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nanollose Limited (ASX:NC6)

ALERT: Price-sensitive ASX Announcement for NC6
Current share price for NC6 : $0.070 -0.011 (-13.58%)+
Announcement
Release
30 Apr 2026 5:22PM
Price at Release
$0.081
Full Release
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Summary
Nanollose Limited reported significant progress in its quarterly activities for the period ending 31 March 2026. The company successfully completed the fourth pilot production spin of its eco-friendly Nullarbor™ fibre, producing 580kg without the need for additional pre-processing. This milestone validates the fibre's compatibility with existing lyocell infrastructure. Financially, the company received a $311,000 R&D Tax Incentive rebate, enhancing its cash reserves, which stood at $494,000 at quarter-end. Nanollose also received $521,000 from equity proceeds. The strategic focus remains on commercializing Nullarbor™ fibre within the $20bn regenerated cellulosic fibre market, supported by process improvements that enhance production efficiency by 60%. The company continues to strengthen its intellectual property portfolio, which now includes 15 patents and 8 trademarks. Additionally, Nanollose is planning to establish its first dedicated microbial cellulose processing facility. A board change was noted with the resignation of Ms Heidi Beatty.
Key Points
  • Successful completion of the fourth pilot spin of Nullarbor™ fibre, producing 580kg, validating integration into existing infrastructure.
  • Received $311,000 R&D Tax Incentive rebate, bolstering cash reserves.
  • Significant process improvements demonstrated at laboratory scale with 60% efficiency uplift.
  • Strategic focus on commercializing Nullarbor™ fibre in the $20bn regenerated cellulosic fibre market.
  • Cash balance of $494,000 at the end of March 2026 quarter, up from $272,000.
  • Equity proceeds of $521,000 received during the quarter.
  • Board changes with the resignation of Non-Executive Director Ms Heidi Beatty.
  • Engagement with partners for yarn and fabric conversion and evaluation.
  • Strong IP position with 15 patents and 8 trademarks.
  • Plan to establish first dedicated microbial cellulose processing facility.
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.