Magnis Energy Technologies Limited (ASX:MNS) Quarterly Report

Magnis Energy Technologies Ltd (ASX:MNS) (FRA:U1P) (OTCMKTS:MNSEF) is pleased to present its Quarterly Activities Report and overview of operations for the period ended 30 th June 2022 ("Quarter", "Reporting Period").

Key Highlights

- Magnis' Lithium-ion battery manufacturing facility, Imperium3 New York Inc ("iM3NY") was 84% complete at end of June and at the final stage before fully automated production can commence

- During the quarter, iM3NY closed an Intellectual Property-based Financing in collaboration with Atlas Credit Partners and Aon for US$100 million

- After a 6-month global search managed by executive search firm Korn Ferry, the company announced the appointment of Mr. David Taylor as Chief Executive Officer
- Tanzanian Prime Minister and Ruangwa MP, Hon. Kassimu Majaliwa visited the Nachu Graphite Project

- Construction of the 59 houses in the Eco-village as part of the Resettlement Action Program continues to progress

- As an essential requirement for project financing of the Nachu Graphite Project, Magnis has appointed IBIS Consulting, a premier emerging market sustainability consultancy to prepare a detailed Environmental and Social Due-Diligence report

- Magnis' Corporate Social Responsibility programs continue to provide much needed infrastructure for the local community

- Magnis was the major sponsor of the International Meeting of Lithium Batteries (IMLB) 2022 conference that was recently held in Sydney

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/2VFYB8QR

Frank Poullas
Executive Chairman
Ph: +61 2 8397 9888
www.magnis.com.au