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Firebird Metals Limited (ASX:FRB)

ALERT: Price-sensitive ASX Announcement for FRB
Current share price for FRB : $0.150 -0.04 (-21.05%)+
Announcement
Release
17 Jul 2026 9:23AM
Price at Release
$0.190
Full Release
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Summary
Firebird Metals Limited has announced the completion of Milestone 1 under the Australian Renewable Energy Agency's (ARENA) Battery Breakthrough Initiative, securing a A$1,000,000 non-dilutive cash payment. The milestone included securing the Australian Demonstration Plant (ADP) site in Osborne Park, placing all major equipment orders, and finalizing a Risk Management Plan. The ADP will be the world's first fully integrated manganese-to-cathode material processing facility outside China, aimed at validating Firebird's proprietary technology and supporting the global battery supply chain. The project is part of Australia's National Battery Strategy, with funding complemented by Firebird's existing cash reserves.
Key Points
  • Firebird Metals Limited received a A$1,000,000 cash payment from the Australian Renewable Energy Agency (ARENA) under the Battery Breakthrough Initiative (BBI).
  • All Milestone 1 deliverables for the Australian Demonstration Plant (ADP) were completed ahead of schedule and within budget.
  • The ADP site in Osborne Park, Perth, Western Australia, is secured and site preparation activities have commenced.
  • All major equipment orders have been placed and confirmed compliant with Australian standards after an inspection in China.
  • A Risk Management Plan for the ADP was completed and accepted by ARENA.
  • Firebird's proprietary technology allows direct processing of manganese concentrate to cathode active materials (CAM).
  • The ADP will be the first advanced manganese battery materials facility of its kind outside China.
  • The project is supported by a $2,000,000 grant from ARENA and is part of the Australian National Battery Strategy.
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.