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Magnis Energy Technologies Limited ( (AU:RYZ) ) has shared an update.
Ryzon Materials Ltd has lodged a Supplementary Prospectus with the Australian Securities and Investments Commission, which introduces amendments to its existing Prospectus. The changes include additional disclosures related to the proceeds of offers and the pro-forma balance sheet, as well as details of a contract for engineering design services for its Nachu Project, valued at $3.5 million, to be paid through shares and options. This move is expected to enhance Ryzon’s operational capabilities and strengthen its position in the battery technology industry.
More about Magnis Energy Technologies Limited
Ryzon Materials Ltd is a vertically integrated company specializing in lithium-ion battery technology and materials, playing a crucial role in the lithium-ion battery supply chain. The company focuses on supporting the mass adoption of electric mobility and renewable energy storage, essential for the green energy transition.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$50.38M
For a thorough assessment of RYZ stock, go to TipRanks’ Stock Analysis page.