Altech Batteries

Quarterly Report March 2024

Altech Batteries Limited (Altech/the Company) (ASX: ATC and FRA: A3Y) is pleased to present its Quarterly Activities and Cash Flow Report.

Excellent Progress on ABS60 60kWh CERENERGY® Battery Prototypes

  • Excellent progress with two 60 kWh battery pack prototypes
  • Pilot plant re-design at Fraunhofer IKTS Hermsdorf for prototype manufacture
  • All prototype materials have been procured from suppliers
  • Ceramic tube manufacture is 50% complete
  • Cell assembly progressing well with more than half completed
  • Low reject and defect rates experienced
  • Two battery vacuum casings delivered and undergoing heat loss testing
  • Finalisation of prototypes will be mid 2024

Excellent Definitive Feasibility Study for 120 MWh First Production Line CERENERGY® Battery Project

  • Highly positive Definitive Feasibility Study (DFS) – 120 GridPacks (1MWh) pa
  • Capital cost estimated at €156 million with excellent project economics
  • Pre-tax Net Present Value (NPV9) of €169 million
  • Attractive Internal Rate of Return (IRR) of 19%
  • Steady state payback period is 3.7 years, with Annual Revenue of €106 million per annum
  • EBITDA of €51 million or margin of around 47%
  • Altech Board Decision to Proceed to Funding Phase
  • Low lifetime levelised cost of storage €0.06/kWh vs lithium- ion batteries at €0.149/kWh
  • Grid energy storage market projected to grow by 28% CAGR
  • Grant funding applications underway
  • Equity and mezzanine financing discussions in progress
  • Offtake for 5 years production in progress

Update on Silumina AnodesTM Project

  • All equipment now received for the plant construction
  • Commissioning of plant areas underway
  • Non-disclosure Agreements signed for commercial samples with global automobile and battery supply chain companies
  • Project includes robust economics including an NPV(10) of €684 million

Investor Presentation

  • CEO Iggy Tan recently presented at the RIU Conference held in Fremantle, Australia
  • Shareholders are invited to view a recording of the presentation at the following website link

https://investorhub.altechgroup.com/activity-updates/altech- riu-presentation-february-2024-iggy-tan


Click here for the full ASX Release

This article includes content from Altech Batteries, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Altech Batteries Ltd  Breakthrough 55% Higher Energy Density Anodes

Altech Batteries Ltd Breakthrough 55% Higher Energy Density Anodes

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) has achieved a remarkable milestone in its Silumina AnodesTM battery material technology. The Company is delighted to announce an average 55% surge in lithium battery anode energy capacity, marking a significant breakthrough.

Highlights

- Altech achieves 55% surge in energy capacity in Li-ion batteries

- Average energy retention capacity of approximately 500 mAh/g

- Stable battery with sound cycling performance

- Follows Altech previously cracking the "silicon barrier" by achieving 30% energy increase

- Dispersion challenges limited further improvements

- Persistent R&D has now resolved these challenges

- Altech aims to revolutionise the Lithium-ion battery industry

By utilising its innovative proprietary technology, Altech has now improved on the previous 30% energy increase, by blending alumina-coated silicon particles (10%) with battery-grade graphite, to create a composite graphite/silicon anode for the lithium-ion battery electrode. Upon activation, this composite material has now exhibited a remarkable 55% increase in capacity compared to the traditional graphite-only anode material, See Figure 1.

In a series of tests, the Altech lithium-ion battery anode material exhibited an average energy retention capacity of approximately 500 mAh/g, which is significantly higher than the average of approximately 320 mAh/g for a normal lithium-ion battery anode. This represents an average of 55% increase in energy retention capacity. Importantly, the Altech Batteries demonstrated good stability and cycling performance, indicating that the technology is highly promising. Altech's technology has the potential to be gamechanging and has demonstrated that silicon particles can be modified to resolve the capacity fading caused by both the swelling and first-cycle-capacity-loss problems. Altech's Research and Development team, led by Dr. Jingyuan Liu, achieved this significant breakthrough.

Altech had previously declared a major achievement in the field of battery technology. The Company reported that it had overcome the "silicon barrier" and had manufactured and evaluated a range of lithiumion battery anode materials that exhibit a retention capacity of approximately 30% higher than the standard lithium-ion battery anode materials. Following this breakthrough, Altech's research and development laboratory in Perth, Western Australia has been striving to further enhance the technology beyond this initial success.

As the Company endeavoured to surpass the 30% retention capacity achieved in the previous generation of batteries by increasing the silicon content, it encountered challenges in dispersing the alumina-coated silicon particles. However, Altech managed to overcome these challenges by implementing improvements in organic binders, coating parameters, and several other innovative solutions. After persistent efforts, the final challenges were eventually resolved, allowing the Company to move forward with the development of the next generation of batteries.

Through laboratory testing of the composite graphite/silicon batteries, Altech was able to substantially overcome previously unresolved impediments associated with using silicon in lithium-ion battery anodes.

These impediments include silicon particle swelling, first-cycle capacity loss of up to 50%, and rapid battery degradation. Altech's testing showed that the innovative composite graphite/silicon batteries were able to overcome these challenges, by spherification of the silicon particles. The spherical structure allows the distribution of alumina-coated silicon in graphite voids, hence minimises the electrode layer damaging due to expansion, see Figure 3, and 4. By doing so, via the alumina coating, the negative impact caused by the expansion of silicon is well managed in a lithium-ion battery.

The lithium-ion battery industry has recognised the introduction of silicon in battery anodes as a crucial step in achieving a significant increase in energy density, as well as reducing costs. This is because silicon has approximately ten times the energy retention capacity of graphite, making it an ideal anode material for the next generation of lithium-ion batteries. However, until now, the use of silicon in commercial lithium-ion batteries has been limited due to two critical drawbacks. Firstly, during battery charge, silicon particles expand by up to 300% in volume, leading to particle swelling, fracturing, and eventual battery failure.

Secondly, silicon deactivates a high percentage of the lithium ions in a battery, immediately reducing battery performance and lifespan. The industry has been in a race to overcome these obstacles and crack the silicon barrier to unlock the full potential of silicon in lithium-ion batteries.

The Company completed a Definitive Feasibility Study for the construction of an 8,000tpa Silumina AnodesTM plant in Saxony, Germany, that included the following economics.

- Pre-tax NPV10 EUR684 million

- Low capital cost of EUR112 million

- Attractive Internal Rate of Return of 34%

- EBITDA EUR105 million p.a.

- Payback (full rate) 2.4 years

- Revenue per annum of EUR328 million

Altech is in a race to get its patented technology to market. To support the development, Altech has constructed a pilot plant adjacent to the proposed project site to enable the qualification process for its Silumina AnodesTM product. The Company has successfully completed the construction of the pilot plant and is now in the process of hot commissioning.

CEO and MD Mr Iggy Tan stated "We are thrilled with the significant progress we have made in overcoming the critical challenges associated with using silicon in lithium-ion battery anodes. Our breakthrough technology represents a major step forward in unlocking the full potential of silicon in lithium-ion batteries, and we believe it has the potential to revolutionise the battery industry. We are currently commissioning a pilot plant to further scale up our technology and bring it to market".

Watch Interview with Dr Jingyuan Liu
https://www.abnnewswire.net/lnk/297I4J8A



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Altech Batteries Ltd  First Offtake Letter of Intent for CERENERGY GridPacks

Altech Batteries Ltd First Offtake Letter of Intent for CERENERGY GridPacks

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce the execution of an Offtake Letter of Intent between Zweckverband Industriepark Schwarze Pumpe (ZISP) and Altech Batteries GmbH.

Highlights

- Strategic Offtake Letter of Intent agreement

- Schwarze Pumpe Industrial Park Association

- Offtake for 30MWh of 1MWh CERENERGY(R) GridPacks per annum

- For the first five years of production

- Agreement to also collaborate to convert industrial park from coal to renewable energy

- Altech's CERENERGY(R) GridPack storage solution integrated

- GridPack deliveries start by mid-2027 or when plant is ready

Under this Offtake Letter of Intent (LOI), ZISP will purchase 30MWh of energy storage capacity annually, consisting of 1MWh GridPacks, for the first five years of production. The price of these batteries has been agreed and aligned to Altech's Definitive Feasibility Study assumptions. The purchase of these batteries is subject to performance tests, battery specifications and the batteries meeting customer requirements. This offtake LOI constitutes an important aspect of the financing process.

The LOI also highlights both parties' commitment to work together to change the energy landscape of the Schwarze Pumpe Industrial Park by transitioning it entirely to renewable energy. A combination of wind, solar, and Altech's CERENERGY(R) GridPack Battery Energy Storage System (BESS) will ensure continuous power supply, even during low energy generation or outages.

Partners and Project Overview

This initiative comes at a critical time for Lusatia, one of Germany's coal-reliant regions. ZISP, a crossborder municipal association between the states of Spremberg and Spreetal, oversees the Schwarze Pumpe Industrial Park, managing its water, waste, road infrastructure, and energy needs. Meanwhile, Altech Batteries GmbH (ABG), a subsidiary of the globally active Altech Group, specialises in advanced battery technology. ABG's 8ha site within the park intends to manufacture the CERENERGY(R) solid-state sodium chloride batteries, developed with the Fraunhofer Institute, for industrial grid use.

Pioneering the Energy Transition in Lusatia

Germany's Energiewende is driving a nationwide shift from fossil fuels to renewable energy. As coal use is phased out, especially in Lusatia, new energy solutions are critical. This partnership between ZISP and Altech is a key step in replacing coal with sustainable, renewable energy solutions that align with Germany's 2020 legislative mandate for the coal phase-out. The project also supports ZISP's goal of achieving certification under the EU's "Zero Valley" initiative, making Schwarze Pumpe a model for renewable energy storage and generation.

Developing an Energy Storage Strategy

To transition fully to renewable energy, wind and solar power, combined with Altech's CERENERGY(R) GridPack batteries will be key to achieving this. This partnership between ZISP and Altech marks the transformation of Schwarze Pumpe from a coal-reliant industrial park to a renewable energy hub. By integrating CERENERGY(R) batteries, the project positions the park as a replicable model for industrial regions across Europe, fostering a new economic structure cantered on renewable energy. Altech's scalable BESS solution ensures renewable energy is stored efficiently, overcoming a key challenge in transitioning from coal.

Key Terms of the Agreement

- Start of deliveries from the 120 MWh plant from mid-2027 or later as per project development

- Technical data and guarantees according to the attached data sheet

- Price per GridPack at standard market conditions

- Purchase volume 30MWh per annum for 5 years, being 2027 through 2031

- The parties intend to develop a detailed acceptance contract subject to the performance data and warranty to be met by Altech

- An option for additional delivery volumes at a later date is negotiable

- Both parties will jointly develop a business and technical partnership to deliver scalable energy solutions, with contracts to be finalised in early 2025

Management Comment - CEO Iggy Tan

"This Letter of Intent marks a significant milestone for Altech Batteries as it represents our first offtake agreement for the CERENERGY(R) GridPack Battery Energy Storage System. The interest shown by the Schwarze Pumpe Industrial Park Association (ZISP) in our technology is a clear signal of growing demand for innovative energy storage solutions, particularly as industries shift toward 100% renewable energy.

It's encouraging to see potential customers like ZISP recognise the value of our scalable and reliable battery systems. This LOI not only validates the commercial potential of our CERENERGY(R) technology but also supports our future growth strategy, as securing such agreements strengthens Altech's position for project financing and expansion.

We're excited to continue working closely with ZISP, and we believe this partnership will pave the way for future demand as the industrial park moves toward a green energy future. With the first delivery expected mid-2027, this agreement is just the beginning of what we expect will be a significant increase in battery demand."



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Altech Batteries Ltd  Results of Entitlement Issue

Altech Batteries Ltd Results of Entitlement Issue

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) provides the following update regarding its Entitlement Issue as announced on 7 August 2024.

The Company received applications from eligible shareholders as well as the underwriter amounting to $6,473,205. This represents 161,830,134 shares at $0.04 per share and 80,915,359 free-attaching options with an exercise price of $0.06 per share and expiring 31 December 2025.

The shares and options will be issued and allotted on 17 September 2024 and application for quotation of shares and options on the ASX will be made on 17 September 2024.

Altech's CEO and MD Iggy Tan stated "On behalf of the Board of Directors, I wish to thank all eligible shareholders that participated in the Entitlement Issue and for the support extended to Altech as it moves forward with both its CERENERGY(R) battery project as well as Silumina AnodesTM battery materials project.

In addition, the partial underwriting of the Entitlement Issue for $5,000,000 by MAA Group Berhad, an existing shareholder associated with Altech director Tunku Yaacob Khyra, sends a strong message of support. With the positive Definitive Feasibility Study and excellent economics for the 120MWh CERENERGY(R) battery project having been released in March 2024, Altech is extremely focused on securing offtake as well as finance to commence plant construction".



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Altech Batteries Ltd  Entitlement Offer and Share Placement

Altech Batteries Ltd Entitlement Offer and Share Placement

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) announces a total capital raising of up to approximately $8.9 million, comprising the issue of up to 223,946,491 fully paid ordinary shares in the capital of the Company (Shares) at an issue price of $0.04 per Share ("Capital Raising"). Participants in the placement and Entitlement Offer will also receive free attaching options on the basis of one (1) option for every two (2) shares held, with each option having an exercise price of $0.06 and expiry date of 31 December 2025.

Highlights

- Launch of $8.5 million pro-rata Entitlement Offer to existing eligible shareholders

- Entitlement Offer partially underwritten for $5 million by existing shareholder MAA Group Berhad, an entity related to Altech director Tunku Yaacob Khyra

- Altech additionally raises $405,000 through a placement to sophisticated and professional investors

- Participants in placement and Entitlement Offer to receive free attaching options on the basis of 1 option for every 2 shares held with exercise price of $0.06 and expiry 31 December 2025

- Application will be made to ASX for listing of shares and options

- Funds will be used to further progress the CERENERGY(R) and Silumina AnodesTM Projects

Managing Director Mr Iggy Tan stated "We are pleased with the outcome of the capital raise, and to have Altech director and Malaysian Prince Tunku Yaacob Khyra's related entity, major shareholder MAA Group Berhard, partially underwrite the Entitlement Offer for $5.0 million, is very pleasing. The capital raising has come at an exciting time for Altech, as we progress with the commercialisation of the 120MWh CERENERGY(R) battery project, as well as commissioning of our Silumina AnodesTM pilot plant".

*To view the timetable, please visit:
https://abnnewswire.net/lnk/756P734E



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Altech Batteries Ltd  Update on CERENERGY ABS60 Battery-pack Prototypes

Altech Batteries Ltd Update on CERENERGY ABS60 Battery-pack Prototypes

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to provide an update on the production of its CERENERGY(R) ABS60 BatteryPack prototypes. All 240 cells for the first ABS60 BatteryPack Prototype have now been fabricated, assembled and initialized at Fraunhofer IKTS Hermsdorf's pilot plant.

Highlights

- Prototype production is progressing well

- All CERENERGY(R) cells for the first 60 KWh Prototype completed

- Cell contacting system manufacturing finished and delivered

- Improved cell electrode design showing excellent results

- Cell quality tests by Fraunhofer delivering better than expected capacity

- Welding of cells to cell contacting system underway

- Completed modules will be mounted into ABS60 BatteryPack next week

To validate a homogeneous cathode material distribution, all cells were cycled through several testing stations at Fraunhofer IKTS Hermsdorf and Arnstadt.

IMPROVED CELL ELECTRODE DESIGN

During the fabrication of the two 60kWh CERENERGY(R) ABS60 BatteryPack prototypes, the Altech and Fraunhofer team made several design improvements to the cell's positive probe. These enhancements aimed to boost the cell's energy capacity and reduce the nickel content. The "V2" design of the positive probe allows for slightly faster charging and discharging while lowering the unit costs of the battery. Testing revealed that most cells had higher-than-expected energy capacities, an outstanding result that strongly supports the chosen electrode design. With all cells manufactured according to the series design and optimized processes, the best cells to date have been completed. The table below demonstrates that all the cells are meeting the expected specifications.

CELL CONTACTING SYSTEM COMPLETED

The Cell Contacting System (CCS) has undergone stringent testing and has now been completed and delivered by key supplier Hofer AG. The CCS was delivered to Fraunhofer IKTS in Dresden, where all parts of the modules will be collected to assemble each of the five modules. Each module contains 48 cells, that are currently being welded to the CCS by an external service provider.

After welding is completed, the ABS60 BatteryPack with its 60 kWh capacity can be completely assembled.

MODULE WELDING TRIALS

To guarantee the most time-efficient welding, a unique tool was designed and built at Xenon, which is responsible for welding and quality control across the 120 MWh battery plant. After completing the welding tool, it was shipped to an external laboratory, accompanied by a test module and several trial cells. The aim was to determine the best working parameters and to proof the handling of certain parts of the module.

The trials were successfully finished.

CELL MANUFACTURING PROGRESSING WELL

All 240 cells for the first ABS60 BatteryPack Prototype have been assembled and initialised at Fraunhofer IKTS, Hermsdorf. To validate a homogeneous cathode material distribution, all cells were cycled through several testing stations at Fraunhofer IKTS Hermsdorf and Arnstadt.

INTERIM CELL TESTING

At Fraunhofer IKTS in Hermsdorf, all cells were scanned using a unique X-ray microtomography device that enables the ability to look inside cells after they are hermetically closed. This is required to ensure the most homogeneous material distribution inside the cells as well as the best possible alignment of cell components e.g. electrode. The results have been excellent to date. Another quality assurance procedure involved cycling cells to ensure the electrical requirements and parameters are operating as designed.

MODULE WELDING AND BATTERYPACK ASSEMBLY

After every cell passed all quality checks, the modules containing the cells were shipped to the laboratory for welding onto the CCS. By using the predetermined parameters for welding, all modules have been successfully welded. After completion, the modules will be shipped to Fraunhofer IKTS, Dresden, where all five modules will then be mounted into the ABS60 BatteryPack and the first Prototype will be completed.

This will enable testing and demonstration to potential customers, to prove individual use cases for each customer.

ABOUT THE ABS60 - BATTERYPACK

The 60kWh Altech Battery Pack consists of five 12kWh modules with 48 cells each, mounted on top of each other and sealed in a thermal isolated stainless steel hood housing. The Battery management system is mounted at the base. To maintain thermal self-sufficiency, an insulation hood was designed, where the required heat of the system can be maintained inside the BatteryPack as long as possible, although the outer surface only has ambient temperature. This was achieved by using vacuum insulation. The base of each module is designed to accommodate folklift transport for easy mounting into the GridPack.

Commenting on the progress, MD and CEO Iggy Tan stated "Altech's team in Germany, together with its joint venture partner Fraunhofer, and with the assistance of key suppliers, have made excellent progress on the fabrication of two 60kWh CERENERGY(R) ABS60 BatteryPack prototypes. All components for the first BatteryPack have now been fabricated. Altech is now completing the welding of the cells to the Cell Contacting System, after which the five completed battery modules will be delivered to Fraunhofer IKTS in Dresden, where all five modules will be mounted into the ABS60 BatteryPack and the first ABS60 Prototype will be completed. The BatteryPack will then be available for testing and demonstration to potential customers, thereby assisting Altech in securing offtake and finance for the 120MWh CERENERGY(R) battery plant to be constructed on Altech's land in Germany".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/O449B2I4



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Altech Batteries

Altech Batteries Limited (ASX: ATC) – Trading Halt

Description

The securities of Altech Batteries Limited (‘ATC’) will be placed in trading halt at the request of ATC, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 15 November 2024 or when the announcement is released to the market.

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NOVONIX Pens Synthetic Graphite Offtake Deal with Carmaker Stellantis

NOVONIX (ASX:NVX,NASDAQ:NVX) announced on Sunday (November 10) that it has signed a binding offtake agreement with automotive company Stellantis (NYSE:STLA) for synthetic graphite material.

NOVONIX said that starting in 2026, it will provide a minimum of 86,250 tonnes of the material to Stellantis over a period of six years. The maximum amount NOVONIX will provide is 115,000 tonnes.

The high-performance synthetic graphite material will be sent to Stellantis' cell manufacturing partners in North America from NOVONIX's Riverside facility in Tennessee, US, and a planned expansion site.

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Lincoln Releases Kookaburra PFS, Outlines Plan to Become Newest Australian Graphite Miner

Lincoln Minerals (ASX:LML) moved closer to its goal of becoming Australia's newest graphite miner with the release of a prefeasibility study (PFS) for its Kookaburra project in South Australia.

The company shared the results on time, saying in September that the PFS was expected this month.

The study outlines two stages of development, and is designed to bring Kookaburra online at a low cost.

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E-Power Resources (CSE:EPR)

E-Power Resources Inc. Announces Closing of a Second Tranche of Private Placement

E-Power Resources Inc (CSE: EPR) ("E-Power" or the "Company") announces that it has closed a second tranche of the private placement previously announced on September 24, 2024 (the "Private Placement").

An aggregate of 3,950,000 units (the " Units") of the Company were issued in this tranche of the Private Placement at a price of $0.05 per Unit for gross proceeds of $197,500, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date. (the "Offering").

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International Graphite

Quarterly Activities Report September 2024

International Graphite Limited (ASX: IG6) is pleased to present its Quarterly Report.
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