Altech Chemicals in trading halt with capital raising news pending
The company's securities will remain in trading halt until the start of trading on Tuesday, April 16, or when an announcement is released to the market.
Company
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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The company's securities will remain in trading halt until the start of trading on Tuesday, April 16, or when an announcement is released to the market.
Hardware & electrical equipment
The technology roadshow will stop by in Sydney on Tuesday, March 19, and in Melbourne on Thursday, March 21.
Hardware & electrical equipment
Workshop foundation piling is expected to commence shortly and preparations for the reinforced concrete works are in progress.
Petra Capital has a price target of 33 cents per share using a US$30,000 per tonne HPA price.
The company has started site establishment work at its high purity alumina (HPA) plant in Johor, Malaysia.
Hardware & electrical equipment
Achieving the go-ahead to proceed towards internal approval of a mezzanine debt facility is another important milestone for the company.
Investments and investor services
The event will attract “the who’s who of the junior and mid-cap market CEOs” and will have a “bustling exhibition area”.
A technical report prepared as part of debt due diligence has positive findings.
Approval of a development order paves the way for preparatory work before stage I construction of the Johor facility.
The two-day Technology and Low Emission Minerals Conference featured many of Australia’s emerging resource companies focused on sustainable operations and new energy minerals.
The company is commencing bulk earthworks and mobilising various sub-contractors, to maintain project momentum.
The conference will be held at the Westin Hotel in Perth next Tuesday and Wednesday, November 13 and 14.
The final design will be the basis for the submission of a development order application and the start of stage 1 construction.
A final investment decision study for ATC’s high purity alumina project was published in October 2017.
Hardware & electrical equipment
Five patent applications have been lodged in Australia, with one in examination phase, and two in Malaysia.
Investments and investor services
Regal Funds Management keynote speaker Julian Babarczy provides an overview of the battery metals sector.
Stage I construction of Altech’s Malaysian high purity alumina plant is already funded and will commence imminently.
Investments and investor services
The annual convention is on next week at the Hilton Brisbane with 48 presentations and 70 exhibitors.
Altech is equity funding stage I construction of its HPA plant in Malaysia in parallel with project finance close.
The company attended Battery Osaka in Japan, a conference which outlined shortages in medium-term high-purity alumina supply as well as the growing use of HPA in lithium-ion batteries.