MNS 0.00% 4.2¢ magnis energy technologies ltd

What do you mean funding isn't happening? They just raised...

  1. 2,013 Posts.
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    What do you mean funding isn't happening? They just raised US$25M which is the majority on funds needed to get the plant re-assembled and long lead time items ordered.

    The only funding piece outstanding is any debt facility / equity stake in IM3NY for the remainder.

    A big chunk of the funds required are actually raw materials to make the cells themselves. This won't need to be purchased for a quite a while until they get closer to equipment re-assembly being completed.
 
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