Currently viewing Global edition

Magnis strikes deal to develop battery projects

Magnis Energy Technologies has been offered up to A$50 million by US-based SBC Global Investment Fund to develop a vertically-integrated graphite and active anode material business.

Magnis strikes deal to develop battery projects Magnis strikes deal to develop battery projects Magnis strikes deal to develop battery projects Magnis strikes deal to develop battery projects Magnis strikes deal to develop battery projects

Magnis has been working on Nachu for more than a decade

The funding, starting with an initial $25 million, is structured as an equity-linked pre-paid share subscription facility
 
It is designed to strengthen the balance sheet as Magnis aims to

topics

loader