AnteoTech Ltd (AU:ADO) has released an update.
AnteoTech Ltd has announced a capital raising initiative, securing $5.4 million through a placement to sophisticated investors and proposing a $1.0 million Share Purchase Plan at a discounted price. The funds will support the company’s clean energy development and scale-up, with the aim to enhance commercial partnerships and revenue in the electric vehicle and consumer electronics sectors. The capital boost will also enable AnteoTech to commence activities funded by the Queensland Critical Minerals & Battery Fund, targeting advancements in ultra-high silicon anode technology.
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