The Government of India Announces Interest in Building India’s First Lithium-ion Battery Gigafactory

  • Announcement made by The Central Government of India’s Ministry of Heavy Industries and Public Enterprises
  • Bharat Heavy Electricals Limited (BHEL) and LIBCOIN in talks to build India’s first lithium-ion battery (LIB) gigafactory
  • Magnis has a 20% non-dilutive ownership in LIBCOIN
  • BHEL is a global energy powerhouse with its equipment accounting for 60% of India’s power generation
  • Discussions being conducted with binding agreements expected to be signed in the near future
  • Project to be part of Prime Minister Modi’s “Make in India, for India” program

Magnis Energy Technologies (ASX:MNS) (“Magnis”) wishes to draw attention to an announcement by The Government of India’s Ministry of Heavy Industries and Public Enterprises, regarding BHEL being in dialogue with LIBCOIN on the building of India’s first lithium-ion battery (LIB) Gigafactory beginning at 1GWh and scaling up to 30GWh. The announcement is attached at the conclusion of this release.

LIBCOIN is a consortium made up of Magnis, Duggal Family Trust and Charge CCCV (“C4V”) and has a vision to build large LIB gigafactories globally with the focus being on the Indian market. Magnis has a 20% non-dilutive stake in LIBCOIN.

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Magnis Energy Technologies (ASX:MNS) (“Magnis”) wishes to draw attention to an announcement by The Government of India’s Ministry of Heavy Industries and Public Enterprises, regarding BHEL being in dialogue with LIBCOIN on the building of India’s first lithium-ion battery (LIB) Gigafactory beginning at 1GWh and scaling up to 30GWh.

Magnis Appoints Managing Director As It Plans for Significant Growth

  • Non-Executive Director Marc Vogts appointed Managing Director of Magnis
  • Marc is a highly experienced Project Executive and has held Project Director and Vice President roles at BHP Billiton and Rio Tinto
  • Magnis to enter significant new growth phase
  • New logo released to coincide with name change
  • New battery plants and financing discussions progress

Magnis Energy Technologies (ASX:MNS) (“Magnis” or the “Company”) is pleased to announce the appointment of Non-Executive Director Marc Vogts as Managing Director. Marc will oversee the major growth of the Company. The appointment will take effect on 15 November 2018.

Marc, a project executive has an experienced and illustrious career spanning over four decades with an extensive track record in running multi-billion-dollar projects. He was previously Project Director for the QMM Project in Madagascar for Rio Tinto, Vice President for Project Management for BHP Billiton and Vice President for all Uranium Projects including Olympic Dam for BHP Billiton.

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Magnis Energy Technologies (ASX:MNS)(“Magnis” or the “Company”) is pleased to announce the appointment of Non-Executive Director Marc Vogts as Managing Director. Marc will oversee the major growth of the Company. The appointment will take effect on 15 November 2018.

Working Solid State Battery Demonstrated at New York Battery Conference

  • Magnis Partner C4V has developed one of the world’s first working prototype of a Solid State
    Battery
  • Successful demonstration unveiled at the 2018 NYBEST Conference in New York
  • Battery volumetric capacity currently 380Wh/kg and 700Wh/L, with expected further
    optimisation towards 400Wh/kg and 750Wh/L
  • Targeted commercial production with availability by Q2 2019
  • New battery will lead towards lower production costs and does not rely on cobalt, reducing supply
    constraints in mass production

Magnis Resources (ASX:MNS), to be renamed Magnis Energy Technologies Ltd (subject to shareholder approval), is excited to announce that its partner Charge CCCV (C4V) has completed production of a working prototype of a Solid State Battery which was demonstrated at the 2018 NYBEST Conference in New York by C4V.

C4V Solid State Battery Production

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Magnis Resources (ASX:MNS), to be renamed Magnis Energy Technologies Ltd (subject to shareholder approval), is excited to announce that its partner Charge CCCV (C4V) has completed production of a working prototype of a Solid State Battery which was demonstrated at the 2018 NYBEST Conference in New York by C4V.

Funding Update

Magnis Resources (ASX:MNS) is pleased to provide an update on funding discussions for both Magnis and the Nachu Graphite Project (“Nachu”).

Further to the corporate update made on 25 July 2018, discussions have progressed with multiple groups who are currently undertaking either technical or legal due diligence, with the view of making an investment in the Company. Indications to date point to an investment decision in Magnis being made by the end of the month. Several of the potential investors being considered would be either cornerstone or strategic investors.

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Magnis Resources (ASX:MNS) is pleased to provide an update on funding discussions for both Magnis and the Nachu Graphite Project (“Nachu”).

New York Gigafactory Progress

  • 100% of the plant and equipment arrives at Huron Campus next week
  • Re-assembly work to commence soon thereafter
  • OEM’s significant contribution critical in the disassembly and reassembly of the plant
  • Plant on track to commence battery manufacturing by mid-2019

Magnis Resources (ASX:MNS) is pleased to announce that significant progress has been made by Imperium3 New York, Incorporated (iM3NY) with respect to start-up activities for the New York Gigafactory project in which Magnis has an indirect and direct shareholding of 44%.

Disassembly, packaging and shipment of the acquired equipment from the previous battery manufacturing plant in North Carolina to the new iM3NY facility at the Huron Campus in Endicott, New York is nearing completion. All plant and equipment is scheduled to arrive at the Huron Campus next week.

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Magnis Resources (ASX:MNS) is pleased to announce that significant progress has been made by Imperium3 New York, Incorporated (iM3NY) with respect to start-up activities for the New York Gigafactory project in which Magnis has an indirect and direct shareholding of 44%.

Appendix 5B: Mining Exploration Entity And Oil and Gas Exploration Entity Quarterly Report

Magnis Resources (ASX:MNS) releases mining exploration entity and oil and gas exploration entity quarterly report:

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Magnis Resources (ASX:MNS) releases mining exploration entity and oil and gas exploration entity quarterly report:

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