Altech Batteries – Quarterly Activity Report – June 2024

Report Highlights:

• Altech Batteries Limited is pleased to announce a market capitalization of AUD 82.6 million, with a share price standing at AUD 0.05 as of June 30, 2024. The company has issued 1,653.3 million shares, along with 28.6 million options and 123.2 million performance rights, reflecting a robust equity structure.
• As of June 30, 2024, Altech Batteries reported cash reserves of AUD 2.1 million. Despite facing significant operating cash outflows of AUD 2.58 million and investing outflows of AUD 3.42 million for the quarter, the company demonstrated financial resilience by securing AUD 4.77 million from financing activities, thus maintaining a stable cash position.
• The leadership at Altech Batteries is spearheaded by an experienced board, including Non-executive Chairman Luke Atkins and Managing Director Iggy Tan. Their headquarters is strategically located in Subiaco, Western Australia, with Martin Stein serving as the Chief Financial Officer and Company Secretary, ensuring strong governance and operational oversight.