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Magnis offered up to $50M for graphite-anode projects

MAGNIS Energy Technologies says it has been offered up to A$50 million by US-based SBC Global Investment Fund to help it develop a vertically-integrated graphite and active anode material business.

Haydn Black
Magnis has been working on Nachu for more than a decade

Magnis has been working on Nachu for more than a decade

The funding, starting with an initial $25 million, is structured as an equity-linked pre-paid share subscription facility   It is designed to strengthen the balance sheet as Magnis aims to complete...

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