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Altech Batteries - Launch of Share Purchase Plan


-- Share Purchase Plan (SPP) offered to raise working capital for CERENERGY® battery and Silumina AnodesTM battery materials projects
-- SPP at an issue price of $0.065 per share with one free attaching option for every two shares acquired
-- Options will be exercisable at $0.08 per share and will expire on 30 April 2026
-- Funds applied to commissioning of, and equipment for, Silumina AnodesTM pilot plant as well as to fabricate two CERENERGY® ABS60 60KWh battery packs
-- SPP follows excellent Definitive Feasibility Study for CERENERGY® project finalised on 20 March 2024 that included an NPV(9) of €169 million and free cash flow of €48 million p.a.
-- Altech continues to move forward with finance and offtake for CERENERGY® project

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