PR1: Annual Report to Shareholders
Pure Resources Limited has transitioned to a defence-aligned advanced materials platform, securing research partnerships with Rice University for graphite-based thermal management and Oak Ridge National Laboratory for heavy rare earth element (HREE) recovery from its Garnet Hills Project. Initial metallurgical testwork confirmed HREE recovery to solution and the garnet product meets international abrasive specifications. The company also completed capital raises totalling $4.7 million and divested non-core assets.