NOVONIX LTD - NVNXF STOCK NEWS

NOVONIX Limited has appointed Jean Oelwang, President and Founding CEO of Virgin Unite, to its Board of Directors, enhancing its leadership team. Oelwang brings 30 years of experience in telecommunications and social entrepreneurship, emphasizing sustainability and corporate responsibility. Her involvement aims to drive NOVONIX's growth in the battery materials sector, specifically in developing a US battery supply chain for electrification. The company is on track to boost synthetic graphite production to meet the surging demand for lithium-ion batteries.

NOVONIX Limited (ASX: NVX, NASDAQ: NVX, OTCQX: NVNXF) has announced that its American Depositary Receipts (ADRs) will begin trading on Nasdaq today. The U.S. Securities and Exchange Commission has declared its registration statements effective. Each ADR represents four fully paid shares of NOVONIX and aims to broaden the company's investor base in the U.S. while providing shareholders similar rights to dividends and voting as ordinary shareholders. This move is part of NOVONIX's strategy to enhance its presence in the North American market.

NOVONIX (OTC: NVNXF) has secured a five-year supply agreement with KORE Power to supply graphite anode material, starting at 3,000 tonnes per annum in 2024, with potential growth to 12,000 tonnes. The partnership aims to bolster the domestic lithium-ion battery supply chain in North America. Additionally, NOVONIX acquired an approximate 5% stake in KORE Power for USD 25 million, split equally between cash and shares. This marks a significant step towards establishing a sustainable energy future and advancing production capabilities at NOVONIX's new facility.

NOVONIX Limited (OTC: NVNXF) announced a letter of intent to enter into investment and supply agreements with KORE Power. This collaboration aims to enhance the North American battery supply chain by making NOVONIX the exclusive supplier of graphite anode materials for KORE Power's facility in the U.S. NOVONIX plans to acquire a 5% stake in KORE for $7.50 per share, totaling a mix of cash and shares. This partnership is expected to close in early 2022, supporting KORE Power's upcoming 12 GWh battery manufacturing facility in Arizona.

NOVONIX Limited (ASX: NVX, OTC: NVNXF) announced a letter of intent to enter into investment and supply agreements with KORE Power. If approved, NOVONIX will acquire a 5% stake in KORE Power and will become the exclusive supplier of graphite anode materials to KORE’s U.S. battery cell manufacturing facility. The partnership aims to strengthen the North American battery supply chain while reducing reliance on foreign materials. NOVONIX plans to produce 10,000 metric tons of synthetic graphite annually by 2023, expanding to 150,000 mt/year by 2030.

Phillips 66 (NYSE: PSX) and NOVONIX Limited (ASX: NVX, OTC: NVNXF) have entered a technology development agreement to enhance production of advanced anode materials for lithium-ion batteries. This collaboration follows Phillips 66's 16% investment in NOVONIX in 2021, aiming at scaling production and supporting the U.S. battery supply chain. The partnership will focus on manufacturing high-capacity synthetic graphite to improve battery performance while reducing costs and environmental impact.

NOVONIX Limited (ASX: NVX, OTCQX: NVNXF) has initiated the process to list on the Nasdaq Stock Market, filing a Form 20-F with the SEC. This Level II American Depository Receipt (ADR) program aims to broaden NOVONIX’s investor base in the U.S. while continuing to trade on the ASX. Each ADR will represent four ordinary shares of NOVONIX. The program, which will be administered by BNY Mellon, is part of the company’s strategy to enhance its visibility to North American institutional investors. However, no final decision from the SEC regarding the listing has been made yet.

NOVONIX (ASX: NVX, OTCQX: NVNXF) has announced preliminary results from an independent life cycle assessment (LCA) conducted by Minviro, indicating that its GX-23 synthetic graphite anode material could reduce CO₂ emissions by approximately 60% compared to similar products from China. This assessment highlights the environmental benefits of NOVONIX's production methods, with the potential for the material to be 2.5 times more environmentally friendly.

NOVONIX aims to scale production capacity to 150,000 metric tons annually by 2030, emphasizing sustainability in battery material manufacturing.