Aether Catalyst Solutions Announces $1.25M Private Placement to Boost Research and Development

Aether Catalyst Solutions, Inc. ( (TSE:ATHR) ) has issued an update.

Aether Catalyst Solutions, Inc. announced a non-brokered private placement to raise up to $1,250,000 through the issuance of units consisting of common shares and warrants. The proceeds will support ongoing research, a joint development project, an evaluation program with an Asian Tier-1 manufacturer, and general working capital. This move is expected to bolster Aether’s operational capabilities and market positioning, particularly in the automotive and small motors emissions sectors.

More about Aether Catalyst Solutions, Inc.

Aether Catalyst Solutions, Inc. is focused on significantly reducing the cost of automotive catalytic converter catalysts while meeting or exceeding government emission standards. The company is advancing its technology through rapid screening of new materials to enhance end-of-life conversion levels after accelerated aging. While primarily focused on automotive applications, Aether is also developing catalysts for small motors emissions, which are significant contributors to urban air pollution.

YTD Price Performance: 125.00%

Average Trading Volume: 79,437

Technical Sentiment Signal: Sell

Current Market Cap: C$5.17M

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