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Altech Batteries Limited (ASX:ATC)

ALERT: Price-sensitive ASX Announcement for ATC
Current share price for ATC : $0.002 0 (0%)+
Announcement
Release
7 Aug 2026 5:16PM
Price at Release
$0.002
Full Release
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Summary
Altech Batteries Limited (ATC) announced the discontinuation of its CERENERGY® battery project in Saxony, Germany, as the likelihood of successful funding was deemed too low to justify further operating costs. The decision came after the strategic partner search program did not yield the desired results. This announcement, made on July 31, 2026, followed a trading halt requested due to the information's impact on ATC's securities, which saw a significant price drop. The announcement was released at 12:17 PM AEST, and ATC's response clarified their compliance with ASX Listing Rules, despite the late trading halt request.
Key Points
  • ATC discontinued the CERENERGY® battery project.
  • Strategic partner search program concluded without success.
  • Project discontinuation due to low likelihood of funding.
  • Trading halt requested on July 31, 2026.
  • Significant decrease in ATC's security price following announcement.
  • Compliance with ASX Listing Rules confirmed.
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.