Latest Carbonxt (ASX:CG1) News

Carbonxt Group has increased its ownership in the Kentucky activated carbon facility to 43.7%, moving closer to a 50% target as the plant nears commercial production. The company also raised A$1 million via convertible notes to support this strategic expansion.

Carbonxt Group advances commissioning of its Kentucky activated carbon plant while securing $2.5 million in fresh capital and reporting strong sales growth and cost savings ahead of FY26.

Carbonxt Group Limited has initiated a $2 million Share Purchase Plan following successful capital raises, aiming to bolster its Kentucky activated carbon facility as it nears commercial production.

Carbonxt has marked a pivotal quarter with the mechanical completion of its Kentucky activated carbon plant, a 14% rise in powdered activated carbon sales, and a successful $1.03 million capital raise, setting the stage for stronger revenue growth in 2025.