Altech Chemicals Limited (AU:ATC) has released an update.
Altech Batteries Limited announces a Share Purchase Plan (SPP) to raise up to $5 million for its promising CERENERGY® battery and Silumina Anodes™ projects, capitalizing on a robust Definitive Feasibility Study. The SPP offers shares at $0.065 with an attached option scheme, aiming to fund the company’s innovative battery technology poised to tap into the burgeoning grid storage market. With a competitive levelized cost and high EBITDA margin, Altech positions itself to meet the demands of the renewable energy transition.
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