Geo40 gets $15 mln PGF funding, eyes listing

Mon, 08 Jul 2019

By Gavin Evans July 8 (BusinessDesk) - Geothermal minerals specialist Geo40 is considering a listing to help fund the next stage of the firm’s growth. The company has operated a demonstration silica extraction facility at the Ohaaki field, in conjunction with Contact Energy and the Ngati Tahu Tribal Lands Trust, for about 15 months. Today it was granted a $15 million loan from the Provincial Growth Fund to help it establish commercial-scale silica production at the field. “This funding is a game-changer,” managing director John Lea...

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