Magnis aims to become a leading global producer of next-generation green credentialed Lithium-Ion Battery (LIB) cells, enabling the future energy requirements of the world, the global storage of renewable energy and electrification of transportation.
Leveraging off a world class graphite asset in Tanzania, associated production IP and a strategy partnership with US based Charge CCV, Magnis will manage an end to end supply chain, sourcing the raw materials and associated technologies for these cells.
Magnis has three core areas of focus which provide the Company with a strategic advantage; battery technologies, gigafactories and graphite.
Magnis has a strategic partnership and 10% interest in Charge CCCV LLC (“C4V”), a US-based intellectual property company with specialist expertise and patented discoveries in lithium-ion battery (LIB) composition and manufacture.
C4V Co-Founder, Dr Shailesh Upreti, has been awarded numerous patents for composition of matter inventions, and C4V is located within Binghamton University where Magnis Non-Executive Director and inventor of LIBs, Professor Stanley Whittingham, forms part of a leading centre of excellence for lithium-ion battery development. The partnership provides Magnis with access to the world class $100m+ development facilities, with capabilities for materials engineering, cell fabrication & cell testing.
Magnis and C4V are working together in co-developing intellectual properties and expertise to be applied to projects with the aim of driving shareholder value. C4V brings extensive experience and patented intellectual property in advanced lithium-ion materials, that have been recognised for resolving major constraints in battery performance. C4V is an equity holder in various manufacturing projects with Magnis and plays an important role in the Company’s business development within the sector.
For more information on Magnis’ battery technologies and partnerships please click here.
Magnis has ownership in lithium-ion battery cell gigafactories that are currently being primed for development in New York and Townsville (Australia).
1. Australia / Townsville for 18GWh
2. USA / New York for 15GWh
For more information on Magnis’ New York gigafactory, please click here.
For more information on the Townsville gigafactory please click here.
Magnis with its partners, has also developed the next generation LIB technology for both anode & cathode. The high performance cathode does not contain either COBALT or NICKEL, which results in significant cost reductions without sacrificing voltage, capacity or cell energy.
Magnis will manage an end to end raw materials supply chain, sourcing the raw materials and associated technologies for the battery cells, which will be produced at the planned gigafactories. With its partners, Magnis will also assist with general project development and management of the gigafactores.
The Company will contract directly with the supply chain vendors allowing consolidation of volumes across the multiple Gigafactories, which will drive further commercial advantage into the underlying manufacturing cost base, with the Company’s global procurement strategy.
Magnis also holds a world class graphite deposit in Tanzania known as the Nachu Graphite Project, with high distribution towards natural flake graphite in the Super Jumbo, Jumbo and Large flake categories, which can be used in battery anodes. The world supply of such categories of graphite is very low making the Nachu project highly valuable.
On 1 February 2016, Magnis announced an updated Mineral Resource Estimate for the Nachu Graphite Project for 174 Million Tonnes (Mt) at an estimated grade of 5.4% Graphitic Carbon (Cg), which was reported in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012).
The Nachu Project represents one of the largest Mineral Resources of large flake graphite in the world and Block F Mineral Resource (59.5 Mt in the Measured and 39.3Mt in the Indicated Resource category) is the primary orebody assessed in the BFS for initial production. The BFS was released to the ASX on 31 March 2016.
Magnis has produced a 99.99% purity coated spherical graphite anode product from Nachu graphite using existing commercial scale technology and facilities in North America. The production of this anode product did not require any chemical purification phase with acid treatment (HCl/HF) and the anode product also delivered outstanding battery cell test results, with favourable performance across key criteria relative to leading Chinese natural and synthetic graphite anodes.
For more information on the Nachu Graphite project, please click here