Palisade Corporate advises Zinc of Ireland NL (ASX:ZMI) (ZMI) on its acquisition of Metallon Clean Extractions BV (Meclex) and associated $5.5m placement of shares.

Palisade Corporate has advised Zinc of Ireland NL (to be renamed ‘Zinc of Ireland Limited‘) (ASX:ZMI) (ZMI) on its acquisition of Metallon Clean Extractions BV (Meclex), a European-based company focused on the development of metallurgical technologies designed to recover valuable metals from industrial residues and recycling streams.

The acquisition of Meclex, and ownership of Meclex’s proprietary technologies, ARGO and VOLTA, provides ZMI with the opportunity to complement its existing upstream zinc and lead asset in Ireland (Kildare) with proprietary downstream processing technologies that recover additional metal value.

In association with the acquisition, ZMI completed a placement to professional and sophisticated investors to raise $5,500,000 to fund the development of the newly acquired technologies and continued exploration at ZMI’s Kildare project.

The Palisade Corporate team was led by Connor Graham (Director) with support from Luke Colreavy (Solicitor).