-- Pmet Resources' (ASX:PMT) collaboration with Koch Technology Solutions, a division of Koch, is an important step for Pmet to increase its share of the value in the cesium supply chain beyond just selling concentrate, Euroz Hartleys said in a Thursday note.
Pmet launched a strategic test work program with Koch Technology to evaluate advanced processing methods for producing high-value cesium chemicals from pollucite concentrates at its Shaakichiuwaanaan project in Canada.
Cesium is highly concentrated, therefore any new supply is highly strategic and can be leveraged. The combination of scale, grade and co-product potential, including cesium and tantalum, continues to support the project's potential for low-cost operations over time.
The investment firm maintained its speculative buy recommendation and AU$0.95 price target on Pmet Resources, with the price target placed under review.
Pmet Resources' shares were up nearly 1% in recent Friday trade.