Diatreme Resources Says Unit Receives Payment for Sale of IP Rights

MT Newswires Live

2025/03/31

Diatreme Resources (ASX:DRX) said that its unit, Touchstone Resources, has received AU$562,500 for the sale of intellectual property (IP) rights related to scandium extraction and refining technology, according to a Monday filing with the Australian bourse.

The IP, originally developed for the SCONI Scandium Cobalt Nickel Project in Queensland, was sold after interest from third parties, the filing said.

The funds will support the development of DRX's Northern Silica Project in North Queensland, the filing added.

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