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Magnis Energy Technologies Limited ( (AU:RYZ) ) has issued an announcement.
Ryzon Materials Ltd has announced an agreement to capitalize its secured debt by issuing 339,880,000 fully paid ordinary shares and 169,940,000 options, subject to shareholder approval and re-quotation on the ASX. This move is seen as a significant step forward for the company, which is actively engaged in the graphite/anode sector and is progressing with the Nachu project while continuing discussions with customers and investors.
More about Magnis Energy Technologies Limited
Ryzon Materials Ltd (ASX: RYZ) is a vertically integrated lithium-ion battery technology and materials company involved in the Lithium-ion battery supply chain. The company aims to facilitate the mass adoption of Electric Mobility and Renewable Energy Storage, which are 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.