Dengfang Nanomi has officially declared its intention to raise funds amounting to no more than 2.9 billion yuan via a private placement of shares to targeted investors. Once the issuance expenses are deducted, the proceeds will be earmarked for the Integrated Lithium Battery New Material (Phase I) Project, specifically the 200,000-ton-per-annum Phosphate New Material Project, as well as to bolster the company's working capital.
Within this framework, the Integrated Lithium Battery New Material Project entails a total investment of 2.4 billion yuan, with 2.15 billion yuan of the raised capital allocated to it. Meanwhile, the initiative to replenish working capital is set to utilize 750 million yuan.
The project's primary objective is to augment the annual production capacity by 200,000 tons of a cutting-edge, high-compaction phosphate new material. This strategic move is designed to cater to the escalating demand within the new energy vehicle and energy storage sectors, thereby fortifying the company's competitive edge in the marketplace.