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The latest update is out from Alpha HPA Limited ( (AU:A4N) ).
Alpha HPA Limited has completed a fully underwritten A$225 million equity raising via a two-tranche institutional placement, with additional funds to be sought through a non-underwritten share purchase plan for eligible retail investors. Cornerstoned by a A$75 million investment from the National Reconstruction Fund Corporation and supported by major shareholders AustralianSuper and Orica as well as new domestic and global institutions, the capital raising lifts Alpha’s available funding capacity to as much as A$704 million when combined with existing cash and government-backed facilities, bolstering construction and commercialisation of Stage 2 of its HPA First Project and expanding Stage 1 capacity, thereby strengthening its role in semiconductor supply chains and Australia’s critical minerals and advanced manufacturing strategy.
The most recent analyst rating on (AU:A4N) stock is a Hold with a A$0.81 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.
More about Alpha HPA Limited
Alpha HPA Limited is an Australian advanced materials company focused on the production of high purity alumina (HPA) and related products. Positioning itself as the world’s largest single-site HPA manufacturer, the company targets critical supply chains such as semiconductors and other high-tech applications, while developing Australia’s first large-scale sovereign capability in this niche materials segment.
Average Trading Volume: 1,479,063
Technical Sentiment Signal: Buy
Current Market Cap: A$1B
See more data about A4N stock on TipRanks’ Stock Analysis page.