Magnis Energy Pursues Major Project Funding
Company Announcements

Magnis Energy Pursues Major Project Funding

Magnis Energy Technologies Limited (AU:MNS) has released an update.

Magnis Energy Technologies Ltd is advancing its Nachu Graphite Project with Singapore-based PEY Capital working to secure US$320 million in funding, which would enable the construction of the graphite concentrate production facility; however, there is no certainty the financing will be successful. Meanwhile, the company is also seeking to refinance the debt of its subsidiary Imperium3 New York through PriceWaterhouseCoopers, attracting interest from several institutional investors and working towards revising its business plan to transform the battery plant into a cash-generating asset.

For further insights into AU:MNS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskMagnis Energy Announces Director Departure and Share Options
TipRanks Australian Auto-Generated NewsdeskMagnis Energy Announces Board Member Retirement
TipRanks Australian Auto-Generated NewsdeskMagnis Energy Advances Graphite Project, Faces Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App