The Alpha HPA Ltd (ASX: A4N) share price is falling today after the company announced an agreement with global materials company Saint Gobain.
The Alpha share price is down 2.8% at the time of writing, trading at 52 cents per share.
Alpha is an Australian based mineral exploration and development company. The company is focused on the Collerina aluminium-nickel-cobalt project in central New South Wales. It operates through the following segments: HPA First Project, minerals exploration in New South Wales, and minerals exploration in Indonesia.
Alpha’s MoU with Saint Gobain
Alpha has signed a memorandum of understanding (MoU) with Saint Gobain for the product evaluation, development and commercial supply of Alpha’s high-purity aluminas and boehmites.
The MoU will essentially result in a wide-ranging partnership, in which Saint Gobain will assist with work across the entirety of Alpha’s product range.
The Alpha share price has been a big mover of late. The company is now focused on producing high-quality surface conditioning, battery materials and crystals in various emerging markets.
Alpha investors may be concerned with the lack of individuality the MoU allows, with intellectual property rights to be potentially shared between the two businesses. Alpha will now work closely on joint product ventures with Saint Gobain’s proprietary aluminium purification technology department.
What is Saint Gobain?
Saint Gobain is listed on the stock markets of London, Frankfurt, Brussels and Amsterdam, among other major European cities. It employs more than 150,000 people for its global manufacturing and materials business.
Its statement of aims includes reducing global emissions and reliance on fossil fuels. The company is interested in the next generation of building materials and sustainable design.
Alpha share price snapshot
The Alpha share price has risen 311% over the past 12 months and is currently at an all-time high of above 50 cents. It has increased rapidly from just 12 cents in May last year and is also up 69% so far in 2021.