022\n Getech Group plc\n (\"Getech\" or the \"Company\")\n New Contracts and Sales in Critical Minerals Sector\n Getech, the net zero technology provider and data-led energy asset developer, is pleased to announce that it has won new contracts with leading mining companies to explore for sedimentary copper, iron oxide-copper-gold deposits, and other minerals critical to the delivery of the Energy Transition.\n These contracts result from investment by Getech to expand the application of geoscience and data products that the Group originally developed as petroleum solutions - positioning them as essential tools in locating and developing new critical mineral deposits.\n Using its proprietary data and workflows, Getech can identify the specific factors responsible for the location and economic concentration of energy and critical minerals. This information is delivered and managed through Getech's unique platforms, such as Globe, which contain the Group's world-leading gravity and magnet datasets and earth systems knowledge.\n The total initial value of these new contracts is c. GB£110,000, which adds to Getech's existing revenue from the mining sector. The Company's focus is to use its new critical mineral products to expand revenue generation and where appropriate, explore equity participation in off-grid energy solutions.\n \n Getech's Chief Executive Office, Dr Jonathan Copus, commented:\n \n \"As we leverage our flagship products and world-leading data to unlock value in new markets, these sales demonstrate the versatility of our foundation products and solutions, and their adaptability in locating and de-risking different commodities across a wide range of geographies.\n Against the current complex geopolitical backdrop, we see Getech's ability to locate and define new geographically-diverse sources of critical minerals as essential to delivering a secure and sustainable energy transition. This is driving an expansion of interest in our unique offering, and as a trusted partner providing integrated local solutions to global energy challenges, this also presents us with opportunities for participation in these projects.\"\n Details of new contracts\n \n 1. Sedimentary copper project in Australia - Getech signed an agreement with a lea...