Requested removal of my previous post. Thought we were still talking about graphite concentrate off-takes lol. We've moved on the cell off-takes now it seems
You are laughing at 1.2GWhr of lithium ion cell sales per year? I personally think its an amazing achievement for Magnis and a great starting point to expand sales further.
This 1+GWhr of production and sales will commence in Q2 next year with the majority of cell manufacturing equipment already purchased, factory location secured and government grants approved
I think finance will be much easier now that the majority of the Tanzanian operations falls under MTT which is covered by the 3 SEZ and EPZ licenses. Much less risk for financial institutions imo as international arbitration is allowed and no restriction on retaining earnings outside of Tanzania.
Good luck getting finance when your entire Tanzanian operation falls under the new legislation (all other graphite juniors in Tanzania currently)
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