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NOVONIX LTD - NVNXF STOCK NEWS

Welcome to our dedicated page for NOVONIX news (Ticker: NVNXF), a resource for investors and traders seeking the latest updates and insights on NOVONIX stock.

NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The company manufactures industry-leading battery cell testing equipment, operates a high precision cell test lab, and offers cell testing services and materials development. NOVONIX's Riverside facility aims to be North America's first large-scale production site of high-performance synthetic graphite for batteries, with plans to scale to meet demand. The company has received substantial government funding to support its expansion and localization efforts in the battery supply chain.

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NOVONIX (NASDAQ: NVX, ASX: NVX) and ICoNiChem Widnes have signed a Joint Collaboration Agreement to develop nickel-based cathode active materials (CAM). The project, selected for funding under the 2024 Canada-UK critical minerals call, aims to improve the sustainability of NOVONIX's all-dry, zero-waste technology by incorporating recycled metal feedstock.

NOVONIX Battery Technology Solutions Inc. will receive up to CAD $127,928 in funding from NRC IRAP, while ICoNiChem receives support through Innovate UK. The 2-year project has a total budget of CAD $515,686. NOVONIX will use its patented process to synthesize, test, and analyze CAM incorporating ICoNiChem's recycled cobalt and nickel. The collaboration aims to advance sustainable solutions, reduce cathode processing costs, and strengthen the critical mineral supply chain across North America, the UK, and beyond.

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Voltaiq, a leading battery analytics software provider, and NOVONIX (NASDAQ: NVX, ASX: NVX), a battery materials and technology company, have announced a strategic partnership to enhance efficiency and quality in the battery industry. The collaboration aims to optimize global battery development and production by integrating Voltaiq's advanced analytics platform with NOVONIX's Ultra-High Precision Coulometry (UHPC) equipment and expertise in battery R&D and materials development.

Key aspects of the partnership include:

  • Integration of Voltaiq's analytics into NOVONIX's battery materials development programs
  • Enhanced quality control and defect detection in gigafactories and research labs
  • Improved efficiency in battery development cycles, leading to faster time-to-market

This partnership is expected to drive innovation, improve product quality, and accelerate the development of next-generation battery technologies in an increasingly competitive global market.

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NOVONIX (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, has announced two upcoming events:

1. The release of its Quarterly Activities Report for the quarter ended September 30, 2024, on Wednesday, October 30, 2024. CEO Dr. Chris Burns will provide prepared remarks on the quarter. The webcast and presentation materials will be available at 8:30 am AEDT on October 30, or 5:30 pm EDT on October 29 for U.S. interested parties.

2. Participation in the OTC Small Cap Growth Virtual Investor Conference on October 10, 2024, at 10:00 am EDT (New York).

Webcast links and presentation materials for both events will be available on the NOVONIX investor relations website.

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NOVONIX (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, has announced its participation in the upcoming H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled to take place on September 10th and 11th, 2024 in New York, NY. NOVONIX will make presentation materials available on its investor relations website prior to the event. This announcement was authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.

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NOVONIX (NASDAQ: NVX, ASX: NVX) and CBMM have signed a joint development agreement focused on nickel-based cathode materials. NOVONIX will use its patented all-dry, zero-waste synthesis process to develop cathode active materials (CAM) incorporating CBMM's niobium products, aiming for improved performance at lower costs. The one-year project involves NOVONIX's cathode pilot line and Battery Technology Solutions division for material characterization and full-scale pouch cell evaluation.

NOVONIX recently commissioned its cathode pilot line, producing materials matching leading suppliers' performance. An independent study showed significant cost savings and waste reduction compared to conventional processes. The company was granted a patent for its technology in Japan and has been sampling pilot-scale materials to potential partners.

CBMM has invested $80 million in a niobium oxide refining facility, targeting battery applications. Niobium oxide is expected to improve NMC cathode materials' cycle life and be key in CAM production.

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NOVONIX (NASDAQ: NVX, ASX: NVX) has announced the appointment of Robert Long as its new Chief Financial Officer (CFO), effective September 1, 2024. Long brings over 25 years of finance and executive leadership experience to the role. Current CFO Nick Liveris will transition to the company's Board of Directors on the same date.

To ensure a smooth transition, Ron Edmonds, a NOVONIX board member and former Chief Accounting Officer at Dow Chemical, will serve as interim Executive Officer – Finance from August 1, 2024. This strategic leadership change aims to support NOVONIX's continued growth in the battery materials and technology sector.

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NOVONIX (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, has announced the release of its second quarter 2024 Quarterly Activities Report on July 15, 2024. The company's CEO, Dr. Chris Burns, will provide prepared remarks on the quarterly activities for the period ended June 30, 2024.

A webcast and presentation will be available for interested parties, with different timing for Australian and U.S. audiences. The materials will be accessible on the NOVONIX investor relations website at 8:30 am AEST on July 15, 2024, or 6:30 pm EDT on July 14, 2024 for U.S. viewers. This announcement has been authorized by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.

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NOVONIX (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, announced it has been granted a patent in Japan for its proprietary all-dry, zero-waste cathode synthesis technology (Patent JP7504195). This innovation enhances NOVONIX's ability to produce high-quality single-crystal NMC powders, serving the electric vehicle and energy storage sectors. The company has ten patent families in various stages of examination globally.

CEO Dr. Chris Burns highlighted the process's economic and environmental benefits. A 2023 engineering study by Hatch indicated the process could cut power consumption by 25%, nearly eliminate waste, reduce processing costs by 50%, and lower capital costs by 30%. NOVONIX continues to sample various grades of cathode materials for commercialization partners.

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NOVONIX (NASDAQ: NVX, ASX: NVX), a leader in battery materials and technology, has welcomed the U.S. Trade Representative's decision to reinstate 25% tariffs on artificial graphite and natural graphite powder imported from China, effective June 15, 2024. The USTR had earlier announced a similar tariff on natural flake graphite to be increased by 2026. The company believes this move will help level the playing field for U.S. battery-grade graphite producers and localize production. NOVONIX aims to establish North America's first large-scale battery-grade artificial graphite facility at their Riverside operations.

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NOVONIX (NASDAQ: NVX, ASX: NVX), a battery materials and technology company, announced the completion of an independent assessment of its Riverside facility in Chattanooga, Tennessee by Hatch The assessment reviewed operations, project execution, financial models, and environmental considerations. NOVONIX remains on schedule to achieve 3,000 tonnes per annum (tpa) of commercial production capacity at Riverside by the end of 2024, with all primary production equipment in place or ordered.

CEO Dr. Chris Burns emphasized the confidence gained from the review, highlighting NOVONIX's progress in localizing lower-emissions synthetic graphite supply in North America. The company has updated its production economics estimates, aiming for 20,000 tpa capacity at Riverside. They project operating margins of 23-30%, with operating costs of US$6-8/kg and selling prices of US$7-10/kg, supported by a US$100 million DOE MESC grant and a US$103 million tax credit.

The company is also considering the Section 45X Advanced Manufacturing Tax Credit program. These efforts position NOVONIX as a leader in sustainable battery materials manufacturing.

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FAQ

What is the current stock price of NOVONIX (NVNXF)?

The current stock price of NOVONIX (NVNXF) is $0.55 as of October 15, 2024.

What is the market cap of NOVONIX (NVNXF)?

The market cap of NOVONIX (NVNXF) is approximately 265.8M.

What does NOVONIX specialize in?

NOVONIX specializes in battery technology, high-performance materials, and efficient production methods for the lithium-ion battery industry.

What services does NOVONIX offer?

NOVONIX offers cell testing services, operates a high precision cell test lab, and provides materials development services.

Where is NOVONIX's Riverside facility located?

NOVONIX's Riverside facility is located in North America and aims to become the region's first large-scale production site of high-performance synthetic graphite for batteries.

What government funding has NOVONIX received?

NOVONIX has received substantial government funding, including a US$100 million grant from the U.S. Department of Energy and US$103 million in Qualifying Advanced Energy tax credits, to support its expansion and localization efforts in the battery supply chain.

What is NOVONIX's focus in the battery industry?

NOVONIX aims to revolutionize the lithium-ion battery industry through innovative technologies, sustainable practices, and efficient production methods.

Who leads NOVONIX?

Dr. Chris Burns is the CEO of NOVONIX, overseeing the company's advancements in battery technology, materials development, and production processes.

What is NOVONIX's significance in the battery supply chain?

NOVONIX holds a prominent position in the electric vehicle and energy storage systems battery industry, driving innovation and sustainability in battery materials manufacturing.

How does NOVONIX contribute to the development of sustainable technologies?

NOVONIX's high precision testing equipment, materials development services, and synthetic graphite production support the development and adoption of sustainable battery technologies.

What sets NOVONIX apart in the battery industry?

NOVONIX's expertise in battery testing, materials development, and high precision chargers positions the company as a leader in the lithium-ion battery industry.

What are NOVONIX's future plans?

NOVONIX plans to expand its production capacity, strengthen its localization efforts in the battery supply chain, and continue driving innovation and sustainability in battery materials manufacturing.

NOVONIX LTD

Nasdaq:NVNXF

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