Magnis Energy Technologies has welcomed ‘firm commitments’ from institutional, professional and other investors to raise $7.65 million via a placement of 45,000,000 ordinary shares at 17 cents per Share. The company is proposing to build a battery plant in Townsville. The offer is being managed by joint lead managers Aitken Murray Capital Partners and Foster Stockbroking and inc...
Townsville battery plant proponent Magnis Energy Technologies is tapping investors to raise $1.5 million through a share placement. The ASX-listed company said it had received firm commitments from professional, sophisticated and institutional investors to raise the amount. “We are encouraged by the strong interest shown in our capital raising which was done at a small discount to the pre...
Imperium3 Townsville has finalised the feasibility study for an 18 GWh lithium-ion battery cell manufacturing facility in Townsville. The total construction cost for the plant would be more than $3 billion, according to an independent review by Townsville-based quantity surveyors Rider Levett Bucknall (RLB). However the project would be phased over three stages of 6 GWhs each, reducing the ...
The group behind a proposed Townsville battery manufacturing plant has submitted a draft feasibility study to the State Government. And new design work has seen the plant scaled up from a 15 GWh lithium-ion cell manufacturing facility to 18 GWh. Magnis Energy Technologies has provided an update on the Townsville project in its quarterly activities report. It has one-third ownership in th...
A feasibility study underwriting the proposal for a battery factory in Townsville is due for wider release at the end of July. The Queensland Government, which is supporting the study with a $3.1 million grant, will have the document first, said Senior Development Manager at Boston Global, Jason Shepherd. The project proponent, Imperium 3 (iM3), is an international joint venture led by Bos...
Magnis Energy Technologies has provided an update on the feasibility study for a 15 GWh lithium-ion cell manufacturing facility in Townsville. The project is expected to create 750 jobs in high technology manufacturing. Ausenco is overseeing process development for the proposed plant and the GHD office in Townsville is overseeing site development and building design. Initial findings...
The BIO Convention in Boston has formed the backdrop for Townsville City Council and Imperium3 signing an agreement to progress a north Queensland lithium-ion battery plant. Mayor Jenny Hill said signing the agreement was the next crucial step to establishing the battery plant in Townsville. Townsville Mayor Jenny Hill. “This battery plant has the potential to transform Townsville and charge the...
Magnis Resources has selected Woodstock as the site for its proposed $2 billion Townsville Lithium-ion Battery Gigafactory and is moving on to its feasibility study. Townsville City Council has approved offering about 400ha of land in Woodstock, in exchange for equity in the project. Woodstock is located on the Flinders Highway, about 40km from the Port of Townsville, and the parcel of land selec...
Magnis Resources says it is close to choosing a site for its proposed Townsville lithium-ion battery gigafactory. The company said meetings in recent weeks with senior Townsville City Council officials and State Members of Parliament had confirmed a high level of support for the project. A number of potential local council and state development sites which met the consortium’s criteria had been ...
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