Energy Technologies

Results of Rights Issue


Energy Technologies Limited (ASX: EGY)(EGY or the Company) is pleased to announce the results of its non-renounceable pro-rata rights issue as announced on Thursday, 12 September 2024.

Capitalised terms used in this announcement but not defined have the meaning given to them in the Offer Booklet lodged by the Company on Friday, 20 September 2024.

Results of the Offer

The Offer closed at 5.00pm (AEST) on Wednesday, 2 October 2024. The Offer raised approximately

$0.4m with Eligible Shareholders subscribing for approximately 14.4m shares (New Shares) at the Issue Price of $0.03 (3 cents) per New Share.

Following the close of the Offer, including the Additional Securities, there is a shortfall of 407,645,638 New Shares ($12,229,369.14).

The Company reserves the right to place the residual Shortfall at the same price on the same terms as the Offer, at the discretion of the Board, for a period of up to 3 months following the Closing Date.

Subject to settlement of funds, the New Shares subscribed for under the Offer are expected to be issued on Wednesday, 9 October 2024, with normal trading of the New Shares expected to commence on Thursday, 10 October 2024.

Source

EGY:AU
Energy Technologies

Energy Technologies Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Energy Technologies

Energy Technologies


Keep reading...Show less

High-quality cable manufacturer and re-seller for the expanding energy and infrastructure markets

Energy Technologies (ASX:EGY)

Exclusive Interview: Energy Technologies CEO Nick Cousins

Energy Technologies (ASX:EGY)CEO Nick Cousins shared that the company is refocusing its business strategy, focusing on the burgeoning renewable energy sector in Australia.

"We're looking at what is essentially a new business," said Cousins in an interview with the Investing News Network, highlighting the fundamental shift to capitalise on tailwinds supporting renewable energy initiatives.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Releases New Investor Presentation

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has updated its investor presentation to reflect the significant progress the Company has made in the execution of its strategy.

Investors can access the presentation on the Company's website at: https://cotec.ca/_resources/presentations/corporate-presentation.pdf?v=032602

Keep reading...Show less
Toyota logo.

Toyota Shares Hydrogen Roadmap, Highlighting On- and Off-Road Opportunities

Toyota Motor (NYSE:TM) reinforced its commitment to hydrogen at the 2025 Hydrogen and Fuel Cell Seminar, laying out a roadmap for expanding its fuel cell technology across multiple industries.

Toyota executives used the event to highlight the company’s latest advancements in hydrogen-powered solutions, emphasizing their role in heavy-duty transport, power generation and industrial applications.

“We are collaborating with companies that would traditionally have been our competition to develop standards for hydrogen fueling connections and protocols, recognizing that an industry standard was of greater benefit than our own competitive advantage,” said Jay Sackett, chief engineer of advanced mobility, in his opening remarks at the event.

Keep reading...Show less
Bankruptcy papers.

Northvolt Files for Bankruptcy, Marking Setback for European Battery Industry

Northvolt, once hailed as Europe's battery manufacturing champion, has filed for bankruptcy in Sweden after failing to secure the financial support necessary to continue operations.

The company cited multiple factors for its collapse in a Wednesday (March 12) release, including rising capital costs, geopolitical instability, supply chain disruptions and shifting market demand.

The bankruptcy represents a significant setback for Europe's ambitions to establish a competitive battery sector against industry giants in China and South Korea. Northvolt had positioned itself as a cornerstone of European energy independence, aiming to build a vertically integrated supply chain for electric vehicle (EV) batteries.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

HyProMag USA Expands Detailed Engineering Phase To Include Three HPMS Vessels And Initiates Concept Studies For Further Expansion And Complementary “Long Loop” Recycling

CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) (“CoTec”) and Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) are pleased to announce that HyProMag USA LLC (“HyProMag USA”) will expand the upcoming detailed design phase of its U.S. permanent magnet recycling and manufacturing project (the “Project”) to include three HPMSi vessels.

In addition, and concurrently, HyProMag USA will begin conceptual studies to evaluate further expansion to triple the capacity of the Project, versus that envisaged in the Feasibility Study, across the Project footprint of Fort Worth, Texas (“Texas Hub”), South Carolina and Nevada as well as integrated USA development of long loop chemical processing, which is complementary to the HPMS short-loop process. Long-loop chemical processing is used to process any material not suitable for short-loop recycling as well as swarf generated from magnet finishing. HyProMag USA is targeting to supply 10% of U.S. domestic demand for NdFeB magnets within five years of commissioning.ii

Keep reading...Show less
Biofuel pump in front of a sunflower field at sunset.

6 US Biofuel Stocks

The global biofuels market was valued at US$64.06 billion in 2024 and is anticipated to reach US$106.02 billion in 2034. Despite previous dips, the outlook for the biofuels industry and US biofuel stocks is positive.

The driving forces behind rising demand for biofuels include the goal of reducing the carbon footprint of transport industries, as well as factors such as a growing need for alternatives to foreign oil and enhanced cost-competitiveness and efficiency of biofuel production technology.

The US is the largest biofuels-producing country in the world by far.

Keep reading...Show less
Clean energy concept.

Hazer Group Completes Pilot Rig Testing Program for FortisBC Project

Hazer Group (ASX:HZR) said on Tuesday (March 4) that a pilot rig testing program has been completed for a project in BC, Canada, that it is collaborating on with Canadian energy utility company FortisBC.

The companies entered into a binding project development agreement in May 2024 to develop a hydrogen production facility in the province using Hazer's technology. FortisBC owns the project and is licensing Hazer's technology for the site, which is designed to produce 2,500 tonnes of hydrogen and 9,500 tonnes of graphite per year.

The project has received C$8 million in funding from the BC government's CleanBC Industry Fund.

Keep reading...Show less
Energy Technologies

Energy Technologies Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×