𖣂📈 The next evolution: 4DX initiation; ↑IMR; A4N site visit

HOMODEUS RESEARCH WEEKLY BRIEF · 28 July 2026 Research | Videos | Podcasts Moats, Moats & Playing the Long Game Last week I visited Alpha HPA’s (ASX:A4N) site in Gladstone QLD. Going through the presentation slide of the now and on completion gave me vibes of my 15 yrs in China. Mega projects, capex intensive, and you can’t imagine the finished product, but as I’ve also experienced over time – once complete, they produce enduring secular moats, and it’s ultimately about playing the long game. Alpha’s project is unique not just in their IP behind producing low-Alpha emission HPA, but also their relationship with Orica for feedstock. A unique feature leading to cost benefits on production not replicable even with their IP. Contact me for more feedback & takeaways Project Layout (Now) Project Layout (on completion) A4N MD Rob Williamson & I at their R&D facility Stage Two under construction Research & Webinars this week: Last week we also hosted a fascinating webinar with Firebird Metals (ASX:FRB) CEO Ron Mitchell discussing evolving battery chemistries from LFP à LMFP. Over the weekend I’m also excited to have initiated coverage on 4DMedical (ASX:4DX) : The Journey to global…