MNS 0.00% 4.2¢ magnis energy technologies ltd

• Binding agreement with off-take partner China National...

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    • Binding agreement with off-take partner China National Nonmetallic Minerals Industrial Limited Corporation (SINOMA) covers the engineering, procurement, construction and financing (EPC+F) of a 200,000 tpa plant for the Nachu Graphite Project
    • US$150M (A$196M) financing at commercially competitive rates
    • Debt to equity ratio of 90:10 • SINOMA is a China based vertically integrated graphite conglomerate with experience spanning over three decades

 
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