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Queensland Pacific Metals wins backing for gas production, TECH Project ambitions

Queensland Pacific Metals (QPM) has received binding commitments to raise $16 million at a share price of $0.07 per share, including a $5 million strategic investment by ore supplier Societe des Mines de la Tontouta (SMT) and a $1.5 million investment by General Motors (GM) as part of an existing investment deal. 
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.