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NVX - Novonix Limited

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I guess everyone is on holidays then...?

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frugal.rock said:
Looking at the chart makes me think a bottom is in. Any thoughts?
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From $12 a year ago, to $1.40, and now $1.78, it's got a long way to go, and all those stale holders, let alone getting down and doing things. Like spending money and accounting for it.

There was a recent update, in its plans to scale its U.S. production of high-performance synthetic graphite anode materials following the recent announcement that KORE Power, Inc. closed its initial US$75 million of an anticipated total US$150 million in funding.

On 31 Jan, 2022, NOVONIX signed an agreement to be the exclusive supplier of graphite anode material to KORE as part of a strategic partnership to advance the lithium-ion battery supply chain in North America. On 30 Nov, 2022, KORE announced it closed the initial US$75 million of strategic financing from Siemens Financial Services and other strategic investors to support the construction of its KOREPlex facility in Phoenix, Arizona, which will begin commercial production in the fourth quarter of 2024. NOVONIX is expanding production of the Company’s Riverside facility in Chattanooga, TN to a target of 10,000 tpa output at full operation to support KORE’s requirement. This will begin at a rate of approximately 3,000 tpa in 2024 and ramp to approximately 12,000 tpa in 2028, to match KORE’s required volume.

On 19 Oct, 2022, NOVONIX announced that it was selected for a US$150 million grant from the U.S. Dept of Energy through the Bipartisan Infrastructure Law funding, to expand its production of synthetic graphite anode materials. The Company plans to begin construction of a new production facility in 2023, while continuing to expand the production output of Riverside. NOVONIX plans to adjust the previous production output targets of Riverside from 10,000 tpa in 2023 to now match the KORE supply agreement volumes and any subsequent volumes from supply agreements the Company may enter. Equipment installation continues at Riverside as NOVONIX’s proprietary Generation 3 graphitization furnaces are being optimized ahead of the start of production to support KORE’s required volume.


frugal.rock said:
Shame I didn't think of it for the yearly comp
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Yup.
 
frugal.rock said:
I guess everyone is on holidays then...?
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And up 20% today, though you wouldn't guess it from a 3 year chart;
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NOVONIX Enters into Joint Venture Agreement with TAQAT Development Company to Produce Battery Materials in the MENA Region

Key Deal Terms:
• NOVONIX Limited and TAQAT Development Company have agreed to form an incorporated Joint Venture in the Kingdom of Saudi Arabia to produce high-performance graphite anode for use in electric vehicle and energy storage system applications.
• It is intended that the JV will undertake engineering for the facility in its first year with the target to begin facility construction in 2024.
• NOVONIX will contribute access on a royalty-free basis to its proprietary intellectual property to the JV for the production and sales of high-performance graphite anode in the Middle East and North Africa region.
• TAQAT will hold a 60 percent equity stake in the JV vehicle and NOVONIX will hold a 40 percent stake with each party contributing their share of operating and capital costs for engineering and subsequent facility construction and operation.
 
Back above a dollar locally.

NOVONIX and LG Energy Solution Enter into a JDA for Artificial Graphite Anode Material and a US$30 Million Investment Agreement
■ NOVONIX and LGES to jointly work toward developing artificial graphite anode material for lithium-ion batteries pursuant to a Joint Research and Development Agreement
■ NOVONIX to issue US$30 million worth of unsecured convertible notes to LGES under a separate Unsecured Convertible Note Agreement
■ The JDA is intended to lead to the option for LGES to purchase up to 50,000 tons of the anode material from NOVONIX’s United States-based facility over a 10-year period from the start of mass production

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frugal.rock said:
Not a bad up day, but is the bottom in? ?
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Know nothing about this fella Rock ....

But a high range bar on massive Volume closing almost on the high of the day means there should be at least a few more "ticks" in it, even if it fails in a few days.

If I had to guess, the Low is either in (at least the short term) or the Stock is "buggered"
 
mullokintyre said:
NVX gets some free publicity in Todays OZ


Mick
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Somebody at the Australian Newspaper must have a heap of shares in Novonix.
There is another spruiking piece in todays Australian

Australian-Canadian battery play Novonix has a controversial view when it comes to developing electric vehicles that can seemingly drive forever.
Chris Burns, the chief executive and former top technical lead with EV carmaker Tesla says we need to stop thinking about the long-promised “million-mile” battery.

Car makers and battery makers have created a hype that newer EV batteries can last longer and longer without needing a costly replacement. Most manufacturers guarantee EV batteries for eight years.
Speaking to The Australian from Novonix’s operations near Halifax, Canada, Burns says while today’s battery chemistries are impressive – the underlying technology hasn’t changed.

He points out that many original Panasonic battery cells from a Tesla Model S built 10 years ago are still on the road today performing just fine with as much as 90 per cent of their capacity left.

“That’s pretty impressive for 10 year-old technology. But if you take that battery and put it on a tester, and you run it from 0 per cent to 100 per cent, back and forth, back and forth, it only lasts several hundred cycles – nobody drives their car to zero to 100, zero to 100.”
Burns says battery and EV producers need to get more out of their batteries for the right application.

“The more we can drive longevity in our batteries, the more we can diversify what they do.”

ASX-listed Novonix is working on that. Burns’ anode battery technology outlasts Tesla batteries on a charging cycle, which means less range loss over time for an electric vehicle. The batteries are rated for a higher stability.
Novonix is backed by Queensland energy rich-lister Trevor St Baker and counts former Dow Chemicals boss Andrew Liveris as a director and shareholder. US oil refining and energy major Phillips 66 is also on board as a major backer. Novonix specialises in the development of synthetic graphite. This is a key ingredient needed in building long life anodes, which sits at the heart of the battery. Currently China dominates the market for anode production.

Burns says EV batteries will increasingly be used as an energy source for households to manage renewables demand through peak periods. And this is the shift in the way EV makers are starting to think about their batteries.

“All of a sudden you have to decouple the idea of ‘I’m going to sit behind my steering wheel and drive a million miles’ to how many megawatt hours of energy can I run through this single battery?

“That becomes the question. And the more we can put through the batteries the way we’d like to think about it changes as you’re decreasing the total cost of ownership of that energy storage asset.

“We have to make the batteries affordable. And if they can last longer then that has incredible value.”

In the midst of the Covid share boom, Novonix surged in 2021, peaking at $10.68, giving the company a valuation of more than $5.2bn based purely around its intellectual property. But the shares quickly deflated as interest rates rose around the world. Since April shares have fallen below $1 each, giving Novonix a value of more than $460m.

Burns, who has a doctorate in physics, says Novonix was caught up in a “hype cycle” sweeping the entire EV sector, which at the time also looked like a land grab as big car makers were pivoting.

“Now unfortunately, we’ve been caught up in the bigger macro economic climate, we have high interest rates – that story is not just unique to Novonix.”

However, he says it is a matter of controlling what they can do. Burns says Novonix has a strong balance sheet and supportive investors and now it was a matter of delivering on production.
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Good luck to those who hold it.
Mick
 
frugal.rock said:
I guess everyone is on holidays then...?
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and probably sold shares to pay off the trip...

...now 69c and has halved this year. i guess being a producer brings a reality and takes out the speculation..
.
NOVONIX Achieves Key Milestones and Establishes Pathway to Profitable Anode Material Production in the U.S.

Highlights from recent production campaigns:
• Demonstrated successful production with the Company’s Generation 3 Furnaces meeting design targets, including throughput, cost, and sustainability targets
• Doubled production capacity target to up to 20,000 tpa for Tennessee facility
• Expected capital and operating costs for future facilities projected to be lower than the Company’s initial estimates.
 
I have entered the NVX in the 2024 year long regatta
She seems to be finding Wind atm

Sailing the NVX ----------------One WEEK at a Time-------------------------------&-----------------One Day at a Time
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Salute and Gods' Speed
XYZ Yacht.GIF
 
Panasonic Energy and NOVONIX Sign Binding Off-Take Agreement

- Off-take for NOVONIX’s high-performance synthetic graphite to be supplied to Panasonic Energy’s North American facilities
- Agreement for 10,000 tonnes of synthetic graphite from 2025-2028

up 10 per cent to 68c
 

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