Bauxite mining company ABx Group has secured a $1.5 million share placement for the ALCORE pilot plant, which produces high-value aluminium fluoride.

Combined with a $7.5 million government grant, ALCORE is fully funded.

The company will issue 18.75 million discounted shares with extra options. 
ABx is also considering reorganizing ventures for added shareholder value, given the progress of the ALCORE and rare earth projects.