Carbonxt Group Increases Ownership Stake in Kentucky Activated Carbon Facility

MT Newswires Live

2025/10/17

Carbonxt Group (ASX:CG1) said it increased its ownership stake in New Carbon Processing to 45.9%, with an additional $750,000 funding, according to a Friday Australian bourse filing.

The firm is targeting a 50% ownership stake in the Kentucky activated carbon facility as part of its US growth strategy. The kiln at the Kentucky facility has been fully constructed, and a refractory lining is currently being installed by the kiln manufacturer.

The kiln is expected to be operable in November.

The firm's shares rose over 1% in recent trading on Friday.

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