Magnis Energy Technologies Limited (AU:MNS) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Magnis Energy Technologies Limited reported ongoing negotiations for funding and off-take agreements for its Nachu Graphite Project, despite terminating its formal appointment with Singapore-based PEY Capital. The company is also actively working on refinancing the secured debt of its majority-owned battery plant, iM3NY LLC, in New York, but the plant did not generate any revenue in the last quarter. Additionally, Magnis announced board changes and remains suspended from the ASX due to compliance issues, as it works to meet continuous disclosure obligations.
For further insights into AU:MNS stock, check out TipRanks’ Stock Analysis page.
