Contact Us

SOAR

  • Home
  • The Plan
    • Broadband and Last Mile
    • Digital Equity
    • EKY Jobs
    • Healthy Communities
    • Regional Prosperity
    • Tourism
  • Funding Opportunities
  • SOAR Innovation
    • Accelerator Program
    • CORI Mentor Network
    • Our Portfolio
  • Events
    • 2023 Events
    • Grant Workshops
    • Appalachian Nursing Academy
  • Resources
    • Blog
    • eBooks
    • About Us
    • Work with Us
    • Community Resources
  • Give

Braidy Industries Capital Raise Update

Posted on 4 years ago

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 raised and the majority of the remaining capital needed is now in hand in cash, binding commitments or letters of intent.

Braidy is scheduled to construct a massive aluminum rolling mill at EastPark Industrial Center in Ashland, Ky. The mill will be the first greenfield aluminum rolling mill built in the U.S. in 37 years.

The project has received $15 million in taxpayer seed money. The mill is considered a major component in ongoing efforts to rebuild the eastern Kentucky economy in the aftermath of major losses of jobs in the coal and steel sectors throughout the region.

For a full update on this project, read this article published by The daily Independent.

Previous Post
New Report Summarizes Findings from Six ARC Recovery-to-Work Listening Sessions
Next Post
Appalachian Research Day, Come Sit on the Porch: Calls for Proposals

SOAR

Resources

  • Home
  • The Plan
  • Funding Opportunities
  • SOAR Innovation
  • Events
  • Resources
  • Contact Us

Contacts

info@soar-ky.org
205-606-0282
137 Main Street, Ste. 300 Pikeville, KY 41501, United States
Facebook
LinkedIn
Instagram
Twitter
YouTube

Photos Courtesy of Cris Ritchie Photography

© 2023 Shaping Our Appalachian Region. All Rights Reserved.