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CALIX LIMITED — Capital/Financing Update 2025
Sep 17, 2025
64736_rns_2025-09-17_2f3fca98-4a43-474c-9a1d-081f54af7e4d.pdf
Capital/Financing Update
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18 September 2025
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Calix signs MOU, material testing and engineering study agreement with global aluminium major -
Clarification
Sydney, Australia | 18 September 2025 – Australian environmental technology company, Calix Limited (ASX: CXL) (“Calix”) refers to its “Calix signs MOU, material testing and engineering study agreement with global aluminium major” announcement lodged on the 3 September 2025 and provides the following information on the counterparty and intended timeline in response to a question raised by the ASX.
The counterparty is a leading well established global aluminium major with a strong balance sheet. The counterparty is considered to have significant financial capacity and operational scale, providing confidence in its ability to perform under the agreement.
Calix confirms that it does not consider the identity of the counterparty to be information that a reasonable person would expect to have a material effect on the price or value of its securities and that this announcement contains all material information relevant to assessing the impact of the contract on the price or value of its securities and it not misleading by omission.
The material testing program and pre-FEED study are expected to deliver over AU$1.0M in revenue to Calix, with receipts expected to commence in the current financial year and be received in tranches across the project milestones over approximately 12-18 months.
The agreement is subject to the usual rights of termination for non-performance and there is no other material information regarding the agreement which is relevant to assessing the impact of the agreement on the price or value of the Company’s securities.
–ENDS–
This announcement has been authorised for release to the ASX by the Board of Calix Limited.
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About Calix
Calix Limited (ASX: CXL) is a technology company creating businesses that solve global challenges in industrial decarbonisation and sustainability.
Calix’s patented core platform technology is being developed for indirect heating of raw materials to enable efficient, precise, flexible and renewably powered metals and minerals processing and capture of unavoidable industrial emissions.
Calix is applying its core technology to the cement, steel, magnesia, alumina, critical minerals and direct air capture industries.
Leveraging its core platform technology and a global network of partners, Calix is urgently developing multiple businesses that deliver positive global impact. Because there’s only one Earth.
Mars is for quitters.
For more information:
Phil Hodgson Darren Charles Christineh Grigorian Managing Director and CEO CFO and Company Secretary Investor Relations Manager