The Lane Report

Braidy Industries updates progress of $1.6B Eastern Kentucky aluminum mill and status of finance offering

With lightweighting vehicle and aerospace sectors committed to buy its entire output the next 7 years, commercial mill operation slated to begin in 2021

ASHLAND, Ky. — Braidy Industries reports having spent $15.7 million on the construction of its Braidy Atlas aluminum rolling mill in Greenup and tells federal financial oversight entities it remains on schedule to meet its anticipated target of bringing the mill to full commercial operation in 2021.

Braidy posted information on its Netcapital equity offering page on Nov. 12, Dec. 28 and Dec. 31 and is restricted under Securities and Exchange Commission rules from issuing public statements outside the update.

According to its posts, Braidy Industries Inc. is an Ashland-based company formed to lead a national transformation in the manufacture and use of efficient, eco-friendly metal alloys that are lighter and stronger than metals currently in commercial use.