Company Interview / The new 'Additive' on the ASX

Key Points:

Six K Additive (ASX:6KA) raises $48 million in IPO, plus a US $27 million government-backed loan Proprietary UniMelt technology upcycles scrap into premium metal powders for 3D printing Focus on aerospace, defence, energy, and medical applications, including spinal implants and hypersonic parts Sales pipeline reaches US $240 million, with $18 million in existing annualised revenue

Six K Additive (ASX:6KA) steps boldly onto the ASX after raising $48 million in its IPO, aiming to revolutionise the production of high-performance metals for sectors including aerospace, defence, energy, and medical. Frank Roberts says the ASX stood out as a destination due to its engaged investment community and strong mining and metals focus, aligning neatly with the company’s sustainability goals. Additional financial backing has been secured through a US government-backed loan from Exim Bank, totalling an extra $27 million USD, providing a solid financial footing and significant growth potential.

Roberts highlights the company’s proprietary UniMelt microwave plasma technology, derived from MIT research, which creates premium metal powders for 3D printing. Unlike traditional subtractive manufacturing, Six K Additive’s process upcycles 100% scrap metal, reduces energy and gas consumption, and produces powder for critical applications ranging from spinal implants to hypersonic defence components. The technology’s adaptability to a wide range of alloys, including pure tungsten and titanium, opens doors across medical, defence, and energy industries.

Six K Additive’s commercial momentum is evidenced by a growing sales pipeline now standing at US $240 million, with $70 million in qualified opportunities. Roberts states that current annualised revenue sits at $18 million, setting the company apart from many pre-revenue peers in the sector.