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Hannans Limited ( (AU:RIL) ) just unveiled an announcement.
Redivium Limited has announced an extension to the closing date of its entitlement offer, allowing eligible shareholders more time to purchase new shares at a price of $0.001 each. This move is expected to help the company raise approximately $3.39 million, bolstering its resources to advance its vision of becoming a leading European battery recycler and materials producer.
More about Hannans Limited
Redivium Limited is a company focused on advanced battery recycling technology across Europe, targeting multiple battery chemistries. It holds commercialization rights to technology developed by Neometals and licensed from ACN 630 589 507 Pty Ltd for regions including the UK, Ireland, Scandinavia, Italy, and South East Europe. The company aims to eliminate lithium-ion battery waste and recover valuable materials for reuse, aligning with EU regulations and funding to support the automotive industry’s electrification and energy storage.
Current Market Cap: A$13.58M
See more insights into RIL stock on TipRanks’ Stock Analysis page.