Altech Batteries Ltd Stock Market Press Releases and Company Profile
Quarterly Activities Report
Quarterly Activities Report

Perth, July 31, 2018 AEST (ABN Newswire) - Altech Chemicals Ltd (googlechartASX:ATC) provides the Company's Quarterly Report.

Altech received mezzanine debt term sheet

- US$ 90 million indicative mezzanine debt term sheet received

- Follows extensive preliminary project due diligence

- Global investment banking group

Final payments made for Johor site

- Final instalments for Malaysian high purity alumina (HPA) plant site now paid

- Secures the 4ha industrial land site within the Tanjung Langsat Industrial Complex

- 30 year lease with option to renew for an additional 30 years

Malaysian manufacturing licence received

- Manufacturing licence received for 4,500tpa HPA plant

- HPA project represents total investment in Malaysia of 1.2 billion ringgit

- Strong support from Malaysian Investment Development Authority (MIDA) and the Johor and Malaysian governments

Forecast surge in HPA demand from lithium-ion battery sector

- HPA joins lithium, cobalt, nickel and copper as a recognised key input to lithium-ion batteries

- Higher battery energy density is driving migration to HPA coated battery separators

- Adoption of nickel based battery cathodes underpinning transition to HPA coated separators

- Significant increase in forecast HPA powder demand to 2025

- Altech ideally positioned to capitalise on forecast increase in HPA demand

US$ 60m stream finance term sheet signed

- US$ 60 million stream finance term sheet executed

- Structured alternate financing option

- Works in conjunction with off-take sales arrangement

- Global investment firm with US$ 4.5b under management

A$ 20m capital raising to commence HPA plant construction in Malaysia

- Share placement raises A$ 17 million

- Share Purchase Plan to raise up to an additional A$ 3 million

- Funds will be used to commence construction in Johor, Malaysia

- Strong support from a range of institutional and professional investors

Stage 1 Construction Agreement executed for Johor plant

- Stage 1 works construction agreement executed with SMS group

- Works to occur in parallel with project financial close

- Bulk earthworks, retaining walls, storm water tanks, foundation piling and maintenance building

- Majority of the A$ 10 million site works credited against US$ 280 million EPC contract

HPA Site clearance completed

- Altech completes HPA site clearance works at Johor, Malaysia

- Key development milestone for Altech's HPA project

To view the full report, please visit:
http://abnnewswire.net/lnk/QJWKK798


About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech 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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Contact

Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com



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