We’ve secured $8.45 million to fund our drone, defence, space and data centre strategies
We have received firm commitments to raise $8.45 million (before costs) via a placement to sophisticated, professional and institutional investors, including cornerstone participation by Tribeca Investment Partners.
The placement was strongly supported across the register — by global and local institutions, strategic investors, family offices, UHNW and HNW investors, and existing shareholders. It was completed at 10c per share, representing a 23% discount to the last closing price, a 14% premium to the 30-day VWAP, and a 1.4% premium to the 5-day VWAP.
Backing multiple growth fronts
The funds provide us with the financial flexibility to progress several commercial pathways at once.
On the drone and defence front, the raise supports our transaction with Energia 2000, including accelerated SiNTL scale-up activities targeting our 600 mAh/g milestone and preparation for sample production and OEM engagement.
In space, the funds allow us to progress our transaction with Orbit Boy as we move into the satellite and space battery market.
We are also assessing further potential opportunities across the broader defence, drone, satellite, aviation, robotics and autonomous vehicle sectors — including unmanned aerial, ground and sea vehicles, electrically powered aircraft, robotaxis and last-mile robotics.
Powering the data centre boom
At Aurora Energy Precinct, funds will support progression of the approved 140 MW / 280 MWh Battery Energy Storage System (BESS) toward commercial outcomes, along with continued engagement with data centre proponents seeking firmed renewable energy and high-capacity connectivity. Aurora could provide up to 900 MW of reliable renewable energy, positioning the site to benefit from Australia’s fast-growing data centre boom.
We are currently in due diligence engagement with several data centre groups regarding potential investment in Aurora.
Integrated silicon platform
The raise also supports continued development of our integrated silicon platform — including the potential for carbon derived from our SiPHyR® reactors to be used in SiNTL anode material production, and leveraging thermal energy storage to enable low-carbon, dispatchable energy inputs into materials production.
Our Executive Chairman, Dr Kevin Moriarty, said:
“This Placement puts us in a strong position to convert our drone, space and data centre engagement into commercial outcomes. SiNTL’s performance characteristics are resonating directly with defence, aerospace and space customers who can see the benefits the silicon nanoparticle technology offers. With the recently announced drone, UAV and satellite testing programs, we are moving from technology development into real-world validation and expect these to materialise into commercial revenue-generating opportunities. At the same time, Aurora is attracting serious interest from data centre proponents who need firmed, large-scale renewable power. This Placement strengthens our balance sheet as we advance discussions on all fronts.”