Next‑Gen Energy Technology is proud to announce a major milestone in our journey to establish a world‑class Lithium NCA cathode materials manufacturing facility in Adelaide, South Australia.
Last week, we welcomed senior executives from Woods Capital (USA) as they completed a formal due diligence review ahead of our planned USD $100M capital raise. This review, conducted in line with U.S. regulatory requirements, marks a critical step forward for our project and future onshore processing capabilities.
The visit began with an in‑depth tour of our 16,000 sqm manufacturing site at the former General Motors Holden plant. Discussions with Pelligra Property Group provided the Woods team with a comprehensive view of the proposed factory footprint, R&D laboratories, and planned AI‑driven control centre.
A highlight of the day included a guided tour of the Tonsley Innovation District led by Mr Philipp Dautel (Operations Director, Flinders Factory of the Future). The tour offered valuable insight into South Australia’s transformation of a former Mitsubishi car plant into a thriving innovation ecosystem—an inspiring benchmark for our own ambitions.
We also met with Hydra Consulting, our lead engineering partner in Adelaide, who continues to deliver independent validation of business case analysis and feasibility.
Throughout the week, we were pleased to receive strong support from the South Australian Government, including strategic meetings with:
· Invest SA
· Department of Energy & Mining (DEM)
· Minister for Trade & Investment, Hon. Joe Szakacs MP
Further strengthening the week’s outcomes, Mr Darryl Kaufmann, Executive General Manager – Digital Industries at Siemens, travelled to Adelaide to meet with Woods Capital President & CEO Mr Michael Woods and Brent Allen, reaffirming Siemens' enthusiasm for the project.
A key highlight was our session with The University of Adelaide, represented by Prof Michael Goodsite (PVC – Research Services & Infrastructure) and Prof Peter Murphy (PVC – Research Translation). Discussions focused on skills mapping, graduate pathways, and collaborative research initiatives—followed by a tour of the facilities that will support our R&D program.
We also valued the ongoing support and time spent with Cowell Clarke Lawyers and Chapman Capital, who continue to play an essential role in progressing this project.
Projects of this scale demand rigorous analysis and subjecting our plans to external pressure testing through U.S. due diligence has further strengthened our position as we move toward large‑scale investment.
We extend our sincere thanks to Woods Capital for their commitment as our lead banker. Together, we are advancing a future where Australian minerals are processed onshore and sovereign manufacturing capability is expanded across Australia and the United States.
