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Magnis Energy Technologies Limited ( (AU:RYZ) ) has shared an update.
Ryzon Materials has confirmed that the ASX will not remove the company from the official list while the exchange continues its review of Ryzon’s recent submissions, providing the company and its shareholders with interim certainty about its listing status as the query process remains ongoing. In parallel, Ryzon has extended the offer period for its current capital raising to 27 January 2026, with flexibility for directors to close or further extend the offer, a move that underscores the company’s efforts to secure funding to advance its battery technology and materials operations during a period of regulatory scrutiny.
More about Magnis Energy Technologies Limited
Ryzon Materials Ltd (ASX: RYZ) is a vertically integrated lithium-ion battery technology and materials company operating across the lithium-ion battery supply chain, with a strategic focus on enabling electric mobility and renewable energy storage to support the broader green energy transition.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$50.38M
See more insights into RYZ stock on TipRanks’ Stock Analysis page.