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6K Additive, Inc (ASX:6KA)

ALERT: Price-sensitive ASX Announcement for 6KA
Current share price for 6KA : $0.730 0.01 (1.39%)+
Announcement
Release
2 Oct 2026 9:56AM
Price at Release
$0.720
Full Release
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Summary
6K Additive, Inc. announced it has executed a final US$27.4 million secured loan agreement with the Export-Import Bank of the United States (EXIM) to fund the expansion of its Burgettstown, Pennsylvania manufacturing capacity for critical metal powders used in aerospace, defense, space, energy and advanced industrial applications. The six-year facility, approved under EXIM’s Make More in America Initiative and coordinated with the U.S. Department of War’s Defense Production Act Title III initiative, is available for drawdown through 30 June 2028 and includes an initial 12-month interest-only period followed by five years of amortising principal repayments. The loan carries a fixed Commercial Interest Reference Rate to be set shortly before first disbursement, with the current published rate at 5.38%, and comprises up to US$25.2 million for eligible project costs plus up to US$2.2 million for EXIM exposure fees, implying an approximate all-in annual borrowing cost of 6.86% at current rates. The funding will reimburse and support spending on equipment, infrastructure, four new buildings and additional advanced manufacturing equipment to increase domestic production of nickel, titanium, tungsten, C-103, refractory and other advanced powders made using 6K Additive’s UniMelt technology, strengthening secure U.S. supply chains and supporting the company’s long-term growth strategy.
Key Points
  • 6K Additive executed a final US$27.4 million EXIM secured financing facility.
  • The loan supports expansion of the Burgettstown, Pennsylvania manufacturing site.
  • Funding will be used for equipment, infrastructure, four new buildings and advanced manufacturing capability.
  • The facility has a six-year term with drawdown available through 30 June 2028.
  • The loan includes 12 months of interest-only payments followed by five years of amortising principal repayments.
  • The fixed CIRR will be determined five business days before first disbursement and the current published rate is 5.38%.
  • Up to US$25.2 million is for eligible project costs and up to US$2.2 million covers the EXIM exposure fee.
  • The approximate all-in annual borrowing cost is 6.86% at current published rates.
  • The financing was approved under EXIM’s Make More in America Initiative in coordination with the U.S. Department of War’s Defense Production Act Title III initiative.
  • The expansion is intended to increase domestic production of titanium, tungsten, C-103, nickel alloys and other advanced metal powders using UniMelt technology.
  • The company said the agreement supports secure and resilient U.S. supply chains for aerospace, defense, space, energy and advanced manufacturing applications.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.