Parkway Minerals (ASX:PWN)
- Company Parkway Minerals Ltd (ASX:PWN)
- Approach / Strategy Seed investment, consolidate ownership
- Website parkwayminerals.com.au
- Issued Capital 2.1 billion shares
- LBI Holding* 170 million shares
Company Description – Parkway Minerals (ASX:PWN) owns a patented membrane technology which can recover Potash and Lithium from saturated brines, a BFS is due later this year.
Strategy – LBI acquired its interest in Parkway as a result of the sale of Australian Water Technologies [AWT]. LBI had been a seed investor in AWT assisting it in the acquisition and dev elopement of its membrane technology. The membrane technology has many potential application from the recovery of minerals to recovering of water and chemicals from tailings streams.
Results to date have been extremely encouraging. Parkway is in the right space at the right time and is now well funded. The share price has risen from 0.6 cents to 1 cent over the past two months and we expect it to continue to improve as management delivers on its plans.