Lomiko Provides Update on Strategy and Regional Flake Graphite Exploration Program

Lomiko Provides Update on Strategy and Regional Flake Graphite Exploration Program

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce an update on its strategy to further advance its regional exploration opportunities in the Grenville graphite belt with the objective of developing a sustainable and long-term natural flake graphite resource base that can feed into the graphite market at large, and the regional market for electric vehicles battery manufacturing.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220516006014/en/

Figure 1 – New Lomiko Claims in relation to La Loutre (Graphic: Business Wire)

Figure 1 New Lomiko Claims in relation to La Loutre (Graphic: Business Wire)

Lomiko believes that early-stage development of this strategy, combined with a current emphasis on metallurgical testing of its flake graphite at La Loutre and a committed vision to work with the Kitigan Zibi Anishinabeg ("KZA") First Nation and local communities is important to becoming a leader and operator of choice in the region. At the same time, the Company is looking at opportunities in the carbon offset market and carbon neutral mine planning. Carbon offset projects include forestry, conservation, renewable energy and community projects where every tonne of emissions reduced by an environmental project creates one carbon offset or carbon credit.

Belinda Labatte, CEO and director of Lomiko stated: "Our team is keen to take on new opportunities in the region, around our La Loutre property, as we develop the potential for natural flake graphite via organic growth and acquisition. We plan to lead the responsible development of regional graphite assets with community and First Nations engagement, water management and stewardship initiatives, and carbon offset projects that further advance our carbon-neutral model of graphite development."

The Company has staked approximately 14,255 hectares of mineral claims, 236 claims in total, on six projects in the Laurentian region of Quebec and within First Nations territory. These new claims lie within a 100 km radius of the Company's flagship La Loutre graphite project and 28 claims are directly contiguous to La Loutre, with the Company claim package now covering 4,528 hectares. The highest graphite grades are commonly associated with rock contacts between marble and paragneiss or quartzite which is the host rock present in the Grenville Province and at La Loutre. Large, disseminated natural flake graphite mineralization occurs at a number of places in the Grenville Province metamorphic belt, located in Canada's Quebec and southeastern Ontario jurisdictions, and the conglomeration of this mineralization in close proximity in the region presents opportunities in the future for responsible and low impact mining or quarry activities that are unique to this region.

This regional exploration program will cover numerous under-explored graphite showings primarily occurring within paragneiss units of the Grenville geological belt. The claims staked are largely accessible and situated close to road access and qualify as early-stage greenfield exploration. Lomiko intends to initiate exploration of these prospective graphite targets with high definition airborne magnetic, and time-domain electromagnetic surveys. This work will be followed by geological, prospecting, and sampling surveys based on ground targets generated by the airborne surveys. Lomiko will engage with communities and the KZA as this work evolves. Please refer to Figure 1 for details.

Corporate development update

The Company continues to review other prospects for eventual acquisition. Lomiko's strategy is to create scale and a regional approach for the exploration and development of natural flake graphite as an operator of choice and this will include carbon neutral mine planning and potential for carbon offset projects. This strategy would serve to provide a long-term, sustainable and responsible solution to provide flake graphite, and ultimately anode-grade graphite, into the electric vehicle supply chain.

Investor conferences

All interested investors are encouraged to meet with management in person at the Vancouver Resource Investment Conference (VRIC) taking place in Vancouver on May 17 th and 18 th , and at PDAC in Toronto from June 13 th to 15 th . Also, management will be presenting at The Northern Miner's virtual Global Mining Symposium on May 25 th . More information is available on the Company's website at www.lomiko.com .

About Lomiko Metals Inc.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with a purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.

The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions.​ Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 76 minerals claims totaling 4,528 hectares (45.3 km 2 ). Lomiko Metals published a Preliminary Economic Assessment ("PEA") on September 10, 2021 which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

Mr. Mike Petrina, Project Manager, a Qualified Person ("QP") under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.

For more information on Lomiko Metals, review the website at www.lomiko.com , contact Belinda Labatte at 647-402-8379 or email: info@lomiko.com .

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including satisfactory completion of due diligence and ability to reach an agreement with third party owners in connection with projected acquisitions, timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: potential of future acquisitions presently evaluated by the Company; current market for critical minerals; current technological trends; the business relationship between the Company, local communities and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com , and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.

For more information, please contact:

Kimberly Darlington
Investor Relations, Lomiko Metals Inc.
k.darlington@lomiko.com
514-771-3398

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Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Quebec Virtual Investor Conference on March 30 th and 31 st .  This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors.

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Lomiko Appoints New Management Team and Director and Initiates a New Vision and Strategy in Quebec

Lomiko Metals Inc. (Lomiko) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals" or "Lomiko" or the "Corporation" or "The Company") is pleased to announce a new leadership team and the appointment of an independent director to the board effective October 25, 2021. With the appointment of Belinda Labatte as Chief Executive Officer and Director, Vince Osbourne as Chief Financial Officer and Gordana Slepcev as Chief Operating Officer, Lomiko is poised to develop its current critical minerals projects in Quebec and pursue a new growth strategy for the acquisition and development of new critical minerals assets to add to the Company's portfolio. The Board of Directors has determined it is in the best interests of all its stakeholders to appoint a dedicated and committed new leadership team at this time which will establish the Company and it's base of operations in Quebec. Lomiko is setting the stage to become a leader and responsible supplier of critical minerals in the North American market. The new leadership will continue to develop the Company's high potential La Loutre graphite project into the Pre-Feasibility Stage ("PFS") stage with the view of taking it into full production, along with plans for the advancement of its lithium exploration project, Bourier located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec.

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InvestmentPitch Media Video Discusses Lomiko Metals Announcement of Positive Results from the Preliminary Economic Assessment on its La Loutre Graphite Project in Southern Quebec - Video Available on Investmentpitch.com

Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has announced positive results from the Preliminary Economic Assessment on its La Loutre Graphite Project in southern Quebec. The 100% owned La Loutre Project is located in the Nominingue-Chénéville Deformation Zone in Quebec. The property, which consists of one large contiguous block of 42 mineral claims totaling 2,509 hectares or approximately 25 square kilometres, is located approximately 117 kilometres northwest of Montréal in southern Québec, 230 kilometres southwest of the Nouveau Monde Matawinie Project and 100 kilometres southeast of the Imerys' Lac-des-îles mine.

The PEA was completed by Ausenco Engineering Canada, the Canadian division of the Australian-based global engineering firm with a 30 year track record with projects spanning more than 80 locations worldwide.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news along with some video comment from Lomiko's President and CEO, A. Paul Gill. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.

Based on a drill hole database containing 117 drill holes, consisting of 15,160 metres of drilling and 8,850 assay intervals, the project has a mineral resource estimate of 23,165 kilo tonnes of 4.51% graphite for 1.04 metric tonnes of graphite in the Indicated category, and 46,821 kilo tonnes of 4.01% graphite for 1.9 metric tonnes of graphite in the Inferred category, using a 1.5% cut-off grade. The cut-off grade is based on a processing cost of CDN$11.85 per tonne, and General and Administrative Costs of CDN$2.37 per tonne. A cut-off grade of 1.5% has been used for the base case of the resource estimate, which more than covers the Process and General and Administrative Costs.

The mine plan includes 21.9 metric tonnes of mill feed and 88.4 metric tonnes of waste over the 14.7-year project life. Mine planning is based on conventional open pit methods suited for the project location and local site requirements. Owner-operated and managed open pit operations are anticipated to begin prior to mill start up, running for 14.7 years to pit exhaustion, with feed from the low-grade stockpile supplementing plant feed over the last two years. The PEA indicates the property has the geological potential to extend the mine life beyond the initial 14.7 years presented in the PEA as well as the opportunity to expand the scale of production by increasing the mineral resource through ongoing exploration and drilling.

With a strong treasury to support their next steps, Lomiko plans to commence a Preliminary Feasibility Study and Environmental Impact Studies while continuing to explore the geological potential of the property. Management believes the PEA clearly demonstrates the potential for Lomiko to become a major North American graphite producer, with a positive after-tax Internal Rate of Return of 21.5% and after-tax Net Present Value of $186 million.

Management cautions that mineral resources are not mineral reserves and do not have demonstrated economic viability.

For a more detailed analysis of the PEA, please refer to the news release. The shares are trading at $0.145. For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91913

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InvestmentPitch Media Video Discusses Lomiko Metals and its Option of Bourier Project in Quebec from Critical Elements as it Prepares to Explore for Lithium - Video Available on Investmentpitch.com

Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has entered into an option agreement with Critical Elements Lithium Corporation giving Lomiko the right to acquire up to a 70% interest in the Bourier project. Lomiko will earn its interest by way of a joint venture agreement.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.

The Bourier project is located approximately 85 km east-northeast of the village of Nemaska and approximately 450 km north-northeast of the town of Val-d'Or, Québec. The Bourier property, potentially a new lithium field in an established lithium district in Quebec, consists of 203 claims covering approximately 10,252 hectares or 102.5 square kilometres.

A. Paul Gill, CEO, stated: "Recent consumer interest in electric vehicles has increased investor interest in Lithium and Graphite, two of the major components of a lithium-ion battery. Quebec is in a unique position of having ample supply of both commodities and now Lomiko has opportunities in additional battery materials."

Jean-Sébastien Lavallée, Critical Elements' CEO, added: "This option agreement with Lomiko will allow the Bourier property to be explored in detail for battery minerals discoveries, such as Lithium, Nickel, Copper and Zinc. Critical Elements is currently focused on the development of its Rose Lithium-Tantalum project. With Lomiko as a joint venture partner in the Bourier project, shareholders of both companies will be able to benefit from successful exploration of a highly prospective project."

The northern boundary of the property is marked by intrusive pink granite. The metasedimentary rocks in the centre of the property are intruded by mafic and ultramafic rocks, granites, pegmatites, and late diabase dykes. The pegmatites occur as either pink, which associated with oligoclase gneisses and granite, or white, which is associated with metasedimentary rocks. Outside of work program complete between 2010 and 2012 for Zinc-Copper and Gold by Monarques Resources Inc., there has been very limited lithium exploration undertaken at the Bourier Property.

The Bourier property is adjacent to the Lemare Lithium property, wholly owned by Critical Elements, where in 2012, a previous operator discovered a "granite pegmatite dyke containing a considerable amount of spodumene", which ranged in apparent thickness from 4.8 to 14.2 metres and was followed for close to 200 metres in length on surface.

Under the first option, Lomiko can earn 49% by paying $50,000 in cash, 5 million shares, and incurring $1.3 million in exploration expenditures by December 31, 2022. Subject to completing this first option, Lomiko can increase its interest to 70% by paying an additional $250,000 in cash, 2.5 million shares, and incurring $2 million in exploration expenditures and delivering a NI 43-101 Resource Estimate by December 31, 2023. Should Lomiko produce a drill-defined NI 43-101 resource estimate of between 5 and 20 million tonnes of lithium oxide, Lomiko will pay up to $2 million, payable in cash or shares, at Lomiko's discretion. Please refer to the company's news release for the specific schedule for these terms.

Critical Elements will retain a 2% NSR on the extraction and production of any minerals on the Bourier Property, of which Lomiko can purchase 1% for $2. million. During the agreement, Critical Elements will be the operator on the property. Critical Elements will also retain the exclusive right to market and act as selling agent for any and all Lithium products, including Lithium ore, concentrate and chemical, resulting from the extraction and production activities on the Bourier Property.

For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82629

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If you cannot view the video above, please visit:

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Lomiko Metals is being featured on BNN Bloomberg on Mar 8th to 14th, 2021, throughout the day and evenings.

www.lomiko.com

About BTV:

BTV-Business Television is Canada's longest running business show. With Hosts Taylor Thoen and Jessica Katrichak, BTV features emerging companies across the country to bring viewers investment opportunities. BTV also produces News Alerts and branding/ awareness spots for issuers broadcast on BNN Bloomberg, Fox Business News, Bloomberg TV US and Bloomberg Terminals. www.b-tv.com

BTV - Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76480

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VIDEO: Altech Batteries Ltd Silumina Anodes Project DFS Expands Output 8-Fold to 120GWh

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that during the finalisation of the Silumina Anodes TM project Definitive Feasibility Study (DFS), Altech has managed to expand the project's output by eightfold, increasing the capacity from 15 gigawatt-hours (GWh) to 120 GWh, with no change to plant and equipment. This significant expansion will effectively cater to the long-term demand for silicon-type anodes within the industry.

Initially, as per the original DFS scope, Altech had proposed the production of 10,000 tons per annum (tpa) of Silumina Anodes TM product, comprising 1,000 tpa of high-purity alumina-coated metallurgical silicon incorporated into 9,000 tpa of similarly coated graphite (10% mix). The plant will now focus on solely producing alumina-coated metallurgical silicon product at a rate of 8,000 tpa. This product will be integrated into the graphite by the customers within their battery plants rather than at Altech's facility.

As a result of this increased production of the 'active' component, the output has expanded by a significant eightfold, rising from 15 GWh to 120 GWh.

According to feedback from potential customers, utilising their existing qualified graphite source is a priority.

Furthermore, although there is a marginal advantage in using alumina-coated graphite, the primary appeal for potential customers lies in integrating Altech-coated silicon into their battery products. Despite initial considerations regarding the benefits of coating graphite with alumina, such as the reduction of first-cycle loss, Altech's research has demonstrated that the cost-to-reward ratio for graphite is relatively minimal.

This recent adjustment to "all silicon" is expected to yield substantial improvements in the bottom-line economics. The most notable advantage lies in the ability to crack the silicon code, preventing expansion defragmentation, as well as curbing the significant first-cycle loss associated with silicon.
Battery manufacturers have the choice to either produce batteries with higher energy density or maintain their current energy density while reducing the graphite content. By decreasing the use of graphite, the cost of producing batteries can be reduced. However, the recent news about China, which accounts for approximately 90% of the global production of lithium-ion battery graphite, imposing limitations on the worldwide export of graphite, has begun to create challenges for battery manufacturers in Europe and the USA.

Altech is currently in talks with Ferroglobe, the European silicon partner of Altech, to boost the supply of metallurgical silicon for the enhanced Silumina Anodes TM project. Moreover, the Company has executed non-disclosure agreements (NDAs) with prominent automotive conglomerates in Europe and the United States, who have shown keen interest in acquiring commercial samples for their testing and qualification procedures. Considering the limited production capacity of Altech's R&D laboratory in Perth, the larger samples will be procured from the Silumina Anodes TM Pilot Plant in Saxony. The Pilot Plant is nearing completion and is expected to be operational in the early part of the upcoming year.

Managing Director Iggy Tan emphasised that the substantial increase in Silumina Anodes TM output by eightfold, achieved without significant changes in the plant or capital costs, represents a notable advancement in Altech's business strategy. Mr Tan highlighted the increasing demand in the lithium-ion battery industry for higher-density batteries, emphasising the necessity to reduce reliance on graphite, particularly in light of the export restrictions imposed by China. Mr Tan expressed confidence that the incorporation of Altech's alumina-coated silicon would assist battery customers in addressing these concerns. Mr Tan further conveyed his enthusiasm regarding the enhanced business model, indicating a positive outlook for the company's future endeavours.

To Watch the Video, please visit:
https://www.abnnewswire.net/lnk/V1264337



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.

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Altech Batteries Ltd CERENERGY Battery Project Upgraded to 120MWh

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that, after the final stages of facility design, the Company has successfully increased the output capacity of the CERENERGY(R) project from 100 MWh to 120 MWh per annum. This enhancement was achieved with the lead engineering company Leadec and joint venture partner Fraunhofer.

Through technical design optimisation, the plant output has been enhanced by 20% without incurring any additional capital costs. Consequently, the annual output will now reach 120 1MWh GridPacks. Despite the relatively small size of the plant, most equipment sizes were standard off-the-shelf capacities, offering ample additional capacity. Upon reviewing the equipment throughput with each supplier, Leadec has advised that the rated output of the plant can be conservatively increased to 120 MWh.

In a recent announcement, Altech revealed the updated design of the 60 KWh battery pack, now featuring a sleek stainless-steel exterior instead of the previous blue paint. This modification has instilled a greater sense of confidence, as the stainless-steel finish is expected to withstand extreme temperature variations better, whether in snowy or desert conditions, whilst maintaining its pristine appearance.

A significant design update involves the stacking method of the 1MWh GridPacks. The enhanced design now permits triple stacking and facilitates seamless interconnection between each GridPack. These GridPacks can be conveniently stacked atop one another, using a simple electrical connection. The connection leads will be incorporated within the GridPack frames, enabling an effortless "plug and play" setup. This configuration allows for the parallel or series connection of GridPacks to augment the operational voltage. This ingenious design substantially minimises the space occupied by grid storage battery packs and eliminates the necessity for separate cooling airflow around the GridPacks, conserving valuable land area. These advantages position the CERENERGY(R) GridPacks as a more advanced alternative to lithium-ion battery solutions.

Group Managing Director Iggy Tan commented on the DFS upgrade to 120 MWh annually. "From the beginning, we recognised a considerable margin built into the different equipment designs. Initially, our approach to facility design was quite conservative. However, as we've progressed in finalising the overall equipment operations, it has become evident that we possess the capability to increase our production rate.

We are currently in the final stages of the DFS, where we are meticulously reviewing all cost factors, including operating consumables and purchased items" he said.

To view the Interview with Iggy Tan, please visit:
https://www.abnnewswire.net/lnk/X0Q26B1K



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 – Cerenergy® Battery Project Upgraded DFS Output to 120 MWh Per Annum

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