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Frontier Energy Limited (ASX:FHE)

ALERT: Price-sensitive ASX Announcement for FHE
Current share price for FHE : $0.210 0.025 (13.51%)+
Announcement
Release
31 Jul 2026 8:20AM
Price at Release
$0.185
Full Release
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Summary
Frontier Energy Limited's June 2026 Quarterly Activity Report and Appendix 4C highlights progress on their Waroona Renewable Energy Project. The company secured credit-approved commitments for up to $280 million in project finance debt facilities from Natixis CIB and Sumitomo Mitsui Banking Corporation for the construction and operation of Stage One, which includes a 132MW solar facility and an 81.5MW battery energy storage system. Frontier completed a $110 million equity capital raising and has begun early works and procurement for the project. They successfully applied for the Australian Government's Capacity Investment Scheme, ensuring a minimum revenue level till 2042. Energy prices in Western Australia have risen significantly, benefiting Frontier's financial outlook. Frontier also executed a loan agreement to fund project costs and reported a cash balance of $8 million as of 30 June 2026.
Key Points
  • Frontier Energy Limited progresses with Waroona Renewable Energy Project.
  • Secured up to $280 million in project finance debt facilities.
  • Completed $110 million equity capital raising.
  • Began early works and procurement for Stage One.
  • Successful application for the Capacity Investment Scheme.
  • Energy prices in WA rose by 31%, benefiting Frontier.
  • Executed a loan agreement for project funding.
  • Reported a cash balance of $8 million as of 30 June 2026.
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.