With financing secured, Alpha HPA greenlights Stage 2 project

Australian critical minerals company Alpha HPA on Monday announced a final investment decision for the second stage of its high-purity alumina (HPA) refinery in Gladstone, Queensland, on the back of a positive definitive feasibility study (DFS) and securing A$520-million for the development.

The financing comprises A$320-million credit, along with a A$80-million cost overrun, from government agencies and a fully underwritten institutional placement of A$120-million.