ADO 4.00% 2.4¢ anteotech ltd

lithium australia to develop silicon anodes for lithium-ion batteries

  1. 600 Posts.
    lightbulb Created with Sketch. 246
    https://research.commsec.com.au/Loa...2NDktMFA0SDRTUEI2Rk9BMDhKNDJNVUs2TEFQTDIifQ==

    Lithium Australia NL (ASX: LIT) has agreed terms in principle to develop advanced anode materials for lithium-ion batteries (LIBs). The agreement, which remains subject to completion of formalities, will also give Lithium Australia access to superior battery management systems. This technology package has the potential to significantly increase LIB performance. Having agreed in principle to partner with a battery researcher, Lithium Australia plans to establish facilities for the development of graphite/silicon anodes, and in so doing make full use of its VSPC plant at Wacol (in Brisbane, Australia). The agreement involves implementation of a four-stage development and commercialisation programme. Previously tested prototypes of the advanced anode materials indicate the potential to significantly increase the energy density of LIBs. While the use of silicon to improve battery performance is not new, introducing it into the anode in the quantity needed to obtain the desired improvement in performance while maintaining reliability and longevity has so far proved problematic. The first stage of the development programme will commence immediately with the establishment of laboratory and testing facilities in Queensland. Operations will commence under the terms of a memorandum of understanding. Full details will be released on execution of binding documents.
 
watchlist Created with Sketch. Add ADO (ASX) to my watchlist
(20min delay)
Last
2.4¢
Change
-0.001(4.00%)
Mkt cap ! $59.14M
Open High Low Value Volume
2.5¢ 2.5¢ 2.4¢ $41.97K 1.747M

Buyers (Bids)

No. Vol. Price($)
10 2496658 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 436612 2
View Market Depth
Last trade - 10.49am 24/05/2024 (20 minute delay) ?
Last
2.4¢
  Change
-0.001 ( 4.00 %)
Open High Low Volume
2.5¢ 2.5¢ 2.3¢ 1840240
Last updated 11.35am 24/05/2024 ?
ADO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.