Magnis Energy Technologies appoints advisers for Nachu Graphite … – Proactive Investors Australia

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12:35 Mon 19 Dec 2022
Magnis Energy Technologies sees strong growth as it progresses leading-edge lithium-ion battery technology

Magnis Energy Technologies Ltd (ASX:MNS, OTCQX:MNSEF) has appointed HCF International Advisers Limited as financial adviser and Milbank LLP as legal adviser for its Nachu Graphite Project in Tanzania.
HCF, an independent corporate finance advisory boutique based in London with a primary focus on mining and metals, has significant experience in providing structured finance advisory and raising project financing for the global mining sector, for which it has raised in excess of US$12 billion.
It provides strategic and financial advice to companies for the entire project life cycle, from securing funding to operations. Of particular interest is the company’s long history of securing funding for projects in Africa.
International law firm Milbank has advised a range of clients on some of Africa’s most significant transactions in the last 30 years across a number of sectors and jurisdictions, including in Tanzania, and has an in-depth knowledge of local markets and their nuances.
Magnis CEO David Taylor said: “We are pleased to appoint HCF and Milbank as our advisers who have significant mining finance experience in Africa.
“Both advisers will be instrumental in our plans to raise project financing and achieve final investment decision and financial close for the development of the Nachu Graphite Project.”
Magnis Energy Technologies Ltd (ASX:MNS, OTCQX:MNSEF) is a vertically integrated lithium-ion battery technology and materials company with strategic assets, investments and partnerships in several aspects of the electrification supply chain.
The company’s US-based subsidiary Imperium3 New York, Inc operates a Gigawatt scale lithium-ion battery manufacturing plant in Endicott, New York and has commercialised C4V’s patented cathode technology to produce green credentialed lithium-ion battery cells.
Magnis also has a minority stake in C4V and has also exclusively licensed their anode technology to produce high-quality, high-performance anode materials from Magnis’ Nachu Graphite Project in Tanzania.
The company’s vision is to enable, support and accelerate the mass adoption of electric mobility and renewable energy storage critical for the green energy transition.
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Magnis Energy Technologies Ltd (ASX:MNS, OTCQX:MNSEF) CEO David Taylor speaks with Andrew Scott from Proactive about the updated bankable feasibility study (BFS) for the Nachu Graphite Project in Tanzania which confirmed strong financial and technical viability. The BFS deals with optimising the…
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