The Herald-Dispatch, Huntington, WV

By FRED PACE

The Herald-Dispatch

ASHLAND – Braidy Industries says its $1.68 billion aluminum mill project in Eastern Kentucky is moving forward, according to what it called a fact sheet released by the company Tuesday in response to questions posed to it by news media.

Braidy is seeking to raise a total of $500 million in capital through the sale of its common stock. As of Nov. 26, Braidy had about 560 investors, including those who have subscribed via the Netcapital portal. Subscriptions via the Netcapital portal currently total 673,250 shares at $18 per share, for a commitment total of $12,118,500, according to the fact sheet. That amounts to about 2.5 percent of what the company hopes to raise.

In addition to unaccredited investors investing through the Netcapital portal, materially more than 100 institutional funds and accredited investors have purchased Braidy shares directly from Braidy in private placement transactions…