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ASX / MEDIA RELEASE MAGNIS ENERGY TECHNOLOGIES FOR RELEASE : 28 OCTOBER 2021 Quarterly Activities Report to 30 September 2021 Key Highlights Magnis subsidiary Imperium3 New York Inc. [ iM3NY ] Gigawatt scale Lithium - ion Battery Plant as of end of September is 33 % complete and has completed several milestones as it moves closer towards semi - automated production There has been renewed interest in our Nachu Graphite Project with a North American Group progressing offtake discussions . The company is also in discussions with other Asian and North American groups Magnis secured funding of A $ 20 million from two US based institutions The Lind Partners and SBC Global Investment Fund to assist the company with its aggressive growth plans in the Lithium - ion battery manufacturing industry Magnis ' corporate social responsibility programs have been in place in Tanzania for over 10 years . The company continues to engage in community support programs to help develop local infrastructure and support the local community An application has been lodged by the company to OTC Markets group to list on a higher tiered market for North American trading . This will enable greater access and increase visibility for investors in the US to invest in Magnis shares Magnis ' US Lithium - ion Battery Manufacturing and Technology partners iM3NY and C4V announced further binding offtakes which include an agreement with Anglian Omega subsidiary Omega Seiki , producer of Electric Three - Wheelers in India as well as a US Government supplier During the quarter , Magnis announced two new hires to its management team to help bolster the firm's operations from technical expertise in Li - ion battery manufacturing and technology to corporate development and investor relations capabilities ENABLING FUTURE ENERGY Page 1 of 7