WestStar’s SIMPEC Secures $17M Contract for Lithium Plant Project

The latest update is out from WestStar Industrial Ltd. ( (AU:WSI) ).

WestStar Industrial Limited announced that its subsidiary, SIMPEC, has been awarded a $17 million contract for the Mid-Stream Demonstration Plant Project at Pilgangoora lithium operation in Pilbara, WA. This project, a joint venture between Pilbara Minerals Limited and Calix Limited, aims to demonstrate the viability of producing a higher-value, lithium-enriched product, potentially benefiting the industry through reduced carbon emissions and better resource utilization. The contract aligns with SIMPEC’s strategy to support Australia’s energy transition and strengthens its relationship with key industry players.

More about WestStar Industrial Ltd.

WestStar Industrial Limited is an Australian industrial services company operating in the energy, resources, utility, and infrastructure sectors. It focuses on providing industrial, steel fabrication, installation, and maintenance services. Its subsidiary, SIMPEC, specializes in construction and asset management within the energy, infrastructure, and resources industries, offering services in structural mechanical and piping, electrical and instrumentation, and civil services.

Average Trading Volume: 131,149

Technical Sentiment Signal: Sell

Current Market Cap: A$8.37M

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