AnteoTech (ASX:ADO) decided not to proceed with the AU$1.4 million grant funding agreement with the Queensland government under the Queensland Critical Minerals and Battery Technology Fund, and the parties executed a mutual termination, according to a Friday Australian bourse filing.
It said the funding would have required it to invest an additional AU$2.2million, and it established options to achieve commercial cell design performance testing when needed at lower costs, the filing said.
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