Curated News
By: NewsRamp Editorial Staff
April 16, 2024

Tharisa PLC CEO Discusses Solid Q2 Performance and Innovative Energy Storage Solution

Reddit Discuss on Reddit
Source Press Release

TLDR

  • Tharisa PLC's CEO discussed a $5 million share repurchase program to take advantage of depressed PGM prices for competitive investors.
  • Tharisa reported a slight decrease in chrome concentrate production, but remains on track to meet its annual guidance, with PGM production remaining steady.
  • Tharisa's innovation strategy includes the official launch of Redox One, a chrome iron redox flow battery technology aimed at decarbonizing the company's footprint and supporting renewable energy.
  • Tharisa's CEO highlighted the progress at the Karo platinum project in Zimbabwe, showcasing construction despite a slowdown in capital expenditure.

Impact - Why it Matters

The news is important for investors and stakeholders interested in the performance and future prospects of Tharisa PLC. The discussion of the company's production performance and innovative energy storage solution provides insight into its strategic direction and potential impact on the industry. Additionally, the reflection on the 10th anniversary of Tharisa's JSE listing highlights the company's milestone and longevity in the market.

Summary

Tharisa PLC CEO, Phoevos Pouroulis, discusses the company's second-quarter production performance and future prospects. Despite a slight decrease in chrome concentrate production, the company remains on track to meet its annual guidance. Progress at the Karo platinum project in Zimbabwe was noted, along with the official launch of Redox One, a chrome iron redox flow battery technology for grid-scale, long-duration energy storage. The CEO also discussed a $5 million share repurchase program and the company's 10th anniversary of Tharisa's JSE listing.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Tharisa PLC CEO Discusses Solid Q2 Performance and Innovative Energy Storage Solution

blockchain registration record for the source press release.