Core Viewpoint - NOVONIX Limited supports the ITC's preliminary determination that China has suppressed the U.S. graphite industry by exporting graphite at artificially low prices, which threatens fair competition and U.S. energy security [1][2]. Industry Impact - The ITC's ruling is seen as a significant step towards creating a fair competitive environment for U.S. critical minerals producers, potentially leading to import tariffs on unfairly priced Chinese graphite [2][3]. - China currently holds over 95% market share for battery-grade graphite, highlighting the dominance of Chinese producers in this sector [3]. Company Developments - NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to become the first large-scale production site for high-performance synthetic graphite in North America, with commercial production expected to start in early 2026 and a target output of 20,000 tonnes per annum [4]. - The company is part of the American Active Anode Material Producers (AAAMP), which filed the case with the ITC, representing a coalition of North American graphite producers [5]. Technological Advancements - NOVONIX is recognized for its innovative and sustainable technologies in the lithium-ion battery industry, including a patented all-dry, zero-waste cathode synthesis process [6].

Core Points - NOVONIX Limited announced the transition of its Chief Executive Officer, with Dr. Chris Burns stepping down effective January 24, 2025, and will continue in an advisory role as Special Advisor to the Board [1][2] - The Board has initiated a search for a new CEO with experience in manufacturing and operations to lead the company’s growth in synthetic graphite production [2][3] - Mr. Robert Long, the current Chief Financial Officer, has been appointed as interim CEO effective January 24, 2025, to ensure a smooth transition [3][4] Company Overview - NOVONIX is a leading battery technology company focused on revolutionizing the lithium-ion battery industry through innovative and sustainable technologies, high-performance materials, and efficient production methods [5] - The company is expanding its synthetic graphite material manufacturing operations and has developed a patented all-dry, zero-waste cathode synthesis process [5] - NOVONIX has established a strong position in the electric vehicle and energy storage systems battery industry, contributing to a cleaner energy future [5]

联盟声称，2024年前9个月，中国输美活性阳极材料金额超2.6亿美元，占据美国进口市场份额 超60%，并认定中国进口产品存在828.14% - 920.95%的倾销幅度。 1月7日，应美国负极材料生产商联盟（AAAMP）于2024年12月18日提交的申请，美国商务部 对进口自中国的活性阳极材料(Active Anode Material)发起反倾销和反补贴调查。 本案主要涉及美国海关编码2504.10.5000和3801.10.5000项下产品。美国双反调查所涉及的"活 性负极材料"涵盖了天然石墨、人造石墨、任何含石墨的化合物或混合物。 美国国际贸易委员会(ITC)预计将最晚于2025年2月3日作出反倾销和反补贴产业损害初裁。若 美国国际贸易委员会裁定涉案产品的进口对美国国内产业构成了实质性损害或实质性损害威 胁，美国商务部将继续对本案进行调查并预计于2025年3月13日作出反补贴初裁，2025年5月27 日作出反倾销初裁。 该联盟要求对中国进口的锂离子电池负极石墨产品征收高达920%的关税。 理由是中国通过大 规模补贴进行低价倾销，导致石墨产能过剩，价格紊乱，并对美国本土生产商造成了冲击。尽 管当前已存在2 ...

Licensing Agreement and Technology Rights - NOVONIX has entered into a licensing agreement with Harper International Corporation for the exclusive rights to use its continuous, induction-based graphitization furnace technology [2] - The agreement grants NOVONIX the exclusive license to further develop the technology for thermal production of graphite material used in the battery anode market [1] - NOVONIX must make an initial payment within 12 months of the agreement's effective date to secure the exclusive license [1] - Upon meeting performance objectives and paying additional licensing fees, NOVONIX gains the right to build equipment using the licensed technology, either internally or through approved sublicensees [1][4] - The license is exclusive for up to seven years in the field of thermal production of synthetic graphite for battery anodes, with certain limited exceptions [4] - After seven years, NOVONIX will retain a perpetual, non-exclusive license to the technology for its own use or through approved sublicensees [4] Production and Expansion Plans - NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to become the first large-scale production site for high-performance synthetic graphite in North America [3] - The facility is expected to begin commercial production later this year, with plans to increase output to 20,000 tonnes per annum to meet customer commitments [3] - The company has secured significant funding for its production facilities, including a US$100 million grant from the U S Department of Energy (DOE) and a US$103 million investment tax credit [3] - NOVONIX has also received a conditional commitment for a US$754 8 million direct loan from the DOE Loan Programs Office to partially finance a new production facility, NOVONIX Enterprise South, also in Chattanooga [3] Strategic Partnerships and Industry Position - NOVONIX and Harper have a long-standing strategic partnership, with a history of collaboration on innovative graphitization furnace technology for the lithium-ion battery sector [9] - The company is a leading battery technology company, focusing on sustainable technologies, high-performance materials, and efficient production methods for the global lithium-ion battery industry [4][5] - NOVONIX has developed a patented all-dry, zero-waste cathode synthesis process and manufactures industry-leading battery cell testing equipment [4][5] - Through advanced R&D, proprietary technology, and strategic partnerships, NOVONIX has established a prominent position in the electric vehicle and energy storage systems battery industry [5]

Core Viewpoint - NOVONIX Limited is expanding its operations by entering a purchase and sale agreement for land in Chattanooga, Tennessee, to establish its second mass production plant, NOVONIX Enterprise South, which is expected to enhance its production capacity significantly [1][2]. Company Expansion - The new facility, located in the Enterprise South Industrial Park, aims to achieve a production capacity of 31,500 tonnes per annum (tpa) by the end of 2028, creating 500 full-time jobs [2]. - With the addition of the Enterprise South facility, NOVONIX's total production capacity is projected to exceed 50,000 tpa by 2028, complementing its existing 20,000 tpa facility at Riverside in Chattanooga [2]. Partnerships and Agreements - NOVONIX has secured binding offtake agreements to supply synthetic graphite to major companies including Panasonic Energy, Stellantis, and PowerCo, indicating strong demand for its products [2]. - The company has received a conditional commitment from the U.S. Department of Energy for a direct loan of up to US$754.8 million to partially finance the Enterprise South facility, under the DOE's Advanced Technology Vehicle Manufacturing program [3]. Financial Support and Grants - NOVONIX's Riverside facility has been awarded a US$100 million grant from the U.S. Department of Energy and has also been selected for a US$103 million investment tax credit to support its funding [4].

Core Viewpoint - NOVONIX Limited is participating in a petition to investigate China's unfair pricing practices in exporting graphite used for lithium-ion battery anodes, which is harming the North American graphite industry [1][2][3]. Group 1: Industry Context - The petition filed by the American Active Anode Material Producers (AAAMP) claims that China is exporting battery-grade graphite at artificially low prices, with estimated dumping margins as high as 920% [2]. - China currently holds over 95% market share for battery-grade graphite, which poses a significant challenge for North American producers [2]. Group 2: Company Initiatives - NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to become the first large-scale production site for high-performance synthetic graphite in North America, with plans to produce 20,000 tonnes per annum starting in 2025 [3]. - The company has received a US$100 million grant from the U.S. Department of Energy and a US$103 million investment tax credit to support the Riverside facility [3]. - NOVONIX has also secured a conditional commitment for a direct loan of up to US$754.8 million from the DOE Loan Programs Office for financing a new production facility in Chattanooga [3]. Group 3: Organizational Collaboration - The AAAMP, which includes NOVONIX and other graphite anode material producers, aims to encourage the U.S. Federal government to implement supportive policies for the domestic graphite industry [4].

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 ...