Core Insights - AnorTech Inc. has successfully completed a phase of its R&D program focused on sustainable cement products using anorthosite from the Gronne Bjerg Project in Greenland [1][2] - The company aims to commercialize three high-potential product lines, significantly reducing CO2 emissions compared to traditional cement production [2][5] R&D Program Highlights - The R&D program was conducted by the Danish Technological Institute, utilizing 100% anorthosite mixed with phosphoric acid to create materials for various applications [2] - AnorTech's process eliminates approximately 90% of CO2 emissions compared to Ordinary Portland Cement, which emits about 0.9 tonnes of CO2 per tonne produced [2] Market Potential - The global refractory cement market was valued at USD 22.8 billion in 2023 and is projected to grow at a CAGR of 4.7%, reaching an estimated USD 37.7 billion by 2034 [4] - AnorTech is particularly focused on the high-value refractory cement market and is working towards product certification [5] Product Development - Successful tests showed that anorthosite mortar prisms maintained structural integrity after multiple heating cycles at 1,200 °C, with post-treatment strength exceeding 25.0 MPa [8] - Over 20 formulations were tested for optimal printability and structural buildability, confirming proof of concept for 3D printing applications [8] Strategic Partnerships and Financial Position - AnorTech is pursuing partnerships with leading industrial groups to accelerate the commercialization of its technologies [10] - The company has over $2.3 million in working capital, indicating a strong financial position to support ongoing projects [10]