Graphite

South Star Battery Metals Announces Construction and Development Update for the Santa Cruz Graphite Mine in Bahia, Brazil

South Star Battery Metals Announces Construction and Development Update for the Santa Cruz Graphite Mine in Bahia, Brazil

Highlights:

  • Civil and earthworks contractors mobilized, and Santa Cruz is on schedule to complete construction and commissioning by December 2023 .
  • Majority of major equipment contracts signed and down payments completed to lock in equipment CAPEX. All major equipment contracts scheduled to be finalized in January 2023 .
  • Owners team mobilized and preparing for 12-month construction and commissioning.
  • Field work for Phases 2 & 3 environmental permitting completed. On schedule to submit documentation in early Q1 2023.
  • Request for definitive mining concession and the Planned Economic Analysis reports ("PAE") doubling production to 50,000 tonne per year ("tpy") of graphite concentrates for 11 of the 13 mining claims submitted to ANM for review and comment. All PAEs on schedule for submittal by January 2023 .
  • Initial field work for 3 lines of geophysics completed and in interpretation. Remaining field work expected to be completed in January 2023 and final report issued in February 2023 .

 South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBD), is pleased to announce a construction and project development for the Santa Cruz Graphite Mine in Bahia, Brazil .

PHASE 1 CONSTRUCTION UPDATE
  • The majority of the major equipment has been contracted and down payments made to lock in largest portion of Phase 1 capital expenditures ("CAPEX"). All major equipment contracts are on schedule to be signed by January 2023 . Shop drawings are being finalized by equipment manufacturers, and final engineering documentation for construction is on schedule to be completed by February 10 th , 2023.
  • Civil and earthworks contractors are under contract and mobilized. Civil infrastructure including initial offices, showers, bathrooms and other infrastructure is 50% completed and on schedule to be completed by January 6 th 2023. The earthworks contractor is mobilized, and clearing and topsoil stockpiling operations of the plant site are underway.

Figure 1: Clearing and Topsoil Removal of Phase 1 Plant Location (CNW Group/South Star Battery Metals Corp.)

  • The owners team is complete and mobilized to oversee the 12-month construction and commissioning schedule.
PHASES 2 & 3 PERMITTING AND LICENSING UPDATE
  • The field work for the environmental permitting of Phases 2 & 3 has been completed, and the Company is on schedule to submit the permitting documentation/studies to the Municipality of Itabela, Bahia by the end of January 2023 . The terms of reference and requested studies for Phases 2 & 3 are similar in process and substance to the Phase 1 environmental permitting process.
  • Requests for definitive mining concession and the Planned Economic Analysis reports (PAE) doubling production to 50,000 tpy of graphite concentrates for 11 of the 13 mining claims have been submitted to Brazilian Mining Agency ("ANM") for review and comment. All 13 PAEs are planned to be submitted by January 2023 .
  • Permitting and licensing for Phases 2 & 3 are planned to be approved around the time the Phase 1 operations are in commissioning in Q4 of 2023.
EXPLORATION UPDATE
  • The geophysics team has completed the field work for the first three lines of electrical resistivity ("ER") with 10m electrode spacing with an estimated penetration of 80-90 meters. The lines were completed on sections with known geology and graphite grades based on recent drilling program. The results are being interpreted and then will be compared to the known geologic sections and graphitic carbon ("Cg") grade. If the ER proves effective in identifying potential targets and mineralized zones/limits, then additional 3-4 kms of ER will be completed in January 2023 . The results will be used to plan and prioritize the 2023 drilling program.

Richard Pearce , CEO of South Star, said, "We are closing out 2022 having reached another important milestone, and Phase 1 commercial production is planned for December 2023 . It is great to be fully funded for Phase 1, as well as getting equipment purchased and contractors mobilized. Civil support infrastructure construction is about 50% complete, and clearing and stripping operations of the plant site are underway. We will be working through the end of the year and look forward to hitting the ground running so that 2023 will be a watershed moment for South Star, as we transition from a development project to an operating mine. We are confident in delivering on our promise to be the first new graphite production in the Americas since 1996. We will be posting regular updates, videos and photos on our social media and website, so that shareholders, stakeholders and potential clients have a clear vision of our path to production."

South Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95%-99% Cg. With excellent infrastructure and logistics, South Star is fully funded for Phase 1, and the 12-month construction and commissioning are underway. Santa Cruz will be the first new graphite production in the Americas since 1996 with Phase 1 commercial production projected in Q4 2023.

South Star's next project in the development pipeline is a project in Alabama located in the middle of a developing electric vehicle, aerospace and defense hub in the southeastern United States.  The Project is a historic mine active during World Wars I & II.  Trenching, phase 1 drilling, sampling, analysis and preliminary metallurgic testing has been completed.  The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 94-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions.  South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com .

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals - YouTube

CAUTIONARY STATEMENT

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

South Star Battery Metals Corp. Logo (CNW Group/South Star Battery Metals Corp.)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/south-star-battery-metals-announces-construction-and-development-update-for-the-santa-cruz-graphite-mine-in-bahia-brazil-301710491.html

SOURCE South Star Battery Metals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/28/c6279.html

News Provided by Canada Newswire via QuoteMedia

STS:CA
South Star Battery Metals Corp

South Star Battery Metals


Keep reading...Show less
South Star Battery Metals Successfully Completes Maiden Drilling for Its Graphite Project in Alabama, US and Announces Positive Preliminary Results

South Star Battery Metals Successfully Completes Maiden Drilling for Its Graphite Project in Alabama, US and Announces Positive Preliminary Results

Highlights:

  • Successful completion of 12 hole maiden diamond drilling program ( 506m ) confirming at- or near-surface mineralization with a total of 324.5 meters of mineralization and an average weighted grade of 2.12% Cg.
  • All the holes have significant intervals with grades typically ranging from 1.5% to 4.5% Cg and consistent mineralized zones.
  • All information and data will be compiled and used to complete the maiden NI 43-101 resource estimate planned for Q1 2023.

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBD), is pleased to announce the completion of its maiden drilling campaign and complete assay results on schedule at its Ceylon Project in Coosa County, Alabama United States.  The drill program was carried out by Logan Drilling USA and consisted of 12 holes of HQ core and totaled 506 meters. Sample assays for all 12 holes were completed at Activation Laboratory Ltd. ("Actlabs") in Ontario, Canada .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Closing of a Non-Brokered Private Placement

South Star Battery Metals Announces Closing of a Non-Brokered Private Placement

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has completed a non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$230,166 . This Offering is related to the Company's previous private placement completed in November 2022 (See press release dated Nov. 16, 2022 ), but funds were received in January of 2023. Net proceeds from the Private Placement will be used for exploration, development, Phase 1 construction activities, corporate G&A and general working capital requirements. Phase 1 commercial production is planned for Q4 2023.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
South Star Battery Metals Successfully Completes First Phase of Drilling and Pilot Plant Metallurgical Testing for Its Graphite Project in Alabama, US and Announces Positive Preliminary Results

South Star Battery Metals Successfully Completes First Phase of Drilling and Pilot Plant Metallurgical Testing for Its Graphite Project in Alabama, US and Announces Positive Preliminary Results

Highlights:
  • Successful completion of maiden drilling program confirming at- or near-surface mineralization with 16.5m (CD2201) at 2.73% Cg, 18m (CD2202) at 2.67% Cg, 28.5m (CD2203) at 2.50% Cg, 51m (CD2204) at 2.35% Cg, 9.5m (CD2209) at 2.42% Cg, and 8m (CD2210) at 2.90% Cg.
  • All drilling assays should be completed yearend 2022. All information and data will be compiled and used to complete the maiden NI 43-101 resource estimate planned for Q1 2023.
  • Successful completion of 3-ton pilot plant metallurgical testing confirms the bench scale testing results and flowsheet. The pilot plant generated approximately 30kg of 94% Cg concentrates that will be used for characterization of physiochemical properties and advanced value-add/battery testing.
  • Advanced value-add/battery testing is planned to be completed in Q2 2023.

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBD), is pleased to announce the completion of its maiden drilling campaign on schedule at its Ceylon Project in Coosa County, Alabama United States . The drill program was carried out by Logan Drilling USA and consisted of 12 holes of HQ core and totaled 506 meters. Sample assays for the first 6 holes were completed at Activation Laboratory Ltd. ("Actlabs") in Ontario, Canada and the remaining results are expected to be completed by the end of the year. The Company would also like to announce that pilot plant metallurgical testing of 3 tons of bulk sampled material at the Mineral Research Laboratory of North Carolina State University ("MRL") is also complete. Three tons of sampled material from the project were milled and subjected to rougher and cleaner flotation steps to produce approximately 30 kgs of flake graphite concentrate. The concentrate will be sent to our technological partner in the United States ("US Lab" 1 ) for physical and chemical characterization and value-addbattery testing.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Closing of US$10 Million Financing with Sprott Private Resource Streaming and Royalty Corp. and Full Funding for Phase 1 Construction

South Star Battery Metals Announces Closing of US$10 Million Financing with Sprott Private Resource Streaming and Royalty Corp. and Full Funding for Phase 1 Construction

 South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has closed the Phase 1 deposit (the "Phase 1 Deposit")  transaction under the previously announced metals purchase and sale agreement (the "Agreement") with Sprott Private Resource Streaming and Royalty Corp. ("Sprott") (see April 5, 2022 April 18, 2022 and October 5, 2022 press releases). With the closing of the recent private placements and receipt of the Phase 1 Deposit to fund CAPEX pursuant to the Agreement, the Company believes it is fully funded for construction of the Phase 1 plant and mine at its Santa Cruz Graphite mine in Bahia, Brazil (the " Santa Cruz or Project").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Closing of $2.3 Million of the Non-Brokered Private Placement and Phase 1 Construction Updates

South Star Battery Metals Announces Closing of $2.3 Million of the Non-Brokered Private Placement and Phase 1 Construction Updates

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has completed the second tranche of its previously announced non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$2,326,700 . The entire second tranche of the Offering was with global institutional investors who are very familiar with the battery metals and mining sectors. Net proceeds from the Private Placement will be used for exploration, development, construction activities, corporate G&A and general working capital requirements. Phase 1 commercial production is planned for Q4 2023.

South Star Battery Metals Announces Closing of $2.3 Million of the Non-Brokered Private Placement and Phase 1 Construction Updates (CNW Group/South Star Battery Metals Corp.)

With the closing of the second tranche of the financing, the Company should meet all the condition precedents to the Phase 1 closing under the Sprott Private Resource Streaming and Royalty Corp. ("Sprott") streaming agreement ("Agreement") (see April 5, 2022 , April 18, 2022 and October 5, 2022 press releases). The Company anticipates the Phase 1 closing under the Sprott Agreement in November 2022.  With the release of the Phase 1 funds of US$10,000,000 for CAPEX due on closing under the Sprott Agreement, the Company will be fully funded for construction of the Phase 1 plant and mine at the Santa Cruz Graphite mine in Bahia, Brazil .

Richard Pearce , CEO of South Star, said, "We have successfully partnered with strong, long-term institutional investors familiar with Brazil , mineral resources and battery metals sector. We should close the Sprott Agreement in short order and will be fully funded for Phase 1 CAPEX. The owner's team is in place for construction, and we have started signing contracts as well as making down payments on critical path major equipment. Earthworks and civil infrastructure contractors are signed with mobilization planned in early December 2022 . All the other contractors for Phase 1 have been prequalified, and we are finalising the negotiations for the balance of the contracts. We will deliver on our promise and commitment to be the first new graphite production since 1996. Our team is looking forward to putting shovels in the ground and moving the Project off the paper and into reality. Having started investing in Santa Cruz in 2010, we are very excited to have near-term production and cashflows on the horizon."

The second tranche of the Private Placement consists of 4,390,000 units priced at C$0.53 per unit (the "Units"). Each Unit consists of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of C$1.25 per common share for a period of five years from the date of issue. The securities issued in this first tranche closing will be subject to a four-month hold period from the date of closing and approval by the TSXV, expiring March 16, 2023 . In connection with closing of the second tranche of the Private Placement, the Company issued an aggregate amount of 73,300 finders' warrants and paid $116,547 in cash finders' fees to a certain finder.  Each finders' warrant entitles the holder to acquire one common share of the Company for a period of five years from the date of issue at a price of $0.53 .  These finders' warrants are in addition to 77,944 finder's warrants issued in connection with the closing of the first tranche of the Private Placement.  An aggregate of 8,750 of the finder's warrants issued in connection with the first tranche were exercisable at a price of $1.25 for five years from the date of issue.   An aggregate of 69,194 of the finders' warrants issued in connection with the first tranche were exercisable at a price of $0.53 for five years from the date of issue.

Acceleration Clause

If during a period of ten consecutive trading days between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants the daily volume weighted average trading price of the common shares of the Company on the TSXV (or such other stock exchange where the majority of the trading volume occurs) exceeds C$2.50 for each of those ten consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. ( Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. ( Vancouver time) on the 30th day following the giving of such notice will expire at that time.

Two directors of the Company subscribed in the Private Placement for an aggregate of 137,736 units for gross proceeds of $73,000 .  Each transaction with the directors constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company is relying on the exemptions under section 5.5(a) and section 5.7(1)(b) from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the Private Placement, insofar as it involves related parties, does not exceed 25% of the Company's market capitalization (as determined under MI 61-101). The Company did not file a material change report at least 21 days before the closing of the private placement as the details of the private placement and the participation therein by related parties of the Company were not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.

South Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95%-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2023.

South Star's next project in the development pipeline is a project in Alabama located in the middle of a developing electric vehicle, aerospace and defence hub in the southeastern United States.  The Project is a historic mine active during World Wars I & II.  Trenching, sampling, analysis and preliminary metallurgic testing has been completed.  The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions.  South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com .

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals - YouTube

CAUTIONARY STATEMENT

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: closing of the second trance of the financing and the Sprott Agreement, TSXV acceptance of the PIF, final TSXV approval of the financing, risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/south-star-battery-metals-announces-closing-of-2-3-million-of-the-non-brokered-private-placement-and-phase-1-construction-updates-301680761.html

SOURCE South Star Battery Metals Corp.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Altech Chemicals Ltd Quarterly Activities Report

Perth, Australia (ABN Newswire) - Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y), in relation to its battery joint venture with Fraunhofer, has designed and launched the CERENERGY Sodium Alumina Solid State (SAS) 60 KWh battery pack (ABS60) designed for the renewable energy and grid storage market.

Based on preliminary discussions with potential off-takers for the 100MWh CERENERGY battery project, the proposed battery module for 10 kilowatt-hours (KWh) has been superseded by a 60 kilowatt-hour (KWh) battery pack (ABS60) rated at a higher voltage of 620 volts and 100 amp hour (Ah).

A video of the battery design can be seen on Altech web site www.altechchemicals.com or on You Tube https://youtu.be/OHPdGvaOlmI

On 14 September 2022, Altech announced a JV Agreement with world-leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise Fraunhofer's revolutionary CERENERGY Sodium Alumina Solid State (SAS) Battery.

Altech, together with associated Altech Advanced Material AG, is the majority owner at 75% of the JV company, which is now commercialising a 100 MWh project to be constructed on Altech's land in Schwarze Pumpe, Germany. CERENERGY batteries are the game-changing grid storage alternative to lithium-ion batteries. CERENERGY 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 AltechFraunhofer joint venture is developing a 100 MWh SAS battery plant (Train 1) on Altech's site in Saxony, Germany specifically focussed on the grid (stationary) energy storage market.

The ABS60 battery pack will consist of 240 CERENERGY cells (rated at 2.5 V each) arranged in 4 rows of 12 cells, and 5 cell modules high. The battery packs will have a dimension of 2.6m high, 0.4m long and 1.0m in width. The packs are designed for Ingress Protection (IP) 65 standard (levels of sealing effectiveness of electrical enclosures) which means that they will be dust and weatherproof. The battery packs can be installed outdoors in all weather conditions. Since the CERENERGY batteries can operate at a very wide temperature range, minus (-) 40 deg C to plus (+) 60 deg C, the battery pack will be ideal for the cold European climates. In addition, being fire-proof, the ABS60 battery packs will be safe to be installed indoors where lithium-ion batteries are prohibited.

Renewable Energy and Grid Storage Applications

Renewable energy is being deployed around the globe. A new report shows renewable energy sources were used to meet the rise in global electricity demand in the first half of 2022.

Forecast reports also show that the grid storage market is expected to grow by 28% CAGR in the coming decades. The global battery energy storage systems market is expected to grow from USD 4.4 billion in 2022 to USD 15.1 billion by 2027.

Or further out, growth is expected from 20 GW in 2020 to over 3,000 GW by 2050. SAS batteries can provide high security at low acquisition and operating costs for stationary energy storage markets.

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/S78698ND



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

News Provided by ABN Newswire via QuoteMedia

[subscribe_company_profile use_post="101821931"]

Keep reading...Show less

Altech Chemicals Ltd Interview with MD Iggy Tan Update CERENERGY Battery Project

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) advises that a recent interview with Managing Director Iggy Tan can be found on the Company's website.

In the interview, Iggy discusses Altech's recent progress with Fraunhofer on the joint venture to commercialise the 100 MWh Sodium Alumina Solid State Batteries for grid energy storage in Saxony, Germany. Iggy discusses the expert workshops held in Germany, the finalisation of the design basis for the plant, all major suppliers being selected, and provides an update on the marketing and front.

To view the Video Interview, please visit:
https://www.abnnewswire.net/lnk/G7YLQ0EQ



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

News Provided by ABN Newswire via QuoteMedia

[subscribe_company_profile use_post="101821931"]

Keep reading...Show less
Altech Chemicals Ltd  Update of CERENERGY Battery Project

Altech Chemicals Ltd Update of CERENERGY Battery Project

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide an update on its CERENERGY(R) battery joint venture with Fraunhofer IKTS ("Fraunhofer").

On 14 September 2022, Altech executed a Joint Venture Shareholders' Agreement with the world-leading German battery institute Fraunhofer to commercialise Fraunhofer's revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) battery. On 26 October 2022, Altech appointed leading German company Leadec Automation & Engineering GmbH (Leadec) as the lead engineer for the Definitive Feasibility Study in relation to its CERENERGY(R) 100MWh battery project. On 7 November 2022, Altech announced that it had designed and launched the CERENERGY(R) SAS 60 KWh battery pack (ABS60) designed for the renewable energy and grid storage market.

Since then, there has been outstanding progress and advancement of the CERENERGY(R) project.

During this period, two critical expert workshops were held on 13-14 October 2022 and 8 December 2022, at Altech's site in Schwarze Pumpe, Germany. The workshops were attended by Altech personnel, Leadec's process and automation engineering team, and the Fraunhofer CERENERGY(R) expert battery team. The workshops were headed and led by Managing Director Iggy Tan with the objective to bring forward detailed design requirements as well as efficient industrial production plant design. The team was able to finalise the design basis for the 100MWh battery with the production of the 60-kilowatt hour (KWh) ABS60 battery packs amounting to 1,666 packs per annum. The Fraunhofer experts have been involved in technical information transfer so as to ensure an optimal production process and progressing thermal modelling of the 60 KWh ABS60 battery packs to optimise the battery pack casing design and battery management systems.

Leadec, the lead engineering company, is currently developing technical specifications for potential suppliers to quote on. A preliminary layout of the battery plant has been completed. Major milestones have been achieved in a very short period of time.

As part of the workshops, potential equipment suppliers recommended by Fraunhofer were invited to present their proposals in terms of technical capabilities, cost and timelines. The key equipment suppliers have now been finalised and are being integrated to work closely with the various project teams. During the period, Altech also appointed ARIKON Infrastruktur GmbH (Arikon) to manage the approval process, site infrastructure requirements, and balance of plant for the CERENERGY(R) SAS battery facility. Arikon will be responsible for managing the application process and working with relevant regulatory bodies to obtain all necessary approvals for the project. This includes securing necessary permits and licenses, coordinating with local authorities and arranging utility connections. Additionally, Arikon will be responsible for designing the site infrastructure requirements for the site.

On the marketing front, Altech's business development team is communicating with potential customers that have expressed interest in the supply of CERENERGY(R) batteries and the technology. This includes a leading German energy producer that has expressed an imminent requirement to secure energy storage solutions. As the world transitions from a fossil fuel economy to a sustainable energy economy, scale and ramp up of battery storage solutions are required. Altech is aiming to secure off-take interest as part of the DFS as support for funding the project.

On the finance front, Altech is exploring various grant schemes within Germany at state and federal level as well as the EU, to support financing the project. Altech has also held discussions with leading European banks in preparation for the funding stage.

Managing Director Iggy Tan was extremely pleased with the progress of the CERENERGY(R) Battery Project and stated "We have moved very quickly on the opportunity and managed to close the joint venture Agreement with Fraunhofer and incorporated two companies in just two months, with one month being the August holidays in Germany. Since that time, we have raced to get the project moving with several commencement workshops. We have also appointed key engineering companies like Leadec and Arikon.

We have also launched the design for the 60 KWh battery pack for the renewable energy storage sector.

To date, all plant and equipment suppliers have been selected. On the marketing front, the team have been having discussions with potential interested off take parties. I am very pleased with the team we have assembled, and the outstanding progress made thus far".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/A2X1ZNCB



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

News Provided by ABN Newswire via QuoteMedia

[subscribe_company_profile use_post="101821931"]

Keep reading...Show less
International Graphite

International Graphite Confirms Third High Grade Discovery At Springdale Graphite Project – ‘Springdale South’

International Graphite Limited (ASX:IG6) is pleased to announce the results of a further 10 reverse circulation (RC) exploration holes from drilling at the Springdale Graphite Project (“Springdale” or the “Project”), near Hopetoun and 25km south of Ravensthorpe in Western Australia (Figure 1).

Keep reading...Show less

NMG Announces the Engagement of Red Cloud Securities and Specifies the Grant of Consultant Options

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSXV: NOU ) announces the engagement of Red Cloud Securities to provide liquidity services to the Company. Also, NMG specifies that the new options granted on December 1, 2022, to two consultants, will vest at certain conditions on or before March 28, 2025, and will expire two (2) years following the vesting of those options (no later than March 28, 2027).

Engagement of Red Cloud Securities
NMG announces that it has retained Red Cloud Securities ("Red Cloud"), subject to all required regulatory approvals, including the approval of the TSX Venture Exchange (the "Exchange") to provide liquidity services to the Company in compliance with the policies and guidelines of the Exchange and other applicable legislation, pursuant to an agreement engagement letter entered into between the Company and Red Cloud effective January 2, 2023 (the "Agreement"). Red Cloud is a Toronto-based financial services company that helps mineral exploration and mining companies with accessing capital markets and enhancing their corporate profile. Red Cloud is not promoting the specific purchase or sale of securities. Red Cloud will trade shares of NMG on the Exchange for the purposes of maintaining a reasonable market and improving the liquidity of NMG's common shares.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×