Altech Chemicals secures HPA plant site with final payment
The company has paid the final instalments totalling A$5.1 million for the plant site.
Company
Altech Batteries Ltd
ASX:ATC
Altech Batteries Ltd is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS to commercialise the revolutionary CERENERGY® Sodium Chloride Solid State Battery. CERENERGY® batteries are the game-changing alternative to lithium-ion batteries.
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Altech Chemicals receives US$120 million debt term sheet
The proposed HPA plant in Malaysia will be fed by the company's kaolin mine.
Altech Chemicals settles Meckering land purchase providing access to kaolin feedstock
Finalisation of the purchase is another important milestone in progressing the HPA project.
Altech closes in on securing project financing for alumina plant and feeder mine
The company is satisfying conditions in order to draw down on US$190 million debt.
Altech Chemicals has key catalyst on the horizon as it trades at steep discount to broker valuations
High purity alumina (HPA) is a high-value, robust margin and heavily sought-after product.
Altech Chemicals patent application further protects high purity alumina technology
The new patent application incorporates refinements made to the HPA technology.
Altech Chemicals has manufacturing licence approved for HPA plant in Malaysia
The company is also seeking tax exemption status for the 1.2bln ringgit alumina plant.
Altech Chemicals finalises US$190 million finance package for Alumina plant
Altech is exploring potential project-level joint venture options.
Altech Chemicals sees heightened interest in its alumina project in Malaysia
KfW IPEX-Bank approved an increased project finance debt package of US$190 million.
Altech Chemicals submits manufacturing licence application in Malaysia
The company is planning a $380 million high-purity alumina plant in Malaysia.
Altech Chemicals receives additional support for high purity alumina
Altech's total debt package has increased to US$190 million.
Altech Chemicals has a new substantial shareholder
The company is developing a high purity alumina (HPA) plant in Malaysia.
Altech Chemicals shares rise as project financing is advanced
A German regulatory body has provided support for the producer of high purity alumina.
Altech Chemicals attracts US$11M funding for Malaysian alumina project
Alumina demand is driven by the booming LED industry.
Altech Chemicals raising $17.2M for high purity alumina project in Malaysia
Global alumina demand is rising driven by the growth in the adoption of LEDs.
Altech Chemicals moves towards finalising raising
Altech remains focused on advancing its high purity alumina asset.
Altech Chemicals study confirms US$505 million valuation
The alumina pricing that has been used in the financial model is conservative.
Altech Chemicals to lift cash balance as it eyes lithium battery sector
The halt will remain in place until Wednesday 25th October 2017.
Altech Chemicals upgrades alumina plant design, targets lithium battery sector
High purity alumina used in batteries as coating for fire resistance.
Altech Chemicals gets ready to start construction at Meckering kaolin mine
Kaolin ore reserve of 1.224 million tonnes at 30% aluminium oxide.
Altech's Iggy Tan discussed high purity alumina demand at Proactive's CEO Sessions
Iggy Tan discussed the company at Proactive's CEO Sessions.
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Altech's Iggy Tan brings high purity alumina plans to Proactive's CEO Sessions
Find out more from Iggy Tan at Proactive's CEO Sessions.
Gold Road to showcase Gruyere Joint Venture at the Proactive's CEO Sessions
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Silver City's Chris Torrey brings Copper Blow drilling program to Proactive's CEO Sessions
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Altech Chemicals' shares lift on finance approval timeline
HPA is a critical ingredient to produce synthetic sapphire.
Altech Chemicals granted works approval at Meckering kaolin deposit
Altech is now ready for funding to commence operations at Meckering.
Altech Chemicals hands over Malaysian project to new contractor
Transfer of all engineering data to SMS group’s EPC team successfully completed.
Altech Chemicals Ltd gets vote of confidence from German contractor
This is an endorsement of Altech’s proposed high purity alumina plant.
Altech Chemicals receives strong support in raising
Altech is aiming to become a world leading supplier of high purity alumina.
Altech Chemicals largest shareholder lifts stake
Altech is aiming to become one of the world's leading suppliers of 99.99% HPA.
Altech Chemicals nears due diligence completion for finance
Altech is aiming to become one of the world's leading suppliers of 99.99% HPA.
Altech Chemicals discounted share purchase plan remains open
HPA is a high-value, high margin and highly demanded product.
Altech Chemicals appoints contractor for Malaysia alumina plant
The new contractor bodes well for German export credit agency (ECA) financing.
Altech Chemicals follows up placement with share purchase plan
The SPP follows a $2 million placement to a major investor.
Altech Chemicals on-track at Malaysian high purity alumina plant
Altech recently placed $2 million to existing cornerstone investor MAA Group Bhd.
Altech Chemicals places shares with cornerstone investor
The company has raised $2 million by placing shares to an existing investor.
Altech Chemicals takes high purity alumina to European investors
Frankfurt is the world's third largest exchange by trading volume.
Altech Chemicals gains mining approval at Meckering
Altech is aiming to become one of the world's leading suppliers of 99.99% HPA.
Altech Chemicals moves closer to alumina plant construction financing
Altech has been working exclusively with German KfW IPEX-Bank on project finance.
Altech Chemicals remains busy progressing high purity alumina project
Altech has been working exclusively with German KfW IPEX-Bank.
Altech Chemicals takes step forward in development of Meckering mine
Iggy Tan, MD, commented: "The company is delighted to have rapidly progressed to the next stage."
Altech Chemicals Ltd signs 20 year lease at plant site in Malaysia
A lease signing ceremony was held earlier in the week.
Altech Chemicals Ltd to benefit from growing global HPA demand
Altech is aiming to become one of the world's leading suppliers of 99.99% HPA.
Altech Chemicals Ltd finalising design and engineering of HPA plant site
Altech is aiming to become one of the world's leading suppliers of 99.99% HPA.
Altech Chemicals Ltd opens office at HPA plant site in Malaysia
Iggy Tan, managing director, commented: “The opening of the company’s Malaysian office is another positive step in advancing development of Altech’s HPA project."
Altech Chemicals Ltd eye project financing and off-takes
Altech continues to make progress to build a HPA plant in Malaysia.
Altech Chemicals posts maiden Ore Reserve at Meckering
The maiden Ore Reserve at Meckering represents another milestone for Altech as it looks to become one of the world's leading suppliers of 99.99% HPA.
Altech Chemicals Ltd in final planning phase for high purity alumina plant
Altech is in the fortunate position of having been able to fast track detailed design and engineering, primarily because of the comprehensive engineering work undertaken during the bankable feasibility study phase of the project.
Altech Chemicals Ltd receives lenders first draft indicative term sheet
Iggy Tan, MD, commented: “The debt financing is progressing well and the senior facility agreement indicative terms and conditions presented by KfW IPEX-Bank is the next important step towards securing finance."
Altech Chemicals Ltd simplifies debt financing for Malaysian alumina plant
Achieving project financing for the proposed Malaysian HPA plant remains a key catalyst for Altech. By increasing the amount of debt provided by an EPA, Altech is able to lower the overall interest costs of the proposed debt structure.
Altech Chemicals Ltd receives positive pre-assessment of German financing
Iggy Tan, MD, said that the positive pre-assessment by the IMC and Hermes is a very significant milestone in the company’s endeavours for funding its HPA project.
Altech Chemicals Ltd bags A$10M institutional investment
Iggy Tan, MD, commented: “Institutional investor representation on the company’s share register has increased from around 9% to closer to 23% following the placement, with plans to grow it over time."
Altech Chemicals Ltd's Iggy Tan takes high purity alumina to China
Iggy Tan, MD, at the 2nd International Sapphire Industry and Touch Screen Technology Exhibition in Shenzhen, China.
Altech Chemicals Ltd has 250-year kaolin resource at Meckering
Iggy Tan, MD, commented: “Altech can now progress to the next stage in preparation for mine development, the submission of what will be a relatively straightforward mining proposal and mine closure plan."
Altech Chemicals Ltd's Iggy Tan says timing perfect for HPA plant
Iggy Tan, MD, commented: “The timing for construction of Altech’s proposed HPA plant in Malaysia appears perfect, with two parallel streams of near-term HPA demand growth now apparent."
Altech Chemicals Ltd Sydney/Melbourne Investor Luncheon Presentation
Altech Chemicals Ltd Sydney/Melbourne Investor Luncheon Presentation
Altech Chemicals Ltd brings High Purity Alumina to Spotlight CEO Sessions
Altech is aiming to become one of the world's leading suppliers of High Purity Alumina, which is a product in strong demand.Find out more from CFO Shane Volk at Proactive's Spotlight CEO Sessions, 7/8 June. Don't miss out: Register tod
Altech Chemicals Ltd bags $1.75M balance from Meckering sale
The funds will be applied towards finalising the detailed design for the HPA plant, and for general working capital purposes.
Altech Chemicals Ltd granted kaolin mining lease application at Meckering
The granting of the lease moves Altech closer to mine development, next it must submit a mining proposal and mine closure plan. The granting of the mining leases also triggers a $1.75 million cash inflow from Dana Shipping and Trading S.A.
Altech Chemicals Ltd bags $2M cash from non-core asset sale
The deal with Dana had a dual benefit of providing Altech with additional cash from a non-core asset sale, and settled a dispute with Dana around the termination of the Kaolin Mining Rights Deed.
Altech Chemicals Ltd delivers another milestone to develop HPA project
Meckering is an important asset in Altech Chemical's strategy to become one of the world's leading suppliers of 99.99% HPA. Altech's share price has continues to perform strongly, up circa 95% over the previous 12 months.
Altech Chemicals Ltd signs off take sales agreement with Mitsubishi
The signing of this off-take agreement for 100% of proposed HPA production is a major milestone as it will assist Altech in its current plans to secure project financing for the proposed plant and is share price accretive.
Altech Chemicals Ltd kicks off grade-control drilling at Meckering
A total of 21 air core drill holes are planned over Altech’s wholly-owned tenement E70/3923, which is located 130 kilometres east from Perth. The grade control drilling program is to assist the company in planning its future Meckering
Altech Chemicals bags $1.2M from professional and sophisticated investors
Funds raised will be applied to finalising the detailed design of the company’s proposed high purity alumina (HPA) plant at Johor, Malaysia. Altech has also launched a Share Purchase Plan, at the same price as the placement.
Altech Chemicals Ltd confirms financial robustness of HPA project
Iggy Tan, MD, commented: “The focus for Altech now is the finalisation of project financing, completion of final design and construction drawings, the formal appointment of the EPC contractor and the subsequent award of various works
Altech Chemicals Ltd secures Johor site for HPA plant
Johor is a highly sought after state for project development in southern Malaysia, linked to Singapore by causeway and is the only state in Malaysia with three ports and an international airport for cargo.
Altech Chemicals: broker assigns Speculative Buy and $0.41 target price
Perth-broker DJ Carmichael said: "We place a Speculative Buy recommendation and our risked valuation of $0.41 a share." Altech last traded at $0.10 a share.
Altech Chemicals’ alumina product in big demand
The expected Chinese demand for high purity alumina (HPA) in 2020 is forecast to be more than 10 times the 332tpa forecast demand in 2015 for HPA’s use in li-ion batteries.
Altech Chemicals in key high purity alumina initiative for Chinese market
Global demand for high purity alumina used in LEDs, which are more energy efficient, longer lasting and less costly than traditional bulbs is growing at a clip of 28% per annum. The appointment for the Chinese market follows the distributio
ASX looks cautious as this strategic metal play pushes ahead
The Australian All Ordinaries started 2016 off on a weak note, but energy stocks bucked the trend along with this uniquely prospective strategic metals company.
Altech Chemicals nears German credit cover for high-purity alumina
Altech Chemicals has strongly advanced financing of its high-purity alumina operations across Western Australia and Malaysia by attracting initial financing interest from German authorities which could cover the majority of project capital
Altech Chemicals signs mandate for high-purity alumina project financing
Altech Chemicals has signed a high-purity alumina project financing mandate with a major German bank, which could precipitate insurance cover under German government guarantees.
Altech Chemicals improves high-purity alumina project economics
Altech Chemicals has reduced the expected costs of its HPA high-purity alumina project by relocating one of the major pieces of processing infrastructure to a more practical physical location.
ASX extends gains as this resources developer attracts interest
The Australian All Ordinaries gained another 2% to 5,293 points today in a positive day across the index’s major sectors. This set the stage for another solid session for this niche resources developer.
Altech Chemicals receives financing interest for high-purity alumina
New senior debt financing interest from a German bank is shining a positive light on Altech Chemicals’ high-purity alumina plans.
All Ords treads water as this high-purity alumina play makes waves
The Australian All Ordinaries ticked slightly lower today to close at 5,289 points. This high-purity alumina (HPA) operator, however, managed to attract some attention as it continued to add value ahead of production.
Altech Chemicals shares fire up as kaolin mining deal adds value
Altech Chemicals shares were trading as much as 15.8% higher today after the company finalised mining rights which could earn the company up to A$3 million in cash plus royalties.