{australien_flagge}In its first quarterly report following the termination of its collaboration with Alcoa, FYI Resources (ASX: FYI; FRA: SDL) has once again underlined the high added value of the expired collaboration. A “$15-million investment in technology development” had been made, it said, which led to numerous process improvements and optimizations.
{australien_flagge}In its first quarterly report following the termination of its collaboration with Alcoa, FYI Resources (ASX: FYI; FRA: SDL) has once again underlined the high added value of the expired collaboration. A “$15-million investment in technology development” had been made, it said, which led to numerous process improvements and optimizations.
When additional product samples were produced in the pilot plant over a 17-day period, the optimized production flow had recently resulted in a 15 percent higher yield of high-purity HPA. FYI notes that the company will retain all project data, information, intellectual property, customer lists and related assets of its core technology. Alcoa had previously stated in its public announcement that its “work with FYI has demonstrated the merits of the process to produce high-purity alumina.” Meanwhile, the final formal separation is still pending: Once all commercial and legal aspects of the joint development project (JDP) are completed, FYI and Alcoa will sign a release statement that will formally end the collaboration with Alcoa, the quarterly report says.
FYI plans to announce the new schedule for the HPA development shortly, with project details and timelines for a small production facility. This plant will incorporate process improvements and optimizations made over the past 18 months, including lessons learned from ongoing product commercialization and customer contacts.
Potential customers are in the sapphire glass, LED, micro-LED and electric vehicle (battery components) industries. FYI expects to develop additional niche markets as HPA becomes an increasingly important and sought-after product in the critical minerals sector.
The company’s cash balance at the end of the March quarter was A$9.1 million, down from A$10.1 million in the previous quarter.
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