Calix Signs $35m Development Agreement with Rio Tinto for Zesty Green Iron Demonstration Plant
Small Caps·2025-11-17 02:40
Calix (ASX: CXL) has made a significant breakthrough in its plans to develop a local green iron industry, with the signing of a $35 million joint development agreement (JDA) with Rio Tinto (ASX: RIO).Rio Tinto is providing a combination of $8m in cash and further in-kind contributions towards the development of Calix’s Zero Emissions Steel Technology (Zesty) demonstration plant in Kwinana, Western Australia.The JDA includes the potential for Rio Tinto to provide up to 10,000 tonnes of a range of Pilbara iro ...