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Andromeda Metals (ASX:ADN) and Minotaur Exploration (MEP) R&D entity lodges patent application

Materials
ASX:ADN      MCAP $59.09M
07 July 2021 12:50 (AEST)
Andromeda Metals (ASX:ADN) - Managing DIrector, James Marsh

Source: The Market Herald

Andromeda Metals’ (ADN) and Minotaur Exploration (MEP)’s jointly owned R&D company, Natural Nanotech, has lodged a patent application covering the conversion process for halloysite-kaolin into nanoporous carbon materials.

Natural Nanotech investigates advanced nanotechnology applications using halloysite and halloysite-kaolin sourced nanomaterials.

The company has been working for several years with the University of Newcastle’s Global Innovative Centre for Advanced Nanomaterials (GICAN) on high-tech applications for halloysite sourced from the Great White Project’s high-grade halloysite-kaolin deposits in South Australia.

Andromeda and Minotaur are co-funding Natural Nanotech with $1 million per year to facilitate the commercialisation of new technologies based on halloysite-kaolin.  

Andromeda Metals said filing a provisional patent application was the first step towards establishing Australian and international intellectual property protection.

This will be followed by a standard patent application and international filings within 12 months of the provisional application.

Andromeda Managing Director James Marsh said the research with GICAN and the resultant patent filing addressed the need for improved methods for the fabrication of nanoporous carbon materials having high specific surface area, large pore volume and improved surface functionalities.

“Most importantly, it delivers these major advances utilising a low-cost and naturally available, benign clay material precursor, while protecting the potentially very valuable intellectual property for the benefit of all ADN and MEP company shareholders,” Mr Marsh said.

Andromeda Metals was down 3.23 per cent, trading at 15 cents at 12:55 pm AEST.

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