FYI – FYI Resources | Aussie Stock Forums

Came across this intel on FYI. Currently at 43c.

Battery metals stocks are currently enjoying a massive boom thanks to the anticipated groundswell of demand for Electric Cars.
One lithium stock has surged over 8,000% this year.
Whilst lithium stocks to date have grabbed the bulk of the headlines, there are a number of other crucial metals that go into a battery, that are also facing drastic supply shortages as the world transitions from petrol cars to electric.
One of those battery metals is High Purity Alumina – or HPA for short. HPA is defined as alumina having a grade equal or greater than 99.99% Al2O3.
The HPA market is currently witnessing dramatic growth, forecast to grow to a $4.5BN market by 2022.

FYI Resources (ASX: FYI) is a $100M capped stock positioning itself to be a world class producer of High Purity Alumina (HPA) from Western Australia.

FYI possesses a high-quality aluminous clay (kaolin) resource in Western Australia with a 25 year plus mine life, a state-of-the-art processing technology to convert the clay into HPA, and robust economics to bring its project into reality.

FYI has a number of Tier 1 industry participants very interested in what the company is developing.

The world’s biggest aluminium company Alcoa has signed an MOU and is progressing towards a JV as a project partner, and the company has an $80M financing package secured.

Last month, FYI and Alcoa successfully completed their collaborative HPA Pilot Plant trial, with those trial results due any day now.

These results from this pilot plant are expected to be an imminent near term catalyst.

Previous production trials have resulted in outstanding quality HPA, which is currently being assessed by potential offtake parties – if FYI can confirm an offtake agreement, that would be another catalyst for investors to look out for.

 

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