Magnis Energy Technologies Receives final permit for lithium-ion battery plant
- Magnis Energy Technologies (MNS) has announced the final permit for its New York lithium-ion battery plant has been approved
- The approval, labelled aquifer permit, was approved by the Village of Endicott
- The project now has the aquifer permit, air permit and the environmental justice plan, allowing the plant for near term production
- The plant is fully funded to generate over one gigawatt-hour of high-grade lithium-ion battery cells per year, with production expected in early 2022
- On the market this afternoon, Magnis is up 5.33 per cent and is trading at 39.5 cents per share
