Altech Batteries launches a Share Purchase Plan to raise up to $5M for Silumina Anodes and CERENERGY projects.
Altech Batteries (ASX:ATC) announces a Share Purchase Plan (SPP) for eligible shareholders, aiming to raise up to $5M. The SPP offers shares at $0.065 each with a free option for every two shares acquired. Proceeds will fund Silumina Anodes pilot plant and CERENERGY battery packs. This follows a strong Definitive Feasibility Study for CERENERGY, valued at EUR169M NPV(9) and EUR48M free cash flow p.a.
April 17, 2024
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