Kumova-backed Pure heads to Toronto to buy Canadian HPA company

A DEAL hinting-at the funding malaise and general investor disinterest in the speculative end of the resources market in Canada can be seen in Tolga Kumova-associated ASX company Pure Alumina buying Canadian company Polar Sapphire for C$25.75 million, including $12 million cash.

Kumova-backed Pure heads to Toronto to buy Canadian HPA company Kumova-backed Pure heads to Toronto to buy Canadian HPA company Kumova-backed Pure heads to Toronto to buy Canadian HPA company Kumova-backed Pure heads to Toronto to buy Canadian HPA company Kumova-backed Pure heads to Toronto to buy Canadian HPA company

Polar is said to be a Toronto-based high purity alumina producer currently supplying seven customers utilising its patented processing IP via a pilot plant.

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