EGR in * this am…
FYI RESOURCES (ASX:FYI)Market Cap: $60m
FYI has been all in on HPA since 2017 and is now one of the most advanced and knowledgeable stocks in the sector.
An April 2021 DFS – the most advanced of project studies – on its namesake 9,000tpa project revealed some impressive numbers:
It has since inked a JV deal with Alcoa, whereby the world’s biggest alumina produce can acquire 65% of the project by spending $US243m on project development.
A final investment decision is expected in December. After that, a demonstration facility would be constructed.
All going well, the construction of a full-scale plant will kick off in 2023.
But there’s a bonus: FYI has been working with fellow WA project developer EcoGraf (ASX:ECG) on a HPA coated anode, which Roly Hill says is “exciting” and “coming along very nicely”.
