Cleantech meets Agtech. Revolutionary technology. Returning Nutrients to Nature

Live ReNutrients Pty Ltd

ReNutrients Pty Ltd | Equity Crowdfunding

Equity Crowdfunding Type of Offer
$4.75 millionPre-money Valuation
$250 Minimum Investment
Up to $750,000 Size of Offer

Minimum Target $250,000

110%

$274,305

Raised

5-13.6%

Equity

184

Investors

Closes in

1d
1h
1m
1s

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Media Coverage

ReNutrients are on a mission to solve the Australian wide issue of battery waste and the catastrophic impact it has on our drinking water, soil pollution, and water contamination. Their CleanTech solution, which promotes a circular economy, has received Australian-wide news coverage.

View their channel 7 interview on the left, or read their feature in The Australian and The Courier below!

Investment Highlights

Clean Technology Solution

96% of used alkaline batteries in Australia are sent to landfill. ReNutrients is on a mission to recycle these batteries and convert them into organic fertiliser, reducing total landfill and putting valuable minerals back into the soil.

Large Addressable Market

The Australian liquid fertiliser market was valued at US$489 million in 2016 and is expected to reach US$646 million by 2024. Demand for organic products is on the rise due to the more versatile and cost effective nature compared to traditional chemical fertilisers and increasing environmental awareness.

Discussions with Government

Currently in discussions with State and Federal Government in regards to a local production facility. Both levels of Government have shown strong interest in providing a sustainable solution to battery waste.

Significant Growth Opportunities

Waste streams from metal production and smelters for Manganese Sulphate production can be used in production of new batteries. Current global demand for Ultra-High Pure Manganese Sulphate is $100M with an expected CAGR of 13.1% to reach $280M by 2027.

Exclusive Partnership with Tracegrow

RenNutrients is the exclusive distribution partner for Tracegrow in Australia and New Zealand enabling not only the supply of their organic liquid fertiliser, but the ability to bring the technology to Australia and set up a local battery waste processing and product manufacturing facility.

Improved Agricultural Yields

Successful trials have shown increased yields for growers by up to 26% when using the organic, recycled battery solution. Most Australian cropping soils are Zinc deficient, and these products efficiently correct this, creating bigger yields for growers.

 

Problem

Every year over 419 million handheld batteries are sold in Australia and just 4% of these are recycled with the rest going to landfill. As batteries begin to break down in landfill, heavy metals can leach into the surface and groundwater. A concerning prospect given one small battery can pollute 167,000 litres of drinking water. With consumer demand for handheld devices continuing to rise, the present disposal and recycling capabilities for batteries in Australia is simply not sufficient to meet the growing demand.

From an agricultural perspective, farming soils across Australia rely heavily on fertiliser supplements and pest management to harvest saleable crops. Demand has stripped the soils of vital nutrients and voided regeneration. The over use of synthetic chemical based fertilisers has further contributed to the polluting of rivers and oceans.

Ultimately, mining finite minerals to make new batteries while we bury the equivalent in landfill is inefficient and damaging to our environment.

Clean Technology Solution

ReNutrients is on a mission to address the issue of battery waste in Australia whilst returning the valuable minerals used in the batteries to the ground.

Via their exclusive distribution agreement with Finnish cleantech company, Tracegrow, ReNutrients has a suite of organic fertilisers made from recycled alkaline batteries, that removes toxic waste from landfill and provides Australian farmers with an organic, high yield liquid fertiliser to repurpose Zinc and Manganese used in alkaline batteries.

The revolutionary, patented technology purifies used alkaline batteries into a rich micronutrient fertiliser containing both Zinc & Manganese. Approved for organic input, trials have shown increased yields for growers by up to 26% when using Tracegrow’s organic liquid fertiliser, ZM-Grow, and outperformed traditional competing products in both yield volume and enrichment of crops.

ReNutrients is currently establishing distribution channels throughout Australia and New Zealand for the organic fertiliser products made from recycled batteries. The versatility of liquid fertiliser means that the Company is also in discussions with large producers of granular micronutrient fertiliser to use ReNutrients’ products as a coating to granules providing additional value for farmers.

The Opportunity

The Australian liquid fertiliser market was valued at US$489 million in 2016 and is expected to reach US$646 million by 2024. Organic products are becoming more favourable due to increased environmental awareness and the liquid application is more versatile and cost effective than traditional chemical fertilisers.

ReNutrients has first rights to set up a manufacturing facility for Tracegrow’s patented organic liquid fertiliser using recycled alkaline batteries in Australia and New Zealand. The Company is in discussions with both State and Federal government to aid in the development of a manufacturing facility as the Government looks to tackle the 96% of batteries sold in Australia currently sent to landfill. A local manufacturing facility would provide ReNutrients with the opportunity for greater margins whilst establishing a complete circular solution to battery waste in Australia.

In addition, it would open up new opportunities in other waste streams from metal production and smelters for Manganese Sulphate production that can be used to make new batteries. Current global demand for Ultra-High Pure Manganese Sulphate is $100M with an expected CAGR of 13.1% to reach $280M by 2027.

The Board

Brett Smuts

Founder & CEO

Brett is an experienced and successful entrepreneur with multiple start-up history. After 15 years of international experience as an expatriate, Brett decided to bring home to Australia a solution to solve battery waste, while supporting our vital Agricultural Industry. His focus after establishing Renutrients as a key Fertiliser supplier will be to capture the industrial demands of the new battery market and focus of export opportunities.

Nigel Ryding

Founder, Director & COO

Nigel is an experienced Marketing Professional and Operations Manager. He has been involved with multiple start-up companies and projects in the Middle East, leading wet-area contractors on major projects such as The Royal Atlantis, Dubai, St-Regis, Abu Dhabi and The Waldorf Astoria, Ithaafushi, Maldives. Nigel looks after the day-to-day operations of the company and leads marketing strategy and implementation.

Terms of the Offer

Issued Capital

For more detailed information, please read the Capital Structure section of the offer document.

Use of Funds 

For more information, please read the Use of Funds section of the offer document.

Company Risks

ReNutrients Pty Ltd is an early-stage company and is aiming to revolutionise the treatment of battery waste in Australia, where just 4% of battery waste is recycled, leaving 96% in landfill.  As with any early-stage business, an investment in the Company should be seen as high-risk and speculative. A description of the main risks that may impact their business are listed in the offer document. Investors should read this section carefully before deciding to apply for shares under the Offer. There are also other, more general, risks associated with the Company (for example, competition, commodity prices, contract risk or the inability to sell their shares).

See the Risk section in the Offer Document for further information.

The Offer is subject to a Maximum Subscription amount of $750,000. If the Maximum Subscription is reached, the Offer will close early. Applications will be treated on a time priority basis and may be subject to scale back, so please fund your application as soon as possible

Risks

IMPORTANT: Please read the below information before investing in this Equity Crowdfunding offer.

RISK WARNING:  Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks. You may lose your entire investment, and you should be in a position to bear this risk without undue hardship. Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares. Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.

Even though you have remedies for misleading statements in the replacement offer document or misconduct by the company, you may have difficulty recovering your money. There are rules for handling your money. However, if your money is handled inappropriately or the person operating this platform becomes insolvent, you may have difficulty recovering your money. Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.

5 DAY COOLING OFF PERIOD: There is a 5 business day cooling off period for retail investors. During this period, you may withdraw your application and receive a full refund into your nominated refund account. Please note: After the 5 day cooling off period has expired, you will be unable to withdraw your application. More information here.

ONMARKET FEES: Upon successful completion of the Offer, a maximum fee of 7.5% of the funds raised will be paid to OnMarket by the Company.

ONMARKET INTERESTS: OnMarket and its associates may be participating in this offer.

ONMARKET INTERESTS AND AMOUNTS SUBJECT TO COOLING OFF: The funding bar displayed under each crowd funding offer may include applications where payments are yet to be made and amounts that are subject to the cooling off period.

Section 734(6) disclosure: The issuer of the securities is ReNutrients Pty Ltd ACN 637 896 505. The securities to be issued are fully-paid ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above)

Question time

We'd love to answer your questions, we'll have one of the OnMarket team or the company representative of the offer get back to you asap. So ask away ...

Tracegrows exclusive deal

I would like more information on the ReNutrients exclusive distribution deal. I want to understand the value this is worth as there is no value in the balance sheet. As this seems to be a major risk to the company I need to understand the value and security of this. How long is this exclusive deal for, what are the conditions or requirements for retaining this?

Nigel L (OnMarket member) on 07/11/2021

Hi Nigel, thank you for your question. We are currently operating under the Exclusive Distribution agreement with first right of refusal for the purchase of a production facility here in Australia. With the current distribution agreement due to expire in 2023, The Company is engaged in positive discussions with Tracegrow for the extension of the agreement and provision of support in establishing a production facility in Australia. Kind regards.

Brett S (ReNutrients Pty Ltd representative) replied to Nigel L on 08/11/2021
production facilities

Good morning:). In a second or third capital raising how much would be needed to have a commercially viable production facility?

maskota d (OnMarket member) on 19/11/2021

Thanks for your question. A production facility in Australia will cost between $15-$25million depending on volume capabilities. We have the possibilities to process many other metal waste streams through one factory, not only battery waste.

Brett S (ReNutrients Pty Ltd representative) replied to maskota d on 23/11/2021
Types of batteries

hi a couple of quick questions
1. how do you plan to obtain the end of life batteries? where will drop off points be and what is the cost to setup an network of collection points.
2. can you recycle lithium batteries?
3. Agreement to 2023 is short term, what happens to this company if the agreement is not renewed?
4. this seems to be a franchising of an existing tech is that correct?

thanks

Kevin P (OnMarket member) on 23/11/2021

Hi Kevin, thanks for your question and sorry for the delay. Its been a busy week with the media.
1. There are companies specializing in collection, working with supermarkets and some retailers to collect used batteries. We are working with the Battery Stewardship Council to further develop the awareness and reach of this collection program.
2. Our technology does not currently recycle Lithium, however there are more than enough Alkaline batteries and other waste streams to keep us busy for many years to come!
3. We are looking to move towards and MOU with Tracegrow to develop a facility here in Australia post 2022. We will have another agreement to replace the distribution agreement in the very near future.
4. This is not franchising of existing Technology. This is the first technology in the world to produce a micronutrient fertilizer from used batteries. Thank you!

Brett S (ReNutrients Pty Ltd representative) replied to Kevin P on 25/11/2021
Intellectual property (IP)

1. Have you developed any new Intellectual Property (IP) and/ or are you licensing from existing IP's for this?
2. Can you explain these IP's and how they are/ will be used with costs or advantages to the business?

Thank you.

Matthew H (OnMarket member) on 25/11/2021

Hi Mathew. The IP is developed and currently owned by Tracegrow in Finland. The terms of a facility in Australia are currently under discussion but most likely it will be a licensing agreement under JV.
The IP is registered under worldwide Patent including Australia. We will be the first and only company to produce Agricultural grade micronutrient fertilizer on Australian soil. There will be significant cost advantages, among others to produce locally in Australia.

Brett S (ReNutrients Pty Ltd representative) replied to Matthew H on 30/11/2021
Battery Collection

It would seem to me to be a good idea to partner with the already established recycling centers as part of a battery drop off point as you may not get enough product through supermarkets. Is this being considered?

Ashley L (OnMarket member) on 30/11/2021

Hi Ashley, Yes that is correct. We will partner with companies that specialize in collection as they have the logistical infrastructure to do so efficiently. Our facility will be able to sort, crush and recycle process the used batteries from A-Z. There are also many other waste streams that this technology could be used for, so we are not limited to only used batteries.

Brett S (ReNutrients Pty Ltd representative) replied to Ashley L on 30/11/2021

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Cleantech meets Agtech. Revolutionary technology. Returning Nutrients to Nature

 

Every year over 419 million handheld batteries are sold in Australia and just 4% of these are recycled with the rest going to landfill. As batteries begin to break down in landfill, heavy metals can leach into the surface and groundwater, polluting our soils and waterways.

 

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