Magnis increases New York participation

Graphite and lithium-ion battery hopeful Magnis Energy Technologies has increased its shareholding in the iM3 New York battery plant from 50.86% to 53.39%. The ASX-listed company has inked a deal with Boston Opportunities No1 to acquire its entire shareholding in the iM3 plant for $350 000, with funds to be paid by the end of June this year.