Government · 2 deals
Every published round Northern Australia Infrastructure Facility took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Hastings Technology Metals | Venture debt | 3 Feb 2022 | $140m | Lead | RenewEconomy, @AuManufacturing | |
| Genex | Venture debt | 18 Jul 2019 | ≤$610m | Lead | RenewEconomy (Wed 24 Mar 2021), @AuManufacturing, RenewEconomy (Thu 11 Jul 2019) |
Companies Northern Australia Infrastructure Facility has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Genex | 18 Jul 2019, Venture debt | 1 | 1 | |
| Hastings Technology Metals | 3 Feb 2022, Venture debt | 1 | 1 |
Fund closes reported for Northern Australia Infrastructure Facility, as distinct from the investments it has made.
Companies Northern Australia Infrastructure Facility has backed that another company then bought. An exit for the holding, not a deal Northern Australia Infrastructure Facility did.
| Name | Role | Sources |
|---|---|---|
| Laurie Walker | CEO | @AuManufacturing, RenewEconomy |
Stories naming Northern Australia Infrastructure Facility. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Quarterly update on Arafura Rare Earths' Nolans project in the Northern Territory: construction advances despite falling NdPr prices, with an initial $6 million grant instalment received and larger debt support still pending.
Roundup of manufacturing news: Vaxxas secures CEPI funding and a CRC-P grant, Hastings gains an increased NAIF loan, Bio-Gene receives an R&D tax incentive, plus jobs data and a skills consultation.
Climate Energy Finance analysts review Australian federal and state programs backing critical minerals projects, covering government grants, low-cost loans, new budget funds and the private equity raises and debt facilities they catalysed.
Hastings Technology Metals' Yangibana rare earths project in Western Australia has received a $140 million Northern Australia Infrastructure Facility loan, positioning it to become the state's second major critical metals producer.
Also RenewEconomy
ARENA has committed up to $47 million in conditional funding for Genex Power's Kidston pumped hydro storage project in north Queensland; the $777 million project also holds NAIF debt approval and EnergyAustralia as offtake partner.
Also RenewEconomy·@AuManufacturing·Startup Daily·RenewEconomy
Genex will fund the Kidston pumped hydro project through a $115 million share issue after an equity partner deal collapsed, supplemented by a $47 million ARENA grant and an existing NAIF loan.
The federal NAIF has reached contractual close on a $24 million loan to Signature Onfarm for a beef processing facility and worker accommodation near Clermont in Central Queensland.
Australia's northern infrastructure agency has approved concessional debt covering all financing for Genex's Kidston pumped hydro and solar project, with a Japanese partner taking equity and an earlier solar raise recalled.