MNS (ASX) TerraE consortium dissolved

Originally posted by robbo24 ↑

Originally posted by sroyle
New battery consortium formed in Europe in aftermath of TerraE liquidation. Anode, cathode materials from Umicore, cell manufacturing lines at Northvolt & BMW Group’s new battery cell centre of excellence joining forces.

https://www.electrive.com/2018/10/15/bmw-northvolt-umicore-to-create-green-battery/

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BMW Group, Northvolt and Umicore join forces to develop sustainable life cycle loop for batteries.
"A new technology consortium consisting of BMW, Northvolt and Umicore will develop a sustainable value chain for battery cells. The news comes right on the heels of the European Battery Alliance counting their efforts and progress.
The EU Commission is calling for a green battery made in Europe and the three firms follow said objective in their planning. BMW, Northvolt and Umicore say they want to “press ahead with the sustainable industrialisation of battery cells in Europe and the associated acquisition of skills, from cell chemistry and development through to production and ultimately recycling”."
But MNS doesn't have any MOUs with these parties do they??

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That's correct Robbo,

BMW, Umicore & Northvolt have no MOU with Magnis,

Just timely example of competent European trio forming a credible battery consortium. Belgium giant Umicore has years of experience providing quality battery materials and Northvolt cell production underpinned by European Investment bank/Nemaska Lithium offtakes with BMW bringing onboard big auto support.

Magnis does have one remaining German MOU though low expectations given recent comments in annual report on Listrom/TerraE projects: "Plans on both these projects are at an infant stage at present"

News has shown how rapidly TerraE progressed from 'infant stage' to grave, neatly sidestepping the middle production years. Surprised Magnis remain silent on collapse of TerraE as adversely impacts on how Listrom MOU is now viewed. At least for those who thought MNS owned 45% of 'something' in Germany.

No news is not good news.