Alpha HPA and Renascor score A$585m in loans for critical minerals projects

Australian Prime Minister Anthony Albanese on Wednesday announced the federal government’s support for two critical minerals projects in Queensland and South Australia, a move aimed at fostering local manufacturing and creating jobs.

Alpha HPA is set to receive A$400-million in new loans to establish Australia’s first high-purity alumina processing facility in the key economic hub of Gladstone. Concurrently, Renascor Resources is set to benefit from a A$185-million loan to propel its Siviour graphite concentrator facility in the Eyre Peninsula.