Core Viewpoint - NOVONIX Limited has received a conditional commitment from the U.S. Department of Energy for a direct loan of up to US$754.8 million to finance a new facility in Chattanooga, Tennessee, aimed at manufacturing synthetic graphite for electric vehicle batteries [1][2]. Company Overview - NOVONIX is a leading battery materials and technology company focused on revolutionizing the lithium-ion battery industry with innovative and sustainable technologies [12]. Loan Details - The loan consists of US$692 million in principal and US$62.8 million in capitalized interest, structured in two tranches based on the phased completion of the facility [6][9]. - The first tranche will support the infrastructure and initial production capacity of 21,000 tonnes per annum (tpa), while the second tranche will support an additional 10,500 tpa [7]. Production Capacity and Job Creation - The new facility is expected to produce approximately 31,500 tpa of synthetic graphite, supporting the production of lithium-ion batteries for around 325,000 electric vehicles annually [2]. - The facility is anticipated to create 450 full-time operational jobs and 500 construction jobs [2]. Strategic Importance - The establishment of this facility is critical for localizing the supply chain of battery-grade graphite, as China currently holds over 95% of the market share [2][3]. - NOVONIX has signed binding offtake agreements with major partners such as Panasonic Energy, Stellantis, and PowerCo, reinforcing its position in the North American synthetic graphite supply chain [3]. Future Expansion Plans - The company aims to expand the production capacity of the Chattanooga facility to a target of 75,000 tpa, contingent on customer demand and additional financing [3]. Environmental and Regulatory Considerations - The loan is subject to an environmental review and the fulfillment of various technical, commercial, legal, and financial conditions before final approval [10].

Financial Data and Key Metrics Changes - The company reported a cash balance of over $37 million at the end of the quarter [16] - The company received $9 million in reimbursements under a government grant through September 30, 2024 [11] Business Line Data and Key Metrics Changes - The Riverside facility is expected to produce up to 20,000 tons per year of synthetic graphite at full production [7] - The initial production line of 3,000 tons per year is set to be operational in the first half of next year [10][25] - The pilot capacity for cathode materials has been demonstrated at 10 tons per year [8][26] Market Data and Key Metrics Changes - The company has binding offtake agreements with Panasonic Energy and KORE Power for synthetic graphite, with Panasonic committing to 10,000 tons over four years starting next year [20] - LG Energy Solutions has signed a joint development agreement that could lead to an offtake agreement for 50,000 tons over ten years [20] Company Strategy and Development Direction - The company aims to localize battery material production in North America, focusing on high-performance materials and cleaner production processes [17][18] - Future growth plans include building a Greenfield facility with an initial capacity of 30,000 tons [22] - The company is pursuing strategic partnerships and collaborations to enhance its technology and market position [28][30] Management's Comments on Operating Environment and Future Outlook - Management highlighted strong government support, including $100 million from the U.S. Department of Energy and potential financing for future sites [3][12] - The company is focused on scaling production and securing Tier 1 customer demand for its materials [33] Other Important Information - The company appointed Robert Long as the new Chief Financial Officer [16] - A patent was granted for graphite silicon alloy composite materials in Europe [15] Q&A Session Summary Question: What are the key milestones for Riverside? - The startup of the 3,000-ton production line in the first half of next year is critical for qualification programs and deliveries to Panasonic in late 2025 [35] Question: How does the company plan to secure financing for future growth? - The company will continue to attract strategic investments and work with the Loan Program Office for potential support of the Greenfield facility [36]

October 30, 2024 Third Quarter Activities Report Update NOVONIXI. Important Notice and Disclaimers | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

BRISBANE, Australia, Sept. 09, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) ("NOVONIX"), a leading battery materials and technology company, today announced that the company is scheduled to participate in the following upcoming investor event in September 2024: H.C. Wainwright 26th Annual Global Investment Conference to be held in New York, NY on September 10th and 11th Presentation materials will be available prior to the event at the NOVONIX investor relations website. This announcemen ...

NOVONIX EXHIBIT 99.1 NOVONIXE. Half-Year Report For the six months ended June 30, 2024 NOVONIX Providing revolutionary solutions to the battery industry NOVONIX LIMITED ABN 54 157 690 830 HALF-YEAR FINANCIAL REPORT FOR THE PERIOD ENDED JUNE 30, 2024 NOVONIX CORPORATE DIRECTORY | --- | --- | |--------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

BRISBANE, Australia, Aug. 01, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, is pleased to announce that Robert Long will be appointed as the Company's Chief Financial Officer (CFO) effective September 1, 2024. Mr. Long brings over 25 years of experience in finance and executive leadership with both public and private companies. The Company previously announced that CFO Nick Liveris will transition to the Company's Board of Directors upo ...

BRISBANE, Australia, Aug. 01, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, is pleased to announce that Robert Long will be appointed as the Company's Chief Financial Officer (CFO) effective September 1, 2024. Mr. Long brings over 25 years of experience in finance and executive leadership with both public and private companies. The Company previously announced that CFO Nick Liveris will transition to the Company's Board of Directors upo ...

BRISBANE, Australia, July 15, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) ("NOVONIX" or "the Company"), a leading battery materials and technology company, today announced that it released its second quarter 2024 Quarterly Activities Report today, Monday, July 15, 2024. Dr. Chris Burns, CEO of NOVONIX, will also provide prepared remarks of the quarterly activities for the quarter ended June 30, 2024. This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert J ...

The webcast link and presentation materials are available at 8:30 am AEST or Sunday, July 14, 2024 at 6:30 pm EDT for interested parties in the United States. The webcast and presentation will be available on the NOVONIX investor relations website. About NOVONIX This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret. NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologi ...

BRISBANE, Australia, June 27, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) ("NOVONIX" or "the Company"), a leading battery materials and technology company, today announced it has been granted a patent for its proprietary all-dry, zero-waste cathode synthesis technology in Japan. This patent (Patent JP7504195) furthers NOVONIX's position as a leading provider of innovative technologies serving the electric vehicle and energy storage sectors by utilizing its all-dry, zero-waste cathode pr ...