JINDALEE RESOURCES LIMITED (ASX: JRL) (Jindalee, the Company) is an Australian exploration company with Tier 1 lithium deposits in its portfolio in the United States. The Company’s core goals are to discover world-class mineral deposits and generate shareholder wealth. The United States is one of the largest marketplaces for lithium demand, and Jindalee is a leading company committed to help meet future demand. The Company is focussing efforts into developing its McDermitt lithium deposit. Jindalee Resources was listed on the Australian Securities Exchange (ASX) on 11th July 2002 and raised AUD 2.70 million. Now, it is a pure-play United States lithium company. Jindalee’s Projects: In June 2018, the Company acquired McDermitt and Clayton North, two lithium sediment projects in the United States. Both projects are 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee. Several factors attracted the Company’s interest in these projects including: Potenti...
Altech Chemicals Limited (ASX: ATC) (“Altech” or “Company”) has EXECUTED a joint venture Shareholders’ Agreement with Fraunhofer IKTS (“IKTS”), the world-leading German institute focused on battery technology. Under the agreement, Altech will commercialize IKTS’ sodium alumina solid-state (SAS) battery, CERENERGY®. Altech, together with the Company’s associated entity, Altech Advanced Materials AG, will be the majority (75%) owners of the joint venture. The joint venture will commercialize a 100 MWh project on Altech’s land in Schwarze Pump, Germany, to produce the CERENERGY® batteries. SAS CERENERGY® Battery The CERENERGY® battery consists of a solid ceramic electrolyte tube that functions like the lithium-ion battery’s liquid electrolyte. The tube contains cathode granules comprising table salt and nickel. The tube gets flooded with sodium aluminium chloride (a conductive liquid) to ensure electrical contact between the granules and the ceramic. The setup is pl...