This was announced by FYI only 3 weeks ago in the quarterly :
"Highlights
• FYI and Alcoa continue to progress HPA project development
• Kwinana, WA location selected for small-scale HPA production and demonstration site
• FID supporting work progresses
• Joint Venture operational and business readiness agreements being prepared
• Increased joint HPA product marketing program continues
• Downstream HPA battery anode architecture studies advance with positive testwork
• FYI continues to assess critical mineral opportunities
• Outstanding ESG progress with FYI’s inclusion into United Nations Global Compact"
Given today's ann, surely this is a clear-cut case of misleading the market ?
"JV ... agreements being prepared"
Surely the ASX should issue a "please explain" regarding this very recent advice/update ? Is it reasonable to think that FYI had absolutely no idea 3 weeks ago that Alcoa was about to pull the plug ?
All IMHO, DYOR
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- Ann: FYI Resumes Control of HPA Project
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