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Advanced Energy Minerals Ltd ASX:AEM

2 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

30 Nov 2025 to today

Commentary Showing 2 of 3

DateManagerActionSummary

22 Jun 2026NorthStar Impact FundsInitiatedNorth Star Impact Funds initiated a position in Advanced Energy Minerals because the fund sees the company as addressing a critical bottleneck at the heart of the AI infrastructure build-out through its high-purity aluminium production. The fund highlights that cheap Canadian hydropower keeps production costs low while exceptional purity levels enable data centres to use less energy, directly addressing power constraints in the current energy stack. North Star notes that the market capitalisation is less than total capital invested in the project to date, that the company remains off the radar of most investors, and that customer wins represent the key near-term catalysts for a re-rating along what the fund describes as a spectacular S-curve.

AI Infrastructure Critical MineralsArticle, price recorded $0.46

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31 May 2026NorthStar Impact FundsInitiatedNorthStar Impact Funds initiated a position in Advanced Energy Minerals during May because it views the company as a high-purity aluminium producer addressing the energy efficiency needs of AI data centres, with cheap Canadian hydropower keeping costs low and exceptional purity levels enabling data centres to reduce energy consumption.

AI Infrastructure Critical MineralsMonthly Report, price recorded $0.41

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First mention by manager

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Price at first mentionThe share price recorded when each of 2 managers first commented on AEM.

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About Advanced Energy Minerals Ltd

Materials, Chemicals

Advanced Energy Minerals (ASX:AEM), a high-purity alumina producer, listed with backing from impact and growth investors. In June 2026, NorthStar Impact Funds described AEM as producing high-purity alumina that solves a problem at the heart of the AI build-out, with cheap Canadian hydropower keeping costs low, after adding a new position in May. In November 2025, SG Hiscock took an IPO position ahead of its ASX listing in late December, describing it as a special opportunity. Advanced Energy Minerals operates in the Materials sector within the Chemicals industry, and Thesis Tracker has captured 3 comments from 2 fund managers, NorthStar and SG Hiscock. Founded in 2006 and headquartered in Wyong, New South Wales, Advanced Energy Minerals produces high-purity alumina using low-carbon processes at its facility in Quebec, Canada, supplying materials for semiconductors, LEDs and lithium-ion batteries, where demand is rising with AI and electrification.

Market cap: $108m
Price to earnings: Loss-making
Return on equity: -19.6%
Dividend yield: 0.0%
Price to book: 1.14x
Net margin: -4605.8%
52-week range: $0.27 to $0.69

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Advanced Energy Minerals Ord Shs (ASX:AEM)?

Fund managers including SG Hiscock & Company have invested in Advanced Energy Minerals Ord Shs (ASX:AEM).

What opportunities or catalysts do fund managers highlight for Advanced Energy Minerals Ltd?

NorthStar and SG Hiscock highlight AEM's high-purity alumina for semiconductor and AI supply chains and low production costs from Canadian hydropower.

What are the key risks to the Advanced Energy Minerals Ltd investment thesis, according to fund managers?

The available commentary does not detail specific risks, though as a newly listed producer AEM must scale production and secure customer contracts.

What does Advanced Energy Minerals Ord Shs (ASX:AEM) do?

Advanced Energy Minerals Ltd., founded in 2006 and headquartered in Wyong, Australia, is a chemical manufacturing company specializing in low-carbon production technologies. The firm supports key industries, including LEDs, batteries, and semiconductors. Its product portfolio features Ultra-Pure Alumina, Alpha and Gamma Alumina Powders, Aluminum Chloride Hexahydrate, and Alpha Alumina Pucks. The company focuses on sustainable manufacturing solutions for advanced technological applications.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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