QEM Limited (QEM)
CXA CXA Primary Summary
QEM Limited (QEM) FAQ
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QEM Limited Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Gavin Loyden CEO | CXA Exchange | - ISIN |
| Australia Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
QEM Limited, initially known as Queensland Energy & Minerals Pty Ltd until its name change in August 2018, is a company entrenched in the exploration and development of valuable resources in Australia. The genesis of this venture dates back to 2014, with its headquarters nested in Surfers Paradise, Australia. The company has positioned itself in the mining sector with a keen focus on extracting and developing vanadium resources and oil shale. Their operations are primarily concentrated in North Western Queensland, Australia, particularly through their flagship venture, the Julia Creek oil shale and vanadium project. This key project extends over a significant area of 249.6 square kilometers, symbolizing the company's substantial investment in this region's rich mineral deposits.
Products and Services
- Vanadium Exploration and Development
At the heart of QEM Limited's operations lies their dedication to the exploration and development of vanadium, a valuable metal known for its high strength and resistance to corrosion. Vanadium is increasingly sought after in the steel industry as an alloy to strengthen and enhance the durability of steel, aside from its emerging potential in the energy storage sector through vanadium redox flow batteries. QEM is involved in identifying viable vanadium deposits, with the Julia Creek project serving as their primary focus, envisioned to capitalize on the growing demand for this raw material.
- Oil Shale Project
The Julia Creek oil shale and vanadium project, spanning 249.6 square kilometers, underscores QEM Limited's ambition in the extraction and processing of oil shale. Oil shale represents a significant portion of the world's untapped fossil fuel resources, which, upon heating, can produce oil similar to petroleum pumped from the ground. This venture not only signifies the company's position in the vanadium market but also showcases their commitment to tapping into alternative sources of crude oil, aligning with the global quest for diversified energy sources.
