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Magnis to “fast track” new NY lithium plant

Mon, 02/12/2018 - 10:47 -- John Shepherd
Magnis to “fast track” new NY lithium plant

Australian graphite producer Magnis Resources is to “fast track” plans to build a lithium-ion battery plant in New York State after acquiring equipment and raw materials from a former battery site in North Carolina.

Magnis confirmed on 8 February it had completed a successful AUD5 million ($3.9m) capital raising to fund its share of the purchase of the former battery plant in North Carolina.


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