InvestSMART

Metals Australia Ltd (ASX:MLS)

ALERT: Price-sensitive ASX Announcement for MLS
Current share price for MLS : $0.019 -0.001 (-5%)+
Announcement
Release
28 Apr 2026 8:19AM
Price at Release
$0.020
Full Release
download
Summary
Metals Australia Ltd has announced a plan to develop a Battery Anode Material Refinery in Quebec, Canada, as part of its Quebec Anode Project. The project is designed to produce over 51,000 tonnes of high-purity Battery Anode Material annually for 25 years. It boasts a pre-tax NPV of $2.05 billion USD and an IRR of 25.6%, with a total CAPEX of $883.8 million USD and a payback period of 4.5 years. The refinery will be situated in Baie-Comeau, Quebec, capitalizing on the region's logistical advantages. The project benefits from significant tax credits and will move to a Final Feasibility Study phase, aligning with Canada's critical minerals strategy.
Key Points
  • The Quebec Anode Project aims to develop a Battery Anode Material (BAM) Refinery in Quebec, Canada.
  • The project is expected to produce over 51,000 tonnes of high-purity BAM products annually over a 25-year lifespan.
  • Pre-tax Net Present Value (NPV) of the project is projected at $2.05 billion USD, with an Internal Rate of Return (IRR) of 25.6%.
  • Total Capital Expenditure (CAPEX) is estimated at $883.8 million USD, with a payback period of 4.5 years.
  • The project includes three production modules with a combined capacity to transform 75,000 tonnes per annum of graphite concentrate.
  • The BAM Refinery is planned to be located in Baie-Comeau, Quebec, due to significant freight advantages and existing infrastructure.
  • The project will benefit from the Clean Technology Manufacturing Investment Tax Credits of up to 30%, equating to a forecasted $263M USD.
  • The project will advance directly to the Final Feasibility Study stage, expected to occur through 2026 and 2027.
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.