MPW – Metal Powder Works Limited
off the boil a bit …. an impressive run, nevertheless
cooking with gas
.
MPW has received firm commitments from sophisticated and professional investors (both offshore and domestically) to raise A$15 million (before costs of the offer) through a share placement priced at $3.50 per share.
Details of the Placement
Institutional Placement to raise approximately A$15 million via the issue of 4.3 million new fully paid ordinary shares at A$3.50 per New Share. The Placement Price represents a:
• 5.1% discount to the last traded price on 4 September 2025 (A$3.69)
• 0.5% discount to the 5-day volume weighted average price (A$3.52)
• 1.1% premium to the 10-day VWAP price (A$3.46)
Investor Presentation out
Multiple contracts and trial programs in motion, with near-term potential to convert into long-term supply agreements
• Target performance achieved by HAMR Industries, UDRI, and many others. Of particular significance, HAMR has achieved: Handbook material property results with cold spray in air with CP-Ti, High Deposition Efficiency with MPW 6061 Aluminum, High IACS (conductivity) in cold spray trials
• Secured powder validation programs with Eaton Corporation and a second international manufacturer, both of whom are among the largest consumers of copper globally
• MPW continues to expand its powder production capabilities in line with customer demand
• Recent wins with Toho (CP-Ti) and Hardchrome (Bronze) demonstrate position in traditional powder metallurgy market
• Developed, shipped, and successfully tested with Hardchrome in 6 weeks. Order received for more powder.
• Total inbound demand signals for CP-Ti ranging from 300,000-600,000 kg from MPW’s current customer base by 2028
• Competitive edge in additive manufacturing market through the production of CuNi, C101, CP-Ti
• Samples of multiple Ti and Al alloys delivered to Titomic Ltd under the Powder Partnership, allowing for the replication of trials completed in Australia, Europe in the USA
• MPW met its powder processing deliverables under its supply contract with global energy leader Westinghouse
• The Company anticipates further satisfactory results from WEC’s LECO oxygen testing.
Use of Funds
1. Scale Production (A$5.0m): Expand production lines and commission additional equipment to lift output, ensuring MPW can fulfil existing orders and capture new contracts as demand accelerates.
2. Sales Expansion (A$3.0m): Build a focused sales and business development team, extend global distribution reach, and deepen penetration into high-growth markets such as additive manufacturing, aerospace, defence, and medical.
3. Powder Development (A$2.0m): Invest in alloy development, pilot trials, and customer-specific R&D programs to broaden MPW’s product suite and secure higher-value applications.
4. Working Capital (A$11.3m): Strengthen liquidity to support raw materials procurement, inventory build, and delivery schedules, and retiring a loan to a related party entity (US$420k) that has been on the balance sheet since 2024 (prior to listing) and on commercial arms length terms.
