Magnis Resources makes progress on Gigafactory

Company News

by Rachael Jones

Metals and mining company Magnis Resources (ASX:MNS) is pleased to advise that battery development consortium Imperium3 New York (iM3NY) has made significant progress on start-up activities for its New York Gigafactory project.

Magnis has an overall 43 per cent direct and indirect shareholding through the IM3 Global Consortium.

Equipment from the North Carolina plant is in transit to New York – deliveries expected to be finalised in coming months.

These works programmes are all on-target and progressing according to plan.

Shares in Magnis Resources (ASX:MNS) are trading flat at $0.37.

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