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Braidy Industries and Rusal get Board approvals to partner and build US mill

HARBOR FIRST.

HARBOR has learned that the respective Boards of Directors of Braidy Industries and UC Rusal have approved Rusal's $200 million lead investment in Braidy Atlas and a ten-year contract for around 2.0 million mton of its low-carbon primary aluminum ALLOW brand. As specified in a Letter of Intent (LOI) signed a month ago, Rusal will invest $200 million, obtain a 40% share in the Braidy Atlas mill, and become its exclusive supplier of primary aluminum, by providing around 2.0 million mton of its low-carbon primary aluminum ALLOW brand, over a period of ten years.

More details in full report.