Magnis Resources Ltd Agreement between Huron Campus and the New York Lithium-ion Battery Consortium
Agreement between Huron Campus and the New York Lithium-ion Battery Consortium: Magnis Resources Ltd (ASX: MNS) stock lost 3.9% on May 30, 2017 leading to a total fall of over 11.7% in the last four weeks. The stock seems to be trading on volatility. However, the group updated about a Joint Manufacturing Agreement signed between Huron Campus and the New York Lithium-ion Battery Consortium (including MNS) for a new 15 Gigawatt hour (GWh) Lithium-ion battery manufacturing plant. Meanwhile, the group also said that their current facility and infrastructure would enable them to expedite production of Lithium-ion batteries. Meanwhile, MNS is negotiating offtake deals for Lithium-ion batteries in advance.
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