"NVX’s wholly-owned subsidiary — Novonix Anode Materials (NAM) — was selected for a US$150 million grant.Importantly, however, DoE noted that Novonix’s cost share would be US$877 million.Currently, NAM is constructing a production site in the US that is expected to produce 10,000 metric tonnes of battery-grade synthetic graphite per year.Novonix continues to burn cash."
Maybe a quick search of NVX DoE grant will bring people to morning money to confirm the real number.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-35
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