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Altech Chemicals Ltd (ASX: ATC) share purchase plan

Stock purchase plan

Perth, December 6, 2021 AEST (ABN Newswire) – Altech Chemicals Limited (ASX: ATC) (FRA: A3Y) recently completed an internship. The Company is pleased to inform shareholders that it has raised a total amount under the offering of $ 8,128,506 through the issuance of 77,414,345 fully paid shares at 10.7 cents per share.

The Company will use the funds from the placement and seek additional funds under this PSP, to further develop its downstream alumina coated battery materials business, which could be a game-changer for the electric vehicle battery market. Altech intends to allocate the funds raised from the placement, as well as this SPP, to the acquisition of land to house a pilot plant for coating battery materials in Germany, to the construction of the pilot plant, carrying out a preliminary feasibility study for a 10,000 tpa battery material coating installation on the same land in Germany as the pilot plant, and carrying out a final feasibility study on the 10,000 tpa battery material coating.

Altech’s alumina coating technology is effective on silicon and graphite particles, typical of those used in the anode of lithium-ion batteries, especially in the nascent electric vehicle industry. This technology aims to improve battery life and performance. On November 25, 2021, the Company announced a very exciting and significant breakthrough in lithium-ion battery technology from its research and development laboratory located in Perth, Western Australia, which has been well received by the market. After nearly 12 months of hard work, Altech has finally “cracked the silicon barrier” and successfully produced and tested a series of lithium-ion battery anode materials that have approximately 30% greater retention capacity. compared to conventional lithium-ion battery anode materials. To achieve its breakthrough, Altech succeeded in combining silicon particles that had been processed with its innovative proprietary technology, with ordinary battery grade graphite particles, to produce a lithium-ion battery electrode containing a graphite / silicon composite anode. . When energized, these materials have 30% more capacity than conventional graphite-only anode material. The hitherto unresolved obstacles for the use of silicon in lithium-ion battery anodes were the swelling of silicon particles; prohibitive loss of capacity in the first cycle of up to 50%; and rapid battery degradation with each charge and discharge cycle have been addressed in laboratory testing of Altech’s graphite / silicon composite batteries. It is important to note that Altech batteries have demonstrated extremely good stability and cycling performance over long periods of time.

The lithium-ion battery industry has recognized that the step change required to increase the energy density of the lithium-ion battery and reduce costs is to introduce silicon into the battery anodes, since silicon has a capacity of energy retention ~ ten times that of graphite. Silicon metal has been identified as the most promising anode material for the next generation of lithium-ion batteries. However, until now silicon could not be used in commercial lithium-ion batteries due to two critical drawbacks. First, the silicon particles expand by up to 300% by volume while charging the battery, causing the particles to swell, fracturing, and ultimately failure of the battery. The second challenge is that silicon deactivates a high percentage of lithium ions in a battery. Lithium ions are made inactive by silicon, immediately reducing battery performance and life. The industry has been in the race to break the silicon barrier.

As Tesla’s Elon Musk alludes, silicon oxide solutions are expected to be the advanced anode of choice for consumer battery producers today, and they are expected to dominate the market over the next five to seven. years.

Potentially breakthrough technology from Altech has demonstrated that silicon particles can be modified in order to resolve capacitance discoloration caused by both swelling capacity and first cycle capacity loss issues. Phase 2 of Altech’s planned research and development program will see the Company strive to improve the 30% energy boost achieved during the first phase. The Company has started a Preliminary Feasibility Study (PFS) for the construction of a High Purity Alumina (HPA) Coated Battery Materials Plant in Saxony, Germany. The PFS is carried out by the German subsidiary 75% owned by Altech, Altech Industries Germany GmbH (AIG). Preliminary engineering design work for the 10,000 tpa battery materials plant is nearing completion. Altech has also started green accreditation of environmental benchmarks for the battery materials process.

With respect to the HPA Johor project, the Company continues to make progress in securing the final funding for the project. Senior debt financing of US $ 190 million has been secured from KfW IPEX-Bank, owned by the German government. The Company is currently making progress in securing US $ 144 million junior project debt financing through listed green bonds. In addition, the project’s equity balance was mandated with various groups. Phases 1 and 2 of the construction works in Malaysia were completed on budget and on schedule.

To view the SPP schedule, please visit:

About Altech Chemicals Ltd

Altech Chemical Ltd ASX: ATCAltech Chemicals Limited (ASX: ATC) (FRA: A3Y) aims to become one of the world’s leading suppliers of 99.99% (4N) High Purity Alumina (Al2O3) through the construction and operation of a High Purity Alumina Processing Plant ( HPA) of 4,500 tpa in Johor, Malaysia. Raw material for the plant will come from the company’s 100% -owned kaolin deposit in Meckering, Western Australia, and shipped to Malaysia.

HPA is a high-value, high-margin product in great demand as it is the essential ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lamps, semiconductor wafers used in the electronics industry, and scratch resistant sapphire crystal used for wristwatch dials, optical windows and smartphone components . HPA is increasingly used by lithium-ion battery manufacturers as a coating on the battery separator, which improves battery performance, longevity and safety. With a global demand for HPA of around 19,000 t (2018), it is estimated that this demand will increase at a compound annual growth rate (CAGR) of 30% (2018-2028); By 2028, the demand of the HPA market will be around 272,000 t, driven by the increasing adoption of LEDs around the world as well as the demand for HPA by lithium-ion battery manufacturers to serve the growing market. boom in electric vehicles.

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