Alpha HPA (ASX:A4N) is advancing commercialization activities at its unit, Alpha Sapphire, which converts high-purity alumina into monocrystalline, synthetic sapphires, according to a Wednesday filing with the Australian bourse.
The unit is currently marketing its sapphire product for use in optics, light-emitting diodes, and gallium-nitride-on-sapphire semiconductors, the filing said.
The Alpha Sapphire project's funding facility for a proposed plant will be available until Sept. 30, 2025, subject to a final investment decision by June 30, 2025, per the filing.
The company's shares were down 5% in recent Thursday trade.
Price (AUD): $0.94, Change: $-0.05, Percent Change: -5.07%
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