Australian company to produce 10,000 tonnes of mineral critical for AI

Australian company to produce 10,000 tonnes of mineral critical for AI

An Australian government fund will invest $75 million in Alpha HPA, helping it build the world's largest single manufacturing facility for high-purity aluminium materials.

High-purity alumina HPA First Project bags $75 million

AlphaHPA has received a $75 million National Reconstruction Fund Corporation investment toward delivery of its ultra-high purity alumina plant in Queensland, which will supply critical materials for lithium-ion battery manufacturing.Sydney-headquartered high-purity alumina specialist, AlphaHPA has received a $75 million (USD 52.7 million) National Reconstruction Fund Corporation (NRF) investment in the company toward delivery of its HPA First Pr…

Alpha HPA scores $75 million for HPA First Project

The National Reconstruction Fund Corporation (NRFC) has approved a $75 million investment in Alpha HPA, supporting delivery of the HPA First Project in Gladstone, Queensland. The NRFC investment was made as a cornerstone commitment in a $225 million funding round, acting as a catalyst to successfully crowd in a further $150 million from institutional investors, which included ongoing support from Orica Limited & AustralianSuper to complete the r…

Funding boost to drive HPA First development

The National Reconstruction Fund Corporation is investing $75 million to support the delivery of the HPA First project in Gladstone. It will act as the cornerstone investor in a $225 million capital raising set to drive commercialisation of Stage 2 of the HPA First Project, which is under construction, and to unlock further capacity from Stage 1. HPA First proponent Alpha HPA (ASX:A4N) said the NRFC investment acted as a catalyst to successfully…