Magnis Energy Technologies

Magnis Energy Technologies Limited (ASX:MNS) is a vertically-integrated battery technology developer, manufacturer and near-term graphite producer. The company's flagship Nachu graphite project in Tanzania is one of the world's most advanced and shovel-ready graphite projects. The project is fully-permitted, has a bankable feasibility study (BFS), a power supply agreement and a favorable port authority agreement.

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MNS:AU


Overview

Magnis Energy Technologies Limited (ASX:MNS) is a vertically-integrated battery technology developer, manufacturer and near-term graphite producer. The company's flagship Nachu graphite project in Tanzania is one of the world's most advanced and shovel-ready graphite projects. The project is fully-permitted, has a bankable feasibility study (BFS), a power supply agreement and a favorable port authority agreement.

Magnis has demonstrated that Nachu represents a viable alternative for end-users seeking a greener and lower-cost supply chain for graphite anodes in lithium-ion batteries. The project is able to produce high-performance, high-purity graphite products without the use of any chemical or thermal purification methods.

The global graphite market is expected to reach $18.7 billion by 2022. The demand for graphite in recent years has been due to a rise in clean energy initiatives, new building materials and the demand for lithium-ion batteries. Graphite is an essential component in lithium-ion batteries and as electric vehicle sales grow, the demand for the metal could grow as well.

In addition to developing its graphite project, Magnis has been working with Charge CCCV LLC (C4V) and Boston Energy and Innovation (BEI) to develop two lithium-ion battery gigafactories in New York, USA and Townsville, Australia.

The New York factory is expected to be operational in the near term and is expected to initially produce one gigawatt hour, but can increase its capacity to 15 gigawatt hours. The factory has received $13.25 million in funding from the New York state government.

The Townsville gigafactory is planned for first production in Q3 2022. The feasibility study for the project was funded by the Queensland State Government. The report outlined an NPV of AU$2.55 billion and an IRR of 21 percent. It also suggested the adoption of a three-phased construction model to reduce capital costs and for the integration of new technology as the facility is built. Magnis and its operating partners have been engaged in discussions with various end-users to secure offtake and sales agreements. Additionally, Magnis is responsible for sourcing the anode material and technology to be used at the factories.

Company Highlights

  • One of the largest mineral resources of large flake graphite in the world: 174 million tonnes at 5.4 percent total graphitic carbon for 9.3 million tonnes contained graphite.
  • BFS released in March 2016 contained an after-tax NVP (10 percent of $1.69 billion, an IRR of 98 percent, a capital payback of 14 months and a capital cost estimate of $269 million.
  • Demonstrated ability to produce a greater than 99.95 percent purity coated spherical graphite anode product with no chemical purification processes.
  • Key environmental, mining permits and fiscal agreement in place.
  • Power contracts secured and port authority agreement nearly complete.
  • Arranging project financing and offtake and supply agreements.
  • Acquired 10 percent interest in C4V.
  • C4V has developed the first solid-state lithium-ion battery.
  • 50.8 percent interest (direct and indirect shareholding) in the New York gigafactory.
  • Recently a key member and stakeholder in delivering the feasibility study to Queensland Government for the planned Townsville battery plant (18 gigawatt hours).

Recent News

Company News

Magnis Energy Executes Binding EPC Contract with Metallurgical Corporation of China (MCC)

Magnis is pleased to announce that it has executed a Binding Engineering, Procurement and Construction contract with Metallurgical Corporation of China.

Magnis Energy Technologies Limited (“Magnis”, the “Company”) (ASX:MNS) is pleased to announce that it has executed a Binding Engineering, Procurement and Construction (“EPC”) contract with Metallurgical Corporation of China (“MCC”), to provide turn-key solution for a 240,000 tpa graphite production facility at the Company’s Nachu Project in Tanzania.

Highlights:

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Magnis Energy Technologies Provides Quarterly Activities Report

Magnis Energy Technologies Ltd (“Magnis” or the “Company”) [ASX:MNS) is pleased to present its Quarterly Activities Report for the period ended 30 September 2019.

HIGHLIGHTS:

  • National Australian Bank engaged as an advisor to Imperium3 Townsville (“iM3TSV”), bringing extensive experience in advising on funding large projects in the renewables sector, including working alongside Government bodies to advise
    projects in North Queensland.
  • Independent valuation completed by O’Brien & Gere as part of due diligence for iM3 New York battery plant funding, with equipment valued at US$71.34 Million (A$105.5 Million) and Magnis’ direct and indirect ownership at 50.86% of the
    project for approximately A$53 Million.
  • As part of the project site works, clearing progressed smoothly at the Nachu Graphite Project in Tanzania, further advancing the project.

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Nobel Prize awarded to Magnis Director Distinguished Professor M.Stanley Whittingham

Magnis Energy Technologies Limited is pleased to announce Professor M. Stanley Whittingham, has been awarded the 2019 Nobel Prize in Chemistry.

Magnis Energy Technologies Limited (“Magnis” or the “Company”) (ASX:MNS) is pleased to announce its Non-Executive Director, Distinguished Professor M. Stanley Whittingham, has been awarded the 2019 Nobel Prize in Chemistry for his work in developing the Lithium-ion battery.

The award was announced last night in Stockholm by Göran K. Hansson, Secretary General of The Royal Swedish Academy of Sciences.

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Townsville Battery Manufacturing Plant Feasibility Study Submitted to Queensland Government

Magnis Energy is pleased to announce that Imperium3 Townsville has finalised the feasibility study for a lithium-ion battery cell manufacturing facility

Magnis Energy Technologies Limited (“Magnis” or the “Company) (ASX:MNS) is pleased to announce that Imperium3 Townsville [“iM3TSV”] has finalised the feasibility study [the “Study] for an 18 GWh lithium-ion battery cell manufacturing facility in Townsville, Queensland. Magnis owns one third of iM3TSV.

As announced on 5 June 2018, formal agreements to fast track the Townsville battery plant project were signed with the feasibility study to commence shortly after [ASX Release, 5 June 2018]. The project also received a $3.1 million grant from the Queensland Government [ASX Release, 27 August 2018].

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