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04.07.2025 18:24:53

EQS-Adhoc: AMAG Austria Metall AG: Memorandum of Understanding signed to conclude a new electricity contract for the Alouette smelter

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.


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: investorrelations@amag.at
Website: www.amag-al4u.com

 



End of Inside Information

04-Jul-2025 CET/CEST News transmitted by EQS Group. www.eqs.com


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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