Entries by aciwpadmin

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Braidy Industries Closes Crowdfunding Equity Offering at 100% of Statutory Limit

“Crowdfunding” Effort Brings Braidy Shareholder Count to Over 800 To-date, Kentucky’s taxpayers have a 250% return on State’s initial investment ASHLAND, K.Y., July 22, 2019 — Braidy Industries, Inc. (“Braidy”) announced today the completion of Regulation CF “crowdfunding” of its common stock offering, having received commitments for in excess of 100% of the statutory limit […]

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Braidy Industries Attracts Kentucky Backers in Mill Project

ASHLAND, Ky. (AP) — Braidy Industries says hundreds of Kentuckians have become shareholders as the company lines up financing for a $1.7 billion aluminum mill in eastern Kentucky. The company says it recently completed the “crowdfunding” portion of its common stock offering, which was capped at just over $1 million worth of shares… Go to […]

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Bouchard Confident Braidy on Path to Impacting Eastern Ky. Economy

By MARK MAYNARD, Kentucky Today ASHLAND, Ky. (KT) – Braidy Industries CEO Craig Bouchard expressed confidence Tuesday that the company is in perfect position to open its $1.7 billion Braidy Atlas mill in northeastern Kentucky in 2021 – and it has done it faster than anybody expected. As of Tuesday, he said, $300 million has […]

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Braidy Provides Capital Raise Update

Glenn Puit, Editor, The Daily Independent Braidy Industries Chief Executive Officer Craig Bouchard said the company is on track for opening its Atlas mill in 2021 with the company also on schedule for raising the necessary capital. Bouchard said Tuesday the mill’s projected total cost is $1.7 billion. As of Tuesday $300 million has been […]

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Braidy Industries and Rusal Announce Board Approvals of $200 Million Lead Investment in Braidy Atlas Mill

Business Wire ASHLAND, Ky.–(BUSINESS WIRE)– Today, Braidy Industries, Inc. (“Braidy”) and En+ Group subsidiary United Company RUSAL plc (“Rusal”) jointly announced the approval by their respective Boards of Directors of a $200 million lead investment in the Braidy Atlas mill by Rusal. In exchange for its investment, Rusal will obtain a 40% share in the […]

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Economic Impact Study: Braidy Industries to Generate $2.8 Billion for Kentucky by 2021

ASHLAND, Ky.–(BUSINESS WIRE)– Producer of lowest-carbon, highest-value, lowest-cost aluminum to generate $1.5 billion for Eastern Kentucky by 2021 Will add more than $35 million of tax revenue to Eastern Kentucky and over $75 million to the Commonwealth of Kentucky through 2021 Estimated to create over 31,000 incremental job years in the Commonwealth and add additional […]