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  • Alpha HPA (A4N) has flagged plans to build a precursor production facility shortly after entering a trading halt, with details on an upcoming capital raise still to come
  • The facility is set to fast-track cashflows and accelerate production at its HPA First Project and tipped to produce more than 200 tonnes per annum of aluminium precursors to the global market
  • Commercial production is expected to commence in the third quarter of 2022
  • Details regarding the associated capital raise have not yet been made to market
  • Prior to the trading halt — which is expected to end no later than June 3 — Alpha HPA shares last traded at 62 cents.

Alpha HPA (A4N) has flagged plans to build a precursor production facility shortly after entering a trading halt, with details on an upcoming capital raise still to come.

The ASX-lister advised company shares would remain in a trading halt until Thursday June 3, when further information on the capital raise and a material development were set to be made to the market.

A4N has since then unveiled plans to construct the facility for its suite of high-purity aluminium (HPA) precursor products, which is tipped to produce more than 200 tonnes per annum of aluminium precursors to the global market.

According to the company, the move will allow it to fast-track cashflows and accelerate production at its HPA First Project. It will also aid in establishing the company as a reputable supplier of HPA products.

Commercial production is expected to commence in the third quarter of 2022.

At this stage, A4N has not yet indicated how much it is looking to raise for an associated capital raising.

Prior to the trading halt, Alpha HPA shares last traded at 62 cents.

A4N by the numbers
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