Aquifer Permit Approved for NY Lithium-ion Battery Plant
Aquifer Permit Approved for NY Lithium-ion Battery Plant
Sydney, Oct 22, 2021 AEST (ABN Newswire) - Magnis Energy Technologies Limited (ASX:MNS) (FRA:U1P) (OTCMKTS:URNXF) is pleased to announce iM3NY has received the approval for the Aquifer Permit, the last approval required for near term production at the iM3NY Battery Plant based in Endicott, New York. Magnis is the major shareholder of the project.

The Aquifer Permit was officially approved by the Village of Endicott. The approval of the Aquifer Permit combined with the recently granted Air Permit and The Environmental Justice Plan are all the permits required by iM3NY for near term production.

iM3NY CEO Chaitanya Sharma commented: "The is very important day for iM3NY, it is a huge milestone after many months of hard work."

"We now have all permits in place for near term production. Semi-Automated production is on track for this quarter and we are putting in long hours to achieve this major milestone."

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About Magnis Energy Technologies Limited

Magnis Energy TechnologiesMagnis Energy Technologies Limited (ASX:MNS) (OTCMKTS:URNXF) (FRA:U1P)  is involved in and has strategic investments in several aspects of the electrification supply chain including manufacturing of green credentialed lithium-ion battery cells, leading edge battery technology and high quality, high performance anode materials. The company's vision is to enable, support and accelerate the green energy transition critical for the adoption of Electric Mobility and Renewable Energy Storage.



Frank Poullas
Executive Chairman
Ph: +61 2 8397 9888

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