XASX
RYZ
Market cap37mUSD
Dec 05, Last price
0.04AUD
Name
Magnis Energy Technologies Ltd
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Profile
Headquartered in Sydney, Australia, and established in 2005, Magnis Energy Technologies Limited is engaged in the exploration and development of mineral properties. The company operates across the United States, Australia, and Tanzania, with a core focus on discovering and developing natural flake graphite, an essential component for electrical energy storage batteries. It wholly owns the Nachu graphite project, located in southeastern Tanzania. Furthermore, Magnis Energy Technologies makes investments in lithium-ion battery technologies. The company officially adopted its current name in November 2018, having previously been known as Magnis Resources Limited.
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