Magnis Resources Limited (ASX:MNS) has provided an update on its partnership with German company WiN Emscher-Lippe for a lithium-ion battery plant development.
Representatives at the 1 December 2017 Meeting. From left to right – Dr. Stephan Spruck, Bernd Groß, Dr. Walter Thünker, Dr. Jörg Fabri, Peter Haumann, Michael Karutz, Dr. Ulrich Bez, Peter Schnepper, Peter Karst.
The two companies signed a Memorandum of Understanding in October for the construction of a 30GWh lithium-ion battery plant based in North Rhine Westfalia.
A subsequent meeting on December 1 between all working parties which included service providers and potential investors agreed to progress to the next phase with key objectives and criteria set out.
Magnis will have an ownership and will provide anode materials and technology for the battery plant.
Emscher – Lippe is now preparing a preliminary study on the so-called “k.o. criteria” in order to minimise later risks in the project.