Altech Batteries trading halt announcement

Altech Batteries (ASX:ATC) has announced a trading halt on its securities. This pause is due to a forthcoming announcement related to a capital raising. The halt will remain in effect until 15 November 2024 or until the announcement is made.

Overview and future outlook of Altech Batteries

Altech Batteries Limited has requested a trading halt as it prepares to make an important announcement about capital raising. This initiative is expected to support its ambitious projects, including the CERENERGY® Sodium Chloride Solid State Battery and Silumina Anodes™ Battery Materials projects. These projects aim to introduce safer and more sustainable alternatives to traditional batteries. The CERENERGY® project involves a joint venture to commercialize sodium chloride solid state batteries, with a facility planned in Germany. The Silumina Anodes™ project focuses on silicon alumina coating technology for the European EV market. Altech has completed a feasibility study for the Silumina Anodes™ and is constructing a pilot plant. The company has received green accreditation and is collaborating with industry partners. With these strategic steps, Altech is positioning itself as a leader in the innovative battery technology sector.

Executive commentary on trading halt

The announcement is authorized by Managing Director Iggy Tan. Contact details for further information include Iggy Tan and Martin Stein, the CFO & Company Secretary.