Advanced Energy Minerals Ltd (ASX:AEM)

The document is an investor presentation from Advanced Energy Minerals Ltd (AEM) dated March 2026, highlighting their advancements in producing high purity alumina (HPA) at their Cap-Chat Plant in Quebec, Canada. AEM is on track to expand their production capacity to 6,000 tonnes per annum (tpa) by 2029, following a staged expansion plan. The company utilizes a proprietary process that benefits from renewable energy, resulting in one of the lowest carbon footprints in the industry. The presentation underscores the economic robustness of the Stage 2 Expansion Project, which projects an EBITDA ranging from USD 47.1 million to USD 85.2 million per annum once full production is achieved. AEM's focus on innovation is supported by their Montreal Technology Development Centre, which aids in product development and process optimization. The company has outlined a strong customer pipeline, particularly in markets like semiconductors and advanced ceramics, leveraging the global demand for HPA. Significant plans include the completion of a dedicated 3N5 circuit by mid-2026, which will increase production capacity by 1,000 tpa.