With consolidation moving forward apace among the Bushveld platinum group metals developers and a new player planning to enter the downstream smelting/refining business, Braemore Resources today tightened its exclusive hold on the Conroast technology platform.
Revisions to the Conroast Technology Agreement, which formalises the partnership between Braemore and the state-owned metals research organisation Mintek, have consolidated Braemore's right to use and commercially exploit the Conroast DC arc furnace technology within the PGM industry worldwide.
In addition, the 10-year global exclusivity period can now be extended, at Braemore's option, for the full life of the Conroast patents, which expire in 2020.
Leon Coetzer, CEO of Braemore, commented, "This extension and continuing exclusivity reflects the considerable progress we have made and the results we have achieved to date in the development and application of the ConRoast technology. The revised agreement represents a strengthened foundation from which to accelerate the commercialisation of the technology through further partnerships or joint ventures with PGM producers."
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