Magnis Energy Technologies: Increases ownership in NY lithium plant
- Magnis Energy Technologies has increased its shareholding in the iM3 New York Battery Plant to 53.39 per cent
- Imperium 3 is a global technology company that has also planned three strategic locations to set up lithium-ion battery facilities
- Magnis also will pay US$350,00 by June 30 to acquire BEI’s interest
- It will also required to pay an extra US$150,000 subject to the New York entity securing funding or a joint venture agreement
- Among the other shareholders in Imperium 3 New York is Charge CCCV, Primet Precision Materials and C&D Assembly
- Magnis’ shares have taken a 17.1 per cent dive and are trading for 5.8 cents each
