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Calix Ltd. ( (AU:CXL) ) has issued an announcement.
Calix has completed the first milestone under its ARENA grant for the Zesty Green Iron Demonstration Project, triggering an initial A$2m payment. This follows a A$3m payment from Rio Tinto in December 2025 and is part of a broader funding framework that includes a further A$42.9m in potential ARENA payments and more than A$32m in cash and in-kind contributions from Rio Tinto, all contingent on future project milestones.
The milestone was achieved on schedule and reflects both commercial and technical progress in the development of Calix’s Zesty green iron technology. The funding support from ARENA and Rio Tinto strengthens Calix’s financial position for advancing low‑carbon iron production, reinforcing its role in decarbonising heavy industry and underscoring growing institutional backing for its core process technology.
The most recent analyst rating on (AU:CXL) stock is a Sell with a A$0.64 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.
More about Calix Ltd.
Calix Limited is an Australian environmental technology company focused on industrial decarbonisation and sustainability. Its patented platform enables indirect heating of raw materials for efficient, flexible and renewably powered metals and minerals processing, while also capturing unavoidable industrial emissions across cement, steel, magnesia, alumina, critical minerals and carbon removal sectors.
Average Trading Volume: 913,670
Technical Sentiment Signal: Sell
Current Market Cap: A$146.7M
Find detailed analytics on CXL stock on TipRanks’ Stock Analysis page.