Altech - Sale of Meckering Land
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Altech Batteries Limited has announced the sale of its land in Meckering, Western Australia, which was deemed non-core to its operations. The sale generated gross proceeds, which will provide fresh working capital for the company. Altech retains the mining lease associated with the land and has executed an agreement with the new owner regarding exploration and mining rights. Additionally, a mortgage held by a major shareholder was discharged as part of the sale.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Altech Batteries Limited on 6ix
Earlier from Altech Batteries
- Altech - Silumina Anodes Project Discontinued
- Quarterly Activities/Appendix 5B Cash Flow Report
- Altech - CERENERGY Project Secures German Grant Approval
- Altech - Strategic Direction to Discontinue with AMPower
- Altech - Board Renewal and Strategic Focus
Later from Altech Batteries
- Altech - Extension of Grant Deadline for Project Finance
- Notification of cessation of securities - ATC
- Pause in Trading
- Altech - Discontinuation of CERENERGY Project
- Response to ASX Aware Query
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