Altech Chemicals Limited (AU:ATC) has released an update.
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Altech Batteries Limited has successfully raised $4 million through an oversubscribed placement of shares priced at a 50% premium, reflecting strong investor confidence. The funds will support the advancement of their CERENERGY® battery project and the Silumina Anodes™ pilot plant, with additional plans for a 4 GWh battery factory study. This capital injection signifies a crucial step towards the commercialisation of Altech’s innovative battery technologies.
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