Alpha HPA Limited (AU:A4N) has released an update.
Alpha HPA Limited has confirmed a Final Investment Decision on Stage 2 of their HPA First Project, supported by a positive Definitive Feasibility Study and substantial financing arrangements, including a A$320 million project debt facility and A$120 million from an equity placement. The project, which is set to commence construction mid-2024, promises to establish the company as a key supplier of specialty materials to technology sectors such as semiconductor and LED lighting, with construction expected to begin in 2024 and first production aimed for the first half of fiscal year 2027.
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