Next phase of transitionary funding for Nyrstar’s Australian metals modernisation agreed

Australia, 10 June 2026 - International producer of critical and strategic minerals and metals Nyrstar, today announced it has confirmed its next phase of transitionary funding from the Australian, South Australian and Tasmanian Governments to progress its Australian metals modernisation program.

The AUD$105 million package will support Nyrstar Australia to progress feasibility studies for modernising its operations in Hobart and Port Pirie – positioning them to compete in the next generation of global minerals and metals production and continue providing an important sovereign capability for Australia.

The studies will help further define how Nyrstar can expand its production of critical and strategic minerals and metals across its Australian operations, building on the important steps it has already taken to establish Australian commercial production of Antimony metal.

In parallel, the funding will support continued targeted investment in asset integrity, including essential maintenance and reliability programs to underpin ongoing safe and efficient operations that provide security for Australian industry.

Nyrstar Global Chief Executive Officer Guido Janssen said the continued partnership with governments demonstrated the strategic importance of Nyrstar’s Australian operations.

“Advancing these studies is a critical step in finalising the scope of major upgrades needed and pinpointing the investment required to ensure a long-term future for our assets in Port Pirie and Hobart,” Mr Janssen said.

“These sites are central to Australia’s industrial security, and the shared commitment by Nyrstar and the Australian and State Governments of South Australia and Tasmania, is an important step towards strengthening Australia’s sovereign metals processing capability.”

“Recent increased volatility in the global security landscape reinforces the importance of facilities such as ours in maintaining a critical supply of sulphuric acid to a range of Australian manufacturing industries”

“Modernising Nyrstar’s operations is the key to enabling Australia’s expansion into new critical and strategic minerals and metals production, while continuing to deliver essential products that underpin a wide range of industries, including zinc, lead and sulphuric acid.”