FinTechFunding

Zeotech: Raises $1.7M for zeolite processing tech

  • Kaolin and mineral processing company Zeotech (ZEO) has received firm commitments to undertake a $1.7 million placement
  • 34 million fully-paid ordinary shares will issued to sophisticated and professional investors at five cents
  • Zeotech will also use the funds to advance its zeolite pilot plant program and to enhance and develop its mineral processing technology
  • The company is currently working with the University of Queensland to commercialize its zeolite mineral processing technology
  • This technology uses up to 70 percent less energy and is up to 80 percent quicker than traditional processes
  • Shares in Zeotech are up 1.89 percent and trading at 5.4 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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