Magnis secures A$11.1 million

MAGNIS Resources says it has secured a quality cornerstone investor in AL Capital Holding which is taking a 4.98% stake in the company for A$11.1 million.

Magnis secures A$11.1 million Magnis secures A$11.1 million Magnis secures A$11.1 million Magnis secures A$11.1 million Magnis secures A$11.1 million

Gigafactory relocation underway in August

Magnis intends to use the funds towards its Nachu graphite project in Tanzania and to capitalise on "current and future growth opportunities" in the battery technology sector.