Cadoux Limited (ASX: CCM), formerly known as FYI Resources Limited, is positioning itself to be a significant producer of high-quality critical minerals for use in the rapidly developing electric vehicle market and high-tech applications. The company is focusing on two potential world-class projects:
- High Purity Alumina (HPA): Cadoux has developed an innovative process design for the integrated production of high-quality HPA, predominantly for electric vehicles (lithium-ion batteries), sapphire glass (LEDs), and other tech applications.
- Rare Earths: The company is developing the Minhub third-party downstream heavy mineral sands and rare earths production facility in Darwin. Minhub is designed to work with emerging mineral sands producers to process xenotime and monazite concentrates, producing rare earths feedstocks upgraded to a suite of premium products.
Cadoux's vision is to commercialise innovative and fully integrated processes in critical minerals and become a major participant in critical minerals markets. The company's goals include establishing sustainable businesses, creating long-term value for stakeholders, attracting a competent workforce, promoting a zero-harm culture, and developing strong relationships with all stakeholders.