Alpha HPA Raises A$225m to Scale Up High-Purity Alumina for Semiconductor Demand

Alpha HPA Limited ( (AU:A4N) ) has shared an update.

Alpha HPA has launched a fully underwritten A$225 million institutional placement at A$0.75 per share, alongside a share purchase plan for existing investors, to fund the construction and commercialisation of Stage 2 of its HPA First Project and to unlock further capacity from Stage 1. With cornerstone participation of A$75 million from the government-backed National Reconstruction Fund Corporation and strong support from major shareholders including Orica and AustralianSuper, the raise will leave Alpha with up to A$664 million in available funding lines, underpinning its progression to what it says will be the world’s largest single-site HPA manufacturing facility and strengthening its balance sheet to meet surging demand from the semiconductor and data-centre sectors.

The most recent analyst rating on (AU:A4N) stock is a Hold with a A$0.88 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 producing high-purity alumina (HPA), a critical material used in the semiconductor supply chain, particularly for thermal management at the chip level in data centres and advanced semiconductor manufacturing. Through its HPA First Project, the company is targeting large-scale, sovereign production capacity to serve rapidly growing technology and energy-transition sectors where demand is currently outstripping its initial Stage 1 capacity.

Average Trading Volume: 1,440,724

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.03B

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