Nanopac Innovation Limited

Nanopac Innovation Limited (NSX:NNO) is pleased to announce that on 22 August 2022 Alaska signed a Co-Operative production and Sales Agreement with HENAN SHENGXIANG INDUSTRY CO., LTD. for the production and sale of 100,000 metric tonnes of Ilmenite.

Nanopac Innovation Ltd (NSX:NNO) is pleased to announce that it has today, through its newly established wholly owned subsidiary Nanopac Alaska Sdn Bhd, signed an agreement to acquire a 51% interest in Alaska Mining Sdn Bhd.

As noted in the market update of 16 March 2021 the business of Nanopac (M) Sdn Bhd, the Company's main operating subsidiary, was severely and negatively impacted by the effects of the Covid-19 global pandemic and the various lock downs and movement restrictions put in place in Malaysia and markets which the group supplies.

In February 2021 Nanopac (M) retended to supply socks with nano particle coatings to the Malaysian Army. The Company's previous contract expired in January 2021. The tender is in the final stages and the group hopes to again supply socks to the Malaysian army.