DGAP-News: FYI Resources: HPA JV EXCLUSIVE AGREEMENT EXTENSION
FYI Resources Ltd (ASX: FYI) ("FYI" or "the Company") refers to the Company's 90-day Exclusive Agreement dated 5th May 2021 with Alcoa of Australia (Alcoa) regarding a Joint Venture on FYI's HPA project.
- FYI Resources Ltd (ASX: FYI) ("FYI" or "the Company") refers to the Company's 90-day Exclusive Agreement dated 5th May 2021 with Alcoa of Australia (Alcoa) regarding a Joint Venture on FYI's HPA project.
- A JV would leverage off the respective parties' capabilities to create a material global HPA business in the rapidly growing, high tech energy materials sector.
- The short extension is essential to complete the work described above and to facilitate completion of negotiations and drafting of a binding agreement.
- Managing Director of FYI, Mr. Roland Hill commented: "Alcoa and FYI are negotiating a significant opportunity for a unique Joint Venture to leverage our combined strengths to capture opportunities in the high-growth HPA market.