$SOR:ASX - STRATEGIC ELEMENTS - Australian Innovation Fund

Could be an interesting stock to follow and likely to be spiky on news with some really interesting projects they are backing. Quite a bit of upside on these spikes too. Worth a read of what they do and their recent announcements. Super speccy. Could be worth a watch.

The Australian Federal Government has registered Strategic Elements as a Pooled Development Fund with a mandate to back Australian innovation. Strategic Elements operates as a ‘venture builder’ where it generates ventures and projects from combining teams of leading scientists or innovators in the technology or resources sectors. Due to the Pooled Development Fund program which Strategic Elements operates under, most shareholders pay no tax on capital gains or dividends. The Company is listed on the ASX under the code “SOR”

Strategic Elements Limited is a Pooled Development Fund (PDF). The Company invests into small and medium sized Australian companies to assist in the development or expansion of the company. The Company's segments are Metals and Materials, and Research & Development. The Company owns Australian Advanced Materials Pty Ltd, which is engaged in developing a memory technology. The technology consists of tiny cube-shaped memory cells with potential to enable memory to be printed in an ink onto a range of materials, such as flexible plastic and glass. The Company also holds investments in Maria Resources Pty Ltd (Maria Resources) and Strategic Materials Pty Ltd (Strategic Materials). Maria Resources owns the Officer project. Strategic Materials owns the Golden Blocks Project in New Zealand. The Company also licensed new Ultraviolet (UV) light transistor-memory combination technology (UVTM), which enables a transistor to have non-volatile memory capacity.