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Carbonxt Group Limited (ASX:CG1)
ALERT: Price-sensitive ASX Announcement for CG1
Current share price for CG1 : $0.080 0.011 (15.22%)+
Announcement
Release
18 Aug 2026 9:19AM
Price at Release
$0.069
Full Release
Summary
Carbonxt Group Limited has provided a construction update on their Kentucky kiln and additional investment details in NewCarbon Processing, LLC. All necessary replacement parts for the kiln have arrived at the site and are undergoing individual testing. The kiln manufacturer is scheduled to finalize electrical works by the end of August 2026, with completion expected in the September 2026 quarter. Moreover, Carbonxt has increased its investment in NewCarbon by an additional US$250,000, raising its ownership stake to 49.4% and the total investment to US$9.75 million.
Key Points
- All replacement parts for the Kentucky kiln have arrived on-site.
- Each part is being individually retested before installation.
- The kiln manufacturer will complete electrical works by end of August 2026.
- Kiln construction expected to complete in September 2026 quarter.
- Additional US$250,000 investment in NewCarbon Processing, LLC.
- Carbonxt's ownership in NewCarbon increased to 49.4%.
- Total investment in NewCarbon now US$9.75 million.
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.
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