Highlights

• Climate Tech Cement Pty Ltd (CTC), a wholly owned subsidiary of Suvo, executes Shareholders Agreement with PERMAcast R&D Pty Ltd (PERMAcast R&D) for 50/50 ownership of EcoCast Concrete Pty Ltd and EcoCast Solutions Pty Ltd (JV Entities).
• The Joint Venture was established to commercialise the intellectual property developed under the Joint Development Agreement (JDA) (ASX Announcement 9 July 2024) and bring low carbon concrete products and projects to market.
• PERMAcast, Western Australia’s leading supplier of precast and prestressed concrete products, will be essential in providing market insights and expertise that accelerate development and enhance market readiness.

 

Suvo Strategic Minerals Limited (ASX: SUV) (“Suvo” or “the Company”) is pleased to announce its wholly owned subsidiary, Climate Tech Cement Pty Ltd (CTC), has executed a Shareholders Agreement with PERMAcast R&D Pty Ltd (PERMAcast R&D) for 50/50 ownership of EcoCast Solutions Pty Ltd (IP Company) and EcoCast Concrete Pty Ltd (Operations Company), together the Joint Venture Entities (JV Entities).

The Joint Venture was established to commercialise the intellectual property developed under the Joint Development Agreement (JDA) (ASX Announcement 9 July 2024) and bring low carbon concrete products and projects to market. The key terms of the Shareholders Agreement are included as an Appendix.

Executive Chairman Aaron Banks commented: “Formalising this JV with industry leader, PERMAcast, to deliver low carbon concrete products, is a defining moment for Suvo. PERMAcast will play a critical role in the commercialisation of our jointly owned technology and the introduction of products to market.

This JV is essential as we will have first hand knowledge of market insight, be able to leverage resources and infrastructure, seek market validation and credibility and most importantly establish processes and networks that can accelerate product development timelines, allowing for quicker commercialisation. We look forward to updating the market as we progress this exciting new partnership.”

Chief Executive Officer of PERMAcast Darren Hedley commented:
“At Permacast, we’re focused on more than just building structures; we’re building for a sustainable future. Our partnership with Suvo is an exciting step toward greener, smarter construction. With our combined expertise and the growing demand for innovative and sustainable infrastructure solutions, this collaboration positions us at the forefront of a market that is demanding disruption. This joint venture is set to deliver, and only just at the beginning of the journey.” Approved for release by the Board.

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