Altech Chemicals continues European fund raising with US$100 million subscription period to open
If successful the raise would position AAM to exercise its option to acquire up to a 49% interest in Altech’s high purity alumina (HPA) project.
Company
Altech Batteries Ltd
ASX:ATC
Altech Batteries Ltd is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS to commercialise the revolutionary CERENERGY® Sodium Chloride Solid State Battery. CERENERGY® batteries are the game-changing alternative to lithium-ion batteries.
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Altech Chemicals to develop high purity alumina for semi-conductor applications
Altech’s preliminary investigation into the demand for high quality HPA from the EMC semi-conductor market indicates a global market size in the range of 700 – 900 tonnes per annum.
Altech Chemicals receives $2 million following shareholder approval
The company is focused on developing a high purity alumina (HPA) plant located in Johor, Malaysia.
Altech Chemicals appoints experienced German executive to supervisory board
Werner Klatten has held significant positions in the German media industry.
Altech Chemicals completes stage-1 construction at HPA plant in Malaysia
Construction of the substation structure is expected to begin during November 2019 once various off-site fabrication works are complete.
Altech Chemicals showcases HPA strategy at Korean InterBattery exhibition
German engineering firm SMS group GmbH is the EPC contractor for construction of the company’s HPA plant in Malaysia.
Altech Chemicals advances German equity strategy for high purity alumina project
German company Altech Advanced Materials will initially raise up to €69.4 million via rights issue and external share placement.
Altech Chemicals asked by German state government to consider construction of second HPA plant in Saxony
A European high purity alumina processing plant is part of the company’s strategic planning to benefit from the rapid transition to electric vehicles.
Altech Chemicals makes progress towards German project funding strategy
Altech is developing a high-purity alumina (HPA) project which involves building a HPA plant in Johor, Malaysia.
Altech Chemicals launches German project equity strategy with formation of Altech Advanced Materials
The company now holds a 29% interest in Altech Advanced Materials which in turn has obtained rights to acquire up to 49% of Altech’s high purity alumina project.
Altech Chemicals satisfies conditions for German project equity strategy
The company’s nominees have been appointed to German management and supervisory boards and the entity will be re-named Altech Advanced Materials AG.
Altech Chemicals nominees approved for appointment to YAG management board
The company is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA).
Altech Chemicals launches project equity strategy to advance HPA project
The advantage of this concept for Altech shareholders is that it provides an enhanced overall project and company valuation.
Altech Chemicals completes workshop steel frame and roof construction at HPA plant in Malaysia
Cladding works are now underway with retaining walls construction nearing completion.
Altech Chemicals project NPV to potentially increase 32% based on CRU high purity alumina market outlook
High purity alumina pricing is forecast to increase, driven by market developments in lithium-ion battery and other advanced applications such as LEDs.
Altech Chemicals makes steady progress at HPA plant construction site in Malaysia
Stage 1 construction progressing as planned with workshop steel frame erection nearing completion.
Altech Chemicals’ target price raised by State One Stockbroking
Altech recently raised the first steel at its high purity alumina (HPA) plant construction site in Malaysia.
Altech Chemicals raises first steel at HPA plant construction site in Malaysia
The raising of first steel represents the culmination of a series of significant achievements for the project over the last six months.
Investments and investor services
Altech Chemicals’ $18 million placement anchored by two new German investors
The funds will enable the company to proceed with stage II engineering and construction at its Malaysian high purity alumina plant.
Hardware & electrical equipment
Altech Chemicals hosts visit to site of Malaysian high purity alumina plant
Attendees observed the progress made since the initiation of site works at Johor in late February 2019.