Pitt Street Research report.
We initiate coverage on Altech Batteries Limited a battery technology company developing CERENERGY® (sodium chloride solid state batteries for grid energy storage) and Silumina Anodes (an EV battery anode material that increases battery capacity by utilising high-purity alumina coating technology on silicon and graphite).
Using a DCF methodology, we value ATC at A$0.28 per share in our base-case scenario and A$0.39 per share in our bull- case scenario. We expect ATC to re-rate after concluding an offtake agreement for CERENERGY® batteries and completing a DFS for the Silumina Anodes TM project. The key risks, outlined on page 23, include execution and funding risks.
Disclosure: Pitt Street Research has been commissioned by the company for this research which is General Advice only. See page 28 for the full disclaimer, disclosures and General Advice Warning.
https://www.linkedin.com/posts/nicholas-sundich-70baa2142_altech-batteries-initiation-report-may-activity-7063997808302845952-hllW
