lithium ion battery

Magnis Energy Technologies has appointed of Non-Executive Director, Marc Vogts, as MD. Vogts is to oversee the major growth the company expects.

The appointment will be effective from 15 November 2018.

Vogts, a project executive, has an experienced and illustrious career spanning over four decades with an extensive track record in running multi-billion-dollar projects.

He was previously Project Director at the QMM Project in Madagascar for Rio Tinto, Vice President for Project Management at BHP Billiton and Vice President for all Uranium Projects including Olympic Dam at BHP Billiton.

Many of the complex projects that Vogts has led include significant research and development scopes and the successful commercialisation of these ventures.

Vogts was the founding CEO and is currently the Executive Director of Energy and Resources at the John Grill Centre for Project Leadership at the University of Sydney, a world leading project leadership executive education for value creation and realisation in large-scale projects.

“Magnis is entering into an extensive growth phase and it’s great to have Marc as MD,” says Magnis Chairman, Frank Poullas.

“His experience in running complex projects with thousands of employees in some of the most difficult jurisdictions, for some of the largest companies, will be critical and of significant importance to Magnis moving forward.”

“The name change to Magnis Energy Technologies better reflects Magnis’ business activities and the great progress being made on our projects. As a company, I believe we should be very excited for the future as we work towards becoming one of the largest players in the lithium-ion battery sector.”

“There is something really special building at Magnis, and we can play a major role in making a difference in the world,” states Vogts.

“I believe I can leverage off my project experience, to set up New York and Townsville for success and to provide input into the investment decisions around Nachu.

I’m very excited to be taking on a more active role in the company.”

Name change and logo

The change of the company’s name was recently approved by shareholders at the AGM to reflect the operations and value that Magnis is creating now and in the future. While Magnis is focused on bringing the Nachu project into development, it is vertically integrated in the production of lithium-ion batteries and not just a mining company.

After consulting with stakeholders, a new logo has been selected to reflect the name change and business activities going forward.

Battery plants and financing

Recent discussions with governments for potentially new battery plants have progressed, with agreements expected in the coming quarter. Any future battery plants are expected to come with some initial funding.

Talks with three groups is in progress for the financing of the Nachu Graphite Project in Tanzania and are expected to continue over the coming months with all parties going through due diligence on the project.