Australia markets open in 6 hours 58 minutes
  • ALL ORDS

    7,726.80
    -1.70 (-0.02%)
     
  • AUD/USD

    0.7468
    -0.0003 (-0.04%)
     
  • ASX 200

    7,415.50
    +0.10 (+0.00%)
     
  • OIL

    83.98
    +1.48 (+1.79%)
     
  • GOLD

    1,793.10
    +11.20 (+0.63%)
     
  • BTC-AUD

    80,291.27
    -2,585.90 (-3.12%)
     
  • CMC Crypto 200

    1,453.34
    -49.69 (-3.31%)
     

Magnis Energy Technologies Limited (MNS.AX) Air Permit Received for New York Lithium-ion Battery Plant

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
Magnis Energy Technologies Limited
Magnis Energy Technologies Limited

Magnis Energy Technologies Limited (MNS.AX) Air Permit Received for New York Lithium-ion Battery Plant

Sydney, Australia, Oct 1, 2021 - (ABN Newswire) - Magnis Energy Technologies Limited (ASX:MNS) (HAM:U1P) (OTCMKTS:URNXF) is pleased to announce iM3NY has received its Air Permit, a major milestone for near term production at the iM3NY Battery Plant based in Endicott, New York. Magnis is the major shareholder of the project.

The Air Permit was officially granted by the New York State Department of Environmental Conservation (NY DEC). With the granting of the Air Permit and the Environmental Justice Plan, the Aquifer Permit remains outstanding and is expected to be granted in October.

With the granting of the Air Permit, internal construction and engineering of major components required for cell manufacturing which includes the dry room will begin immediately and materials processing can now take place. The project continues to be on track and will see an acceleration of activities with the granting of the Air Permit.

iM3NY CEO Chaitanya Sharma commented: "Today is a very important day for iM3NY with the granting of the Air Permit by NY DEC. The team has worked for nearly six months to secure this important milestone for the project."


About Magnis Energy Technologies Limited:


Magnis Energy Technologies Limited (ASX:MNS) (OTCMKTS:URNXF) (FRA:U1P) aims to become a leading global producer of next-generation green credentialed Lithium-Ion Battery (LIB) cells, enabling the future energy requirements of the world, the global storage of renewable energy and electrification of transportation.

Leveraging off a world class graphite asset in Tanzania, associated production IP and a strategy partnership with US based Charge CCV, Magnis will manage an end to end supply chain, sourcing the raw materials and associated technologies for these cells.

Magnis has three core areas of focus which provide the Company with a strategic advantage; battery technologies, gigafactories and graphite.

Contact:

Frank Poullas
Executive Chairman
Ph: +61 2 8397 9888
www.magnis.com.au

Source:
Magnis Energy Technologies Limited

Copyright (C) 2021 ABN Newswire. All rights reserved.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting