Altech Batteries (ASX: ATC) informs about “significant progress” at Silumina Anodes^TM pilot plant project - Kalkine Media

Highlights

• Altech Batteries’ Silumina Anodes™ pilot plant project is located in Dock3 at Schwarze Pumpe, Germany
• The pilot plant construction is advancing quickly, with laboratory and power supply already installed
• A Preliminary Feasibility Study of the planned 10,000tpa Silumina Anodes™ plant indicates “impressive” NPV
• Triggered by the update, ATC shares gained over 9.5% midday on 14 April 2023 

ASX-listed Altech Batteries (ASX: ATC) -- which is developing CERENERGY® battery technology with Germany's Fraunhofer IKTS -- has provided an update on its Silumina Anodes™ pilot plant in Saxony. ATC has completed the Preliminary Feasibility Study on the planned 10,000tpa plant project, and it indicates an "impressive NPV" of US$507 million.

Notably, construction of the pilot plant near the site of the planned project is advancing well. This would aid the qualification process for ATC’s Silumina Anodes™.

Data source: ATC update 

More on latest development

Altech, which is progressing toward launching its patented technology in the market, is constructing a pilot plant next to the planned project site. The construction of the 10,000tpa Silumina Anodes™ plant would be in Germany's Saxony (Schwarze Pumpe Industrial Park). At the pilot plant, Altech has completed works related to power supply, front-end wet circuit infrastructure, laboratory, and building modifications.  

During the last quarter, ATC had finished the electrical panel infrastructure construction. The laboratory is now going through commissioning. This will assist the company in testing and analysis pf its Silumina Anodes™ product. The on-site glove box would help in the manufacturing process of li-ion battery coin half cells (used in testing Silumina Anodes™). Through these processes, Altech will obtain data to determine its product's performance characteristics.

Source: ATC ASX announcement dated 14 April 2023

Altech asserts that while fabrication at the plant's back end is ongoing in South Africa and Europe, the Company is speeding up production of back-end items like silicon carbide linings. Final items are likely by installed and commissioned by the end of Q3 2023.

Shares jump over 9%

The Company's shares were trading at AU$0.115 midday 14 April 2023, up more than 9.5% from the last close. The total market cap of ATC stood at over AU$149 million.