Magnis completes battery plant purchase

MAGNIS Resources has reported the completed US$5 million (A$6.3 million) acquisition of a new lithium-ion battery plant to relocated to in New York, giving it an increased share in the Imperium3 consortium it shares with Boston Energy and Innovation and Charge CCCV in the process.

Magnis Resources furthers its lithium-ion battery plant acquisition and increases stake in Imperium-3 consortium to 43%

23 February 2018
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Magnis announced earlier this month that Imperuim3 had placed the winning bid in a fire sale of the "near new" battery manufacturing equipment.

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