HPA first process uses company’s proprietary licensed solvent extraction and refining technology and a feedstock blend of readily available industrial products rather than acid leach solution from the projects ore. The alternate feedstock delivers aluminum tenor multiples times higher.
HPA First process is a far simpler process. It is significantly cheaper in opex and capex.
This is a revolution in developing HPA. This will change the HPA market & the traditional method of extracting HPA from in the ground/ore is ancient history.
I dont think the market understands the significance of what they have discovered. They are only raising $4m which goes to current shareholders. I suspect the CAPEX will be covered by an offtake HPA buyer. As the OPEX is so much less, they can swamp the market with their HPA. Traditional HPA producers will not be able to compete on price. I feel a bit sorry for investors in Altech.
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