Magnis Energy Technologies Ltd.

Magnis Energy Technologies Ltd. is pleased to announce the appointment of Non-Executive Director Hoshi Daruwalla as the Company's Managing Director . Based in the United States, Hoshi will oversee Magnis' U.S. expansion plans. Hoshi brings over 30 years of experience in global tier-1 advanced manufacturing companies where he has held board [...]

Magnis Energy Technologies Ltd. is pleased to announce that iM3NY has entered into a JV Agreement with OSM. The JV will manufacture and sell lithium-ion battery packs. Magnis is the major shareholder of iM3NY. OSM and iM3NY Joint Venture The JV company will manufacture and sell lithium-ion battery packs produced in India to be used in OSM's two [...]

Magnis Energy Technologies Ltd. is pleased to present its Quarterly Activities Report and overview of operations for the period ended 31st March 2023 . Key Highlights - Signed offtake with Tier 1 OEM EV manufacturer underpinning the Anode Active Materials and Nachu projects - Shortlisted sites identified for the AAM facility and indicative [...]

Magnis Energy Technologies Ltd. is pleased to announce it has awarded Worley Group Inc. a services contract to provide pre-Front-End Engineering & Design , FEED, and project permitting services for its planned commercial scale Anode Active Materials project in the US. After recently appointing commercial real estate adviser Jones Lang Lasalle to [...]

Magnis Energy Technologies Ltd. is pleased to provide an update from iM3NY of which the Company is the major shareholder. Bridging Finance Following the Company's recent successful capital raise, Magnis has provided bridging finance to iM3NY LLC for the benefit of its subsidiary Imperium 3 New York Inc as it progresses its long-term funding [...]

Magnis Energy Technologies Ltd. is pleased to announce that it has completed funding from L1 Capital Global Opportunities Master Fund and Regal Funds Management as trustee for one or more funds . As previously announced to the market, the funding is structured as an equity linked pre-paid share subscription facility agreement for a total of up to [...]

Magnis Energy Technologies Ltd. is pleased to announce that it has received a binding funding proposal from US-based SBC Global Investment Fund under which the Company expects to be able to raise up to A$50 million . The Funding Proposal will be structured as an equity-linked pre-paid share subscription facility agreement the material terms of [...]

Australian listed Magnis Energy Technologies has signed a major agreement to supply EV and Lithium-ion Battery giant Tesla with anode materials beginning in 2025. Under the binding agreement Tesla will purchase up to 35,000 tonnes of anode materials per annum at a fixed price. The agreement is for a minimum 3 year term and would make Magnis one of [...]

Magnis Energy Technologies Ltd. is pleased to announce that it has entered into a Binding Offtake Agreement with Tesla, Inc. for the supply of AAM beginning in February 2025 with fixed pricing. Details of the Agreement Under the agreement Tesla will purchase a minimum of 17,500tpa starting from February 2025 with a maximum of 35,000tpa for a [...]

Magnis Energy Technologies Ltd. , a vertically integrated global player in the lithium-ion battery chain for EVs and clean energy storage, provides an update on the operations of the Imperium3 New York Lithium-ion Battery Plant located in Endicott, New York, in which Magnis has a 61% interest. As previously reported, commercial cell production at [...]