MAGNIS ENERGY TECHNOLOGIES LTD

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MAGNIS ENERGY TECHNOLOGIES LTD (ASX: MNS)

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MNS: Placement

MAGNIS ENERGY TECHNOLOGIES LTD

Magnis Energy Technologies has raised $10 million through a well-supported placement.
The funds raised will be used to advance various projects and provide working capital.
The executive chairman and managing director of Magnis have committed to subscribing for a portion of the placement.

2023-07-17 09:59:00

MNS: Magnis Increases Ownership in iM3NY

MAGNIS ENERGY TECHNOLOGIES LTD

Magnis Energy Technologies has increased its ownership interest in iM3NY to 73% by converting the Bridging Finance into iM3NY equity.
iM3NY, now UN38.3 certified, can transport its products internationally and is expected to begin commercial field trial sales from production batches this quarter.
iM3NY is in discussion with several parties for potential strategic partnership or investment, with further information to be announced as it becomes available.

2023-07-03 10:09:00

MNS: Magnis CEO Resigns

MAGNIS ENERGY TECHNOLOGIES LTD

David Taylor, CEO of Magnis Energy Technologies Ltd, has resigned.
Taylor's notice period starts today and ends on 1 December 2023.
The board and shareholders express appreciation for David's valuable contributions during a critical development stage of the Company.

2023-06-14 15:09:00

MNS: $25 Million Facility Completed

MAGNIS ENERGY TECHNOLOGIES LTD

Black Rock raises A$10.0 million at A$0.115 per share in a strongly supported placement to new and existing institutional and sophisticated investors.
Placement issue price of A$0.115 per share and Placement participants will receive a one (1) for three (3) free attaching option exercisable at A$0.20 and expiring 24 months from issue.
Funds will be used for general corporate expenses and working capital to complete the debt process and complete the project level partner process.

2023-06-13 09:59:00

MNS: IM3NY Cell Certification Update

MAGNIS ENERGY TECHNOLOGIES LTD

iM3NY has successfully completed 6 out of 7 tests for UN38.3 certification, with 1 result pending.
The final test (T8) is in progress and will conclude after a 7-day observation period; an official compliance report is expected within 2 weeks.
UN38.3 certification is an internationally recognized standard established by the United Nations for the transportation of lithium-ion cells.

2023-06-02 09:23:00

MNS: iM3NY Signs Joint Venture with Omega Seiki Mobility

MAGNIS ENERGY TECHNOLOGIES LTD

iM3NY signs JV Agreement with Omega Seiki Mobility (OSM) for manufacturing and selling lithium-ion battery packs.
OSM is responsible for local operation, funding, sales, and marketing, while iM3NY provides technology and expertise.
iM3NY holds a 26% interest in the JV company, which will target India, UAE, Bahrain, Kuwait, Qatar, and Saudi Arabia.

2023-05-17 09:05:00

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

ASX Briefs...everything...in 3 bullet points

ASX Briefs

*Disclaimer

MAGNIS ENERGY TECHNOLOGIES LTD (ASX: MNS)

MNS: Placement

MAGNIS ENERGY TECHNOLOGIES LTD

MNS: Magnis Increases Ownership in iM3NY

MAGNIS ENERGY TECHNOLOGIES LTD

MNS: Magnis CEO Resigns

MAGNIS ENERGY TECHNOLOGIES LTD

MNS: $25 Million Facility Completed

MAGNIS ENERGY TECHNOLOGIES LTD

MNS: IM3NY Cell Certification Update

MAGNIS ENERGY TECHNOLOGIES LTD

MNS: iM3NY Signs Joint Venture with Omega Seiki Mobility

MAGNIS ENERGY TECHNOLOGIES LTD

MNS: Magnis Completes Funding from Investors

MAGNIS ENERGY TECHNOLOGIES LTD

MNS: MNS Receives Funding Proposal from US Fund

MAGNIS ENERGY TECHNOLOGIES LTD

MNS: Magnis Signs Offtake Agreement

MAGNIS ENERGY TECHNOLOGIES LTD