Ann: AnteoTech $6.4m Capital Raising, page-101

here are a few snippets from the CEO, a week and a bit ago with the aus&biz interview


"AnteoTech has recently received an award of up to $1.39 million from the Queensland Critical Minerals and Battery Technology Fund. This recognition comes as the company is working on multiple projects, including partnerships with globally recognised electric vehicle companies. Through these collaborations, AnteoTech is advancing towards having its technology integrated into the next generation of electric vehicle batteries. This could result in a significant opportunity given their lead product, AnteoX, costs roughly $400 per litre while almost a litre is needed per car battery."

"Furthermore, AnteoTech is in partnership with leading consumer companies that deal with wearable technology, such as electric watches and earbuds. A materials transfer agreement was recently signed with a notable company in Europe to assess the use of AnteoX in these products. Potential commercial agreements are expected in the second half of the year,"

And to give you an example, the electric vehicles currently on the market use about 10% silicon in their batteries. As you put more silicon in, you can have more lithium ions. You get that increased charge density and that ability to make the anode smaller. Just before Christmas, we manufactured our first commercial scale anode with 70% silicon. So seven times higher than is is being used commercially."

we now having funding to move forward (with dilution)