Ann: US$52M Term Sheet Signed for New York Battery Plant, page-58

"Our unique materials technology reduces the cost of batteries significantly... Our high power and energy density batteries do not employ the use of cobalt, instead use higher voltage composite material in combination with other abundant raw materials and thus greatly reduce costs, while relying on a less volatile supply chain."

I agree thats a lovely statement from a professor in a university lab. Does it translate to the real life at an industrial scale well I guess we'll see.

If the funding does come through no-one will deny it's positive however the market is right to be a little cautious given Magnis history of announcing deal and then conveniently forgetting about them.

I'm not wishing negatives upon any holder however as a stock watcher (with nothing to gain or lose) the story still doesn't add up for me yet.