6K Additive finances expansion of metal powder production for 3D printing

With an initial public offering on the Australian Securities Exchange (ASX), metal powder specialist 6K Additive has secured fresh capital for expanding its additive manufacturing operations. The company raised 48 million Australian dollars at an issue price of 1.00 AUD per CDI, resulting in an initial valuation of around 267 million AUD. The shares traded under the ticker 6KA are intended primarily to scale the production of metal powders for industrial 3D printing.

The core of the expansion plan is the Burgettstown site in the U.S. state of Pennsylvania. There, 6K Additive aims to increase its capacity from the current roughly 200 to 1,000 tons of metal powder per year. Planned measures include additional UniMelt plasma systems for powder production, new facilities for processing feedstock material, as well as melting units for ingot production. In addition, an in-house production line for refractory materials is being built, which are required for high-temperature processes in powder production.

“The IPO and resulting capital fast-track the realization of our vision and achieve the scale with attractive unit economics and unique material breadth required by customers in defense, aerospace, energy, and medical markets,” said Frank Roberts, CEO and Managing Director of 6K Additive. “As a strategic supplier to the U.S. Department of War and its Tier-1 contractors, our products, production processes and technology have been qualified in their supply chains, reinforcing these relationships. This growth enables a domestic supply of critical materials for applications such as hypersonics, nuclear fusion, medical implants, and rocket-engine development.”

The program is financed not only through the IPO, but also through 23.4 million US dollars in funding from the Defense Production Act Title III of the U.S. Department of Defense and a recently approved long-term EXIM loan of 27.4 million US dollars. The funds are being invested in four new buildings and equipment for the production of titanium- and nickel-based powders as well as alloy additives. According to the company, the sales pipeline had grown to a volume of 240 million US dollars by the end of November 2025.

David Seldin, 6K Additive Chairman of the Board and Managing Partner of Anzu Partners commented, “As an institutional investor in 6K Additive from its inception, I witnessed this organisation grow to the leading domestic provider of metal powders and alloy additions. The breadth and quality of 6K Additive’s products, the trusted relationship with the US Department of War and the dedicated employee talent, underscores the potential this organization has in the coming 3-5 years.”