FYI – FYI Assets | Aussie Inventory Boards


Got here throughout this intel on FYI. Lately at 43c.

Battery metals shares are recently taking part in an enormous increase because of the predicted groundswell of call for for Electrical Automobiles.
One lithium inventory has surged over 8,000% this yr.
While lithium shares so far have grabbed the majority of the headlines, there are a variety of alternative a very powerful metals that pass right into a battery, which might be additionally going through drastic provide shortages as the sector transitions from petrol automobiles to electrical.
A kind of battery metals is Top Purity Alumina – or HPA for brief. HPA is outlined as alumina having a grade equivalent or more than 99.99% Al2O3.
The HPA marketplace is recently witnessing dramatic enlargement, forecast to develop to a $4.5BN marketplace by way of 2022.

FYI Assets (ASX: FYI) is a $100M capped inventory positioning itself to be a global magnificence manufacturer of Top Purity Alumina (HPA) from Western Australia.

FYI possesses a high quality aluminous clay (kaolin) useful resource in Western Australia with a 25 yr plus mine lifestyles, a state of the art processing generation to transform the clay into HPA, and powerful economics to deliver its venture into truth.

FYI has plenty of Tier 1 business members very occupied with what the corporate is creating.

The sector’s greatest aluminium corporate Alcoa has signed an MOU and is progressing against a JV as a venture spouse, and the corporate has an $80M financing bundle secured.

Remaining month, FYI and Alcoa effectively finished their collaborative HPA Pilot Plant trial, with the ones trial effects due any day now.

Those effects from this pilot plant are anticipated to be an forthcoming close to time period catalyst.

Earlier manufacturing trials have ended in exceptional high quality HPA, which is recently being assessed by way of attainable offtake events – if FYI can ascertain an offtake settlement, that may be every other catalyst for traders to appear out for.





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