Altech Chemicals Ltd (ASX:ATC) Quarterly Activities Report

Altech Chemicals Ltd (ASX:ATC) provides the Company's Quarterly Activities Report.

Official ground breaking ceremony held at Johor HPA site

- Ground breaking ceremony at Malaysian HPA plant site

- Australian High Commissioner and German Ambassador to Malaysia unveil official opening plaque

- Ceremony attended by partners from Malaysia, Germany, Japan and Australia

- Initial Stage 1 construction works commencing

Patent granted for Kaolin to HPA production process

- Patent granted to Altech for its kaolin to HPA production process

- Affords protection to Altech and its unique 8 step production method

- Altech in a strong position to defend its intellectual property rights

Bullish outlook for HPA demand in the lithium-ion battery sector

- New emerging opportunity for HPA demand in the lithium-ion battery sector

- HPA coating directly onto lithium-ion battery anodes and cathodes

- Quality and consistency key for lithium-ion battery manufacturers

- HPA pricing at ~US$40,000/tonne in Korea and Japan

- Altech's new proposed supply welcomed by South Korean market

- Altech's proposed HPA product quality and capacity well received

Geotechnical survey at Johor site completed

- Geotechnical ground survey program completed

- Site topography, soil stability and soil analysis completed

- Part of Stage 1 construction works

Mezzanine debt due-diligence

- Due diligence process commenced end July 2018

- Advisian appointed as independent technical consultant

- Due diligence is well advanced and on track

Project funding status

- US$190 million senior debt package completed

- Mezzanine debt of US$90 million in due-diligence

- Target 65-70% debt-equity ratio

- Equity via a partial project sell down and/or share placement

- Construction is running concurrent to finance close

To view the full report, please visit:
http://abnnewswire.net/lnk/1WA0276W


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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