Alpha HPA achieves major funding milestone

Alpha HPA (ASX:A4N) has finalized a $400 million debt funding package to support the advancement of Stage 2 of its HPA First Project. The Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA) are each providing $200 million. This funding will enable the construction of the world's largest facility for high purity aluminium materials.

Outlook for Alpha HPA's HPA First Project

Alpha HPA has secured a $400 million funding package to advance Stage 2 of its HPA First Project, positioning it to construct the world's largest facility for high purity aluminium materials. The funding from NAIF and EFA is structured into a $320 million Construction Facility and an $80 million Cost Overrun Facility. The project is expected to bolster Australia's role in the critical minerals sector by supporting markets such as semiconductors and lithium-ion batteries. With governmental endorsements and the commencement of construction, Alpha HPA aims to leverage its proprietary technology to achieve purity levels over 99.99%, aligning with Australia's regional resilience and economic security priorities.

Executive insights on Alpha HPA's funding achievement

This funding package is pivotal in advancing our HPA First Project to the next phase, enabling us to establish a world-leading facility in high purity aluminium materials production. The support from NAIF and EFA underscores the project's strategic importance to Australia’s critical minerals sector and its alignment with national economic goals.