As announced on 5 June 2018, Magnis signed agreements to fast track the Townsville Battery plant, of which Magnis has 33.3% ownership alongside other investors in the Imperium3 consortium, including C4V LLC New York and Boston Energy and Innovation (BEI).
Highlights
• Magnis has 33.3% ownership in iM3TSV
• 18 GWh Lithium-ion Battery Plant to be located in Townsville, Australia
• Strong state and local government support
• Feasibility Study completed Sep 2019 – 18Gwh LIB plant indicates viable business case
• Next phase underway including planning & development approval, pilot manufacturing and verification
• Funding campaign commenced, with NAB engaged as financial advisor
• Government approvals for the $3.1 million grant supporting the feasibility study
• Proposed Plant to be developed in 3 stages – each 6Gwh reducing initial project capital and execution risk
• Site contains all major infrastructure including rail, power and close access to Port of Townsville
• Magnis will be providing anode materials and technologies using high-quality graphite