Hi Prodegy 1 , I disagree with your assumption , ADO's $1.39 million grant allocated is quite different to the other Queensland battery minerals company ( courtesy of tropfreedom ) receiving a grant to fund the proposed pilot plant on a 50% of proposed capital cost basis , plant construction has not even started yet , there appears no strings attached , Anteo's plant is complete , equpment bought , money spent , new staff employed and should be producing Anteox right now PLUS a new project " ultra high silicon anode for a pouch cell battery" how did the market miss that ? the market has got it wrong when the share price dives after receiving $1.39 million non dilution funding and announcing a new silicon pouch cell project, dumb trading in my opinion or someone needing money to settle on a house ?
• Up to $1.39 million allocated to AnteoTech as a grant under the Queensland Critical Minerals and Battery Technology Fund
• Funding to support the delivery of AnteoTech’s Generation 1 Ultra High Silicon Anode programme
• Programme to develop a prototype and then commercially available anode ultra high silicon anode for a pouch cell battery - suitable for the high growth consumer electronics market
• Grant provides non-dilutive funding to purchase equipment and an upgrade of facilities
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Ann: AnteoTech secures $1.4m Qld Grant Funding, page-115
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