Alpha HPA secures $30 million from QCMBTF
Queensland's critical minerals fund, run by QIC, has provided aluminium chemicals maker Alpha HPA with $30 million under royalty deed agreements, funding its Gladstone expansion project.
Company
Gladstone, QLD
Every investor coverage indicates participated in a round Alpha HPA raised.
Companies Alpha HPA acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Annie Liu | Non-Executive Director | @AuManufacturing |
| Rimas Kairaitis | Managing Director | @AuManufacturing (10 Oct 2024), @AuManufacturing (3 May 2024), @AuManufacturing (28 Sep 2023), @AuManufacturing (5 Apr 2023) |
| Rob Williamson | Managing Director | @AuManufacturing |
| Lisa Roobottom | GM Manufacturing Support | @AuManufacturing |
| Matthew Callanan | GM Manufacturing | @AuManufacturing |
| Norman Seckold | Chairman | @AuManufacturing |
Stories naming Alpha HPA. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Queensland's critical minerals fund, run by QIC, has provided aluminium chemicals maker Alpha HPA with $30 million under royalty deed agreements, funding its Gladstone expansion project.
Alpha HPA's Gladstone plant is producing battery precursor chemicals weekly while it advances a $550m alumina facility; it also received a $14.85m federal manufacturing grant milestone payment in September.
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Alpha HPA's Gladstone high purity alumina plant upgrade, backed by a $15.5 million federal government grant, is nearly complete, with commissioning expected by end of October 2023 and Stage 2 project financing advancing.
Alpha HPA's subsidiary Alpha Sapphire has struck a funding deal worth as much as $30m with QIC's minerals and battery technology fund to speed a sapphire production rollout in Gladstone.
Alpha HPA has received Queensland government support of up to $21.7 million for Stage 2 of its Gladstone high-purity alumina plant, adding to earlier federal grants of $15.5 million and $45 million.