FYI Resources’ (ASX:FYI) Board Members to Exercise FYI Options to Raise ~$238.5k

November 24, 2020 11:38 AM AEDT
Team Kalkine

FYI Resources Limited (ASX:FYI) has recently updated that the Company’s Board members have agreed to exercise their FYI options, which are due to expire on the 26th November 2020 to raise a total amount of $238,500.

It is imperative to note that the Company’s Board is fully committed in endorsing FYI’s HPA (high purity alumina) development pathway that has already led to exceptional market results culminating in the release of a remarkable DFS (definitive feasibility study) in March 2020.

FYI has attracted significant Tier 1 support by:

securing an $80m equity financing commitment through GEM Global Yield LLC SCS
the signing of an MOU with Alcoa of Australia Limited for the potential joint development and commercialisation of its HPA project

FYI shares are trading at $0.245 as at 10:59 AM AEST.

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