Australia grants loans to Alpha HPA, Renascor for critical minerals projects

Renascor Resources

17/04/2024 04:04

April 17 (Reuters) - Alumina producer Alpha HPA  A4N.AX 
and graphite producer Renascor Resources  RNU.AX  will receive
aggregate A$585 million ($375.63 million) in loans from the
Australian government under its critical minerals strategy.
    Under the government's A$4 billion Critical Minerals
Facility, Alpha HPA will receive A$400 million to develop a
construction facility, while Renascor will get A$185 million for
its anode material manufacturing operations, the companies said
in separate filings on Wednesday.

($1 = 1.5569 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi
Aich)
 ((Roshan.Thomas@thomsonreuters.com;))