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Alumina giant Alcoa pulled out of its JV with FYI Resources - What now?

Wise-Owl Feb 24, 2023

On Wednesday, FYI Resources (ASX: FYI) announced that its Joint Development partner Alcoa of Australia had elected to withdraw from its advanced High Purity Alumina (HPA) project. Today we look at the fallout and what could be next for FYI.

Big funding decision looming: The catalyst FYI is looking for?

Wise-Owl Jan 25, 2023

In 2023 we are focusing on development stage resource companies that are close to becoming “producers” during this commodities super cycle. Our ~$60M-capped, Wise-Owl critical metals Investment, FYI Resources (ASX:FYI) has a clear pathway to project financing for its innovative high purity alumina (HPA) project.

FYI signs JV with Alcoa - Now free carried into production

Wise-Owl Oct 01, 2021

FYI Resources (ASX:FYI) has today signed the long awaited binding term sheet with Alcoa that essentially free carries FYI into producing high purity alumina.

Institutional investors likely to chase FYI after MSCI inclusion

Finfeed Archived May 17, 2021

FYI Resources has been added to the MSCI Australia Micro Cap Index, bringing it under the eye of global institutional investors

We are now Holding FYI for the Long Term

Catalyst Hunter May 13, 2021

Today we are pleased to announce that our early stage investment in FYI Resources (ASX: FYI) has now de-risked its project enough to progress to the wise-owl.com portfolio as a longer term hold.

FYI’s HPA project now worth more than US$1 billion

Finfeed Archived Mar 31, 2021

FYI Resources (ASX: FYI) has released an updated definitive feasibility study (DFS) in relation to its high purity alumina (HPA) project.

FYI impresses Alcoa, a likely near term offtake partner

Finfeed Archived Feb 11, 2021

FYI Resources (ASX: FYI) has delivered analytical results indicating more than 99.998% Al2O3 purity was achieved in a HPA pilot trial