Aurum Resources (AUE:AU) has announced Aurum completes $22.98M Montage share sale
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Corazon Mining Ltd (ASX:CZN) (‘Corazon’ or ‘Company’) is pleased to announce the granting of two key tenements at its Two Pools Gold Project (‘Two Pools’ or the ‘Project’) in the Gascoyne region of Western Australia (Figure 1).
Highlights
- Two core tenements at the Two Pools Gold Project have been successfully granted by the West Australian Department of Energy, Mines, Industry Regulation and Safety (DEMIRS).
- Granting allows Corazon to expedite works to enable diamond drilling to commence in early 2026, pending completion of heritage surveys, and discussion with drilling contractors have commenced.
- The initial program is designed to confirm high-grade historical results and provide essential structural controls on mineralisation.
- Planning for follow-up Reverse Circulation (RC) drilling at Two Pools is also underway as part of the Company’s systematic exploration campaign.
- The granting marks another key milestone in the Company’s positive operational reset over the past three months.
The granting of Exploration Licences E52/4460 and E52/4468, which were vended into the Company as part of the Two Pools acquisition – represents a significant regulatory milestone. With tenure now secured, Corazon is moving immediately to finalise preparations for its maiden drill program.
Corazon Mining Ltd Managing Director, Simon Coyle, commented: “The granting of these tenements is an important green light, allowing us to get boots on the ground at Two Pools. We are now moving quickly to secure a rig and finalise logistics to ensure we are drilling early in the new year. Our maiden diamond program is designed to give us a definitive look at the geology and structure of the high-grade zones, setting the stage for a systematic and aggressive exploration campaign throughout 202c.
The reset of the Company over the last three months has been extremely positive and productive. With the team now fully operational and our key tenure granted, we look forward to the exceptional development of both Two Pools and Feather Cap Gold Projects in 202c.”
Click here for the full ASX Release
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South Harz Potash Limited (SHP:AU) has announced Investor Presentation Scandinavian Copper-Gold Project
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Rapid Critical Metals Limited (‘Rapid,’ ‘RCM’ or ‘Company’) is pleased to announce that it has completed the acquisition of the Webbs Consol Silver Project (Webbs Consol) in northeast New South Wales, comprising EL 8933 and EL 9454 from Lode Resources Limited (ASX: LDR) (Lode Resources).
The Board sees the acquisition of the Webbs Consol as a highly accretive strategic investment for Rapid which:
- Builds critical mass to the Company’s existing Webbs and Conrad high grade deposits;
- Secures a district-scale silver corridor by consolidating contiguous tenure across a high- grade silver belt in the New England Fold Belt;
- Unlocks new discovery potential with adjoining tenure, increasing the likelihood of new discoveries between the two high grade silver deposits;
- Consolidates ownership of three nearby, high-grade deposits supporting unified mine planning, centralised processing options, and potential operating synergies; and
- Positions Rapid for growth with proximity to existing infrastructure and strong silver market fundamentals, providing a favourable backdrop for accelerated development.
Commenting on the completion of the Webbs Consol acquisition, Byron Miles, Managing Director of Rapid, said:
“The completion of the acquisition of the Webbs Consol builds on the Board’s strategy of becoming one of the ASX’s leading silver-focused growth Companies with a platform in New South Wales with significant potential for further growth.
We have now secured a contiguous silver corridor with outstanding geological prospectivity and opened up exciting potential for new discoveries in the area.
With a prospective portfolio of assets and a team focused on execution and delivery, we are well placed to accelerate exploration and development activities to create long-term value for our shareholders.”
Click here for the full ASX Release
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Investor Insight
Heliostar offers a rare combination of immediate cash flow from two producing mines and a significant growth story driven by the high-grade Ana Paula development project. This blend of near-term production, strong margins and a robust pipeline positions the company as a compelling emerging mid-tier gold producer.
Overview
Heliostar Metals (TSXV:HSTR,OTCQX:HSTXF,FRA:RGG1) is an emerging mid-tier gold producer focused on unlocking high-grade gold production in Mexico’s premier mining regions.
The company rapidly expanded its asset base by acquiring a diverse portfolio of producing and development-stage assets. This positions it for long-term, scalable production growth supported by both high-grade underground and large open-pit heap-leach operations.
Heliostar now holds two producing mines – La Colorada and San Agustin, with combined production of 30,000 to 40,000 oz of gold – and is advancing the development of its flagship Ana Paula project. Two additional development assets in Mexico, Cerro del Gallo and San Antonio, in addition to exploration projects in North Sonora and Unga in Alaska complete Heliostar’s portfolio. This diversified platform enables the company to fund development through operating cash flow while continuing to expand its resource base.
Heliostar prioritizes capital discipline and low-cost acquisitions, significantly expanding its asset base while maintaining a lean financial structure. With a growing operating cash flow, the company is reducing reliance on equity financing for development.
The company is positioned for strong year-over-year production growth as San Agustin restarts in Q4 2025, La Colorada executes its updated 2025 mine plan, and Ana Paula advances toward construction and expected first production in 2028, following a positive underground PEA in November 2025 and an ongoing feasibility study. These milestones support the company’s strategy of building a multi-asset production base with increasing scale and margins.
Looking ahead, the company has a long-term vision of achieving 500,000 ounces of gold production annually by 2030. This growth will be driven by the development of Ana Paula, followed by Cerro del Gallo and San Antonio, with continued exploration success and strategic acquisitions supplementing organic growth.
Company Highlights
- Heliostar Metals is rapidly advancing from a junior explorer to a mid-tier gold producer, targeting 150,000 oz per year in the near term and 500,000 oz annually by 2030.
- Heliostar has rapidly expanded its portfolio with key acquisitions, now controlling two producing mines and three advanced-stage growth assets in Mexico. Added 3.5 million measured and indicated gold ounces for just US$15 million, reinforcing a capital-efficient growth model.
- The company prioritizes capital discipline and low-cost acquisitions to expand its asset base and maintain a lean financial structure. Unlike many juniors that rely on dilution to grow, Heliostar leverages gold production cash flows to drive project development.
- Annual gold production at La Colorada and San Agustin mines as of 2025 is between 30,000 to 40,000 oz, with mine operations earning $14.2 million in Q3 2025. Cash flow from these two mines funds Heliostar’s exploration and development without significant dilution.
- CEO Charles Funk leads a seasoned team of mine builders and exploration experts with a track record of developing world-class deposits.
- The company also features a favorable shareholder registry: 53 percent institutional investors, 42 percent high-net-worth and retail investors, and 5 percent held by the board and management.
Key Projects
Ana Paula (Flagship Development Project)
Ana Paula is Heliostar’s flagship high-grade underground gold project located in the Guerrero Gold Belt, one of Mexico’s most prolific precious metals regions.
The November 2025 underground PEA confirms Ana Paula as a low-cost, high-margin development opportunity with a nine-year mine life producing approximately 875,000 ounces of gold, averaging roughly 101,000 ounces per year after ramp-up. The project benefits from a wide, high-grade panel that continues to demonstrate strong continuity and exceptional grades, supported by a mineral resource of 710,920 ounces of measured and indicated gold at 6.6 grams per ton (g/t) and 447,500 ounces of inferred gold at 4.24 g/t.
Heliostar has transitioned the project to an underground-only development plan to enhance economics, minimize surface disturbance and reduce capital intensity. The company is advancing engineering and permitting programs, including a permit amendment to convert the existing open-pit approval into an underground operation. A recently expanded 20,000-metre drill program is underway to upgrade inferred resources, expand the mineral envelope and support the ongoing feasibility study. Recent results included 83.2m grading 17.35 g/t gold from 76.0 m and 70.7 m grading 9.38 g/t gold from 49.65 m.
Heliostar intends to advance the existing decline in 2026 to access underground drilling platforms and complete bulk sampling, enabling a construction decision shortly thereafter and positioning the project for first production in 2028. Ana Paula is expected to become the cornerstone asset underpinning Heliostar’s long-term production growth.
La Colorada Mine
La Colorada, located in Sonora, Mexico, is a fully operating open-pit heap-leach mine that underwent a major turnaround in early 2025. Mining was restarted in January 2025, and an updated October 2025 technical report outlines a significantly strengthened operation with a 6.1-year mine life and total production of 286,000 ounces of gold. The mine is expected to produce between 17,500 and 23,800 gold-equivalent ounces in 2025 at competitive cash costs and all-in sustaining costs, benefiting from strong gold prices and improved operational performance.
La Colorada has meaningful opportunities for growth through drilling of the Veta Madre Plus area, which could add up to 28,000 ounces of additional near-surface resource, and the evaluation of the underground potential at El Creston, where deeper drilling has returned high-grade gold and silver intercepts. Further optimization of low-grade stockpiles also offers a route to additional production with minimal capital requirements. With its expanded reserves, improving margins and active exploration pipeline, La Colorada remains a key cash-flow generator and a vital contributor to Heliostar’s self-funded growth strategy.
San Agustin Mine
San Agustin is a heap-leach gold mine in Durango, Mexico, that produced approximately 14,700 ounces of gold in 2024 and continues to generate cash flow through stockpile processing in 2025. The mine is scheduled to restart active mining in the fourth quarter of 2025 following approval of the Corner Permit Area, with the restart plan outlining roughly 44,500 ounces of total gold production over a 1.2-year mine life. The restart requires just US$4.2 million in initial capital, funded entirely from Heliostar’s balance sheet, and delivers strong economics with significant leverage to higher gold prices. Beyond the restart, San Agustin provides meaningful growth potential through near-surface oxide expansion and deeper sulfide and breccia targets, where drilling has identified encouraging mineralization.
Cerro del Gallo Project
Cerro del Gallo is a large-scale, gold-silver development project in the Guanajuato district with 2.86 Moz of measured and indicated gold resources and an additional 1 Moz inferred. The project is advancing through permitting and a pre-feasibility study expected in Q4 2025, which is evaluating a long-life heap-leach operation targeting 80,000 to 100,000 ounces of annual gold production. With its scale, simple metallurgy and strong development profile, Cerro del Gallo represents a cornerstone growth asset supporting Heliostar’s strategy to expand production later this decade
San Antonio Project
San Antonio is an open-pit heap-leach development project in Baja California Sur hosting 1.74 million ounces of measured and indicated gold resources. A January 2025 PEA outlines robust economics, including 1.1 Moz of total production over 13 years, low AISC and an after-tax NPV5 of US$715 million at US$2,600 gold. The project is progressing through additional studies and environmental permitting and provides significant medium-term growth potential within Heliostar’s pipeline.
Unga Project
The Unga project in Alaska is a high-grade gold exploration asset, with an inferred resource of 384,000 oz gold (13.8 g/t). While not a primary focus, the project remains a long-term high-grade growth opportunity.
Management Team
Charles Funk – President & CEO
Charles Funk brings over 18 years of experience in business development and exploration. Before joining Heliostar, he held senior roles at Newcrest Mining and OZ Minerals, two of the world’s most prominent mining companies. Funk led the Panuco discovery for Vizsla Silver in 2020, demonstrating his strong expertise in identifying and advancing high-potential gold and silver deposits. Under his leadership, Heliostar has pursued transformational acquisitions that have rapidly expanded the company’s asset base while maintaining capital efficiency.
Gregg Bush – Chief Operating Officer
A highly regarded mine builder, Gregg Bush has a strong track record in mine development, project integration, and operations management. He previously served as COO of Capstone Mining for nine years and as SVP of Mexico for Equinox Gold. With deep experience in Latin American mining operations, Bush plays a pivotal role in advancing Heliostar’s production assets, optimizing operations and ensuring efficient project execution.
Sam Anderson – VP Projects
Sam Anderson brings 20 years of experience in mine geology and project management, including 17 years at Newmont, where he served as mine geology superintendent and senior manager of exploration business development. He played a significant role in the development of Newmont’s Merian Mine in Suriname, from resource stage to steady-state operation. His expertise in mineral resource expansion and project evaluation is crucial to advancing Ana Paula and Cerro del Gallo toward production.
Mike Gingles – VP of Corporate Development
With over 35 years of corporate and entrepreneurial experience in the mining industry, Mike Gingles has been a key player in major mining deals. He led the Pueblo Viejo and Turquoise Ridge transactions for Placer Dome, two of the largest gold assets in North America. His expertise in strategic partnerships, corporate finance, and project acquisitions has positioned Heliostar for transformational growth.
Hernan Dorado – VP Sustainability & Special Projects
As a fifth-generation miner, Hernan Dorado has more than 20 years of experience in the mining sector, including a founding role at Guanajuato Silver, where he served as COO. He has extensive experience in Mexican mining operations, permitting and sustainability practices, ensuring that Heliostar’s projects meet the highest environmental and social responsibility standards.
Vitalina Lyssoun – Chief Financial Officer
Vitalina Lyssoun is a chartered professional accountant (CPA, CA) with over 16 years of financial expertise with a focus on the resource sector. She has strengths in Canadian and US public company reporting, regulatory and tax compliance, and internal controls. She is fluent in Spanish and has experience in operations based in Mexico, Central America and West Africa. Most recently, Lyssoun built and led the corporate accounting team at Gatos Silver, including through their recent merger with First Majestic Silver.
Stephen Soock – VP Investor Relations & Development
Stephen Soock has been in the mining industry for almost 20 years in both technical and capital markets roles. He has worked in various technical roles at mine sites across Canada, including Vale’s Thompson Nickel operation, Mosaic’s Belle Plaine solution potash mine and Rio Tinto’s Diavik Diamond mine complex. Prior to joining Heliostar, Stephen spent eight years as a sell-side research analyst covering growth and development companies in the junior precious metals space. He graduated from Queen’s University with a B.Sc. in Mining Engineering, is a CFA Charterholder, and a Brendan Woods ranked analyst.
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Nevada Sunrise Metals (TSXV:NEV,OTCP:NVSGF) is a Nevada-focused exploration company with a portfolio spanning gold, copper and lithium projects. Nevada ranked as the world’s second most attractive exploration jurisdiction in 2024, providing a strong foundation for the company’s growth strategy.
The Griffon Gold Mine project, a past-producing gold asset located within the prolific Battle Mountain–Eureka Trend. Griffon hosts Carlin-type mineralization, produced 62,661 ounces of oxide gold from 1998 to 1999, and benefits from extensive historical drilling, favorable host stratigraphy and new target zones identified by VRIFY’s DORA A.I. predictive modeling. Ongoing geophysics and geochemical programs in 2025 will refine drill targets ahead of a drilling program planned for 2026.
Discovery Ridge Pit, Griffon Gold Mine Project, White Pine County, Nevada
Nevada Sunrise integrates historical data with advanced geophysics, modern geochemical methods, and AI-driven exploration tools. This technology-enhanced approach, combined with experienced leadership and a strong technical team, is central to the Company’s strategy for building shareholder value.
Company Highlights
- Flagship past-producing gold project in a Tier-1 jurisdiction: The Griffon Gold Mine project lies within Nevada’s prolific Battle Mountain–Eureka Trend, near producing mines and major gold developers.
- AI-powered exploration strategy: Nevada Sunrise is using VRIFY’s predictive modeling to identify high-priority drill targets, an emerging technology rarely applied in Nevada.
- Clear path to 2026 drilling: Soil, magnetic, IP/resistivity and CSAMT surveys in fall 2025 will feed into an updated AI model, enabling optimized drill targeting planned for 2026.
- Highly experienced management and geological team: Leadership includes executives and advisors with decades of exploration success across Nevada and globally.
- Diversified asset portfolio: Gold, copper and lithium assets create optionality across multiple mineral markets.
- Flagship past-producing gold project in a Tier-1 jurisdiction: The Griffon Gold Mine project lies within Nevada’s prolific Battle Mountain–Eureka Trend, near producing mines and major gold developers.
- AI-powered exploration strategy: Nevada Sunrise is using VRIFY’s predictive modeling to identify high-priority drill targets, an emerging technology rarely applied in Nevada.
- Clear path to 2026 drilling: Soil, magnetic, IP/resistivity and CSAMT surveys in fall 2025 will feed into an updated AI model, enabling optimized drill targeting planned for 2026.
- Highly experienced management and geological team: Leadership includes executives and advisors with decades of exploration success across Nevada and globally.
- Diversified asset portfolio: Gold, copper and lithium assets create optionality across multiple mineral markets.
This Nevada Sunrise Metals profile is part of a paid investor education campaign.*
Click here to connect with Nevada Sunrise Metals (TSXV:NEV) to receive an Investor Presentation
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Syntheia Corp. (CSE: SYAI,OTC:SYAIF) (‘Syntheia’ or the ‘Company’) (Syntheia.ai) is pleased to announce that it has settled an aggregate of $590,768.28 of indebtedness to certain creditors of the Company through the issuance of 4,923,069 common shares in the capital of the Company (the ‘Common Shares’) at a price of $0.12 per Common Share (the ‘Debt Settlement’). The Common Shares issued pursuant to the debt settlement are subject to a four-month hold period.
The Debt Settlement constituted a ‘related party transaction’ as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (‘MI 61-101‘), as insiders of the Company received an aggregate of 4,923,069 Common Shares. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of such Common Shares nor the Debt Settlement exceeds 25% of the Company’s market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Debt Settlement, which the Company deems reasonable.
About Syntheia
Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations and deploying our technology to enhance customer satisfaction while dramatically reducing turnover and traditional staffing issues.
For further information, please contact:
Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434
Cautionary Statement
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking statements in this news release includes, but are not limited to, the synergies derived from the acquisition of the assets in the Transaction. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made.
Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Please refer to the Company’s listing statement available on SEDAR+ for a list of risks and key factors that could cause actual results to differ materially from those projected in the forward‐looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276101
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Perth, Australia (ABN Newswire) – Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) provided a significant operational update for its Mojave Project in California, confirming that the project has now transitioned into the drilling program phase.
HIGHLIGHTS
– Activities have commenced for Locksley’s maiden drilling campaign at the El Campo Rare Earths Prospect, marking the start of the high-impact exploration phase
– The required reclamation bond for the Desert Antimony Mine (DAM) has been accepted by the Bureau of Land Management (BLM), triggering full approval for the expanded drilling program
– Earthworks and drill site preparation underway at El Campo, with El Campo drilling to be followed immediately by equipment mobilisation to the DAM antimony prospect
– Back-to-back drilling programs ensure a continuous flow of exploration news and data through Q1 and Q2, 2026
– These parallel advancements clear the path for testing both high-grade REE targets (up to 12.1% TREO) and the expanded Antimony Exploration Target at DAM
Earthworks contractors have mobilised to the El Campo Rare Earths Prospect to begin drill site preparations. This marks the formal commencement of the Company’s maiden five drillhole diamond drilling program (Figure 2*).
This campaign is designed to test the down-dip continuity of the high-grade REE-bearing breccia zones and shear structures mapped and sampled at surface. The drilling will provide critical geological data to validate the exploration model and confirm the extension of mineralisation at depth.
Locksley also announced, following the end of the government shutdown, the acceptance of the required reclamation bond by the U.S. Bureau of Land Management (BLM) for the Desert Antimony Mine (DAM). This payment was the final condition precedent for the expanded Plan of Operations (POO). With the bond now in place, the DAM diamond drilling program is now fully permitted and ready for execution for up to 16 drill holes for ~2,300 metres (Figure 1*).
To maximise efficiency and reduce mobilisation costs, the Company has structured a sequential drilling campaign where the diamond drill rig at El Campo will mobilise directly to the DAM prospect upon completion of the REE program. This ensures a continuous flow of exploration news and data through Q1 and Q2, 2026, testing the high-grade potential of both strategic commodities.
Kerrie Matthews, Managing Director & CEO, commented:
‘We are finishing 2025 with strong momentum. By commencing operations at El Campo and finalising the bond for DAM, we have effectively opened two fronts for exploration. To maximise efficiency and reduce mobilisation costs, the Company has structured a sequential drilling campaign. The diamond drill rig at El Campo will mobilise directly to the DAM prospect upon completion of the El Campo REE program. This ensures a continuous flow of exploration news and data through Q1 and Q2, 2026, testing the high-grade potential of both strategic commodities’.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/UER1RS4K
About Locksley Resources Limited:
Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.
Mojave Project
Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.
In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.
Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.
Tottenham Project
Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation
Source:
Locksley Resources Limited
Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au
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International Graphite (IG6:AU) has announced Land purchased for Collie plant development
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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) announced the completion of the final engineering design for its new-generation SNC UPS battery system. This milestone represents a significant advancement in the Company’s European commercialisation program, developed in partnership with AMPower, the world’s largest producer of sodium-nickel-chloride solid-state batteries.
Highlights
– Final design of the next-generation SNC UPS system now completed
– Factory Acceptance Testing (FAT) for the first unit scheduled for mid-March 2026
– Five trial sites identified across the Netherlands for deployment following successful FAT
– Major step toward European-wide commercial rollout with AMPower
– Supports gas infrastructure, heavy-industry UPS, and large-scale backup markets
– Reinforces growing demand for fireproof, maintenance-free SNC technology across Europe
With the design now complete, the first production unit is scheduled to undergo Factory Acceptance Testing (FAT) in mid-March 2026. The FAT process will validate the system’s electrical performance, safety features, communication protocols, and mechanical integration. This milestone will trigger the initiation of field deployments across the Netherlands, where the Company has identified five priority trial sites.
These five locations, secured through ongoing engagement with Dutch infrastructure and industrial partners, have been selected to demonstrate reliability across a range of UPS environments-including gas transmission facilities, industrial controls, and distributed safety-critical nodes. Each site will utilise the completed SNC UPS cabinet to replace ageing lead-acid or nickel cadmium assets, providing a direct drop-in comparison of life-cycle performance, reliability, and operational simplicity.
The Company notes that Europe’s infrastructure operators-particularly in gas transportation, water utilities, and industrial safety networks-continue to seek safer, maintenance-free alternatives to conventional battery systems. Lead-acid installations across Europe are reaching end-of-life in large numbers, while nickel-cadmium units face increasing environmental and regulatory pressure. Altech’s SNC solution directly addresses these needs, providing a fireproof, hydrogen-free, and maintenance-free UPS battery capable of operating in harsh climates and ATEX-classified zones.
Completion of the final design marks the transition from engineering development into early-stage commercial deployment. The system incorporates a full stainless-steel cabinet, integrated SNC modules, advanced passive-safety architecture, and seamless BMS integration using Modbus, CAN, and RS485 interfaces. Designed as a true ‘drop-and-play’ system, operators can install the SNC unit directly into existing UPS infrastructure without modifying inverters, rectifiers, or site wiring-significantly reducing project complexity and commissioning costs.
The upcoming FAT in March 2026 will represent the Company’s most important technical milestone in the SNC program to date. A successful FAT unlocks immediate preparation for shipment of the first units into Europe, followed by live-environment installation at the five Dutch sites. Deployment will generate operational data on real-world cycling, temperature response, long-duration backup capability, and SCADA integration-data essential for broader customer adoption across Europe’s heavy-industry and utility sectors.
The Company continues to receive strong inbound interest from European, Australian and US operators assessing SNC technology as a long-life, hazard-free alternative to lithium-ion systems, which remain unsuitable for explosive or ATEX-classified environments. With its fully sealed ceramic architecture, the SNC system offers a highly attractive safety profile, particularly for organisations managing risk-critical assets.
The design-completion milestone also reinforces the strength of the Altech-AMPower partnership. AMPower’s manufacturing capability, combined with Altech’s engineering leadership and market engagement in Europe, provides a highly scalable pathway toward long-term commercialisation. As the first unit approaches FAT, both companies are preparing for higher-volume production and accelerated deployment once field trials confirm expected performance outcomes.
The Company sees the Netherlands as a strategic entry point into broader EU adoption. The country’s advanced infrastructure, strong regulatory oversight, and emphasis on operational reliability make it an ideal environment to validate the technology. Successful deployment across the five Dutch trial sites is expected to pave the way for expansion into other parts of Europe.
Altech Managing Director Iggy Tan stated:
‘This is a major achievement for our engineering team and our partnership with AMPower. Completing the final design shifts the program from development into real-world deployment, and the upcoming FAT in mid March 2026 will be a pivotal moment. With five Dutch sites preparing to receive the first systems, we are now entering an important proving phase that will demonstrate the performance, safety, and reliability advantages of our SNC UPS technology. The level of interest across Europe continues to exceed our expectations, and this milestone positions us strongly for large-scale commercial uptake.’
About Altech Batteries Ltd:
Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
Source:
Altech Batteries Ltd
Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
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