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Magnis Signs Offtake Agreement for North American Anode Active Material Production • Offtake Agreement signed for the supply of Anode Active Materials (AAM) • Magnis to supply a minimum of 17,500 tonnes per annum (tpa) of AAM beginning in February 2025 for a minimum term of 3 years at a fixed price • The agreement contains a customer option to increase up to 35,000tpa • Magnis to commence large scale pilot plant development for both AAM and Nachu graphite concentrate immediately