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Environmental Clean Technologies Limited (ASX:ECT)

ALERT: Price-sensitive ASX Announcement for ECT
Current share price for ECT : $0.110 -0.02 (-15.38%)+
Announcement
Release
30 Oct 2025 8:54AM
Price at Release
$0.130
Full Release
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Summary
Environmental Clean Technologies Limited (ECT) presented its Quarterly Activity Report and Appendix 4C for the quarter ended 30 September 2025. The company announced a binding agreement to acquire Terrajoule Pty Ltd, which holds an option to license Rice University's Flash Joule Heating technology for remediating PFAS and heavy metal-contaminated soils. ECT plans to raise $3M through a share placement and has refreshed its corporate strategy to focus on high-impact, disruptive technologies. The cash flow report highlighted net cash used in operating activities and a net increase in cash equivalents for the period, with significant financing activities including a successful placement and expected further capital raising. The company has also undergone management changes and strategic restructuring.
Key Points
  • Binding agreement to acquire 100% of Terrajoule Pty Ltd shares.
  • Terrajoule holds an exclusive option for Flash Joule Heating technology from Rice University.
  • Firm commitments to raise $3M through a share placement.
  • Refreshed corporate strategy to focus on high-impact, disruptive technologies.
  • Net cash used in operating activities was $389,000.
  • Cash and cash equivalents increased to $559,000 by the end of the quarter.
  • Expected further capital raising of $2.5 million.
  • Management changes include the resignation of CEO John Tranfield and appointment of Faldi Ismail as Executive Chairman.
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.