Acacia swaps coal for ‘green’ tech
Acacia Coal Ltd has ditched its coal assets and relisted on the ASX today as an “environmentally- focused” company after acquiring Graphene Technology Solutions. The former coal developer has been rebranded and renamed Sparc Technologies Limited (ASX:SPN) in a reverse takeover deal, which will see Acacia’s core business transition from coal and mineral exploration to the development and commercialisation of “new-world” products. Sparc will initially harness graphene to develop technologies that could revolutionise the mining industry such as improved metals recovery from tailings and environmental remediation. Graphene is a 2D material made of carbon atoms with a unique hexagonal lattice structure that makes it lightweight, thin, strong, super conductive, elastic, anti-microbial, anti-corrosive and hydrophobic, meaning it can separate toxins from…