Alpha HPA Completes Installation of Solvent Extraction Modules at Queensland HPA Project

MT Newswires Live

Apr 30

Alpha HPA (ASX:A4N) said the installation of major solvent extraction modules is complete, with piping tie-ins underway for Stage 2 of its HPA First Project in Queensland, according to a Thursday Australian bourse filing.

The company said Stage 1 remains at full capacity to service sales and qualification test orders, with the first process changes for a Stage 1 capacity increase successfully implemented.

Sapphire sales to the sapphire optics sector continued over the March quarter, with expanded sapphire wafer orders to support gallium nitride-on-sapphire. semiconductor qualification, the filing added.

The company said it has secured an equity cornerstone of AU$75 million from the National Reconstruction Fund.

The company's shares fell past 2% in recent Thursday trade.

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