MNS 0.00% 4.2¢ magnis energy technologies ltd

Read the announcement. The key change under the amended...

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    Read the announcement.

    The key change under the amended agreement is that MTT will now purchase graphite ore directly from Uranex, which is the holder of the Special Mining License (SML) for Nachu. This differs from the previous arrangement whereby, it was agreed that MTT would buy graphite concentrate from Uranex. The sale price of graphite ore from Nachu, as per the proposal to the GOT, will be based on an agreed formula for the value of the ore at the gate with consideration to international benchmark pricing to ensure transparency.
 
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