October 2, 2023 [crocon media – msch] In a world that is rapidly shifting towards clean energy and environmental sustainability, Abaxx Technologies Inc. stands out as a beacon of innovation and strategic advancement. The company’s recent announcements highlight a series of significant developments that underscore its commitment to long-term growth and shareholder value.
Abaxx Technologies has successfully concluded a public consultation on Exchange and Clearinghouse rules, marking a crucial step towards obtaining final licensing from the Monetary Authority of Singapore (MAS) in Q4 2023. This development is a testament to the company’s adherence to regulatory standards, ensuring its operations are in line with global best practices.
In a strategic move to expand its market presence, Abaxx has entered into a cooperation agreement with Vanir Global Markets Pte. Ltd, a global energy and environmental interdealer brokerage firm. This partnership will enhance market access to Abaxx Exchange’s suite of products, leveraging Vanir’s extensive global relationships in energy and environmental markets.
The company’s focus on product development is evident in its notification to the MAS for the listing of Nickel Sulphate Futures. This initiative, along with ongoing efforts on carbon and precious metals market solutions, highlights Abaxx’s commitment to offering diverse and relevant products to its market participants. The initial product scoping for lithium benchmark contracts further solidifies its position in the burgeoning battery metal market.
Abaxx’s strategic financing endeavors are also noteworthy. The completion of a financing round, raising approximately CAD $1,013,000 through a private placement, provides the company with additional capital to fuel its growth and development initiatives. The company’s ability to attract investment reflects investor confidence in its vision and strategic direction.
In conclusion, Abaxx Technologies is poised for robust growth and expansion. Its strategic initiatives, regulatory engagements, and partnerships reflect a comprehensive approach to addressing global challenges, including the ongoing energy transition and global supply chain investment cycle. As the company continues to innovate and expand its product offerings, it stands as a promising investment for those looking to contribute to and benefit from the global shift towards sustainability and clean energy.
Read the press release : https://www.globenewswire.com/news-release/2023/09/29/2752298/0/en/Abaxx-Provides-Corporate-Update.html
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