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Altech Chemicals Launches German Project Equity Strategy

Highlights

  • Agreement to acquire 29% of German (Frankfurt) listed public company
  • German public company name will change to Altech Advanced Materials AG
  • Sale of a non-exclusive right to acquire up to 49% of Altech’s HPA project for US$100m
  • Access to larger pool of European institutional investors
  • Enhanced project valuation and less dilutionary for current Altech shareholders
  • Aligns with European investors desire for battery materials exposure
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is pleased to announce that it has initiated a European equity strategy whereby investors will be provided a means to acquire a shareholding in up to a 49% direct interest in the Company’s high purity alumina (HPA) project via subscribing to shares in a German domiciled public company that is listed on the Frankfurt Stock Exchange.

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