Carbonxt Group Ltd. ( (AU:CG1) ) has shared an update.
Carbonxt Group Ltd has raised an additional A$1.5 million through a combination of share placement and an expanded convertible note facility to support its strategic investment in a Kentucky activated carbon plant. This funding will aid in acquiring an additional 10% stake in the facility and provide working capital for operational expansion, aligning with the company’s long-term growth strategy.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd (ASX:CG1) is a cleantech company specializing in the development and marketing of activated carbon products aimed at capturing contaminants in industrial processes. The company produces powdered activated carbon and activated carbon pellets for use in industrial air purification, wastewater treatment, and other liquid and gas phase markets.
YTD Price Performance: -25.71%
Average Trading Volume: 202,501
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$20.21M
For detailed information about CG1 stock, go to TipRanks’ Stock Analysis page.