MNS
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Company News
Magnis Energy strikes anode active materials offtake deal with Tesla
Magnis Energy Technologies (ASX: MNS) has secured a deal with automotive and clean energy company Tesla Inc for the supply of anode active materials (AAM) beginning in February 2025. The fixed price contract will see Magnis supply a minimum 17,500 tonnes per annum up to a maximum 35,000tpa of AAM for an initial term of […]
Magnis Energy Technologies now producing batteries without nickel or cobalt at New York plant
Magnis Energy Technologies (ASX: MNS) has begun production at its Imperium3 (iM3NY) lithium-ion battery manufacturing plant in upstate New York, with annual production rising to 1 gigawatt hours (Gwh) of battery cell capacity by the end of 2023 and 38GWh by 2030. The company said the batteries tick the green credentialled box as they contain […]
Magnis Energy Technologies consortium receives approval for feasibility study on $3b lithium-ion battery plant
A feasibility study for a $3 billion lithium-ion battery gigafactory to be developed in northern Queensland by the Imperium3 consortium – part-owned by graphite company Magnis Energy Technologies (ASX: MNS) – has been approved by the Queensland Government. The news follows discussions between numerous parties including the Department of State Development, Tourism and Innovation, Imperium3 […]
Magnis Energy Technologies’ partner Charge develops ‘game changing’ fast charge battery for EVs
Magnis Energy Technologies’ (ASX: MNS) partner Charge CCCV has developed a battery that it describes as a “potential game changer for electric vehicle manufacturers”. Testing on the unoptimised electric vehicle batteries has yielded “extra fast” charge results, with the battery achieving an 85% charge in six minutes. “Fast charging is usually synonymous with batteries degrading […]
Magnis Energy Technologies awards construction contract for production facility at Nachu graphite project
Aspiring lithium-ion battery cell manufacturer Magnis Energy Technologies (ASX: MNS) has awarded a $406 million engineering, procurement and construction contract to the world’s largest metallurgical construction group for the provision of a turnkey production facility at the Nachu graphite project in Tanzania. Metallurgical Corporation of China (MCC) won the contract following 12 months preparatory work […]
India aspires for energy independence after proposing first lithium-ion battery plant
Bharat Heavy Electricals Limited (BHEL) and Libcoin are in discussion to form a consortium to build India’s first lithium-ion battery (LIB) gigafactory, the government has announced. The proposed plant will initially have a capacity of 1 gigawatt-hours but would be scaled up to 40GWh in due course. With dialogue advancing, state-run energy powerhouse BHEL will […]
Magnis Energy Technologies’ consortium signs funding deal for US lithium-ion battery production
A battery development consortium part-owned by graphite company Magnis Energy Technologies (ASX: MNS) has signed a US$52 million (A$73 million) funding deal for the US-based production of lithium-ion batteries. Imperium3 New York signed the term sheet via a pre-issued European bond used to fund renewable energy projects, with payments to consist of two stages. The […]
Magnis Resources locks-in cornerstone investor, boosts cash to advance graphite and battery assets
Magnis Resources (ASX: MNS) has topped up its cash reserves to advance its flagship Nachu graphite project in Tanzania and proposed battery plants, after AL Capital scooped up a 4.98% cornerstone stake in the company for $11.1 million. AL Capital’s $11.1 million investment in Magnis equated $0.37 per share, which represented a 4% premium to […]
Magnis Resources confirms it can export value-added graphite products from Tanzania
As the Tanzanian Government officially instates its new mining commission, Magnis Resources (ASX: MNS) confirmed its licence to mine graphite at its Nachu project in Tanzania is unaffected by the country’s July 2017 ban on unprocessed mineral concentrate exports because the company will be exporting value-added products. The company today clarified a previous statement it […]
Magnis Resources charges into acquiring stake in lithium battery developer
The quest for vertical lithium supply-chain self-sufficiency is truly on, as graphite powerhouse Magnis Resources (ASX: MNS) decided to pull the trigger in acquiring a 10% stake in Charge CCCV (C4V), a US-based, lithium-ion battery technology group. The deal also includes an “exclusive 5-year agreement over selective patents”, which is expected to empower Magnis in […]
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