MAGNIS ENERGY TECHNOLOGIES LTD - ASX Briefs

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MAGNIS ENERGY TECHNOLOGIES LTD (ASX: MNS)

MNS: Magnis Completes Funding from Investors

MAGNIS ENERGY TECHNOLOGIES LTD

Magnis has completed funding of A$25 million (with potential for an additional A$25 million) from L1 Capital Global Opportunities Master Fund and Regal Funds Management.
The funding is structured as an equity-linked pre-paid share subscription facility agreement.
This will strengthen Magnis' balance sheet and accelerate development of its vertically integrated AAM business.

2023-03-24 15:10:00

MNS: MNS Receives Funding Proposal from US Fund

MAGNIS ENERGY TECHNOLOGIES LTD

Magnis has received a binding funding proposal from SBC Global Investment Fund for up to A$50 million.
It will be structured as an equity-linked pre-paid share subscription facility.
The pre-payment of A$25 million is subject to customary conditions, with the potential for an additional A$25 million.

2023-03-17 11:00:00

MNS: Magnis Signs Offtake Agreement

MAGNIS ENERGY TECHNOLOGIES LTD

Magnis has entered into a Binding Offtake Agreement with Tesla for the supply of Anode Active Materials (AAM) beginning in February 2025.
The agreement requires Magnis to supply a minimum of 17,500 tonnes per annum (tpa) of AAM, with an option to increase up to 35,000tpa.
Magnis will commence large scale pilot plant development for both AAM and Nachu graphite concentrate immediately.

2023-02-21 08:50:00