Ann: NVX Provides Update on Synthetic Anode Materials Production, page-13

It is even worse than that. The new target is a RATE of 3000 TPA in the 4th quarter 2024.

“I am excited to begin delivery of our high-performance synthetic graphite from our Riverside
facility to KORE in 2024, our first significant volume offtake"

"This will begin at a rate of approximately 3,000 tpa in 2024." to support "... the construction of its KOREPlex facility in Phoenix, Arizona, which will
begin commercial production in the fourth quarter of 2024."

So, if everything goes well during the construction of Kore's plant, Kore will begin needing some anode material to start the ramping process. This process will likely require a RATE of 3000 TPA during some portion of Q4 in 2024. Assuming no ramp and a sprinting start, they would require only 25% of the annual output. 750 metric tons. Likely half that amount or less will be needed in reality as scaling battery plants is notoriously difficult and usually slower than expected. Add to that the relative inexperience of Kore and I'd be unsurprised at a further delay, and no anode revenue from this contract (edit) in 2024.

The thing that concerns me the most is Burn's statement referring to this offtake as: "...our first significant volume offtake." This strongly implies that there is no other customer waiting for a 2023 or H1 2024 offtake.