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Magnis Battles Imperium3 Bankruptcy Amid ASX Suspension and Board Shake-Up

6:03pm on Sunday 1st of June, 2025 AEST Energy
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Magnis Battles Imperium3 Bankruptcy Amid ASX Suspension and Board Shake-Up

6:03pm on Sunday 1st of June, 2025 AEST
Key Points
  • Imperium3 files for Chapter 11 bankruptcy; Magnis seeks to regain control
  • Nachu Graphite Project development discussions continue positively
  • ASX suspension extended due to compliance concerns
  • Secured debt increased to $7.26 million with extended maturity
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