Iggy Tan

Altech Mulling Mezzanine Debt Package And Joint Venture to Fund High-Purity Alumina Project

Altech Mulling Mezzanine Debt Package And Joint Venture to Fund High-Purity Alumina Project

Australian innovator Altech Chemicals Ltd. announced a quartet of positive financial and business-related developments in an update the firm released to investors earlier this week. The firm advised that it continues to work toward completing certain conditions precedent to closing upon a...

Events

Altech Exercises Option to Purchases Kaolin Mining Land in Western Australia

Australian innovator Altech Chemicals Ltd. announced yesterday that it has exercised its option to purchase approximately 230 acres surrounding its kaolin mining lease at Meckering, Western Australia. No financial terms for the purchase were released by the firm. According to the firm, mining lease M70/1334 encompasses around 12.7 million metric tons of Al2O3, with an […]

Altech Obtains Final State Approval for Screening Facility in Western Australia

Australian innovator Altech Chemicals Ltd. announced yesterday that it has obtained the final permit necessary for beginning construction of its screening and loading facility in Meckering, Western Australia. Altech received its works approval from the Western Australia Department of Water and Environmental Regulation (DWER) on Friday. Having the necessary federal permits in hand, this state […]

Altech Raises A$1.85 MM in Share Purchase Plan and Placement

Australian innovator Altech Chemicals Ltd. announced Monday that its recent Share Purchase Plan (SPP) and concurrent placement raised A$1.85 million (US$1.39 million), placing shares in the hands of dozens of new professional and sophisticated investors. According to the company, Altech issued shares at a price of A$0.11 (US$0.08) each, which was a five-percent discount below […]

Altech in Final Stages of High-Purity Alumina Production Due Diligence

Western Australia’s Altech Chemicals Limited updated its shareholders on the firm’s journey to 4N alumina yesterday, saying that the requisite due diligence is steadily approaching its end. According to the firm, no “fatal flaws” have been identified to date in its due diligence work. Among the steps in the process that have passed muster is […]