Our investmentFYI Resources (ASX: FYI)is in the advanced stages of bringing its High Purity Alumina plant into production in WA. This week it strengthened its Environmental, Social and Governance credentials with the appointment of Dr Sandy Chong to the FYI Board. Trillions of dollars per year are now flowing into companies with Environmental, Social and Governance focus - also known as ESG. Auto-makers around the world are now demanding best-in-class ESG battery materials supply as they switch to producing electric vehicles to supply a global population of consumers also demanding ESG. As a key component to lithium-ion batteries, High Purity Alumina demand is experiencing tremendous growth as electric vehicles become increasingly ubiquitous. We think the appointment of a board member with extensive ESG experience is a significant step for our investment in FYI to ultimately sell their product or be acquired. We’ve been investing in the battery metal space for a while and have a very strong track record… Vulcan Energy for lithium (up 3,800%) and Euro Manganese (up 200%) … ultimately we’d like to have every key material input to create a battery within our portfolio - so we have FYI Resources for High Purity Alumina (HPA). And it's only a couple of weeks to go until we hear news about FYI’s joint venture deal with B global player Alcoa... ASX:FYIHaving considered multiple HPA players, FYI stood out given how advanced its project is, attractive project economic metrics, and its strategic relationship with the world’s leading aluminium company (B Alcoa) seeking to also enter the battery space. In January we made our first investment in FYI, topping up further in May following even more attractive metrics out of its updated Definitive Feasibility Study. To date, we’ve been pleased with the progress that FYI continues to make, both on the project and corporate front. Which is why we welcomed last week’s appointment of Dr Sandy Chong to strengthen FYI’s board and ESG credentials. | 
