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The grant recognises the importance of FYI’s project to the state of WA and will support the continued development of the company’s strategy to become a supplier of high-quality HPA.
Hill said: “We are very pleased to receive selection confirmation for funding by the Western Australian Government under the IAF scheme.
“The grant will allow us to continue the development of the HPA project and the advanced and innovative technologies.
“FYI has demonstrated the technical viability of the HPA project and is now setting about demonstrating its commercial potential.
“FYI is at a crucial step in positioning as a sustainable, integrated HPA producer and the IAF funding will contribute significantly to accelerate the project development."
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