Aquirian's Acquisition of Wubin Facility

Aquirian Limited (ASX: $AQN) has successfully completed the acquisition of the 160ktpa Wubin Ammonium Nitrate Facility from Hanwha for A$9.6 million. The facility, strategically located on the northern freight corridor, offers significant growth prospects and expansion possibilities, positioning Aquirian for long-term strategic growth. The acquisition is fully debt-funded by NAB, demonstrating the company's strong financial stability and commitment to strategic expansion.

Aquirian Managing Director's Commentary on Acquisition

We are pleased to announce the acquisition of the Wubin Emulsion Facility, a remarkable milestone for our business. The facility is strategically located, near new and acquired at a cost lower than its replacement value. This acquisition is a key enabler of our technology and energetics strategy. It allows us to offer our customers and partners a more comprehensive range of high-quality products and services. The facility restart is in progress, and we are confident that this acquisition will deliver long-term value to our shareholders.

Summary of Aquirian's Acquisition and Outlook

Aquirian's successful acquisition of the Wubin Ammonium Nitrate Facility marks a significant milestone in the company's strategic growth objectives. The facility's strategic location and expansion possibilities position Aquirian to enhance its earnings profile and offer a more comprehensive range of high-quality products and services to its customers and partners. With the facility restart in progress, Aquirian is optimistic about the long-term value this acquisition will deliver to its shareholders. The acquisition aligns with the company's technology and energetics strategy, creating a unique opportunity for future growth and positioning Aquirian as a key player in the mining services industry.