Magnis Resources (ASX:MNS) has made significant progress in strengthening the company’s position with multiple battery plants throughout the world and as a leading manufacturer of lithium-ion batteries. Installment of equipment and development of the company’s 44% owned battery plant in New York is on track and given the progress made it is attracting considerable interest from new investors. Magnis owns 33% of the Townsville battery plant and recent support by the Queensland State Government has also generated more investor interest in the Company.
To add to the three plants planned in Australia, the United States and Germany, Magnis and its technology partner Charge CCCV(C4V), have been exploring opportunities to develop battery plants in other countries. Magnis and C4V have the skills and capacity to continue developing new plants which is a key growth pillar for the Company. The Company is planning a regional office which will be staffed by experienced sector professionals, for Magnis to attract added interest from potential investors and industry groups.
Magnis is trading at a current market price of $0.370 as at July 24, 2018 (before market close) and has seen a decline or a performance change of -8.54% over the past 12 months.
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