Last Quarterly Activities/Appendix 4C Cash Flow Report: It said “With plans to reach an initial production capacity of 3,000 tonnes per annum (“tpa”) by the end of 2024, NOVONIX is working towards key milestones ahead of the start of production targets for its supply agreements with Panasonic Energy and KORE Power. NAM expects to deliver mass production samples (“C-samples”) from Riverside for qualification testing early in 2025 and proceed to commercial volumes upon acceptance.”
This Quarterly Activities/Appendix 4C Cash Flow Report: Now says "Continue to receive, install, and commission equipment at Riverside for the initial 3,000 tonnes per annum (“tpa”) of capacity by H1 2025 and to be operational in late 2025 in support of supply agreements with Panasonic Energy and KORE Power."
So another half year delay even more to be operational? "on track"?
NVX Price at posting:
71.0¢ Sentiment: Hold Disclosure: Held
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