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Calix Limited (ASX:CXL)

ALERT: Price-sensitive ASX Announcement for CXL
Current share price for CXL : $0.315 -0.365 (-53.68%)+
Announcement
Release
16 Mar 2026 8:35AM
Price at Release
$0.680
Full Release
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Summary
Calix Limited has successfully completed the first milestone under the ARENA grant agreement for the Zesty Green Iron Demonstration Project, which has resulted in a $2 million cash payment. This is part of a larger $44.9 million grant agreement, with $42.9 million still outstanding, contingent upon future project achievements. The project also involves a significant partnership with Rio Tinto, from whom Calix received a $3 million payment in December 2025, with over $32 million in cash and contributions still pending under a Joint Development Agreement. Calix's technology centers on indirect heating for efficient, renewable processing of metals and minerals, advancing the company’s objective of industrial decarbonization and sustainability.
Key Points
  • Calix Limited completes first ARENA grant milestone for Zesty.
  • This milestone triggers a $2 million cash payment from ARENA.
  • The project is known as the Zesty Green Iron Demonstration Project.
  • A total of $42.9 million in further ARENA grant payments remain pending.
  • Calix received a $3 million payment from Rio Tinto in December 2025.
  • Over $32 million remains outstanding from Rio Tinto under a Joint Development Agreement.
  • Calix's core technology involves indirect heating for renewably powered processes.
  • The project remains on schedule with technical and commercial progress.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.