Ann: Trading Halt, page-91

upfront I would have preferred that the company wasn't in the position to need to do another raise . and it's definitely not great that they are planning to raise at 2.5c with double dip options connected.

having said that I agree with geezah "It really doesn't matter - either this company will be worth nothing so who cares if there are more shares, or it will be worth billions and we get a slightly smaller piece of the very large pie. for now anything that keeps us afloat just has to be done."

posted this a couple of weeks ago. 72983950


still believe that a grant 1 for 1 could be a reason for this raising. there are several dept's of government offering battery funding, all with different rules.

all 3 funding application were made around the same time, with the $1.4m funding from the Queensland gov't coming thru last week. so they are all due. think this was lost in the last announcement.

from the linkedin post

AnteoTech is proud to announce that it has successfully secured an up to $1.4M grant from the Queensland Government under the Queensland Critical Minerals and Battery Technology Fund for its Ultra High Silicon Anode program for consumer electronics.

The funding will support the development and commercialisation of the Ultra High Silicon Anode capable of 800 cycles. The 18-month grant program will cover the purchase and installation of anode prototyping and pouch cell assembly equipment to enable the delivery of cells in commercial formats for customer evaluation and testing.

"This grant underscores the QLD Government’s recognition of the potential impact that battery technologies and innovation can have on our State and the future of energy storage. We are very appreciative of this support and excited to demonstrate the technology's capabilities, further solidifying our position as one of the leaders in this field.” — AnteoTech CEO and Managing Director David Radford

we will be making our own anodes and pouch cells, even if it will be on a small scale. thats a company with plans for expansion and moving forward.




with our production facility it was stated that the expansion to 80K litres would require, nominal incremental costs to increase the capacity, so if we get extra funding what are the plans of the company going forward.

we'll find out the SI contribution by Monday. hopefully in the following week we hear managements plans for the money in greater detail than presented today.

not the best day for anteotech but if it's being used to advance the company to commercialisation it will just be a road bump along the way.