EQS-Ad-hoc: AMAG Austria Metall AG / Key word(s): Letter of Intent
AMAG Austria Metall AG: Memorandum of Understanding signed to conclude a
new electricity contract for the Alouette smelter
04-Jul-2025 / 18:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group.
The issuer is solely responsible for the content of this announcement.
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Ranshofen, 04 July 2025
AMAG Austria Metall AG: Memorandum of Understanding signed to conclude a
new electricity contract for the Alouette smelter
The shareholders of the Canadian aluminium smelter "Aluminerie Alouette
Inc." (Alouette), in which AMAG Austria Metall AG (AMAG) holds a 20%
stake, the government of the Canadian province of Québec and the
state-owned electricity provider Hydro-Québec have today agreed on key
framework conditions for a new long-term electricity contract. A
Memorandum of Understanding (MoU) has been signed, on the basis of which
the contract is now being finalised.
The new electricity contract should enable the purchase of 1,085 MW from
01 January 2030 to 31 December 2045. As defined in the current electricity
contract, the electricity price depends on the price of aluminium and the
Midwest premium (risk-sharing contract). The conditions set out in the
Memorandum of Understanding therefore guarantee Alouette's long-term
energy supply at competitive prices.
By concluding a new electricity contract, Alouette is committing itself,
among other things, to making investments in the coming years that will
support the sustainable and profitable development of the company.
Alouette is the largest smelter in the Americas with a total annual
capacity of over 620,000 tonnes of primary aluminium.
Investor contact
Christoph M. Gabriel
Head of Investor Relations and Issuer Compliance
AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen, Austria
Tel: +43 (0) 7722-801-3821
Email: (1)investorrelations@amag.at
Website: www.amag-al4u.com
End of Inside Information
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04-Jul-2025 CET/CEST News transmitted by EQS Group. www.eqs.com
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Language: English
Company: AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen
Austria
Phone: +43 7722 801 0
Fax: +43 7722 809 498
E-mail: investorrelations@amag.at
Internet: www.amag-al4u.com
ISIN: AT00000AMAG3
WKN: A1JFYU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 2165590
End of Announcement EQS News Service
2165590 04-Jul-2025 CET/CEST
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References
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1. mailto:investorrelations@amag.at
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