Highlights
• Agreement to acquire 29% of German (Frankfurt) listed public company
• German public company name will change to Altech Advanced Materials AG
• Sale of a non-exclusive right to acquire up to 49% of Altech’s HPA project for US$100m
• Access to larger pool of European institutional investors
• Enhanced project valuation and less dilutionary for current Altech shareholders
• Aligns with European investors desire for battery materials exposure
Ann: Altech - Launch of German Project Equity Strategy, page-2
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