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Pure Alumina 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.

Pure Alumina heads to Toronto to buy Canadian HPA company Pure Alumina heads to Toronto to buy Canadian HPA company Pure Alumina heads to Toronto to buy Canadian HPA company Pure Alumina heads to Toronto to buy Canadian HPA company Pure Alumina 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.