Altech Announces Outstanding Definitive Feasibility Study for Silumina Anodes Battery Materials Projects

Definitive Feasibility Study Highlights:

• Highly positive Definitive Feasibility Study for the 8,000tpa Silumina Anodes^TM project
• 8,000 tpa alumina-coated metallurgical silicon only
• Customers to blend coated silicon (10%) with their uncoated graphite source
• Means expansion from 15 gigawatt-hours (GWh) to 120 gigawatt-hours (GWh)
• Increase of battery energy density by at least 30%
• Capital cost estimated at €112 million with outstanding economics
• Pre-tax Net Present Value (NPV10) of €684 million
• Attractive Internal Rate of Return (IRR) of 34%
• Payback period is 2.4 years
• Forecast 18% CAGR growth of silicon in battery anodes till 2035
• Green accredited project using renewable energy
• Pilot plant construction in final stages for product qualification
• NDAs executed with two German automakers, two US automakers, one US battery materials supply company and one European battery maker