De.mem Expands into Gold Sector with AU$3 Million Core Chemicals Acquisition

De.mem Limited (ASX: DEM) has signed a binding agreement to acquire Core Chemicals Pty Ltd, a Western Australia-based specialty chemicals supplier to the gold mining industry, for AU$3 million. The deal strengthens De.mem’s exposure to the surging gold sector, which recently saw prices surpass US$4,000 per ounce.

Core Chemicals serves 18 gold mining clients, generating about AU$4 million in annual revenue and AU$730,000 in pre-tax profit. The acquisition is expected to deliver significant cross-selling opportunities across De.mem’s existing 15 gold mining clients, plus expansion potential across Eastern Australia and the Pacific. A recent AU$3 million equity placement at AU$0.105 per share supports the acquisition, lifting the company’s pro-forma EBITDA to AU$1.6 million. CEO Andreas Kroell said the merger creates a “one-stop shop” for water treatment and specialty chemicals in Australia’s growing gold mining market.

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