Metal Logic purchases Pilbara site for modular clean steel smelter deployment

The acquisition is for approximately 1,000 hectares of tenements. The site is for Metal Logic's first industrial-scale deployment of its modular, scalable array smelting technology at an initial capacity of one million tonnes per annum (1Mtpa). The acquisition includes a mining lease and a site for smelting of materials. The first modules for the smelter are expected to be ready for site deployment toward the end of H1 CY26. Metal Logic's production facility for modular units is in Victoria. The initial product focus is rebar for the construction sector. Quotes: - "approximately 1,000 hectares of tenements" - "initial capacity of one million tonnes per annum (1Mtpa)" - "The acquisition of these strategically located tenements include a mining lease and a site for smelting of materials" - "first modules ready for site deployment toward the end of H1 CY26." - "manufactured from the company's production facility in Victoria" - "The company's Australian-manufactured modular smelting units are designed to be shipped to site and deployed progressively" - "Metal Logic's initial product focus is rebar for the construction sector"