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Carbonxt Nears Kentucky Plant Start-Up, Boosts Stake, and Posts 50% Revenue Growth
3:02pm on Tuesday 28th of October, 2025 AEDT
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Cleantech
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Carbonxt Nears Kentucky Plant Start-Up, Boosts Stake, and Posts 50% Revenue Growth
3:02pm on Tuesday 28th of October, 2025 AEDT
Key Points
Ownership in Kentucky facility increased to 45.9%, approaching 50% target
Kiln construction completed; commissioning and start-up imminent
Quarterly revenue surged 50% to $5.45 million with positive operating cash flow
Raised approximately $1.3 million via entitlement offer, convertible notes, and placement
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