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FYI Resources Awarded $3 Million Grant by WA Government to Accelerate High Purity Alumina Project Fyi Resources Limited

FYI Resources Awarded $3 Million Grant by WA Government to Accelerate High Purity Alumina Project

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FYI Resources, an emerging critical minerals company, has been conditionally awarded a $3 million grant by the Western Australian (WA) Government through the Investment Attraction Fund. The grant will provide funding to expedite the development of FYI's high purity alumina (HPA) project.

Key Points:

FYI Resources will use the grant to further develop its innovative HPA project.
The grant funding acknowledges the significance of FYI's HPA project to the state of Western Australia.

FYI is currently progressing a small-scale production plant (SSP) at Kwinana, WA, to produce high-quality HPA for qualification by targeted end-users.

The SSP is part of FYI's phased and scalable development pathway towards commercialisation of HPA production.

The grant funding has been allocated under the WA Government's Investment Attraction Fund, which aims to support selected groups that demonstrate innovation, job creation, economic diversity, commercialisation outcomes, and new industry engagement opportunities.

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Details of the grant funding, including project milestones and payment structure, will be finalised upon execution of a Financial Assistance agreement with the State. FYI Resources will also be required to match any grant funding provided by the Investment Attraction Fund.

Premier Roger Cook expressed his support for the grant, stating, "My Government is committed to securing the State's economic prosperity now, and for generations of Western Australians to come. We're driving a strong and diversified economy that delivers secure, quality jobs for the future, and embracing new and innovative industries. "

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