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Altech Batteries Limited (ASX:ATC)

ALERT: Price-sensitive ASX Announcement for ATC
Current share price for ATC : $0.008 -0.01 (-55.56%)+
Announcement
Release
29 Apr 2026 1:25PM
Price at Release
$0.018
Full Release
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Summary
Altech Batteries Limited reported on their quarterly activities and cash flow for the period ending 31 March 2026. The report highlights the significant progress on the CERENERGY® Sodium-Chloride Solid-State battery project in Saxony, Germany, which secured a conditional binding funding approval of €46.11 million from Germany’s STARK program. The grant covers approximately 30% of eligible investment costs and supports the construction of a 120 MWh battery manufacturing facility. The company is focused on achieving financial closure by June 2026. Additionally, Altech repositioned its Silumina Anodes™ R&D laboratory to Germany to enhance operational and cost efficiencies. The company also surrendered a non-core exploration license to reduce operating costs. Cash and cash equivalents at the end of the quarter were $1.4 million with estimated funding available for 1.48 quarters, prompting efforts to secure strategic partners for capital infusion.
Key Points
  • Altech secured €46.11 million in funding for CERENERGY® project from Germany’s STARK program.
  • Funding covers 30% of eligible costs, aiding the 120 MWh battery facility construction.
  • Financial closure targeted by June 2026.
  • Silumina Anodes™ R&D lab moved to Germany for strategic benefits.
  • Surrendered a non-core exploration license to cut costs.
  • Cash and cash equivalents at quarter-end were $1.4 million.
  • Estimated funding for 1.48 quarters available.
  • Efforts ongoing to secure strategic partners for further capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.