Pacific Lime and Cement secures US$16.3M investment

·       The Papua New Guinea government exercised rights to buy a 13% stake in the Central Lime Project for US$16.3 million.

·       Pacific Lime and Cement shares rose following the state investment agreement announcement.

·       The capital transaction supports the development of Papua New Guinea's first integrated lime and cement manufacturing facility.

Pacific Lime and Cement (ASX:PLA) has secured a US$16.3 million equity investment from the Papua New Guinea government.

The transaction grants state nominee Kumul Mineral Holdings a 13% equity interest in project subsidiary Mayur Industrials PNG.

"This capital commitment reflects over a decade of collaboration," said Pacific Lime and Cement Managing Director Paul Mulder.

Kumul Mineral Holdings retains an option to acquire another 5% stake for US$6.8 million within 180 operational days.

Following the announcement, the Pacific Lime and Cement share price was up at $0.38.

The project development agreement executed in March 2026 establishes the long-term fiscal framework for both regional processing projects.

The state also holds rights to purchase up to 30% of the US$339 million Central Cement Project.