Suvo Strategic Minerals executive chairman Aaron Banks said: “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.”

‘This JV is essential as we will have first-hand knowledge of market insight.’

Suvo Strategic Minerals executive chairman Aaron Banks

Suvo also released news yesterday of an oversubscribed $2 million placement to help develop and commercialise the technology, with the owners of PERMAcast stumping-up a cool $300,000 to join the company’s register.

The pairing between Suvo, which holds the technology license and PERMAcast, one of WA’s largest pre-cast concrete players at face value appears to make sense.

And it would seem the owners of PERMAcast are equally enthused about Suvo’s technology too having opened their wallets for $300,000 in the recent capital raise.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au