MAGNIS Energy Technologies has completed the transaction to increase its shareholding in its New York battery plant, which it first announced to market mid-March when it signed an agreement to take Boston Energy and Innovation’s shareholding in the Imperium3 plant for US$350,000.
Funds were due today. An additional bonus of $150,000 will be paid when the factory secures project finance or a joint venture agreement with an offtake partner for the plant within a year. ...
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