VBX Secures A$10M Prepayment Deal with thyssenkrupp for Australian Bauxite Project Development

Published: Jul 1, 2026 18:39

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[SMM Aluminum Express News] VBX Limited has secured an indicative term sheet with thyssenkrupp Materials Trading Asia for a A$10 million prepayment and offtake facility to support development of its Wuudagu Bauxite Project in Western Australia. The proposed financing provides upfront funding in exchange for future bauxite supply, although the indicative term sheet is non-binding and may be terminated by either party if definitive agreements are not executed by 31 July 2026.

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