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Magnis Secures $10M Nachu Financing as IM3NY Bankruptcy Clouds Returns
4:27am on Monday 2nd of June, 2025 AEST
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Mining
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Magnis Secures $10M Nachu Financing as IM3NY Bankruptcy Clouds Returns
4:27am on Monday 2nd of June, 2025 AEST
Key Points
Financing commitment secured from Global Corporate Finance for Nachu Project
Memorandum of Understanding signed with Auxin Holdings for mining services in Tanzania
IM3NY assets sold under Chapter 11 bankruptcy, with uncertain return for Magnis
Secured debt facility increased and extended to May 2026
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MAGNIS ENERGY TECHNOLOGIES (ASX:MNS)
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