6K Additive Secures Historic US$27.4 Million EXIM Loan to Accelerate U.S. Manufacturing Expansion.
6K Additive (ASX: 6KA) has received approval for a landmark US$27.4 million loan from the Export-Import Bank of the United States, marking the first coordinated deal between EXIM’s Make More in America Initiative and the U.S. Department of War’s DPA Title III program. Supported by the US$23.4 million DPA grant and A$48 million raised through its IPO, the company now has enhanced financial flexibility to pursue growth beyond its planned fivefold increase in metal powder production at its Burgettstown, Pennsylvania headquarters.
The funding will enable construction of four new buildings and acquisition of advanced equipment for refining titanium, nickel and high-performance alloy powders critical to aerospace, defense and strategic industries. This expansion is expected to create over fifty U.S. jobs and further strengthens 6K Additive’s role in securing domestic supply chains while scaling sustainable, high-quality metal powder manufacturing.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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6K Additive Secures Historic US$27.4 Million EXIM Loan to Accelerate U.S. Manufacturing Expansion.
6K Additive (ASX: 6KA) has received approval for a landmark US$27.4 million loan from the Export-Import Bank of the United States, marking the first coordinated deal between EXIM’s Make More in America Initiative and the U.S. Department of War’s DPA Title III program. Supported by the US$23.4 million DPA grant and A$48 million raised through its IPO, the company now has enhanced financial flexibility to pursue growth beyond its planned fivefold increase in metal powder production at its Burgettstown, Pennsylvania headquarters.
The funding will enable construction of four new buildings and acquisition of advanced equipment for refining titanium, nickel and high-performance alloy powders critical to aerospace, defense and strategic industries. This expansion is expected to create over fifty U.S. jobs and further strengthens 6K Additive’s role in securing domestic supply chains while scaling sustainable, high-quality metal powder manufacturing.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au