Magnis Resources Ltd

Positive Update: Magnis Resources’ stock witnessed an uplift of 11.392% on March 5, 2018 as the group announced about signing a deal with Siemens AG to collaborate with the company and Charge CCCV (C4V) to enhance its lithium-ion manufacturing technology via synchronous approach of digitization and automation. This collaboration would be extended to all Imperium3 projects, starting with New York. Under the agreement, Siemens AG will identify resources at their expenses to develop a clearly defined functional specification for the use of Siemens industry software and automation solutions, and to provide the benefit of technology standards to help build next generation manufacturing plants.

Apart from the above update, the company has completed NY Battery plant acquisition and increased ownership to 41% in Imperium3 New York. Production is expected to begin in first half of 2019. Further, group’s cathode technology is expected to be useful given the battery electric vehicles industry requirement. Recently, Volkswagen announced that they now target 25% of vehicle production to be BEV by 2025. For that, Volkswagen needs over of 200+ GWh of lithium-ion battery cell production to meet its demand. Additionally, MNS estimated that if the remaining vehicle OEM’s targeted 25% BEV’s by 2025 then the requirement would be for 1500 GWh of battery cell production.

We maintain our “Hold” recommendation on MNS at the current market price of $0.44


Battery Plant and Nachu Graphite Timeframe (Source: Company Reports)

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