Magnis Energy Technologies: Receives final permit for lithium-ion battery plant

Magnis Energy Technologies Receives final permit for lithium-ion battery plant

• Magnis Energy Technologies (MNS) has announced the final permit for its New York lithium-ion battery plant has been approved
• The approval, labelled aquifer permit, was approved by the Village of Endicott
• The project now has the aquifer permit, air permit and the environmental justice plan, allowing the plant for near term production
• The plant is fully funded to generate over one gigawatt-hour of high-grade lithium-ion battery cells per year, with production expected in early 2022
• On the market this afternoon, Magnis is up 5.33 per cent and is trading at 39.5 cents per share