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Highlights
- Altech Batteries (ATC) secures full ownership of the Silumina Anodes project and increases its stake in CERENERGY.
- The acquisition enhances development and commercialization opportunities for both projects.
- The deal strengthens Altech’s position in negotiations with potential partners and investors.
Altech Batteries (ASX:ATC) has announced a major step in its strategic growth, securing full ownership of the Silumina Anodes project and increasing its stake in CERENERGY to 75%. The company has entered into a binding agreement to acquire Altech Advanced Materials AG’s (AAM) equity interest in two subsidiaries—Altech Energy Holdings (AEH) and Altech Industries Germany (AIG).
Following the transaction, AEH will retain its 75% holding in CERENERGY, while AIG will fully own the Silumina Anodes project. The deal is valued at approximately $23.3 million, based on the volume-weighted average price of Altech shares over the last 15 trading days.
Accelerating Development and Innovation
The acquisition is expected to accelerate the development and commercialization of Altech's battery projects. The additional equity acquired translates into an 18.75% increase in the CERENERGY project and full control of the Silumina Anodes project.
German research institution Fraunhofer IKTS remains a 25% joint venture partner in CERENERGY, ensuring continued collaboration on advancing next-generation battery technology.
Cutting-Edge Battery Technologies
Silumina Anodes technology integrates high-purity alumina in silicon anodes, significantly improving battery performance. This breakthrough could enhance energy storage capabilities, benefiting various applications, including electric vehicles and renewable energy storage.
Meanwhile, CERENERGY focuses on sodium-chloride batteries, providing an alternative to conventional lithium-ion technology. These batteries are fireproof, explosion-proof, and designed to withstand extreme temperatures, from harsh winters to desert climates. Unlike lithium-ion counterparts, they rely on table salt, eliminating dependence on critical metals like lithium, cobalt, graphite, and copper—reducing supply chain risks.
Strategic Autonomy and Growth Potential
Altech highlighted that the transaction offers a strategic advantage by providing greater autonomy in decision-making and streamlining project execution. With full control, the company can independently manage key investment and operational choices without requiring external approvals.
This enhanced position is expected to improve Altech’s leverage in discussions with potential strategic partners, customers, and financial institutions. Additionally, AAM will continue to benefit from future successes as an investment company listed on the Frankfurt Stock Exchange.
Share Issuance and Next Steps
As part of the deal, Altech will issue approximately 532 million fully paid ordinary shares to AAM, giving it a 21% stake in Altech’s issued share capital post-acquisition. The company plans to work closely with AAM to finalize definitive agreements and obtain necessary regulatory and shareholder approvals.
This acquisition marks a key milestone in Altech’s expansion strategy, reinforcing its position in the battery materials sector and strengthening its foothold in the sustainable energy transition.
