Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) has recently completed a placement that was conducted in-house. The Company is pleased to advise shareholders that it raised a total amount under the placement of $8,128,506 via the issue of 77,414,345 fully paid shares.
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.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce the successful completion of a $8.1 million (before costs) share placement (Placement) following strong demand.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is delighted to announce a significant breakthrough in lithium-ion battery technology by its research and development laboratory in Perth, Western Australia.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to report on the green credentials assessment that has recently been completed for a battery materials coating plant that is subject to a preliminary feasibility study (PFS) currently being finalised by Altech Industries Germany.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise shareholders and investors that the Company will be presenting as part of the free Broker Briefing Investor Webinar on Thursday 18 November 2021.
In September 2020, Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y) announced the successful laboratory based application of an innovative method for the coating of graphite particles with a nano-layer of alumina.
During the quarter, Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y) reported on the advances that the Company had made with its potentially game changing technology to enable metallurgical grade silicon to be combined with graphite as an anode material in lithium-ion batteries.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce the discovery of halloysite at its Kerrigan kaolin deposit in Western Australia. The halloysite was observed during the recent processing of samples from its 2020 air-core drilling campaign1.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise that a new corporate video titled "Lithium-ion Battery Update" is now available for viewing.
Today, Altech Chemicals is on a verge of a game changing breakthrough that would enable large amounts silicon to be introduced into the graphite anode of lithium-ion batteries.